What’s a trophy property? 

A property with several unique or special characteristics, including location, view, the home’s condition, and/or the size, shape, and usability of the lot.  The price matters too, but you’ll know when you’re in a trophy property when you have thoughts like, “I don’t care what the price is, I gotta buy this house!”

The Reasons Trophy Properties Sell For More:

1. The prices paid for trophies include the “once-in-a-lifetime” premium.  Yes, there will always be others, but are you willing to wait until the next one appears?

2. Trophy properties have maximum emotional appeal whose actual value is uncertain.  Examples:

  • The house reminds you of a favorite from your past.
  • You can visualize Junior running around in the backyard.
  • A view that takes your breath away.

How do you put a dollar value on those?

3. Trophies tend to be among the better-maintained homes.

4. Trophy properties appeal to the ego. 


Ultimately, your own personal definition of a trophy property is based on how picky you are – which you can gauge by tracking how many trophies you actually see in person:

Your Trophy-meter:

A.  One trophy out of every 10 properties seen in person – you’re not too picky – or just lucky.  You might as well start packing because you’ll probably be moving soon.

B.  One trophy out of every 25-50 seen – You have average picky-ness.

C.  One trophy out of every 100+ seen – You’re a crusty old dog.  You know when you’re looking at a trophy property because you are speechless – you have nothing to complain about!

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Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!

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