When do home sellers typically slash their asking price and how deep do the discounts get?
Always on the prowl for a good deal, are you? Well, look no further than the house market. Since the bubble burst and bit the dust, buying a home just keeps getting cheaper. As a matter of fact, Trulia tallied that a whopping $24 billion was slashed from the homes for sale on our site.
Good Savings Come to Buyers Who Wait
Most home sellers on average will cut their price after 79 days on the market, give or take. If they still can’t sell their homes, 35% of these sellers will make a second cut. So if I were a buyer, let’s just say patience is a major money saver as it definitely worth the wait when you’re negotiating a good price.