I'm a slippery little dude... (well, not all that little)...

benefits to the homeowner of an overpriced listing that fails to sell?

* The joys of having throngs of people wandering through your house during an open house.

* The joys of having to keep your home neat as a pin, just in case somebody makes an appointment to view.

* Those wonderful daily calls to your agent "are we there yet, are we there yet are we there yet?"

* You can look forward to those calls from your agent strongly suggesting that you should reduce your price.

* Looky-lou's knocking on your front door, because you have a sign in your front yard.

Shall I go on?

Maybe they just like having a for sale sign with cobwebs on it in front of their house; they like their Realtor's face so much they want it on their lawn for all to see?

Perhaps the seller is not yet ready to move right away and just wants to test the waters to see if any buyer loves the home as much as the seller has. Not likely to happen, but....

The real trick is finding an agent willing to spend their marketing money and time in promoting a listing that under current market conditions is not likely to sell.

None

I'm always at a loss with over priced listings

They are righteously disappointed in their agent and all of the buyers in their community for not recognizing the true value of their home! LOL

They don't want to sell but feel they have to make some sort of effort - for whatever reason. They can say "At least I tried...."

 Alan May gets the Golden Answer Award

None that I'm aware of.

None that I'm aware of unless they're trying to stall some action.

The owner gets to live in their house that they really didn't want to sell anyway.

None...not one thing! I think Alan May's answer is a winner.

Tony and Suzanne Marriott, Associate Brokers Only if you want to call learning a lesson from overpricing a property a benefit.

i thought about it , i supose the old saying bad press is better than no press.. is it any different than someone who was married , got divorced and is dating again? do we hold that against them? sometimes perhaps

I'm still laughing at Alan May 's response!  I see no benefits unless it's just a game to them and they for some reason enjoy the game. Why?  I have no idea of why they would. If they're not serious about selling who want the hassle of all that goes on with being on the market.

It depends on the situation as well as the market.  For example, by selling later the homeowner may make more money than if the home had originally sold at the originally overpriced amount.

Park and reading to see what everyone thinks.

They make some new friends?

It establishes an understanding of which indicates what  buyers  at that time will do using the methods used at time by the resources employed at that time under the existing circumstances at that time. IF one can not see ALL the pieces one is not in a good position to JUDGE the outcome.

That is just four I could think of in about six seconds. There are many other benefits, but I think the point is made clearly enough.

No benefit and certainly a lot of work on the agent's side for nothing.

Lots of unsuccessful salespeople out there, yet we still call them salespeople.

no good reason except lare ego