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School Reports in Montgomery County, Rockville and Potomac, Maryland

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Pricing >Price and Condition

Pricing a house is one of the most important parts of the marketing process. You want to get as much for the property as you can, but if you set the price too high, you can turn away qualified buyers. Your real estate agent can tell you the selling price of homes comparable to yours. Pricing strategy depends on market conditions, and it is different in a buyers' market than it is in a sellers' market.

If your home is overpriced, the marketplace will reflect that to you. When a property fails to sell in a reasonable period of time, you and your real estate agent should have a frank discussion to determine whether too high a price tag is the reason. Your real estate agent will also be getting feedback from other agents who have shown your home.

Remember that price is only one factor. Consider ways you can make the property more attractive to show by handling needed repairs, improving curb appeal or making cosmetic improvements. Improve the condition of your home and you will improve its chances of selling.

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Q	Who is "Freddie Mac", and why is he a big name in real estate?
A	"Freddie Mac" is the nickname for FHLMC, the Federal Home Loan Mortgage Corporation, which buys mortgages from lending agencies, thus allowing lenders to continually replenish funds for new mortgage loans.
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Diane Hayes, REALTOR®, real estate agent and broker for Montgomery County, Rockville and PotomacMaryland home listings, property and land for sale - NUMBER1EXPERT(tm)

Diane Hayes
RE/MAX Premiere Selections
11325 Seven Locks Road #217
Potomac, MD 20854
Tel: 301-428-0010
Fax: 301-299-1004
Email: dianehayes@NUMBER1EXPERT.com
Diane has been helping buyers and sellers with their real estate needs since 1981 and would love to help you.

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