Yes, you have done it, you have listed your home! In today’s Collingwood Real Estate market it looks like any asking price will be accepted by an eager buyer. Realtors® and home-owners want to get the highest price possible for their property. Most are getting asking price, plus more!

So, when exactly should you reduce your asking price. Here are some key indicators that your expectations may need to be adjusted.

Listen to the Market

How many people are attending your open houses? How many people are viewing your property?

If 25-30 people have seen your home and an offer hasn’t come forward then the market is saying it is priced too high.

As a seller you should be asking buyers and their realtors for feedback after private viewings.

Pay close attention to the feedback that buyers and their agents provide. Look for common threads in the comments such as “it’s a bit expensive!” or “it seems a bit high.”

Within the first 3 weeks your home has its greatest impact. Analyze your showings, web traffic and open houses to get a feel for the appeal of your home. This is the time to adjust your price and not lose the momentum of marketing you have invested in.

How long has it been?