Williamsburg Real Estate

Real Estate Advice

  • Dealing with divorce and home ownership

    Q: I divorced in 1994 and retained ownership of the home as part of the settlement. I continue to see my ex-spouse's name on the tax assessment document, even though I have refinanced the mortgage in my name. What does it mean to have his name on the document, especially when I try and sell? What...

  • Homes with delinquent real estate taxes

    Q: The house next to mine is up to be sold for delinquent taxes. Will I be responsible for any liens against the house should I win the bid? My plan is to demolish the home. A: As the saying goes, you can't escape death and taxes. When you own a piece of property in a place where real estate taxes...

  • Should you hire a real estate attorney or Realtor?

    Q: We bought a house four years ago in Oklahoma and ended up renting it out after we moved out of state. After renting the house for two years, the current tenants want to buy it and we have no clue what to do. Should we hire a real estate attorney or Realtor? We have no problem selling it ourselves...

  • The tax implications of short selling a primary residence

    Q: An 83-year-old friend of mine is disabled and is about to enter an assisted living facility. She is currently living alone in a house she owns, but it is no longer safe for her to live alone. I am trying to help by organizing her finances and to determine if she can afford the assisted living...

  • Selling property and the rules of profit rollover

    Q: I enjoy reading your columns each week. My wife and I have two properties in Miami worth about $600,000 and $1,250,000, and another one in Chevy Chase, Maryland that has a mortgage and is worth about $2 million. The Miami properties do not have any financing attached to them, and the Chevy Chase...

Hot Property from Hollywood

  • 'Entertainment Tonight's' Nancy O'Dell records a quick home sale in Pasadena

    'Entertainment Tonight's' Nancy O'Dell records a quick home sale in Pasadena

    That didn’t take long. Less than a month after putting it on the market, “Entertainment Tonight” co-anchor Nancy O’Dell has sold her Pasadena home for $7.05 million. The asking price was $7.189 million. Set on nearly an acre of grounds, the handsome Mediterranean Revival was designed and built...

  • Billionaire investor Thomas Barrack sells his Santa Monica mansion for $34 million

    Billionaire investor Thomas Barrack sells his Santa Monica mansion for $34 million

    Thomas J. Barrack Jr., billionaire real estate mogul and informal advisor to President Trump, has sold his home in Santa Monica for approximately $34 million, according to real estate sources with knowledge of the sale. The 23,515-square-foot mansion, designed by architect Richard Landry, briefly...

  • Midcentury modern home designed by A. Quincy Jones hits market for first time since 1962

    Midcentury modern home designed by A. Quincy Jones hits market for first time since 1962

    For the first time since 1962, this Midcentury modern-style house designed by A. Quincy Jones is up for sale. The three-bedroom home, in the hills of Brentwood, is listed for $2.45 million. For its design and notable architect, the city named it a Los Angeles historic-cultural monument in 2001,...

  • Montecito home once owned by filmmaker Michael Bay proves a hit

    Montecito home once owned by filmmaker Michael Bay proves a hit

    A Montecito residence once owned by “Transformers” filmmaker Michael Bay has sold for $7.2 million. He sold property in 2012 for $4.9 million to the current seller. Designed by architect Jan Hochhauser and built in 1993, the bold two-story contemporary has a dramatic two-story great room with a...

  • Veteran jazz bassist moonlights as a landlord in Studio City

    Veteran jazz bassist moonlights as a landlord in Studio City

    Jazz bassist Pat Senatore has a house up for one-year lease — furnished or unfurnished — in Studio City at $5,850 a month. He has owned the property for decades. The 1950s single-story cottage and detached guest unit contain a total of three bedrooms, three bathrooms and 1,987 square feet of living...

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