Realtor drops home price $12,000 as clock ticks; no one buys

The clock ran for 124 hours and the price of the new home dropped about $12,000.

But still, no one bought it.

Jim Bible, a realtor, had come up with a unique idea that he thought would sell a home quickly: Start the clock, and drop the asking price by $100 for each hour it didn't sell.

Bible hosted a marathon open house that ran 24/7 for five days.

And he arranged for a couple of radio promotions, where he ran the clock ahead some extra hours to knock the price down further.

But only about 40 people showed up to the house, and after $12,000, Bible says he and the construction manager couldn't lower the price any further.

"We never intended to give the house away," said Bible, who noted the gimmick was an attempted inducement to get a buyer to make a deal.

The newly constructed home was originally priced at $194,000.

But Bible says he'll consider dropping the price back down to $182,000 if the right buyer comes along.