When Do You Change Your Listing Price?
By Penny Toombs, ABR,AHS,e-Pro
Should you stick to your listing price? It depends. That's one of the problems in real estate. There is rarely a "cut and dry" answer to any question. Answers are more like, "if this...then that...but..." However, we'll just talk about prices, rather than condition, location, and all those "other" variables. There are enough variables just dealing with price. So, during the first weeks the house was listed, was there plenty of agent and buyer activity, but no offers? If so, there is probably no need to immediately drop your price unless you have some special motivation to sell quickly. If no one is coming around, though...this may indicate a problem with your price. The first thing you need to consider is whether there is a reason to think you are overpriced. Some homeowners do mis...