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Six home-improvement tools top must-have list

By Paul Bianchina, Friday, June 30, 2006.

Let's face facts. Guys love tools. They just do, and the cooler the better. So here are some brand-new offerings from some of the biggest names in tools:

Skil Cordless Drill--Car Combo (Model 2566-06; $69.99): OK, a cordless drill is not exactly new. But how about one that comes in a kit with a remote control car, so Dad can have some fun for a change?  more...

Trespasser may be granted legal use of your property

By Robert Bruss, Friday, June 30, 2006.

Not too long ago, a neighbor asked if I knew where our sewer and storm drains are located. He apparently wants to adjust the drainage on his property to drain into the public storm sewer drain, which I knew adjoins our lots.

After that brief conversation, I checked the legal description for my property. All it says is the city has a public utility easement along the northerly 5 feet of my property.  more...

Indonesian influence takes kitchen cabinetry to new level

By Katherine Salant, Friday, June 30, 2006.

Many homeowners have been known to lay awake at night, obsessing about the cabinet door styles, countertop materials and floor coverings for their new kitchen. Almost no one looses sleep over the drawer and cabinet door pulls, but this small detail can add a touch of magic, subtle nuance, playfulness or sass, as I discovered at the Kitchen and Bath Industry Show last April in Chicago.

The most unusual drawer and cabinet hardware was Gado Gado International's.  more...

Home prices threaten Fed balancing act

By Lou Barnes, Friday, June 30, 2006.

The latest mortgage run toward 7 percent has stalled ("retreat" is too strong) because of yesterday's shift in one Federal Reserve phrase: on May 10 economic growth was "likely to moderate"; but as of yesterday, "growth is moderating."

If so, then the inflation threat will also moderate, though with a lag of several uneasy months.  more...

Selling broker to broker

By Alison Rogers, Friday, June 30, 2006.

It dawned on me the other day that at a certain price point, it doesn't matter what I say to the customer at all.

For the starter apartment I've been selling, half my customers have come without brokers. They know very little about the home-buying process, and pose all kinds of eager questions it would never occur to a seasoned pro to ask.

But for the $8,000 luxury rental I've been showing, that isn't the case.  more...

Power network your way to 'endless referrals'

By Bernice Ross, Friday, June 30, 2006.

(This is Part 2 of a two-part series. See Part 1.)

If you rely strictly on a "by referral" model for your business, you are at the mercy of others in terms of when you receive referrals. If you want to take control of your lead generation, say goodbye to passive referral techniques and say hello to "power networking."

I recently spoke in San Luis Obispo, Calif., and had a five-hour drive each way from Los Angeles.  more...

Neighbor's plan for 'McMansion' may hit legal roadblock

By Robert Bruss, Thursday, June 29, 2006.

DEAR BOB: I own a two-acre lot in an area of mostly one-acre lots. A neighbor wants to buy a half acre from me so he can build what I call a "McMansion." He needs a larger lot to accommodate the size home he and his wife want to build. We don't mind because it won't be close to our house and having a highly valued house next to ours should enhance our home's market value. However, we don't know how to value a half-acre lot where there are no lots for sale. Also, what legal steps must be followed to deed a half acre?  more...

3 types of homes investors should avoid

By Robert Bruss, Thursday, June 29, 2006.

There are three types of real estate investment opportunities that should be avoided if profits are your main goal. Here they are:

1. AVOID BUYING HOUSES IN EXCELLENT CONDITION. Fortunately, the long-term trend for sound, well-located U.S. houses has always been up. But along the way, there are peaks, valleys and plateaus. "Are we in a real estate bubble?" is a question I am frequently asked.  more...

Washington state steps up fight against mortgage fraud

By Tom Kelly, Wednesday, June 28, 2006.

Last year, a mortgage broker in the Tacoma, Wash., area filed a false second lien against a property as it was headed to closing.  more...

Quick fixes for dryer lint problem

By Bill and Kevin Burnett, Wednesday, June 28, 2006.

Q: My dryer vent blows lint out onto my back stairs, which means I am always having to sweep them. Is there any way I can prevent this?

A: We can think of at least three ways to solve this problem. The one you choose depends on the location of the vent, the amount of work you want to do and the look when it's completed.

We assume that the vent cap is at or above the level of your stairway.

You can either move the vent or leave it in place and redirect the flow of air away from the stairs. Both jobs are relatively easy to do and inexpensive.  more...

Multiple sewer backups put city in hot seat

By Robert Bruss, Wednesday, June 28, 2006.

David and Suzanne McKenna own their home on Maybell Way in Palo Alto, Calif. Their residence suffered serious damage as the result of two backups of the city sewer serving their home.

After the first backup, their homeowner's insurance company paid to install a new lateral sewer pipe from the house to the sewer located in the street.

Purchase Bob Bruss reports online.

But about a month later, the sewer again backed up into the McKenna home.  more...

Wording makes big difference on real estate deed

By Robert Bruss, Wednesday, June 28, 2006.

DEAR BOB: Recently you had an item about how husband and wife should hold title to their home and other real estate. It motivated me to go to our safe deposit box to check our home title deed. It says we own our home in the name of "Mark or Victoria Lastname." No method of holding title, such as joint tenancy or tenancy in common, is specified. Do we have a problem? --Victoria W.

DEAR VICTORIA: Yes. As a real estate attorney, I can see many potential problems with the way you hold title to your home.  more...

Agents advise against home inspection for condo

By Barry Stone, Tuesday, June 27, 2006.

Dear Barry,

I need to know if home inspections are required for cooperative living units such as condominiums and townhouses. As a buyer, home inspection is listed as an option in my purchase contract, but my Realtor and the listing agent both say that a home inspection is unnecessary. They assure me that the property management company performed a thorough inspection before the property was listed for sale and that there were no problems with any of the appliances. Should I rely on this advice?  more...

First-timers find best lenders for real estate investing

By Robert Bruss, Tuesday, June 27, 2006.

The latest book from longtime real estate author Tyler G. Hicks, "How to Acquire $1 Million in Income Real Estate in One Year Using Borrowed Money in Your Free Time," is really about how and where to obtain mortgage money to acquire investment property.  more...

Gifting real estate may escape taxation

By Robert Bruss, Tuesday, June 27, 2006.

DEAR BOB: My son and his wife live in a free-and-clear house I own. He pays utilities and maintains the property. He proposes I add both their names to the title so that in 24 months we can sell the property and he would then purchase in his name only a more expensive home. My son says no tax will be due on such a sale under that $500,000 tax exemption rule you often discuss and the sale isn't even reportable to the Internal Revenue Service. I realize I would be passing on the value of the home to him but I am not confident of the tax situation. Is he correct?  more...

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