08/04/2025
‼️ATTENTION SELLERS‼️ Lowering your home price until it sells might only be a winning strategy for the realtors. From our perspective, lower prices often mean faster sales and easier negotiations. Nice for us, but what about for you, the seller? Many homeowners have low interest mortgages, meaning your monthly costs related to your home is less than it would be for a new borrower today. The steady rise in real estate values historically, may outweigh the expenses incurred with a longer sale. This should be considered before cutting prices $20,000-30,000 every few weeks based on a realtor’s hunch.
Each seller must decide for themselves what is in their best interest before deciding on a price reduction. Is the overall economy trending up? Are interest rates expected to decrease, spurring an increase in buying pressure? The past few years were not “the norm”, and sales at 90-120 days on market were very common not long ago. If waiting 3-5 months helped you achieve 95-100% of your asking price, would it be worth the wait?
If you have questions about buying or selling in today’s market, send The Stock Group a message or give us a call to discuss the best strategy for you!
A growing number of sellers are taking their properties off the market as they refuse to adjust their price expectations.
