Calling all home sellers
Last week we heard from house hunters.
Now it's time to give sellers a chance - they also happen to be an elusive bunch on this blog.
The market briefly tipped towards sellers this spring, with the home buyer tax credit pumping billions into the market and artificially inflating demand.
But that resurgence fizzled when the tax credit ended on April 30th. Demand has since plunged, by some measures to its lowest point since the financial crisis threatened to plunge the world into another Great Depression back in the fall of 2008.
Given this tough turn of events, sellers once again have an uphill battle to fight.
The question now is what should a poor seller do to survive this market and find buyer?
For starters, price is always king - starting too high and stubbornly hanging on is a recipe for little action and lots of frustration.
But maybe there are ways beyond pricing to attract attention in a crowded market.
What about giving away sports tickets or even airfare to a vacation hotspot in a bid to draw potential buyers?
For that matter, how about inviting serious buyers to take a test drive of sorts and spend an overnight in your house?
It is certainly a popular trend in TV land, with HGTV devoting a whole series to it.
Sellers, what's the market like right now and what are you doing to get buyers in through the door?
For that matter, buyers, real estate agents and just general market spectators, what advice do you have to offer?
