We are selling our 692 sq ft home (newly updated cabin on 3 acres with an equal size walk out basement located in a DC exurb) due to relocation for my wife’s job. We originally listed at $310k at the advice of my realtor and took an offer for $300k after two weeks on the market. It appraised for $279 and my realtor thought it was low. They were willing to add $5k, but we countered to split the difference and the buyer just walked away. We have now two weeks later lowered the price to $259k and still no showings.
Do we have a stain on the market with price decreases and relisting? Is it our realtor? I don’t think I was realistic about price at first and she wasn’t either but now we are on a very competitive footing with price. Should I switch realtors? Did she ruin the first deal? Any advice is appreciated.
(Local market is 30 average days on market, $175 sq ft with many moving much higher, and average selling price is $348.)
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source https://www.reddit.com/r/RealEstate/comments/1ngohge/seller_advice_needed_when_to_switch_realtors/
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