How often and how much should I discount my property? Jordan Brewer
There are many things that affect days on market or how fast your property will sell. The three biggest factors are price, location, and condition. You can't change the location of your property and at this point in the process and you can't change the condition of the property, so you may need to change the price. We recommend lowering the price my a minimum of 3-5% every thirty days, possibly every two weeks depending on traffic. If you're going to lose money on a deal, its better to lose a little than a lot. You'd be far better off lowering your price and selling the property for a lower profit than NOT lowering the price, NOT selling the property and losing ALL your profits. You need to realize that you don't determine the price... the buyer does.
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