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.

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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.