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The Gladys Blum Group, REALTORŽ, real estate agents and broker for Salem Oregon home listings, property and land for sale - NUMBER1EXPERT(tm)

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Pricing >The Value of Your House

One of the sayings from the "gold-rush" days--"Them that's got the gold, sets the price!"--is also a principle that applies to real estate. We say that a house is only worth what someone will pay for it, even though the owner, the bank, and the agent all have their own opinions about the "market value" of a home. In other words, no sale ever takes place until the buyer agrees with the price.

How can sellers arrive at the maximum "fair" price that buyers are willing to pay? Buyers (and appraisers) make their decision based on comparisons. While shopping for a home, buyers will visit many similar homes in their price range and measure the features of each one against the price. They decide which house offers them the maximum value for the price. Buyers do not expect a home to be a "steal" or dramatically under-priced, but they do expect it to be a fair value.

Sellers must determine the value that their home offers in order to arrive at the right price. The real estate agent will advise the sellers what buyers should be willing to pay for their home, but the asking price is set by the seller.

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Q	What does the common acronym FSBO (pronounced fizzbo) stand for?
A	For Sale By Owner. (Between 85 to 95% of existing homes are sold with a Realtor's help.)
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The Gladys Blum Group
Real Estate Services
2150 Commercial St. SE
Salem, OR. 97302
503-485-1900
503-485-1800
Toll Free: 1-800-833-0463
Fax: 503-485-1950
Email: info@gladysblumgroup.com

Gladys has been working in real estate since 1977 and in Salem real estate since 1979. She has been Salem's #1 Realtor since 1985 and has been recognized nationally throughout her career. Her team of outstanding professionals has also been recognized for their commitment to service and excellence. The Gladys Blum Group is truly the MOST TRUSTED NAME IN SALEM REAL ESTATE and is ready to serve you with the latest in technology & service!

MLS REALTOR

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