A lot of top celebrities across the country sold their homes to eager buyers. Although some of these homes are selling for significantly below the list value and slower than “normal,” it is still evident that celebrities are rather successful in listing their properties and selling them in a rather timely manner.
When it comes to recent celebrity real estate transactions, Justin Timberlake and Katy Perry have all been rather successful in parting with their listed real estate; however, even some of these hot celebrities have experienced the effects of a buyers’ market and quick house sale.
Pop star Katy Perry has made a name for herself over the last few years with her music hits. She and her husband Russell Brand decided to upgrade to a new Los Angeles abode and sell property quickly (Los Feliz estate for $3.3 million). Brand originally purchased the home for Perry when they were only dating, but has since decided they need a bigger place since their marriage.
One thing is certain – these homes are not typically selling without heavy bargaining and negotiation, as is very common in the current real estate market. Despite the buyers’ market, these celebrities have a few things working in their favor, including the name which will contribute to sell property quickly.
Justin Timberlake is well known across the music business and also famous movie star. Timberlake recently parted with his posh TriBeCa pad and he offers its property on prospective home buyers for a mere $4.7 million—over 10% below the original listed value. In the end, Timberlake only took a minor loss on the condo.
Most of the Americans desires are to have status, which many attribute to what you have. It is not shocking to see that many of the American citizens are deep in credit card and loan debt as they strive to have the most and the best. This mentality drastically increases the ability of hot celebrities to sell their homes despite the recession. Property buyers all the time follow the situation regarding the sale of celebrity’s houses.