House Couple Was Buying To Tear Down Over Fire Hazard Concerns Catches Fire While They Sign Deed

House Couple Was Buying To Tear Down Over Fire Hazard Concerns Catches Fire While They Sign Deed

Sometimes, bad things happen pretty much exactly when you’d expect them to, in a bit of unfortunate happenstance. Does it make you mad? Yes, maybe, but it was just meant to be. To wit: a couple in Pennsylvania who were buying a vacant house next door to tear it down because they were worried it was a fire hazard were proved correct when the home did, indeed, catch on fire… while they were signing the papers to become the owners. [More]

(Rockford Investments)

Create A Delicious Dessert, Win California Woman’s $390K Home

In the latest string of popular “create something, win huge reward” contests, a California woman is offering up her refurbished 1906 Craftsman home — valued at $390,000 — to the person who can come up with a winning dessert recipe. [More]

(tinakugler)

In India And China, You Can Buy Your Next Home Without Leaving Home

Depending on how you feel about the way real estate works now, the idea of sticking a house in your Internet shopping cart and clicking “Buy” may or may not appeal to you. Advances in technology mean that you can buy a new house without even going outside, and get a discount for doing so…in India. [More]

Sears-Affiliated Real Estate Investment Trust Raises $1.6 Billion

Sears-Affiliated Real Estate Investment Trust Raises $1.6 Billion

If you’ve always secretly wanted to be the partial landlord of a Sears or Kmart store, you have some unusual and specific life goals. You can also achieve your goal as of this week. The real estate investment trust spun off from Sears Holdings, Seritage Growth Properties, is now selling shares to the public, and the offering has been successful so far, raising more than $1.6 billion. [More]

(Jeremy_Schultz)

NYC Apartment Owner Suing Co-Op Board After 16 Years Of Waiting To Move In

Anticipation can be a heady thing, a mix of optimism and suspense, with the knowledge that eventually, you’ll get what you’re after. But one New York City co-op owner is likely past the stage of simple expectation, after waiting 16 years to move into an apartment that cost him millions. [More]

(Dru Bloomfield - At home  in Scottsdale)

Airbnb Partners With Realtor.com To Show Potential Homebuyers What A Neighborhood Is Like

You can try out a mattress before you buy it, test drive a car or ask for a frozen yogurt sample before you buy, so why not a house? That’s the niche Airbnb and Realtor.com are trying to fill with a new partnership that lets potential homebuyers try out a neighborhood before they make the big decision to move there. [More]

RadioShack Sells Last Thing Of Value It Owns: $50 Million Worth Of Property

RadioShack Sells Last Thing Of Value It Owns: $50 Million Worth Of Property

In its bankruptcy auction, RadioShack has sold its store leases, the merchandise in most of its stores, and even key intellectual property assets like its customer mailing lists and “TheShack.com.” Now the company has found buyers for its last multimillion-dollar assets: property in Texas and regional facilities in Maryland and in California have been sold, taking in about $50 million that will go to the company’s creditors. [More]

Anything of real value has been stripped from the Silverdome, but the owners believe it's worth $30 million, 51 times what they paid for the arena in 2009.

People Who Bought Pontiac Silverdome For $583K Now Asking $30M For Run-Down Arena

The Pontiac Silverdome hasn’t played home to the Detroit Lions since 2002; the Pistons fled 27 years ago. Aside from a handful of one-off events, it’s basically gone unused for most of the last decade, with much of its few remaining assets recently auctioned off. And yet the company that paid only $583,000 for the arena at a 2009 auction are now asking for a whopping $30 million. [More]

(♪ fotodisignorina ♪ Felicia Violi PHOTOGRAPHY)

Woman Suing Ebay Claims She Owns The Sun, Has The Right To Sell Real Estate There

Although no sovereign nation can claim ownership over any celestial bodies, one woman is taking eBay to court, saying she has the right to sell real estate on the Sun. As in, that big fiery ball up in the sky where no one could possibly live. [More]

(via WUSA 9 News [link has video that autoplays])

Family Suing Previous Homeowner, Real Estate Agent After Realizing “Dream Home” Was Infested With Snakes

It’s the stuff of nightmares: Fearing that the walls of your home are crawling with snakes, only to find out that no, this isn’t a bad dream, there are actually reptiles infesting the house you live in. That was the reality for one Maryland family who’s now suing their home’s previous owner and the real estate agent behind the sale, claiming both parties knew the house was chock-full of snakes before they sold it. [More]

(me and the sysop)

Homeowners Accept Buyer’s Offer After She Sweetens The Deal By Offering Free Pizza For Life

When it comes to buying a home, prospective buyers are always looking for bargaining tools that can help them get a leg up on the competition. And in Portland, OR’s competitive real estate market, one new homeowner found the leverage she needed to close the deal in the form of free pizza for the sellers — for life. [More]

(basykes)

If You Have $100M To Spare, Michael Jackson’s Neverland Ranch Could Be Yours

If you don’t know who Bubbles the Chimpanzee was, you should probably just stop reading now. For the rest of you who may have a spare $100 million burning a hole in your pocket, Michael Jackson’s famed Neverland Ranch is on the market under a new name. [More]

Why Builders Are Tearing Down Old Suburban Houses And Replacing Them

Why Builders Are Tearing Down Old Suburban Houses And Replacing Them

I was recently alarmed to see a modest-sized house in my neighborhood demolished to make way for a much larger residence that straddles two lots. I shouldn’t have been surprised to see that house knocked down: it was a two-bedroom, one-bathroom home built during the Great Depression taking up space in a wealthy suburb, and the real estate market won’t stand for that. The little house’s demolition fits with a nationwide pattern: older suburbs are turning over. [More]

Sears To Sell $300 Million In Property To Joint Venture With Mall Owner Macerich

Sears To Sell $300 Million In Property To Joint Venture With Mall Owner Macerich

A few weeks ago, Sears Holdings announced that it would be starting a joint venture with mall operator Simon Properties. This new company would buy Sears stores, then lease them back to the company in an effort to raise some quick cash and keep the company’s retail operations retailing. Now Sears has announced a similar deal with another mall owner, Macerich Properties. [More]

(Chris Rief aka Spodie Odie)

Owner Finds His Rental Home Has Been Rigged To Explode At The Flip Of A Switch

Talk about nightmares: The owner of a house that he’d been renting out had a close call recently when an inspection revealed that the place had been rigged to blow up when a light switch was flipped. Because that kind of intricate wiring isn’t a mistake, police are now investigating. [More]

(frankieleon)

Woman Wants To Back Out Of Buying House Saddled With $400K Debt, Blaming Winning Bid On Diet Pills

Feeling like maybe you shouldn’t have splurged on that shirt when you’ve already got a bunch like it already in your closet is one thing, but deciding you’d rather not own a home you purchased is an entirely other category of buyer’s remorse. A Florida woman is blaming her winning bid on a home that comes with a $400,000 debt on it on diet pills, saying they caused her to become confused. [More]

(FlyinAce2000)

Maine Innkeeper Who Won 210-Year-Old Inn With An Essay Is Offering Potential Owners The Same Chance

If you’ve ever dreamed of owning your own country inn, tucked away somewhere in Maine with all that entails, you don’t need a huge bank account or a surprise inheritance from a distant relative to make that dream come true: The owner of a 210-year-old inn in Maine is offering up the place for just $125 — to the person who submits a winning essay. [More]

(stevendepolo)

Woman Convicted Of Stalking Couple Who Outbid Her On House Says Losing Dream Home Was “Devastating”

In a twist on the old haunted house tale, a couple in San Diego found themselves haunted by the ghost of a woman in their present, who was convicted of stalking them after they won a bidding war over a house. Though the woman says she didn’t intend do to any harm, the loss of her dream home was “devastating.” [More]