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Real Estate
The Real Estate Adviser |
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March 29, 2007
Real Estate Advisor: Can't sell? Then try divine intervention
What do you do when the housing market is slow and you absolutely must sell? You pull out all the stops and pray for the best.
Let's focus on the “pray” part of a moment. More than 15 years ago, when home prices plummeted along with the hopes of many would-be sellers, I wrote about an ex-Jesuit priest and his family who bought a new home in another city. They cleaned, polished and painted but could not find a buyer. Carrying two mortgages at the same time began to take a heavy toll. To help speed the process, they buried palm leaves in the four corners of their lot and said a few prayers.
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Previous columns:
- The Real Estate Adviser: Four reasons real estate beats stock investments, 03-15-2007
- The Real Estate Adviser: Beware the pitfalls of seller financing, 03-08-2007
- The Real Estate Adviser: Off season best time to shop for 2nd home, 03-01-2007
- The Real Estate Adviser: Reverse mortgages come with fixed rates, 02-22-2007
- The Real Estate Adviser: More snowbirds nest in Mexico, developers follow, 02-15-2007
- The Real Estate Adviser: U.S. lenders not racing into Canadian market, 02-08-2007
- The Real Estate Adviser: Legislators, lenders brace for more reverse mortgages, 02-01-2007
- Real Estate Adviser: Borrowers with 100% loans worry Wall Street, 01-25-2007