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Buying & Selling Real Estate

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Christopher Davis
  • Real Estate Investor
  • St. Louis, MO
104
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153
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Price Reduction... How soon?

Christopher Davis
  • Real Estate Investor
  • St. Louis, MO
Posted Apr 5 2010, 00:27

How long will you guys let a house marinate in this market before you'll do a reduction? Do you have a plan or system that has shown any sort of results?
I have a really nice rehab - best for sale in the neighborhood, it is priced right in line for the neighborhood but getting no action
comps run 109k to 131k in last 4 mos. I am at 123900. I think if I can just get some traffic I'll get an offer, is a price reduction the way to go or do any of you hav any other suggestions?

Many Thanks

Chris

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