Blueprint for home sale: Price it right

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

The current market value of your home may be more than, less than or the same as it was last year depending on where you live and what you have to sell. Nationally, the median sale price of homes sold in October 2006 dipped 3.5 percent from October 2005, which was an exceptionally strong month. But there are still pockets of the market, such as Portland, Ore., where prices are still going up. Recently, a San Francisco home seller was relieved to close the sale of her condo after six months on the market -- a market that was flooded with condo listings. Across the bay in the trendy Upper Rockridge neighborhood of Oakland, a listing sold in less than one week with two offers, both for significantly more than the asking price. But, there was nothing else on the market to compete with this listing. HOME SELLER TIP: Regardless of whether you're in an area with a surplus of unsold inventory or one where listings are in demand, the blueprint for a successful sale in 2007 is the same. Pric...