Question: “I’m not sure I should reduce the price on my home.  Won’t that give the impression that I’m desperate or there’s something wrong with my home?” Answer: Quite the contrary. The typical reaction of agents and buyers is something like, “Oh, look, they’ve reduced the price on that one.  With a more attractive price,

Question: “When we put our home on the market, how long should we wait before dropping the price if it’s not selling?” Answer: Smart question.  Too many people get stubbornly attached to their asking price and ignore the reality of feedback from the market. To answer your question, let’s assume three things: Your home is

Question: “I’m asking $799,000 for my mother’s house, but getting no action. What do you think of a reduction to $789,000? Is that enough?” Answer: As a general rule, if your home has been listed for a few weeks and getting low activity, you need to adjust 3-5% to see a noticeable increase in interest.