Hello everyone! I am Lao Hong.
Just saw a trending topic
A house owner in Beijing was asked by the intermediary to reduce the price by 2 million
Quite touched, let me say a few words.
It is a very troublesome thing to sell a house and be asked to reduce the price by 2 million.
Because for most people, 2 million is a huge amount, enough to buy a house in a new city out of pocket.
In this example, the owner felt helpless and frustrated because they were trying to sell their property and the agent asked them to drop the price by $2 million, so much so that the house hadn't sold, it almost made them feel helpless.
The owner felt so helpless, probably because he was not mentally prepared to deal with this situation.
You know, the real estate market is a dynamic market, and price fluctuations are normal.
In a saturated market, house prices may fall.
Wanting to sell their home as quickly as possible, this homeowner may have to consider reassessing their asking price.
While a price cut of $2 million could be a huge blow, owners who look rationally at market prices may find that their asking price is still above market value.
In this case, the owner may want to consider reducing the price appropriately in order to sell the property more quickly.
Of course, owners can also choose to stick to their asking price, but must be prepared to wait longer until the market picks up or a more suitable buyer is found.
However, owners can also consider other strategies to sell their property.
For example, they can advertise properties through a variety of channels, including online platforms, social media, real estate websites, and more.
They may also consider working with multiple agents to increase the exposure of the property.
Or consider lowering the down payment to attract more potential buyers.
Or wait until the market picks up before selling.
It goes without saying that a home is an asset, and owners need to be clear about their rights and interests and take these into consideration when deciding to drop the price or wait.
If they feel that cutting prices too much may harm their interests, then they can seek legal advice or professional advice to ensure their decision is made in their own best interests.
Being asked to drop a price by an agent is a difficult situation, but homeowners need not feel helpless and frustrated.
By understanding market dynamics, re-evaluating asking prices, adopting other strategies to sell their property, and clarifying their rights and interests, property owners can make informed decisions and ultimately sell their property successfully.