Your property is a bit smaller so it will not have as "large a buyer pool' as the what we know is the highest demand size.
There are a lot of agents out there who will shy away from properties that have been on the market for too long. And buyers, who often get automatic notifications of new listings or changes in existing listings, will probably not see your listing again unless something changes with it.
Are you still getting people to come through the property? And how difficult is it for someone to get into if they want to see it? Somehow or another, you really need to start creating some new interest. But again, that's really your agent's responsiblity.
If the agent isn't an independent broker (meaning that he/she is an agent and not a broker him/herself), then I'm very serious about having a conversation with the listing broker. That would be his/her boss. It is probably time for you to stir the pot a little.
The database that I was referring to is one that your agent typically builds up. I've got several thousand contacts in mine... for various things. Some of them are clients. Some of them are people I network with. Around 1,500 are local agents that I mail to announce open houses, price changes, new listings, etc... And some of the contacts are investors.
On top of that, I've got other agents in my office that I can have go through their own databases. We're very big on using CRM tools to stay in contact with people and make announcements.
I'm just curious here. Did your agent bother to knock on any other doors in your complex or try to contact other owners in the building to see if they had any friends or family that would be interested in seeing the property? Did she bother to invite them to the open houses? If it was me, I'd still be having open houses even if the property had been on the market for several months. If I couldn't sit them, I'd have other agents in my office doing it. You will never sell it if nobody is showing it.
This to me is a red flag that your agent may either not know how to market a cash property like yours or is just being lazy and didn't gather all the facts when taking your listing. You should speak to their broker about this and see if they can help make amends.
Sorry, I completely missed the line about having a Realtor in your original posting.
Has your agent done any open houses? What has he/she done to drive turnout at those open houses? What about database mailings to investors? And how about working with some lenders that can provide workable scenarios for potential buyers? That's something that should be provided to every client who sees the place.
If you don't think that your agent is doing what you want, then you may want to speak with the broker. An agent is supposed to do more than just get your place in the MLS and supervise the paperwork.
You're best bet is probably to list it with an agent. You'll get a lot more exposure. A good agent will also come to the table with a marketing plan that most individual owners can't compete with and a mailing list of potential buyers.
Non warrantable condos really shouldn't be a huge issue if the building and the unit are in good condition. We have a shortage of property throughout the Los Angeles area right now and there are buyers who won't be put-off by this issue.
I'm assuming that the reason you are attempting to sell it yourself is to save the commission. You may be better off paying it if your agent can sell your place for more than you can on your own. In the end, you could wind up pocketing more money.
I'd be happy to provide you with a free property evaluation without any obligation. Let me know if you are interested. Best number to reach me at is 818-728-1100. I have several meetings this morning but should be free by around 1:00 PM. You can also reach me by email at email@example.com.
CA BRE# 01815608