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About Appraisals >Working With A Real Estate Agent
It is not unusual for homeowners to yield to the temptation to try to sell their own home. It seems easy enough--just place an ad in the weekend paper and wait for buyers to show up. Although it may seem simple, real estate sales transactions are extremely complex proceedings.
The first pitfall can come with pricing your property realistically. Homeowners often price their property too high initially, then drastically slash the price when weeks go buy without an offer. Even if a prospective buyer agrees to the initial asking price, there could be complications if the buyers begin to feel that they have agreed to pay too much, or if the lender's appraisal values the property at far less than the agreed-upon price. Some clients hire agents to market their home professionally after weeks or months of trying to sell their own home without success, or after their FSBO transaction fell through.
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| Q |
Where are the highest median price homes in the United States currently located?
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| A |
According to the NAR, the highest median price in the second quarter of 2005 was $726,900 for homes in California's San Francisco Bay area. |
See More Real Estate Trivia > |
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Randal and Cindy Whipple Team Prudential Real Estate Professionals 497 Oakway Road, Suite 400 Eugene, OR 97401 Office: (541) 984-2526 Fax: (541) 984-2585 RandalandCindyWhipple@NUMBER1EXPERT.com
The Randal & Cindy Whipple Team is Eugene's #1 Realty Team with more than $38 million in annual sales. They rank in the top 1% of Prudential agents nationwide. Randal is a former stock broker and local CBS television news anchor. Cindy offers more than 20 years of real estate sales and management experience. Their team of real estate professionals is ready to work for you!    
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