Friday, May 24, 2019 / by Susan O'Hara
Friday, May 24, 2019 / by Vanessa Saunders
This is an old scam, which Zillow and Trulia are actually getting better at sorting out lately. They missed this one. The "Sellers" claim to be a property management company and specify that the property is available for first-time buyers only: "no lenders, no investors, no wholesalers, no attorneys and no one that has ever owned a property." According to the Zillow listing, the sellers "own many homes across the country, and once a year they "sell one or a few to first-time buyers for under $50,000."
The fraudulent listing also states the home is occupied by tenants, and due to their lease, must have 48 hours notice before an interested buyer can see the property. But before ...
Thursday, May 23, 2019 / by Vanessa Saunders
Here are 10 questions you need answered by a prospective real estate agent.
1) How Long Have You Been in the Business?
No school offers a degree in how to handle problems in a transaction. They learn on the job. The more sales an agent has completed, the more she knows. It’s even possible that she’s taken special designation courses. It’s OK to ask about this, too.
2) What Is Your Average List-Price-To-Sales-Price Ratio?
An agent’s average ratio depends on the market. Excluding sizzling seller’s markets, a good buyer’s age ...
Wednesday, May 22, 2019 / by Vanessa Saunders
As it happens, the press stories are not fake news. The median sale price of a Hamptons home has fallen to a seven-year low of just $860,000.
This luxury real-estate slump can be traced, in part, to Donald Trump's 2016 federal tax reform, as the Financial Times' Ben Foldy reported. The new tax laws make it more expensive for homeowners to own luxury homes because they can deduct only $10,000 in state and local taxes from their federal income tax filings.
The most expensive homes for sale in the Hamptons are suffering th ...
Tuesday, May 21, 2019 / by Vanessa Saunders
The tiny home movement is finding traction in places like America's western mountain towns, where people spend more than 50 percent of their income on housing, which is well above the norm. A recent Sierra Sun article cited a regional housing study that found, “… 76 percent of Lake Tahoe and Truckee NV area residents spend more than one-third of their income on rent, and 26 percent spend more than half of their income on rent.”
Sprout Tiny Homes is developing a PUD (Planned Unit Development) approved community in Salida, Colorado. Sprout’s homes aren’t diminutive, realty-television-ready oddities: The company uses traditional materials and building ...