Question about real estate bidders

I agree that at first glance, having a home on the market for a year would indicate that something needs to change to get it sold. However, in this case, my instinct tells me that a buyer will come along. Originally, I had it listed for 9 months with a realtor who was a family friend- big mistake on my part. Since re-listing in Oct with a different realtor it is at least being shown and is getting a lot of internet exposure. The market is still slow, but showing signs of picking up a bit, so we'll see what happens in the next few weeks before we make any changes.

Another case, a couple of years ago I had a 40 acre parcel for sale. It was also somewhat unique as far as it's location (remote), and the market then was just starting to slow down a bit. We turned down several low offers. I had an appraisal done and priced the property at the appraised value. Well, the people who wanted to buy it could not afford what we were asking, and I did not want to sell it for less than the appraised value. So, we sat, and sat, and sat, waiting. Similar to this property in that all it cost us was property taxes. No loan or insurance to pay. Ultimately, we did sell the property, for $20,000 MORE than the appraised value. It just took awhile for the right buyer to come along.