**FREE SURPRISE BONUS SECTION**: I know, I know…this e-Book is only supposed to have “7 Mistakes” but I just couldn’t NOT tell you about this last one! This one does not particularly apply to “Most” homeowners, but it’s affecting enough people right now that I feel it is worth mentioning. But first, a short quiz to check your Real Estate Knowledge so far:
1) Your house’s value is ultimately determined by:
A) How much a qualified buyer offers to pay
B) The most recent appraisal
C) The price the neighbors sold for
1) Your house’s value is ultimately determined by:
A) How much a qualified buyer offers to pay
B) The most recent appraisal
C) The price the neighbors sold for
2) The NET profit from the sale of your house can be as much as ___% below the GROSS Listing Price.
3) What does it mean when someone says that a homeowner is “upside down” in their house?
A) Someone has “flipped” their house
B) They paid off the mortgage and own the house “free and clear”
C) They owe more on the mortgage than the current market value
D) None of the above
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