What Does a Motivated Seller Look Like?

Weekly Price Reductions . . Till it Sells

What does a motivated seller look like?

This pattern of price reductions comes about as close as anything you’re likely to see:

7/17/09: old price – $595k; new price – $585k
8/7/09: old price – $585k; new price – $575k
8/19/09: old price- $575k; new price – $565k
8/26/09: old price – $565k; new price – $555k
9/3/09: old price – $555k; new price – $545k

You could practically set a metronome looking at this Minnetonka home’s pricing history.

Want to guess when — and how much — the next price cut will be, if it still hasn’t sold?

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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