Pricing low can pay off for sellers

Home sellers dream of receiving more than one offer and a sale price that’s higher than the list price. With inventories low in many communities across the country, multiple offers are more common than they’ve been in years. A strategy that has become popular in areas that lack sufficient inventory to satisfy the demand is …

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6 tips for selling in today’s real estate market

Buying after relocating may not be best financial move Some homeowners have been waiting for years for a better housing market and a good time to sell. Is it better to wait a few more years and see if you can realize a higher sale price, or sell now and move on with your life? …

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Study Shows Foreclosure Lowers a Property’s Value by 27%

Study Shows Foreclosure Lowers a Property’s Value by 27% Foreclosed homes permeate the American landscape. According to data from the Massachusetts Institute of Technology (MIT), they make up about one in 12 houses with under $1 million left on the mortgage. These foreclosures drive down home prices, and MIT gives two reasons for their depreciating …

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Smaller Percentage of Homeowners Underwater in Q2

The percentage of borrowers underwater on their mortgage declined during the second quarter, but that welcome change of pace could come to an abrupt end as home values are again beginning to fall in markets across the country. The real estate data provider Zillow reported Monday that negative equity — which refers to the percentage …

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