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July 20, 2015

MLS: “Beautiful Home When It Was Built”

“Nice Try” Department I give the listing agent (representing the Seller) credit for trying:  the line (above) certainly sounds like a compliment. And it may even have been true, once upon a time. But, best guesses are:  a) the home was built a long time ago; and b) it’s hardly beautiful now (there were no pictures accompanying...
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“Legal Bedroom” Multiple Choice

Technical vs. Functional Definition Test your knowledge of residential real estate by answering this question: Who defines what constitutes a legal bedroom? A. The county where the home is located; B. The city where the home is located; C. The local multiple listing service (MLS); D. The listing agent representing the Seller. Answer:  “A.” or...
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The Folly of Predicting Home Prices — and Interest Rates (at Least in the Short Run)

Ben Bernanke’s Mortgage “Fools rush in where angels fear to tread.” –Proverb “This side appears to be brown.” –Joke about what a CPA will answer, when asked what color a horse standing 50 feet away in a pasture is. When clients ask me where I think home prices are headed, my standard Realtor answer is,...
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