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Real Estate Tips
Pricing >The Asking Price

Picture this...

Your house has been on the market for four weeks. There have been a lot of showings but no offers, so you are wondering if you should consider a price reduction. You want to get as much as you can for your home, but more importantly you want it to sell!

This may be the time to have a frank discussion with your real estate agent. While price may be a major factor, it may not be the only consideration. Are you making your house easy for agents to show? Have you completed the necessary maintenance and cleaning so that your property is as appealing as possible? Review with your agent the current market conditions and the prices of other homes in your neighborhood before determining that a price reduction is in order.

Even though your price may be competitive, the marketplace may be telling you that buyers just won't pay what you would like to get. If all indicators point to a price reduction, it is better to do it sooner rather than later.

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Real Estate Trivia
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Where can you find the world's largest residential palace?

A 
The Istana Nurul Iman, palace of the Sultan of Brunei, includes 2,152,782 square feet, 1,788 rooms, 257 bathrooms and a 110-car garage.
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Gregg Lorenz, REALTOR®, real estate agent and broker for Media, Upper Providence and Middletown, Pennsylvania home listings, property and land for sale - NUMBER1EXPERT(tm)

Gregg Lorenz
Prudential Fox and Roach Realtors

601 East Baltimore Pike
Media, PA 19063
Cell:: 610-500-1749
Fax: 610-566-8664
GregggLorenz@NUMBER1EXPERT.com

ABR


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