No comps, no sale?
Dear BP community,
My realtor just told me that after six showings and some interest from a few folks, that my duplex wont sell because there are no comps...The last comp was from 2010 and that was when I bought my duplex for 106k and there are no comps since then. The 137k asking price will not happen even though there has been a lot of interest, says my realtor. The property has only been on the market for six days and I'm already thinking about keeping it. The market is up here and I wanted to capitalize on the up swing.
Does anyone have any ideas? Do I need to pay for an appraisal since there are no comps?
Thank you,
KEG