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  • judysalleh
    Participant
    @judysalleh
    Join Date: 2007
    Post Count: 1

    Hi, I work as a Real Estate Agent and my advice to you would be that unless the agent has failed to market the property properly or the property has issues eg structural or termites, then the only reason a property fails to attract buyers is quite simply the price.

    I don’t know what price you are advertising at but for example if it were a house and you are asking $500,000 and no interest, do you think if you asked $400,000 you would have interest? Most probable answer would be Yes. Therefore buyers are saying at $500,000 it is too expensive but at $400,000 it is good value. You therefore need to adjust your asking price until people start to bite,then you will know where the buyers are judging the value of your home to be. In real estate sales you will experience one of three things:
    1. No inspections and no offers
    2 Inspections and no offers
    3. Inspections and offers

    If you are in outcome 1 or 2 then you need to adjust your price
    If you are in outcome 3 then you are in the right price bracket.

    Most people like to blame the agent but in reality most of the time it is quite simply “the price is too high”
    Hope that helps

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