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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: David Jones who wrote (6593)	11/5/2002 5:58:50 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 306849

I can't fathom having a broker that would put up with a seller repeatedly Withdrawing and Re-Listing a home I can't disagree, but that's what happens. Most Realtors know that a listing with more than 90 days on market is unlikely to be sold, sold they simply withdraw and re-list - over and over. I have a friend who, not selling his home in 1990 for $1.4 million, repeatedly reduced the price down to $540k in 1993. After recently trying to sell it again for the last two years, most recently at $1.2 million, he asked me to sell it for him. I told him I would as a favor, but suggested a lower price which he was unhappy with. I told him if he obtained an appraisal I would sell it for the price the appraiser determined. It's been a year and and every time he calls me to list the home it seems he still hasn't obtained that appraisal. It appears most brokers are more eager for something to do than I am. Needless to say, over the past twelve years he has lost nearly the entire value of the house when you consider interest, property taxes, maintenance, minus occasional rentals to house abusing celebrities.