Classic case of chasing the rabbit down the hole. Had they priced it aggressively from the beginning or reduced it aggressively it would already be sold. If they had started at 290k back in March they might have looked like a bargain to someone. What makes me go hmmmn, is not that they lost 26%, but priced it 26% incorrectly. Look at some of the others threads where the realtors and appraisers are toiling over list price and value and all of the factors they considered. What did this guy’s realtor do, throw darts?
