6 Reasons To Reduce Your Home Price

Of course you want to get the most money for your home when you sell it, but consider these six reasons on why you should improve your price:
1. You're getting little to no showings.  Buyers are typically looking first by price, then by features.  Make your first impression the best!
2.  You're getting showings, but no offers.  Look at your competition- are there other homes that have similar features and amenities for the same price?  It's all about the bang for your buck!
3.  Your home's been on the market longer than similar homes.  This is what we tend to call "shop worn."  When a home sits on the market for 30, 45 or even 60 days, buyers are waiting for the price to drop to "get a good deal."
4.  You have a deadline.  It's not always home much money you need from the sale that determines the price of the home, it's how much money the buyer is willing to spend.  If you have a deadline, your better option is to price it aggressively, instead of holding onto the property- and the mortgage payment and carrying costs.
5.  You can't make upgrades.  Maybe you're flat broke and absolutely cannot afford fresh paint on the walls, carpet cleaning, or adding curb appeal.  But the feedback you're getting is that your home isn't as well-appointed as similarly priced homes.  That means you're not competitive.  It's time to accept that buyers expect to pay less for a home that doesn't show as well as others.
6.  The competition has changed.  If weeks go by with no offers, continue to check out the competition.  What new listings have hit the market?  Are the other listings dropping their prices or offering incentives?  Talk to your Realtor for the best options!

Please contact me if you're considering buying or selling a home!  I would love to help, and I'm never too busy for any of your referrals!