Q: My home has been on the market for almost a year. My Realtor also sold it to me and also sold my last two homes, and does a lot of sales in my neighborhood. She told me to list it at $599,000, but I really couldn't afford to eat that much of a loss, so I had it listed at $699,000. Anyhow, I keep reading about how the market is rebounding now. I see other homes getting multiple offers in a fairly short period of time, and I've got nothing. I know my agent spent a lot of money advertising the place, but I'm tired of having conflict with her. So, I just asked my Realtor to cancel the listing and relisted it with another agent who wouldn't take the listing priced any higher than $599,000. What did I do wrong, here? A: Your note was short, but my list of mistakes you made is long. Do me a favor: Stop reading now if you're thin-skinned. Mistake No. 1: You seem to have been very confused about how to set a list price for a property. A smart seller in a buyer's market sets the ...
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