Sounds like there’s an echo in here… It’s still a buyer’s market! The number of new listings keeps going up, and homes are beginning to sell, but we’re still left with quite an influx of homes on the market! If you’re using a good Realtor, they will do some research for you, like how much the home was originally listed for, and how many (and when) price reductions have been done. This information will be especially helpful when negotiating the purchase price!
Even if you're looking at purchasing a new home, it's important to have a Realtor representing you, and looking out for your best interests. The sales reps that you come across at a builder's model are being paid by the builder, thus, looking out for the builder's best interests, not yours. I can also assist you in purchasing a FSBO (For Sale By Owner); most will pay the buyer’s agent their 3% commission. Using a Realtor to purchase a home is free of charge to you (the seller always pays), but will bring you much peace of mind, knowing that someone is on your side.
Hang in there! The market is slowly evening out, but it’s still going to get a bit worse before it gets better! A lot of people that bought homes 2-5 years ago with by using exotic lending options (ARM’s, Interest Only loanes, etc.), and now those payments are starting to get unmanageable, so the foreclosure rate is going to keep going up! Buyers signed docs without being told, or truly understanding what the exact terms of their loans were! The best advice I can give you as a seller is to make sure that your home has the best curb appeal, and is more inviting than your competition. I have some experience in staging and de-cluttering to make your home show the best, if you’re interested!