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.)

22 PHOTOS
See the Osbournes' Beach House
See Gallery
Dennis Quaid or Ozzy Osbourne: Who's Ready to Sell?
HIDE CAPTION
SHOW CAPTION
of
SEE ALL
BACK TO SLIDE

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:

69 PHOTOS
See Photos of Dennis Quaid's Equestrian Estate For Sale
See Gallery
Dennis Quaid or Ozzy Osbourne: Who's Ready to Sell?
HIDE CAPTION
SHOW CAPTION
of
SEE ALL
BACK TO SLIDE

Click on the images below to see other celebrity-related listings:

http://realestate.aol.com/blog/gallery/see-will-smiths-former-apartment/

More on AOL Real Estate:
Find out how to
calculate mortgage payments.
Find
homes for sale in your area.
Find
foreclosures in your area.
Find rentals in your area.
Read Full Story

Can't get enough real estate news?

Sign up for Finance Report by AOL and get everything from celebrity homes to renovation tricks delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

Find a home

Buy
Rent
Value
Powered by Zillow