I am getting a lot of notices that say “Price Reduced”
It is a sales tactic. My wife and I are hoping to move to a different state. Florida is one of the states that we have been looking at. The houses that we have been most interested in there keep selling... especially in the last month or two.
There are actually a couple of reasons why you are getting "price reduced" notices. People do not know what to ask these days and in general if you ask too little it is pretty hard to get away with raising the price. So people are asking more than they actually think they will be able to get as a negotiating strategy. Your “Price Reduced” notices are mostly the same as when you walk on to a used car lot and see the “specials”, or the “sales” at department stores.
People love to think that they are getting a bargain. The prices are set high and then reduced to get people's attention. I remember looking at 4K televisions that had just arrived at the store for a “Black Friday” special. The tag said that it was originally $750 and had been reduced to $350 which seemed very cheap. My wife was very excited. When I looked the TV up on my phone... other retailers had been selling that same model for around $350 for months. All the reviews said it was a cheaply made piece of crap that everyone with sense should avoid.
So do not be fooled by “Price Reduced” notices. They typically don't mean much.
I never saw this many BEFORE last year