Sale Failed
I saw something today I'd never seen before: a placard on a realtor sign, similar to a "sold" sign, that said "sale failed" in big red letters. This was on a sign that until recently said "sold". First time I've seen that.
Comments
Sounds like something a pissed off seller might do.
http://www.redfin.com/stingray/do/printable-listing?listing-id=870161
Price Reduced: 07/18/07 -- $515,000 to $507,000
Price Reduced: 07/29/07 -- $507,000 to $497,000
Price Reduced: 09/12/07 -- $497,000 to $490,000
Price Reduced: 09/22/07 -- $490,000 to $469,000
On the market 170 days, price reduced 46K.
Yes, seller might be a bit upset. I think it is safe to assume they had some carrying cost on top of that for six months.