Tips for Home Buyers and Sellers

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Tips for Sellers

Price Your Home According to the Current Market Just because a house comparable to yours sold for a very high price last year does not mean you will be able to realize the same price when selling your home now. Work with a full-service real estate professional to determine the appropriate, competitive listing price for your home. Remember that in this market, your sales associate may encourage a list price in accordance with other homes currently on the market, rather than those previously sold.

Be Thankful for Appreciation While price appreciation has slowed in some markets in 2006, it is important to look realistically at the financial gains you have made over the years through your home equity.

Make Your Home More Marketable When a buyer sees your house for the first time, a critical first impression is made. If applicable, maximize curb appeal by trimming trees and planting flowers. A fresh exterior coat of paint might also prove valuable. Consider neutral colors for interior walls and carpets. Dark colors on walls, along with unnecessary clutter, make rooms look smaller.

Offer a "Seller's Contribution" A seller can sweeten the deal by including offering assistance to the buyer in ways that do not require lowering the asking price. These tactics can allow your home to stand out from the crowd. They can include buying down the interest rate on the buyer's mortgage, offering to pay a portion of the buyer's closing costs and covering the buyer's mortgage payments for up to the first six months.

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