NO SALE! for Good Morning America

If you didn't catch the conclusion of GMA's "Sell Your House In a Week Challenge"... well it was NOT a happy ending. Real estate expert Barbara Corcoran gave it her all to prepare and market the NJ house and get it sold in 1 week. And while they had 80 people tour with 3 serious buyers at yesterday's open house, they just could not seal the deal.

WHAT LEASONS DID BARBARA LEARN and want to share about selling in the current market?

#1 MOST IMPORTANT THING: "STAGING is not optional it is ESSENTIAL!"
#2 Price is King
#3 There are no "Hollywood Endings" in a buyer's market.

This does NOT mean the home will still not sell quickly. It just didn't sell in 1 week. Which would have made for GREAT TV.

But considering that one property had MORE exposure than any other in the market... this more than proves this is a buyer's market.

Sellers must do everything they can to make the house appealing... because if they don't, the buyer can and WILL easily just go to the next MORE appealing house and buy it.