You gotta love when you pick up some clients in the “price is not an issue” category (thanks to this blog mind you), a good opportunity like 2712 Broadway (7 bed, 5 bath, Gold Coast Single Family Home originally asking $9,495,000, immediately reduced to $7,750,000) comes along while your clients are on vacation and unreachable, and they come back and ask, “What happened?”
We know what we’re doing, what would you suggest?
–2712 Broadway [sfnewsletter.com listing detail]
2 thoughts on “Stolen Thunder: 2712 Broadway In Contract, What To Do?”
First, congrats on the new client.
Second, can’t beat yourself up on this one. And your clients shouldn’t hound you either.
Third, I think you need to get in touch with the in-crowd and offer up some incentive to show you a few pocket listings. The steal would have been to find this place pre-MLS and cut a deal. There are a number of sideline properties.
Fourth, and most creatively, I’d post up a specific thread here asking for leads on pocket listings of a certain $MM variety. Could very well lead to 2 sided deal, or at least you could find a seller who might want to save 3% on a $8M transaction by dealing with your buyer directly through you. I suspect more housewives, homemakers, and homeowners in D7 read this site and might very well ring you up. :-)
There’s gonna be more such as this one. OK, maybe not on Broadway. They knew this house needed a lot of work, right?