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Reply to "How long on the market before a price drop?"
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[quote=Anonymous]If her house in under $1m, meaning it can do a conforming loan not jumbo or super jumbo, someone should be communicating their interest to the listing agent. Oddly, people in the DC area don't lob in offers (we did tho) at what they think is fair value. They'd rather sit and sit and see if there is a price reduction. In your sister's case, unless they are desperate or really need to sell asap, she should just leave the price for 1 month or 2, and actively reach out to those who scheduled a viewing or a 2nd viewing. Really a toss up if leaveprice for 2-3 months or cut price. it's not like the buyers are going to buy much else and go away! no inventory![/quote]
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