Have a Formula When Reducing

a Home Price

Selling Your Home in Las Vegas

 

How and when is the right time to reduce the price of a home? This is the topic of this page and of an article appearing in the Las Vegas Review Journal on 11/9/2004.

Sometimes the houses on the market aren't selling. In this article, entitled "Formula to Reduce Price Nonexistant", Edith Lank of the Creator's Syndicate observes that if the house is not selling and there is no obvious defect, then it must not be selling because of the price. "

It doesn't matter what you think, what your broker thinks or even what an appraiser thinks. In the end, only your buying public's opinion matters," she adds.

Sellers and their agents should discuss at the listing appointment what will be done in the event the house isn't selling. Adjusting the price should be a component of this preliminary planning stage of the process and should encompass an overall schedule by which adjustments should be made.

 

Lank, Edith. "Formula to Reduce Price Nonexistant." Las Vegas Review Journal, November 11, 2004.