If you price it, they will come!

  Remember when all of those buyers bought a ton of homes a few years ago? Well, now they are sellers. And, they are scratching their heads thinking, "this is harder to sell than it was to buy."  It was so easy to buy, to get a loan, and close on your new home in record time. A fresh coat of paint, some new appliances, a lawn mowing, and your property value was skyrocketing.  Getting a loan was as easy as pumping gas. Choose the gas station on the corner that was two cents cheaper, and fill it up with a 100% loan at 6.5% interest rate.  Now your equity is gone, along with any sweat equity as well, and it is a little bit harder to mow the lawn because of gas prices.  So, what is the biggest factor when selling your home under these market conditions? Plain and simple. Price.
  I know you hate to hear it, but the plain and simple fact is, homes priced right and in good condition are selling! Buyers are looking for a deal, but will buy it if it is priced right. The amount of distressed properties that have flooded the market, has put normal sales
of pre-owned homes into a tail spin. As a seller, you have to compete with these homes and catch those buyers attention with price and condition. Buyers want a home that they can walk into after closing and not have to lift a finger to enhance condition, or they want to buy a foreclosure for 70-80 cents on the dollar, less in some cases, that needs easy items such as a fresh coat of paint and some new carpet.
  There are items out of your control such as location, floor plan, the neighbors. But, if you have the ability to control price and condition of your home, this should help you in the battle for buyers. A fresh coat of paint, a couple of new light fixtures, and a landscaping clean up will catch the buyers attention. Then, hit'em right between the eyes with a great price. Regardless, of what people are saying, homes are being sold. Some sales stats are showing signs of stability or even, dare I say, recovery.
  Gather as much information as you can to help sell your home. Talk to a REALTOR®, run numbers backward and forwards 10 times if you must.  If you still have equity to play with, understand the difference between making less on the sale,  or continuing monthly payments,  plus interest, plus utilities, for another eight months. Hang tough! Great agents are out there to help!