Comments on: Sometimes a Luxury Home Just…Isn’t

By: Roberta Murphy

Roberta Murphy — Thu, 20 May 2010 14:36:51 +0000

Carmen: Have heard those deprecating remarks about Home Depot finishes before. Buyers of luxury homes expect luxe surfaces, upgraded appliances and professional construction

Yvonne: Location, location, location–yes?

Michael: I agree–and recall how Sotheby’s was raked over the coals in Northern California for taking a mobile home listing (even though the value was in the land).

By: Michael D Harris Jr of Ardynn PR

Michael D Harris Jr of Ardynn PR — Tue, 18 May 2010 15:34:44 +0000

This is great advice to all realtors when taking a listing appointment. Remember just because you can have the listing, does mean that is will be good for your personal brand. We mut always be looking outside the box and ensuring the we see clearly how our actions will reflect on the brand itself. In an agents ase this may not be the brokrage, but their reputation.

By: Yvonne Russell

Yvonne Russell — Fri, 14 May 2010 19:50:15 +0000

I turned down a listing that was actually a “luxury home” with all the amenities but it is sitting in the most depreciated area of the city.

By: Carmen Brodeur

Carmen Brodeur — Sun, 09 May 2010 05:31:07 +0000

Just showed a client a multi-million dollar “non-luxury” home today. My client kept commenting on the “home depot” finishings in the home – how disappointing for everyone. Good thing you turned it down. Would have just been a drain for you.

By: roberta murphy

roberta murphy — Fri, 15 Jan 2010 00:23:36 +0000

Valerie: Somehow we expect a golf course home with over 7000 square feet to be–at a minimum–a luxury home. Your example could go into appraisal textbooks. Lender and buyer beware!

By: Valerie Crowell

Valerie Crowell — Thu, 14 Jan 2010 13:15:39 +0000

We just got an asset that falls into this category. The bank thinks it’s one thing, since they lent the guy a couple of million. Except they really should have looked at it. Grandma’s a tear down. Functionally obsolete, squirrelly add ons and no updating since the 70’s. Jack Torrance vacationed at this place. That’s not counting that if the termites ever quit holding hands the thing would collapse. I gave them a land only valuation and they went nuts. Land is worth close to a million but house is a liability.