With this property, there is little to no yard space, most if not all of the comps in THE area do have a yard space and that's not all, the location is odd. Although it has some mountain and valley views, it also has little yard space that is exposed to the road running down the back of the property. Unfortunate.
It is never easy for a Realtor to tell a seller/investor his investment is a loss. Equally, it's never easy for an investor to hear he's going to take a loss. I get it, could not be more sympathetic. It's an unfortunate by-product of real estate not of my making. You can show sellers the numbers till the cows come home, some sellers just won't listen to their Realtor. I'll never understand that.
The right time to get rid of your listing
When you've exhausted any chance of getting a price-reduction. Seller lives out of state, not very communicative, has a "business partner", whom I do not know or have a contract with, who sent me a rude e-mail about a construction site next door...of which I have no control over. I have been trying to get them to clean up what little yard there is...to no avail. Weeds growing around the property, won't spend the money to maintain the yard.
And now, there is a stray dog living on the property. I have arranged for the dog to be collected, by no-kill of course. When is the right time to get rid of the listing from hell? Once the dog is rescued/gone, so am I. (Actually, it will be a few weeks when the listing expires, but that doesn't sound as clever somehow.)
Also see my other story titled 5 Must-Have Items Every Good Listing Agent Should Carry.
Jeffrey Stevens, Jeffrey Stevens Realtor®/Associate Broker
Real Estate Agent / Las Cruces, NM
Berkshire Hathaway HomeServices NM Properties - Berkshire Hathaway HomeServices