Hi Nancy,
I'm not an agent, but I have been a buyer and seller, and currently 'browsing' homes thinking of moving, and looking at my own neighborhood comps (with much pain! lol) to price my own home if I do sell. As a buyer, I'm looking for 'a deal' of course, especially in this market, and that doesn't necessarily mean the lowest price, but the most value for the price compared to the other homes in the area. Like "Bay" said, your home needs to stand out from its competitors. If it can't stand out with features like the largest yard, the most updated kitchen, the biggest rooms, then it needs to stand out by being the least expensive (by more than a tiny bit). You said yours is the lowest price, but is it the best deal? You probably already know all this, but I just encourage you to look at your house as objectively as possible and say, "If were a buyer, is this the house I would buy based on what is avalable?" Not just in your neighborhood, but in surrounding comparable areas s buyer might also be looking into. If you can find another house other than yours that seems like a better "deal", then that's what buyers see, too. It doesn't matter how great your Realtor is if buyers don't see why your house is "a great deal" that's going to finally halt their searching and make them salivate over the possibility of getting your house. With 20 homes for sale near you, you have a lot of competition, and a small price difference between yours and the others may not be enough to make it stand out to buyers. If your house is already priced well-below others and truly is the best deal around, then it will sell (assuming it is properly marketed so enough people come to see it). That's just my perspective as a buyer (and seller). I wish you all the best on selling your home in this tough market. - Sun May 25 2008, 12:22