News & Articles

The Financial Rewards of Buying a Condo for Your Kid's College Housing

Posted on Wed, Jul 13, 2016

With real estate prices recovering in many markets, it might make sense to buy a condo where your child can live during college. He or she can live there while attending school, and you can avoid "throwing away" money on dorm costs or rent for an apartment. If you buy a place that has extra space, you also can rent it to your child's friend(s) to offset some of the ownership costs.

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Tags: Real Estate Taxes, College Expenses, PAL, Second Home

Advice for Snowbirds Buying a Second Home

Posted on Mon, Dec 01, 2014
If you're contemplating buying a second home by the ocean, mountains or warmer surroundings, you're not alone. Approximately 717,000 vacation homes were purchased in 2013. That equals about 13 percent of the total homes bought last year -- their highest market share since vacation home purchases peaked in 2006, according to the 2014 Investment and Vacation Home Buyers Survey published by the National Association of Realtors (NAR).

Unlike traditional home sales, which generally slow down during the holidays, the prime seasons for buying and selling vacation homes are fall and winter -- when snowbirds flock to warmer weather and ski bunnies head to the slopes. Before you dive into vacation home ownership, here are some financial issues to consider.

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Tags: EHTC Article, Vacation Home, Advice, Newsletter, Articles, Taxes, Second Home