{"id":826,"date":"2018-10-04T13:05:26","date_gmt":"2018-10-04T13:05:26","guid":{"rendered":"https:\/\/coppenwall.com\/estate-agents-blog\/?p=826"},"modified":"2020-01-07T21:07:15","modified_gmt":"2020-01-07T21:07:15","slug":"should-i-drop-the-price-of-my-house","status":"publish","type":"post","link":"https:\/\/coppenwall.com\/hub\/2018\/10\/04\/should-i-drop-the-price-of-my-house\/","title":{"rendered":"Should I reduce the price of my property?"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 20px;\" class=\"sharethis-inline-share-buttons\" ><\/div><p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-862 size-full\" src=\"https:\/\/coppenwall.com\/hub\/wp-content\/uploads\/2018\/10\/2-compressed.jpg\" alt=\"reduce the price of my house\" width=\"1280\" height=\"836\" srcset=\"https:\/\/coppenwall.com\/hub\/wp-content\/uploads\/2018\/10\/2-compressed.jpg 1280w, https:\/\/coppenwall.com\/hub\/wp-content\/uploads\/2018\/10\/2-compressed-300x196.jpg 300w, https:\/\/coppenwall.com\/hub\/wp-content\/uploads\/2018\/10\/2-compressed-768x502.jpg 768w, https:\/\/coppenwall.com\/hub\/wp-content\/uploads\/2018\/10\/2-compressed-1024x669.jpg 1024w\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\" \/><\/p>\n<p>Is your house sitting unloved on the property market? Are you getting low numbers of viewings? Have you been asked to reduce your selling price by your agent?<\/p>\n\n\n<!--more-->\n\n\n\n<p>A high selling price can put potential buyers off, and delay the sale of your property.We have listed some common situations where you should consider reducing your asking price to generate a sale.<\/p>\n\n\n\n<p><strong>When should I look at reducing?<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Your house has been on the property market for a while, but has not achieved a sale. You&#8217;ve increased your property&#8217;s appeal, carried out essential repairs, and still no buyers.<\/li><li>You&#8217;ve had lots of viewings, with lots of complements, but no offers. This usually means the property price is affecting the viewer&#8217;s decision to offer.<\/li><li>You&#8217;ve had very few viewings &#8211; this usually means the asking price is too steep to get many people across the threshold.<\/li><li>There are similar properties available on the market, with lower asking prices, and they are selling. Is your property sticking out for the wrong reasons?<\/li><\/ul>\n\n\n\n<p><strong>Is the asking price right?<\/strong><\/p>\n\n\n\n<p>When your home is being valued, you are looking for a realistic selling price, that draws attention and attracts buyers. If you have an overinflated asking price, you can have further difficulties with selling down the line.<\/p>\n\n\n\n<p>If your property is stagnant after a few weeks\/months, you should definitely reduce the price to open up to a wave of new buyers.<\/p>\n\n\n\n<p><strong>What next?<\/strong><\/p>\n\n\n\n<p>A price reduction is usually a disappointing prospect, but it doesn&#8217;t have to be. If you want to get moving quickly, it&#8217;s a brilliant way of getting people through the door. <\/p>\n\n\n\n<p>With renewed interest, you can engage a whole new group of people who would not have considered your property earlier, and may even start a new bidding competition.<\/p>\n\n\n\n<p>If you liked this blog, check out&nbsp;<a href=\"https:\/\/coppenwall.com\/estate-agents-blog\/\" target=\"_blank\" rel=\"noreferrer noopener\">more of our blogs<\/a> here. Or alternatively, with autumn having arrived, we have gathered a few tips to help you <a href=\"https:\/\/coppenwall.com\/estate-agents-blog\/2018\/10\/04\/how-to-sell-your-home-in-autumn\/\" target=\"_blank\" rel=\"noreferrer noopener\">sell your home through the darker months.<\/a><\/p>\n\n\n\n<p>If you do have any questions in relation to a property price drop, please contact us at <a href=\"https:\/\/coppenwall.com\/contact\" target=\"_blank\" rel=\"noreferrer noopener\">Coppenwall Estate Agents<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Is your house sitting unloved on the property market? Are you getting low numbers of viewings? Have you been asked to reduce your selling price by your agent?<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[71,75,113,79],"tags":[],"class_list":["post-826","post","type-post","status-publish","format-standard","hentry","category-estate-agent","category-property-sales","category-questions","category-rossendale"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Should I reduce the price of my property? - Coppenwall Estate Agents<\/title>\n<meta name=\"description\" content=\"A price reduction is usually a disappointing prospect, but if you want to move quickly, it&#039;s a brilliant way of getting people through the door.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coppenwall.com\/hub\/2018\/10\/04\/should-i-drop-the-price-of-my-house\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Should I reduce the price of my property? 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