Should we lower the price?

I’ve asked a couple of questions the past few weeks. Due to divorce we are trying to sell a condo less than 3 months after buying. We are in Los Angeles CA so paid 535. We listed it at 535 also. No increase. Other condos in that same complex have sold for 540, 550 and 520 in the past 6 months. It’s a sought after area so usually those units sell within a week. A year ago they were selling for 450-475. We’ve had it on the market for two weeks now. Of course right when all the interest changes happened. We are thinking of lowering to 524 and paying the extra cost at closing. Should we lower it now or wait a few more weeks? If we have to lower it more, for example 499, we would but that’s a huge financial impact so thinking extra hard before we lower it more than 524. Our realtor says we should wait it out because we are reasonably priced compared to comps in the area

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I’ve asked a couple of questions the past few weeks. Due to divorce we are trying to sell a condo less than 3 months after buying. We are in Los Angeles CA so paid 535. We listed it at 535 also. No increase. Other condos in that same complex have sold for 540, 550 and 520 in the past 6 months. It’s a sought after area so usually those units sell within a week. A year ago they were selling for 450-475. We’ve had it on the market for two weeks now. Of course right when all the interest changes happened. We are thinking of lowering to 524 and paying the extra cost at closing. Should we lower it now or wait a few more weeks? If we have to lower it more, for example 499, we would but that’s a huge financial impact so thinking extra hard before we lower it more than 524. Our realtor says we should wait it out because we are reasonably priced compared to comps in the area submitted by /u/Stock-Examination-36 [link] [comments]

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