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Old 04-21-2011, 02:11 PM
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l2ridehd l2ridehd is offline
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In today's market, 20 days on the market is nothing. Maybe in 6 months you might want to consider a price change. Ask your REA what the average days on the market is for your area. Instead of a price change, if your anxious to sell, I would offer a bonus to the selling agent to be paid after closing. Look at the total commission. Say your home is listed for 300K at a 6% fee so an 18K commission. half goes to selling agent and half to listing agent. These figures may vary for your area, but you get the idea. So offer a 3K bonus to the selling agent. His fee now goes from 9K to 12K. This costs you less then lowing your price and creates more action for your home as it pays more to sell your home then other homes. You can always remove the bonus and drop your price later if it has not sold. After all, your REA did recommend the price. And if he wants to change it after 20 days, I would question his capability in the original pricing.
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