Originally Posted by Steve Bruzonsky
Didn’t have to give away that!
I think what helped is it was on the main floor and did not overtake a family room, living room, etc. this was a separate addition without sacrificing other ‘more important’ areas of the home.
Moreover, the buyer was well healed. Wrote a check and didn’t try and negotiate the price I was asking for alll. .
He was a unique buyer but the realtors told me that all serious buyers (we had 3 offers) wanted the theater and thought it was an asset.
We marketed the theater as a ‘one of a kind’ build and implementation that spared little cost and was fully professionally designed and built by an out of state company - as no local retailers had the capability. So, we positioned it as a theater so upscale, none of their friends would have one. For some, the exclusivity was a factor. The realtors ran a 5 min demo loop for each showing - programmed for maximum bass and surround activity
. Fortunately, the house was under contract within a week. Hot market out here.
Now, the cost of the theater was a pretty small percentage of the home’s price. I suppose, if the theater and equipment were 10%-20% the cost of the home or more, the sale might be an issue.
Worked out great for me and the buyer. He loves the theater!