Hi Ryan -
I'd like to add to Mike's thorough answer.
There is still time for seller to list their homes for 1st time home buyers to take advantage of the $8,000 1st time home buyer tax credit. This is a powerful motivator to potential buyers. In some cases they may even be able to use part of that tax credit towards their down payment - thus qualifying more buyers.
The buyer must close by November 30, 2009 to qualify.
1st time home buyer is someone who has not owned a home in the past 3 years - so those who have been "sitting on the fence" waiting for the market to "bottom out" may qualify and cause a larger buyer pool.
So, if you have a home priced up to $400K..which would still be in the higher end of 1st home buyers...and it is priced BELOW the last comparable Sold home in the past 2 months...your home has a decent opportunity of selling.
Time is of the essence and a home owner in Holliston should list now for that specific opportunity.
Please feel free to call me for seller coaching: 508-479-9833