Choose wisely. There is only one correct answer to each question.
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1.
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.
2.
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.
3.
"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.
4.
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.
5.
When it comes to saving money on the real estate commission, which of the following is an example of a task that a real estate agent might take on for a lower commission?
All of the above. You may have to shop around to find an agent willing to take on parts of the job of selling your home for less money, but it can be done.