Newbie...uestion re: Commercial Property for sale
Hello. I am new to this site. I am wondering how I would go about determining if it would be appropriate to raise the price of a piece of commercial property I have for sale. I have had it for sale for about 2 years, and have had bites on it. However, the town its located in is now growing and at a good pace. Property is centrally located in town, etc. However, given the current state of the economy and market, I don't want to raise the price if it will only hurt me. Currently, I have it listed for 1-2 dollars a sq. ft. less than other neighboring properties that have sold. Realtors and others is town consistently state that its in a good spot and well priced, if not under priced. Any advise would be appreicated.