Your Asking Price: Is a Price Drop Right for You?

Thinking about lowering your asking price? Learn when a price drop makes sense and what to consider before making the call

Dropping your asking price can feel like a big step, but sometimes it’s the right move to get your home sold. If your property has been on the market for a while with little interest, or if similar homes nearby are priced lower and selling faster, it may be time to reassess.

Before making the change, look at the feedback you’ve received from viewings, current market conditions, and how urgently you need to move. A price drop doesn’t always mean losing out — it can attract fresh attention, reach new buyers, and even spark competition that leads to stronger offers.

The key is to balance patience with strategy: review the data, talk with your agent, and make sure any adjustment works for your goals.

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