All markets are local and subjection to fluctuations. A price reduction is when a property listed for sale has its price lowered in order to attract more potential buyers. This is typically done when a property has been on the market for an extended period of time without any offers or interest. For sellers, a price reduction can be a tough decision to make but it can also help the property sell faster. In some cases, it may be necessary to reduce the price in order to compete with other properties on the market. For buyers, a price reduction can be an opportunity to purchase a property at a lower price than initially listed. However, it’s important to note that even with a price reduction, the property may still be overpriced. By knowing the local market and looking at comparable sales, we are here to help you make the best decisions in your real estate investment. The properties below have had a price drop within the last 7 days. Consequently they will begin to attract more attention and potential offers. Time is truly of the essence in our very competitive market. Contact us today if you’d like more information on a specific property.
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