When Eric Albert put his 11,095-square-foot Newport Coast, California estate on the market for a cool $60.2 million last year, an overseas couple considering the purchase had an unusual request: Before signing, they wanted to move in temporarily.
Albert, a veteran of the aluminum industry, didn’t hesitate.
“Houses are a huge expenditure,” he told the Wall Street Journal. “For $60 million, you should try it before you buy it. It’s a smart thing to do.”