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Real Estate Tips For February 2014

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Here are 10 Tips that will significantly help you and give you greater insight into how I view the world of real estate.

Tip #1
Advertising that a property is priced at the appraised value will increase buyer and agency inquiries and showings and offers.

Tip #2
Agreement of sale verbiage that buyers will assist with an appeal if the appraisal comes in low can prevent transactions from terminating.

Tip #3
Agreement of sale verbiage that buyers will accept alternate financing if the appraisal comes in low can prevent transactions from terminating.

Tip #4
Agreement of sale verbiage that buyers will put additional money down if the appraisal comes in low can prevent transactions from terminating.

Tip #5
Agreement of sale verbiage that sellers will agree to reduce sales prices if the appraisal comes in low can prevent transactions from terminating.

Tip #6
There is a big difference between average, median and individual values.

Tip #7
Average and median values are calculated on group sales. Individual values are not.

Tip #8
It is mathematically possible for average and median values to increase, while at the same time, individual ones are decreasing.

Tip #9
Many housing reports are misleading because they are reporting an increase in average and median values, not individual ones.

Tip #10
A unified duress and non-duress appraisal system would significantly help with U.S real estate market and overall economic recovery.

Remember to look for my “Real Estate Tips For March 2014” article in about four weeks.

Respectfully,

Phil Mitsch

Agents’ Note: Phil Mitsch is America’s leading economic recovery, real estate, lending and motivational coach. He is also the real estate industry’s all time, top producing residential Realtor. His 1) biography, 2) testimonials, 3) seminar topics, 4) books, 5) videos, 6) audios, 7) economic recovery tips, 8) real estate tips, 9) lending tips and 10) motivational tips can be found at www.PhilMitschForAmerica.com. For further information, contact Phil Mitsch Enterprises in Cherry Hill, New Jersey at 856-665-6569, on Twitter at @philmitsch, or by email to philmitsch@verizon.net.

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