Sellers list at a price they hope to achieve and perception is reality. Lowering this price is often perceived as a loss, since most sellers have already calculated what they will net at this price or what they expect will be an offer. But if the home does not sell, when do you adjust and how much? Is 5K too timid, will it even be noticed by buyers? Is 20k too much, "giving it away"? Here is a video about the current trends: http://realestateinsidernews.com/breaking-real-estate-news/home-pricing-crucial-in-this-market-video-must-sell-now-price-your-home-to-sell/ If the average time to lower a price is two months in my opinion that is too long to wait. In this market, time is money. If your presentation is perfect, you have staged, have pro pictures, great flyers, are presented everywhe...
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