"WHY drop the price? Buyers aren't complaining
You've been
on the market for a couple of months, had lots of showings but no offers.
You're thinking that maybe it's time to drop the price. But you realize that
nobody has complained that the price is too high.
Could there
be another problem?
Nope. All
the prospects that have viewed your home have said it... even if they never
spoke the words. A decent number of showings and lack of serious interest means
that your house does not compare as favorably with the others in that price
range. Prospective buyers compare your home to others on the market and since
they didn’t buy your house, they bought another. In other word, read between
the lines when it’s not selling, unless you’ve got a dead cat behind the sofa.
Overpricing
actually gives the advantage to the other homes on the market. Your house just
isn't stacking up against the competition. Don’t wait so long in dropping the
price that you make prospective buyers question why your home has been on the
market so long. " http://www.helpinghomesellers.com/answers/d/phone-inquiries/how-to-handle-phone-calls/36/22
excerpt from this blog.
excerpt from this blog.
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