Spam prevention
Rainer
279,878
Dipti Thakkar
LAER Realty Partners - Andover, MA
On a team with Praful Thakkar

Usually, I'd withdraw them if it longer period.

Jul 05, 2018 11:38 PM
Rainmaker
977,386
Brigita McKelvie, Associate Broker
Cindy Stys Equestrian and Country Properties, Ltd. - Lehigh Valley, PA
The Broker with horse sense and no horsing around

A 72.75 acre farm that actually closed last month.  It was listed with me for about 3 years.  Before that, it had been listed for about 2 years with 2 different agents.  The reason it was listed for so long was because the listed had originally been overpriced.  When I took the listing, it was also overpriced, but with my marketing we managed to find a Buyer that really liked the property and was willing to negotiate.  It also took a while to sell because the property was pulled off the market during the winter months and large acreages such as this one take longer to sell.

Feb 25, 2015 11:23 PM
Rainmaker
444,170
Dianne Goode
Raleigh Cary Realty - Raleigh, NC
Realtor/Broker

15 months.  The house was overpriced but also needed a LOT of updating.  After six months without an offer, 3 came in within 48 hours,  all about the same price.  The seller countered all 3, saying he couldn't possibly take lower than $10K more.  None of the three would go that high so he lost them all.  Nine months later, he sold for less than those rejected offers, about $20K less than the price he couldn't take less than.  The moral is that hanging tough on your price won't make it happen.

Feb 25, 2015 09:42 PM
Rainer
47,564
Youree Lundy
Keller Williams Advantage III Realty - Orlando, FL
Your Realtor For Life

I listed one in 2008 for six months; two offers and sellers turned both down because they wanted full asking price.  Listing expired, they relisted with agent after agent and turned down offers that were under the then new asking price also.  I relisted after listing expired again (I was 6 or 7 by that time) and it sold after four months.  It was not a bad house, the sellers were simply stubborn and did not accept that asking prices are not hard and fast.  They rode the market down more than $200,000 as a result. 

Feb 25, 2015 07:35 PM
Rainmaker
1,619,616
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

I work with short sales, and some of my listing have some legal/financial issues. My longest are 1 y from listing to closing.

Feb 25, 2015 03:08 PM
Ambassador
6,361,213
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Sometimes the seller is looking for a needle in a haystack buyer, they exist, but are very rare.

Nov 13, 2019 08:18 PM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

I had one for almost 9 months. More of a short sale situation and even the best offer would not make it work for the seller.

Jul 06, 2018 09:22 PM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Over 2 years.  Location and condition as well as difficult sellers.

May 05, 2018 05:56 AM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

An uncooperative seller will keep a home from selling. It hurts when it finally expires and they end up selling at a lower price than the offer you presented.

Feb 26, 2015 12:15 PM
Rainmaker
3,986,196
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I had a homelisted for almost 3 years.  (Off and On)  It sold when the RIGHT person showed up

Feb 26, 2015 06:33 AM
Rainer
272,937
Richard Robibero, e-Pro, ABR, SRS
Panorama R.E. Limited - Toronto, ON
Selling Your Home as if it were My Own!

About 4 months, sold on last day it was listed. It was overpriced and we had several offers on it. We did end up getting the highest offer but it was touch and go.

Feb 26, 2015 04:31 AM
Rainmaker
1,251,755
Kristin Hamilton CA REALTOR
Berkshire Hathaway California Realty - Beaumont, CA
(909) 557-6966- Specialize 55+ Communties Banning

I had a home on the market for one year and the last month, I received two offers during the last month but the seller refused and thought he could get more and thought he knew more than me. I tried my utterly best to convince him to take one of the two offers. The day it expired he listed with someone else, and 3 months later, they sold it for $35k less. I was angry but still had to laugh too as the joke was on him. It was overpriced, dirty smelly carpets he refused to clean and a wall in the family room painted a horrible color. Though he listed with me, he thought he knew more than I did. It was a learning experience.

Feb 26, 2015 02:58 AM
Rainer
266,064
Richard Arnold
Keller Williams Realty East Valley - Tempe, AZ
Realtor - Tempe, Chandler, Mesa, Gilbert, Phoenix

We had a Short Sale that took about a year and a half.  Twice we were about to get the approval to close and the bank cancelled the sale with no notice, changed the rep, just vanished on us and we had to start from scratch.

A traditional house - over a year - bottom line is price is too high.  Owner wants a certain amount to move on and would rather pay a higher morgage than sell at market price and get a more affordable house. 

We've had a few others in this same state - owner is more intent on the $$$ than moving the property.  One listing I told the owner 3 times - you are asking far, far, too much and you will likely learn the hard way.

Feb 26, 2015 01:15 AM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I had one new house that was on the market for a year, the builder pulled it off the market and rented it for 3 years then fixed it back up and it sold the first week and closed two weeks later. Timing is everything.

Feb 26, 2015 01:14 AM
Rainmaker
1,026,944
Sharon Paxson
Sharon Paxson, Realtor® EQTY Forbes Global Properties - Newport Beach, CA
Newport Beach Real Estate

I had a short sale which took 9 months to get the final approval from lien holders . . but buyer waited and got a great deal, and she is still in the house almost 5 years later!

Feb 25, 2015 11:45 PM
Rainmaker
750,057
Rob D. Shepherd
RETIRED - Florence, OR
RETIRED

I have a river front home that is going on over 2 years now. Started a little high and then the government flood restrictions kicked in making most buyers not interested.

Feb 25, 2015 10:29 PM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

There is always a story behind the long market times. Location or difficult sellers affect price and salability. Why don't they understand?

Feb 25, 2015 10:15 PM
Rainmaker
969,548
Frank Rubi
Frank Rubi Real Estate, LLC - Metairie, LA
FrankRubiRealEstate.com

Debbie, Currently I have a listing running about 12 months. It's a piece of land 9 acres. Land just is not moving. I have it price below market and still no bites. 

Feb 25, 2015 10:03 PM
Rainmaker
1,198,351
Rob Arnold
Sand Dollar Realty Group, Inc. - Altamonte Springs, FL
Metro Orlando Full Service - Investor Friendly & F

I had a high end million dollar property in the boom to bust that was listed from 2006 to 2013.  Never was able to sell it.  The seller thought he could buy, fix, and resell it for a huge profit.  But as the market crashed, the value deteriorated.  It eventually became a short sale but the bank just would not cooperate.  Then we found it had a survey issue where the dock on the lake was partly on the neighboring property.  My owner filed bankruptcy which further prolonoged it.  We came very close to selling it twice but it eventually got auctioned in foreclosure.  

Feb 25, 2015 09:40 PM
Rainmaker
162,739
Melissa Polce
ERA, Wilkinson Real Estate Charlotte - Huntersville, NC
Lake to Land, I've Got It Covered!

waterfront Lot listing, cleared, w/Dock/Pier...the guy keeps it more manicured than some properties with homes on it...been listed 14 months...UGH....PROBLEM? $$$ down for lots run 20%+ nowadays, he probably paid a bit too much back when he bought it(although he is selling at a loss)...Oh....DID I MENTION the SINGLE WIDES ON THE SAME STREET? Oh well let me mention that...the street is "transitioning"...BUT IT AIN'T CHANGIN' OVER QUICK ENOUGH TO SELL THAT BAD BOY YET...It is My ALBATROSS

Feb 25, 2015 09:40 PM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

How long? 2 and 1/2 years!

Why? Beneficial Finance.

Feb 25, 2015 09:19 PM
Rainmaker
5,096,666
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I had one listed for 8 months. It didn't sell fast because I was the THIRD agent in a row in on the listng and it showed as having been listed for over 450 days when I took on the listing. So lots of prospective buyers were nervous that there was something wrong with the home. There wasn't. It was beautiful. But it had been poorly marketed and initially overpriced.

Feb 25, 2015 09:02 PM
Rainmaker
634,482
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

About 6 months during a slow market. The Seller was not willing to reduce the price so it sat until he finally realized he had to price it for the market.

Feb 25, 2015 05:16 PM
Rainmaker
1,683,862
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

The longest time, which was several years, was due to the Seller being stubborn bout lowering his overpriced home.  They eventually did not relist and then chose another agent, who has had it on the market for about a year, with little to no showings.  They still have not dropped the price.

Feb 25, 2015 12:21 PM
Rainmaker
2,443,200
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

A year, but then it was a short sale and the bank wasn't moving forward.

Feb 25, 2015 11:59 AM
Rainmaker
1,771,867
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

About a year. It was over priced and finally sold because a buyer fell in love with the location because she could walk to the train and her father bought it for her as a gift.

Feb 25, 2015 11:31 AM