Luxury homes

[Rene Martinez]

Good afternoon everyone! 

I seem to have reeled in a shark while fishing for a catfish. While marketing to absentee owners I got a call from a seller who has decided to move back in his old house and sell his new house. The new house is a million dollar home (at least from what I can gather from redfin) and the seller has it listed with an agent but the listing agreement has expired as he has been trying to sell for almost a year. He is super motivated and the MLS listing price reflects that already. This is all fine and dandy but this would also be my first deal. My question is how difficult is it to find a cash buyer for a luxury home?

[Jon Holdman]

I think you're mis-assessing the situation. Any property that's been on the MLS for a year is overpriced. Any seller who's willing to let their overprices property linger for a year on the MLS isn't motivated.