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?
The graphic summarized things as follows:
Credit: Reator Magazine, July 10, 2019, How Long Until Sellers Seriously Consider a Price Cut?