Video Series: When Should You Lower the Price of Your Home?

Welcome back to   Crye-Leike Insights! We are here to share tips, stories, and wisdom from our Crye-Leike family.  In this week’s episode, Carol Lott from   The Lott Team   is here to share a few tips on when to lower the price of your home.

Congratulations! Your home is on the market and you are ready to sell. When you put your home on the market, you expect to sell your home quickly! But, if offers don’t start coming in like you expect, you might want to consider lowering the price of your home.

 

Listen to the Feedback

If potential buyers are coming to see your house, but leave saying “this house is too small,” it might be time to lower the price of your home.

 

The 10 Day Rule

If your home has been on the market for more than 10 day without any offers, this would be a good time to think about lowering the price.

 

Your Motivation

How strong is your motivation to sell your home? If you are not in any rush, you can wait a little longer before reducing the price. If you have accepted a new job out of the area and you need to move soon, lowering the price of you home can help it sell quickly.

 

The Lott Team
Phone: 901-276-8800
Carol: 901.461.4869
Amanda: 901.461.9246
TheLottTeam@Crye-Leike.com