First time selling a house
This is our first time selling a home. We chose to go with a family friend who is a realtor to manage our listing. It’s been on market 73 days, with just two showings. The house is in excellent condition, we had the interior painted cleaned - etc, it has a pool that is just 2 years old, and loads of other upgrades.
The agent asked for 3% commission, which we agreed to, we’ve lowered the price one time. Recently another home in the same gated community came up for sale, and had an accepted offer in 30 days. We feel frustrated. Question for the community- our contract with this agent is up at the end of July, I assume she will want us to renew. We assume that we may need to come down on the price- but as we do that, it feels to us like she should come down on her percent. I know from other agents that listing agent fees range from 1.5 to 3 percent in the local area, so she is at the higher end, which would be fine if she was really hustling and getting prospective buyers in the door. To date she has done online marketing, 2 Open houses and a broker open. What else should we be asking or expecting from her for the 3% fee to drive awareness and get the house sold? And should we ask her to lower her fee if we decided to renew the agreement? Or should we part ways - wait a month and go with a new agent??