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The Purpose of a Price Reduction/Adjustment is To.....
   As your eyes wander through the listings on MLS and you spot the NEW PRICE  label that accompanies some of them....and click on the "history" button to see what the 
New Improved...now motivated price is over what the past price was for the listing.....you sometimes learn that the Seller is driving...or more appropriately, dragging the price...the reduction was $5,000 or less than the previous price that the market rejected.
    Regardless of the price the Seller(s) want...need....must have....the market decides.   The comparables aren't what a they want them to be...what an appraiser may have said months ago...the market decides TODAY what the price is....
      The longer that a house stays on the market at a price that has been rejected...no showings...few showings...no offer....the lower the price will be when the property sells...No Seller wants to hear that...but that is the reality of the real estate market...and the market and the Seller don't always agree.   Sellers are convinced it's just that the "right" Buyer hasn't seen the property...likely that may not happen at that price point.
    Trust an experienced and successful Real Estate agent to guide the pricing structure....agents work on commission...and agents who have a reputation that price ... more

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