Talk about lifestyles of the rich and famous. This 100,000 square foot Bel-Air mansion is getting ready to hit the market at a cool $500 million dollar price tag. Quick math tells me that this house is coming in at a mere $5,000 per square foot. What a bargain!
While it’s fun to dream about a house with it’s own night club and 4 swimming pools what stood out to me the most was a new term I just learned called “aspirational pricing” or over pricing your property above market value. Only time will tell if this deal of a lifetime sells for the full list price.
Tell me what you think. Will it sell? Are you going to start listing with “aspirational pricing”? As always I’m here to answer your questions so please reach out!
– Dave Kennedy