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Numbers Adding
Up In Real Estate

There
have been several numbers floating around in real estate
during the past few weeks which ought to interest anyone
now living indoors. In basic terms, the numbers say home
values are soaring and property demand is likely to
remain strong for years to come.
First, the good folks at the Federal Reserve have
issued their quarterly flow of funds study, a document
which tells us something about how the economy is doing.
For the second quarter of 2003 we find several
important items:
Home values nationwide totaled $15.3966 trillion at
the end of June -- up $199.7 billion from the first
quarter and a rise of $3.8837 trillion since 1999, or
33.73 percent.

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Foster Friendships,
Nurture Your Neighborhood

IIn
a time when so many people shut their garage doors behind
them and rarely say hello, having a network of nearby
friends is more comforting than ever. "We all long to
connect with people and be valued in life. It helps us
think, 'I have meaning here. I have a place here,'" says
Leslie Levine, author of Will This Place Ever Feel Like
Home?
The happiest of homeowners agree: "My neighbors share
the good and the bad with us. It's such a relief to know
that help and companionship are just a short walk across the
lawn," says one Madison, Wisconsin, woman. A year or so ago,
her neighbors all rallied around when her son was
unexpectedly hospitalized for a few weeks. "They got
together and decided to mow our yard all summer so it would
be one less thing we had to worry about," she says.
If you'd like your new neighborhood to be a place
where everyone gathers around a neighbor's grill or hollers
out a greeting to the kids who pedal by on their bikes, here
are some ways to make that happen:
Make little things count. Haul in your neighbor's trash
cans, or take in

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Multiple Offers:
How Can You Compete?

In
a hot market there are more buyers than homes for sale.
Prices may rise, and the days a home is on the market may
shorten to a week or even less than a day. Some homes will
sell before they are even registered in the local MLS. That
means that sellers are often presented with multiple offers.
How can you position your offer to be the one the seller
accepts?
The best way is to gain an understanding of how
multiple offers work and how they benefit the seller.
Multiple offers mean that the seller has his/her pick of
offers, but that doesn't necessarily mean a disadvantage for
you as a buyer. You just have to determine how badly you
want this particular home. If you want to compete in a
multiple offer situation, here is what you will need to
know:
There are two things that matter to the seller --
price and terms. They want the highest price possible, and
the best terms available. Both of these areas leave room for
negotiation. Just because a seller is entertaining multiple
offers doesn't mean you don't have a chance. You just have
to hit the right note with the seller that the other
contracts don't.
Just to give you an idea of how important terms are to
the seller, let's look at a hypothetical situation. You
offer a seller the highest price for his/her home, but you
put in the contract a contingency that you must sell your
home first before you close on the seller's home. It may
seem reasonable to you,

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Remodeling? Tips
For Choosing Products

If
you're considering remodeling or are in the throes of plans for
new materials, fixtures, and appliances, then you know that
choosing your products and staying within budget can be a huge
challenge. But it can be done.
On the back of the strong housing market, thousands of
Americans are improving their homes.
"Given a resilient housing market and low interest rates,
homeowners continue to reinvest in their homes in the midst of a
sputtering economy," said Nicolas P. Retsinas, director of the
Joint Center for Housing Studies at Harvard University, in July.
And the National Association of Homebuilders reported
earlier this month that professional remodelers were busier in
this year's second quarter than any other period in the past two
years.
If you're remodeling, you know the confusion that festers
when it comes to




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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11 High Cost Inspection Traps You
Should Know Weeks Before Listing Your Home For Sale
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listed, a free report entitled "11 Things You Need to Know to
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