Another Reader
Thinks s/he gets paid by the post
- Joined
- Jan 6, 2013
- Messages
- 3,413
The rule of thumb in real estate is no showings means you are 10 percent or more above market value. Showings but no offers means you are at least 5 percent over market value. My guess is you have not adequately accounted for the busy street or something about your property that does not appeal to buyers. If you lowered the price to $670k, you might generate an acceptable offer. You might not want to do that yet, but keeping a stale listing active may hurt your ultimate selling price, because buyers will expect a discount.
I don't understand why you are selling now if your new property won't be finished for almost a year and it is not the selling season in Florida. If prices are really increasing, why not wait a few months and try again?
I don't understand why you are selling now if your new property won't be finished for almost a year and it is not the selling season in Florida. If prices are really increasing, why not wait a few months and try again?