How to approach a seller that pulled their listing

[Jeremy Dockendorf]

Hello,

Curious what your thoughts are on how to approach a seller of a single family home (farm) that just pulled their listing off the market a little over a month ago. The property is a house on 40 acres with several outbuildings set up for equine. It was listed from Sep-Jan at $775k but I think it’s been unoccupied since May. I’m struggling to figure out what the real value is because it’s a little too unique for my area for me to be able to find any comparable sales (but I really don’t think it’s worth 775). I know that I would need to get the price down to at least $650k or less to make the numbers work as an income generating property. My wife and I are wanting to use it for a couple business ideas, namely equine boarding and hosting weddings/events. The current owners actually live in a different house just a couple places down the road. So we know where to reach them, but not sure on the “how”. Since financing is a big concern (as we may need to get SBA funding for some of this) we are thinking maybe C4D could be an avenue to approach them with?

I know there’s a lot of ambiguity and unknown here, but any advice for this newbie on how to approach the sellers would be greatly appreciated!

Thanks, Jeremy