Your home hasn’t sold yet at the price you originally set it at? A surefire way to get more bang for your buck is to take the amount you are considering reducing the selling price of your home by, and instead offer that to potential buyers to buy down the rate. This lowers the income needed to qualify for a loan on your home and gives you a bigger pool of potential buyers who can now afford your home! See below for an illustration of this:
If you go the route of reducing the price on your home you risk joining the price reduction battle going on with all the properties competing with yours. Why not try something that is not being taken advantage of by the majority of home sellers? This is something you should discuss with your Real Estate Agent and see if it is the right strategy for you. As always I am available if you would like to discuss further!