Is it Time to Lower the Asking Price for Your Home?

price reductionIf your house is currently on the market, the last thing you want to do is lower your asking price and miss out on thousands of dollars at closing. But staying firm on the selling price when you have gone months without an offer could keep you from making a sale. So how do you decide when it’s time to come down on your asking price? According to, one of the best ways to know if your asking price is the problem is to listen to feedback from house hunters and their agents. “If 35 to 40 buyers have passed through your home and not a single one has placed an offer, it’s time to seriously consider a price improvement,” says Brad Malow, a NYC real estate agent.

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