We are not the Realtors who "buy listings"...we don't list for what a Seller wants....but what the market indicates...and that can change during the life of any listing. When a price
"adjustment" is necessary...it is never a good idea to choose a random number...OR "just a little bit." The higher the property is priced....it may well be the larger the price reduction needs to be.
The reason to reduce a price is the answer to the market...the market said "No" and that voice is in few showings and no offers.
If you choose a few hundred dollars..a few thousand dollars or in more expensive homes, TEN thousand may not be enough to be competitive with what the market is saying...
The best way to decide on the amount of a price reduction is to do your home work...What did really comparable homes sell for recently ? What does the market value in updates and improvements ? Where IS the next price category that will attract new and different buyers ? That is the question....and random answers rather than well researched answers will mean more time on the market...likely a stale listing and yet MORE price reductions.
Agents..do your homework...Sellers...
look carefully at the comps...a little bit may turn out to hurt you a lot in the price you end up getting when the property is sold.
If you or anyone you know is looking for Realtors in southeastern Wisconsin who do their home work...Call the Hansons, we would be honored to be of service for all things real estate !