Choose wisely. There is only one correct answer to each question.
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1.
When putting your home up for sale, what step might you have to take if you must sell your home in an unfavorable home-buying market?
Accept a lower price. If conditions for selling your home aren't favorable, you might have to accept a lower price than you'd like to achieve the goal of selling your home.
2.
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.
3.
When deciding whether it is a good time to sell your home, why should you pay attention to the local jobs situation?
When there are enough jobs that pay well, people will have more buying power. An area with a lot of high-paying jobs translates into many available buyers for your home, at your asking price.
4.
The main reason people try to sell their homes without an agent is _______.
To save on commissions. The commissions can be quite large; some people aim to save money by selling on their own.
5.
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.