Article by Cripps Realty

When should you reduce your home?

How do you know when you should reduce your home or the right buyer has not just been through yet?

If they send you active listings and sold’s in your neighborhood and the sold’s are all 750,000 and you’re listed at 900,000, the right buyer could have come through yet but you’re priced too high. If your pricing seems to make sense, maybe the right buyer has not come through or maybe the interest rates have gone up and your price might need to be adjusted. You really have to look at it. It doesn’t matter if the right buyers come through or not, but if the price is wrong they’re not going to most likely offer because they don’t want to offend you.