Dennis Quaid or Ozzy Osbourne: Who's Ready to Sell?
First we have Mr. Heavy Metalist and Mrs. Osbourne
(pictured at far left) occupying perfectly good space in the MLS with their Malibu home -- previously listed in June at $9.5 million -- back on the market at a "reduced price" of $9.45 million. That's $50,000 off nearly $10 million. Big whoop.
And the very next day, along comes actor Dennis Quaid (pictured with wife Kimberly Buffington) who lowers the price of his Pacific Palisades home by $4 million
. A price drop from $13.9 million to $10 million since June signals a motivated seller to me. And since this is the second major shave-and-a-haircut -- it came on the market in March at $16.9 million, make that motivated with a capital M.
In the catchy slogan of the day category -- and I don't mean "pass this bill" -- 2011 is going to be known as the "let's move on" year. Sellers who want to move on, no matter which side of the velvet ropes they stand on, are going to pull a Quaid.
(There is another school of thought that should be acknowledged here -- one put forth primarily by grumbling real estate
agents whose clients won't listen to them -- and that is that some listings may have been overpriced to begin with and big dollar price drops are just indicative that they started out too high and unrealistic. Acknowledgment over.)
So what will a check for $10 million in Dennis Quaid's hand get you? A mighty nice gated French Country eight-bedroom estate on two acres. Check out the photos here:
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