79 Pecksland Road, was listed for sale at $4, 937, 500 in June, 2016, a price that remained unchanged for 396 days, before finally being listed for rent at $15,000. After just a few weeks, it has been rented at $16,000. I find it interesting that at least two people were unwilling to buy this house, but were willing to rent it. I'm assuming that someone who can pay an annual rent of $192,000 can also afford to buy a $5,000,000 house, but both bidders chose to rent.
This home's previous purchase history offers a lesson: It was offered by Ogilvy at $5.495 million in 2002, and was sold for $5.4 million just 33 days later to another Ogilvy client. I'm certainly not suggesting that you decline an opportunity to be represented by an agent in the same firm as the listing agent, but you might not want to rush into a purchase contract before the market's had a chance to weigh in. Especially if that listing agent has a history of falsely claiming that another party is ready to buy it. Don't be pressured—there's always another bus coming around the corner.