La Jolla Real Estate, Del Mar Homes, Rancho Santa Fe, Carmel Valley, University City and Downtown San Diego real estate,
homes and condos for sale in California - Ruth Mills & the Mills Team, REALTOR.






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 JAN 22, 2007
5 Important Points to Consider Prior to Dropping Asking Price
If a home has been on the real estate market a long time and had been passed up for other properties, price is often the major factor.


Several real estate professionals were asked and came up with these five points to consider prior to lowering your asking price. 1. Know the comps in the area and price the home right in the beginning. Newly-listing homes see the most activity when they are first introduced to the market. 2. Evaluate and lower your asking price sooner instead of later while the property is still fresh on prospective buyer's minds. 3. If your home has been on the market for six months or more with no offers, consider lowering the price. After that, review your pricing strategy every 2-4 weeks. 4. When you have made the decision to lower your asking price, lower the price enough to place it at the top in a lower price range that at the bottom in a higher price range. 5. Keep in mind, the more expensive a home is, the greater decrease in price is needed to occur to make an impact on new prospective buyers.

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