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WHAT DOES IT MEAN WHEN A HOME’S PRICE DECREASES?

WHAT DOES IT MEAN WHEN A HOME’S PRICE DECREASES?

Homes can be on the market for a few days, and the next day, you might see a price reduction. Many buyers assume there might be something wrong with the house, but that’s not necessarily the case. When a house on the market drops in price, the industry term “priced reduced” is used on the listing. Here’s what it really means when a home’s price is reduced.