Ask a realtor whos been thru a down-turn in the market or a market crash. Advice from a realtor whos had 5 years or so experience in Calgary's market is pretty useless.
Quote:
Originally Posted by mac_gurl
We listed our condo last May, right before things started to cool down. We listed high, and then realized we were maybe a little higher than some others, so dropped our price from $292K to $285. We had some people call after we dropped the price, and someone bought it, 3 days later, no questions asked. They knew we had dropped the price, so understood we weren't willing to negotiate. I'd say leave it as it is. If people want it, they will take it at the price you have, and the lower price will get more people looking at yours, as opposed to the others.
Good luck!
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You werent willing to negoatiate because someone bought it. If you didnt get that buyer and the place sat for 3 months then what would you do? Again, live thru a down market and you have a different view of RE.