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When most sellers list their home for sale the first thing they think about is how much will I get and that is usually followed by how soon will I get the money. It's certainly understandable that those two concerns are, most often, top of mind. After
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One way to prepare for the costs of owning a home beyond the mortgage payment, insurance and taxes, is to know the expected life expectancy of your home's components. Such knowledge doesn't supersede the use of a home inspector when buying a home,
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Mortgage fraud is forcing lenders to scrutinize the paperwork and today's home loan applicant must be better prepared to run the mortgage application gauntlet. 30 to 70 percent of early mortgage payment defaults are likely linked to borrower misrepresentations
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More home buyers have a better chance now than at any other time in nearly a half decade to negotiate a home-buying deal that costs less and comes with some concessions thrown in. In many locations, buyers will find a glut of new homes, more motivated
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If you're planning to put your home on the market in time for spring, now's the time to get it ready to show. But wait, it's still a buyer's market. What can you do to catch the buyer's eye and get them to make an offer? It's going
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Here's some great news for the thousands of real estate investors and brokers who use "Section 1031" (ten thirty-one) tax-deferred real exchanges every year: Congress has backed off its latest plan to narrow the definition of "like
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Lease-to-own contracts are generally offered on homes that are difficult to sell or to buyers who cannot obtain financing. Although the term "lease-to-own" sounds self-explanatory, it can actually be a complex legal process. For that reason,
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If you are buying or selling a home, seeking the professional assistance of a knowledgeable real estate agent will save you a lot of time and money. Prepare Your Home to Sell - If you are ready to sell your home, your real estate agent can help you decide
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To set the right price on a home, you should combine an objective evaluation of your property with a realistic assessment of market conditions. In good markets and bad, you are more likely to benefit by determining a fair value and sticking close to it
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According to the 2004 National Association of Realtors Profile of Home Buyers, home buyers want reputable real estate agents who are knowledgeable about their marketplace. Knowledge of the local market and knowledge of the local area are the most important
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Knowing what to do when the market hits a bump in the road can mean the difference between a fast and painless sale and a home that sits unsold on the market for months. This knowledge can also help home sellers enjoy a better selling price and more favorable
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FHA: Maximum loan amount $697,500; 3% down; 30 Year Fixed rate in the low 6% range; Seller can pay all closing costs; Condominiums: easy approval, cannot be FHA rejected; Non-occupant co-borrowers (must be related) can help with down payment and qualifying.
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Even though your house isn’t on the market yet, the buyer for your house is already starting to read the real estate magazines – just like you are right now. A recent interview with Lynn Dasteel of Casa Pacific Realty revealed several tips
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Homeowners whose mortgage debt was partly or entirely forgiven during 2007 may be able to claim special tax relief by filling out newly-revised Form 982 and attaching it to their 2007 federal income tax return, according to the Internal Revenue Service.
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Hot on the heels of its surprise inter-session rate cut of 75 basis points last week, the Federal Reserve cut key interest rates again, the fifth straight cut since September 2007. In its statement last week, the Fed said it had decided to cut the federal
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