Years ago I wrote a blog post to answer the question “how much should I drop my home price?” That article continues to get traffic today. Over the years, I’ve also asked clients who were firing their agent and hiring me why they were switching agents, and often got this answer:
My agent didn’t seem to have any ideas on how to get my home sold when it didn’t just sell itself quickly. All she/he could suggest was to drop the price. I would be willing to drop the price if I knew everything had been tried and it hadn’t worked, but shouldn’t we try some other things before we just drop the price?
Clearly this is an issue that concerns home sellers.
I recorded this video for Facebook and YouTube a few months ago. I’ve been so busy taking care of clients that I haven’t had time to post the video here on the blog until now. But everything I talk about in this video is just as true today as when I recorded it. I hope it helps you understand how pricing impacts home sales and when it is time to drop the price.
Moving forward, I’ve got more behind the scenes help. Be sure to subscribe to the Arch City Homes weekly email and the video tips will be delivered directly to your inbox weekly.
Major Points in this Video:
- is the home getting showings and how does that impact selling?
- what MLS data can help you decide if you should drop the price?
- when should you talk to your agent about what will be done if it doesn’t sell right away?
No Price Drop Needed:
While I understand when it is time to drop the price and how much to lower it, most of the time no price drop is needed. Here are just some of the homes I sold this year that didn’t need a price drop at all.
Are You Thinking About Moving?
I specialize in selling St. Louis homes regardless of whether they will be the hot listing to hit the market or if they have a challenge that makes it much harder to sell. I also work with buyers who want to find the home of their dreams, but don’t want to overpay.
If you are thinking of buying or selling a home in the St. Louis area, give me a call at 314-265-8073 and let’s talk about your options.