The idea is pretty simple - significantly lower the price of the house I'm selling on a weekly basis until a potential buyer thinks the current price is a fair. Once we find that price point, everything else is the same as a traditional real estate transaction.
The first price drop is scheduled for June 13th although nothing is set in stone. Be sure to sign-up for the email list (above) so you'll know as soon as the new price is announced. Btw, I hate spam too so rest assured, I won't be giving our email away to anyone else.
Agents are more than welcome to participate! This initiative is in no way, "anti-agent." In fact, I'm offering the full 3% commission to the buyer's agent.
I do have a limit for how low I'll drop the price of the house, but we've got a ways to go before we get there. I have a lot of faith that the free market will help us find the right price.
In the event an offer is made but falls through, we'll pick up where we left-off in the countdown.