Recreating Yesterday's Housing Market
 | (NewsUSA) - Just a few years ago, home sellers found themselves inundated with above-market offers. Open houses drew many potential buyers, leading to frenzied bidding wars. Today's housing market looks much more dismal.
In the first quarter of 2008, real estate prices declined 14.1 percent -; the largest price drop in 20 years. According to the National Realtor's Association, there are now 4.55 million properties on the market. That means that the number of homes for sale far outnumber the people looking to buy real estate. In a down economy, many people focus on everyday costs, like groceries and gas, rather than large purchases, like homes. But people looking to sell properties can find buyers -; if they can distinguish their home from the other houses flooding the market. One group of Californian real estate professionals recently published a step-by-step guide for homeowners looking to sell their properties, with or without a real estate agent. Called the "Fast Action Home Sales System," it helps homeowners feel like they're selling in an "up" market. The system teaches sellers to use signs, print ads, a custom-built Web site and their own 800 phone number to capture buyers' attention. The advertisements lead to open houses, where excited buyers engage in bidding wars. Attracting multiple bids gives sellers the advantage, even in a buyers' market. In a down market, expensive, prolonged mortgage costs can destroy homeowner's personal finances. "Even in today's market," says Conrad Kuiken, one of the professionals who developed the system, "we almost always get at least one bid at fair market value." Homeowners using the Fast Action Home Sales System typically sell their homes within two to three weeks. A quick sale is hard to make in today's housing market -; according to the New York Times, there are now enough homes on the market to satisfy buyer demand for over 11 months. For more details, you can access a "quick-start guide" to the FAST Action Home Sale System at RealEstateKit.com, or call 1-800-669-1038. |
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