Should I lowball my price when selling my home in a slow market?

Should I lowball my price when selling my home in a slow market?

Chad Lund (Real Estate Agent) gives expert video advice on: What's biggest mistake I can make when selling my home in a sluggish market?; Can I make a profit on my home in a slow market?; What is a 'slow housing market'? and more...

Low-balling your house in a slow market is not the best situation. Lets say you do lowball it and you don't get any offers, you're stuck at that price. What I mentioned before is really price it within the market. If you're not getting activity, if you're not getting offers at that point, then reduce it. You can then find fair market value, but by really low-balling it you might get yourself in a bind if people aren't offering that lower price.