8 ways to move that property even in these times

KATE FORGACH MCCLATCHY TRIBUNE 02/07/2010 13:04

Selling a home in this economic slump can be downright daunting. While first-time and existing home buyer tax credits could spur sales in metro Detroit this winter, the crisis facing the real estate market remains.

Sales of previously owned homes in the United States plunged 17% in December, the largest monthly drop in more than 40 years. And that was after the tax credit deadline was extended. It's also expected that foreclosures and short sales will keep a lid on home prices this year. Sure, it'll be another buyer's market in 2010, but that doesn't mean all hope is lost. A little common sense, surprisingly, can go a long way. Pricing your home just right or making a few select upgrades can increase the marketability of your house. Here are some tips to sell your home in 2010.

Don't wait for a recovery

Home values aren't likely to rebound to previous highs for several years; perhaps even a decade. While you may face a loss by selling now, that negative figure may only be a paper loss, particularly if you've owned your home for some time.

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