Buyer’s market casts doubt on McMansion’s value

No purchase offers in 18 months worries seller

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DEAR BOB: My house has been for sale on the market more than 18 months. Despite scores of open houses and showings by agents, I haven't received any offers. It is a gorgeous five-bedroom, 4-bathroom home with a three-car heated garage. The area is not economically depressed. We can't figure out any ideas to sell it (without a dramatic drop in price) --Bryan C. DEAR BRYAN: The primary reason a home doesn't sell is it is overpriced. Or, maybe you have a "bad agent" who isn't effectively marketing your home in the local MLS (multiple listing service), newspaper ads, Internet Web sites such as, and networking among local agents. Purchase Bob Bruss reports online. Frankly, if I were the listing agent and weren't able to get a purchase offer within 18 months, I would be very embarrassed and ready to find another line of work. If you are a motivated seller in this buyer's market, it's time to bite the bullet and slash your asking price. Ask your listing agent to prepare a ne...