When to decide a Price Reduction is right for your home?
If you are a seller and you hear about price reduction, price adjustments or process improvements, it doesn’t matter. No one wants to hear of lowering the price of their home unless you are a buyer. In a slow market the blame usually points to the agent selling the home.. and the agents points to seller's unrealistic expectations of selling and vice versa. Seller’s usually will say to find more ways to sell their home at their price. So before your agent reduces the price of your home here are a few questions that you might need to ask first.
1. How many showings have you had?
2. Do marketing comments sell the benefits or features?
3. What kind of direct mail campaign has been launched?
4. How many open houses have you had?
5. What does it look like online?
6. Is your signage in a prominent location?
7. Do you have a virtual tour?
8. What kind of feedback did you get from agents?
The reality is if you are too overpriced then that is the time to step down and reduce the price of your home. Always make sure to compare the prices of sold homes in the area before doing the price reduction with your realtor. Every house will sell at the right price. Think of it as a win win situation. Get the home sold for the most amount of money possible that would not compromise your goals.
To know the value of your home please login to our website at ww.soldbyjenkins.com for any expert advice please call us Bill Jenkins Team Jenkins Ranked Top 1% Nationally 702-845-8540 Cell 702-318-7228 Office.