May 23, 2014
Celebrities have challenges in selling their homes just like everyone else. Many famous folks own big, high-end or unique homes and those typically take longer to sell. Any property with a huge price tag is a challenge to sell because the pool of qualified buyers is smaller.
Here is where it helps to be famous. The publicity that comes with a celebrity home helps give the property exposure to a larger audience and thus can speed up the sale. I've found that a celebrity property will typically sell faster than other homes in the same price range.
But while the process might be a bit shorter, a celebrity name doesn't add to the value. Some people enjoy the distinction that comes from living in a celebrity home, but they won't pay more for it. The famous live by the same laws of supply and demand as the rest of us.