A charming home in a coveted Oakland neighborhood almost sold last year, even though the market for high-end listings was challenging at best.

The sellers selected a list price that their agent thought was good for the market. Two offers materialized, one at the asking price and one for $20,000 more. The sellers had their mind set on a higher price, so they refused both offers and eventually took the home off the market.

After realizing they’d made a mistake, they offered their home for sale again this year at a lower price to reflect changes in the market. A deal was negotiated, but it wasn’t easy. The buyers initially offered $125,000 less than the list price. It took more than four weeks to come to a final agreement. The transaction closed, but the sellers sold for about $100,000 less than they would have last year.

Full story is availalble on San Francisco Chronicle