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

If you priced your home for what you would like or need to get, you haven’t priced it to sell. Buyers don’t care what you need to get; they will pay market value for the home. So find out what.

Now, instead of reducing the asking price to its former true value of, say, $750,000, the sellers may have to reduce the price even lower to attract a serious buyer. Consequently, a home that should have sold for around $750,000 may often sell for closer to $700,000 – and all because the owners priced it too high to begin with.

6 steps to making the best home price bid.. If you find a problem, you can reduce your offer or opt not to bid.. that’s a good time to bid low on the home price. Ask your agent’s opinion.

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.

As a first-time home buyer, you probably assume your realtor or real estate agent will do the dirty work of negotiation for you. While that may be true, or you might take a DIY approach selling by..

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Trade-in price: Dealerships will offer a trade-in price for your used auto when you buy a new vehicle. The trade-in price is negotiable and very close to what vehicles sell for at used-car auctions.

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At the same time, get real. If the lower value is justified by the comparables, it’s not likely to change with another buyer or another appraiser. You’ll have to choose whether to take a reduced price and close the sale or leave it and hold onto your home. Remember, you’re in control of deciding what you will and won’t take for your home.

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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,

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