The best time to pique a buyer’s interest is when the house first hits the market; there is no better way to make a big impact than with a competitive price, especially in today’s market. Homes that have been sitting on the market for an extended period of time will become old news, so to speak. A home that has been reduced multiple times may cause buyers to wonder if something may be wrong with the property or its location. It’s brutal out there!
Buyers are looking for the best properties, best locations at the very best price, and taking their time to find them. The key is to be priced very competitively, especially if you want to sell sooner rather than later.