Knowing the right time to slash your home's price

You’ve enlisted the aid of a skilled real estate agent who’s performed a thorough comparative market analysis to determine the value of your home. You’ve listed your home at what you both believe is an accurate price, and you’ve hosted many showings, but so far, no one has made an offer. So why hasn’t your home sold?

When you list your home for sale, setting the right asking price from the start is important. But sometimes, even if you think the list price is appropriate, your home still might linger on the market. That’s when it’s time to consider a price reduction to attract a buyer. Learn more by reading my newest story for Bankrate, available here.