It’s not easy being a home seller in this market. It’s even harder for first-time sellers.
Selling a home is one of the biggest financial transactions most people ever do in their lives. And the current real estate market, still plagued with a record number of foreclosures and short sales, can be a challenge for anyone.
“This is a unique market,” says Walter Molony, senior public affairs specialist at the National Association of Realtors (NAR). “The real estate market is cyclical in nature, but we’ve never had an amplification like we’ve seen in this market. The boom and bust cycle is taking much longer to recover from, although we’re beyond the midway point in the recovery.”
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