When selling a home, setting the right price is crucial to attracting potential buyers and closing a successful sale. The article suggests that if a home has been on the market for 30 days without any offers, it may be a sign that the price is too high. In such cases, making a price reduction may be necessary to generate interest and bring in offers.

 

However, it's important to approach price reductions strategically. Instead of making multiple small reductions, the article recommends making a single, significant reduction to avoid the appearance of desperation and maintain the perceived value of the home. By carefully considering the market conditions, competition, and buyer feedback, sellers can make informed decisions about price changes and maximize their chances of a successful sale.

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