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Oct

27
2011

Agent takes commission hit to close short sales

By Inman News, Thursday, October 27, 2011.

Re: 'Don't sell yourself short on real estate commission' (Oct. 24)

Dear Editor:

I agree with this article, but recently I have been faced with cutting my commission because the owners/sellers need as much from the house sale just to break even. So I won't lose the sale, I take (the commission) at a lower percent, but I take the hit and not the real estate company, which I also don't find as fair.  more...

Oct

19
2011

Be neighbors with Vice President Joe Biden in $6.9M mansion

By Curbed.com, Wednesday, October 19, 2011.

Location: Washington, D.C.
Price: $6.9 million
The Skinny: This Hacienda-style house might look like something out of the Spanish countryside, but it actually sits next to the vice president's mansion on the grounds of the Naval Observatory in Washington, D.C. The $6.9 million mansion hit the market back in April -- when our colleagues at Curbed DC took a look -- with just a few pictures of the innards, but it has since opened up about its wonky interiors.  more...

Oct

11
2011

SUV write-offs go against grain of 'green' energy

By Inman News, Tuesday, October 11, 2011.

The idea that Congress permits greater write-offs for gas-guzzling SUVs while at the same time promoting smaller usage of fossil fuels is stupidity at best, and cronyism with the auto manufacturers at worst.

This credit flies in the face of logic, and shows how Congress favors special interests -- whether it is in the national interest or not. No wonder Congress is held in such ridicule.  more...

Martha's Vineyard estate up for auction

By Curbed.com, Tuesday, October 11, 2011.

Location: Edgartown, Mass.
Price: To be determined. (Last listed for $9.35 million.)
The Skinny: The Martha's Vineyard whaling village turned blue-blood enclave of Edgartown, Mass., is a showplace for classic New England coastal architecture, with plenty of shingle and widow's walks, but the most desirable real estate is determined by location, not architecture.

This 0.19-acre estate on the coveted inner harbor waterfront has been on the market for several years without garnering a sale, and now the owners are getting restless. After more than 80 years of family stewardship, they've moved to auction the property. Owners of the six-bed, five-bath mini-compound will begin accepting bids Oct. 22, with the auction set to close a week later. Will the rare waterfront swimming pool be enough to drive bidding close to the previous $9.35 million asking price?  more...