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1.
When selling your home, a good way to find out the asking prices of similar homes is to _______.
Check out online listings of homes for sale. Home sellers typically set prices above what they'd actually like to receive for their home to leave room to negotiate, so finding out what homes are listing for is important.
2.
Your home will, in many cases, sell more quickly when home mortgage interest rates are _______.
Low. Low mortgage interest rates translate into more affordable monthly payments for home buyers, which widens the pool of potential buyers for your home and other homes on the market.
3.
When selling your home with an agent, it is best if you can be there in person to meet any prospective buyers who come to look at it.
False. Generally, it is best if you are not there, because buyers tend to refrain from asking important questions while in your presence.
4.
"FSBO" is an abbreviation used by people selling their homes. What does it mean?
For sale by owner. FSBO is the abbreviation of those who are selling on their own.
5.
The traditional full-service commission rate charged by real estate agents for selling homes is _______.
5-6%. This is the rate that real estate agents have historically charged. As house prices have risen and the real estate market has become more competitive, many agents will work for a lower commission or will take on portions of the job.