Many sellers think that lowering their list price is the only way to draw in more buyers, but this isn’t the case. Let’s discuss what other options you have.Want to Buy a Home? Search All HomesWant to Sell a Home? Get a Home Value Report
There are many reasons a listing might struggle to sell, but the first thing sellers usually assume is that the issue is the price. This is often correct, but it isn’t always the case.
Sometimes, the market is simply slowing down. The best way to determine whether it’s time to lower your price is by looking at whether other homes on the market have also seen a lack of activity. If they have, your price is probably fine where it is.
Of course, setting your price correctly from the beginning is always better than lowering it later down the line. As long as you partner with an experienced real estate professional from the very beginning of your home selling journey, you should be fine.
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Setting your price correctly from the beginning is always better than lowering it later down the line. ”
If there does come a point where you need to reduce your listing’s price, you’ll need to lower it by at least $5,000 to see a difference in the number of offers you receive.
Another way to help make your listing more attractive to a buyer who’s concerned about money is by “buying down” a lower interest rate for them through their lender. This is a great way to ensure that you still get asking price for your home, all while incentivizing the buyer with a low monthly mortgage payment.
If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.