Selling a home: When should you reduce the asking price?

5. You will sell if you drop the price to the lower end of the spectrum. If you want to sell and you have done everything you can to move the home at the current price, you are left with only one choice – reduce your price. So how do you determine your new, lower price? This is when a good agent can be really helpful.

Is reducing the sale price of a home a red flag? Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.

Should You Lower the Asking Price Even it Means You Need to Short Sale? When Should You Lower Your Home's Price? | DaveRamsey.com – If you make the decision to lower your asking price, the new price should be competitive without discounting it so much that you lose money on the sale. "Lowering the price needs to go hand in hand with what is happening in your market," Budd explained.

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You’ve been told by a "friend of a friend" that you should always offer below the asking price when buying a house. So after viewing my home a couple of times, you decide to make an offer for $245,000 — $15,000 below asking. Your offer is good for 48 hours, so I have a couple of days to think about it.

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[Ask. you’ll never ever get all your money back (not to mention attorneys’ fees should you pursue legal action). On the other hand, contractors or suppliers can easily place a lien on your home in.

Ask An Agent: How Much Should I Offer Below the Asking Price? – In most cases, a property that has been listed for over two weeks at a given price will sell within 5% of the current asking price (and usually it’s within 3%). However, there are exceptions, so as long as you are not absolutely in love with the property and can afford to let it go,

When should I reduce the price of my home is a question lots of people. that time frame, you may need to drop your asking price to get it sold.

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The seller agreed to lower the price to $757,000, which was the next highest competing offer for the home. “We were none too pleased,” said Stefan Hull. “If you look in the. Home buyers should.