I see that the owners of this run-of-the-mill mid-country house have fired their broker and brought in someone else, along with a slightly reduced price. Ho hum.
This place is assessed at $1.2 million so anyone with even a stirring of nerve life could have predicted that its original asking price of $2.475 a year ago April was guaranteed to ensure it wouldn’t sell. And it didn’t.
So the owners have now endured a full year of inconvenience, keeping their house ready to show, letting their schedule be disrupted at the whim of non-buyers, while gradually whittling down their price.
As of yesterday, they are asking $1.895, which is an improvement, but the property now has the stigma of being a year on the market – buyers see that and ask, “if no one else wants it, why should I?”
I long ago ran out of sympathy for sellers. If they insist on overpricing their houses and refuse to acknowledge reality, that’s entirely their choice, but I won’t waste my or my clients’ time showing those properties and certainly won’t grieve when, years down the road, their house sells for a fraction of what it might have gotten had it been sensibly priced to begin with.