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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.
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.
3.
When selling a home, the _______ is the price that the seller wants to receive.
Asking price. The fair market value and the selling price are different, but relevant, prices.
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.
What is the name of the most commonly used service that lists homes for sale?
Multiple Listing Service. The MLS, as it is abbreviated, is the premier site used to advertise homes.