Hang in there...Buyers are generally not in a big hurry in this market. The other agent was right when she said there is no norm. I have had people come to listings 4 times with no offer produced. Don't give up hope, but don't hold your breath either.
I'd suggest you become very familiar with your competition. In this market, you need to be aggressive. If youâ€™re getting showings, positive feedback, and no offers, itâ€™s probably time to review your price and make a necessary adjustment. Also, what is your time frame for moving? If you want to move soon, then you might want to have your price adjusted. There is no magic number for the â€˜rightâ€™ time to reduce your price. Every situation is different. Based on the information youâ€™ve provided, a price reduction might be your best solution.... more
Good Heavens---I hope you're not paying this agent anything! If you have this many questions and really need to sell your condo, please, please hire a full time professional who can guide you from start to finish. With the number of units Drees sold of your floor plan there has to be plenty of comparable sales to choose from--recent sales that show what your property should sell for. Incentives DO NOT sell homes. You're trying to save money on a full time agent yet you're talking about giving it away in a sales concession/incentive.
My clients receive the best sale to list price ratios--better than their competition because we study the market and work the market we're in. If you want the help, I'm an email away.