This is a followup on an earlier blog post about a listing I had that expired because the sellers wouldn't listen to advice about the market direction.

http://activerain.com/blogsview/474653/Unrealistic-Sellers-Don-t

If they would have listened, they would be ahead approximately 30k and 40k. While listed with me there were two offers but they were rejected by the sellers. Both offers were good offers, just not the amount the sellers wanted to get. One offer was all cash. They were sure someone would come along and pay more for their home than it would appraise for.

To make a long story short, the home just closed escrow $15,000 less than the first offered received while listed with me. The second offer was $10,000 more than the one they finally accepted while listed with another agent. If they would have taken the first offer, not only would they be ahead $15K dollars on the offer price, they would have saved 6 months of mortgage and property tax payments. Each month was around $3,500 for loan and taxes. that's about 20k, plus the $15k from the first offer = $35,000.

That's a lot of money to lose because you won't listen to good advice about the direction of the market from an active agent.