“Realtor Larry Biggar said one of his clients did just that in November. The Richmond home had been for sale for about six months, and rather than lower the price any further, the couple decided to take the home off the market. They are in their late 60s and want to downsize to a condo, Biggar said. He said everyone who went through the home liked it, but that they all seemed to be waiting to see what would happen with prices.
“We watched the market slow down, and slow down, and slow down. … It just got quieter and quieter,” said Biggar, who works with ReMax Westcoast.
“Finally they said enough is enough. We really don’t have to sell. We can stall our plans if need be, although that’s not our first choice.”
Biggar said the couple will be putting their home back on the market soon, and although they have not discussed the asking price, it will probably be the same price it was when they took if off the market.”
- Richmond News 9 Jan 2013, as quoted by Real Estate Tsunami on VREAA
See ‘The Myth Of The Discretionary Seller‘ for discussion of the syndrome of ‘Sellerpause’©. – vreaa