Home Seller Puts $100,000 Bounty on Buyers

Hawaii couple takes an unconventional approach to getting their properties sold in the down market.

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In another interesting housing-slump maneuver, a Hawaii couple is offering a $100,000 finder’s fee to anyone who can bring them a buyer willing to pay the full listing price for either of their two properties on the market.

From The Associated Press:

Wanted: real estate buyer. Reward: $100,000.

In a grim real estate market where homebuilders and sellers across the nation are offering incentives from Harley-Davidson motorcycles to wide-screen TVs, a Hawaii couple is upping the ante by offering a $100,000 bounty to anyone who can locate a buyer or two.

David Bangert and Linda Harris of Kailua listed their two high-end Hawaii properties on the market about five months ago with real estate agents, but amid a declining market and lackluster response, they recently decided to include a $100,000 reward for each property in hopes of locating a buyer soon.

"It's definitely worth it to speed up the process for us because we would like to have it over with," said the 62-year-old Harris, who wants to retire.

The couple's first property is a 2,500-square-foot, four-bedroom home on a 35,000-square-foot oceanfront lot in the Windward Oahu community of Hauula. It's listed for $1.7 million, down from the initial $2.3 million, and features a gourmet kitchen, stunning views of the Pacific Ocean from all angles and a stream that runs along side the property.

The second is a pristine, 38-acre undeveloped parcel near the ocean in the Keaau area of the Big Island for $1.2 million.