6 Reasons to Reduce Your Home Price

While you'd like to get the best price for your home, consider our six reasons to reduce your home price. These six signs may be telling you it’s time to lower your price.

1. You’re drawing few lookers

You get the most interest in your home right after you put it on the market because buyers want to catch a great new home before anybody else takes it. If your real estate agent reports there have been fewer buyers calling about and asking to tour your home than there have been for other homes in your area, that may be a sign buyers think it’s overpriced and are waiting for the price to fall before viewing it.

2. You’re drawing lots of lookers but have no offers

If you’ve had 30 sets of potential buyers come through your home and not a single one has made an offer, something is off. What are other agents telling your agent about your home? An overly high price may be discouraging buyers from making an offer.

3. Your home’s been on the market longer than similar homes

Ask your real estate agent about the average number of days it takes to sell a home in your market. If the answer is 30 and you’re pushing 45, your price may be affecting buyer interest. When a home sits on the market, buyers can begin to wonder if there’s something wrong with it, which can delay a sale even further. At least consider lowering your asking price.

4. You have a deadline

If you’ve got to sell soon because of a job transfer or you’ve already purchased another home, it may be necessary to generate buyer interest by dropping your price so your home is a little lower priced than comparable homes in your area. Remember: It’s not how much money you need that determines the sale price of your home, it’s how much money a buyer is willing to spend.

5. You can’t make upgrades

Maybe you’re plum out of cash and don’t have the funds to put fresh paint on the walls, clean the carpets, and add curb appeal. But the feedback your agent is reporting from buyers is that your home isn’t as well-appointed as similarly priced homes. When your home has been on the market longer than comparable homes in better condition, it’s time to accept that buyers expect to pay less for a home that doesn’t show as well as others.

6. The competition has changed

If weeks go by with no offers, continue to check out the competition. What have comparable homes sold for and what's still on the market? What new listings have been added since you listed your home for sale? If comparable home sales or new listings show your price is too steep, consider a price reduction.

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Christmas Creek Entrance

UPDATE: 10-25-13 The Christmas Creek entrance this year is to the North of the creek mouth. As you go South along Cumberland Beach you'll see the shoaling a few hundred yards East of the mouth of the creek. Enter Christmas Creek between the shoaling and the beach as you go South. As you enter the entrance between the shoals and the beach, look for your hard right turn to go directly into the creek mouth. Best to try at least an hour after low tide for that area. If you plan on coming out after high tide, best to be at the mouth no later than 4 1/2 hours after high tide unless your boat draws less than a foot like flats boats and Carolina Skifs. I like to go in about an hour after low tide and fish through the rising tide and then make my way out. I made this update because this Blog post is one of my top posts which I wouldn't have know when I originally wrote it. Christmas Creek has some of the best fishing around and if you are new to it or would like to try

How to catch Blue Crabs on St. Simons Island

I know I love to eat our local blue crabs and if you do too, then here is an excellent video from Capt. Mark Noble. Mark has been a long time friend of mine and he grew up on St. Simons Island. There are many ways to catch blue crabs and in this video Mark can show you how he does it. You don't need a boat either - I've caught some beautiful stone crabs with a crab net right off one of the many docks that surround the area. Many times, I'll hang a crab net off the back of my boat while I'm fishing and catch plenty. So a crab net off the St. Simons Pier or one or two of the crab baskets in this video and you can have yourself a big time. Here's Mark's website - he is one of the top charter captains around so check him out if you'd like to take a Golden Isles fishing charter. http://www.georgiafishing.net I shot the video and edited this for Mark and as my reward, he let me take the crabs home for a terrific family crab boil!

Jekyll Island Horseback Riding

The girls and I had the boat out on Saturday. We anchored just off of Jekyll Island on the St. Simons Sound side. The girls went swimming and walking along the beach. Before too long, a group riding horses on the beach came strolling by. I really love horses and have been riding them myself for many years - whenever possible. I do a lot of fishing down around Cumberland Island which is well known as a Georgia island that still has a population of wild horses. There are positive and negatives to this population of horses. While they are protected from people, they are not allowed to be cared for at all whether it is food or vet needs. I see lots of horses and new foals in the marshes munching on seagrass and walking along the beach. It is always a real treat to see one of Cumberland Island's wild horses! Just another great part about living along Georgia's Coast. The next time you are visiting Jekyll Island, a great idea would be to do a trail ride along the beach.

Coastal Living Chronicles: Insights from a Saint Simons Island Realtor

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