1. Officially lower the price, announcing it in MLS and all the marketing outlets.
2. Have your agent contact the potential buyers and their agents and allow him/her to confidentially communicate that you will accept a lower than listing price.
3. After testing the market with the newly lowered price, you will have an idea if a set offer date is appropriate and may be in the position to set a deadline.
4. Be realistic!
Alina Aeby-Broker Associate
Pacific Union International http://www.bestsfhomes.com
Seriously, if the market is like it is today, then the last thing you should have done is over price it. Agents need to be firm in their advice, and Sellers need to listen to the agent they hire... after all, why hire someone whose advice you don't want or trust? And sellers need to be cautious of the agent who quotes a potential sales price far in excess of everyone else they interview. Over pricing can cost you time and/or money. In today's hot market under pricing often gets you that "priced too high" price. Of course every market, and every property is different, so be sure to get a thorough value report and opinion from each agent you interview.
By having your home priced too high, not only is it not going to sale, but you are actually helping other RIGHT priced homes sale.
Buyers may view your home, then view one nearby which is priced right, and jump on the right priced home.
You are doing yourself and your poor agent a disservice by pricing your home too high!!!!
Kawain Payne, Realtor
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