After several days on the market with no interest at the asking price of $1,5000,000,000.00 the Sellers reduced to $1,150,000.00
Now that is a Price Reduction!
Speaking of price reductions.
Sellers, please don’t reduce your listings by 5, 10k a pop.
If you are finally going to make the move, reduce in 50k increments, this will make a statement with the way Buyers search for properties.
Most search in 100k spreads so a 5/10k reduction keeps you in the same search spread.
Talk with your listing agent, they can show you what I mean.