Real estate tips: Selling in a sluggish market

posted in at 2:06 AM

About Real Estate:

Tips for selling in a sluggish market
- DailyHerald ...

Home sellers must first ensure that their property is priced correctly, but there are several other steps they can take to find a buyer when sales are slow.

Q. We have been trying to sell our home for about three months and have even cut our asking price twice, but we still have not received a single offer. We could understand the delay if our asking price was too high, but our agent says that sales all over our area have slowed and our offering price is a lot lower than prices of similar homes in the same neighborhood. What else can we do to make a sale?

A. It’s no secret that sales have been slow in most parts of the country. And they’ll probably become even more sluggish in the months ahead: Fall and winter are typically the slowest times of the year for housing, in part because most Americans get preoccupied with plans for the holidays and buyers don’t like home shopping in inclement weather.

<http://www.dailyherald.com/article/20111022/entlife/710229986/>

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Shanika Heussaf

Watch. Invest. Watch some more.