Reducing your asking price isn’t about surrendering value—it’s about responding to market reality with strategy. Michael Tomadakis recommends a proactive, staged review process: He sets up an initial review point 10–14 days after launch. Together with the vendor, he reviews inspection numbers, buyer feedback, and interest level—not just online views, but critical buyer behaviors like repeat inspections and detailed questions. If the market is quiet and genuine buyers hesitate at the asking price, Michael never recommends broad, panicked cuts. Instead, he suggests targeted, data-driven reductions—enough to put the property safely within the active buyer pool, but never to undersell. He’s seen sellers attempt half-hearted reductions that fail to trigger renewed interest, essentially wasting the move. Michael creates urgency for price action by presenting side-by-side evidence: recent sold prices, buyer offer history, and competing stock. He encourages vendors to judge results by offers and genuine competition, not just time on market. In his experience, a clean, well-timed price adjustment often results in a livelier open home and new segment of buyers entering the frame. However, if conditions suggest your property could command a premium with more time or a spring relaunch, Michael will advise holding. His entire focus is maximizing your net result through evidence, not pressure. For detailed campaign review and data-driven price strategy, connect with Michael’s team at Collings via the portal.

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