Does my home need a price reduction
Indicators you need a price reduction
Nearby comps are priced lower
How to price your home to sell is a bit of an art form, and that’s why many sellers end up adjusting their list price within a few weeks.
You’re not receiving offers
While there are multiple possible reasons why nobody’s biting on your home, price is often the culprit. If buyers feel like they can find a similar home at a better value, they’re unlikely to put in an offer.
You’re having few showings
Speaking of showings, the foot traffic coming through the door is a great indicator of the attractiveness of your list price.
Your home appraised low
If you haven’t gotten an appraisal already, it might be money well spent.
If the home appraises well below your asking price, then you have your answer.
Price reduction strategies
- Act fast: the number of showings and open house attendees drops off significantly after the first few weeks your listing is active, so don’t wait to take action.
- Be realistic: When discussing what your new, lower price will be, make sure you’re comfortable with the amount.
- See what other sellers are doing: Use DNA REALTY GROUP data to see what other sellers are up to. Get clues from recent sales to gauge your timing and discount.
- Only reduce the price once: Nobody likes to make a price cut, so sellers are often inclined to make multiple small price adjustments to ease the pain. Avoid this strategy.
If your price reduction still doesn’t work
What do you do if your house price still isn’t resonating with buyers? If you need to sell quickly and aren’t getting offers you like, consider selling your house to OUR INVESTORS. You can get a competitive cash offer from DNA REALTY GROUP INVESTORS through our INVESTOR PROGRAM, letting you bypass the ups and downs of the listing process and helping you close quickly.
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QUADRUPLE GOLD PRODUCER
DNA REALTY GROUP617-340-9135
info@dna-realty.com
https://www.dna-realty.comOver $120,10,138.81 in REAL ESTATE SOLD
Quadruple Gold / Director of Operations
DNA Realty Group
David Martiroso
