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Meet Kathy Irvine and The Irvine Team The St. Louis Association of Realtors has recognized Kathy & her team as the top sales team for 10 of the last 12 years. With nearly 70 million dollars in sales in 2004, Kathy was honored for the 17th straight year as the TOP AGENT for the largest real estate company in the St. Louis area, Coldwell Banker Gundaker Real Estate & Mortgage Company. She was also 12th nationwide for Coldwell Banker. However, the most important recognition Kathy and the Irvine Team get is the steady stream of testimonials and repeat business from her clients. Her team sets the pace, provides the service you can count on, and is dedicated to achieving your real estate goals. The Irvine Team constantly leads the St. Louis real estate market with their excellence, professionalism and service. The Irvine Team... Nobody does it better... NOBODY!
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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?
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| A |
For Sale By Owner. (Between 85 to 95% of existing homes are sold with a Realtor's help.)
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