Price Reductions, Ugh!
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“The most expensive way to practice is on an appointment.” On day three of Setting Expectations Week, James Shaw tackles price reductions. He starts with how to tell a home is overpriced: showings, online views, feedback, and offers are the market’s answer. Then he walks through the graph on Shift page 147, which shows the cost of overpricing. Buyer interest peaks in the first couple of weeks, then fades, and buyers start to believe the market is falling even when it’s stable. Each small reduction still lands above the market, so you end up chasing it. He adds Shift page 138 (buyers want value in any market) and Shift page 149: when a seller rejects an offer, they’re buying their home back at that price.
Aired on November 11, 2026
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