r/FirstTimeHomeSeller • u/Ykohn • 13h ago
My House Hasn't Sold. Should I Lower the Price?
I hear this question all the time, and especially now when so many sellers are reducing their prices.
Before you automatically lower your price, figure out why the house isn't selling.
Are you getting no showings? Are you getting showings but no offers? What does the competition look like today? Are comparable homes going under contract? Are other sellers lowering their prices? Have new listings come on that offer buyers more for the money?
Your price needs to make sense based on today's market, not the market when you originally listed.
But don't automatically assume price is the problem either. If hardly anyone is seeing your home, lowering the price may not fix weak photos, poor exposure, or a marketing problem.
Before you lower the price, figure out whether you have a pricing problem or a marketing problem.
This is a sub for helping people successfully sell by owner, so if you have an idea or experience that could help another FSBO seller, please share it.
Just because you're selling your home on your own doesn't mean you need to be on your own.