Suggestions On Moving Property/No Offers

[Russell Brazil]

Thought I would reach out to some other agents to ask your opinions on moving a property.  Ive got a house I am having a hard time moving. Actually priced appropriately initially at $417,400. This is in a neighborhood where a typical appropriately priced property goes under contract in 1 week. House shows very well. Probably third nicest property in the neighborhood, as Iv e been in almost every house in the neighborhood, and Ive sold about a dozen of them. After 2 weeks, price drop for $407,400. So now I am sitting at 18 days on market, which is a LONG time in this neighborhood and market.  Coop commission offered is 2.5%. Property is in Rockville. If it were in say Montgomery Village where it takes 30 days to sell I wouldnt care...but once you go over that 7 day mark in Rockville, I get a bit worried.

I am considering a couple strategies to move the property. Either another price drop to $399,000. (But we are already priced below the comps, which are not nearly as nice as this property) or offering a bonus to buyers agent if they bring a full price offer. Bonus could be standard commission bonus, or offered as a gift card of their choice (so then they dont have to split the bonus with their brokerage). I was thinking something like $1,000 gift card bonus.

Any agents have some thoughts?

@Marc M. @Gabriel G.. Also I cant tag anyone without a full last name anymore, if someone can tag Marc and Christina if they are colleagues with them.

[Account Closed]

@Russell Brazil

If it's priced correctly and shows well, there must be something(s) that is preventing an offer from coming in. 

Maybe the feedback you've gotten are not 100% honest or the feedback was lazy and lacking in detail? Perhaps ask for further details on the feedback? Have the showings slowed down now that it's 18 dom?

Maybe link the listing here (if that is ok to do, not sure) and get some feedback not just from agents, but from the general crowd and see if any house-hunters have any feedback?

Best of luck!