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Credit crunch is worsening

By Lou Barnes, Friday, November 30, 2007.

We saw the first low-fee 30-year mortgage trades this week with a "5" in front (fleeting 5.875 percent), but carry this thought foremost: the low for mortgages will be at the moment of greatest fear, possibly right now.  more...

The lost listing

By Alison Rogers, Friday, November 30, 2007.

I was in the middle of a client meeting when my sponsoring broker called me. "I just want you to know," he said, "that Dick and Scott's apartment is on the market. They listed with the competition."

WTF? Dick and Scott, who I had spent half my spring traipsing around with, in search of something new for them to buy?  more...

Avoiding a relocation nightmare Premium Content

By Bernice Ross, Friday, November 30, 2007.

Are your clients relocating elsewhere? Perhaps they're looking for a second home or a retirement property somewhere away from where they live now. Even when someone buys in their own area, their wonderful new home can turn into a nightmare if they aren't exceptionally careful during the purchase process.  more...

Fun project: Choosing doors for your home

By Paul Bianchina, Friday, November 30, 2007.

If you wander down the aisles of any home center or door shop, you'll probably be surprised at how many different doors are available. Add to that the thousands of possible door styles, sizes and jamb combinations you find in the catalogs, and you quickly discover that there is an overwhelming number of choices.

If you're in the market for new or replacement doors for your home, here's a brief overview of some of the basics to help with your shopping.  more...

No-pets policy not always legal

By Janet Portman, Thursday, November 29, 2007.

Q: My mother was recently hospitalized with a serious illness. Hospital volunteers visited several times and brought along their dog, a mellow, friendly fellow that my mother loved to pet and talk to. Believe it or not, her blood pressure and pain level dropped and she felt better after these visits. Now that she's been released, I'd like to look into finding her a similar canine companion, but her lease specifies no pets. Any suggestions on how I can convince the landlord to bend the rules?  more...

Wait for spring to replace wooden steps

By Bill and Kevin Burnett, Wednesday, November 28, 2007.

Q: I read (and kept) your column about how to restore a Victorian's front staircase. I, too, own a Victorian house, in Oakland, Calif., with wooden stairs that need to be restored. Your article was very helpful, but I have a couple of questions about replacing them. What is the best new lumber to replace the old 2-by-12s? I would expect to paint them. Also, should I use wood screws to fasten the treads?  more...

Older buyers, sellers don't like 'seniors' label

By Tom Kelly, Wednesday, November 28, 2007.

If you could rename the Seniors Real Estate Specialist (SRES) designation what would it be?

We asked readers that question a couple of months ago and received more than 100 suggestions and comments. The reasons for the initial inquiry vary, but the main point is that many seniors simply don't like to be called "seniors." In addition, seniors and baby boomers are now largely commingled to include any person over the age of 55, while there are different buyer types such as move-down, empty-nest, last-time, retirement and second-home.  more...

Carnauba wax won't cure cabinet finish

By Paul Bianchina, Tuesday, November 27, 2007.

Q: We have a 2 1/2-year-old house with cherry cabinets. The cabinets were finished in place, and the lacquer finish is now showing a white ghosting effect. The cabinet maker said we could stop this from spreading by applying carnauba wax. However, a furniture refinisher said the cabinets were sealed incorrectly, and the only proper solution is to strip off the finish and redo them. The builder said the original painter can fix them, but the painter says it's my fault, and that he guarantees his work only for a year. Help! --Patty P.  more...

Are home inspectors worth what they charge?

By Barry Stone, Tuesday, November 27, 2007.

Dear Barry,  more...

Biweekly payment programs: Use lender's or make your own?

By Jack Guttentag, Monday, November 26, 2007.

"My husband and I get paid biweekly. This year I made sure the mortgage payment was made every other paycheck. Next pay day (Oct. 26) I will be making the December 2007 payment. I figure I will be making one extra payment per year at this pace. My husband wonders whether or not this will really work to our advantage?"

The answer is "no." While it is convenient for you to make a monthly payment every four weeks, you won't benefit if your lender does not have a program that accepts payments on a four-week schedule. I have never seen a four-week payment plan.  more...

Tips on choosing listing agent in today's market

By Dian Hymer, Monday, November 26, 2007.

It wasn't too long ago when it didn't matter as much which real estate agent you chose to sell your house if it was located in one of the many hot seller markets. Listings sold without much assistance; many soon after the for-sale sign went up. Today, choosing the right agent for the job can make the difference between a sale and no sale.

There are many factors to consider in selecting an agent today. One is that many of the agents working now entered the business recently. They've never seen a softer home-sale market before.  more...

Maximizing rental income: Should I trade up or sell?

By Benny Kass, Monday, November 26, 2007.

DEAR BENNY: I have rented a single-family house out to the same tenant for 15 years, and this person is moving out next month.I owe $68,000 on the property and it could sell for $280,000. It probably needs $25,000 in improvements in order to sell it (unless I decideto sell it as is). I am a novice investor. However, I would like to eventually own an investment that gives me enough net cash flow so that I can go into partial retirement. The property nets $200 per month.  more...

Thankful in real estate

By Alison Rogers, Friday, November 23, 2007.

I was on a chat board where I sometimes pick up clients and I will tell you what the chat is about around the holidays: nobody knows how to cook, and everybody hates their mother-in-law.

So first, I am very thankful that we are alive to see this holiday. It was only a half-a-dozen years ago that buildings were tumbling down and that was in question.

Second, I am grateful that I know how to cook. I never took a formal cooking class, but I bought cookbooks and watched friends who were good in the kitchen, and collected recipes.  more...

Realtors become own media to sustain market optimism Premium Content

By Bernice Ross, Friday, November 23, 2007.

(This is Part 2 of a two-part series. See Part 1.)

Are we going to let the negativity in the media continue to create irrational fears in our clients? Or are we going to fight back and tell the truth about all the good things that are happening in today's real estate market?

There are more than 1 million Realtors in the United States and approximately 2 million people who hold real estate licenses. What can we do to counteract the flood of negative press?

1.  more...

The problem with today's kitchen appliances

By Arrol Gellner, Friday, November 23, 2007.

If the cockpit of a Boeing 747 were as badly designed as some kitchen appliances, most of us would never make it to Denver alive. Imagine a jet pilot having to fumble around for the landing gear lever because it looks just like all the other controls.

I've owned (or inherited) far too many domestic appliances with just such inane shortcomings and more, and it's gotten me to wondering: Don't the engineers and stylists who design these products at least try them out at home for the weekend?  more...

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