You're right about it not being a seller's market, at least if you're comparing today's market to years prior to 2007. Although we've seen a continued downward trend in sales and selling prices within the past couple of years, homes are selling, buyers are buying, and banks are lending. Anything will sell eventually, the keys today, are pricing, location and condition. Pricing and condition are the variables, condition will be a key factor in any pricing situation and to get the best price, your home has to be in the best possible condition. It's your decision on what you want to do to get it to that point. Location on the other hand is truly a major consideration, but, you can't do anything about that, the house is where it is, you just can't pick it up and move it.
From June 1 to today, there have been approximately 135 homes listed and sold in your approximate area. The selling prices of those homes have a wide and variable range. The approximate high end was around $112,900.00 and the average was approximately $17,605.00. These numbers are examples only, of what may be happening in the location you've indicated your property is in and cannot be relied upon as an accurate market reflection of the value of your home, or price it may bring on the market. You should consult a real estate professional for more specific information about your specific property.
There are plenty of investors out there who are buying. Generally investors, and others who offer quick sales or some other type of program to get you out of your home quickly, are not particularly interested in giving you top dollar for your property so beware of what you might get yourself into. Get professional assistance.
Also keep in mind, this market today may be with us for the next 2,3,5 years or more.
Always My Best,
Michael Bellaire, Broker, ABR