Home for Sale? Use the Internet to Gain Maximum Exposure
If you have a home for sale or are thinking of putting your home on the market, you have probably been closely following the recent housing-related news. The media has speculated that the real estate “bubble” is bursting and issued warnings about the potential of a looming crisis resulting from subprime mortgage lending practices.
Like many media stories, those about the housing market often make generalized statements and ignore either the subtleties or the larger picture. While it’s true that, in the United States, houses are on the market about twice as long as they were a year ago, the drop in housing prices hasn’t affected all parts of the country equally. In fact, the current real estate situation isn’t even confined to the United States. In recent interviews, former U.S. Federal Reserve Chairman Alan Greenspan has noted that housing markets are making corrections in countries ranging from Great Britain to Australia.
What does this mean if you have a house for sale? Depending on where it’s located, you may need to adjust your asking price slightly, so that...
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