Things to do when your mortgage is paid San Francisco Chronicle, USA - Your lender recorded that document among the land records in the county where your property is located. Now that you have paid off your loan, ...
Lovers of real trees can get one home-grown in Colorado Longmont Daily Times-Call, CO - But while the number of people buying fake trees is rising, for some, the holiday season isn?t complete without a real tree ? the fun of picking one out, ...
Straight from the factory San Diego Union Tribune, CA - But not everyone is pleased with their solution: buying a factory-built house instead of building a traditional ?stick-built,? or lumber-framed, ...
Fort Mill residents wary of bypass Rock Hill Herald, SC - County officials considered buying the land but said it would be too expensive, so they began redrawing the road around the subdivision. ...
Enclave on Tampa Bay faces uncertain future Sarasota Herald-Tribune, FL - Steve Tyndal, senior director of trade development and special projects for Port Manatee, confirmed that the port has been buying land on Piney Point Road, ...
Is this the right time to buy a property? South China Morning Post (subscription), Hong Kong - This is because as demand for home buying declines, people will shift to rented homes. Given the likelihood of further downward adjustment, home seekers ...
Historic house key in activist's dreams Shreveport Times, LA - Dec 6, 2008 He'd like to see Hardy succeed with his dreams of buying the house from him and his daughter and restoring it. Hardy fell in love with the house when he ...
New homes within reach HeraldNet, WA - They had both seen clients priced out of home buying when prices skyrocketed, Dawson said. The two men decided to join up and started Dawson Lane RCI with ...
Real Talk Sedona.biz, AZ - Dec 6, 2008 If you are buying a home as an investment, that you eventually want to move into, rentals are going to be more in demand as loans are harder to get. ...
Source: Google News
Recent News and Articles on the Keywords: buying + land + home Related to the article below (Last Update: 8/4/2008)
Benefits flow from home ownership The Australian, Australia - So to be able to purchase a home and to have a piece of land that's your very own, it gives you a sense of belonging and identity." The report says home...
Land trust ?a labor of love? for real estate agent Centre Daily Times, PA - The land trust helps to reduce the cost of buying a home by ?splitting? the ownership of the property. The organization buys land and housing together, ...
US property dream has turned into a nightmare Telegraph.co.uk, United Kingdom - Another estate agent says some sale prices are being inflated by buy-to-let investors but "the investment market is difficult because you need 25pc to 30pc ...
Big Creek Golf LLC Buys Millington Land Memphis Daily News, USA - Big Creek Golf LLC paid $1.2 million for the lots and land, buying it July 28 from Tapp Enterprises Inc. Big Creek?s ownership group, which bought the ...
A battered Beazer holds on Atlanta Journal Constitution, USA - ...home builders because of its substantial land holdings and debt. "They got started late in terms of entering the growth phase and buying land," he said. ...BZH
It Ain't That Hard Folks! El Dorado Hills Telegraph, CA - If home prices are down, and mortgage rates are still extremely low, why would this be a bad time to buy a home? For those of us in touch with reality, ...
Technology corridor may shift Knoxville News Sentinel, TN - Land banking involves buying land and holding it until a development opportunity arises. "I think in concept it's a pretty good idea, but it means you have ...
Source: Google News
Desh-Bidesh: Sylheti images of home and away K Gardner - Man, 1993 - JSTOR ... To buyland today, foreign income is crucial. ... those with access to foreign wages
have vastly increased buying power. ... Remittances bought more than just land. ...
Home, Home Ownership and the Search for Ontological Security - A Dupuis, DC Thorns - The Sociological Review, 1998 - Blackwell Synergy ... Pakeha (European) settlers to lease and buyland for farming ... given by the state for
rural land ownership and ... gradually extended to include urban home ownership ...
Land Regulation and the Price of New Housing Lessons from Three California Cities JD Landis - Journal of the American Planning Association, 1986 - informaworld.com ... Management: Estimates of Metropolitan Area Buying Power. ... slow the general rate of
rural land conversion by ... densities and to redirect new home construction from ...
The value of open spaces in residential land use - J Geoghegan - Land Use Policy, 2002 - Elsevier ... regions, or they can explicitly buy parcels of ... of offers and bids for residential land, economic theory ... demonstrate the trade-off between buying more area in ...
[CITATION]Home ownership and family wealth in Japan Y Hirayama, K Hayakawa - Housing and Family Wealth: Comparative International …, 1995 - Routledge -
Chain Migration, Ethnic Neighborhood Formation, and Social Networks - JS MacDonald, LD MacDonald - Milbank Memorial Fund Quarterly, 1964 - JSTOR ... motives which led them to leave home and also ... to their birthplace with money to buy land and a ... Moreover, his clients were buying con- tinuing protection from a ...
[BOOK]Land of Hope: Chicago, Black Southerners, and the Great Migration JR Grossman - 1989 - University Of Chicago Press -
[CITATION] Transitivity and Objecthood in Japanese N Sugamoto - Studies in Transitivity, 1982 - Academic Press -
Source: Google Scholar
Big drawbacks of buying home on leased land
By Bob Bruss
August 09, 2006
DEAR BOB: We are considering buying a retirement home in a very nice new golf course development near where we frequently vacation. However, we learned the houses are on 99-year land leases. Although we don't plan to be around when the lease expires, won't that hurt the value of the homes as they become older? Are there any advantages or disadvantages? --Connie S.DEAR CONNIE: That 99-year land lease is a great deal for the developer, but not so good for the home buyers. The reason is at the end of the 99 years, title to the houses reverts to the landowner.
As you can see, the market value of the houses will decline as the 99th year approaches.
However, if the 99-year land leases contain an option for the individual homeowners to buy the land beneath their houses, that makes them much more attractive for several reasons.
The major reason is your land-lease payments then become tax deductible, just like interest. But another reason is most people want to own the land under their home. Please consult a local real estate attorney to review the documents before getting involved.
UNLESS LAND TITLE IS IN A LIVING TRUST, PROBATE IS USUALLY REQUIRED
DEAR BOB: Four of us own a valuable piece of land that we want to sell in the next year or so. The problem is one owner is very ill and will probably die in the next few months. Is there any way to avoid having her share tied up in probate court so title can be transferred to her heir quickly after her death? A problem, however, is she has Alzheimer's and doesn't understand what's going on --Lucie R.
DEAR LUCIE: Presuming you hold title as tenants in common, not as joint tenants with right of survivorship, her share will pass in probate court according to the terms of her will.
Or, if she holds her share in her living trust, then probate court action is not required after her death and her successor trustee can easily transfer her share of the land to whoever is named in the living trust.
Unfortunately, because of the Alzheimer's disease, it's too late to create a living trust for her now to avoid probate. For more details, please consult a local probate attorney.
MUST LANDLORD REFUND SECURITY DEPOSIT BEFORE MOVE-OUT?
DEAR BOB: Is there a law requiring a landlord to refund the tenant's security deposit after a number of years of occupancy? I have never heard of such a law, have you? --Gus G.
DEAR GUS: No. But landlord-tenant law is controlled by state law. Although I try to keep up on new real estate laws, I have not heard of any state which requires landlords to refund tenant security deposits before the tenant moves out. If any reader knows of such a state law, they will surely let me know and I will pass on the information.
The new Robert Bruss special report, "Pros and Cons of Today's Five Best Real Estate Profit Opportunities," is now available for $5 from Robert Bruss, 251 Park Road, Burlingame, CA 94010 or by credit card at 1-800-736-1736 or instant Internet delivery at www.BobBruss.com. Questions for this column are welcome at either address.
