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Money

How to sell your house when hardly anyone is buying

How to sell your house when hardly anyone is buying
BY WARREN BOROSON
NEWJERSEYNEWSROOM.COM
BOROSON ON MONEY

“How’s business?” I asked a real-estate agent recently.

“Terrible,” she replied.

Wow. For a real-estate agent to admit that things are less than hunky-dory means that things are really, really terrible.

People are still buying houses – just not as many. The buyers include people whose jobs are transferring them, people moving down or up, people looking for bargains, people getting married, people getting divorced.

Now, I don’t want to boast, but I once co-authored a book called “How to Sell Your House in a Buyer’s Market.” 301 pages.

And mainly what I said was: Lower the price.

Forget about what your house could have sold for five years ago. Ignore what your ex-neighbor told you about his own selling price. Forget about all the expensive improvements you made on your house – like that swimming pool.

Find out what houses similar to yours have actually been selling for.

And underprice your house a bit.

 

Failure of Congress to fund FAA leads to furlough of 651 N.J. federal workers

Failure of Congress to fund FAA leads to furlough of 651 N.J. federal workers

N.J. AFL-CIO president says more unemployment last thing state needs

BY TOM HESTER SR.
NEWJERSEYNEWSROOM.COM

The furlough of as many as 629 employees at the William J. Hughes Technical Center in Egg Harb...

Comparing prices of N.J. utility companies can be difficult

Comparing prices of N.J. utility companies can be difficult
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

Since August 1999 under New Jersey’s energy deregulation law, the supply and delivery portions of your natural gas or electric bill have been separated, allowing custom...

What the debt ceiling means for small businesses

What the debt ceiling means for small businesses
BY ROHIT ARORA
ON SMALL BUSINESS

President Obama is working with Congress to arrange a short-term deal to prevent a financial default on Aug. 2, but only if a larger and still elusive deficit-cutting ag...

Online gambling moving forward in New Jersey

Online gambling moving forward in New Jersey
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

State Senator Raymond Lesniak believes New Jersey should legally be able to allow online gambling inside its own borders.

According to the Courier Post, Lesniak plans to ...

Is the capital gains tax break coming to an end?

Is the capital gains tax break coming to an end?
BY GERALD J. ROBINSON
NEWJERSEYNEWSROOM.COM

Yes, if the recommendations of the “Gang of Six” and President Obama’s National Commission on Fiscal Responsibility and Reform get their way.

One of the Commis...

Ten good reasons to buy the Appleseed Fund

Ten good reasons to buy the Appleseed Fund
BY WARREN BOROSON
NEWJERSEYNEWSROOM.COM
BOROSON ON MONEY

Here are 10 reasons why I’m buying shares of the Appleseed Fund (in Chicago):

  1. It's not tightly correlated with most existing portfolios. Its R-squa...

More New Jersey jobs expected for import-export industry

More New Jersey jobs expected for import-export industry

Christie administration boasts its pro-business strategy a key factor

Since late January of last year — the same time when Gov. Chris Christie took office — there have been 14 new foreign direct invest...

N.J. unemployment: Private sector improves but job market worsens for state

N.J. unemployment: Private sector improves but job market worsens for state

Jobless rate rises 0.1 to 9.5 percent

BY TOM HESTER SR.
NEWJERSEYNEWSROOM.COM

The state on Thursday released figures showing that 11,600 New Jerseyans found work in June but another 6,000 lost their jobs...

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