In today’s real estate market, the words “price reduction” often make sellers anxious and buyers curious. But as Nolan Formalarie, Broker and Owner of Discover NC Homes, explains in his latest video, a price reduction is not a negative sign—it’s a sign of progress.
👉 Watch Nolan’s full explanation below to learn why price reductions are actually a healthy and expected part of the real estate process, benefiting both sellers and buyers.
Before the pandemic, it was common for homes, land, and condos in Brunswick County to go through one to four price reductions before reaching their true market value. Sellers sometimes start high, and even experienced agents can occasionally miss the mark on where a property should be listed. Adjusting the price simply brings the home closer to what the market is currently willing to bear.
From the buyer’s side, price reductions can also open doors. Many buyers hesitate to make an offer that’s significantly below the listing price, fearing they’ll offend the seller. But when a property adjusts closer to their range, it often sparks real interest—and real offers.
As Nolan puts it, “Price reductions aren’t a sign of desperation. They’re a sign that the market and the seller are finding common ground.”
In other words, price adjustments move the process forward, helping homes reach that magic point where buyer and seller finally meet.
If you’re thinking about selling or buying in Southport, Leland, St. James Plantation, or anywhere in Brunswick County, talk to the experts at Discover NC Homes to understand your market position and strategy.
📞 Contact Discover NC Homes
Phone: (910) 363-4387
Email: Info@DiscoverNCHomes.com
Website: www.DiscoverNCHomes.com
About Nolan Formalarie
Nolan Formalarie has been in the North Carolina Real Estate Industry for over 8 years and enjoys every minute of it. He is involved in every aspect of the industry including selling and purchasing residential property, home watch services, property management, association management and construction.
