A Word to the Wise

WOW... what a difference a price reduction makes! One of my Clemmons listings that has, quite frankly, been sitting pretty stale for a while has recently gotten a ton of activity. It is a 3rd party relocation listing, and I have been preaching for a while that it needed a significant reduction. The seller, an out of state relocation company, was understandably hesitant, but after looking at carrying costs and unsold competition, they decided to reduce last Friday. Well, I have already had one offer come in, and there are TWO MORE on the way today! So, a listing that had been sitting, with little to no activity, now has 3 potential offers on it and may very well sell for higher than the current list price! I think there is a lesson here...