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Five costly mistakes to avoid when selling your home

Some renovations just aren't worth the money
Published on Dec 31, 2004

The National Association of Realtors recently published its year-end home sales statistics for 2004, including upward revisions of both the number of home sales and the median sales prices. According to NAR, home sales volume jumped 7.9 percent from last year to 6.58 million. New-home sales volume rose 8.9 percent over last year to 1.18 million houses and condominiums. NAR reports the national median existing-home sales price rose 7.9 percent to $182,500, and median new-home sales prices rose 8.9 percent to $214,600. In 2004, housing starts were at the highest level since 1978. Purchase Bob Bruss reports online. What does all this mean and why is it important if you are buying or selling a home? These extremely favorable numbers show (1) continued very strong home buyer demand and (2) homeowners who are thinking about selling in early 2005 should take advantage of the current very favorable market conditions, especially the low inventory of homes for sale in many communities. Davi...

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