Choose wisely. There is only one correct answer to each question.
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1.
When setting an appropriate selling price for your home, the most important factor is _______.
Recent sale prices of similar homes in your neighborhood. Known as "comps," the selling prices, not the asking prices, of similar homes in your area are the most objective guide in terms of setting a realistic selling price for your home.
2.
"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.
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.
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 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.