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[ May 18, 2006 at 6:57 pm ]

There are a great many factors that have to be addressed when it comes down to resale value on property. Before making any hasty decisions – do your homework because you can never judge the book by the cover.
Picturesque scenery or industrial surroundings are important matters that can affect the resale value of your home. When buying or selling a house remember to have these issues linger at the back of your mind. Buying a home in a fabulous proximity like near to the coast can up the dividends beyond expectations – well who would not want to wake up to the call of the ocean waves?
Not every buyer considers pound or dollar value on a view so therefore leaving you in a catch 22 situation – go with your own instincts. Finding a buyer for your home could take longer than anticipated with or without views. In some cases …

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[ May 18, 2006 at 6:57 pm ]

Nash’s fourth real estate book working as a real estate broker in Chicago are the foundation for his consumer-centric real estate perspective which has been featured on ABC-TV, CBS The Early Show, Bloomberg TV, CNN-TV, Chicago Sun Times & Tribune, Fidelity Investor’s Weekly, Dow Jones Market Watch, HGTV.com, MSNBC.com, The New York Times, Realty Times, Universal Press Syndicate and USA Today.
Savvy tips from someone that knows first-hand the questions home buyers and sellers want answered in a just-the-facts-please format for time-starved consumers. No millionaire in this books title which features all the nuts and bolts of residential real estate from surfing Internet home sites to closing or escrow. A handy desk reference for buyers and sellers who need a go-to resource.
The author is a contributing columnist to www.realtytimes.com, www.realtor.org, www.brokeragent.news , and www.principalbroker.com . His to-the-point tips stretch from “What’s In, what’s out with homebuyers in 2006″ to “Foreclosures are …

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[ May 18, 2006 at 6:56 pm ]

“I didn’t notice that the first time I saw the house.”
This is a common house-hunting phrase that usually leads into a tale of home buying heartache. How a home buying process went bad because of something overlooked — a feature of the home, the location, the schools, or maybe the new construction going on practically in the back yard.
Home Buying “Blindness”
Buying a home gets people excited, and nothing fuels that excitement more than walking through a home that might someday be yours. That’s perfectly normal. But this excitement can also cloud your objective / analytical vision. First-time home buyers in particular fall victim to this condition.
Solution: Use the Buddy System
One solution is to bring a friend along on your house hunting trips. That way, you’ll gain an objective pair of eyes. Of course, you’ll have to find somebody whose schedule matches your own, but the logistics are well worth it.
An …

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[ May 18, 2006 at 6:56 pm ]

No matter if you are a seasoned real estate investor or a first-time buyer, there are some mistakes that you should watch out for.
Buying a home is a true investment. You hope that you buy low, gain value and sell high. But like any investment, there is risk. Market conditions, mortgage terms and property location will factor into how much risk you will face. Here are some common mistakes that people make when buying properties.
1. Leaping with your eyes shut
You shouldn’t ever put your money into something without knowing what you are getting, where you are going and what you want out of it. You need to know what you are buying, why you are buying and what you are going to do with it. Too many people set out to “flip” a home without any idea where they are going with it.
Look to the long term, not just tomorrow. …

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[ May 18, 2006 at 6:55 pm ]

When you are spending hundreds of thousands of dollars for a home, you need to make sure that what you are getting is well worth it.
No home is absolutely perfect. You can always expect to have to spend something on your new home. The average is $6,000 within the first six months, according to industry experts. In a time when you should be looking at paint samples and new furniture, why would you want to spend your time on repairing what you just bought?
A professional home inspection is key to truly understanding the home you are purchasing. You want to turn to a reliable inspector that is a member of an association that establishes strict requirements for membership, such as the American Society of Home Inspectors and the National Association of Home Inspectors.
The inspector should provide you with a list of what the inspection will result in. For example, some …

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[ May 18, 2006 at 6:55 pm ]

When you last went shopping for a mortgage you found yourself facing an array of options, from a six-month ‘open’ to a 10-year ‘closed’ and everything in between. And chances are you did not quite grasp or paid attention to the differences among all those many options, mostly because you never envisioned a time of interest rates increase. Now that the tide is changing, of course, the basic question becomes the most important: which option is the best to minimize mortgage costs?
As markets are progressively cooling off as a direct and proximate result of the monetary policies of the central banks, property owners with financing on a variable scale are facing rising interest costs. This fact calls into question whether it is preferable to sell outright, or if it makes more sense to refinance and stay put. Selling may not necessarily be the easy way out, particularly for those who …

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[ May 18, 2006 at 6:54 pm ]

The first quarter Boston condo sales results from the Ford Realty sales report show some moderation in sales prices. Portion of this data was obtained from LINK. LINK is the Boston real estate listing service used by most Boston real estate brokers for obtaining Boston condo sales information.
The Boston real estate sales data regarding the Boston condo market is much better then most people have been expecting. The total number of Boston condos sold reached 1,046 this quarter only slightly off of 1,058 at the end of the first quarter of 2005. The Boston condo sales data also revealed that the lower end of the Boston condo market is on the rise. One area that showed enormous growth was in the Boston Fenway area. Presently the $500,000 and less Boston Fenway condo sales rose from 21 at the end of the first quarter of 2005 to 41 this year a …

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[ May 18, 2006 at 6:54 pm ]

Thinking about selling your home? Perhaps you should give this some thought too… I have already touched upon the importance of a home seller viewing himself or herself as the employer who is “hiring” an agent to sell their home and to screen them like you are hiring an employee. Specifically avoid hiring part time agents (unless you want part time representation).
So let’s assume that you have retained an agent, your home is listed and you get an offer on your home. Sounds great right? Maybe, maybe not. When you accept an offer, depending on the language of the offer, you are effectively removing your home from the market until you determine whether the buyer can, in fact, buy the home. You would hope that there has been (and often is) some financial pre-qualification of the buyer by the agent before the offer is presented to you and accepted. But …

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[ May 18, 2006 at 6:53 pm ]

What is a Home Warranty?
A home warranty is a policy that covers repair and replacement costs for failed appliances and systems within a home.
Who Purchases the Warranty?
This usually depends on the purchase agreement made between the home buyer and seller. Either party can purchase the warranty. The two parties can even share the cost. Regardless of who pays for it, the warranty is usually purchased during the closing process (also known as “settlement”).
How Much Does it Cost?
Cost will vary based on coverage and other factors. Most home warranties are in the $400 to $600 range. When the initial policy expires, there’s usually a renewal fee as well.
What Will the Warranty Cover?
Home warranties vary quite a bit. So it’s important to ask a lot of questions and read all the fine print before purchasing one. With that said, here are some of the common items covered:
* Heating and cooling systems
* Plumbing …

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[ May 18, 2006 at 6:41 pm ]

In a March 19th Market Outlook, I wrote about my observation that it is the quality of management that attracts the Big Publicity. Mainstream publicity is what attracts a wider audience of investors and enhances a company’s possibility of being taken over. Early investors celebrate when their favorite company goes “in play.” Case in point is Strathmore Minerals (TSX: STM; Other OTC: STHJF), whose story we have followed for nearly two years.
Strathmore president David Miller was in Hong Kong this past week, addressing the International Atomic Energy Agency (IAEA) on the subject of uranium mining. During the course of his visit, he was invited to be interviewed on BBC World News and did so on April 6th. To reach millions of listeners on one of the world’s premiere radio networks, BBC (British Broadcasting Corporation) is not only a privilege for the guest, in this case David Miller, but it helps …

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[ May 18, 2006 at 6:41 pm ]

Over the past few days, there have been several stories written about Warren Buffett’s $14 billion bet on global stock markets. I believe these stories are all in reference to this excerpt form Berkshire Hathaway’s annual report:
“Berkshire is also subject to equity price risk with respect to certain long duration equity index put contracts. Berkshire’s maximum exposure with respect to such contracts is approximately $14 billion at December 31, 2005. These contracts generally expire 15 to 20 years from inception. Outstanding contracts at December 31, 2005, have been written on four major equity indexes including three foreign. Berkshire’s potential exposure with respect to these contracts is directly correlated to the movement of the underlying stock index between contract inception date and expiration. Thus, if the overall value at December 31, 2005 of the underlying indices decline 30%, Berkshire would incur a pre-tax loss of approximately $900 million.”
It’s impossible to evaluate …

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[ May 18, 2006 at 6:41 pm ]

It’s Wednesday April 5, 2006, the first quarter of the year has ended and institutions have been shifting their funds around because its that time of the year. Some of the big movers are in the financial industry such as Goldman Sachs (NYSE: GS), since January of this year the stock has made tremendous movement from the $127.00 range to where it closed on Tuesday at $161.00. This is a company that is still trading about 30 to 40 points below where its potential is, bare in mind that Investment Banking, mergers and acquisitions are in full swing, and this is where they make their big money. Another company is Lehman Brothers (NYSE: LEH) they have jumped from the $128.00 range in January to $147.13 where it closed on Tuesday, for the same reason as Goldman Sachs and the stock still has legs to make further movement.
Merrill Lynch (NYSE: MER) …

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[ May 18, 2006 at 6:40 pm ]

Are you new to trading? Perhaps you wonder what the difference is between trading Stocks and trading Futures. Often when I meet someone new who inquires as to what I do, I get a response of “that’s like trading stocks, isn’t it?”
In some ways they are similar, but only minutely so. So let’s consider some of the major differences between the two.
Most individuals have likely traded stocks at one time or another. Usually, it is to buy in order to ‘own’ a percentage of a particular company or to liquidate such partial ownership. They pick up a phone to call a broker or go online to purchase or sell. The order is facilitated through an ‘exchange’, such as the New York Stock Exchange for example.
Buying and selling Futures is similar in this respect. You can call a broker or go online to buy or sell Futures contracts. The order is …

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[ May 18, 2006 at 6:39 pm ]

If you’re in the unfortunate position of having to make a claim on your critical illness insurance policy, the last thing you want is insensitive hassle or apparent non co-operation from your insurer. But according to numerous newspaper articles, that’s precisely what’s happening. The core problem is that before they’ll pay out, the insurer will always want to make exhaustive enquiries about your past health record. Whilst you’ll have provided them with lots of similar information when you initially applied for the cover, the insurers will now insist that all the information is rechecked. And if at the time you said you weren’t a smoker, they’ll now want this verified by your doctor.
The reasons are obvious. They’re faced with a big claim, typically way over £100,00, and they want to be certain that you told them the entire truth about your health when you first applied. This means that now …

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[ May 18, 2006 at 6:39 pm ]

Of course, no-one likes to think that they or someone that they love might become seriously ill. However, according to statistics about a fifth of all adults in the UK will become critically ill before they reach retirement age. Critical Illness Cover allows people to protect themselves if the worst should happen by providing a financial safety net for them.
What is Critical Illness Cover?
Critical illness cover is an insurance product that pays out a tax free lump sum to policy holders who become seriously ill whilst they have cover in place.
The Benefits of Critical Illness Cover
Critical illness cover protects against a wide range of common illnesses that often result in victims becoming incapacitated. People who fall ill from these diseases frequently need expensive and on-going medical care.
By taking out critical illness cover, you can ensure that you will be able to pay for the medical treatment that you will need …