Please help need some ideas on selling home

[Carlos Cockman]

Hello all. I have had a 4br/2.5ba house on the market since 10/09 with no offers. I originally had it offered through an agent who basically just stuck a sign in the yard and put it on the mls. I had about 15 people see the house but no offers. The house needs to be updated but all in all is in pretty good shape. I am now trying to do an fsbo with not a whole lot of luck. I am in desperate need of selling this house fast because of my wife's recent job loss and if she doesn't find a new one fast we will start falling behind on payments. Here is some of the details about what I have had it listed for and a strategy I have tried:

1. I had the property listed with an agent for $139900 and then reduced to 136900 and now with an fsbo at $133900. I am a little bit more room to go down but not much
2. I have also placed ads for a two year lease option for $139900 with $5000-$6500 option money and $1050 a month with $250-$350 a month credit but with no luck so far. Market rent in the area for this house is about $850 a month.

I really am just looking for some guidance and believe that this is the best place for it. What kinds of low cost no cost marketing works the best? How should I word the ad? Am I going about this the right way or not? Is there any other strategies that could help me out? Any advice would be appreciated.

Thank you,
Carlos