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How Not To Reduce The Price Of Your Big Bear Home

Price reductions are commonplace in today’s real estate market.  Many days, they actually outnumber the number of closed sales & new pending sales.

Price reductions happen because the seller or real estate agent overestimated the market value of the property in the beginning and the buyers reject it.  Dropping the price is not necessarily a bad thing, it happens.  But, the key reason to drop the price is to spark some interest, generate some activity, and hopefully, an offer.

Many times though the seller only drops the price a small amount, not enough to make a big difference.  This is what most people call “chasing the market down”.

Here are some thoughts I have about reducing the asking price of a property.

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What do you think?

Like the video above?  Check out some of my other video posts.

Related Posts

Pricing A Property In Big Bear – Follow Your Real Estate Gut

What’s More Important, Asking Price or Sales Incentives?

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  1. The best way to avoid a price reduction is to get it priced right the first time.

  2. Agreed.

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