Increased Burglaries in Luxury Staged Properties

Staging properties is becoming very popular but be careful you don’t attract theives.

Mansion for Sale

Cindy, over at Stage 4 More blog, has a warning for those of us who are selling luxury properties.

 

 

She’s a professional stager which means she goes in and prepares the property as a package for selling.  This is often done with rented furniture and accessories which can be quite expensive if bought or replaced.

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Should We Keep Our Hands Off Properties Being Lost by Senior Citizens?

The current downward real estate market has caught a lot of these seniors by surprise as they struggle to pay very high interest rates on sub-prime loans with limited incomes.

Senior citizen holding her Bible

Older homeowners are now using reverse mortgages to avoid foreclosure.

A surprising number of senior citizens over 60  still  owe on their homes and the numbers have risen to a whopping 22 percent. 

The  current downward real estate  market has caught a lot of these seniors by surprise as they struggle to pay  high interest rates on sub-prime loans with limited incomes.

This brings up a  touchy subject with a lot of real estate investors and lenders.

When do you take a hands off approach to investing in such properties?

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How to Avoid Real Estate Transaction Minefields in 2008

How can we stay ahead of major changes in how real estate transactions will be done in 2008?

How can we stay ahead of major changes in how real estate transactions will be  done in 2008?

 

Being forewarned is forearmed.  We need to read and learn so we can avoid the minefields many unwary buyers and sellers will find themselves trapped in. And according to the experts, there are many.

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Senior Citizens Going Back to Work to Pay Off Property Taxes

I’m appalled that a 76 year old lady on a walker has to work off her property taxes just to stay in her home.

Senior Citizens are being forced to work off property taxes in some cities.Folks, we need to get control of the property tax issue once and for all.  Here’s another reason why.

 

Senior citizens in Greenburgh, N.Y. are having to go to work for the town in order to pay off their property taxes.

 

Greenburgh is located in Westchester County, which is now #3 in the country for the most expensive property taxes.

 

Too many of Our Greatest Generation across the country are being forced into reverse mortgages to pay off the taxes and now there still isn’t enough money to go around.

 

So  officials like  Town Supervisor Paul Feiner are pushing the concept that the seniors want to work and should be given the opportunity to pitch in- at a very reduced wage, starting at $7 per hour.

 

So we have older ladies like Audrey Davison, 76, who’s on a walker and suffers from arthritis and sciatica going to work as a receptionist because that’s a job she can do sitting down.

 

I’m appalled.

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The Mercedes I Didn’t Get for Christmas

Santa didn’t bring me the new sleek silver Mercedes. Am I disappointed?

Is there a Mercedes in your real estate investing future

I had that Mercedes dream again Christmas Eve night.

The one where I’m driving my brand new Mercedes down the interstate and I’m admiring how my new ultra sleek automobile handles the road and all. It was a silver one this time, I believe.

 

Then,  as in all my previous dreams, I realize it’s only a rental.  That “e” for Enterprise on the back embarrasses me and I always wake up at that point.

 

Santa didn’t bring me one.  Am I disappointed?

 

Not in the least.

Sure, I’d like to have one. Who wouldn’t, but getting it isn’t my goal for 2008.

 

A Mercedes, or any car like it, would be what I like to refer to as a “goal runoff”.

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