Your agent should have educated you on the market and given you the information necessary for you to know what a good price is. There are so many things that go into a successful listing but setting the price correctly is #1 followed closely by condition and amenities as compared the homes you are competing with.
It sounds like your home was priced high. Agents will sometimes tell you what you want to hear in order to get your listing. This seems to be what may have happened. It's important to have an agent that will be brutally honest with their clients. I know I lose listings from time to time because they want to go with an agent who gives them a better listing price.
It is important for you to understand the market. You may even want to tour a couple homes that just went under contract or that are priced close to yours. See how they compare to yours and that may give you a glimpse of where you need to be.
Best of luck to you,
REALTORÂ® | Mortgage Broker
Keller Williams Realty | 360 Lending Group
o 512.669.5599 m 512.633.4157
firstname.lastname@example.org | www.AustinListed.com... more
Most agents are not aware of all the laws and possible consequences of shorts sales. They need to be handled properly for future protection. I advise ALL my short sale clients that it is highly advisable to work with attorneys in conjunction with the agent and the sale of the property. Agents are not attorneys and these situations need to be handled correctly for the protection of the seller and the agent. To get the BEST legal advice I would contact attorneys that specialize in 'short sales'. You may contact whomever you wish. I use Williams Keyes at www.AFM7.com.
It is amazing how much mis-information is out there and that agents think they can handle this not knowing all the laws and possible future outcomes that may apply for the seller.... more