Why does any retailer close out inventory? Several reasons usually are true - increase cash flow, get ready for new products next season, eliminate carrying costs.
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I have heard many people remark to me over the years that the best way to buy real estate is to do so from a desperate seller, and in negotiating with them to "stick it to them", "grind 'em down", or "make them hurt". There are few problems with this.
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Most of us in America have come to view our home primarily as an investment, and secondarily as a place we live. I think this has contributed to the irrational behavior concerning home values so many have exhibited in the past few years.
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One of the common activities all real estate agents engage in is preparing a market analysis of an existing home that a potential seller is considering putting up for sale. Most sellers will have more than one agent prepare an analysis, and they should do so.
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As we begin our 2007 Fall PARADE OF HOMES annual event, we had about 1,000 people in our 7 model homes this past weekend. Oh, there is always the "paint color" and "decorating ideas" shoppers, but by and large, the vast majority of the people we met have a desire to purchase a new home in the next weeks or months.
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Median price of real estate falls 1.2% in Minneapolis & St. Paul during the 2nd quarter...
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