NAR Adopts Rules – Short Sales in MLS

NAR Adopts Rules for Disclosure of Short Sales in MLS  by Bob Hunt Reprinted from Realty Times At the recent mid-year meetings of the National Association of Realtors the Board of Directors adopted new policy regarding the disclosure of short sale listings in a multiple listing service data base. According to an NAR news release, [...]

HOPE NOW! – New Guidelines for Short Sales

THIS CAME MY WAY through Space321Talk, a Blog conducted by and for members of Florida’s Space Coast Association of Realtors. Almost everyone has heard Florida has been one of the states hit hardest by foreclosures. Realtors there are struggling to find ways of dealing with short sales. This may contain good news for everyone.  HOPE [...]

TAX DEFERRED 1031 for Vacation Homes

Finally — IRS Guidance on Exchanging Vacation Homes Revenue Procedure 2008-16 Provides Safe Harbor Until now, the issue of whether a vacation home qualifies for tax deferral treatment under IRC §1031 was the subject of much scrutiny and uncertainty. To the delight of many tax practitioners, on February 15, 2008, the IRS eliminated that uncertainty [...]

WHY ARE SO MANY FOR SALE?

A NEW CLIENT RECENTLY ASKED WHY she saw so many units available in Alii Lani. The answer I gave her was a bit complicated. I have reprinted it here. FIRST ALII LANI IS A HUGE COMPLEX and so a normal percentage of units on the market there appears to be a lot when you just [...]