6 Reasons to Reduce Your Home Price
While you’d like to get the best price for your home, consider our six reasons to reduce your home price.
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Copyright 2011 NATIONAL ASSOCIATION OF REALTORS®
Saturday, July 2, 2011
7 Reasons to Reduce Your Price
One More Reason: Interest rates are likely going up, which historically creates downward pressure on property values. A 1% increase in the mortgage interest rate needs a 10% decrease in principal to maintain the same monthly payment. If you need to sell your home soon, Sellers should seriously consider price positioning their properties to be the very next one to sell in their respective communities.
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