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Winning a bidding war is not always just a money game

“With each attempt, the anxiety and desperation builds, the offer price escalates, the tolerance for risk rises to dangerous levels” reports washingtonpost.com. In addition, buyers who hope to lock into interest rates before they rise further are motivated to jump into a bidding war.This high-anxiety environment spurred bidding wars across the county with homes escalating in price by $100,000 or more.We have lost two bidding wars and are holding onto fading hope that the third time’s a charm.Unfortunately, their specifications are similar to those of many buyers in the market, so…

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Fox News host Sean Hannity’s real estate holdings draw scrutiny

“Hannity on Monday said he had no direct discussions with HUD regarding loans for his real estate holdings” writes Matt Pearce for sun-sentinel.com. One of the companies, SPMK II, is a co-owner of Henssler Property Management LLC, which manages rental properties owned by other SPMK-named limited liability corporations, according to financial disclosures from Henssler Financial. Source: sun-sentinel.com Share This:

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Hannity: I’m being attacked for investing my money

“The LLCs are REAL companies that spend real investment money on real properties,” he said” writes Jessica Estepa for usatoday.com. “It is ironic that I am being attacked for investing my personal money in communities that badly need such investment and in which, I am sure, those attacking me have not invested their money,” Hannity said in a statement. Source: usatoday.com Share This:

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Prince’s Paisley Park Ready to Cash In On His Poetry and Photos

“Paisley Park Enterprises — the merchandising arm of Prince’s estate — has filed paperwork to produce printed content” reports tmz.com. Prince’s Paisley Park Ready to Cash In On His Poetry and Photos Prince’s vast collection of unreleased music isn’t the only way his estate will reap money for years to come — turns out his words, as in poetry and lyrics, could also be gold.Photos were also released inside his legendary vault containing shelves upon shelves of recordings … many unreleased … which we know the estate wants to release…

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Markets News 

Paradiso Del Mar estate goes to auction: 7 bedrooms, 13 baths, garages for 30 cars

“A sprawling ocean and lakefront estate known as Paradiso del Mar, complete with tunnel, seaside cottage, fabulous views and garages for 30 vehicles, is scheduled for auction Saturday in the upscale Palm Beach County town of Manalapan” writes David Lyons for sun-sentinel.com. You buy it and move in.” The main house, which is on a lake, contains seven bedrooms, 13 baths and 23,817 square feet of inside and outside living space.He bought the estate in 1994 and acquired land to the north and south of the home in later years.Bidders…

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‘Million Dollar Listing’ star Ryan Serhant started his real estate career the day the market crashed

“My last paying gig before starting as a real estate agent that fateful day was as a hand model, holding phones for AT&T,” he says” writes Tom Huddleston Jr for cnbc.com. As it turned out, being a struggling actor was not so different from working in the real estate business during the financial crisis.The star of the new Bravo series “Sell It Like Serhant” began his real estate career on one of the darkest days of the financial crisis: September 15, 2008.Serhant had moved to New York City two years…

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Check whether your local government has special property tax discounts — you could be missing out on huge savings

“Say you buy a home for $200,000 and the local taxing body uses that value to compute your real estate taxes” reports washingtonpost.com. We have found municipal websites or taxing body websites are pretty good at giving out information, so start there.If you can keep the benefit, the taxing body would transfer the value from the old home to the new home.Samuel J. Tamkin is a Chicago-based real estate attorney.But in California, and in some other jurisdictions, the value the taxing body gives to that home can’t go up by more than, say,…

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Ask a real estate pro: Who is responsible for accidents at a condo’s social club?

“Under the law, the association has the duty to use reasonable care in making sure that no avoidable injuries occur” writes Gary M for sun-sentinel.com. Nor does the law make every injury someone’s fault because sometimes accidents just happen, despite every effort to the contrary.To be clear, the law does not require your community to be everywhere doing everything to make sure that no accidents happen — that is simply not realistic.Board-certified real estate lawyer Gary M. Singer writes about industry legal matters and the housing market at SunSentinel.com/business/realestate each…

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Brownstone Brooklyn home prices fell off a cliff in the first quarter

“The top 50 ranking of healthcare real estate owners include 34 health systems that collectively own $227 billion in real estate assets” writes Christian Bautista for businessinsider.com. Enhancing the Value of Hospital Real Estate | CBRE Hospitals and health systems control $1 trillion of owned real estate across the US. Out of that total, 42 percent are for inpatient facilities while 27 percent are for outpatient facilities.Large players own most of the hospital real estate in the country.The median price of a home in Brownstone Brooklyn (Boerum Hill, Brooklyn Heights,…

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