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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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Q	What is the average age of a first-time homebuyer in the United States today?
A	The average age of a first-time U.S. home buyer is 32 years.
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Frank Ledermann, REALTORŽ, real estate agent and broker for Scarsdale, Eastchester, and New Rochelle New York home listings, property and land for sale - NUMBER1EXPERT(tm)

Frank Ledermann - Lic. Associate Broker
Houlihan Lawrence Real Estate
32 Popham Road
Scarsdale, NY 10583
Phone #: 914 723-8877 Ext 337
Cell #: 914-261-8888
Fax #: 914-723-3548
Email: frankledermann@NUMBER1EXPERT.com
With over 29 years of experience as a Realtor, Frank Ledermann of Houlihan Lawrence Real Estate of Scarsdale was a 2004 Gold Level," a 2005 and 2006 "Platinum Level," and a 2007 and 2008 "Diamond Level" Top Producer for the Westchester County Board of Realtors. He was also the #1 Top Producer for the Scarsdale office of Houlihan Lawrence for 2005, 2006,and 2007 as well as an Emerald Level residential real estate specialist who ranks in the top 3% of all Houlihan Lawrence agents. Frank prides himself on excellent customer service and making each and every real estate transaction a smooth experience for both Buyers and Sellers. As a lifelong learner, Frank has continued his real estate education above and beyond being a Licensed Associate Broker, and holds the following professional real estate designations: ABR (Accredited Buyer Representative), CBR (Certified Buyer Representative), CRS (Certified Residential Specialist), GRI (Graduate, Realtor Institute), SRES (Seniors Real Estate Specialist), and e-PRO (e-PRO certified). Frank is also Relocation Certified with "Leading Real Estate Companies of the World" (formerly known as RELO).

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