BTW - I was the one who told him the market is what sets the price range and the buyer sets the final price. I think he didn't know the market - his agency is on the other side of the town. At this time of the year, I doubt it will get a lot more showings. If I could get out of the contract, I would.
Also, for some reason, my listing is no longer on your site.
It sounds like you bought this home to fix and flip. Did you buy the home from this agent, too? If you're buying to flip, you need to be extremely careful in this market, no matter where you are in the USA. If you're getting the showings, but not the offers, it means that the home is overpriced, plain and simple. That's why it's so hard now to fix/flip. You need to BUY a home 'very right' to be able to profit from it. Always remember, you make your money when you BUY your house, not when you sell it. As long as you're buying a place 'right', you'll always be able to walk away with a profit. Not true if you overpay, then need to rehab and flip. It's a dangerous game, takes time and on-hands experience, but profitable once you learn it.
Please fill me in about this particular situation.
It's also completely ridiculous and unprofessional to be late to open houses to the point where you need to show the property. What is that all about?
Scott Miller, Realty Associates, Boca Raton, FL
Again, HE set the price, not me. I was amazed that he thought it would go for that - I would have set it at least 15k, maybe 20k lower to begin with - but I relied on his expertise as an agent to make that call.
I also expected potential buyers to come through but that didn't happen - probably because it was overpriced.
What really galls me is that I invested the bucks and the time and have wasted most of the prime selling window at the wrong price. The only suggestion he gives me is to drop the price again. Duh. Is that really what I'm paying all that money for?