Which is better

Asked by Janet Michalsen, Loves Park, IL Tue May 22, 2012

Price reduction or offering seller assistance?

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Ryan Petry, Agent, Loves Park, IL
Wed Jun 6, 2012
Most buyers in need of seller assistance are going to assume that a seller is willing to assist them if they write a reasonable offer, regardless of list price. Closing costs being paid is sort of a given with many buyers these days. The trick is to get an offer... and you'll only get one if your price is competitive. I just reduced a listing that had 4 showings in the past 6 weeks a mere $2,500. It hit the hot sheet on the MLS and within 2 days I scheduled 6 showings. So price reductions can work; they will definitely work if you're overpriced at the moment.

So... get a buyer and then think about closing costs. But it will be unrealistic for you to reduce your price and not think buyers still won't want you to give a little more. That's the market we're in. It isn't 2006 anymore. Good luck with selling your home!

1 vote
Marc White, Agent, Charlotte, NC
Tue May 22, 2012
It depends on the buyers needs.
0 votes
Edith Karoli…, Agent, Winnetka, IL
Tue May 22, 2012
Usually it is the price that makes the most sense, although in some cases closing cost credit
is appealing. It really depends on the type of home and home buyer.

And in order to make a great decision on that, if you are working with a Realtor, see if your home is
priced competitively in the first place.

In this market the right price is a very important part of getting a home sold....
Good Luck to you
YourRealtor4Life Working always in the very BEST interest of her clients
Chicago, N. Illinois and the North Shore
@Properties Winnetka - Chicago - Evanston - Highland park - Lake Forest
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