Many homeowners when they first list their home for sale do so at an unrealistic price. Pricing higher than comparable properties can happen for many reasons, a weak agent does not educate their client on local prices, the person is only testing the market and doesn’t have to sell or they have their head stuck on what their house was worth in 2006.
Whatever the reason for the initial pricing mistake there is always the option to reduce the price. This move can breathe new life into a listing. The house is now visible to people searching homes online in a slightly lower price bracket. For agents who are searching the MLS (multiple listing service) many search by status change. A price reduction will appear at the top of the status changes along with new listings.
From a buyers point of view a price reduction can signal that a seller is finally fully motivated and wants to sell their house soon and is ready to make a deal.
Below are the 10 active properties for sale in Scottsdale that have had the largest percentage price reduction since listing.
If you are a buyer interested in one of these properties fell free to give me a call to schedule a showing: 480 274 5710
Scottsdale Properties for Sale with Price Reduction
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