Money Matters - Simplified

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My Home

Million-Dollar Homes at Half Price

Some things we know in our heads, and others we know in our bones. I suspect that great investors understand the importance of seeking value deep in their bones, while people like myself often just pay it lip service.

Think About This Before You Sell Your Home

If you're looking for impassioned differences of opinion in the field of real estate, look no further than selling a home by yourself, which is typically referred to as FSBO (for sale by owner). I've written before about the advantages of going FSBO and about the advantages of using a real estate agent. And I've received numerous emails from readers sharing additional thoughts. Permit me to share a few of them with you:

Save Money on Property Taxes

What could be worse than your home losing value? Paying taxes based on its old, higher value.

During the real estate boom, the appraisals that state and local governments used to assess property taxes went through the roof in many areas. Pointing to state laws that often require valuations that reflect changes in fair market value, tax assessors argued that they had no choice but to hike taxes. While some homeowners found themselves with tax bills that were difficult to afford, the governments that collected those taxes came to rely on them for funding.

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What to Do When Your House Won't Sell

It wasn't that long ago when you could put your house up for sale and expect to get people making offers that very morning. In hot areas, you could even expect those offers to be above your asking price.

How to Buy a Home With $500

For me, making the most of $500 means saving on groceries or investing in an index fund. How tame. Rob Ketterer, a 28-year-old government consultant, turned $500 into a new house within two years.

Risky Mortgages Still Plentiful

You'd think that with all the subprime mess going on around the country, lenders would be reining in their excesses. But as I found out from a telemarketing phone call the other day, you can still fin

How to Buy a Home With $500

For me, making the most of $500 means saving on groceries or investing in an index fund. How tame. Rob Ketterer, a 28-year-old government consultant, turned $500 into a new house within two years.

Should Meritage Be Written Off?

The housing market has been little more than a pile of rubble these days. New-home sales fell by 1.6% in May, according to the Commerce Department -- the fourth month of declines in the last five. Indeed, the median selling price of a house fell 2.1% from last year, to $223,700.

Long-term morgage rates continue drop

Mclean, Va. -- Long-term mortgage rates in the United States drifted lower this week for the third consecutive week, a U.S. government report says.

The 30-year fixed-rate mortgage averaged 6.63 percent with an average of 0.4 point, down from last week's 6.67 percent average, Freddie Mac, the Congress-chartered home lender, said in its weekly survey.