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Real Estate Tips
Pricing >Sellers Beware

Here is a scenario for sellers to avoid. You contact a real estate agent to list your home and the agent suggests that you might get more for your house than comparable homes on the market. The agent assures you that it only takes finding one person who is willing to pay your price!

Some agents approach a listing appointment as if they are bidding for your home. The unfortunate result is that you start out with an unrealistic opinion of your home's value. There is often a strong temptation to work with a person who says what you want to hear. An experienced, reputable real estate agent will back up their opinion of your home's value with hard data. The agent should give you information about the listing price of homes that are currently on the market, and recent selling prices of similar properties in your immediate area.

Even the most heroic marketing efforts won't work on a property that is obviously overpriced, (except in the most exaggerated of seller's markets.) Even if you find a buyer who is willing to pay more than your home is worth, the sale could fall apart when the appraisal comes in lower than the agreed-upon price. Listen to everything, but be careful!

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Real Estate Trivia
Q 
What classic 1932 movie scene was filmed between 923 and 935 Vendome Street in the Silver Lake district of Los Angeles?

A 
Laurel and Hardy tried to lug a heavy piano up a really long outdoor stairway in "The Music Box."
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Chuck Hartell, REALTOR®, real estate agent and broker for Maple Grove, Otsego, Monticello and Elk River, Minnesota home listings, property and land for sale - NUMBER1EXPERT(tm)

Chuck Hartell
Edina Realty

10001 James Ave, NE
Monticello, MN 55362
Phone: 612-991-7168
Fax: 612-295-3807
Chuck@ChuckHartell.com


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