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House on the Market for 11 months…what’s the deal? : RealEstate

House on the Market for 11 months…what’s the deal? : RealEstate


Price. Right?

Here’s my most recent neighborhood report (I’m in blue): https://imgur.com/a/2rtcveH

I have offered to drop the price $10k and my realtor all but refused. I can push back of course, but is she right and I’m priced correctly and should continue to wait on the right buyer?

Feedback from the showings is that the house is beautiful, it shows really well, etc. The reasons sellers have walked is they want a one-story, more bathtubs upstairs, or a fourth bathroom downstairs…all major things that I can’t change. It’s not a paint color or new flooring or something simple to update.

I know my house is only worth what someone will pay for it. Should I drop the price from $268 to $260k? At what point do I pull it off the market and avoid the “stale listing” and black mark of being on the market for 277 days (ugh)? How long do I keep it off the market?

My realtor is telling me to hang in there. What do you think?



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