Who can afford million dollar homes? Coldwell Banker polled their real estate salespeople to find out.
It turns out that buyers of million dollar homes most often pay in cash, or if they take financing, many put down a payment of at least 50% of the sale price. The two most common professions are corporate executives and entrepreneurs.
As you could probably guess, buyers with a seven-figure budget are just a little different from mainstream home buyers.
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Flexo, the owner and creator of Consumerism Commentary, has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about him and follow him on Twitter.
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{ 1 comment }
Hey! I’M an entrepeneur! Maybe someday I’LL own a million dollar house! :)
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