Source: Life Hacker —
Though some are quick to assume that if a home has been on the market for more than a week or two, something has to be wrong with it—especially if its listing price drops—that’s not necessarily the case.
Sellers may opt to reduce the cost of their property for a variety of reasons, including situations where they listed it at a price it may have commanded in 2020 or 2021, but doesn’t hold in today’s market.
But regardless of why a property is being offered at a discount, these drops in price happen on some days of the week more frequently than others. Here’s what potential homebuyers should know.
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