Did you see the Parade insert in yesterday’s Murfreesboro Post? There was an article that had some great advice for buyers and sellers, entitled, “The Best Strategies for Right Now”.  Here is an excerpt of some of their best advice: 

IF YOU WANT TO SELL…

Think twice before you sell. This is a bad time to expect big returns. If you don’t have to sell now, don’t. Make inexpensive improvements and wait until market factors are more in your favor.

Find the best broker. A year ago, you could have asked agents to cut their commissions because houses sold themselves. Now you’re better off paying the full 6% to ensure you’ll get the best service. Local agents are best. They know the selling points of your community—and your house—and can be present to show it to buyers at a moment’s notice. Look for pros with at least eight years’ experience. If they worked in the business before the boom, they’ll do more than just weigh the best offers. 

Make sure the price is right. A good agent will know what numbers get the best response from consumers. Studies show that buyers react to break points, or psychological limits. For example, a buyer with a budget of $250,000 may be willing to pay $249,000 but not $251,000. If your home is valued at $310,000, consider listing it at $300,000 or even $299,000 to maximize its sales potential.
To view the entire article:

http://www.parade.com/articles/editions/2008/edition_05-04-2008/2Best_Strategies_For_Right_Now