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One of the biggest problems with selling your home today is the amount of foreclosures on the market. I tend to work with buyers, more than sellers at least, but the biggest factor in the price we offer is the condition of the property. If we walk into a home that needs a lot of updates that down goes the price of our offer. Foreclosures in the neighborhood? Then we lower the price even more. It’s hard to justify paying top dollar for a home when you can go around the corner and buy another home for a considerable discount.

I do talk to people wanting to sell their home all the time and the biggest thing I can stress is if you don’t have to sell, don’t. Sometimes you don’t have a choice but your home isn’t worth what it might have been a few years ago and you’ll end up regretting it. I’ve seen homes going ,000 or ,000 under what they wanted and it’s because of today’s market.

Here’s an interesting article I saw on the same topic.. some of their last points are a little absurd.