When to Lower the Asking Price for Your Home

Is now the right time to lower the asking price for your residence? If you’ve studied the housing market closely, set an aggressive price for your home and are still struggling to generate interest in your residence, the answer to this question may be a resounding “Yes.”

Ultimately, there are many reasons why you may want to consider lowering the asking price for your house, including:

1. It has been many weeks or months since the last home showing.

Although your home listing initially may have stirred up plenty of interest, homebuyers have shied away from your residence over the past few weeks or months. Thus, there may be no time like the present to lower your house’s asking price to widen your net of prospective homebuyers.

Reducing your house’s asking price by even a few thousand dollars may help you generate interest in your residence. And in the days following a price drop, you may notice a significant increase in the number of requests for home showings as well.

2. Your home asking price no longer corresponds to the current real estate market’s conditions.

A seller’s market can quickly morph into a buyer’s market. As such, you should evaluate the real estate sector regularly to ensure your home asking price corresponds to the current housing market’s conditions.

Take a look at available houses that are similar to your own – you’ll be happy you did. This housing market data can help you determine if your house is priced appropriately based on the competition.

Also, examine the prices of recently sold houses in your city or town. That way, you can see how long these residences were available before they sold, find out whether you’re operating in a buyer’s or seller’s market and plan accordingly.

3. You need to sell your house as soon as possible.

If you face a time crunch to sell your home, you should establish an aggressive price for your residence from the get-go. However, if you fail to generate substantial interest in your residence, you may need to act fast to lower your home asking price to meet your deadline.

For those who want to avoid the possibility of lowering a house’s asking price, it often pays to work with a real estate agent. This housing market professional can help you establish a fair, competitive price for your residence, one that should help you stir up significant interest in your home.

In addition, a real estate agent will work with you throughout the home selling process. He or she will set up home showings, host open houses and negotiate with homebuyers on your behalf. Perhaps best of all, a real estate agent is happy to respond to your home selling questions and ensure you can make informed home selling decisions.

Before you lower your home asking price, consult with a real estate agent. By doing so, you can get the expert home selling advice that you need to determine whether to wait out the current housing market or reduce the price of your residence.

94 Bishops Forest Dr Unit 94, Waltham, MA 02452 has an Open House on Sunday, Feb 10, 2019 at 12:00 PM








94 Bishops Forest Dr,



Waltham, MA 02452

Condo

$684,000
Price

5
Rooms

3
Beds

3
Baths

Highly coveted, luxury Exeter ranch style condominium end-unit @ Bishops Forest located in Wayside Village. Care free single level living at it's finest! Large open floor plan features first floor master suite with walk in shower, dual sink vanity, as well as 2 walk-in closets. Kitchen features granite counter tops, stainless steel appliances, ample cabinet space, pantry and sun-drenched dinette nook. Cozy wood burning fireplace in living room with cathedral ceilings and hardwood floors. The generous dining area includes a slider leading directly to the private deck. A fully finished lower level offers significant additional private living space: huge family room, kitchenette w/island, bedroom, and full bath. Absolutely perfect for guests. The attic provides massive storage accessed via a full set of pull down stairs. Additional amenities include direct entry one car garage, central A/C, security system and more. This is the unit you've been waiting for, don't miss out!

Open House

Sunday

February 10
at
12:00 PM to 1:30 PM

Cannot make the Open Houses?

Location: 94 Bishops Forest Dr, Waltham, MA 02452    Get Directions

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Freshening up Your Space on a Budget

Has your house become someplace that doesn’t quite feel like the home you want? Maybe it’s dull or dreary or just not your style anymore? Perhaps you’re on a tight budget, or don’t feel that you have the time to go out and redo your entire space — no worries you don’t have to re-design the whole room to freshen it up and breathe life back into it. 

Start with a vision 

What about your space bothers you or just doesn’t feel like you anymore? Are there certain colors that you would like to see? Or maybe some that you wouldn’t? Determine if the furniture that you have fulfills your needs. If not, this may be the place that you splurge a little since proper functionality is essential to help you enjoy your environment while you are using it. Also, consider if you would benefit from rearranging the current set-up in your space. It may look like it is stuck where it is, especially if it has been there a while, but measure out what you have and see if you have other options. If so, then give them a go. It is a good idea to move the larger things around, even if you don’t think it will remain that way, as this will give you a chance to clean under and around anything that hasn’t been moved recently and may give you new ideas once you see it from a different perspective. 

Bring on the accent pieces

Once you have the furniture figured out, the easiest way to change the appearance of a room is with accent pieces. These include throw blankets, accent pillows, bedding, art, lamps, plants, and even candles. Throw pillows are one of the least expensive and easiest places to start. New cushions, or different pillow covers, change both the color and style of your space. If it is the bedroom, then the bedding is a good starting place considering the bed probably takes up most of the room. 

Plants are a great way to update your space and also an excellent source of fresh air and, depending on what type you choose, pleasing aroma as well. Art and lamps don’t have to be grand but can significantly impact the appearance of your setting dictating the tone in both style and coloring. Keep in mind the sizes and shapes that enhance the furniture, arrangement, and room where you will be putting each of these. 

Enjoy!

Once you have determined all of these variable factors and decided where you want to take your décor, the only thing left to do is to shop for the new elements that you have chosen and put them in place. Online, resale shops and your local antique, department or outlet and clearance stores are great places to find the treasure that re-imagines a plain, old space into your own again. Have fun with the process and enjoy your home once more!

Another Property Sold – 46 Grant Ave Unit 46 Watertown, MA

This Condo in Watertown, MA recently sold for $325,000. This Townhouse,Rowhouse style home was sold by – Coleman & Sons Real Estate.








46 Grant Ave,



Watertown, MA 02472

Condo

$349,900
Price

$325,000
Sale Price

5
Rooms

2
Beds

1
Baths

Diamond in the rough, Sweat equity opportunity, Loacated in the much sought after "The Village Condominiums" priced to sell. Professionally managed association, property taxes do not reflect owner occupied exemption which would be available to owner occupant after 1st year of residency and ownership. Assigned parking space #345

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