Wealthiest Home Buyers Say Size Doesn't Matter
If you're a real estate agent with fabulously wealthy clients, the next time you have a potential buyer traipsing through a home don't blather on about the flowing square footage of the place.
They don't care.
Or not that much, anyway. That's right: despite all we hear about the super-sized palaces of corporate honchos and celebrities and legal battles over those zillion-room mansions in Greenwich, Conn. and Silicon Valley, it appears that size isn't the most important consideration to the rich when they're buying a primary residence, according to an annual report on such matters from real estate-brokerage firm Knight Frank and Citi Private Bank Wealth Report 2010, as relayed by the Wall Street Journal's Wealth Report.
What do the wealthy care about?