My House Still Hasn't Sold...What Can I Do?

If your move is a corporate relocation and your company will purchase the house (based on the average of three appraisals) then you should be OK.

But if that's not an option, then you need to take drastic action because there's a cost associated with an empty house. And there's no guarantee the rental market is a better option.

All real estate is local but many real estate markets have depreciated since 2006 and don't expect the situation to improve anytime soon. Here's the process:

• Get the absorption rate for your market (in either weeks or months)
• Determine your cost to maintain your house per week or month
• Take several weeks to visit the competition and see what the sellers are providing for the price
• Price your house ahead of the market and more competitively than your competition

Every house will sell if the price is "right." But if you don't price accordingly...