'Listing Impossible': Aaron and Jen help widower Bruce Faber sell his multi-million dollar house

Bruce Faber's dream house, which has been on listing for 900 days, was designed by his late wife who died two years ago
PUBLISHED JAN 23, 2020
(CNBC)
(CNBC)

CNBC recently premiered with a new home improvement series titled 'Listing Impossible' that revolves around luxury real estate agent Aaron Kirman and his team who specialize in selling million-dollar listings that most find hard to sell. 

Returning on January 22 night for an all-new episode, Aaron and Jen meet Bruce Faber, a widower, who wants to sell his dream house that was designed by his late wife who died two years ago. In the beginning, his emotional attachment toward the house makes it difficult for him to let go of most of the things in the house but eventually, he comes around the idea.

On the other hand, Aaron's super hardworking and ambitious agent Arvin tries to sell an expired property in Hancock Park. This week Aaron heads over to Laguna Niguel, a suburban city in Orange County, with one of his most trusted agents, Jen. Aaron chose Jen to help him with this listing because she knows how to connect with the buyer and the seller. 



 

Called 'Morning Dove', this beach house is around 10,000 sq ft. It had 5 beds and 10 baths. It was built over two years ago and is filled with pentelikon marble that can cost up to $250 per sq ft.

The entire house was designed by Bruce's late wife Tony who was a former Miss California. It took years to build the house. But the couple never got to move into the house because Tony died right before that.

Bruce is the owner of XIV Karats in Beverly Hills and has always been in the jewelry business. The house has been on listing for over 900 days. He started out with the selling price of $16.9M and brought it down to $13.9M. But what he was not prepared for was Aaron's budget for the house and the issues the house had. 

Aaron and Jen were shocked to see the house as they entered. It was filled with marble statues of ducks in the driveway. The entrance had a massive sea horse fountain. Once you enter the house, it was like a whole marble zoo was left loose inside with turtles, elephants, parrots, monkeys and tigers placed all over the house.



 

Entirely white, the house lacked color and had problematic stage areas. Being a beach house, only the guest room was facing the beach, the master bedroom was just facing the backyard and was filled with hedges, making a bad view that prevents potential buyers from being interested in the house. 

Aaron then breaks down the issues to Bruce, sharing that the house lacks color, art and that it feels like a museum, not a home. He also added that there was a wrong scale of furniture, no ocean view, doors are blocked by statues and furniture, and buyers do not pay a huge amount for someone else's labor of love. Aaron, in the end, brought the budget to $10M and Bruce hiked it up to $10.9M.

But before they could put the house for listing again, they had to spruce it up and that cost Bruce around $57,000. In the end, they were able to sell the house to a beautiful family for $10.5M. Bruce has moved on to a newer house since. 

'Listing Impossible' airs every Wednesday night only on CNBC. Check your local listings for more information.

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