Many vacation property owners would like to rent their home out when they’re not using it themselves. Problem is, they let their worry about the “what-ifs” override the benefits of collecting all that glorious rental income. Here, Christine Karpinski, director of Owner Community for HomeAway, Inc., and author of How to Rent Vacation Properties by Owner, 2nd Edition: The Complete Guide to Buy, Manage, Furnish, Rent, Maintain and Advertise Your Vacation Rental Investment addresses some of the most common objections...Continue Reading!
In The News Category
[issuu viewmode=presentation layout=http%3A%2F%2Fskin.issuu.com%2Fv%2Flight%2Flayout.xml showflipbtn=true documentid=100923165505-24218e03e2a94573a99e71a4a72e6d02 docname=south_mh_elite_09.26.10.2_copy username=ewmrealtors loadinginfotext=EWM%20%22the%20elite%20page%22%2009.26.10%20south=true tag=ewmreltors width=420 height=865 unit=px] Click on the property photo for more information.Continue Reading!
Foreclosures spiked in August 2010, with banks seizing 95,364 homes, according to RealtyTrac, a housing research firm. They were up 25% from August 2009 and at their highest level since the company started tracking this data in 2005.This is frightening news for homeowners, home sellers, and home builders who may feel like they are barely hanging on, because it signifies continuing weakness in the housing market. But all of the news isn’t bad, since this may signify that the worst...Continue Reading!
Vast rooms with soaring ceilings, extra-tall doors and towering windows are designed to look grand. But how do you make such vast spaces feel warm and inviting—without minimizing their grandeur? Not-so-big homes may be the current trend, but luxury mansions are still being built or remodeled. And even smaller homes often feature open-plan living areas with lofty ceilings. It takes all the decorating tricks in a designer’s bag to bring human scale to giant spaces, says Jeanne Archer, who recently designed the...Continue Reading!
If you are new to South Florida, or perhaps you are a snowbird returning for the season, or you are a resident who just hasn't kept up with some of the local road and traffic changes going on lately, please read further. As of July 1, 2010, several local municipalities have installed traffic cameras at key intersections and are issuing whopping traffic tickets of $158 per infraction if you make a right turn on a red light without first coming to a complete...Continue Reading!
Distressed homeowners looking for a way out of their mortgage that doesn’t involve foreclosure may find relief is on the way from a new bill introduced in the U.S. House. The legislation would impose a deadline on lenders to respond to short sale requests, requiring them to return an answer to the borrower within 45 days. The bipartisan bill, Prompt Decision for Qualification of Short Sale Act of 2010 (H.R. 6133), is sponsored by Reps. Robert Andrews (D-New Jersey) and Tom Rooney...Continue Reading!
With housing woes capturing front-page headlines in the United States, the odds of distraught homeowners becoming even more frustrated and opting to abandon their mortgage obligations has become a growing concern within the industry. Still-falling property values are pushing more homeowners underwater, and the social stigma attached to foreclosure is steadily eroding as delinquencies become almost commonplace – such factors can fuel the fire for so-called strategic defaults. A survey by the Pew Research Center found that more than a third –...Continue Reading!
In much of Florida, homes have become dramatically more affordable since 2005, attracting new buyers who couldn’t have made a purchase “in the peak years,” says Rei Mesa, president and CEO of Prudential Florida Realty. In Nevada, buyers are snatching up $200,000 properties that just a few years ago would have been listed at twice that price, says Bryan Drakulich, president and CEO of DoMore Real Estate in Reno. The housing market reflects a paradox of the Great Recession: While some...Continue Reading!
The lowest mortgage interest rates in decades have sent thousands of homeowners eager to refinance their home loans scurrying into lenders’ offices. Many leave empty-handed and upset. A multipronged whammy of lower home values, new appraisal guidelines and tighter lending requirements frequently derail consumers from snaring loans at lower interest rates. Lenders say they are closing 60-70% of refinancings. “It’s a blow to a borrower’s ego,” said Todd Gosden, a loan originator at Avenue Mortgage in Naperville, Ill. “The guy who...Continue Reading!
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