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Torn Between Two Houses?

What to Consider When
Making a Decision

As
you find yourself heavily
immersed in the house-hunting
mode, you may encounter a
situation in which you're torn
between two houses. Perhaps you
and your spouse each have a
favorite, or perhaps you both
like two houses equally - or
think you do. Making a final
decision and determining which
house to make an offer on
shouldn't be taken lightly. The
decision should be made
rationally and not guided by
emotion.
Of course, you may not
have the luxury of taking your
time on deciding

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which house you'd like
to pursue. You may be in
a market in which homes
in your price range get
snatched up as quickly
as they go on the
market, perhaps even
attracting multiple
offers.


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Avoiding 7 Costly Mistakes of Selling
Your Home

There
are inappropriate steps sellers can walk
down when it comes time to put their
house on the market.
For instance, the seller in
Virginia, who thought the half bath the
builder had located at the front of the
house would really be better situated
toward the back of the main level
(though all the other similar models had
the powder room in the same place for
the previous 20 years). He got hung up
on this detail so much, that he just had
to move it -- and did -- for thousands
of dollars, just so he could get it on
the market the "right way." His hang-up
may have settled some deep-seated
emotional need for him, but it didn't
draw any more buyers, and it drained his
bottom line. You might say, that was a
costly mistake.
Real estate broker and author Sid
Davis has identified in his book "A
Survival Guide to Selling a Home,"
another seven costly mistakes that many
sellers make when it comes time to put
their home on the market. In my
business, I've seen each one of these

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The Housing Boom
Is Far From Over

Housing
is going strong at least through the end
of the decade, predicts David Lereah,
chief economist for the National
Association of Realtors, and his
infectious enthusiasm is as strong as
his theory.
He believes it so strongly he
wrote a book about it.
While promoting his new book
Are You Missing The Real Estate Boom?:
Why Home Values And Other Real Estate
Investments Will Climb Through The End
Of The Decade - And How To Profit From
Them, Doubleday, on a recent
nationwide tour, Lereah is aware of the
real estate bubble theorists who predict
that what comes up must eventually come
down.
Real estate has been on a bull run
the last five years, particularly when
interest rates hit a 40-year low several
times. Relaxed credit terms allowed more
people to buy. Baby boomers reached
their economic success point, enabling
them to drive second home purchases to
new levels. These are a few reasons real
estate homeownership has reached the 68
percentile, an all-time record.
But nothing lasts. New home sales
tumbled 9.2 percent in a
colder-than-normal January, says the
National Association of Home Builders.
U.S. home prices increased 11 percent
last year, says the Office of Federal
Housing

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Consumers Clamoring For Kitchen Upgrades

An
increasing number of consumers are opting for
kitchen upgrades -- whether it's at the time
they're buying a new house or down the road,
when they replace the original products. And the
new appliances, sinks, faucets, and countertops
are getting fancier and more functional than
ever.
Following suit, the National Kitchen and
Bath Association, in its consumer trend
research, found that more new homes are coming
equipped with appliances.
Indeed, in 2004, 57 percent of all new
homes were sold with a refrigerator included,
totaling some 1 million. Five years ago just 51
percent of new homes came with a refrigerator.




Daily News and Advice

Read about the events
shaping the Real Estate market today,
find current interest rates, or browse
the extensive library of advice and
how-to articles written by some of the
top experts in Real Estate. Updated each
weekday.

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Your Home
Didn't Sell. Do You Know Why?
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selling your home quickly and for top dollar.
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11 High Cost Inspection Traps You
Should Know Weeks Before Listing Your Home For Sale
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To
help home sellers deal with this issue before their home is
listed, a free report entitled "11 Things You Need to Know to
Pass Your Home Inspection" has been compiled which explains the
issues involved. |
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