He Refused a good offer 1 year ago, and now the house is still on the market.

A year ago I listed a home for sale; this home was just a year old and when I took the listing I told Mr. Seller I think we priced this home too high.  We added a special stipulation to the listing agreement reducing the price after 30 days.  About 10 days after listing this property we had a potential buyer who interrupted her vacation to come and view the home.  This buyer drove 7 hours to see this home and was ready willing and able. 

The buyer placed an offer and provided earnest money.   I presented the offer to my seller and provided the sellers net to show his profit.  He refused the offer.  I also offered to reduce my commission since I was the only agent involved and this would present a win-win for everyone involved. 

Mr. Seller was not happy with this and the buyer would not budge on the price.  I informed Mr. Seller that if he chose not to accept this offer, I though it would be best that he take his home off the market.  Mr. Seller was rejecting an offer that was $30,000 more than what he paid for the home.  Mr. Seller did not want to pay the withdrawal fee so he chose not to show the home each time I called to show it.

The buyer decided to purchase another property just a few miles away, which settled earlier this year.   In the mean time, Mr. Seller re-listed with another agent and 2 other agents after that.  The home is currently on the market one year later and the listing price is now several thousand dollars less than what he paid for the home 2 years ago.

Mr. Seller will most likely sell the home at a loss, when it gets sold.  I took a look at the listing today and here are some of the pictures.   BTW, these pictures were taken by an experienced agent who has tons of listing.  In my opinion this agent would have been better off not to include these pictures.  Tell me what you think?