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	<title>Comments on: Petra Ecclestone Snaps Up Most Expensive US Home At Discount Price</title>
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	<description>With the latest on mortgages, refinancing, real estate &#38; home tips</description>
	<lastBuildDate>Wed, 16 Nov 2011 06:03:31 +0000</lastBuildDate>
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		<title>By: Spelling of tv &#124; Shopitsolution</title>
		<link>https://realtybiznews.com/petra-ecclestone-snaps-up-most-expensive-us-home-listing/9874001/#comment-18075</link>
		<dc:creator>Spelling of tv &#124; Shopitsolution</dc:creator>
		<pubDate>Tue, 19 Jul 2011 03:33:30 +0000</pubDate>
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		<description>[...] Petra Ecclestone Snaps Up Most Expensive US Home Listing At &#8230; [...]</description>
		<content:encoded><![CDATA[<p>[...] Petra Ecclestone Snaps Up Most Expensive US Home Listing At &#8230; [...]</p>
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		<title>By: David Kean</title>
		<link>https://realtybiznews.com/petra-ecclestone-snaps-up-most-expensive-us-home-listing/9874001/#comment-17736</link>
		<dc:creator>David Kean</dc:creator>
		<pubDate>Sun, 17 Jul 2011 16:59:17 +0000</pubDate>
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		<description>The sale of Spelling Manor is a large scale example of what’s happening throughout the Los Angeles luxury and standard home market.  It’s important to price a home properly when it is first listed.  Serious buyers usually see a home the first week it’s on the market.  In a declining or flat market, the longer a home sits on the market, the lower the ultimate sales price.  No home out preforms the market.  In actuality the 85M selling price was not a 43% discount as much as the home was 43% over priced.</description>
		<content:encoded><![CDATA[<p>The sale of Spelling Manor is a large scale example of what’s happening throughout the Los Angeles luxury and standard home market.  It’s important to price a home properly when it is first listed.  Serious buyers usually see a home the first week it’s on the market.  In a declining or flat market, the longer a home sits on the market, the lower the ultimate sales price.  No home out preforms the market.  In actuality the 85M selling price was not a 43% discount as much as the home was 43% over priced.</p>
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