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Old 06-26-2018, 06:21 AM
 
4,483 posts, read 7,947,544 times
Reputation: 6415

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Quote:
Originally Posted by carnivalday View Post
At that price point, I dont know how much these small (for this price range) drops are going to help.
The small price drops help, but they should be twice a month. If someone didn't bite at the first price drop, they dont need 30 days to think about it.

By dropping the price regularly, your finding out the maximum of what people are willing to pay.
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Old 06-27-2018, 02:36 PM
 
Location: Raleigh NC
7,781 posts, read 6,132,755 times
Reputation: 6905
when your house doesn't sell, you have 2 viable options:

Improve the price
Improve the condition

sometimes the market simply shifts. 10 years ago, maybe $1MM got you an old house, or that's even what people were looking for. Market went down with recession, but has since recovered overall. But if $1MM buyers are now finding a nicer newer house they can buy, and maybe the only real tradeoff is lot size, well....
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Old 06-28-2018, 12:17 PM
 
Location: Needham, MA
6,324 posts, read 9,039,168 times
Reputation: 5324
Quote:
Originally Posted by carnivalday View Post
And another drop to $1,259,000. Has been for sale now for over a year. At that price point, I dont know how much these small (for this price range) drops are going to help. Would be interesting knowing if there have been any offers at all.
Raising the price by $50K when they relisted in the spring was not something I would have done. IIRC, the house had already been at that price when it was first listed with an agent. Granted OP's agent was doing them no favors. However, I don't think they were killing the value by $50K.

Quote:
Originally Posted by 399083453 View Post
The small price drops help, but they should be twice a month. If someone didn't bite at the first price drop, they dont need 30 days to think about it.

By dropping the price regularly, your finding out the maximum of what people are willing to pay.
Price drops every two weeks just attracts bargain hunters IMO. It's like throwing chum in shark infested waters. IMO you're better off doing larger and less frequent price drops.
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Old 07-06-2018, 10:19 AM
 
3,757 posts, read 2,911,397 times
Reputation: 11994
Been for sale now nearly 15 months, and there seems to be a lot more inventory in that price range for sale in that area, more modern houses with central air priced less. Is it now just a matter of price? It would seem the market has spoken, and if they are truly interested in selling, they would price accordingly.
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Old 07-31-2018, 09:48 AM
 
3,757 posts, read 2,911,397 times
Reputation: 11994
Looks like theres a pending offer.
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