Rodkin on All-Cash Home Purchases
Readers ask questions, and our real estate expert answers. This week, a reader named Jennifer from Hyde Park asks about homebuyers who pay in cash.
Readers ask questions, and our real estate expert answers. This week, a reader named Jennifer from Hyde Park asks about homebuyers who pay in cash.
List Price: $898,000
Sale Price: $800,000
The Property: The theatrical façade of this 12-room house in the East Highlands neighborhood of Naperville reminds me of the Alamo—or what that Texas landmark might look like if renovated into a single-family home…
An unfinished 15,000-square-foot home goes for less than the cost of the site
Developer’s improvements assist him and current condo owners
Two investors recast a boom-years ploy for today’s down market
List Price: $6.495 million
The Property: On a bitterly cold day, a welcoming home can transport visitors to a better place. At this Lake Forest estate, that place is an idealized version of India in the 1890s. The home’s entire central hallway, about 25 feet long, is papered with a Zuber wallpaper panorama called Hindustan that was installed when the home was owned by the family of William A. P. Pullman, from 1926 to 1992…
It’s a sign of simmering frustration over the housing crisis—now in its second half-decade—that Jamie Dimon, one of the nation’s top bank executives, complained last Friday that “there is no one really in charge” of fixing the problem. “It is just kind of sitting there,” he said. The Obama administration also signaled this week that it hasn’t done enough to help homeowners…
Readers ask questions, and our real estate expert answers. This week, a reader named Mike from Beverly asks if PMI is becoming a trend when refinancing.
BRING BACK THE BOOKS: Homeowners remove hot tub in $5 million Uptown home
List Price: $1.299 million
Sale Price: $1.5 million
The Property: Trusts in the names of the two daughters of the financial whiz and philanthropist Richard Driehaus have sold a storybook-style Italianate Victorian that they had owned since 2001…