Price - Take a good look at comparable properties that sold in the past 6 months. If you're not getting a lot of activity after an extended period of time, the market may be telling you that you may be priced too high. Inventory may be low, but buyers still want bargains. Consider offering some sort of incentive (ie, home warranty, closing cost assistance, or a free cruise. You can find give-away packages online)
Condition of the Property - Even if you're in the most desirable building, block, or neighborhood. Most owner-occupant buyers want something nice where they only have to add a few touches to make it theirs. Spruce it up, stage it nicely, and you may even get multiple offers.
It is a new year and things are heating up in the market. I would be happy to meet with you to discuss a better marketing plan for your condo.
All the best,
You are aware, according to your comments, of the discrepancy of those properties that have sold and the assets of your unit. You CAN NOT ignore what your unit does not have. Well, yes you can but the result is silence from the market place.
Now is the time to huddle with your real estate professional and develop a pro-active strategy that will neutralize this issue and turn it into an ASSET or adjust your price accordingly.
Understanding how this is done gives fabric to Joseph;s comment. Selling your condo can not be like shopping at wallymart if you expect to get the best purchase price. Sometimes the buyer needs a little convincing. You may need to empower and encourage your agent to get this 'gold' sold!
Best of success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
I work and live in the Gold Coast, I'm very familiar with most of the buildings. There is plenty of activity in the area and if the buyer walked, it's for a very good reason.
Feel free to contact me at anytime.
The units in your building that sold for between $336k and $370k had hardwood floors and brand new kitchens and baths.
Also, now that its been on the market a while, you are losing the excitement factor for Buyers that have been on the lookout. I am working with buyers right now who have been eyeing a property for a while and they keep asking me, "if it is so great, why is still for sale?" They are just waiting for the next price reduction.
Have you considered staging your property? How has your marketing been? What is the feedback you are getting?