A home that was featured on a TV show "Million Dollar Listing" did not cause the home to sell. The Newport Coast home on Bravo TV with an asking price of just under $10 million did not sell. The show featured a big fight over the difference between that price and the $8 million cash offer. The TV show did not sell the home in Pelican Crest went to foreclosure a few weeks later.
The Realtor who made the offer was selected by the bank to list the property and sold it for $7,050,000.
There were some problems in the sale the basement filled with water and had be be repaired at he tune of over $200,000 which lead to a price drop.
The owner who lost the home called the cash offer of $8 million "ridiculous. So what should have been a sale if the owner accepted the offer ended up a foreclosed property and the TV show did not sell the home.
Comments(10)