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It’s not unusual for people looking for a home to find the right home that needs a price drop to make it affordable. Common questions for buyers looking at a home they consider over-priced are:

  • Will the price drop?
  • When will they reduce it?
  • Should we wait or just make them a lower offer now?

Realtor magazine recently had a story on seller price reductions that makes for interesting reading. Their original souce is an article on HousingWire.

The graphic summarized things as follows:

When will the price drop

Credit: Reator Magazine, July 10, 2019, How Long Until Sellers Seriously Consider a Price Cut?