As reported by CBS News, in 2005 there was a two-to-three month supply of houses on the market. Now it's nine to 10 months, so it can take much longer to sell your house. How do you increase your chances? Beside price, the best way to sell your home in a down market is to:
- Hire an aggressive agent who shows you a plan for selling your house and then make sure they follow through.
- Give your house a facelift with new paint and repairs.
- List it online with such sites as eBay and Craigslist.
- Offer to pay the buyer's closing costs.
- And finally, take any reasonable offer.
The full story is available on CBS News.
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