Thursday, March 22, 2007

PRICE REDUCTION OR BUYER INCENTIVES?

In a slowing market similar to what we have been experiencing lately, many home "sellers" and agents are faced with the challenge of pricing properties right in order to sell.

Typically what will happen, is if after a predetermined amount of time passes and the property has not sold, the agent will implement a price reduction to the sale price of the home; something "sellers" are generally reluctant to do.

What other option do they have if they want the property to sell? There are options to be discussed with your agent, and you can read more about them in the following article here.

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