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Old 02-13-2020, 01:38 PM
 
3 posts, read 1,844 times
Reputation: 10

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Having trouble finding buyers in my small town for a big lakefront luxury house. Local realtors are not of help because all they would do is list it in local MLS where no one has the resources to buy it. It's ideal as a retreat, rehab center or a weekend get away but am having trouble finding the right buyers. Appreciate any help in marketing. Please don't send realtor recommendations. Have tried that for the past EIGHT years, but no one wants to take up the challenge. Hometown realtors don't have the initiative to do creative marketing and out of towners don't want to put in the effort to drive here. PLease help. I am now retired and my house is too big for me. I specifically would like to market to people in the rehab business , small businessmen in nearby big towns and luxury Bed and Breakfast operators. TIA for all your input.
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Old 02-13-2020, 02:20 PM
 
Location: Boydton, VA
2,687 posts, read 3,376,463 times
Reputation: 5074
I feel your pain...I went thru that in 1980, trying to sell a unique but remote property in the Ozarks, I listed it in 6-8 major city newspapers across the country, hoping to spark some interest.... with zero results. In the end, a local realtor sold it for way less that I wanted, but he did sell it. You might try the Louisville/Nashville markets...plenty of disposable income in Nashville.

Regards
Gemstone1
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Old Today, 08:09 AM
 
Location: My beloved Bluegrass
15,623 posts, read 11,318,624 times
Reputation: 21068
You are very unlikely to get what you think the value of your place should be. This is true any time you have a property that local people can not afford. No one should build a luxury home on cheap acreage unless they are planning on be there for decades - seriously. If you live there only a short time you are pretty much guaranteed to have to sell for under the cost. I could give you links to multiple properties in the state of a Kentucky that are selling for less than $200,000 that if located elsewhere would easily fetch well over a million.

I understand your frustration. This has been a discussion my husband and I have had many times in the last year. Right now we are building a house that I know would be difficult to sell without losing money if we don’t stay at least five years, but it is supposed to be our final home and we want the features we want.
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When I post in bold red that is moderator action and, per the TOS, can only be discussed through Direct Message.Moderator - Arkansas & subforums, Asia, Kentucky & subforums, Military Life, and P&OC
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