Thus far, homeowners have kept their homes off the market, but the Spring market has just begun.There are positive signs in the marketplace for the rest of 2008; however, the market remains a “buyer’s market” unless you are a bank.So, do not place your home on the market unless you absolutely must sell OR you are willing to take a hit in value in order to move up in the market to a more expensive home.For the “move up” seller, 10% of a $500,000 home is less than 10% of a $750,000 home.The net result for the move up seller is a positive savings.If you have to sell in this current market, be prepared to do what it takes to be successful.It is all about location, price, condition and time.Price is extremely crucial to procure a sale; the better the price, the better the odds for success.Condition is important too.Since short sales and foreclosures for the most part are in poor condition, homes in better condition can equate to an increase in price and offer a refreshing alternative for buyers.Be ready to pack your patience; depending upon the area, it can take months to sell.Given last month’s demand, there are still 13,519 sellers who will not be successful in selling their homes over the course of the next month.Competition is intense.Those willing to remove their emotions to make decisions will ultimately achieve their goals in selling.Remember, a lot of the market is relying on banks to make decisions and they are void of emotions.
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