Becky Isaacs, Realtor

I think 8-10 showings in a 30 day listing period is good! Was house competitively priced before the price was dropped $20k? and how do the showings relate to the previous $20k drop in price?

I would be a little skeptical if the price was dropped $20k in the 1st 30 days and you are considering dropping it again, even though you believe it is competitively priced. Offer all appliances, closing costs, creative financing options, buyer's allowance for decorating, etc. If the home is competitively priced with appropriate comps to back it up, then leave the price alone. There are too many other enticements you can offer instead. As an Agent, I usually wait 45 days to consider an initial price reduction, another 45 days to offer extra incentives and an additional 45 days to consider a 2nd price reduction or other incentives. - Mon Jun 9 2008, 13:14