If you look hard enough, you can still find a MLS book

January 21, 2011

If you look hard enough, you can still find a MLS book A friend of mine, a longtime Realtor who has always been an early adopter of the latest and greatest in real estate technology, cranked up a listing on his cell phone to show me an example of a well-priced, four-bedroom property in his [...]

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Real estate IRAs: Not just for high rollers

September 19, 2010

The recent national story about a $12 million sale of waterfront mansion listed for $40 million six years ago sparked some interesting comments and questions from our adult children at Sunday night dinner. They wondered about the market, and considered real estate as an investment, calculated the number of individuals who could afford ultra-priced homes, [...]

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College towns no longer just a lure for students

September 19, 2010

National surveys attempting to determine the best places to live continue to include several college towns. The small-town environment is attractive for its slower pace and the athletic facilities and educational programs offered by the school. College towns also remind many aging baby boomers of the places where they grew up or received their education [...]

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‘Pivotal’ year for reverse mortgages

September 19, 2010

Former FHA Commissioner Brian Montgomery, who oversaw the nation’s most popular reverse mortgage product for nearly five years, sees a “pivotal” year ahead for the industry that allows seniors to tap the equity in their homes. “This is a service that helps solve a social need,” said Montgomery, now a partner in a Washington, D.C.-based [...]

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Not all of Mexico is under siege, despite recent reports

September 19, 2010

In recent weeks, the question has become common. Curiously, North Americans living in Mexico have retained the manana attitude even when it comes to crime. “You think Americans really are not visiting Mexico because of crimes in the papers? Don’t they realize it’s basically a border deal among drug gangs?” asked Jerry Kerr, a native [...]

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Off-season second home buying . . . and financing

September 8, 2010

A friend of mine thought he would take advantage of the rotten winter weather – and the perception that real estate is about the same – and make a low-ball offer on a piece of recreational property that one day could become his second home. His theory was that owners of summer lake cottages felt [...]

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Buy a home closer to the kids with a reverse mortgage

September 4, 2010

Reverse mortgages have been available for more than two decades for older homeowners who have accrued a significant amount of equity in their homes. For many seniors, this underutilized vehicle has been a huge help in enabling them to age in place – especially after a spouse is gone. Now, the government is backing a [...]

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Log homes: No longer just cabins, second homes

August 30, 2010

Nearly three decades ago, before kids and back-to-school days, my wife and I often spent warm mid-week afternoons driving country roads, dreaming about a location for a family cabin. Neither of us had weekends completely free but we didn’t miss the crowds that often choked nearby lakes and streams on Saturdays and Sundays. On day, [...]

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Checkbook control with real estate IRAs

June 30, 2010

Individual Retirement Accounts that feature self-directed real estate purchases have become more understood in recent years, and consumers now a have speedier avenue to time-sensitive investments. Many providers of self-directed real estate IRAs now can set up a limited liability company (LLC) that allows consumers to write their own checks for property investments – including [...]

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