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Philip Raices

For Sale by Owner Quiz

1. What is your home really worth? The correct selling price on a home is vital. Too high and it won't sell and you'll lose the best prospects. Too low and you may actually lose money.


2. How do you qualify a prospect? When prospects inquire about your property and you are tempted to enter into a purchase agreement, how can you protect yourself from non-productive involvements?


3. Are you willing to admit all strangers who want to see your home? Your For-Sale-By-Owner sign is an open invitation for all types of people and it's difficult for you to question their motives.


4. How do you solve the prospects problems? Many buyers must sell or finance their present homes before they can buy another. Creative financing is a critical factor in selling a home.
Sell your home the professional way - through a Realtor

The Importance Of Location

Any Realtor will tell you that the three most important factors concerning the value of your house are: "Location, Location, and Location." Unfortunately, most home buyers ignore this important advice.

Location is especially vital when buying a house for maximum resale value. Statistics say that you will be reselling your home long before the final mortgage payment is in the mail. Therefore, take a long, hard look, not only at the present, but the further prospects for the community and immediate neighborhood.

Select a location where raw land and house values have an increasing price trend. Especially check into the zoning laws for any unfavorable change, which could cause a -depreciation in the value of the neighborhood and the resale price of your home in the near future.

Remember - you can remove, replace or remodel a house, but you can never change location. So choose carefully.