Justin Bieber surprised fans and real estate agents Friday by announcing on Instagram his desire to sell the $8.5 million mansion where he and wife Hailey Baldwin live. In a late-night spree, the “I don’t care” singer uploaded more than a dozen photos of the Beverly Hills property with captions asking his 120 million followers to “make an offer.”
“I’ll sell it with all the furniture,” Bieber wrote under another photo. “MAKE AN OFFER.”
But even with Bieber’s massive following and fan base, trying to sell property on Instagram without an agent is a risky idea. We asked Beverly Hills agent Jade Mills to weigh in on why following Bieber’s lead and listing only on Instagram is a recipe for disaster.
View this post on InstagramI think I wanna sell my home in Beverly Hills who wants it.
Use virtual real estate to connect with buyers just about anywhere
See how one agent helps his remote clients in a second home market READ MORE
“Instagram is a good way to supplement and market a home but it is not effective when used on its own,” said Mills, the president of Jade Mills Estates.
Here, according to Mills, are three things to consider when listing a home on Instagram:
Non-targeted follower baseAs most agents know, a lot of eyeballs won’t necessarily lead to a sale — especially if most of the people you’re showing the house to are in no way qualified to buy a home. Even with Bieber’s enormous follower base — as of October 2019, he’s the 13th most followed person on Instagram — a sale is unlikely.
The response to the photos of the home speak for themselves. Hordes of followers replied with offers of $1, $5 and, in one case, “$150 and six chicken wings.”
“The reach that an agent has is far greater than just one avenue to advertise,” Mills said. “Although [Bieber] has many followers, we make sure that the people who are coming to see homes are actually qualified to buy them.”
Jade Mills
PrivacyMills had a chance to learn how private Bieber is in real life. Her team of agents had been working to sell a house one street over from Bieber’s Beverly Hills home when one of the star’s security staff saw the agents taking drone photos of the other home and immediately came over to ask what they were doing. Putting photos on Instagram so prominently is certain to attract those who want to come over and see where Bieber lives rather than buy it, Mills said.
“They saw the drone thinking that it was someone invading his privacy,” Mills said. “So I know that he is really private.”
PriceWith an estimated net worth of $265 million, Bieber may not be too concerned about getting top dollar for the house. Nonetheless, hiring an agent is still the best way for homeowners to ensure they’re not losing out on what the house is worth. In the heat of an instant online offer, sellers may not necessarily take the time to consider whether what they’re getting is indeed a good deal.
“It’s a beautiful new home and it is very desirable,” Mills said. “And I know that there are lots of real estate agents who could possibly have a client for that home.”
Source: click here
Loading ...