{"id":258115,"date":"2025-05-26T15:11:40","date_gmt":"2025-05-26T15:11:40","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/real-estate\/price-reductions-bubbleinfo-com\/"},"modified":"2025-05-26T15:11:40","modified_gmt":"2025-05-26T15:11:40","slug":"price-reductions-bubbleinfo-com","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=258115","title":{"rendered":"Price Reductions | bubbleinfo.com"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p><em>These were my notes that expand on the previous blog post.<\/em><\/p>\n<p style=\"text-align: justify;\">This is the Market Lull.<\/p>\n<p style=\"text-align: justify;\">It\u2019ll go for at least another month or two and for many it might last until January.<\/p>\n<p style=\"text-align: justify;\">Hardly anyone knows what to do. Buyers don\u2019t mind waiting longer \u2013 they keep hoping that something good would happen. Same with sellers. Agents who have only known a strong seller\u2019s market (last 15 years) are getting anxious though.<\/p>\n<p style=\"text-align: justify;\">Reducing the price by 5% is the minimum to impress buyers.<\/p>\n<p style=\"text-align: justify;\"><strong>Price Reductions \u2013 When They Reduce The Price Sends A Signal<\/strong><\/p>\n<p style=\"text-align: justify;\"><em>Price reduction in first month:<\/em> No showings or offers and seller is motivated (and maybe panicked) and\/or the listing agent is great at reading the room\u2026.especially if it\u2019s a 5% drop.<\/p>\n<p style=\"text-align: justify;\"><em>Price reduction in second month:<\/em> Normal, and needs to be 5% just to keep up.<\/p>\n<p style=\"text-align: justify;\"><em>Wait 3-4 months for first price reduction:<\/em> Seller just starting to get it, but buyers have been ignoring the listing for 2-3 months. Too late to be able to sell this year.<\/p>\n<p style=\"text-align: justify;\"><em>No reductions:<\/em> Seller doesn\u2019t care and neither does the agent, or the agent is weak. By now, anything might happen with them so wake them up with an offer.<\/p>\n<p style=\"text-align: justify;\">Rule of thumb: in the buyer\u2019s mind, the value is going down about 1% per week. After 10 weeks, sellers should reduce drastically or quit. All you will get is lowballs.<\/p>\n<p style=\"text-align: justify;\">How to identify agents to lowball who don\u2019t have a sales skill set and need a deal to fall in their lap. They ask: \u201cDo you have any questions?\u201d<\/p>\n<p style=\"text-align: justify;\">Buyers can ask this question at open houses: \u201cDo you think it\u2019s worth it?\u201d How the agent answers that will tell you everything about your chances of getting a deal.<\/p>\n<\/p><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>These were my notes that expand on the previous blog post. This is the Market Lull. It\u2019ll go for at least another month or two and for many it might last until January. Hardly anyone knows what to do. Buyers don\u2019t mind waiting longer \u2013 they keep hoping that something good would happen. Same with [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[99],"tags":[19227,1924,34066],"dealstore":[],"offerexpiration":[],"class_list":["post-258115","post","type-post","status-publish","format-standard","hentry","category-real-estate","tag-bubbleinfo-com","tag-price","tag-reductions"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Price Reductions | bubbleinfo.com - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=258115\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Price Reductions | bubbleinfo.com - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"These were my notes that expand on the previous blog post. 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