3 months into selling !

[Jerryian Francois]

HOW ARE WE DOING BIGGER POCKETS FAMILY! QUICK UPDATE HERE ! So it’s been about 3 months since we put our duplex on the market and we have gotten no offers. The market here in miami is pretty much slow with all the uncertainty going on we have had multiple open houses with multiple no shows. We are priced right compared to what’s selling around the area so it’s a matter of just waiting this out. All units are still leased out so there’s no sense of urgency to sell so until than we’re sitting tight and holding steady until a buyer comes along ! Are you guys experiencing the same thing in your market ???

[Andrew Syrios]

If you're not getting any offers after being on the market for 3 months (and going into peak buying season) I highly doubt it's priced right. Maybe the comps look good but they have been amenities, more updated, there were concessions in the sales or something like that. 

With rare exceptions (major economic uncertainty like when covid started) or for relatively brief periods (like around Christmas when the RE market basically shuts down), if something isn't getting offers, it's priced too high.