I am not sure what your current listing agreement says and what the terms are as to duration of the
agreement, and the terms for price reductions. And since I do not know in which state your out of state property is located I am not sure that certain rules and terms may be different.
But in general, any contract or agreement, can be changed as long as it is done in agreement and
in writing. So if you want or need to reduce the price, she should have a form for that that you can
fill out, change the price to a new one, sign and date and get the form back to her....
She of course should provide you with new comps, i.e. properties similar to yours or with adjustments
that have recently sold, so that you can see for yourself why it should be necessary to do a price reduction. Your Realtor should also provide you with some competing homes, i.e. similar homes to yours in the immediate or surrounding areas that are currently on the market and competing with yours..YOu basically have to price your property right so that you are competitive in comparison to other available homes...
I hope this helps a little, but your Realtor should provide you with all the details, paperwork and
reasons, as well as with a price reduction suggestion based on comps and the market....
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