Signs of improvement make 2010 a promising year, but more challenges are yet to come
By Shannon Petrie, FrontDoor.com
Originally Published: 11/20/2009
In 2010, staging and pricing competitively will still be a priority for home sellers.
#1: Still a Buyer's Market
For homebuyers, 2010 will likely be another year of low prices and a large inventory of homes on the market. Conversely, for home sellers, 2010 will be another year of low sales prices and fierce competition from other sellers. Plus, if a wave of new foreclosures hits the market next year, sellers will still have plenty of competition from bank-owned properties at bare-bones prices.
Fortunately, home sellers have many strategies at their disposal to stand out from the crowd. Today's homebuyers are looking for move-in ready homes, and many foreclosed homes are not in the best shape when they hit the market. Preparing your home for sale -- which can include cleaning, making repairs, making upgrades and staging -- can help your home stand out from the foreclosure down the street and get you a higher sales price.
•Get tips for selling smart in a buyer's market
•Get home staging inspiration from an expert (CLICK HERE)
•Visit FrontDoor's Guide to Pricing Your Home for tips on avoiding pricing mistakes and making a quick sale
•Buying or selling a home in 2010? Get tips!
NEXT: FrontDoor's Top 10 Must-Know Real Estate Trends for 2010 >>
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