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Switch realtors or stick it out?
We've had our house on the market for 9 LONG months with no offer. We listed with realtor we know (goes to our church, has a nephew that works with DH, lives in our neighborhood). She told us a price to list our house for that was too high but we went for it thinking that she knows best. Now, nine months later, we've dropped the price numerous times (almost $20K) and still don't have any offers. All of our feedback has been postive. We've been on a bunch of "favorites" lists but never got past that.
Before Easter, we talked with her and asked her what we had to list our house for to get it sold. We close on our new construction loan in less than a week and just want the house off our hands. She told us, we dropped the price, and we have yet to get an offer.
I'm frustrated that we still have our house on the market when it should have been long gone. DH wants to relist it with another realtor but I'm wondering what another realtor will do that ours hasn't done. It's not like our realtor can force someone to buy our house. So far, she's had an agent open house (back in August when we listed) and open houses every two weeks in the past two months. I guess I don't know what else she can/should be doing. Am I missing something?
Has our realtor dropped the ball? Should we relist the house with someone else or just stick it out and hope it sells soon?
Re: Switch realtors or stick it out?
What else has your realtor done to market your house? Good MLS photos? Accurate and enticing description? Open house? Does she share all feedback with you? Fliers?
Do you know how long it's taken homes similar to yours to sell in the 9 months? If everything is moving slowly, you might be in a poor market which is not your agent's fault. But if other comparable homes are moving and yours is stuck there is a problem somewhere.
I assume you have "depersonalized" your house and swapped out all the lime green paint for beige and stuff like that? Any chance your house smells (pet odor) tht you can't detect? How is the location, especially compared to similar homes for sale?
I would have concern about her experience. Too many times people go with someone they know and don't base it on the person's professional career. With this being said, I would question if the agent know's their market if they listed it too high.
In my market, open houses are typically not what sells your house. Open houses really only help the agent to gain buyers. I would start interviewing other agents and ask them flat out: 1. What price should it be? 2. Why hasn't my house sold? 3. What would you do that my agent hasn't? along with experience questions like, is this your fulltime job, how many years has this been your fulltime job, etc.