6 Reasons to Reduce Your Home Price

Here is a question that we as Realtors hear quite often:

My house has been on the market for several months with no offers.  Should I consider a price reduction?

An excellent article from the National Association of Realtors appeared on their House Logic website.  Though it was written several years ago, the principles remain timeless.  Here are 6 signs that may be telling you it’s time to lower your price:

  1. You’re drawing few lookers
  2. You’re drawing lots of lookers but have no offers
  3. Your home’s been on the market longer than similar homes
  4. You have a deadline
  5. You can’t make needed upgrades
  6. The competition has changed

Read the entire article at House Logic.com.

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