In the stratosphere of real estate, logic breaks down.
When it comes to selling real estate, price is everything. Whether a $5 million mansion or a $100,000 fixer-upper, asking prices are usually based on a mix of comparable property listings and sales, house and land size and the property’s condition.
But logic often breaks down with the highest-end trophy homes. By definition they are unique, sometimes one-of-a-kind places for which few (or sometimes no) comparables exist. Value becomes highly subjective. An uptick in trophy home demand has led to a surge in listings by owners who are not necessarily pressed to sell, but would do so for the right price. Click through for some amazing top-of-the-market homes.
* All funds in USD.
Bank of America has agreed to pay a record $16.7bn (£10bn) to US authorities for misleading investors about the quality of loans it sold.
Date 2 hrs ago, Duration 1:41, Views 31
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