If you need to sell right away, you need to be priced at, or most likely, below market value. With the high number of homes available, you need to be priced super competitively. Make sure your home is in showing conditions at all times. Do not turn away showings for any reason. Good luck!
Selling in today's market is all about visibility and price.
The more people that know about the property the greater the percentage chances of selling it. Additionally, having it priced competitively in today's market should get the attention you require for a sale.
Please see the link below. 87 homes for sale. None recently sold. Zero.
A few helpful suggestions:
The only owners that sell in a buyer's market HAVE TO SELL.
Knowledgeable agents know that - not all agents are knowledgeable.
Given that there are NO recent sales, you have to ask yourself some questions:
1. Do I absolutely have to sell? Are there any alternatives (such as renting it out?)?
2. What happens if it does not sell? ANY listing will sell...at the right price.
3. Should I opt for a short sale or a loan modification (the answers point in opposite directions)?
4. What are the tax and credit implications of the chosen strategy?
The only person that should really be offering advice is someone that knows your home, your market, and your personal situation (when you need to sell, why, and how much you need to net). That means trusting someone. They had better know their stuff. If you need a referral to a top Realtor in your area, contact me via my profile.
There are five fundamental things that go into selling your home: slip in any of these areas and you reduce your chances of a sale:
1. How Well You Are Motivated To Sell
If you are not motivated to do what is necessary to sell your home, it will be an uphill proposition. Selling starts at home. Motivation means going after the next four items with gusto.
2. How Well Your Home Is Prepared
Preparation is critical: you will be competing against REOs who are currently driving the market downward with stunningly low prices. You have to demonstrate that your home is actually a better value and better choice than a low priced REO. Your Realtor should be able to help. Many Realtors, understanding how important staging has become, now include it as a complementary part of their services. See the following link for more information:
3. How Well Your Home Is Priced
80% of selling your home is price: after your agent has done their part, you need to step up and deliver. Your home needs to be priced UNDER the competition if you want it to sell. See the following link for more information:
4. How Well Your Home Is Marketed
Your Realtor should be providing numerous professional quality pictures, a virtual tour and so much more. There is no excuse for poor marketing â€“ since all Realtors charge the same, interview until you find one that has an extensive Internet-based marketing plan. You should be able to Google your Realtorâ€™s name and have listings and extensive information about your Realtor pop up right away. See the link below for more information:
5. How Well The Buyerâ€™s Agent Is Compensated
Make sure the buyerâ€™s agent is well compensated for brining a qualified buyer to the table. In the current market, a buyer is everything. Many buyerâ€™s agents view their buyers as assets and direct them to the homes where their â€œassetâ€ will produce the highest dividend. You may not like this fact, but it is an unfortunate aspect of human nature that you cannot afford to ignore.
In addition to being a full time real estate broker, I am also a writer and have attached a link below to an article I wrote on this exact question.
Basically, you need to make your home the best value in it's price range. You also need to get the most exposure you can in this difficult market.
I hope that this helps.
Whether you are represented by an agent or not, the blog attached to the first link below may be of some interest to you. While it is directed mainly to FSBOs, if you are represented there are still some ideas that you possibly could implement to augment your agent's marketing plan . Please always keep your agent abreast of anything you do on your own. The second link may be of some value in selecting an agent if you havn't already and are planning to.