Real Estate Latest Blog

February home sales surged a bit, giving the worn out and beaten real estate industry that is managing to get by with whatever minimal sales they get. But will it last, that’s a totally different story for any gains in the economy are downplayed by other issues that continues to plague the whole economic picture. Jobless rates are at their highest and they continue to swell in spite of measures being put in place to augment the many faltering businesses. (more…)

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Do you know what happens if you die without a will? The courts will decide who will raise your children, manage your assets, inherit your possessions, and administer your estate. Heirs must usually agree on a court appointed administrator. If some of the heirs are mentally incapacitated, or under age, it gets unbelievably complicated. Add in children and spouses from previous marriages and it can become a seething pot of turmoil for your family.If your second spouse survives you, the children from your first marriage could end up with nothing. The courts may set aside assets to be given to the children when they come of age, that makes it impossible for your spouse to afford your current home or lifestyle.When there is no will and a couple dies together, the state may have to “decide” who died first. If one outlives the other, even by a few minutes, the relatives of the first to die can loose out completely.

Without proper organization your assets could go unnoticed or become lost and loved ones may not benefit from your years of hard work.

The transactions listed below include properties sold for $250,000 or more and recorded Oct. 29-Nov. 2.

Awendaw

Theresa M. Lufkin sold Lot 8, Block C, Phase I, Dupree Creek Lane, Big Paradise Island to John S. Popelka and William H. Barnwell III for $475,000.

Bulls Bay Cottages LLC sold Unit 2, 4410 Augusta Lane, The Cottages at Bulls Bay condos to Shipp D. and Kyone S. Harris for $535,000.

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Listing down the real estate properties for sale can be a depressing thing to do. Especially if you’ve been seeing the same property as unsold for the last few months. The list just keeps on getting longer and longer, and you’re wondering why it’s not selling.

According to Jennifer Allan, real estate broker, author and consultant, here are tips on making sure that what you sell won’t be sitting on the list forever:

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It’s pretty obvious by now that the US is suffering on the real estate market. However, like a proverbial silver lining, California Real Estate Commissioner Jeff Davi said:

“The market is cyclical, you know that,” he said. “There’s no quick fix. There’s no silver bullet.”

This was the strongest message he said yesterday in front of 300 members and guests of the San Diego Association of Realtors. As we reported last time, the city was one of the hardest hit by the market.

The commissioner also advises the vets to pair up with the greenhorn agents and that they should focus on the rising number of foreclosure properties because that is an opportunity for all.

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