John Keith ponders the case of some couple that put their house up for auction, then refused an $830,000 bid as too far under their $1-million starting price:

... Dude, you've already received the right offer. If you want to sell your home anytime this year, or possibly, next year, take the $830,000. Your property isn't worth $1.25 million, it isn't worth $899,000. It's worth $830,000 - what someone was willing to pay you for it. ...