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[quote=Anonymous]Ask your agent what the price of your house would be if you were to sell it in a week. That's your point of reference. The more you're able to drop the price and end up getting somewhat close to that number, then the easier it will be to sell your house without you having to keep your house in show-able condition for dozens of weeks. As mentioned by the PPs, you don't want a whole bunch of tiny little price drops, relative to the price of the house. If your house initially lists for $1,150,000 and you drop the price $20k after 30 days, you're only going to spin your wheels. If my house was initially priced $1,150,000 and it sat for 30 days, I'd drop it 6% or 70k. If I had a house listed for 1 mil and it sat for 30 days, I'd drop it 4%, or 40k.[/quote]
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