Question about price reductions for my fellow Realtors?

Hello Debbie:

All at once and don't look back or second guess yourself. The seller agreed to a a $10K reduction, so share it with the market and get it sold. This is no time or market to play games.  Good luck.

Debbie, get ahead of the curve. It will be more likely to sell. It appears that your sellers recognize the need for the adjustment in order to be competitive. If you do small reductions you risk trailing the competition down. Lead the pack and get it under contract...unless $10k is really not enough...

I agree with Brian all at once.  Educating the buyer as to what price will SELL the home is what is needed. The question is easy do you want to chase the market or have the market chase you. One of our agents in the office had a stuburn client listing and he got the first reduction signed at the time of listing knowing that the home is overpirced and also told them that they would probably have to reduce again after that.  Some clients won't listen to our advice on price. Even the best home will not sell if not priced right.

I agree take the $10K before she changes her mind, get is sold!