"We need to lower the price...": Verbiage for Price Reductions.
(Verbiage for this scenario is at the end of this post in bold if you want to start with that…feel free : ) Ideally, this is why we as real estate agents should stick to our guns about never listing a home above what we are comfortable with...but it happens. I get it. You agreed to list a clients home because they agreed they would lower the price if offers were coming in to low. The offers are coming in. They are well under the asking price. And traffic has slowed down significantly. It is time to have the conversation that none of us look forward to with out homeowner. " We need to lower the asking price " As real estate agents we know that if a home isn't bringing in any ballpark offers and we are not getting many inquiries… It is the asking price. It is one of those "matter of fact" situations that we are able to see very objectively because we know how the market moves. But a "matter of fact" for u...