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When is it time to lower the price of your house? Here's how to tell

The article from KUTV discusses the strategic considerations homeowners should take into account when deciding whether to reduce the price of their home. Key indicators that it might be time to lower the price include the home lingering on the market longer than similar properties in the area, receiving few or no offers, or feedback from potential buyers indicating that the price is too high. The article suggests that sellers should consult with their real estate agent to analyze market trends and comparable sales, and consider a price reduction if the home is not attracting sufficient interest. It also emphasizes the importance of setting a competitive price from the start to avoid the need for reductions later, which can signal to buyers that the seller is motivated to sell quickly, potentially leading to lower offers.

Read the Full KUTV Article at:
[ https://kutv.com/money/mortgages/when-to-reduce-home-price ]