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Updated about 1 year ago on . Most recent reply

User Stats

79
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17
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Vasudev Kirs
17
Votes |
79
Posts

how to proceed - lower the price or use a different marketing strategy?

Vasudev Kirs
Posted

My condo is located close to a university and apartments in that area mostly cater to student population.

Condo has been on the market for 14 days. No leads so far.
This is summer where most of the students are either off on holidays or have an apartment.
It is a 1 bed, 1 bath. There are no 1 bed in the 1 mile radius that I can see in the rental sites like zillow, realtor, apartments.
I am not sure if I priced the condo correctly as I relied on rentometer completely.

Reduced price once but no leads so far. I can that zillow is generating views close to 10 every day but no contacts so far.

How do you approach the situation when there are no comps for your condo?

What should be my strategy? Any advice?

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