Oct 19, 2009

Selling in a Market Thick With Foreclosures?

If you're selling a home with lots of competition from foreclosures, you probably feel like you've got some unfair competition -- they can sell for cheaper than you can or want to go. However, Amanda Gengler of Money magazine's October, 2009 issue makes an important point for home sellers in this situation: It's better to try distinguishing yourself from the competition, not undercutting it.

Foreclosures are often in crummy condition -- trashed, even. If you spruce your house up to where it's attractive and move-in ready, you're likely to find a buyer who'd rather not deal with the mess and hassle of a foreclosure. Read her full article here.