Keep these five things in mind when entering a potential bidding war.

By MSN Real Estate partner 4 hours ago

© Tetra Images/SuperStockBy Michael Corbett, Trulia


When it comes to buying a house, the highest priced offer gets the house, right? Not always


Conventional wisdom suggests that during negotiations, especially in a multiple-offer situation, whomever throws the most money at the seller will snag the house. That's not always true.


Sure, a hefty sum on an offer is the first thing that every seller wants to see, but any good real estate agent will advise their seller that each offer is a sum of its parts.


Here are five things to keep in mind to help you try and beat that higher offer.


The late singer's home features a gatehouse built to keep fans out of the neighborhood during the height of his popularity.

By MSN Real Estate partner 5 hours ago

Aspen Snowmass Sotheby’s International Realty/ZillowBy Emily Heffter, Zillow


John Denver released his song "Take Me Home, Country Roads" in 1971. And then he built his Aspen, Colorado, estate the next year, tucked into the country roads in the Starwood community.


The folk singer was so popular in 1972 that fans started driving into the private neighborhood. At his neighbors' request, Denver built a gatehouse at the entry to keep the country roads clear. Now the late singer's house and guesthouse are for sale for $10.75 million.


The listing agent, Carol Dopkin of Aspen Snowmass Sotheby’s International Realty, was a friend of Denver's and attended his annual birthday parties on New Year's Eve, when he would hang out with his friends in the kitchen.

Tags: celebrity

An analysis of social-media usage reveals the real estate agents with the most Twitter followers.

By MSN Real Estate partner 7 hours ago

Noel Hendrickson/Getty ImagesBy Stefanos Chen, The Wall Street Journal


In real estate, does the chirpy bird get the worm?


Spread Sheet wondered how many "tweets" go out each day from real estate agents and offices using Twitter accounts to promote listings, open houses and other real-estate news. The answer: about half a tweet a day, per agent, statistically speaking.


Klout, the social-media analytics company, searched millions of Twitter accounts and identified more than 80,000 Twitter "handles" in which the user-submitted bios included the words "real estate agent," "real estate broker" or "Realtor." While agents and offices had an average of 321 followers per account — they sent out a measly 0.5 tweets per day.

Tags: celebrity

Michael Jackson's 2,700-acre property will soon hit the market, sources say.

By MSN Real Estate partner Thu 12:53 PM

© Jason Kirk/Getty ImagesBy Zack O'Malley Greenburg, Forbes


Although Michael Jackson moved out of Neverland years before his untimely passing, the 2,700-acre property remains indelibly associated with the King of Pop to this day. Soon, however, the connection will be only in thought, not deed: Neverland is set to be sold.


According to sources familiar with the matter, billionaire Tom Barrack's Colony Capital is preparing to put the Los Olivos, Calif., property on the market. The firm became Neverland's managing partner after Barrack struck a deal with Jackson in late 2007 to take over the $23 million note held by private equity fund Fortress.

Tags: celebrity

Foreclosures themselves are down nearly 10 percent from last year, CoreLogic says.

By MSN Real Estate partner Thu 11:47 AM

By Mamta Badkar, Business Insider


Post begins below chart


Unofficially known as 'Potterville,' this Montana subdivision takes to the streets to show its love for the book and movie franchise. See what's for sale here.

By MSN Real Estate partner Thu 10:03 AM

WireImage/Getty ImagesBy Emily Heffter, Zillow


When the muggles who live in this neighborhood on the west side of Missoula, Montana, talk about their subdivision, they don't call it by its given name, Windsor Park. They always call it Potterville.


That's because all the streets are named after words and characters in the wildly popular Harry Potter series of books and movies.


"My husband may have maybe rolled his eyes a little bit when he realized what we were getting into," said Jennifer Piippo, who lives on Potter Park Loop. She's a fourth-grade teacher and is well-versed in the intricacies of the seven-book franchise.


Mortgage companies processing HAMP applications can't keep up with demand, watchdog's report finds.

By MSN Partner Thu 8:53 AM

By Joe Light, The Wall Street Journal

WSJThe Obama administration's signature program to aid struggling homeowners has hit another speed bump: The mortgage companies processing applications can't keep up with demand.


More than 221,000 applications to the Home Affordable Modification Program were waiting to be processed by mortgage servicers at the end of May, according to a government report scheduled for release Wednesday. That is up from a backlog of 133,649 unprocessed applications at the end of November.

Tags: loans

In the next six months, 67 percent of consumers may be making over some part of their home, according to a survey.

By MSN Real Estate partner Wed 1:20 PM

© Digital Vision/PhotolibraryBy Scott Gamm, MainStreet


Consumers are shelling out money to improve their homes, a new survey says.


According to, 67 percent of consumers plan to renovate within the next six months and some 32 percent will spend over $10,000 on renovations.


"This shows there is some disposable income out there among homeowners," says Leslie Piper, a housing specialist with "There is a lot more consumer confidence out there and this is a great direction for the real estate market."


Some 32 percent of respondents cited improving the home's appearance as the reason for renovating, while 22 percent linked the renovations to preparing the home for a future sale. Only 11 percent said the renovations where to improve the property's value.



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