This story recounts the experience of Scheryl W. Glanton, a real estate agent from Philadelphia, as she faced challenges selling a large house in a sought-after suburban area. The Tudor-style property, listed for $1 million, received a lot of interest but no offers. Feedback from buyers’ agents indicated that potential buyers felt the house was “too much” for a single family.
After months of no traction, Glanton had a pivotal realization: the layout of the home was ideal for multi-generational living, featuring two wings, separate entrances, and ample bedrooms. With this insight, she decided to re-market the home to appeal to families looking to live with parents or grandparents.
By lowering the asking price to $875,000 and targeting young families, Glanton saw immediate interest. Within a day, she received two offers from multi-generational families, ultimately selling to a couple moving from Los Angeles with their children and aging parents.
Glanton concluded that the trend towards multi-generational living is growing, reflecting changing lifestyle preferences and needs in the housing market. She notes that this shift is not merely about affordability but about lifestyle choices, especially regarding childcare and eldercare.
