Ignite FB Tracking PixelShould you reduce the price of your home? - Barry Bates
Coldwell Banker Realty
Barry Bates, Coldwell Banker RealtyPhone: (513) 258-8690
Email: [email protected]

Should you reduce the price of your home?

by Barry Bates 11/08/2023

Noteworthy reasons to drop the price of your home  featured image

One of the biggest dilemmas home sellers may face is trying to figure out what to price to list their home. For many, their home’s hold great personal value, however this may not translate well numerically. This is why it’s crucial to work with your real estate agent to identify when it’s the right time to drop the price of your home. 


There have only been a few showings

If your listing hasn’t received the amount of attention you feel is necessary to find a quality potential homebuyer, you may want to consider decreasing the price. Doing so can lead to an all-new pool of potential homebuyers ready and willing to get the home purchasing process underway. 


The property has gained plenty of attention but has no offers

If your property hasn’t received many offers but has garnered much attention, there are a few things that could be wrong. First, consider the state of being your home is in. Are there any fixes needing to be made? Are many aspects of the property outdated? How's the curb appeal?  

Some cost-efficient changes can be made, such as giving the exterior of your home a fresh paint job, or using inexpensive vinyl flooring to modernize your kitchen or bathroom.   

However, if larger projects are needing to be made, taking down the cost of the home can attract potential buyers who are ok with making the fixes themselves.  


Your home has been on the market too long

The longer a listing stays on the market, the more likely potential buyers are to be uncertain about pursuing your property. They may question the quality of your listing, and may even go as far as to wonder what’s wrong with the property if no other buyers are interested.  

Working with your real estate agent, you can set a competitive price point to gain positive attention and boost the possibility of selling your home more quickly.  

Troubleshooting along with great pricing can get your home in front of the right audience and sold in a timeline meeting your expectations.

About the Author
Author

Barry Bates

I am an experienced Real Estate Professional who has anchored rich relationships within the Greater Cincinnati and Suburban Area Regions. I analyze the market multiple times throughout the day in order to optimize the search criteria of my clients. The knowledge and experience I have attained over the years has led to thousands of lives to being positively impacted through purchasing and selling real estate. My dynamic commitment to the success of others has allowed me to help many individuals and families realize their dreams. Wouldn't you want to be Real Satisfied with the service you receive?

Collaborating with Coldwell Banker West Shell, we possess the technology and other remarkable industry-leading resources to help you connect with the best possible property for you. We have your best interest as our TOP PRIORITY!

My extensive history in Management within Butler, Warren, and Hamilton counties empowers you, my client, to benefit from the richness of the diverse markets and resources that are an integral part of the real estate relationship.

I desire to be in sync with your goals. YOU are my focus. YOU are my business.