3. Priced too low
You want to price the property competitively but pricing too low may make some buyers suspicious or attract unqualified buyers. "Typically, multiple buyers will be attracted to the low asking price and eventually the sales price will climb close to market value as competing offers bid up the price," Najm says. "However, the strategy is not without risk in that some buyers will be alienated by a potential bidding war." Reuters

Single-family home prices fell for the sixth month in a row in December, in line with expectations, a closely watched survey said on Tuesday.

The S&P/Case Shiller composite index of 20 metropolitan areas declined 0.4 percent in December from November on a seasonally adjusted basis. The figure was in line with analysts' expectations.

During the fourth quarter, home prices declined 3.9 percent from the previous quarter and were down 4.1 percent compared to the fourth quarter 2009.

S&P