Should I wait to take action?

Q: The price is too high. Why don’t I just wait until they lower it and then take action?

I get this question a lot. My observations: the best opportunity often seems to come when the property has been on a while at the current price. When the Seller drops the price, they are likely to dig in at the new number, and less likely to take a lower offer before giving it some time. If they manage price drops correctly, they can always keep the pressure up.  

Posted on October 30, 2013 at 9:22 pm
Michael Doyle | Category: Uncategorized | Tagged , , , , , , ,

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