Be aware of these warning signs that a price adjustment is necessary:
Agent Elimination:
Agents are not previewing it – therefore eliminating it without seeing it. Agents are previewing it, but are not showing it to their buyers.
Buyer Elimination:
Buyers are looking at it and making offers on other homes.
In these cases, your home is probably overpriced.
An overpriced home will;
- Reduce agent showings
- Attract the wrong prospects [those looking for a ‘steal’]
- Help to sell the competition
- Reduce the effectiveness of other marketing tools
- Divert potential buyers to other properties
- Eliminate offers
NO AMOUNT OF MARKETING
CAN SELL A PROPERTY THAT
IS OVERPRICED, IN POOR
CONDITION AND WITH
NON-COMPETITIVE TERMS.