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Know When It’s Time for a Price Reduction

Image of a hand-drawn dollar signMany sellers have the topic of price reduction on their mind. In fact, one of the most common questions home sellers ask is, “When should I lower the price of my home?” Of course, no one wants to lower their asking price. We all want top dollar for our home. But the fact is that in some cases, lowering the price is necessary.

Following are key signs that it may be time for sellers to consider a price reduction.

1. You have very few showings – If your home is new to the market, you should get a flurry of activity the first few weeks of your listing. That’s because people always want to see the newest homes that hit the market. But if you never experienced that initial viewing frenzy, or if you did and now it’s suddenly crickets, it may be an indication that your price is too high.

2. You have many showings, but no offers – Similarly, you may be getting ample showings, but no offers. This could indicate that your photos and description are compelling, but the home and its asking price are not living up to expectations. If you can’t enhance the home with updates or repairs, you may need to re-examine the asking price.

3. You need to move soon – Sometimes you can’t postpone life changes. For example, if you need to move very soon for a job transfer, and can’t afford to carry two mortgages while you wait for an offer, lowering your price may be your best strategy to get out of the home quickly.

Image of a checkbook and money next to a figurine of a house4. The market is changing – Market changes can come at any time. Some changes may be unexpected while others can be seasonal. If you and your real estate agent notice a market change that could prolong the home sale process, doing a price reduction may be your best option.

Be Smart with Your Price Reduction

Before you lower your price, always consult with your real estate agent. Work together to determine the best new asking price for your home—one that meets your needs as a seller and that attracts qualified buyers. Remember, you can find many great tips for home sellers on our Facebook page. If you’re thinking about selling your home, we can help! Contact us today!

 

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Welcome! We are glad you’re here. We developed this website to give you the most up-to-date Napa Valley real estate listings and the most reliable information for home buyers and sellers.

Not sure where to start? Check out our blog, vlog, and articles for information on buying and selling a home, design and staging tips, and real estate investor information.

Ready to buy? Be sure to browse our current listings.We are eager to show you your next Napa Valley home.

Relocating to the area? Read up on all the great communities that make up Napa Valley.

Welcome! We are glad you’re here. We developed this website to give you the most up-to-date Napa Valley real estate listings and the most reliable information for home buyers and sellers.

Not sure where to start? Check out our blog, vlog, and articles for information on buying and selling a home, design and staging tips, and real estate investor information.

Ready to buy? Be sure to browse our current listings.We are eager to show you your next Napa Valley home.

Relocating to the area? Read up on all the great communities that make up Napa Valley.

Is it time to sell your home? Why not have the #1 real estate team represent you?

We’re sure you have questions. And we are here to help. Contact us for information on anything real estate related.

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About Us

Leading the Pujals team are Jerry and Susan Pujals, who is ranked as the #1 Sales Team for California, Coldwell Banker Brokers of the Valley. Jerry, a Senior Broker, and Real Estate Advisor began his career in real estate with Coldwell Banker Brokers of the Valley in 1997. Susan, a seasoned Real Estate Sales Consultant joined the organization in 2008, which established the formation of The Pujals Team.

Having received national recognition for their performance and many local awards, Jerry and Susan are proud to be affiliated with Coldwell Banker Brokers of the Valley, Napa County’s real estate market leader for more than 20 years.[Read more]

Reviews
“Jerry and his associates are the best! Jerry cares for the individual taking in consideration what the person wants and cares for, making the best choices for you. I truly recommend them because they treat you as family and they make the process so easy for you. They are one of a kind!! We decided...” - Lucy Arreola Read More
“Jerry and Susan Pujals are adept at representing both sellers and buyers in this fast-paced Napa market. We’ve seen their work, both as sellers and buyers, and can affirm they shine in both arenas. The Pujals team just finished helping us through multiple real estate transactions: two homes prepared, listed and sold, and one home...” - Jane Callier Read More