How Buyers Can Stand Out in a Multiple-Offer Market

A Beverly Hills home listed at $2.5 million and sold within 10 days at $100,000 over asking price with multiple-offers. A bank real estate-owned property listed at $4.9 million and received 21 offers—some were $250,000 over asking price. Far from exceptional, homes throughout Los Angeles’ Westside regularly receive five to seven offers. With low inventory…

Your Place: When Project Instructions Don’t Help

(MCT)—Cartridge faucets use up-and-down motion to regulate water flow and left-right motion to control temperature, their makers say. A faucet with two handles turning 90 degrees can be a cartridge faucet. If such a faucet drips, you can replace the cartridge. YouTube videos show the repair steps. Yet as one reader found, not all faucets…

Don’t Forget RESPA/TILA Changes Are Coming

In all the excitement over the qualified mortgage, qualified residential mortgage, and Basel III capital rules, as well as the introduction of GSE and FHA reform, it is easy to forget that a major rule still remains to be finalized—the RESPA/TILA harmonization rule. Some may have forgotten the 1,100-page proposal, but the Consumer Financial Protection…

Realogy CEO: ‘Tea Leaves’ Say Real Estate on Path to Sustainable Recovery

Taking a research-packed deep dive into the real estate recovery, Realogy Franchise Group President & CEO Alex Perriello kicked off RISMedia’s 2013 Real Estate CEO Exchange with a State of the Industry Address: “The Road to Recovery: How Far We’ve Come, What Has Changed, and What Lies Ahead.” As Perriello explained to the audience of…

Sources of New Home Sales Financing

While the sources of finance for new home sales have changed noticeably since the start of the Great Recession, cash sales remain more common for existing homes compared to new construction. According to data from the Census Bureau’s Quarterly Sales by Price and Financing, the onset of the housing crisis in 2007 led to a…

Great Spaces: An Inside Look at a Wowing Connecticut Custom Contemporary

Hidden in the quaint town of Easton, Conn., sits this unique custom-built contemporary, designed by architect John Newman and inspired by Frank Lloyd Wright’s “Fallingwater” home. Just a little over an hour away from New York City, this six-bedroom, nine-and-a-half-bathroom home contains a breathtaking 800 x 400 square-foot atrium, three-story windows, and steel, stucco and…

How to Reduce the Biggest Expense of Your Life: Taxes

Taxes account for the most expensive burden you’ll experience in your lifetime, says engineer-turned-independent financial planning coach Rao K. Garuda. In addition to federal, state, city and death taxes, there are 59 other varieties. Relatively few taxes, however, account for the bulk of the burden on citizens, says Garuda, whose clients include retirees, people planning…

Great Spaces: The Biggest Loser Star Lists Hollywood Hills Home

Trainer and notorious toughie Jillian Michaels of “The Biggest Loser” recently listed her Hollywood Hills West home for $2.45 million. With three bedrooms and 3.5 bathrooms, the contemporary home, built in 2000, features a swimming pool and an attractive open floor plan. Shockingly enough, there is no home gym. Listed for: $2.45 million Copyright© 2013…

Summer Fun in the Sun

Keeping children safe is a top priority for parents year-round, but the hot summer sun adds a myriad of additional safety concerns to consider. To beat the heat, parents can create fun indoor activities for their children to avoid heat exhaustion and limit UV exposure. Parents should pull down their window coverings to both help…

Yard Safety 101: The Mower

Even the most careful of parents may not realize that there is danger lurking inside of the garage. Surprisingly, the lawn mower is one of the most dangerous household tools. According to the American Academy of Pediatrics, each year 68,000 people are treated in the emergency department for lawn mower related injuries, and 9,400 of…

Cool It: Tips to Avoid AC Repair

Continuously running an air conditioning unit during the summer can send homeowners calling for AC repair. Take the following advice to prevent your unit from getting overworked: One of the most common problems is a poor refrigerant charge. A home that has a unit that is constantly running, but isn’t getting cool may have a…

Q: When Is the Best Time to Refinance?

A: Many people flock to refinance while mortgage interest rates are low, particularly when rates are about two percentage points below their existing home loans. Other factors, like when to finance, will depend on how long you plan to hold on to your home and whether you have to pay considerable fees to refinance. It…

Q: How Can I Finance Work Needed on a Fixer-upper?

A: According to the Millennial Housing Commission, few lenders are willing to administer home improvement loans. Most prefer to make home equity loans or unsecured consumer loans because they are easier to manage.  Home improvement loans usually require inspections and irregular draws on the loan amount as work is completed, which requires regional or national…

8 Tips for Unplugging on Vacation

You have your iPhone, your BlackBerry or your Android. You have your laptop or netbook with WiFi. It’s hard enough to unplug for the weekend, let alone an entire vacation, but for your own sanity and even that of your coworkers, you need to. There’s no reason to take a vacation only to spend it…

7 Ways to Cut Cost on Airfare

By Barbara Pronin Frequent flyer miles aside – because, as many of us have learned, they may not be available when we need or want them – there are other ways to ensure you get the best possible price on air travel. From Scott Gamm of TheStreet.com, here are five ways you can try: Talk…