The ABCs of FIRPTA

COMMERCIAL OBSERVER The ABCs of FIRPTA BY LAUREN ELKIES SCHRAM JAN. 20, 2016, 11:15 A.M. We all know that foreigners have been snapping up real estate in the United States for a while, but are they taxed the same way? Since the introduction of the Foreign Investment in Real Property Tax Act, called FIRPTA, in 1980, Congress has had a way to tax foreigners ...

Tips for Tax-Savvy Homeowners

By Anya Martin October 7th, 2015 With nearly three months left in 2015, jumbo-mortgage borrowers can make tweaks to cut their tax bill in April Illustration: Chris Gash Autumn chores: raking leaves, weatherproofing, storing the patio furniture and preparing for next year’s tax returns. With nearly three months left in the year, jumbo-mortgage ...

What to Know About the New Mortgage Forms

New rules help borrowers compare home loans and see the total cost before closing Illustration: Chris Gash By: Anya Martin September 30th, 2015 Mortgage borrowers should find it easier to compare different loan products and understand the total cost of their loan under new rules that take effect Saturday. The changes are part of the Consumer Financial ...

Love It and Lease It: Rent-to-Own Luxury Homes

By: Anya Martin September 9, 2015 Signing a lease option helps jumbo-mortgage borrowers save for a higher down payment, get their credit history in order and lock in on their dream-home purchase Illustration: Chris Gash A rent-to-own luxury home may help potential homeowners buy some time before it’s buying time. For potential jumbo-mortgage borrowers, ...

Real-Estate Matters: Seller should have disclosed failing septic system

Q: Would the title company find out if a septic system was put into my home illegally before closing? The owner lied at closing about the original system. He never got a permit or engineering done for it. Neither the real-estate agent nor my attorney told me the house failed the water inspection, and during the final walk-through I didn’t know to ...

Ask a Real Estate Pro: Owner can’t remove squatter without court order

By Gary Singer June 5th, 2015 Board-certified real estate lawyer Gary M. Singer writes about the housing market at SunSentinel.com/business/realestate each Friday. Q: We rent out a house. After a prior tenant moved out, we spent a few weeks cleaning up and repainting. Over the weekend, someone just moved into the house without permission. I threw him ...

How Much Home Can You Buy With Your Income?

Miller Samuel President and CEO Jonathan Miller discusses the U.S. housing market. Bloomberg Intelligence’s Carl Riccadonna also speaks on “Bloomberg Surveillance.” (Source: Bloomberg)    

Solid gains in home values mean more homeowners could face a hefty tax when they sell. Keeping track of home improvement costs could help defray that tax.

By:  Robert Neubecker June 5th, 2015 The New York Times A tax time bomb is ticking for an increasing number of people who have been lucky enough to see big gains in the values of their homes.  This is especially true in and around cities like New York, Los Angeles, San Francisco, Boston and San Diego, where home prices have increased smartly ...

Love at First Sight

Love at First Sight Frederick Peters  |  President, Warburg Realty Real estate is a love-at-first-sight business. More often than not buyers respond viscerally one way or another within 30 to 60 seconds after they walk into a property. The subsequent 20 to 30 minutes of the showing either bolster or contradict that initial ...

Consider Cash When Buying a Vacation Home Overseas

Consider Cash When Buying a Vacation Home Overseas U.S. residents buying vacation homes overseas may find that financing their slice of paradise isn’t so dreamy. By: Anya Martin April 1st, 2015 The Wall Street Journal Breathtaking ocean views, a five-minute walk to the beach, and regular sightings of toucans, iguanas and sloths— Todd Harris and ...