15% and the price of your replacement house has dropped equally, the market is in your favor if you are selling the property in order to trade up. You might even consider lowering the price if your mortgage payments are actually bleeding and you are seeing considerable losses month after month while the sale is delayed. Be cautious and skeptical with the advice of unethical real estate agents who offer to buy your listing on the claim that you have quoted lower than what you could have. It is not uncommon for less scrupulous agents to claim you’ve set your price too low, then later ask you to lower the price once you have paid them for the listing. Also, do not be deluded if the neighbor selling his property is quoting an escalated price. Your neighbor unrealistically quoting the price of his identical property at $300,000 does not mean your house is also worth that much. You need to exercise your discretion to know when you should increase or lower the prices you have quoted; at the end of the day, it comes down to your own personal judgment. UPGRADES TO CONSIDER Remodeling and home improvements can often
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