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Think Twice Before Helping Your Children Buy a Home

By: Ruth Mantell Updated June 16, 2014 1:16 a.m. ET It’s particularly hard for many young people to buy their first home these days without some financial support. But before stepping in with a gift or loan to help with a down payment, parents need to ask themselves some tough questions. Among them: What is helping my child going to cost me, not ...

How to Own a Vacation Home—With Someone Else

Figuring out how to share a vacation home is no day at the beach. But it may be the only way to have a day at the beach at all. That’s because the price of second homes is rising, and few people have enough cash to buy one on their own, let alone enough vacation time to justify the purchase. So increasingly they’re teaming up with friends ...

Powers of Deduction

For those weighed down by large mortgage payments, there are ways to save money when next year’s tax season arrives; beekeeping, anyone? By ANYA MARTIN One rueful lesson of tax season: Some deductions require lots of advance planning. Homeowners willing to do the legwork now can find some creative ways to lessen their tax bills next year. Jumbo-mortgage ...

Warren Buffett Reveals His Secrets for Investing in Real Estate

by Brian Lund There is no lack of information available about the institutional investment strategies of the world’s billionaires — how they move money in their capacity as the heads of large public companies and investment funds — but how often do you get the chance to look inside the personal investments of those billionaires? And ...

When Buyers Say: Tear Down This Wall

By LISA SELIN DAVIS When it comes to combining dwelling units, two really are better than one. But expect higher fees and more paperwork. Mortgages for connecting two condos or co-ops, or converting a multifamily to a single-family house, can be complicated. “It’s not the kind of thing that you take off the shelf,” says Mike McPartland, ...

A New Weapon for Bidding Wars

By LISA PREVOST In response to the fierce competition for homes in healthy metropolitan markets like those surrounding New York City, some mortgage lenders are taking steps to put buyers who must borrow on par with those offering to pay in cash. Buyers in need of financing are finding they are at a disadvantage in competitive markets. Because inventory ...

BOARD APPROVED: NAILING THE CO-OP BOARD INTERVIEW

by Holly Lynch We asked nine current and former board members, one co-op lawyer and one property manager what matters most and some tips for navigating the process successfully. To read the full article click here

ASK AN EXPERT: HOW MUCH CHEAPER IS AN APARTMENT IN A LANDLEASE BUILDING?

by Teri Karush Rogers Q.  If you have two identical apartments–one in a building that has a landlease, and one in a building that owns the land it sits on–how much less is the landlease apartment worth? A.  Expect to pay a little to a whole lot less, but be prepared for higher monthly costs, say our experts. First, quick definition ...

5 Questions to Ask Before Choosing a Potential Realtor

By Kate Rogers Finding the right real estate agent to help find a home can be a lot like dating, but it’s important to ask the right questions to get a solid understanding of a professional’s  background and experience to make sure you end up in the right home. Andy Asbury, CEO of Better Homes & Gardens Real Estate Area Leaders outside Minneapolis, ...