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Replies (5)
- Renee M Keshishian, "reneek1"
- Contributions:93
Wow. Tricky. Have you considered a reputable auction company?
I would suggest, if allowable, listing the property multiple ways at the same time. For instance as commercial, residential, etc. Hit all the possibilities at one time! It sounds like you need to make sure you have someone who has a track record of creativity and thinking outside of the box. You will need someone who has experience with more than your typical residential properties. If you are unable to find someone reputable on Zillow, ask accountants and attorneys you come in contact with for a referral.
You may also have to face the reality you may be looking for more of a return on the sale of the property than allowable at this time.
Best of luck.
I would suggest, if allowable, listing the property multiple ways at the same time. For instance as commercial, residential, etc. Hit all the possibilities at one time! It sounds like you need to make sure you have someone who has a track record of creativity and thinking outside of the box. You will need someone who has experience with more than your typical residential properties. If you are unable to find someone reputable on Zillow, ask accountants and attorneys you come in contact with for a referral.
You may also have to face the reality you may be looking for more of a return on the sale of the property than allowable at this time.
Best of luck.
- wetdawgs
- Contributions:26854
That is a tricky property. Forget the county assessment - they want their tax money to pay their salaries. It is worth what someone will pay for it and no more. I see several options but you have a very very tiny market:
1) A long long stretch would be to sell two residences on one piece of property
2) split the property and have
a) two separate residences
b) one residence and one commercial property
3) one property with one house residential the other house commercial
When you purchased it, was it two residences? What was your long term plan?
1) A long long stretch would be to sell two residences on one piece of property
2) split the property and have
a) two separate residences
b) one residence and one commercial property
3) one property with one house residential the other house commercial
When you purchased it, was it two residences? What was your long term plan?
- Sharon Lewis, "Sharon Lewis"
- Contributions:3923
When you purchased it, was it classified as Commercial?
Commercial can bring a lot more money than residential. Why don't you simply ask your realtor to put it on the market as a residential and see what kind of buyer you get. I think they are right though, dividing it into two properties would certainly reach a larger buying audience
Regarding value, if you are not comfortable with what you are hearing, pay to have it appraised by an appraiser. I think you will find the realtor's price was probably on target though.
This is a tough market, there are not a lot of people walking around with a million dollars in their real estate pocket right now. However, a wedding venue can always be a good source of income.
Best of luck to you.
Commercial can bring a lot more money than residential. Why don't you simply ask your realtor to put it on the market as a residential and see what kind of buyer you get. I think they are right though, dividing it into two properties would certainly reach a larger buying audience
Regarding value, if you are not comfortable with what you are hearing, pay to have it appraised by an appraiser. I think you will find the realtor's price was probably on target though.
This is a tough market, there are not a lot of people walking around with a million dollars in their real estate pocket right now. However, a wedding venue can always be a good source of income.
Best of luck to you.
- sunnyview
- Contributions:25139
I think that you need multiple MLS entries for the property. The county assessment is not important, but the way you describe the property to buyers is.
You also need to consider advertising your property as a business in local papers or in your nearest large city to attract people that might like to retire and run the business. Your agent can target the same type of publications that advertise bed and breakfast businesses since you have some overlap of your target buyer market in that group.
Unique properties like your can take longer to sell, but if you get them in front of buyers they do sell.
You also need to consider advertising your property as a business in local papers or in your nearest large city to attract people that might like to retire and run the business. Your agent can target the same type of publications that advertise bed and breakfast businesses since you have some overlap of your target buyer market in that group.
Unique properties like your can take longer to sell, but if you get them in front of buyers they do sell.
- Eric Bard, "Eric Bard"
- Contributions:65
The first question I have is how is your total property currently zoned? Second, is any of the zone classification grandfathered? You've already received several good suggestions from my peers. I'd suggest that the property be listed as "suunyview" suggested. Also, have you researched the possibility of subdivision? Talk to a knowledgable local full-time agent who has both residential and commercial experience. Good luck!
Why do realtors have such a hard time listing our property?
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