81 Price Drops Like Weight Loss Get You To Your Goal

81 Price Drops Like Weight Loss Get You To Your Goal

Imagine this… you have been studying the market during the best market for sellers anyone has ever seen in the history of the world. At least, that’s your interpretation due to all the prices you see in terms of closings in your building and...

Imagine this… you have been studying the market during the best market for sellers anyone has ever seen in the history of the world. At least, that’s your interpretation due to all the prices you see in terms of closings in your building and neighborhood. You travel during the summer and then decide to list in the Fall. You wait, and then you wait a little bit more, and the property finally goes on the market. It’s priced for the market you’ve been watching, but nobody is coming, and you don’t understand why. Now that your broker wants a price drop, you dig your heels in and say no. Is that the best option? Today we are talking about price drops, why and when to do them, and how they can help you sell your property if that’s your goal.

Pricing is both a science and an art. If you have to drop a price, that is not easy either. Emotionally it can be hard to admit your property is not going to sell for what you wanted, but also how much you should drop it and how quickly it will sell after the drop. If you are considering a price drop, you should not only focus on what the new price will be but also on why you want to sell. Your motivation for selling might make it easier for you to stomach the price drop, and if you drop it to the right price, it will encourage offers.

Any other questions? Reach out to us at www.therealestatebroadsofnewyork.com, or you can email us at deniseandsharon@compass.com.

If you enjoy this podcast, please tap on the stars below and consider leaving a short review on Apple Podcasts. It will take less than 60 seconds, and it makes a difference in helping us bring you more content.

Subscribe to The Real Estate Broads of New York on Apple Podcasts, Google Podcasts, Stitcher, Spotify, or wherever you listen so that you never miss an episode. Let us know if you have any questions or topics for future episodes you'd like us to discuss.

Not moving in or out of NYC but looking for help? Contact us!  We work with an extensive network of agents and will help you find the perfect broad (or bro) to help.