3 bdrm SFR in good neighborhood

[Cathy Malmrose]

What would an intelligent investor do with this?

I have a 3 bdrm, 1 bth, double lot, safe neighborhood, fully renovated SFR at 3902 State St, Bridgeport, Michigan for 120-ish. DOM = ~3 months.

Price is good. While interviewing realtors back in April, one suggested list of 135 and he'd just sold a comp for 160 which I felt was high. I went with the one who suggested 124.9 which I thought would sell fast & high. 

I asked local investors for why it isn't selling & they all said price is on target and talk to the realtor. I have "complained" to the realtor 2x. Both times, she had an offer to me within 24 hours. Both offers fell through. I am hands-off on this one since I have 9 other properties on the market and recently had a heart attack so I really can't stress about this -- the realtor is supposed to be able to handle the sale. The only things I have observed that were "wrong" were that: 1) She marked it as a mobile home on one form even though it's a regular SFR with basement. 2) Right now it's listed as pending even though the last buyer backed out last week, no reason given, which means it didn't show up in searches for this weekend, 3. She's open to suggestions but needs nudging and is always "in a bad cell signal area", that sort of thing. Every realtor I've worked with so far besides her has worked so incredibly hard to open up to options so the house is sold quickly and for top dollar.

I have never sold for a loss, even during some of the worst markets / worst areas. 115 is my breakeven. This is supposedly a good market and it's an adorable family home + ridiculously affordable for the area.

Options? Ideas for how to proceed?

[Theresa Harris]

Clearly she is not doing her job.  The fact that she's not up to date on the listing info, marked it as a mobile home when it isn't, and isn't responding says a lot.  When does the listing expire and her contract end?  There should be an end date on the contract.  Tell her you are cancelling it at the end of the term.  Read the agreement and see how much notice you have to give her to fire her.  Then find another realtor and give them 60 days to sell it.

Why did the two offers fall through?