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Hi all - In the Greater Boston area selling a townhome, listed it reasonably from all of the comps I see, not high, not aggressive- priced it 15k lower than we were thinking in the summer. We have only a few bites so far this weekend at the first open house, no tour requests. It is staged, pictures are professional, full kitchen renovation, painted everything light. 30 something favorites on Zillow and 1k views, listed a few days ago. Average days on market are still under two weeks in our area. We have a second open house tomorrow...I'm thinking worst case, what to do if it doesn't get offers in the next week? Do we lower the price further? Take it off the market and pay 2 mortgages on it until interest rates go down for a year or two? I would rent it but that is not allowed in our HOA. We can technically afford to hold onto it but it would bite into our disposable income which isn't ideal...on the flip side I don't want to cut the price too low because it feels like a chase to the bottom against rates going up. :( What would you do?
ETA: Also Zillow isn't showing us on the map view due to issues parsing the address. Do they have a number? I've reported with no luck. We show up only on the list view for our zip code.
ETA 2: Pretty sure the consensus is a price drop ASAP if nothing materializes from this weekend.
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