I know, I know… walk away. But just in case, I’ll give the story: B & B in a tourist area. DOM is 200+, with only a 5% drop over a year ago. Agent thinks two things: 1. It’s overpriced for the physical house. 2. It might get close to the price bc of its location & the history of the B & B. We don’t know any of the story about why it’s sat for so long. They bought it 10 years ago for 7x less. (100k in 01 to 700k in 21) Seriously, the location is wonderful, almost enough to pay that for it.
Do you think there’s any chance they’ll take a lower offer? Thanks for listening to this sad tale of warning about longing for an odd sale.