agent keep telling me to drop price

This is situation dependent and we need more information to accurately answer the question. What are the comps selling for in your neighborhood and on your neighboring streets? What is the condition of your house in relation to the recent comps? Your agent might be calling because you started out overpriced or your agent might just be a high pressure salesperson; too much missing information to tell at this point. Best of luck with your home sale. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

It can depend on your price point. At $300K, a $20K drop is aggressive. At $600K+, that same adjustment can be a smart positioning move. What matters most is this, is it backed by data or just pressure? Your agent should be walking you through: What similar homes are actually selling for right now New listings that came on and are priced to beat you Days on market compared to your competition Real showing feedback, not guesses If that conversation isn’t happening, and it’s just “we should drop the price,” that’s not strategy. That’s a problem.

If you haven’t had any showings in the first three weeks on the market, buyers are not recognizing value. But there are several reasons this can happen. If the photographs are high quality and the home is well (and accurately) described, the home is probably overpriced. But check for any other reason buyers might be holding off. Look for inaccurate or missing info in the listing (wrong taxes, wrong square footage or lot size) or incorrect address. If you and your agent feel the house is priced well for the current market, whether you wait or reduce the price is really about whether you need the sale to happen quickly. If you’ve had showings but no offers yet, lowering the price can prompt interested buyers to step up. Good luck!

Ask about the average days on market for your area and type of home. If the average DOM is like 90 days then probably too early to reduce. Usually if the activity(showings) is low and you have no offers then a price reduction can be one of a few strategies. Ask about offering a rate buy down or other strategies that may be good for buyers but still net you more then a price reduction. Ask what marketing is happening to see if they just put it in the mls and a sign in the yard or actually marketing your home. Good luck!

3 weeks isn’t long… but it’s long enough to tell you something. If you had a lot of showings but no offers, that usually means buyers like the house but not the price. If you had very few showings, that’s also price. It means buyers aren’t even coming through the door. This part matters. It’s not about your agent “working harder.” Buyers find homes online. If the price is off, no amount of marketing fixes that. Before dropping 20K, ask your agent for real data. How many showings What feedback you’re getting What similar homes are selling for right now If the numbers show you’re above the market, a price adjustment helps. If not, you can push back. Just don’t do multiple small drops. One clean adjustment works better than chasing the market down.

Hello Ar Real Estate is local so your agent may be able to show you the current market data and trends in your neighborhood to find out when the best time would be to drop your price. If you aren't getting showings or offers then you may be priced too high for the current buyers.

Three weeks is not too long, but it is enough time to read the market clearly. Here’s the truth: Week 1–2: You should get strong activity (showings, calls, interest) By Week 3: If you have low showings or no offers, the market is telling you something And that “something” is usually price, not effort. Now your instinct might be: “my agent isn’t working hard enough.” But buyers today see every listing instantly online. If it’s priced right, they come. If they’re not coming, it’s not exposure - it’s positioning. What you should look at before dropping price: How many showings have you had? Any offers at all? What’s the feedback from buyers/agents? My advice: Don’t blindly drop $20K. That’s lazy strategy. Instead: Adjust strategically (sometimes smaller, targeted adjustments work better) Or reposition the home (photos, staging, marketing angle) Bottom line: - If activity is low after 3 weeks, a price adjustment is usually needed - But it should be smart and intentional, not reactive