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Need Tips for Marketing High-Priced Unique Property

By
Real Estate Agent with Prudential Homesale Services Group

I will be getting a new listing soon. It is a gorgeous, one-of-a-kind home, professional office and guest quarters designed by a local architect.  The trio of buildings are entwined harmoniously with the natural surroundings.  The interior design boasts cherry cabinets, marble floors, top-of-the-line professional appliances, and clear story windows, etc.

My challenge will be to merchandise this unique property and to reach buyers who can both appreciate and afford the near one-million-dollar asking price.  In our region, contemporary homes tend to be much less popular than traditional ones- especially new-builds. The "bigger is better" mentality seems to be prevalent.  Additionally, it will take a very discerning buyer to appreciate the intrinsic architectural deisgn elements.

What can I do to market this beautiful property effectively? The owners understandably don't want browsers or curiosity seekers to be parading through their home. I am creating "business cards"  with a photo of the property and my contact information...for starters.

Posted by

Roseann

Comments(3)

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Dagmar Sands
Real Estate International, Inc. - Johns Creek, GA
International Real Estate Agent, CIPS, FIPC, ABR

Roseann, what you can do is create your own group of professional agents that specialize in
higher priced properties.  Invite them for a brunch to showcase the home to them.  Then as
they preview the listing have them fill out comments on a feedback form to give you their
opinion whether you are priced correctly, what their impression is and ask them WHO DO THEY
KNOW THAT MAY WANT TO BUY THIS PROPERTY!  Making them think about it - may produce
a buyer.  It has worked for a group like that which I started in Atlanta and led for 6 years
called "POWERHOUSE".  We loved the concept so much that we met every month for 6 years.
I would also start marketing the property to the Europeans.  Whe the Euro being strong and
they love contemporary - I bet your buyer will be someone from Europe.  You can do this
through FIABCI (check out www.fiabci-usa.com) and you can join the FIABCI-USA Luxury
Properties Group where you will be able monthly share ideas with agents from all around
the U.S.  You can send broadcast e-mails to the Europeans through our system. 
Having a great photography - Ilya's Photography is great - to take professional photos,
doing a great virtual tour and also PowerPoint presentation will be another way to feature
this home.  On our last months call an agent that sold a multi-million dollar home told me
they used Craigslisst.  That surprised me but why not?  Exposure is the KEY to selling your
new listing.  Good luck and you may even want to send me a link and I will be happy to
see if anyone from Atlanta, GA  is moving to yoru area and refer them to you. 
Thanks, Dagmar Sands - Real Estate International, Inc.

Jul 13, 2008 03:07 PM
Larry Bettag
Cherry Creek Mortgage Illinois Residential Mortgage License LMB #0005759 Cherry Creek Mortgage NMLS #: 3001 - Saint Charles, IL
Vice-President of National Production

I do a lot of high end financing.  You should talk with a high end expert in our area that specializes in homes over 1,000,000.  Jay Rogers....630-377-1400.

Jul 13, 2008 03:15 PM
Double End Domains
21st Century Websites, LLC - Brea, CA

Hi Roseann...congratulations on the high end listing...what I'd recommend to give your property that extra little push over the horizon is a single property website from DoubleEndDomains.com where the goal is to maximize the internet's potential and earn both ends of the transaction.  This link is to our demo page where you can some of our samples. The cost for one single property site is under $65 and I can help you customize it so it's truly unique and highlights your properties best selling points. The best part is you can create a fully functioning demonstration site for free and if you like it, then you purchase...not before. All sites come with a domainurl sign rider, 12 months hosting which will be nice for the length of time it could take to sell a high priced property and several great features. Contact me for more info or any questions. Best of luck to you.

Jul 13, 2008 04:32 PM