Rounding Errors

Is a rich Seller a less motivated Seller?

After all, to a billionaire, what difference does it make if their oceanside estate fetches $21 million or $17 million or $23 million?

Can you say, “rounding error?”

Certainly, that describes the mindset of some affluent homeowners (ditto for very large estates).

However, all that wealth can just as easily promote the opposite mindset:  “we hardly need the money . . . we’ll wait till we get our price.”

In fact, that patient, hardline stance is often how the very rich became very rich (a rising market also helps).

So, which is it?

Your Realtor will be able to tell . . .  🙂

See also, “The Downside(s) of Working With the Super-Rich (or so I hear).”

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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