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July 14, 2011

$447,500 . . . for just the land!

“What’s Up With All Those Colored Flags in the Front Lawn??” When the home pictured above closed six weeks ago for $447,500, everyone’s assumption (including mine) was that the Buyer was going to do extensive updating. After all, the home — located on Basswood Road just two blocks west of Cedar Lake, in St. Louis...
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Q: When is the list price not necessarily the list price?

A:  When it’s a short sale You’d think that a Seller who received a full-price offer on their home would automatically say “yes,” and the Buyer and Seller would be well on their way to a consummated deal. And in most situations, you’d be correct. However, with a short sale — that is, a home...
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“Postcards from a Shutdown”

Day #14 — and Counting Does the following seem just a little absurd to anyone else? Minnesota state officials told MillerCoors that it must remove all 39 brands of its beer from shelves statewide because its $1,170 brand-label registration fee wasn’t processed before the shutdown. –“Shutdown Hits Happy Hour”; The Wall Street Journal (7/14/2011) So,...
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