Agent's Commercial Property Sale on eBay Includes a Bank

Give it to central Indiana real estate agent Jeanne Clarkson for thinking outside the lockbox. The former eBay power seller has packaged three buildings and posted them to the popular online site where the public can buy just about everything -- including, thanks to her, a bank building in the town of Anderson, Ind. ... Continue Reading »

House of the Day: Living Large at the Jersey Shore

Thought Snooki and her partners cornered the market on conspicuous consumption? Then you haven't seen this Jersey Shore mansion. With 22 rooms, a 15-car-garage and 650 feet of beachfront (provided Hurricane Irene didn't do any re-landscaping), the place gives the reality-TV cast a run for their booze-soaked bills. ... Continue Reading »

House of the Day: Detroit Gem in Need of Polishing

Flipping through the Detroit MLS these days produces some sad-trombone listings, but we keep coming back to a 10,395-square-foot baronial Tudor listed for $759,000. Since not even the Motor City can stay woeful forever (that's our inner Pollyanna speaking), we decided to feature what appears to be a steal. Yes, it is ... Continue Reading »

House of the Day: A Sparkling Waterfront Condo for Much Less

Many investors have Miami Beach in their sights, so we thought we'd do a little bargain-hunting ourselves. We turned up this uber-sophisticated 20th-floor condo on Miami Beach's Millionaires' Row with a price tag of $1.2 million. At the market's peak, it would have been listed at least 30 percent more. ... Continue Reading »

College Town Real Estate Investments Score High Marks

The closest thing to a sure bet in real estate may be going to college. Investments in college towns -- places where the community is shaped by a university's presence -- have done well while other niches in the housing market have, for the most part, fallen off the Dean's List. It comes down to the basic law of ... Continue Reading »

House of the Day: Where the Deer and Antelope Play

While it doesn't carry a price tag quite as mind-blowing as its neighbor (nearby Jackson Land and Cattle Ranch is listed at $175 million), this $100-million ranch near Jackson Hole, Wyo., known as "Walton Ranch," still is certainly one of the most expensive properties on the American market. The 1,848-acre property ... Continue Reading »

Watch: When to Pay Off the Mortgage Early

While paying down the mortgage is undoubtedly one of the largest financial burdens many Americans have to contend with, it's certainly not the only long-term investment homeowners need to consider. This is particularly true for homeowners nearing their 60s, for whom financial investments made today can have a lasting impact ... Continue Reading »

Pay Off Your Mortgage Early? It Depends

Not that long ago, people bought one house and stayed put in it. After 30 years, they owned it free and clear, and this was a good thing, so went the thinking. Some folks celebrated with a mortgage-burning party, where they took a match to their mortgage papers and rejoiced. Then along came the housing boom years, and ... Continue Reading »

Tempted to Invest in Real Estate? Read This First

With home values depressed and interest rates low, a lot of folks are beating the drum for real estate investment. "Record affordability provides rare window of opportunity," announces a recent Inman News report on the hottest investment markets. "Housing is back -- beat the crowd!" urges Fortune magazine. Don't get left ... Continue Reading »

House of the Day: Iconic Redwood Grove Lists at $8.75M

The iconic Garberville estate known as Redwood Grove, designed in 1926 by Hearst Castle architect Julia Morgan, has come on the market at $8,750,000. Located in Northern California's Humboldt County, the 5,416-square-foot home has been meticulously restored over the past four years with great attention to its ... Continue Reading »

Investors Prop Up Real Estate Market

Want to know who bought that house up the street? Chances are, it was an investor. Real estate investors are buying three homes for every one house bought by someone for their personal use, according to a Move.com study released today. And it's a pattern that's likely to continue in the next two years. Today's ... Continue Reading »

House of the Day: The Hamptons in Beverly Hills, $10.9 Million

What's a Hamptons' style Cape Cod doing with a Beverly Hills address? This $10,900,000 listing, not yet in the MLS, is a rare bird come these parts. But a lovely bird it is, with almost 8,000 square feet on a perpetually sunny large lot. Must be why this one migrated west. The main floor features a generous living room ... Continue Reading »

All Cash Deals: Why Rich Homebuyers Don't Borrow

California has hit a record for buyers striking all cash deals for houses, particularly on the ultra-high end. Apparently, some 31 percent of all buyers in California paid cash -- and the higher up you go in the price category, the greater that percentage. For example, 62.2 percent of people buying homes worth at least $5 ... Continue Reading »

Monopoly Board Game Sells for $146K

The oldest known Monopoly board game has sold for $146,500. Now that's a real estate deal. The Strong National Museum of Play in Rochester, N.Y., acquired the antique version of the popular real estate board game as the highest bidders at a Sotheby's auction in late December. ... Continue Reading »

U.S. Home Sales Up -- to Australians

U.S. home sales are sagging -- but not with Australians, mate. "For the cost of a new car in Australia, you could own a home in the U.S.A," says Australian real estate agent Vincent Selleck (pictured left), who is on a campaign to recruit buyers from his country to invest in American homes that they can open up as rentals. ... Continue Reading »

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