So when does it make sense to lower the price? Trulia’s Tara Nelson offers the following five tips:

• Multiple listing agents have recommended listing the home at a lower price.
• Feedback from the buyers’ agents suggests the home is overpriced.
• The home isn’t getting any showings, even though it’s marketed well.
• The home has sat on the market far longer than other homes in the area.
• There’s been multiple offers, but they’ve all been significantly under the list price.

My past few years of experience have only reinforced the fact that when properly marketed every house sells at the right price.