It’s finally made it to the front page of the Wall Street Journal: home prices will not be recovering any time soon.
We believe this is especially true in the luxury space, as buyers are especially cautious and only willing to pay a price that they believe represents very good value. Buyers understand that prices are not recovering soon (yes, the word has gotten out!) and so they realize that their purchase of a luxury property (especially a second/third home) is consumption not investment. This is a very significant change from the pre-2008 period when buyers expected to make money by buying a luxury home.
In this new world, sellers need to realize they are “Waiting for Godot.” And the waiting is only causing them to pay more to carry the house as prices keep falling.
Your best offer is today’s offer. We can deliver that offer TODAY so you can stop waiting. See how we do it. Download the Ultimate Guide to Selling Luxury Real Estate:
