Clearly you're overpriced or there are condition issues if it hasn't sold in 8 months.
Pay $350 and hire an appraiser if you're not sure about the price and/or pay $200 to a "stager" to create a look that will attract mutliple offers at the highest possible price.
Also take a look at how your Realtor "presells" your condo on Realtor.com. Some agents do not pay the extra fees to be able to include a virtual tour, customized description and 25 photos. You want buyers to "tell" their Realtor they want to see your condo.
Otherwise you can simply lower the price and eventually an investor will buy it and make the needed upgrades and then flip it for a profit.
All the best,
To be successful selling your condo, you need to be the best looking, best staged, best marketed unit in the price range. Many agents will jump right to price, but ignore the other factors. I always recommend all other aspects be reviewed and considered before we automatically jump to price.
If you are already priced below your competition what other factors are getting in the way? Do you have a bad location? Are other units selling, but not yours or is the entire complex suffering the same result as you?
Is your listing agent a well known discount realtor? Are you offering at least 3% to the buyer's Realtor? Is your Listing agent charging the buyer's Realtor a miscellaneous MLS/garbage fee which results in the Buyer's Realtor getting less than 3%?
Is the unit easy to show? Can a Realtor show with 10 minutes notice? If you're living in the condo do you make sure to leave for all showings? Is the condo so immaculately clean that a buyer would be comfortable eating off of your floors? ok... this is a little extreme but you must have an immaculately clean place to get the most for your condo.
Have you gotten a market update of actual "sold" condos?
Lastly if you want to get a very accurate idea of the current market value, you may want to pay a Florida licensed appraiser. The $350 you will spend will give you the most accurate idea on how to adjust your value versus sold condos, i.e. cherry hardwood cabinets, granite counters, hardwood floors, etc.
Hope this helps.
Licensed Associate Broker
Accredited Buyer Representative
GREEN Designated Agent
William Raveis Legends Realty Group