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, the directors [...]
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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 NOW [...]
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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 by [...]
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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 look [...]
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THE DICTIONARY DEFINES ESCROW as “The deposit of deed, bond, monies, contract or other written agreements with a third person to be delivered or used only upon performance or fulfillment of set conditions.” More simply, Escrow may be defined as a stakeholder.
IN PRACTICE, ESCROW INCLUDES all of the services of a person skilled in [...]
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1. DON’T BUY HIGH! Don’t pay as much or more for a property as similar property sold for at the top of the market.
2. DON’T ASSUME EVERY PROPERTY IS OVERPRICED. When properties are well priced they still get snapped up almost immediately and bidding wars sometimes still erupt.
3. DON’T HOLD A PROPERTY IN A [...]
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Filed under: Living in Kona, Real Estate Information
MY 30th YEAR IN REAL ESTATE was arguably the worst year in the memory of most Realtors, but it was an award winning year for me! In July the record breaking sale of the condominium I promoted with, “Nothing Else Compares!” lead to cover stories and inside spreads in three East Coast magazines. It was [...]
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RESULTS of Bank of America’s Equity Research November 29,2007 real estate survey just hit my desktop. If you are still holding on to hope there will be appreciation soon – their predictions will disappoint you.
Portfolio Managers’ Summary
Our 12-month thesis on the sector. We are cautious on home building stocks. We
see risk over the [...]
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You’ve just purchased a small condominium. Congratulations!
The plan is to rent it! When it is not occupied you will use it as a second home. So, how do you furnish it?
Ask yourself, “How important is the rental?” If the income from rental is of primary concern, be sure your condo is the one most [...]
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