Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 9 years ago,
Advice on what to do with selling home now
I feel like I am in a 'panic' mode now and am needing suggestions on selling my home.
Cliff notes:
I have a home in OKC/Moore for sale. 1833 sq feet, and it is selling at 170k. 90 dollars per sqft. Year built 2006.
It has been on the market since May 11th, with the initial listing price of 179k. About a month ago, it was reduced to 175k, and about a week ago, it was reduced to the current 170k.
We probably had 5 showings so far, but absolutely 0 feedback from any potential buyers(900 views on zillow with 17 favorites)
I don't live in the home anymore as I am out of state, but I'm still paying mortgage on it; so I'm losing 1500 every month now
At this point in the game and it hitting 3 months soon, what should I do? Should I see how much attention I get with the new reduced price? Should I lower the price to my absolute bottom line now and try to undercut all the current listings?
My agent is pretty patient about it, but he probably doesn't realize I'm paying mortgage still. He seems to be okay to just wait and see what happens