While there have been volumes written about pricing a seller's home and while none of the pricing tips presented in these blog posts are new or earth shattering, it is important to restate the obvious. Although real estate agents know this information intuitively, sellers don't often realize the facts and need to be informed so they don't make false assumptions and do make an informed and factual decisions.
Tip #6: If your home is newly listed, but not receiving showings or only receiving a few showings, and no offers the market is speaking to you.
Over a short period of time, this does not neccessarily mean you should lower your price immediately, but it does mean there is something about your home, with price and condition always being the two largest factors, causing buyers to pass on writing an offer.
A good rule of thumb is that anytime you can obtain a good offer early in the sales process, your negotiating position is much stronger and you have a much better chance of increasing your financial bottom line.