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Real Estate
The Real Estate Adviser |
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August 16, 2007
The Real Estate Adviser: Consider lease option in selling second home
By TOM KELLY
Special to the Journal
Special to the Journal
The sub-prime fallout has made once slam-dunk home loans more difficult to obtain. While some Puget Sound neighborhoods continue to be very active — exemplified by one Bainbridge Island home drawing nine offers in one day — other areas have slowed considerably.
In addition, the first notion of “back to school” already has hit many second-home owners who are beginning to schedule the “winterization” of the family cabin. Instead of going through another off-season with little use and significant maintenance, some owners will use the last few weeks of the summer season to show — and hopefully sell — the family getaway, raising for-sale real estate inventory levels in popular areas.
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Previous columns:
- The Real Estate Adviser: Exercise care when investing in raw land, 08-09-2007
- The Real Estate Adviser: More than two homes? Time for a tax check, 08-02-2007
- The Real Estate Adviser: Can't arrange a 1031 exchange? Try a TIC, 07-26-2007
- the Real Estate Adviser: Wait until escrow closes before taking a vacation, 07-12-2007
- The Real Estate Adviser: Adverse possession may mar your getaway, 07-05-2007
- The Real Estate Adviser: One man helped many to see senior housing niche, 06-28-2007
- The Real Estate Adviser: Lots to learn about the over-55 homebuyers, 06-21-2007
- The Real Estate Adviser: Father's Day brings up summer lake memories, 06-14-2007