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GROWTH IN HOUSE PRICES

According to CREA Chief Economist Gregory Klump, in a recent interview with CTV, there will be growth in house prices in 2009 in six of 10 provinces.  Included in that forecast is NOVA SCOTIA.  To date in the Halifax Dartmouth region we have seen the prices remain stable.  Sales are only slightly weaker than they were at the same time last year and average prices in most areas are still ...
Posted by Margaret Bowlen on December 10, 2008
Tags: buyers need to be ready CREA Chief Economist Patience

COMMON SELLER MYTHS About Home Pricing

1)  The Amount of Mortgage and Closing Costs: If the owner purchased with little or nothing down or refinanced during a peak market, a market shift can create an upside down situation. The market price probably won't be enough to cover the mortgage payout and closing costs.  2)  The Money Spent on Upgrades: A seller may want to recoup the cost of an upgrade or renovation and although ...
Posted by Margaret Bowlen on December 10, 2008
Tags: appraisal closing costs conditional sale emotional attachment market shift market value paying off debts percentage of return replacement value upgrades

How to Avoid 4 Costly Mistakes

Your Listing Has Expired - What Went Wrong? The majority of houses sell during the initial listing time, but, as you found out, some do not. What should you do now? First, although you may feel discouraged, if you still want or need to sell, make a renewed commitment to do what it takes. ARE YOU COMMITTED TO SELLING? FIND OUT WHAT WENT WRONG! An expired listing usually reflects a problem in one of ...
Posted by Margaret Bowlen on December 10, 2008
Tags: advertising depersonalize potential buyers
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