More home sellers cut asking price

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Here are five instances in which you may have to offer over asking price to get the home you want: 1. It’s a seller’s market. When a housing market heats up, sellers often receive multiple offers in a matter of days or even hours. They usually accept the highest offer, so you may only get one shot at impressing a seller.

Exactly. You need to look at comparable homes in the same area or city to see 1) what they last sold at and 2) what percentage of the asking price comparable homes sell at. If comparable homes are selling at the same price or more or are selling at 95% of asking price, then you may be lowballing at 85%. The opposite is also true.

When negotiating the price of real estate, there’s a difference between the asking price and offer price. Most sellers set an asking price above the amount a purchaser offers for a house. The middle ground of the final sales price falls closer to the property’s actual market value.

In the four weeks ending on September 23, homes that sold above asking price dipped below 2016 levels, according to the latest data from Redfin. According to the company, 22.9% of homes sold for more.

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Is reducing the sale price of a home a red flag? Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.

The number of home sellers who cut their asking prices spiked to its highest level since 2009 during the week after Labor Day, according to StreetEasy. The listings website also saw its biggest.

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Likewise, if you’re well past your hood’s "sell-by date," it’s time to start cutting prices and maybe even delisting your home. How many homes had a price reduction in your neighborhood.

Asking price cuts decline The percentage of U.S. home sellers cutting their asking price declined again in March, and home owners made smaller reductions in prices, according to 20.7%.

In a market that has more homes for sale than buyers, buyers set the pricing pace. If you are serious about selling and are not just testing the waters, adjust your price to suit your market.

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