Caveat Emptor for Vacation Home Buyers

The Latin adage, caveat emptor, which translates ‘let the buyer beware’ is exemplified by a recent article from the Inman News Service. It chronicles the tale of second home buyers who were sadly surprised when arriving for their first winter stay at a remote mountain cottage, that the fireplace insert they had assumed stayed with […]

Virgin Money USA Takes Wing

Look, up in the air, it’s a bird, it’s a plane, no it’s Richard Branson, piloting his new start-up, Virgin Money USA. In his new venture, daredevil adventurer, businessman, and philanthropist Branson has taken the plunge into the U.S. real estate market. For anyone who has followed Branson’s storied career, it should come as no […]

Flipping Homes is Not Such a Bad Thing

House flipping has been getting a lot of attention in the media lately, and most of it is definitely not kind. Many investors who took out multiple loans to purchase properties intending to flip them, ended up getting stuck when the market started to stall. Many of the properties purchased by these investors are now […]

Second Home Gyms

With more and more baby boomers swelling the ranks of retirees in the U.S., health-related home amenities are on the rise. Many of the newly retired boomers plan very active retirements and are choosing to live in communities that offer a wide variety of recreational activities. In many cases, they are outfitting their homes and […]

Tax Breaks from Second Homes

If you own or are buying a second home, you should be aware that, as written, current tax laws encourage second home ownership by allowing deductions for mortgage interest, property taxes and other expenses on vacation homes. The Washington Post offers a detailed look at how buying and owning second homes can result in tax […]