Money Monday: When to drop the list price

“You’ve listed your home for sale, and no one is taking the bait. One month passes, then two. How long do you wait before you increase the odds of an offer by dropping the price?

“According to a recent survey from blockchain-based real estate platform ShelterZoom, most American home sellers opt to reduce their asking price after three months of zero offers.” (“Most home sellers will wait this long before dropping their listing price”.

How long would you wait? One way to hopefully avoid having to drop the list price is by pricing your home for sale correctly. Realtors know the local real estate market and can help you make a savvy decision. Ask me for help, if you’re in San Diego County and are thinking of listing your home for sale!

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