Real Estate News

Business

Real estate Q&A: Can a board president thwart sale of your co-op?

Q: I inherited a co-op in a 34-unit building. I am not happy with the conditions and want to sell. The board president, who owns a majority of the units and rents them like a hotel, told me that I have to sell to him for a ridiculously low price. I told him that I would list it for market value and he laughed and told me that the "board" would never approve any buyer other than him. Does he have me over a barrel? – Bob

Real Estate News

New budget holds hidden tax benefits

Call it buried tax treasure for homeowners: Deep inside the behemoth 654-page bipartisan budget bill recently signed into law by President Trump are little-noticed extensions of key tax-code benefits that expired in 2016, but now can be used for upcoming 2017 tax filings.

Business

Bay Area residents want more housing, but –

Fed up with soaring prices that are increasingly putting home ownership, or even a decent rental, out of reach, Bay Area residents overwhelmingly say they want more housing built, according to a new poll. But it better not make their commutes worse.

Business

Real estate Q&A: Do rental tenants have to obey HOA rules?

Q: Our community has an association that is not a "paid" HOA; there is no board and no meetings. There are written HOA covenants that I believe should still be part of the property transaction on any home purchase. Many residents are completely unaware/don't care about the HOA rules. What options do I have to enforce the HOA rules, and do rental tenants also have to obey the HOA rules? – Vince

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Jose Iglesias jiglesias@elnuevoherald.com
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