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Real Estate Tips
Accepting An Offer >Know Your Price Range

As a homebuyer, you may have found the perfect new house for your growing family, but what if it is a little out of your price range? You might list your current home for more than it is worth and be lucky enough to find a qualified buyer who is willing to pay the price, but it is impossible to know in advance what your home will sell for.

If you want to sell your home quickly, have a frank and detailed conversation with your real estate agent to determine the best price for the house. Setting your price within 5% of the fair market value of your home greatly increases your chances of getting solid offers that will result in a relatively quick sale.

Don't buy and sell so close to your target amount that you become anxious when the numbers don't meet your expectations. There may be other approaches, such as adjustable rate mortgages or owner financing, to increase your buying power and get you into that new home. When you are selling one home and buying another, you will need more than good luck. You will need a highly professional and experienced real estate agent who can give you solid advice on how to make the transaction work for your particular requirements.

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Real Estate Trivia
Q 
What is the legal term used to describe the right of the U. S. government to condemn private land for public use?

A 
Right of Eminent Domain allows the government to confiscate private land by paying full market value for the property.
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Kara M. Thoms, REALTOR®, real estate agent and broker for Summit, New Providence and Berkeley Heights, New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)

Kara M. Thoms
Lois Schneider Realtor

431 Springfield Avenue
Summit, NJ 07901
908-376-2709
E-Fax: 908-275-9155
Kara@KaraThoms.com

Below are a few of the educational achievements I have obtained:

ABR CRS ePro Equal Housing GRI MLS REALTOR RELO


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