HomePath listing ( Back on Market vs Price Reduced )

[Michael Dunn]

Afternoon BP , I was just looking at some new listing updates on the HomePath website, and I was wondering if someone could tell me please, what the main difference is on a house that is listed as " Back on the Market " vs " Price Reduced " . I'm guessing the Back on the market listings, are properties that fell out of Escrow and the Price reduced properties, are due to the house not getting any offers in at the price it was listed for, before the price reduction ( or is it due to the house being listed for X number of days and no offers were submitted on it )? As a potentional buyer, does the listing status ( Back on the Market vs Price Reduced ), benefit us as a buyer, more so than the other ? Meaning, can you get a better deal on the property, based on it's listing status. Thanks everyone - Michael