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If you want to sell, I'd drop into the next price bracket if you want to sell quickly. (Say you're listed at 325k, dropping to 299k could be very helpful.)
We've been on since May 26th and initially started high, not obscenely high, but high because we weren't in a hurry. We did one 20k drop after a month on, then another 30k drop about five weeks ago. We had practically no activity over the summer, but now we're having showings every few days. So they are out there, they're just looking at 20-30 houses, as opposed to looking at 5 and going to contract as quickly as possible like buyers did during the boom.
that's good to know that they are out there. we are considering a drop of 2 price brackets to try and get some activity and then just let it stay there. hopefully that might work. I am trying to figure out what is important to buyers: price - association fees paid or some money to closing. I think we are just going to take it all off the price since our association fees are low and we want a qualified buyer????
Don't drop more then you can afford because buyers are still going to try to get a deal. Make sure you leave room to pay closing or whatever the buyer needs to make the deal work.
Our plan is once one of the buyers who is (allegedly) interested makes an offer, we'll possibly use covering association fees or putting money towards closing costs as bargaining chips. I wouldn't put everything on the table just yet.
I left a message on your other post. I'll gladly take a look at your place & competition to give you an opinion.
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