I have... and I've seen it sold at a price lower than what it could have sold at and which the seller rejected when I proposed it due to excessive time on market. The value I bring to sellers is my low days on market for my listings because I price them right, stage them right, and market them right. I don't want my "batting average" lowered by a listing that I know up front will sit on the market because a seller isn't listening to me. I feel the same way about sellers who won't work with me to properly stage a home, be cooperative in showing it when listed, etc.  

Moreover, the relationship with sellers like this is always strained. As most of my busienss is repeat and referral from happy  clients, I prefer not to have relationships that lead nowhere in the future.

There will always be overpriced listings just as there will always be agents that "buy" the listing then walk the price down to where it should have been in the first place. 

Walking often leads to good things.  Walking away can work in many cases too and for many reasons. As far as real estate, pricing is an opinion and it's not unusual to see differences.  Properties are listed. Properties are sold.  The way that happens can vary in a number of ways.

It happens enough that I start to second guess just how accurate I should be with my pricing opinions.  It gets old watching another agent get the listing, price it high, then walk it down to sell right where I predicted.  They get paid, I don't.  And I'm not talking about grossly overpricing, but it's still overpricing.  Bill

Of course. Se la vie.

Yes, but I decided early to cut my losses and run. To many other opportunities.

Yes, typically lower than the price I originally suggested - and had they not spent so much time on the market and listed at my price, they would have gotten that price! 

Sure. After going to some class about the dangers of taking on an over priced listing and the lesson preached was to walk away from such. I walked away from a couple. Only to see them get listed and reduced until they sold. Now,  I don't walk away based on price alone. If education fails and the must try, the "try" period has a short fuse. Most seller's even the "I want more" sellers are agreeable. They ones that aren't agreeable or reasonable are the one's I walk away from. Of course everyone scene is different - sellers motivation is different.  So, if it's price and other indicators of an unpleasant experience I"ll let someone else work really hard for 90days or more and get fired and perhaps I'll step in to be agent #2 or #3 or pass and never look back.

if it's grossly overpriced, that's an embarrassment and obvious to other agents the listing was "bought".... we don't do that.... 

Sure, who hasn't who have been in the business a decade or more?

I took an wrong-timed listing and an offer come in at exactly the value I recommended to the owner. They refused to sell.

Listing expired, re-listed and yep, it sold for the previously offered price. The time was then right.

The real issue was I was unable to convince the owner of the 'real cost' of coating the inside of the house with 30 years of nicotine.

Yes and which is why i try to persuade the seller to reason, before even thinking of walking. I like to bring hard proof of values, listings in their area both for sale and sold. Showing them, not just telling them what the value is

Yes I have Greg.

Yes, but didn't care. It took several months for sellers to switch agents 1 or 2 times and lower price to where it would sell.

Almost every scenario you can imagine in Real Estate has played out. It's only "new" to the person discovering it

Yes.  And they sell for the list price I recommended.  Next. 

Yes,  90% of propeties sell within10% of list price. 

The market never rises to cover an overpriced listing

prices finally get adjusted to where the market thinks they are correctly priced  

No.  99% of the time the sellers and I come to the same conclusion about the price.  Once the seller thought it was worth more than the comps did and made a good argument for it.  I agreed to their price, with stipulations that if it didn't work they'd go to my price after X days.  Their price worked and even got bid up.

The house next door went through 3 agents - overpriced by 100K the first time, multiple open houses,  2nd agent dropped it a bit, but market had softened and still didn't sell.  Lots of work and open houses. 

Last agent also listed at the same price, but they got an offer $100K less and buyers accepted.   16 months and lots of agents time. I'm glad it wasn't me, but the agent who at least got someone to write up an offer (even so low) got the deal done. 

Yes, it happens.

We have only 'walked away' two times in our careers, but never for an over-priced listing, since we would not have taken it in the first place.

It happens, and sometimes some agents do take the OP listing, with the understanding of reducing the price in an X number of days.  A

Happens all the time.

Seen it many times. Learnt to negotiate a quick price reduction if there is no traffic or no offers. Always better to have the listing than not.

I walk away because I price homes to sell today and never at months or even years from now. Therefore if I am not given a 2nd chance all are slated to follow this path. 

Sure, and sometimes they get that price.

More than once. I had a lady ask me to sell three houses for her a few years ago. Two were reasonably priced, but she decided to change the price the day of list. The third one was literally $300000 overpriced. I thanked her and walked away. She sold them all for the prices I gave her the first day we met. The only loss she had was the year on the market, insurance, taxes, interest and utilities. I have never liked planted my signs in a yard like flowers. 

Quite a few times it happens to the best agents in the business all the time

Yes, I will let the next agent have it. Overprice listings are not worth the lost time and effort. 

Greg Lynott yes, it did happened to me.

I do not recall a specific situation.

Yes...

Yes, Even had seller not wanting to list at the price I suggested only to go with another agent and that listing for $25,000 more only to have them sell 2 weeks later at the exact price I originally suggested.

Yes, last summer, and they listed right away with someone else who talked them into a lower price.  

Yes I have

I think we all have.  And it's particularly irritating, when you've told the seller the property should be listed for $350,000, and sell between $325,000 and list price...  only to have them list with someone else for $500,000, and take regular price reductions for the next 18 months, finally selling for $299,000...

I have not walked away but I have lost a potential listing because I disagreed with the owner about the value of the property. Owner questioned my savvy. Owner selected a different agent who went with the owner's price. Of course, owner was wrong about the price and the property sold for substantially less.

Yes , often close to what I had predicted

Yes, and I'veseen it sold for less than what i had suggested at that point in time.  I've also seen them never get sold.

No.

Happens alot, but I sooner be up from with sellers at the bringing and tell them what it will go for