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Wednesday, October 28, 2009

Price Cuts on Thanksgiving

Trees, Forests, & Price Reductions

If a tree falls in a forest and no one is around to hear it, does it make a sound?

--ancient riddle

I don't know the answer to the tree-forest question, but I do know the answer to this one: "if you drop your price when no one's paying attention, does it do any good?"

That's why I'm recommending to my listing clients that, if their home is overdue to take a price reduction, better to do it now, when the market is active, than nearer (or after) Thanksgiving, when things predictably slow down.

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