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- SELLER'S
LIBRARY
"The Seven
Rules of Selling"
By Thomas Ervin
Thomas Ervin is a nationally
syndicated real estate columnist.
In order for you to obtain the highest possible selling
price for your home, you must work closely with your Realtor®.
The seven rules of selling listed below comprise the items that a
homeowner can contribute to a successful marketing effort.
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BE PREPARED TO SPEND MONEY PREPARING YOUR
HOME FOR SALE
Many homeowners are very hesitant to invest additional money in
their home at the time they are selling it. Although understandable,
these feelings may rob you of a much higher selling price.
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PRICE IT RIGHT
Price your home in accordance with the current realities of your
local real estate market. Ask your Realtor for a competitive market
analysis.
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COOPERATE WITH YOUR REALTOR®
Some homeowners limit the effectiveness of the Realtor®
by prohibiting "for sale" signs, open houses, or lock
boxes. Don't eliminate any selling tools.
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KEEP YOUR HOME IN A STATE OF READINESS
You may not get much advance notice that potential buyers would like
to see your home. Try to keep bedrooms, bathrooms, and kitchen in
"better than usual condition" so that you won't panic when
getting ready for a showing.
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MAXIMIZE THE APPEAL OF YOUR HOME DURING
SHOWINGS
Turn the lights on even during daylight hours. Be sure that the
house doesn't have the odor of strong smelling foods. Let the
Realtor® conduct the tour.
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BE WILLING TO CONSIDER A PRICE REDUCTION
Sometimes, the best way to get top dollar is to reduce your asking
price. The original price may have been a little too ambitious or
perhaps the interest rates or the local economy have changed since
the original price was set.
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BE A REASONABLE NEGOTIATOR
Some owners become very emotional at the time an offer is made on
their home. Don't let these strong feelings cloud your judgment when
considering an offer.
(Reprinted with permission from author)
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