This beautiful luxury Mediterranean home almost hit the auction block. I’m going to tell you why it didn’t, and how it was transformed into a house that will knock your socks off.
But first, let’s talk about why there are so many luxury properties sitting on the market. Guess what? It’s not the price point. We have plenty of money in this city. It’s because no buyer wants to update, especially when their wallet can easily tolerate building a new home to their exact specifications.
I took a quick look at Realtor.com last night and saw so many properties over $3 million that had been sitting there for over a year that I lost count. Almost every single one had the same problems. (more…)