How to sell a house in this market.

Nickmarr is right about the importance of pricing your home right. There are just too many houses on the market and not enough buyers. Why would they even look at a house that's overpriced?

Next, though, is marketing. You really need to get aggressive with your marketing tactics. If you are using an agent to sell your home make sure he or she is taking advantage of all of the marketing tools available to agents. If not, find out why and stay on the agent until the house is getting massive exposure.

I do take issue with the answer that mentioned a house being sold by owner will sit on the market. New studies have shown that is no longer the case. With the economy the way it is, I think it's a good idea for a seller to go it alone. It WILL save him a lot of money.

A good real estate lawyer to draw up the paperwork and go over the purchase agreement won't cost anywhere near what an agent's commission is.

Pricing is the key but beware of estate agents valuations! in the UK some agents price high to win an instruction then reduce the price after your contract with them is signed. Compare like for like , check sold prices in your area check out the competition and pretend to be a buyer. If all else fails consider Extreme House Selling tactics great for relieving the stress of a sale and may give your home the exposure it may need. I have created a hub on Extreme House Selling you may find it of interest

You're right on here -- pricing in key to getting buyers to look at your home! When there are dozens in a price range to look at, it also needs to stand out as well maintained and the best possible choice! We find most sellers underestimate the competition when entering the real estate market!

We had a home seller contact us last week and they planned to do a for sale by owner. After we reviewed all the work, advertising and the internet exposure an agent will do for them, not to mention the negotiating and expertise, they decided it was money well spent to list their home!

With so many homes for sale in every price range, the best way to set your home part is create a unique benefit for the buyer. It might seem that under pricing the home would seem to be a good idea and may work for buyers whom are looking for investments but for the average home buyer it sends up a red flag that theire is some hidden problem.

Instead you want to leave your price at fair market value and add something else like a 1 year home warranty on the appliances and heating system or offer to hold a second mortgage at either a very low interest rate or maybe with no interest. Both of these create a financial benefit for the buyer without actually costing the seller anything at settlement.

Price is the number one thing you must get correct to sell in this market. Not lets try it at this price for a month. Price your property below all your active competition. Do not say but but but my house is better! Does not matter if it is or not. What matters is making the potential buyer want to buy your property & insist on seeing your property first! Over price your home and the potential buyer may never look at it.

If you price it correctly, then you must also make sure your property has better condition than your competition. Considering you are more than likely competing against foreclosed homes, it should not be too hard to beat them as far as condition. But what about the homes that are not foreclosed?

Offering a home warranty is a great way to get buyers to feel more comfortable about your home. An even better tactic is to get a Home Inspection and fix any and all problems the inspection finds. Then you can include a copy of the home inspection along with copies of the repairs. This with a warranty will make it almost a no brainer for a buyer.

As far as marketing, hire a Realtor. In this market, there is no sense in letting your home sit on the market for months on end because you want to "save" a commission. Plus the few tips I gave you are just the tip of the iceberg when it comes to the kinds of advice a Realtor can give you.