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Saudi Family Takes Genie To Court

I’m not sure how this is going to work out, but a family is Saudi Arabia is taking a genie to court, alleging that the spook engaged in theft and harassment, according to CNN. It’s just a guess, but I suspect that it will be terribly difficult to serve a subpoena…. I know of no […]

July 15th, 2009 | | 0 comments | Continued
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Sellers Drop Prices By $27.4 billion

Foreclosures are impacting the marketplace and even the homes of the rich are going for less these days. A new study by Trulia says that 23.6 percent of current homes on the market have had at least one price cut and that the reductions are valued at $27.4 billion. The company says “the average price-reduced […]

June 8th, 2009 | | 0 comments | Continued
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How Come My Broker Wants Me To Leave My Open House?

Question: My real estate broker wants to hold an open house — and wants me to leave! What’s up with this? Who knows more about the house than the owners? Answer: There’s little doubt that owners are the world’s leading authority on the in and outs of their homes. But the real question ought to […]

March 30th, 2009 | | 0 comments | Continued
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Must A Home Seller Accept Our Full-Price Offer?

Question: We made an offer — which was at the asking price — and owner thinks he now can get more and refuses to take our offer. Can he raise the price or does he have to accept? Answer: He does not have to accept — just think of all the homes in hot markets […]

March 9th, 2009 | | 0 comments | Continued
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Can I Back Out Of A Real Estate Listing Agreement?

strong>Question: What happens if you list a home with a real estate broker and then decide you don’t want to sell? Can the broker make you sell the property? Answer: No. You cannot be forced to sell. However, there can be financial consequences. A listing agreement is a contract between a property owner and a […]

October 9th, 2008 | | 0 comments | Continued
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Can I Sell “As Is” A House I Inherited?

Question: I’ve been offered a reasonable price on a house I inherited. I want to sell it in “as is” condition. What things should I look out for to protect myself during escrow and after closing? Answer: The matter of “as is” sales has evolved during the past decade or so. The best advice used […]

September 21st, 2008 | | 0 comments | Continued
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10 Ways To Make Your Home Sell Faster In A Tough Market

There’s little doubt that the real estate marketplace is now in transition. Sale volume has fallen and in many markets the days of quick sales and multiple offers are long gone. These changes follow record year after record year, a pace that’s not sustainable. The catch is that a softer marketplace means sellers will have […]

September 19th, 2008 | | 0 comments | Continued
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What are the pros and cons of owner financing?

There are several potential pros and cons for sellers, at least. You will get a steady monthly income. You won’t have to worry about the buyer qualifying for financing, or as much financing. Tax obligations may be stretched out in certain cases — see a tax pro for details. But, it could also happen that: […]

August 26th, 2008 | | 0 comments | Continued
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Will Real Estate Brokerage Fees Fall To Zero?

Since the Internet first became commercially viable in the 1990s it’s been driven largely by a single principle, the idea of pushing prices to zero. If you can make money by not charging then you’ve likely got a winner. The reigning champ at this time is obviously Google — it makes a ton of money […]

August 20th, 2008 | | 0 comments | Continued