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Rainmaker
2,410,491
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

It will take a unique buyer, that doesn't care about the neighborhood and only cares about the home. You have a tough one for sure.

Make it a great week!

Apr 06, 2015 08:34 AM
Rainmaker
3,909,769
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

It will be a problem -- first of all will it appraise? Secondly, many buyers don't want to be the most expensive house in the neighborhood. Sounds like these home owners over-invested in their home and they probably won't pull out the value of that investment.

Apr 06, 2015 08:54 PM
Rainmaker
2,441,966
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

The appraisal issue would be your biggest problem.  You might try to appeal to a big ego buyer. Like, Have YOU ever wanted to appear the Rich Kid on the Block? Now you can!"

Apr 06, 2015 01:20 PM
Rainmaker
1,092,992
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Those features are all well and good Shanna Day Mega Team Leader (AZ & UT) however they'll never see the value returned. I suggest that they watch one more movie, play a little racquetball, walk the grounds, get in a wii workout then sit and play a game of Monopoly with the family in the play room. They should be able to move on to the new adventure after that.

Apr 06, 2015 10:56 AM
Rainer
19,706
Audrey Black Maine
Mount Dora, FL

I agree with everyone else. Just be up front with the seller and tell them it could take longer than they hope to sell due to it's uniqueness because it will require a buyer just as unique. Someone with cash (since it won't appraise if it's comps are much less) and someone who desires the home and its amenities and not the neighborhood. Good luck! 

Apr 06, 2015 09:13 AM
Rainmaker
4,799,356
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

If it's worth it, explain why.

Aug 31, 2018 07:47 AM
Rainmaker
629,951
Ajay Pandya
e-Merge Real Estate - Columbus, OH
Realtor Ajay Pandya

Just list!

Apr 03, 2018 10:34 PM
Rainer
66,214
Evelyn M Epperson
Coldwell Banker Residential Brokerage - Johns Creek, GA
A Tradition Of [Excellence, Trust & Service]

Hi Shanna,

You are stuck between a rock & a hard place.  As a seller they should have not upgraded their home to be the most expensive home in the subdivision.  If you can not sell it you can only get buyers off the listing .

Apr 09, 2015 01:30 AM
Rainmaker
1,445,027
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Shanna Day Mega Team Leader (AZ & UT) Homes that are over built for the neighborhood are often difficult to sell. It may be worth for example $500K, but it is still located in a $350K neighborhood.

Apr 06, 2015 11:22 PM
Rainmaker
4,433,483
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You will find a buyer who is looking for these amenities. But it will take time.

Apr 06, 2015 09:39 PM
Rainer
185,654
Kyle Reyes
The Silent Partner Marketing - Manchester, CT

Thanks for the eye and shoutout on this one, Praful Thakkar.  I completely agree.

Worst case....double the insurance policy on it and higher Praful to torch it.  Pay cash, of course.  :)

Apr 06, 2015 08:32 PM
Ambassador
2,759,387
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 Good morning. I do have to agree with Joe's answer. It's about the property and not about the subdivision. Still, it's hard to come up with the comps.

Apr 06, 2015 06:46 PM
Ambassador
4,312,167
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Shanna Day Mega Team Leader (AZ & UT) - unique home demands unique marketing. Suggestion usually would be - think outside the box! However, I'll suggest, just throw the box away - and find out who could be right buyer for this home.

Oh yes, I can say, Aerial photography, video, twilight pictures and what not! Think even beyond that.

Kyle Reyes wrote a post about how he sold his home - unique marketing brought the unique buyer. Not to mention, his marketing helped him net more. So why not hire a special marketing person for this project? It's worth - and think of it, if you receive a referral of another $3M home.....

Talking to the sellers and making them understand is of course, an easy way out - Safeway perhaps? However, you have a great challenge - prove yourself!

Apr 06, 2015 12:23 PM
Ambassador
3,986,518
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Did the seller add the amenities, did the neighborhood go down? I like to ask the seller why they bought the house and use that to market and find the next buyer.

Apr 06, 2015 12:02 PM
Ambassador
1,124,997
Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239
Real Estate One - Commerce, MI
Michigan homes for sale ~ yesmyrealtor@gmail.com

You need to find another buyer like the seller.  Think about who the seller is

Apr 06, 2015 11:24 AM
Rainmaker
222,443
Foster Smith Summerville
Carolina One Real Estate - Summerville, SC
Summerville & Charleston Homes for Sale SC Realtor

I would educate the seller and if they will not agree to a correct list price, I would not list the property.

Apr 06, 2015 10:34 AM
Rainmaker
895,788
Shanna Day Team Leader AZ & UT - Call 480-415-7616
Keller Williams Realty EV (AZ) & Keller Williams SLC (UT) - Mesa, AZ
Top 0.33 percent of 39,000 Realtors in our MLS

Joe Petrowsky - very true - cash too I suppose. 

Apr 06, 2015 08:39 AM