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If buyers are coming and not making any offers and the house is not getting many buyers coming to see it, that maybe a good indicator that you should lower the price or think about bringing in a stager to evaluate the home.
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Sooner, rather than later, if conditions warrant! Let's say, you are having showings but no offers. Your Realtor might examine all the marketing strategies in place: do the photos accurately depict the desirability and are there enough photos to cover the exterior features and interior features that a buyer is looking for in the neighborhood? Do the photo descriptors help create a vision for a buyer that is appealing? Have the Realtor remarks been refreshed to reflect a renewed interest in the property? In this current market, CMAs are necessary about once a month, not only to educate the seller but to ensure pricing is accurate and competitive in today's market.
Ultimately the market determines value and price hurt. They hurt you the seller, and they often make a buyer wonder how much lower the price could drop. So, a buyer will often offer even less after a price reduction.
So when you are choose your agent make sure it is based on honesty, ethics, experience, competence and marketing, and if the agent tosses around numbers "to good to be true", challenge them realistically. It's your home and your investment, wasting valuable market introduction time on "poor pricing" costs you more than you might realize.
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