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Marketing the High End Home

By
Real Estate Agent with Berkshire Hathaway - St. Augustine

I have a listing presentation scheduled for later this week in St. Augustine, Fl.  Currently the home is on the foyermarket for almost $2.5 million.   I am co-lister on several higher end properties, and frankly the more expensive homes for sale haven't been selling.  My experience is that they eat up alot of my real estate budget (time and money) with no return on investment.   I would love to hear from you:

 

1. how is the high end real estate market selling in your area

2. since each property is so one-of-a-kind, how does one appropriately price them?

2.  Is a higher end home worth taking?

3. What kind of marketing ideas are being used and to what sucess?

 

I am in a fact-finding phase and excited to see what responses might come my way.3708 Waterway Court

 

 

An Marshall, REALTOR

Prudential Network Realty

Extremely Full Service

www.AnMarshallOnTheMove.com
view my blog

email:an.marshall@prudentialnetworkrealty.com

www.824tidesenddrive.com

 

Monique Combs
Royal Shell Real Estate - Bonita Springs, FL
Royal Shell Real Estate - Monique Combs

An,

The higher end is also tough in Southern Maryland. Pricing the home is key on these big ones. The consumer's are savvy. The Internet is the way to go in my opinion and international marketing. Craigslist amazes me. I have had many waterfront buyers come for their. Best of luck for a quick sale.

Jul 08, 2009 01:06 PM
Sandra White
John L Scott Real Estate - Port Townsend, WA
Experienced Residential Resale Broker

An, that is a mixed bag, because in the Seller's type markets you can make so much more money on a high end home, than you can on lower end homes and that spirals with referrals and more listings from the neighborhood, but the expense can take away a lot of you commission.  I have spent a lot of money on printing expensive slick brochures, and print ads.  They usually want the Wall Street Journal, NY Times, etc.  Also, marketing quanity in lower priced homes, if one falls out it doesn't wipe you out finacially.  I would say any listing that is priced right is a good listing, but in this market who can tell what that is.  I would get a long listing if I were you and make sure the Seller is realistic.   This is all pretty obviuos stuff, but at least you know I read your blog and I feel your pain.

Jul 08, 2009 01:10 PM
Margaret Woda
Long & Foster Real Estate, Inc. - Crofton, MD
Maryland Real Estate & Military Relocation

Who doesn't want a high-end listing?  But reality sets in after it's signed.  Expensive and time-consuming!  Pricing is just not where sellers think it should be - that's the hardest part, as I'm sure you know.  'Looking forward to seeing your online marketing for this property when you get it listed.

Jul 08, 2009 02:31 PM
Anonymous
daphne

High end Construction is great because it makes your houses value worth more.

Not only do you have a nice beautiful home but at the end you get your money back.

This company beautified my home. Check them out.

 

Jul 10, 2009 02:20 PM
#4
Anonymous
daphne
Jul 11, 2009 02:41 PM
#5