I've had three listings within this last year which I've suggest we take off the market.
Two of the three clients got caught right as the market began to decline in this area and didn't really need to sell, so I suggested we take their homes off the market.
The first home would have been short if we would have dropped the price any further, and their intention was really to sell and buy up.
The second home, was in contract and yet the buyer couldn't complete the transaction as their lender pulled the plug on their loan 4 days prior to escrow and the buyers couldn't get another loan. The owner moved and we rented it out.
The third - the owner simply wanted more and struggled with the emotional factor of selling a home she lived in for so much time, for so little. We are about to rent that too. The REOs in this area have impacted the surrounding houses.
I know it doesn't make sense to pass up a deal and not encourage people to sell anyway, but I do care about my clients and always try to help with the right decision base on what information we have in front of us at the time.
Why not.. I know they trust me and that is a nice feeling. They will be back when the time is right.
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