I am a big fan of the TODAY show and often they have real estate expert Barbara Corcoran on to talk about real estate.  Recently she wrote this article about the Five Big Mistakes Overanxious Homeowners Make and I just had to share it with you.....it's right on!!! Check out the video from the TODAY show as well.  It's very informative.

So, you need to get rid of your house and you need to do it quick. Perhaps you have an adjustable rate loan that is about to skyrocket, or maybe you just got a job in another city. Whatever the reason, don't panic. This may not seem like the best time to dump your house, but if you follow my advice, it's possible.

Below are the five biggest mistakes struggling homeowners make when selling their home. I'll also show you some foolproof home-selling tactics that will get you the highest sticker price for your house.

The five big mistakes overanxious homeowners make

Making small price reductions again and again
Nothing smacks of desperation more than incremental price drops. The longer a property is on the market, the more jaded the buyers become. The more times the price is cut, the staler the offering appears. Buyers reason that a lot of people must have seen it and that a lot of people must have rejected it. And if that is the case, then why even bother to consider it?

Instead, slash the price. Find out what your house is worth by looking at similar properties in the neighborhood and price it 10% below them. The most enticing houses on the market are the newest and the cheapest. If you can be both, you'll offload yours in no time at all.

Hiring the wrong broker
There are many ways of finding a good broker. Personal recommendations from friends and colleagues are often the best way to go. If someone outside the real estate business with nothing to gain is bringing up a broker, you can be pretty sure you're on to a winner. The best brokers -  the top 10 percent -  do 90 percent of all the business. So don't get stuck with a lemon. You want someone with enthusiasm and drive, someone who will give you the attention you need and steer you through the whole messy process with courtesy and professionalism.

Waiting it out
If you decide to wait, you are joining the thousands of other homeowners who have also decided to wait. When a few decide it's time to take the plunge, you are already too late. If you need/want to sell now, then sell now. There will never be a better time.

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