Oro Valley Real Estate - When to Reduce the Price?
Every home seller expects their house to sell quickly. But what do you do if those offers don’t come?
The longer a home is on the market, the lower your odds are of selling it for close to or at list price.
So is it the right time for you to consider a price adjustment?
Consider these factors:
Indicators your home needs a price adjustment
Nearby comps are priced lower
You’re not receiving offers
You’re having few showings
Your home appraised low if you had one upfront
Marketing steps to take before a price reduction:
Load up the photos and videos
Ensure your online listing is complete
Make sure your home is listed in multiple places
Post signage in prominent locations
Address buyer feedback
Price reduction strategies
See what other sellers are doing
Reduce the price, but make it significant