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Industry News (click the headline to read the full story)
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What's Up Doc?
In almost every article I write, it seems I'm always talking about the governing docs.What are these governing documents, and why do they get brought up all the time? Well, they are the foundation, the basis for Board decisions that have to do with your property. NRS 116 governs how all Common Interest Communities operate (well, most communities). The Governing Docs dictate the specifics of your
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Your Real Estate Choices Today Will Matter Later
Decades from now when you retire, you are going to take a look at your income and assets to see if you will be living a comfortable retirement. One big portion of your retirement picture will probably relate to real estate. You may have paid off a home, and/or rental properties; and that would be great! Or you may still be paying a fairly large amount on your home mortgage or paying rent each month to a landlord.
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What's Hot and Not in Home Styles This Year
Modern gets the thumbs up. Spa-like and eco-sensitive, the "New American Home 2012" being unveiled in Orlando by the National Association of Home Builders in conjunction with the International Builders' Show, is a warmer take on the classic "White Box" of mid-20th century modern design."A lot of people want a spa feeling and a spa look that's very analogous to modern," said Luis Juaregui, a Texas-based
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New American Dream Is Renting to Get Rich
Rich Arzaga owns a luxury home in San Ramon, California, but he's not betting on it as an investment. The founder and CEO of Cornerstone Wealth Management, who bought the 5,000 sq. ft. property in 2005 for $1.8 million and has spent $500,000 improving it, considers the abode a wonderful place for his family. But ask him to rate his home -- or any home, for that matter -- as a financial investment, and Arzaga balks."It's
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Securing a Rental After Losing Your Home
If you are in the unfortunate financial position where you are losing your home due to foreclosure or short sale, your credit score is probably going to take a pretty hard hit. In "normal times," this could make it really tough to rent your next place of residence. Luckily, these are not "normal times" and most landlords are understanding of renters' financial distress. (In fact, many landlords themselves may have experienced
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It's a Size Thing: Closets
Luxury home aficionados and voyeurs know that walk-in closets are a given in any modern or updated high-end property. Many mansions and penthouses have closets larger than the footprint of entire apartments rented by the non-rich-and-famous (ahem).That said, two of the most coveted closets are improbably located in apartments in New York City, where even decent-sized closets are rare. One of these closets belongs
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