3 Things Sellers Should Do When Considering A Home Price Reduction

Written by Posted On Wednesday, 18 February 2015 05:17


Pricing a home is never an easy task.Price reductions, price improvements, price adjustments, it doesn't matter what you call it, nobody wants to hear about lowering prices except a buyer. Adjusting the price of a home during the process of selling your home is a good practice. Consider these three tips when reducing your home price.

  1. Pull up sold comparrables and active listings and compare them with the features of your home.it is a key exercise in determining a range of value when reducing your price

  2. Have  your  agent pull up pending sales and examine the history of them. You won't know the sold price, but you can pin down average price reduction percentages.

  3. Know the number of similar homes for sale and the number that sell annually, this will allow a calculation to learn the sales rate. An example; there are 10 similar homes for sale or expected to come on the market and history shows 10 will sell during the year, this data suggests the supply and demand are equal. While the market is a moving target, the second example indicates there is a better chance of a sale, sooner, and at a higher price.
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Josh Feinberg

I’m super excited and passionate about what I do and take pride that a lot of my business is word-of-mouth referrals that has created many long-term relationships with people who have bought and sold through me repeatedly over the years. I ‘m more than just a realtor I’m an advocate, facilitator and expert in Phoenix’s often intricate real estate market. 

For ten years I’ve helped my clients in setting realistic expectations by considering such factors as budget, desired location and the event of a sale, I’ve helped achieve for them the maximum selling price. Having expertise and experience in the ever changing Phoenix real estate market dramatically has helped shape the decisions of my clients through the complex process that real estate has become.  


10 Years Of Experience 

• Expert knowledge of the Scottsdale,Paradise Valley and Phoenix area

• Skillful negotiating skills

• Innovative marketing ideas

• Extensive knowledge of the mortgage industry

• Excellent communication skills

• Outstanding personal service



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