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Reprinted from REALTOR® Magazine www.realtor.org by permission of the NATIONAL ASSOCIATION OF REALTORS®. Copyright 2003. All rights reserved.

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Welcome > For Buyers > Latest Listings ...

Find Out About the Latest Tri-Cities: Richland, Kennewick and Pasco Area Homes for Sale Before Anyone Else!

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Pricing >Market Value

The first step you take when putting your home on the market is establishing the price. A professional market analysis can help you determine what the property is worth. Contact a real estate agent who is familiar with your area to get prices on the homes that are for sale and to see how long they have been on the market.

Your real estate agent will be able to provide you with information about the actual sale prices of homes that are similar to yours. He or she can also tell you about the features that influence the value of each property, such as the number of rooms, the overall condition, and the extra amenities -- home office, finished basement, luxury bathroom, hardwood flooring.

You can establish a market value for your home by putting all of this information together. If you price your home within 5% of the established market value, it should sell quickly.

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Q	What does "contingency" mean in real estate?
A	A contingency is a specified event that must take place before a home purchase contract is binding; for example, a sale can be said to be "contingent upon the sale of the buyer's current residence."
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Laura Harris-Hodges, REALTOR®, real estate agent and broker for Tri-Cities, Richland, Kennewick and Pasco, Washington home listings, property and land for sale - NUMBER1EXPERT

Laura Harris-Hodges
Coldwell Banker Tomlinson Associated Brokers
8836 Gage Blvd Ste 101-B
Kennewick
WA 99336
509-737-3092
Fax: 509-783-5826
lharris@cbtabs.com
Buying and selling a home is serious business ... after all, for most of us, it is the most important investment we possess. When it comes to selecting a professional, you want a person with the knowledge, characteristics, and resources necessary to best look after your interests. With over 17 years of real estate experience, Laura goes the extra mile for all of her clients. That’s why she constantly researches the market and property values to insure that you achieve your goals. Laura is ranked in the top 1% of all Coldwell Banker agents nationally and is a Seniors Real Estate Specialist (SRES), Certified Residential Specialist (CRS) and Tri-Cities Home Construction Specialist. From selling to purchasing or building your new home, you won't find a harder working professional to handle all of your real estate needs. Laura Harris-Hodges “Making A Difference For You”

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