No offense, but even though in your opinion, the homes may not be worth the million plus fee, there are plenty who are buying these homes for which the price is clearly not an issue...and it is those buyers who are setting the price. Everyone wants a bargain, but housing is rarely if ever considered a bargin by a buyer at th time of purchase. Always, the home is deemed a bargain in hind sight...the rear view mirror look.
You can minimize financial impacts by using a discount agent when buying and selling, but you won't really know the housing market or be able to judge the relative value of your home until some time has passed. So your best strategy is to buy the best home you cn afford, minimize buying or selling costs with good loans and discount realtors, hold on to the property for a t least five to seven years and then assess the value of the investment. Like any good investment, control those costs that you can control, and buy good product to minimize risks and maximize gains.
Allison James Estates and Homes
Buyer Rebates and low cost listings