Yet another price cut for this house on Richmond Hill

79 Richmond Hill Road, first listed back in April for $7.195 million has been marked down today to $5.795 — given its time on the market, even this new price is probably negotiable.

I liked the house in its previous, unrenovated version back in 2004 when it sold after 144 days on the market for $2,555,500; nice house, good siting, my client liked it too but he didn’t buy it — as it turns out, he was a delightful gentleman, but after looking at houses with him for 18 months without success, a friend/fellow agent alerted me that she’d worked him for over a year before they’d parted ways; she agreed with me that he was a great guy and well able to buy anything he wanted, “but I think he may have a screw loose in his head — he looks, he likes, he won’t commit”. Such is the life of a real estate agent, especially one new to the business and who hasn’t learned to spot and weed out the “looky-looks”.

(In my defense, I’ll point out that I wasn’t a complete, nieve moron back then — after all, I’d already spent many years practicing the lawyer scam — but this non-buyer was intelligent, well-read, and fun to be with, so I went on house tours with him long past the time I knew I was wasting my time. In fact, I never had the heart to fire him as a client, so I was relieved when he finally pulled up stakes and moved to California, where no doubt he drove agents in the Golden State crazy — my gain was their loss.)

Reluctant buyers aside, Richmond Hill Road has always been a tough sell, as several spec-builders have learned to their sorrow. Spec-builders, and those who bought from them at the height of the boom twenty year ago.