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Need Advice as Seller! Neighbor has Crappy Lowball Listing

Hey everyone. I live in a big city in USA. I'm preparing to sell my condo loft. Units in my building have done pretty well recently, selling for at-or-above comparable condo pricing.

However another unit very near me in the building, with a near-identical layout, has made a listing that is terribly decorated, terribly marketed, and most of all, terribly priced (low). Not only is it listed about 20% below market - but it's not even selling at that price because it's been brought to market so incompetently.

My strategy is to try to wait this unit out. I'll give it another month, and hopefully be able to list mine when the other is off the market. But it may well be listed in perpetuity. In the meantime I've done a good deal of work on my own unit, to be sure the differentiation is clear, in the event the units compete.

Any advice for how to handle this? Is there anything I can do, or will I just be hostage to this garbage listing? Please help!!

submitted by /u/anp616
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source https://www.reddit.com/r/RealEstate/comments/16mk0e0/need_advice_as_seller_neighbor_has_crappy_lowball/
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