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Everybody Loves Your Money
Everybody Loves Your Money
Brandon Marcus

Your House Has Been Sitting for 60 Days. How Much Should You Cut the Price?

Your House Has Been Sitting for 60 Days. How Much Should You Cut the Price?
A home that sits on the market for 60 days may need more than a token price reduction. Sellers should compare recent sales, current competition, showing activity, and buyer feedback before choosing a new asking price – Shutterstock

Sixty days on the market can change the conversation around a house. If buyers keep touring the property but nobody writes an offer, the asking price may have become the elephant in the living room.

That does not automatically mean a seller needs to slash the price by $50,000 and start panic-eating cookies. A better approach looks at comparable homes, recent buyer activity, competing listings, and the home’s current position in the market before choosing a new number.

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