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Need a reality check on market for SoCal sellers

My condo has been on the market for a week. We're in a quite desirable area, the place is in good shape (though upgrades throughout the home vary & everything's not sparkling new), it's spacious, private, etc. For the most part I love living there & we're only moving because we had a second child. Many I've talked to (others who sold recently, acquaintances involved in real estate) predicted we'd get multiple offers & sell immediately. That's not happened, & the feedback I'm getting from our real estate agent is so strange/unexpected I'm starting to wonder if she's trustworthy.

She says she's been disappointed by the activity (including open house attendance/showings) & she's pushing us to accept what she says is our only (all-cash) offer -- a bit over asking but less than we wanted/expected. She's suddenly more doomsday about the market, saying rising interest rates/the stock market/global situation may be making buyers wary. Her assessment of our home has turned more negative in ways that seem objectively untrue/unlikely (e.g. needed upgrades "frequently mentioned," "many" potential buyers' worries re: how safe the (extremely safe) neighborhood is, etc.

My gut says something's off. I've not read/heard anything about this market or really any market getting sour recently (quite the opposite)...except from our agent. It's hard for me to believe with the scarcity of decent condos in this area that we'd get only one offer. Up until this point I felt good about the agent and never felt she couldn't be trusted, so there's still a part of me that wants to believe her. This could be as simple as she wants to make a super quick sale and move on, or something more sketchy like she has a deal with the buyer with (supposedly) the one and only offer.

How do you know when your agent is not working in your best interest? What is a way to "check their work"? We're under contract with her but I'd rather wait the contract out than be rushed into selling and regret the deal later.

submitted by /u/Vivi_july
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/t06aqu/need_a_reality_check_on_market_for_socal_sellers/
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