We own 7.5 acres with road frontage on three sides on a busy highway south of Dallas. I know commercial isn't moving all that well, but my patience has worn thin with realtors we have had the property listed with. Two realtors have have had the property in 8 years. My current realtor won't even return our phone calls, she seems to be scatterbrained and not well organized. I dont innudate her with calls either. I just call every couple of months to touch base with her and ask how the market is doing. But I have called 5 times in a month and no return call. I am done with that. If she won't return my call, who else's calls is she not returning?
My question is, how do I find a realtor that specializes in commercial land and who has the gumption to go out and get it marketed to the right folks? I seem to be at a loss here. We want to get rid of it. Asking price is $1.75m. We lowered the price to $1.2m for six months and nothing. The property surrounding us keeps getting sold and developed. Our original asking price is right on target with what everything else is on the market for. We don't know who has the other property listed that recently has been developed, I am wondering if they are private deals. We are willing to owner finance with the right down payment. Is 8 years normal to have commercial property on the market?
Anyway, any information would be greatly appreciated.