Having been in the real estate over twenty years, first as an agent, then as a broker, and then as a homeowner myself, I must say there is no secret formula to selling a home. It all boils down to being priced at or below the market. Unless you have some unique feature of your home that no other home offers and you can find a buyer who wants that feature, to sell your home requires two conditions:

1) the right price;
2) proper exposure in the market

And there are only two ways to sell:

1) hire a broker to market your property
2) market your property yourself

This article assumes that you have tried using a local real estate broker and your house has not sold. Now, you will try marketing your house yourself and you don’t know where to start. It is now a fact that most people start a home search by going online. So, the first thing you should do is post your house online with a website, or multiple websites, which offer advertising. Some sites charge a fee to post, while others offer free advertising.

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If selling a house was easy, everybody would be doing it — real estate agents wouldn’t exist. But you and I both know it’s a process that’s daunting to most normal people.

So why are there so many FSBOs? Because people think it’s an easy way to make a few more thousand dollars from the sale of their home by not paying commissions. The reality is that, according to some studies, about 90% of FSBO homes end up being sold by a real estate agent. And, in general, homes sold by an agent bring in more money than if the owner sells it.

There are two ways to deal with FSBO people…

1. Ignore them and wait for them to come to you.

2. Give them a reason to come to you.

Many agents think the way to do the latter is to tell them how fast you’ll sell their home and how much more money they’ll make. In some cases that will work, but I’m going to share with you a more radical idea…

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Happy new year to everyone especially to those people with great affection and interest to real estate. New year for real estate business and of course new many predictions and theories are floating about the state of the real estate industry this year. It is not a good idea at all to base your financial decisions on any other predictions and theories that coming out. The wise move to do is to keep an eye on the trends so that you can be aware of the happenings in real estate, if you are planning to invest or sell your home this new year.

My own prediction of what to happen in Real Estate this year:

Foreclosure inventory will be a lot higher. I think this year foreclosure inventory will be a lot higher than some predict. Last year inventory only seen the homes that banks are holding on to and homes that are still on the foreclosure process. We can see the real foreclosure status if shadow inventory will be included those unheard homes in the bank, homes that the borrowers have stopped making payments on it.

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