| For months now, the doomsayers have been
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| | actually paid for it and for what price
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| forecasting a burst in the real estate
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| | they can sell it. They cannot look at the
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| bubble. The burst has yet to happen.
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| | "paper" equity that was created by the
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| According to data released during the
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| | bubble you cannot lose money that was
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| first week of October, the median
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| | never real! The only money lost is in
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| existing homes for sale price fell in
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| | "theory," based on what an earlier,
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| August by 1.7 percent, a first in over
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| | unrealistic market said for what you
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| ten years of year-to-year pricing. The
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| | could sell your property. The only "real"
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| number of homes for sale has jumped to
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| | money that would be lost would be if you
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| 3.9 million, which is the highest
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| | had to sell a home for less than you
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| inventory level since 1993.
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| | paid, and the homes for sale market is
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| The bubble for homes for sale still
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| | not at that point and hopefully never
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| exists; however, because jobs, income and
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| | will be.
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| interest rates are still in great shape.
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| | The second most important selling
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| This means that forecasts are still
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| | technique for homes for sale is to market
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| excellent for this year, which is
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| | it correctly and make it stand out
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| expected to be the third best year in
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| | amongst all the other homes for sale.
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| history for home sales.
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| | Preparation before putting your home on
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| That does not mean that sales figures are
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| | the market will make a difference. Have
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| as good as last year at this time, when
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| | it inspected beforehand and repair,
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| the bubble made homes for sale pricing
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| | renovate and replace any defective items
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| unrealistically high. With prices coming
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| | in the interior and exterior of the home,
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| down and homes for sale inventories
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| | as well as landscaping problems. Stage
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| rising, the real estate market is moving
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| | your home for showing fresh paint, fewer
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| toward a buyer's market but we still are
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| | furniture pieces attractively positioned
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| a long way from there at this time.
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| | to make rooms appear larger (put your
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| The current homes for sale market means
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| | extra pieces in storage), adding small
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| that buyers can take longer to make
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| | decorative accents of color to pull the
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| buying decisions, which keeps many homes
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| | viewer's eye to unique features within
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| for sale on the market longer. There is
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| | the rooms, and so on. Some realtors can
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| more competition for owners of homes for
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| | assist owners of homes for sale with
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| sale, requiring different selling
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| | "buy-down" mortgage products to add more
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| techniques.
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| | buying appeal to the property without
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| The most important thing is to accurately
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| | having to lower the sale price.
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| price homes for sale. Too high, and they
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| | In this current market, the owners of
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| will remain on the market too long.
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| | homes for sale with the edge are those
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| Sellers must be realistic. Homes for sale
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| | who take the extra time and effort before
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| owners must begin to look at the "real"
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| | putting their homes on the market, along
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| price of their home, based on what they
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| | with a realistic selling price.
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