Market update:

  • There are currently 938 residential properties on the market, including 36 foreclosures and 62 short sales.
  • The average sale price in April was $267,568, relatively unchanged from March.
  • The average new listing price was $320,360 in April, down from $348,026 in March.
  • Homes sold for 94% of their list (asking) price in April.

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 Closing on a house can be joyful or horrific. Follow this advice for a smooth settlement.

You finally found the house of your dreams. You signed a contract and were approved for a mortgage. You've even hired the movers. Now comes the important part: the closing.

In an ideal world, closing should be a mere formality, where homebuyer and seller sign on the dotted lines, exchange checks for the keys and shake hands. But this isn't an ideal world, which means that if you and the professionals you hired don't prepare, your closing could be a disaster.

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-By Polyana da Costa of  Bankrate.com

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