Answers by Mark Dietel

Absolutely. Historically, anywhere between 5%-15% of transactions fail to get to closing. Getting your offer in now would put you in a good position in case that happens.

It's not necessarily bad to drop the price. It would have been better to be priced right from the start, but dropping the price now will get it closer to market value. And it's important to analyze all the other factors that may be keeping your home from selling. Price, Promotion, and Product are all important when selling a home. If one of those is out of line, the home is less likely to sell.

Hi Paul, The average appraisal costs about $400-$600. When scheduling the appraisal, be sure to verify their fee, their experience/knowledge of your property type, the scope of the appraisal, and which parts of the property they will need access to.