Real Estate Agent: What should I expect?

[Schneed10]

Yeah I would expect my real estate agent to be more actively managing the listing than what she is doing for you. Basically, I side with your wife in every way on this one. I think you should trust her.

The agent should be contacting you fairly frequently. Selling a house is about generating buzz and remaining visible in the market, the agent should have recognized quickly that if the home was not generating significant interest right when listed, then she should have been in your ear quickly about dropping the price.

Also, you're probably going to have to drop the price.

The right move here is probably to take it off the market and list it with a new agent at a price right at or extremely close to market value. Zillow has you at $203,000 which seems fair given a quick look at comps in the area.

Even if you have to take a touch less than market value, you'll pay yourself back on that concession by avoiding the carrying cost of the second mortgage.

Get away from your current agent. In this business no news means lack of effort, which is bad news for your go-forward selling prospects.

[TheMalcolmConnection]

Originally Posted by Schneed10

Yeah I would expect my real estate agent to be more actively managing the listing than what she is doing for you. Basically, I side with your wife in every way on this one. I think you should trust her.

The agent should be contacting you fairly frequently. Selling a house is about generating buzz and remaining visible in the market, the agent should have recognized quickly that if the home was not generating significant interest right when listed, then she should have been in your ear quickly about dropping the price.

Also, you're probably going to have to drop the price.

The right move here is probably to take it off the market and list it with a new agent at a price right at or extremely close to market value. Zillow has you at $203,000 which seems fair given a quick look at comps in the area.

Even if you have to take a touch less than market value, you'll pay yourself back on that concession by avoiding the carrying cost of the second mortgage.

Get away from your current agent. In this business no news means lack of effort, which is bad news for your go-forward selling prospects.

That's what we were a little worried about. Last week I wrote asking to update us weekly even if it was "no news". Haven't heard anything this week. We were hoping that since Zillow has it at $203k that someone would offer around $190k and we could settle in that around $200k so we could pay back our first mortgage.