Listing price: reduce or be patient!

[Kyle Glasgow]

Just listed my first flip. My agent did the comps and after doing my research I instructed her to list a bit lower. The property is at 20 DOM now and there has been 4 viewing with no offers. This flip is in Baltimore city. Should I reduce the price at this point? I’m highly motivated to sell.

[Theresa Harris]

If the average DOM is 120 and you've been listed for 20 days, wait a bit.  The time of year also plays a role.