Many people will move into a new house multiple times in their lives. In most cases, the move is brought about by a change in the former resident’s needs (e.g. larger family). However, this doesn’t mean that the house the soon-to-be-former residents have left behind isn’t desirable. In fact, such circumstances often provide homebuyers a chance to purchase real estate in highly desirable locations such as Malibu, CA.
Do you intend to buy a place by the beach or somewhere up in the Santa Monica Mountains? Choosing where to live in the ‘Bu is one question prospective buyers must answer, and discuss with their preferred property agent. As a general rule of thumb, house hunters should search for properties that are relatively close to basic services for easy access.
The vibrant property market in Malibu presents a great opportunity to explore your options. You can have ideas about a detached house or a number of condos, and your agent will brief you on which places are hot picks in terms of both desirability and resale value. Some open lots for future new-house construction may be worth a look as well.
Given Malibu’s status as a popular spot among celebrities and tourists, it may not be surprising that some properties in the area are worth tens of millions of dollars. When you scour the dailies, you may even notice some pristine listings going up for sale.
For example, a $4.1-million house that Josh Groban bought in 2005 first went up for sale in 2010 for $6.1 million. Cher, on the other hand, worked the spring of 2013 to sell Beyonce and JayZ her Italian Renaissance estate complex for $45 million, the same price she had in the first listing back in 2008.
Although purchasing the former home of celebrity has its appeal, places where you can experience the finer things in life need not be that expensive. The natural beauty of Malibu presents a number of attractive homes to choose from. Let well-established, local real estate agents in Malibu such as Josh Spiegel and Gail Copley of Malibu Real Estate Agents show you the way to your dream home.
Beyonce Buys Cher’s Malibu Mansion for $45 Million, Black Enterprise