By Katy McLaughlin | The Wall Street Journal
When a 7-acre property in Silicon Valley went on the market for $14.85 million, a busload of real-estate agents arrived for a tour. The draw? In addition to the resort-style pool and the putting green, the agents, who specialize in finding upscale properties for Asian buyers, wanted to see the two guesthouses—ideal spaces for aging parents and in-laws.
“I probably did $18 million worth of business with Asians in the last 12 months,” said Arthur Sharif, associate broker at Sotheby’s International Realty in San Francisco who is listing the estate in Woodside, Calif. “A huge, huge part of the conversation with these folks is the side house,” and how it can accommodate elderly relatives, he said.
