This is something all Realtors dread doing: Throwing in the towel! In this case it involved friends/clients of mine who had their home listed with me.
The home appeared to be priced correctly but as time went on that did not appear to be the case. We watched other houses around them go for lower prices. My clients grew more frustrated because buyers would not appreciate all of the extras that were put into the home. (does any buyer appreciate this)
After four months of multiple showings (the most we have ever had), plus two offers that did not work out, my sellers said they had enough. They withdrew their listing.
My opinion on the whole situation: Buyers cannot expect to regain all of the money they spent on upgrades to their home. That has become an unfortunate situation in this market. If you receive feedback about the pricing of your home and you see other homes sell around you for less, it is time to get aggressive or throw in the towel.
My clients decided to throw in the towel. They did not have to sell and will continue to live in the home until the market changes. If and when the market actually changes.
There are times when it is not meant to be.....
