Real Estate

these two words must be the most over played words in real estate. at what point did every home/condo all of a sudden become ‘luxurious’????? and why don’t realtors or builders get that it’s simply annoying to read that over and over. agents, are you blind? and, when did everyone start requiring luxury. kings and queens live in luxury. not US. granite counter tops and stainless steel is luxurious? huh???

Realtors are trained to use those types of words to catch your attention. The more traffic they get the odds of selling the house go up.

In November 07 I purchased a small downtown condo in Vancouver. The condo was previoulsy tennated, and i was told by my real estate agent that legally i cannot rent it for a period of one year as it was purchased while while tennated.(someone was renting it at the time of pruchase)

The closing date for the sale is Feb 1st.

Reccently i was offered an excellent international job starting in July 08, and i would like to take it. Is it legal for me to rent out the condo while i’m gone? Are there any options for me? My salary would not be good enough to pay the mortage on the empty condo while i’m gone.
selling is an option, but i would loose lost of money in the sale, from real estate agents, to closing costs on the mortagage. I bought at a high price as the market is heated. dont know how much more i can sell it for.

I don’t fully understand the situation from your description, nor the law specifially in Vancouver, but you might be subject to a rule like this (under rent control) if you kicked the tenant out in order to occupy it.

The easiest way to resolve this would be to sell the condo to someone else before you leave. Then you are out of the game. You probably don’t really want the hassle of being an absentee landlord out of the country anyway.

My family will be moving to a city within 30 mins of Zion, IL, and I would like to know what websites I can search for housing on sale. Thanks in advance.

www.realtor.com is nationwide. You could also try a local MLS access hosted by a local realtor in the area.

First off, I live in Florida, so whoever answers would need to be a Florida resident and preferrably a lawyer..hehehe I have a potential buyer from California and he doesn’t want to work with my real estate agent. He wants me to do the running… A mutual friend (who lives in Boston) says there is only one form I need to have done, but that just doens’t sound right…especially if a lawyers involved….LOL sorry, I just had to say it…:)

Congratulations! You won the "sucker" this month. Considering the prospects of actually finding another sucker to buy your condo, I would definitely appease the buyer (my husband and I invest in real estate in Florida). However, if you have a signed contract with the listing agent you may still be on the hook for commission. Generally speaking an attorney will cost about 5% of the total value of your home (this includes closing costs).

Realtor.com,Househunt.com, yahoo real estate.com,

they overlooked them and did not acknowledge their existence..wrong on so many levels

Rockland County NY Real Estate For Sale,Smith Road Entrance,Condos, Townhomes and/or Townhouses at The Hamlets in Nanuet NY, which includes: Treetops, Knolls East, Eagle Ridge, Vista and Timberline.

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Historic Atlanta Luxury Home For Sale in the Buckhead Community of North Atlanta, GA – Visit www.BuckheadAreaHome.com For Full Details – See This Beautiful Buckhead Area Luxury Home Right Away! One of The Finest Homes and Best Values in the Atlanta Luxury Real Estate Market! Buckhead is an upscale Community in North Atlanta with Historic Homes, Mansions, Luxury Estates and Executive Homes.

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Paradise Palms in Kissimmee, Florida, features decorator selected fully furnished luxury townhomes, ideal for 2nd homes or vacation residences. From the moment you enter this spectacular vacation Community with its magnificent entry, you are greeted by fountains, waterfalls and the stunning sights and sounds of a true tropical paradise. Once inside, youll enjoy some of the very best entertainment in a full-service vacation resort environment. The community features some of the best vacation and resort-style amenities, including a stunning 9,500 square foot Clubhouse featuring sauna, movie theatre, game room, internet lounge, basketball and volleyball courts, lighted tennis courts, state-of-the-art fitness center, resort-style swimming pool with waterfall, grotto, spa, and slide, poolside tiki bar and grill, kid’s pool, and much more! Plus, each townhome at Paradise Palms is built with its own screened-in and heated swimming pool for your very own private retreat. Other amenities include concierge service, 24-hour manned security gate, 24-hour digital video surveillance security, high-speed internet with wireless Clubhouse and pool coverage, and much more.

Just outside Paradise Palms, everything you love about Central Florida is nearby! This vacation home community is located just 8 minutes away from Disney World, Sea World, Universal Studios, Islands of Adventure, Orlando’s famous International Drive, numerous famous Florida golf courses and other vacation attractions. This prime location also gives you easy access to Orlando’s US 192, SR I-4, SR 417, and Route 27. Paradise Palms in Kissimmee, FL is truly one of a kind. And Lennar’s dedication to quality and customer service combined with the community amenities and new home values make this community an incredible opportunity you simply can’t miss!

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Aug. 10 (Bloomberg) — The collapse in commercial real estate is preventing Federal Reserve Chairman Ben S. Bernanke from declaring the economy and financial markets are healed.

Property values have fallen 35 percent since October 2007, according to Moodys Investors Service. Thats making it tough for owners to refinance almost $165 billion of mortgages for skyscrapers, shopping malls and hotels this year, pressuring companies such as Maguire Properties Inc., the largest office landlord in downtown Los Angeles, to put buildings up for sale.

Negative Fundamental

Demand for commercial space comes from employment and the income generated by that employment, said University of Pennsylvania Professor Joseph Gyourko, director of the Wharton Schools Samuel Zell and Robert Lurie Real Estate Center in Philadelphia. Mounting job losses are a really significant negative fundamental, signaling that conditions are going to be tough for the industry for a while, he said.

That may spill over into mounting losses at some banks. Forty-seven percent of loans at the 7,000-plus smaller U.S. lenders are in commercial real estate, compared with 17 percent for the biggest banks, according to New York-based Goldman Sachs Group Inc.

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