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Real Estate Tips
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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Real Estate Trivia
Q 
How did actress Jayne Mansfield decorate her Hollywood "Pink Palace" without buying any furniture?

A 
She wrote to furniture suppliers asking for free samples, telling them they could brag that their furniture was in her outrageous mansion. She received over $150,000 worth of free merchandise.
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The Thomas Team, REALTOR®, real estate agent and broker for Evanston, Wilmette and Winnetka, Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)

The Thomas Team
Coldwell Banker Residential Brokerage

1508 Sherman Ave
Evanston, IL 60201
Mike: 847-322-6968
Lene: 847-322-8757
Fax: 847-939-5633
Mike@MichaelThomasRealty.com

Teamwork! That sums up our relationship with our clients. The Thomas Team and YOU are working together towards a common goal - To satify your real estate needs! Integrity, honesty, dedication and market knowledge are our guides! We're with you "Every Step of the Way".

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