Friday, June 02, 2006

When Does A Listing Stop Being A Listing?

We all know that some sellers put their homes on the market either for that "everything has a price" price or just to be able to have their friends see their house advertised for $XX millions. "Pssst! See that woman in the white dress with the big diamond earrings? She's the one who married that guy who left her that house and she's now cashing out." It's a familiar story...after three years on the market at an exhorbitant asking price, the property listing becomes virtually invisible, or worse, fodder for jokes (until, that is, some broker stumbles upon a buyer who walks into their office looking know the rest).

Most Expensive Homes in the U.S. 2006: Northeast -

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