If you are working with an agent let them show you the comps and take your homeowner hat off and be realistic as to the value of your home. Pricing it too high already may have cost you thousands... homes in any market but especially a hot market get a stigma on them when their days on market number gets too high... potential buyers say... what's wrong with this house?
Also, pricing your home too high makes other homes that are currently or pending look like even better deals so you are helping them sell over yours.
Hope this all helps. Fix the error, be realistic and do what you can to make the home stand out and you will sell it fairly quickly I would think.
Don Groff | REALTORÂ® & Mortgage Broker
Austin Real Estate Pros & 360 Lending Group
o 512.669.5599 | m 512.633.4157 | firstname.lastname@example.org
websites: http://www.AustinListed.com | http://www.360LendingGroup.com
The Michael Group
The local market conditions and your situation will impose the correct response.
Proper pricing and patience will allow matching your home to the buyer who values your home and all it has to offer..
Adjusting the price will compress the timeline and attract may a buyer who may be unwilling to recongnize all the attributes your home offers.
IT is your situation that must be understood. Your real estate professional will be able to present the proper options based on what you have revealed regarding your situation.
Please be aware, real estate professionals are not mind readers. If you are not transparent regarding your requirements, the agent is left to assume their goals are the same as yours....which usually means...SELL AS FAST AS POSSIBLE. There are real benefits to moving on the the next chapter of your life.
The best way to address a meaningful price adjustment is via your real estate professional. They should have access to the details necessary to make an informed recommendation.