The foreclosure rate impacts every homeowner and it can make selling your own home at a fair price difficult. Homes sold in foreclosure generally sell for much less than they’re worth, which in turn brings down home prices for everyone else in the neighborhood. Effectively, the home you bought two years ago may be worth much less than your purchase price. "We're in a very price-sensitive market and obviously in any buyer's market that's the case," says Chris Heller, President of The Heller Real Estate Group, Inc. at Keller Williams Realty.

Here are some home selling tips to help homeowners sell a house, according to Heller and real estate writer, Phoebe Chongchua.

Get the Property into Perfect Showing Condition

According to Heller, in such a market, there are two things a seller can do when selling a home: price the property competitively, and ensure the property in absolutely perfect condition. He adds, "The more choices the buyer has, the more critical the showing condition."

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