Longtime Listings Try Again in Spring

Homeowners looking toward the spring buying season and hoping to unload their properties after months or years on the market must be realistic about the price they can command for their dwellings, especially with foreclosures and short sales offering shoppers plenty of bargains. National Association of Realtors President Ron Phipps says, “We have had a problem with sellers who are nostalgic for the way it was. You have to be where the market is, not where it was.” Experts say home sellers must list their homes at or below the original purchase price and create curb appeal by improving the landscaping and painting or replacing front doors, among other things. Phipps encourages sellers to pay attention to suggestions and feedback from agents and to examine the competition by attending open houses or viewing virtual tours. | Read More