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1.
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.
2.
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.
3.
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.
4.
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.
5.
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.