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Pricing >Sellers Beware

Here is a scenario for sellers to avoid. You contact a real estate agent to list your home and the agent suggests that you might get more for your house than comparable homes on the market. The agent assures you that it only takes finding one person who is willing to pay your price!

Some agents approach a listing appointment as if they are bidding for your home. The unfortunate result is that you start out with an unrealistic opinion of your home's value. There is often a strong temptation to work with a person who says what you want to hear. An experienced, reputable real estate agent will back up their opinion of your home's value with hard data. The agent should give you information about the listing price of homes that are currently on the market, and recent selling prices of similar properties in your immediate area.

Even the most heroic marketing efforts won't work on a property that is obviously overpriced, (except in the most exaggerated of seller's markets.) Even if you find a buyer who is willing to pay more than your home is worth, the sale could fall apart when the appraisal comes in lower than the agreed-upon price. Listen to everything, but be careful!

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Q	What is the most common name for a city in the United States?
A	Fairview is the most common city name, according to the 1996 Top Ten of Everything Book.
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Patie Millen, REALTOR®, real estate agent and broker for Ashland, Medford and Rogue Valley, Oregon home listings, property and land for sale - NUMBER1EXPERT(tm)

Patie Millen
Royce Real Estate Services
145 East Main Street
Ashland, OR 97520
Phone : 541-301-3435
EFax: 503-210-7899
patie@ashlandoregon.com
Call us. We are always happy to answer your questions. Or email us and let us know the type of property you would like to find. We are experts in Southern Oregon and it is our privlege to assist you.

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