Stealth Real Estate Sales: How The Rich Buy Their Homes In Secret
What I heard at a very interesting real estate talk this afternoon confirms what I wrote in Park Cities People: $87 million in Dallas sales since September, 2008 have been of homes not even in the MLS — twelve pricey properties, the lowest priced at $2.5 million. Appraiser Brad Edgar, Edgar Appraisal Services, who appraised them, told a group of agents and mortgage bankers that high end sales in Dallas are quite healthy, just under the radar.
“There were two on Daria Place,” he joked.
Then Brad treated us to the inside story on a home he was asked to appraise several months ago. It was an assignment he now says should have tipped him off: he was asked to appraise two homes on Daria Place last fall, one not on the market, and the broker was paying for the appraisals. He even walked up to the wrong house and started measuring.
“Guess they’ll get a discount if they ever decide to sell or refinance,” jokes Brad.
But something told him he ought to encourage his college-age daughter to accompany him — even though, after hearing about homes for the last 25 years, she was not terribly excited.
After December 3, however, Brad’s daughter became quite happy she went to work with her Dad for one day.
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The Stealth Real Estate are selling and its price is also so high, so how much rich persons are interested in buy their homes in secret we see here only..
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Friends of mine sold their home on one of the most desirable streets in one of the most coveted areas of Highland Park after having lived in it for decades. The home was not on the market and one of Dallas’ best Realtors brought the buyer. “Hip Pocket” listings and sales happen all the time in the “bubble.” That’s why it’s important to go with a firm that knows the homes that are on the market…as well as the ones that are not on the market. [wink-wink]
wow. “I measured the Bushes house on Daria Place”… crickets… chirp… anyone… anyone…