Buy a holiday home in sunny Aruba
Buy a holiday home in sunny Aruba
Posted 3 months ago

Aruba, one of the few Caribbean islands generally considered outside the hurricane belt, has struggled to recover from the global real estate crisis of 2008, when home prices fell anywhere from 15 percent to 40 percent, though there have been some gains in recent years, agents said. “The market was…

Buy a holiday home in sunny Aruba
Did we lose these tax breaks in 2017
Did we lose these tax breaks in 2017
Posted 3 months ago

For millions of moderate-income homebuyers, there’s an important money-saving question looming in 2017:  Will Congress reinstate deductions for mortgage insurance premiums as part of its overhaul of the federal tax code? Depending on your situation as a buyer or owner, it could mean thousands of dollars in tax write-offs. Mortgage…

Did we lose these tax breaks in 2017
Is Tiny Home a good choice for you
Is Tiny Home a good choice for you
Posted 3 months ago

Tiny home neighborhoods are slowly starting to pop up across America. While tiny homes are still widely illegal in the U.S. because they often don’t meet zoning and building standards, some cities are changing ordinances to allow the downsized dwellings — and even developing entire communities. Tiny homes are usually…

Is Tiny Home a good choice for you
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Buy a holiday home in sunny Aruba

by Property Management Software on January 1, 2017

Aruba real estate

Aruba real estate

Aruba, one of the few Caribbean islands generally considered outside the hurricane belt, has struggled to recover from the global real estate crisis of 2008, when home prices fell anywhere from 15 percent to 40 percent, though there have been some gains in recent years, agents said.

“The market was doing very well until this year,” Mr. Hasham said. “The real estate market has slowed down in 2016, and we’ve noticed it at all the real estate offices on the islands,” which also include nearby Bonaire and Curaçao.

Compounding problems have been an ongoing recession in neighboring Venezuela; a loss of value in the Canadian dollar; and the recent presidential election in the United States, which has prompted potential home buyers to hesitate, agents said. Those three countries supply the bulk of foreign home buyers in Aruba, they said.

“The market has been better in recent years, but not much better,” said Muna Habash of MPG Aruba Real Estate.

Aruba is “very much a buyers’ market now,” said Walter Zephirin of Seventh Heaven Properties. The average price per square foot in Aruba is roughly half that of luxury destinations such as Anguilla or Turks and Caicos, he said.

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Did we lose these tax breaks in 2017

by Property Management Software on January 1, 2017

Real estate tax breaks

Real estate tax breaks

For millions of moderate-income homebuyers, there’s an important money-saving question looming in 2017:  Will Congress reinstate deductions for mortgage insurance premiums as part of its overhaul of the federal tax code?

Depending on your situation as a buyer or owner, it could mean thousands of dollars in tax write-offs. Mortgage insurance premiums are charged by lenders when borrowers make less than a 20 percent down payment. In one form or another, they are an integral part of all Federal Housing Administration, Department of Veterans Affairs and low-down-payment loans eligible for sale to investors Fannie Mae and Freddie Mac. During the past year, 43 percent of all home purchases were made with down payments of 5 percent or less, according to analytics firm CoreLogic — often by millennials, first-timers and minority buyers.

The insurance premiums compensate lenders and bond investors for the added risks associated with small down payments, and they often range anywhere from $100 to $200 or more a month. Under current law, these premium charges can be deducted on eligible borrowers’ income tax filings, along with mortgage interest. During 2014, the most recent year for which the IRS has statistics, mortgage insurance premium deductions were claimed by 4.2 million homeowners. Since the right to take full premium write-offs is restricted by law to borrowers with incomes of $100,000 or lower, the benefit is targeted at nonwealthy families and is off-limits to everybody else. Roughly 40 percent of all taxpayers who filed for the deduction in the latest year had incomes of less than $75,000.

How did this tax break work? CLICK HERE

Is Tiny Home a good choice for you

January 1, 2017

Tiny home neighborhoods are slowly starting to pop up across America. While tiny homes are still widely illegal in the U.S. because they often don’t meet zoning and building standards, some cities are changing ordinances to allow the downsized dwellings — and even developing entire communities. Tiny homes are usually defined as those between 200 […]

Read the full article →

Real Estate godfather offering reverse mortgages

December 31, 2016

He is known in China as the “godfather of real estate,” helping lay the groundwork for private homeownership in China, a move that enriched millions and laid the foundations for a vibrant and thriving Chinese middle class. Now, Meng Xiaosu wants a lot of Chinese — the older ones, specifically — to cash out. Older […]

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Top cities for first time homebuyers

December 31, 2016

It’s becoming harder to get started on the American Dream of homeownership. Some eight years after its worst collapse since the Great Depression, the housing market has recovered in much of the country, with prices approaching peak levels set a decade ago. But the supply of affordable houses available for first-time buyers remains tight, leaving […]

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2017 forecast of home building

December 31, 2016

At face value the numbers make no sense. A monthly survey of homebuilder confidence in December released Thursday from the National Association of Home Builders spikes to the highest level in 11 years. The one-month move, entirely attributed to Trumponomics euphoria by NAHB executives, was the biggest in 20 years. One day later, the monthly […]

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Looking to purchase a home

December 31, 2016

Mortgage rates have been heading higher since the presidential election, and they are already pricing some buyers out of the housing market. There is a way to get some of those buyers back in, if they are willing to take a little risk. The average rate on the popular 30-year fixed is at its highest […]

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Tips on lowering mortgage rates

December 31, 2016

Mortgage rates took a big leap after the presidential election and are continuing to move higher. Demand for homes is strong, but home prices are hitting new highs and affordability is weakening. For the average buyer who was thinking about getting into a new home last summer, but didn’t, the monthly payment on that same […]

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Some Simple Ways to Connect with the Property Owners

December 19, 2016

  Connect with the Property Owners A property manager is not only responsible for managing tenants but owners as well. In fact one of the main tasks of the property manager is to take care of the assets of property owner and develop business relations with them keeping long time period in mind as success […]

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Security Deposits

December 19, 2016

  Security Deposits A recent survey shows that 1 in 4 tenants do not receive their security deposit back after they have vacated the unit. The reasons for this may vary from tenant to tenant but another survey shows that out of such tenants 36 percent of them never received the reasons for which their […]

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