Quote:
Originally Posted by frayedends
It’s not just about paperwork. There’s a ton more marketing for a million dollar home. It’s on the market for much longer. Pictures are much more money for larger homes. A 300k house can sell in days after 1 open house. A million dollar home can take 6 months or even much longer to sell. Not apples to apples.
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In Coastal Southern California the cheapest teardown house in a desirable area with even a small peek at the ocean is likely worth at least $3,000,000. A house there at that price could sell in hours with multiple backup offers within a day. Agents fall over themselves to obtain these listings.
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Last edited by manaboutown; 11-06-2023 at 09:41 AM.
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