Homeseller advice: Someone’s going to drop their price. ‘It might as well be you’

Title: Pivot to Success: Selling Your Home Amidst Changing Market Conditions

In the competitive world of real estate, it's crucial for homeowners to be aware of market trends in their specific neighbourhood. As the Globe and Mail reports, a four-bedroom house in Toronto experienced two unsuccessful offers before the agents decided to pivot their strategy. By reducing the asking price by $97,000 and targeting downtown buyers, they attracted a buyer who settled on a deal for $2,825,000.

This story serves as an important reminder that being flexible and adaptive in your approach can lead to success, even when the market seems challenging. If your competitor is struggling with a similar price point and not selling, it might be time to consider dropping your own price to attract buyers and get off the market. Remember, it's all about learning to pivot and capitalize on what's working in the market.