A Paris, 5/3/2, 2700+/- sq ft, golf front, in Bay Hill, that was on the market for sale for an amazing 891 days was just rented out. It was placed up for sale originally at $579,000 and most recently was listed at $344,900 when the owner decided to rent it out. This owner has been through 4 or 5 agents and has probably left well over $100,000 on the table by "chasing the market down" rather that pricing correctly. It could have been the result of bad agent advice/skills or a stubborn owner or the deadly combo of both!
Either way, this poor owner now has tenants in a home that will most likely be worth less in a year when the lease is up and he wants to sell again.