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Category: Real Estate

Trouble Selling Your Luxury Home? At Least You’re Not a Celebrity!

Trouble Selling Your Luxury Home? At Least You’re Not a Celebrity!

Are Americans less starry-eyed about celebrities than they used to be? (Hard to believe, with a reality-TV star a nominee for the U.S. presidency.) Or is there some other explanation for the fact that, according to a widely reported Redfin study, celeb-owned properties sit on the market for “about 36 days longer than other homes and they usually sell for less than the original asking price,” and in some cases for less than the amount they purchased it for? One theory posited by…

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Adult Kid Living at Home? You’re Not Alone, And It’s Not Forever

Adult Kid Living at Home? You’re Not Alone, And It’s Not Forever

Pricey rental markets, low housing inventory and high home costs, crushing student debt loads, and difficulty finding jobs are adding up to an unmistakable U.S. trend: kids moving back in with mom and dad after graduating from a college or university. If you live in New Jersey, Connecticut, New York, Florida, or California, the odds of having a child living at home are especially high, according to an August 18, 2016 analysis from Stateline. Feel better now that you know it’s not…

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Yes, Home Seller, You Should Mention the Snakes!

Yes, Home Seller, You Should Mention the Snakes!

Sometimes the law and ethics match up nicely, other times, not so much. That’s one of the reasons “The Ethicist” column in The New York Times can be both an entertaining and a frustrating read. A recent column, “You’re Going to Sell Your Home. Should You Mention the Snakes?” provides an example of when the law and ethics line do match up; yet it reflects a total lack of awareness on the questioner’s part that the matter at hand is primarily a…

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Check Out the Writing-Award Winners From the 2016 National Association of Real Estate Editors’ Conference!

Check Out the Writing-Award Winners From the 2016 National Association of Real Estate Editors’ Conference!

The Annual National Association of Real Estate Editors (NAREE) Conference just concluded in New Orleans, bringing together real estate writers, journalists, and industry experts from around the United States. As always, the announcements of NAREE’s 2015 journalism and book award winners were event highlights. Here’s a sampler of the writings that caught the judges’ eyes: Josh Salman, of the Sarasota Herald Tribune, discussed flaws in administration and oversight of the EB-5 investor visa program, which many non-citizens use as a way to get…

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Beware the Downside Risks of Tidying Up Your Finances in Preparation for Getting a Mortgage Loan

Beware the Downside Risks of Tidying Up Your Finances in Preparation for Getting a Mortgage Loan

If you’re hoping to buy a home and finance it with a mortgage (as do 86% of homebuyers, according to the National Association of Realtors’ 2015 Profile of Buyers and Sellers), getting your finances in order is a good start. You’ll want to understand how much debt, income, and assets you really have, pay off minor debts at high interest that might be harming your ability to take on more credit, and be able to show that you’re a good…

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