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Sometimes, It Just Takes Finding The Right Price Point To Open The Floodgates

Floodgates
Sometimes, but not always, this can happen when pricing and listing and marketing a home...
  • List your house at a somewhat optimistic price
     
  • Very few showings
     
  • Adjust the price down a bit
     
  • A few more showings, but not many
     
  • Adjust the price down a bit
     
  • A few more showings, but not many
     
  • Adjust the price down a bit
     
  • LOTS of showings!
     
  • An offer!
     
  • Another offer!
It doesn't always happen, but sometimes you cross a threshold where all of a sudden many buyers see your house as being a much better value proposition -- and they are all of a sudden worried that another buyer might jump on the opportunity faster than they will.

We only really know where this threshold is once we are there. 
Sometimes a buyer doesn't even want to negotiate much on price once you hit that threshold because they feel the price is fair, they sense there may be other strong buyer interest, and they don't want to miss out.

So - if your home is not getting the buyer activity you'd like to see (or that you need to see in order to believe an offer might materialize) sometimes it will just take a few increment price adjustments until you hit that price point where the floodgates open and the showings being, and (hopefully!) an offer will come in as well!
 

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