Being Reasonable

Rising real estate inventories are presenting buyers with more options and sellers with more competition. If you price a home reasonably, buyers will buy. If buyers make a reasonable offer, sellers will sell. For sellers, pricing is still the biggest factor in a listing's success or failure. Sellers, buyers and real estate agents all stand to lose from an overpriced property.

A buyer’s negotiating skills are critical. Contrary to widespread media reports of sellers panicking under the weight of foreclosure, most sellers are in fact in good enough shape to wait for a fair offer.

Buyers and sellers are still coming together in record numbers that would have been unthinkable just ten years ago. Most home sales are taking place due to traditional reasons: job relocation, growing families, retirement, or downsizing.

Your best insurance for a satisfactory sale or purchase is with the knowledge and skills of a professional representative. If you're unsure about our local market, schedule a cost-free, obligation-free consultation with an agent you know and trust. Then move with confidence!

To search the MLS visit my site ! www.MadisonVaRealEstate.com

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Long term advantages

You've been reading negative stories about the housing market, and while some are experiencing a slowdown, you can still pursue the American Dream. Remember that housing is a long-term investment. Some people tried to create high yields over the short term, and that's part of the reason so many markets are experiencing readjustments now. Regardless of whether housing is up or down, individuals and families will always have a need to buy or sell. Interest rates and prices are at historical lows, creating an excellent atmosphere for qualified buyers. When reading the gloom and doom about foreclosures, it's important to keep the reports in perspective. Most defaults are associated with sub-prime lone, which account for less than 10% of all mortgages. Turn to the advice and guidance of a trusted local real estate professional, and take advantage of positive forces in the current housing market.

web site: www.MadisonVaRealEstate.com

What's Your Estimate?

No one expects you to be able to appraise a home. It's a professional's responsibility to provide an independent estimate of either your home's value, or the value of a home you are interested in purchasing.
While the bank uses the appraisal to guarantee your home's tangible value against the mortgage, such documentation also ensures that you're not overpaying for your home. While your lender usually selects the appraiser, be aware that federal law guarantees you a copy of the report.
When selling your home, a professional appraisal will validate your list price, and assure you that you are getting what your home is worth. It’s a good idea to produce receipts for septic or roof repairs, or work on your heat and air conditioning. This proves your responsibility and pride-of-ownership, adding real and perceived value to your home.
If you're suspicious of an appraisal, ask a realty professional to provide a Competitive Market Analysis based on the most recent closings in your area. Sometimes another opinion is all you need to put your mind at ease.