January 25, 2007
Selling a Home During a Slumping Market
Selling a Home During a Slumping Market
Selling a home during a slumping market can be a grueling process for owners. Going it alone can be especially tough — and now a smaller proportion of sellers does that.
For-sale-by-owner deals increased steadily for two decades into the late 1990s. They accounted for 18% of sales in 1997, but that has fallen to 12%, says the National Association of Realtors.
Many homeowners feel that in a difficult market a real estate agent can sell a property more quickly and fetch more money than can an owner alone, says NAR spokesman Walter Molony.
Are you in the process of selling your home? If yes, share with us your experience. What does it mean to sell a house during a slumping market? We'd love to hear from you.
Leave a Comment