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To set a price change notification you must visit the listing page for the property you wish to receive a notification for should its price drop.
Once you've selected a listing to receive notifications from scroll down the page. On the right hand menu, about halfway down the page, is a bright orange box titled Price Change Notification. Use the slider to select a price threshold and then click 'Save'.
You will receive a notification if the price of the property featured in the listing falls to a price equal or less than the threshold you selected.
You may add notifications for as many properties as you wish.