First-Time Investor Advice: When to Drop Price on $1.09M Charlotte Listing in 28277?

[Bharath K Raju]

Hey everyone — I’m a new investor and would really appreciate some insight from more experienced folks in this group.

We recently moved out of our personal residence and listed it for sale at $1.09M in Charlotte (28277). It’s been on the market for a little over 2 weeks, and while the listing has gotten a lot of traffic and showings (even labeled a “Hot Home” on Zillow), we haven’t received any offers yet.

The home has been extensively upgraded and shows beautifully. In fact, most buyer feedback has been very positive regarding condition and finishes. That said, we’ve heard from a few buyers that the floor plan may not suit their preference, even though it’s what drew us to the home when we purchased it. There’s also no community clubhouse or pool, but it’s located in a high-demand area close to pickleball courts, fitness centers, and all the Ballantyne/Blakeney conveniences.

Here’s where I’d love your advice:

• I know higher-end homes can take a bit longer to find the right buyer — should we hold off a little longer and wait for the one who sees the value?
• Or, would you recommend a price drop now (especially ahead of this weekend’s open house) to ride the momentum and avoid lingering past peak summer activity?
• For those of you flipping or selling homes in this range, how long do you typically wait before adjusting price, especially when you’re still getting steady showings?

Trying to balance patience with smart market timing — any perspective would mean a lot!

Thanks in advance.