Burt Reynolds purchased the home built in 1975 with 3.39 acres 5 bedrooms and 7 baths on 3.35 acres with water frontage on Hobe Sound, Florida for $700,000.
A combination of divorce from Loni Anderson, some investment and career issues resulted in his decision to list the house for sale in 2008 for $13 million. It was later listed again for $15 million.
Described as perfect for a large home library....others may considered some decluttering and staging in order.
Fast forward to Labor Day weekend 2015...the house sold for a reported $3.3 million....the buyer says he can continue to live in the house as long as his rent payments are current.
Life happens....and updates may not...either with the house itself OR the price. Setting the price above the market....having another agent list it still higher....and hanging on to the last listed price of $4.9 million...got a sale price far less than it may have gotten had it been listed at a price that the market would bear almost a decade ago.
It is never about the price that the Seller thinks he/she/they "need"....not the one that they really "want" but what the market says....for the condition and location.
Sometimes homeowners see the market decline....dated condition...as things that happen to someone else...people can have a tendency to see things as they wish they were...not as they are in reality.
Realtors have a professional obligation...regardless of the "celebrity" of the owner...what the Seller says they need...what they want to realize in terms of profit....to give the Seller an honest evaluation of the price....unfortunately, that is not always the case.
If you or anyone you know has had their house on the market a long time, has listed and re-listed their home with a variety of Realtors and is ready to listen to the price they have to hear...which may not be the price they want to hear in southeastern Wisconsin, Call the Hansons, we are honored to be of service.