What the Wealthy Want in Real Estate

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Oct. 8 (Bloomberg) -- Coldwell Banker's Jade Mills discusses what the wealthy look for when shopping for a home. She speaks with Pimm Fox on Bloomberg Television's "Taking Stock." (Source: Bloomberg)


What is selling great now?

The houses that tended to be sailing are those that tend to be done.

They do not want to fix or spent time going in and remodeling.

They want something totally move-in.

They want to open the door and go there.

We have sold eight few homes totally furnished down to the silverware.

That is to be clients coming from overseas.

They want move-in, silverware in the door.

What is propelling this?

Are they trying to move their money from asia to the united states?

Is this safer?

A lot that people have said we think the united states is on sale.

Compared to their prices in china or compared to other prices around the world, we are a pretty good deal.

They are coming here.

They are buying maybe one house, two, i even sold one client three different properties.

Are the sales typically for cash?

They buy them all cash.

There are no loan contingency.

Because of the low interest rate they do tend to get a loan.

They make it a 50% loan if they are something for 10 million.

Money is so inexpensive right now.

Check your mental rolodex and give us an example of some of the residence is that you sold.

We sold a big house on sunset boulevard, 34.5 million dollars.

How many bedrooms?

It was not that many.

You think of a house like that being 12 bedrooms and 12 bathrooms.

It was not that large.

For beverly hills it was in a very large piece of land.

It was two acres.

Over 30,000 square feet of home.

That included a basement is a lot of amenities but not really that many bedrooms.

Only six bedrooms.

People love the big open, kitchen family room.

They're moving from the formal theatres to more casual theaters incident theater seats.

They want more like couches.

They love the land.

Everyone tend to want landis of the children can go out and play.

They can have friends.

These are the people that are going to live in these properties.



People are coming and buying overseas from all over the world.

Than there are people who are just moving around in our areas, beverly hills, bel air.

Right now we have two fabulous homes on the market that belong to celebrities.

We just listed the bob hope house in toluca lake which is on

This text has been automatically generated. It may not be 100% accurate.


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