Success in this market takes much more than pounding a sign in the yard, placing a classified ad, posting it on a website and real estate advertising book. You could hold an open house every Sunday and still not have a successful marketing plan. There's nothing more frustrating than having your home sit on the market for 180 days only to have the listing term end with no sale, no offer, and no real understanding of what went wrong.
Speaking of Realtors, are you going to "cooperate" with them? That is, if they bring the buyer that ultimately buys your home, are you willing to pay them? If so, how much? The vast majority of Knoxville home for sale listed in the MLS offer compensation of three percent of the sales price to the buyer's agent. In my experience, around Knoxville home for sale 90% of FSBOs offer compensation to buyer's agents.
Flipping houses is still very much alive and well. In the current economy it may be very beneficial to invest a little money in something that will turn over quickly. It may be possible to get labor, knoxville homes for sale with pool renovations, more easily these days. Keep in mind that when it comes to investing in real estate, all costs of repairs are to be factored in. There is no point in acquiring property if there are no funds available, for making necessary changes. I like to look through the municipal web page for public auctions for foreclosures and tax sales. There is generally an outline of what to do and forms available to print out. If there is nothing listed then check with the local tax office. Generally speaking, the Sheriff office usually handles an actual sale.
This could truly be the time to re-evaluate your current home and move to a more desirable area that seemed out of reach before. Or -- upgrade your home knoxville homes for sale by owner a larger square footage. Whatever your reasons for wanting to purchase real estate, this particular buyer's market could be the best time to be on the lookout for a new home.
The long and short of it is you need to handle everything when you're selling your own home. A good for sale by owner brokerage will get your house listed on MLS so that other buyers and potential buying agents can see find the house, however after that it's all you.
If you want to rise up in the local commercial real estate industry, it is time to look at what you are doing and how it can be improved. Some of the rules above will initially be hard to establish, however try to commit to at least 50% of them. Over time the degree of control that you get will help your success in the industry.