Carry Cost vs. Price Reduction article

Both cost money, so make it math, not ego. Compare the carrying cost of waiting against the reduction you're resisting; often the reduction is the cheaper decision and it stops the carry clock.

Mortgage, taxes, insurance, utilities, and upkeep for each additional month unsold. Multiply that monthly figure by the extra months you'd likely wait to get the true cost of holding out.

Put the cost of waiting (monthly carry × extra months) next to the price reduction. If waiting costs about as much as the cut you're resisting, the reduction wins — you pay it either way, just faster with the cut.

Occasionally — if the market is turning up or the home was mispriced by presentation, not price. But "holding out" that's really ego costs real money every month, so diagnose why it's sitting before you decide to wait.

Usually price, presentation, or timing — not the market alone. A reduction fixes price; it won't fix bad photos or a condition scare. Diagnose the real cause before cutting, or you may cut and still sit.

Diagnose price, presentation, and timing together before reflexively cutting. That diagnosis is what a Real Estate Review provides before you reduce.