MAY 2002
Risa's Pieces
Volume 5 Issue 5
Questions I Am Often Asked
When selling your home, you may need to adjust your listing price if the market is continuously changing. When a home initially attracts a great deal of attention but then no offers are made, your agent should find out why prospective buyers did not make offers. If the response is that the price is too high, consider making an adjustment.
Before you adjust your list price, ask your agent to provide you with information about the most recent listing and sales activity of homes similar to yours. Find out what other homes are on the market and how much these properties cost.
Investigate the overall market conditions. Find out if interest rates or consumer confidence has changed.
Keep in mind that a lower price may attract more than one offer for your home.
In that case, the bidding can increase the value.
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Know before you go: The Appraisal fee
So, you’ve found the perfect home at the perfect price and now it’s time to close the deal ... right? Wrong! Don’t forget about the appraisal! An appraisal is an estimate of the market value of a home. Appraisals help both the lender and the buyer determine if the sales price is consistent with the actual value. An appraiser inspects the house and the neighborhood and makes an estimate based on the price of comparable houses and other factors. The appraisal provides no guarantee that the property is free of defects. Lenders insist on an appraisal to see how much they could recover by selling your house if you default. The fee for this service may vary considerably, depending on the specific characteristics of your home
This months joke:
Question: Can April March?
Answer: No, but August May
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NEW FEATURE!
Question: : Why Use a CRS?
Answer: Certified Residential Specialists want to make your home-buying or home-selling process easy, enjoyable and the most profitable for you. Through significant experience and advanced education in areas such as finance, technology and marketing, CRS Designees offer the expertise and professionalism that put them in the top 5 percent of residential sales agents nationwide
Have questions? email Risa at questions@risa.net or call her at 1-800-699-4901
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