Staging Your Home To Sell - 08/23/07 08:32 PM
Home staging is preparing a home prior to putting it on the market for sale.
Why stage your home? Staging a home can ensure a quick sale.
You may love the way your home looks, but potential buyers may not. When selling your home, staging it professionally can make your home more appealing and more attractive. It depersonalizes your home, reduces its flaws and very often, raises the value of your home. Very often it can bring a higher purchase price.
With shows like HGTV's ‘Designed To Sell', "Bought and Sold",  "Get It Sold", "Buy Me" and TLC's "Flip This House" home owners … (0 comments)

Mortgage Rates Fall - 08/23/07 07:54 PM
According to Freddie Mac, the 30-year, fixed mortgage rate has reached its lowest point since May and as of August 16th, averaged 6.52 percent.
Additionally, rates on 15-year fixed-rate mortgages fell to an average of 6.18 percent from its previous 6.30 percent. Five-year adjustable-rate mortgage rates fell to 6.34 percent, from 6.35 percent, and rates on one-year adjustable-rate mortgages dipped to 5.60 percent, compared with 5.67 percent.
All of this good news comes as a result of the Federal Reserve's decision to cut its lending rate to banks.
Interest rates on conforming long-term fixed rate mortgages and one-year adjustable-rate mortgages were down … (0 comments)

Real Estate SLUMP ... Not In Manhattan - 08/19/07 01:25 PM
The country is in the middle of a residential real estate slump yet, Manhattan real estate sales and prices more than doubled in the 2nd quarter.
With the arrival of thousands of new Manhattan condos, inventory has decreased to about a third of its volume.
There's no question that credit is tighter now, yet there are still many buyers who qualify for financing. Several are buying with all cash deals.
With the credit market turmoil, more and more people are moving into Manhattan, with fewer moving out. Added to the decrease in Manhattan residential inventory, the rental market tightened considerably.
It's true that obtaining … (0 comments)