by Roberta Murphy Peering into the future, it is nice to imagine a home that is smart in every sense–and inviting to all. Sunset Magazine and Popular Science recently team-conceived the Idea House, the House of Innovation , in Alamo, California. This intelligent $5 + million smart home provides a trajectory of design and technologies that will end up in homes of tomorrow. It is loaded with sustainable materials and…
by Roberta Murphy Some of the more difficult listing appointments our group encounters these days are ones that involve short sale conditions. In this situation, the seller owes more on the property than what it is worth in the current market. A year or so ago, we were having to explain how short sales worked to anguished sellers. These days, sellers call us, say they are underwater with their mortgages,…
by Roberta Murphy I just returned from a meeting of top real estate agents in North County San Diego. There was much discussion about what is selling and what is not. Aside from market issues (luxury home market is strong here and multiple offers are not uncommon for buffed homes in the $1.5 million and up range), the issue of home presentation and staging was at the very top of…
by Roberta Murphy Real estate pricing has become a minefield… particularly for homebuyers and homesellers in volatile markets such as California, Nevada, Arizona and other former hot spots. As real estate markets shift, the old comparable sales model for offers and pricing may no longer be quite so valid–and could in fact be dangerous. If sellers overprice their properties–based on prior sales that may have occurred some months ago–they run…
Thinking of buying a well-located $1 million luxury flat in London, Paris or Tokyo? Think you’ll get a bargain?Think again: 1. In London, you’ll get 328 square feet. 2. In Paris, you’ll do better with 522 square feet. 3. In Tokyo, you can really spread out with 594 square feet. These are averages reported by the most recent issue of Forbes magazine. The weakened dollar against the Sterling, Euro and…
by Roberta Murphy There is a class of homes that can only be called, for lack of a better word, the ultimate. These are the extreme and exceptional estates that are among the most expensive in the world. To call them luxury homes is an understatement. These properties have singular presence and price tags that now exceed nine figures. This year, all barriers were broken. Donald Trump’s lavish seven-acre estate…
