Hi, I would look at whatever has sold (the last six months) and what is active in your immediate area to make a proper price reduction. The key is to make your home the best value and price at the same time. So if you have a competing home that is listed at the same price make sure yours is in great shape, clean, and priced about 10k less. Pricing isn't always the issue, marketing also plays a big part. You may undercut yourself and all you needed was more exposure. If you are selling on your own you should really get some help marketing the property online and possibly in print. It doesn't matter how low you go, if the right people don't know about your home it's not going to sell.
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