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[gallery] Are you the reason your home won’t sell? It’s tough to be a seller selling a home in a buyer’s market. One of the most important things to understand is that the real estate market is a local market. Just because the media is talking about the real estate market going up or down and just because you hear that sales are up or down does not necessary means that it applies to your local market. Analyze who is buying in your area and what price range most homes are selling for? Have your realtor provide this data for you. You may find this data on-line. Sale prices become available to the public but concessions are not publicized so the information you find on your own can be somewhat off. Consider using a realtor to help you is a very good idea. Know what your house is worth. Get an appraiser to appraise your house. Although your realtor can provide a comparative market analysis for you as well. Consider strategic pricing. If home prices falling at 1% per month and you’d like to sell your house in 3 months, reduce the price by 3% when you place the house on the market. This will give your house a competitive edge over the next house. Homes that are competitively priced or priced ahead of the market will generate a greater interest and will result in multiple offers which in turn will generate the highest price possible. Plus in a market that is falling, you will make more money if you sell quickly. Evaluate whether you really have to sell or want to sell now. If you want to get the highest possible price for your house then you need to be willing to accept the reality that your home is not worth today what it was worth a year ago. Search thousand of Staten Island homes for sale What’s my house worth right now? Search Staten Island Open Houses