Price aggressively without undercutting foreclosures5 of 7The aim is to sell your home and maybe come away with a small gain. Forget about making a killing. Few homeowners who are current on their mortgage can match a foreclosure price.But buyers are still looking for low prices. Take a look at what other nondistressed properties are selling for in your neighborhood and then price below them. And drive home the point that the price is the price -- with foreclosures the bank can take a better offer right up to the day of the closing, Weintraub says.« Back to Mortgage trends. Related Articles:7 keys to FSBO successSelling in a soft marketPick a real estate agentCheap ways to stage a homeRelated Links:Costly seller's remorseBuying your first homeUsing a mortgage calculatorSkip closing costs? advertisement
The aim is to sell your home and maybe come away with a small gain. Forget about making a killing. Few homeowners who are current on their mortgage can match a foreclosure price.
But buyers are still looking for low prices. Take a look at what other nondistressed properties are selling for in your neighborhood and then price below them. And drive home the point that the price is the price -- with foreclosures the bank can take a better offer right up to the day of the closing, Weintraub says.
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