We sent out a one question survey a few weeks back to our 8,000+ members:
Q: What's the better seller strategy for properties that are having a tough time selling?
1) Price reductions.
2) Financial incentives to the buyer (seller pays closing costs, throws in sweet flatscreen).
We had more than 240 respondents, which is pretty phenomenal for this sort of thing. Thank you for that. Respondents were asked to choose between "Price reductions" and "Financial incentives to buyer," and an "Other" category was given. Judging from all the write-ins for "Price it right from the start," we should have added that category as well.
Some of you answered "Both," which was against the spirit of the survey, but we'll give you credit for playing. Home staging rated along with some true "others," like "Original list price 5+% < recent activity & active."
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