29
Sep 22

Modern Farmhouse New Build On 62 Acres (PHOTOS)

























Listed with James Perry of The James Company Real Estate Brokers & Development

LOCATION: 1555 Francisco Road NW, Georgetown, Tennessee

SQUARE FOOTAGE: 5,765

BEDROOMS & BATHROOMS: 4 bedrooms & 4 bathrooms

PRICE: $3,250,000

This newly built modern farmhouse style home is located at 1555 Francisco Road NW in Georgetown, Tennessee and is situated on 32 acres of land.

It features approximately 5,765 square feet of living space with 4 bedrooms, 3 full and 1 half bathrooms, foyer with staircase, open concept living & dining rooms, gourmet kitchen, office, rec room, 3-car detached garage, 1-car detached garage and more.

Outdoor features include a gated entrance, covered front porch, screened-in porch, screened-in patio, barn and a pond.

It is listed at $3,250,000.

CLICK HERE FOR THE LISTING

The post Modern Farmhouse New Build On 62 Acres (PHOTOS) appeared first on Homes of the Rich.

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29
Sep 22

If You’re Thinking of Selling Your House This Fall, Hire a Pro

If You’re Thinking of Selling Your House This Fall, Hire a Pro | Simplifying The Market

Today’s market is at a turning point, making it more essential than ever to work with a real estate professional. Not only will a trusted real estate advisor keep you updated and help you make the best decisions based on current market trends, but they’re also experts in managing the many aspects of selling your house.

Here are five key reasons why working with a real estate professional makes sense today.

1. A Professional Follows the Latest Market Trends

With higher mortgage rates and moderating buyer demand, conditions are changing and staying on top of the latest market information is crucial when you sell.

Working with an expert real estate advisor helps ensure you can stay updated on what’s happening. They know your local area and follow national trends too. More importantly, they’ll know what this data means for you, and as the market shifts, they’ll be able to help you navigate it and make your best decision.

2. A Professional Helps Maximize Your Pool of Buyers

Your agent’s role in bringing in buyers is important. Real estate professionals have a large variety of tools at their disposal, such as social media followers, agency resources, and the Multiple Listing Service (MLS) to ensure your house is viewed by the most buyers. Investopedia explains why it’s risky to sell on your own without the network an agent provides:

“You don’t have relationships with clients, other agents, or a real estate agency to bring the largest pool of potential buyers to your home. A smaller pool of potential buyers means less demand for your property, which can translate into waiting longer to sell your home and possibly not getting as much money as your house is worth.”

3. A Professional Understands the Fine Print

Today, more disclosures and regulations are mandatory when selling a house. That means the number of legal documents you’ll need to juggle is growing. The National Association of Realtors (NAR) explains it best, saying:

“Selling a home typically requires a variety of forms, reports, disclosures, and other legal and financial documents. . . . Also, there’s a lot of jargon involved in a real estate transaction; you want to work with a professional who can speak the language.”

A real estate professional knows exactly what needs to happen, what all the fine print means, and how to work through it efficiently. They’ll help you review the documents and avoid any costly missteps that could occur if you try to handle them on your own.

4. A Professional Is a Trained Negotiator

If you sell without a professional, you’ll also be solely responsible for all the negotiations. That means you’ll have to coordinate with:

  • The buyer, who wants the best deal possible
  • The buyer’s agent, who will use their expertise to advocate for the buyer
  • The inspection company, which works for the buyer and will almost always find concerns with the house
  • The appraiser, who assesses the property’s value to protect the lender

In today’s changing market, buyers are regaining some negotiation power as bidding wars ease. Instead of going toe-to-toe with all the above parties alone, lean on an expert. They’ll know what levers to pull, how to address everyone’s concerns, and when you may want to get a second opinion.

5. A Professional Knows How To Set the Right Price for Your House

If you sell your house on your own, you may be more likely to overshoot your asking price. That could mean your house will sit on the market because you priced it too high for where the market is now. Today, pricing a house requires even more expertise to ensure you get it right. NAR explains it like this:

“A great real estate agent will look at your home with an unbiased eye, providing you with the information you need to enhance marketability and maximize price.”

Real estate professionals know the ins and outs of how to price your house accurately and competitively. To do so, they compare your house to recently sold homes in your area and factor in the current condition of your home. These steps are key to making sure it’s set to move quickly while still getting you the highest possible final sale price.

Bottom Line

Whether it’s following local and national trends and guiding you through a shifting market or pricing your house right, a real estate agent has essential insights you’ll want to rely on throughout the transaction. Don’t go at it alone.  If you plan to sell your house, let’s connect.

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28
Sep 22

Stunning Lakefront Home In Ooltewah, Tennessee (PHOTOS)






























Listed with Don Ledford of Keller Williams Realty

LOCATION: 8012 Badia Lane, Ooltewah, Tennessee

SQUARE FOOTAGE: 11,439

BEDROOMS & BATHROOMS: 5 bedrooms & 8 bathrooms

PRICE: $5,900,000

This lakefront stone home is located at 8012 Badia Lane in Ooltewah, Tennessee and is situated on 2 acres of land. It is located in the gated golf course community of Hampton on the Lake.

It was built in 2021 and features approximately 11,439 square feet of living space with 5 bedrooms, 5 full and 3 half bathrooms, foyer with staircase, elevator, formal living & dining rooms, gourmet kitchen, breakfast room, family room, home theater, two 3-car garages and more.

Outdoor features include a motor court, patios, kitchen/BBQ, 2 fireplaces, fire pit, swimming pool with spa, pool house and a covered boat dock.

It is listed at $5,900,000.

CLICK HERE FOR THE 3D TOUR

CLICK HERE FOR THE LISTING

The post Stunning Lakefront Home In Ooltewah, Tennessee (PHOTOS) appeared first on Homes of the Rich.

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28
Sep 22

Second home sales up 235pc in Q2 versus pre-pandemic: report

Though proximity to a primary residence ranks high on the list of priorities for second home buyers, 71 percent plan to visit their second home just seven times or less per year, according to a new report.

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28
Sep 22

$5 Million Waterfront Home In Massachusetts (PHOTOS)




















Listed with Charleen McCarthy of Five Mark Realty Group LLC

LOCATION: 26 Wonson Street, Gloucester, Massachusetts

SQUARE FOOTAGE: 9,846

BEDROOMS & BATHROOMS: 3 bedrooms & 6 bathrooms

PRICE: $5,200,000

This waterfront home is located at 26 Wonson Street in Gloucester, Massachusetts and is situated on nearly half an acre of land.

It was built in 2019 and features approximately 9,846 square feet of living space with 3 bedrooms, 4 full and 2 half bathrooms, foyer with double staircase, living room with wet bar, dining room, gourmet kitchen with double islands, rec room with wet bar, home theater, 3-car garage with lift and more.

Outdoor features include a deck.

It is listed at $5,200,000.

CLICK HERE FOR THE LISTING

The post $5 Million Waterfront Home In Massachusetts (PHOTOS) appeared first on Homes of the Rich.

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28
Sep 22

Luxurious Home In West Vancouver, Canada (PHOTOS)




















Photography by REV STUDIO

LOCATION: 1049 Millstream Road, West Vancouver, British Columbia, Canada

SQUARE FOOTAGE: 9,772

BEDROOMS & BATHROOMS: 6 bedrooms & 11 bathrooms

PRICE: C$13,880,000

This luxurious home is located at 1049 Millstream Road in West Vancouver, British Columbia, Canada.

It was built in 2020 and features approximately 9,772 square feet of living space with 6 bedrooms, 8 full and 3 half bathrooms, foyer with curved floating staircase, elevator, formal living & dining rooms, gourmet kitchen, family room, office, game room/lounge with wet bar, wine cellar, home theater, 3-car garage and more.

Outdoor features include terraces/patios, infinity pool and a spa.

It is listed at C$13,880,000.

CLICK HERE FOR THE LISTING

The post Luxurious Home In West Vancouver, Canada (PHOTOS) appeared first on Homes of the Rich.

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28
Sep 22

Why You Should Consider Condos as Part of Your Home Search

Why You Should Consider Condos as Part of Your Home Search | Simplifying The Market

The historically low inventory over the past few years led to challenges for many buyers trying to find a home that met their needs and their budget. If you’re in the same boat, you should know the recent shift in the housing market may have opened up doors for you to restart your search.

The inventory of homes for sale has increased this year, and that’s giving buyers much needed options. As Danielle Hale, Chief Economist at realtor.com, says:

“. . . today’s shoppers have more than 5 homes to consider for every 4 they had at this time a year ago.”

But perspective is important. Overall, housing supply is still low. If you need even more choices, expanding your search by adding additional housing types, like condominiums, could help.

Exploring Condos Could Add Options That Fit Your Budget

One thing to consider is condos generally differ from single-family homes in average space and floorplans. But that size difference is one reason why condos can be a more affordable option. According to a recent report from realtor.com, condo buyers paid roughly 7% less for their home than buyers of other housing types last year. With rising mortgage rates and home prices, the relative affordability of a condo could be worth considering.

Remember, your first home doesn’t have to be your forever home. The important thing is to get your foot in the door as a homeowner. Buying a condo now can springboard you into a bigger home later on. An article from the Urban Institute explains:

Because condos and co-ops are generally more affordable, they tend to help first-time homebuyers step onto the first rung of the homeownership ladder. These buyers often use the equity on their condo to then purchase a larger single-family home.

In other words, owning a condo will help you start building wealth in the form of home equity. In time, the equity you build can fuel a future purchase should you decide you want to buy a home with more space or different amenities.

Condo Living Provides Several Great Perks

Boosting the number of options in your budget during your home search is just one reason to consider condos, but there are several other benefits to condo living.

First, they tend to require minimal upkeep and lower maintenance – and that can give you more time to spend doing the things you enjoy. A recent article from Bankrate highlights this, saying:

Condos can be a good option for anyone who wants to keep home maintenance to a minimum . . . if the roof is leaking or the carpet in the lobby needs to be replaced, that’s not your responsibility — the condo association handles those duties.”

Plus, since many condos are located in or near city centers, they offer the added benefit of being in close proximity to work and leisure. Again, realtor.com explains:

“Buying a condo, which is generally less expensive than a single-family home, enables a household to afford to own in the middle of it all, and often means a newer-built home with less maintenance responsibility.”

Ultimately, owning and living in a condo can be a lifestyle choice. And if that appeals to you, they could give you the added options you need to buy your first home.

Bottom Line

Adding condominiums to your housing search could be a great move. If you’re ready to search condos in our area, let’s connect today.

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27
Sep 22

$4 Million Brick Home In College Grove, Tennessee (PHOTOS)





















Listed with Jeannie Bankins

LOCATION: 5245 Wildings Boulevard, College Grove, Tennessee

SQUARE FOOTAGE: 7,829

BEDROOMS & BATHROOMS: 6 bedrooms & 9 bathrooms

PRICE: $4,400,000

This brick home is located at 5245 Wildings Boulevard in College Grove, Tennessee and is situated on 3/4 of an acre of land.

It was built in 2016 and features approximately 7,829 square feet of living space with 6 bedrooms, 7 full and 2 half bathrooms, 2-story foyer with double staircase, formal living room, dining room, gourmet kitchen, family room, 4-car garage and more.

Outdoor features include covered/uncovered patios, fireplace, kitchen/BBQ, fire pit and a swimming pool with spa.

It is listed at $4,400,000.

CLICK HERE FOR THE LISTING

The post $4 Million Brick Home In College Grove, Tennessee (PHOTOS) appeared first on Homes of the Rich.

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27
Sep 22

46 Acre Texas Estate With Workshop & Stocked Pond (PHOTOS)




















Listed with Jamie Amerman of Kuper Sotheby’s International Realty

LOCATION: 186 Joe Klar Road, Boerne, Texas

SQUARE FOOTAGE: 10,621

BEDROOMS & BATHROOMS: 6 bedrooms & 8 bathrooms

PRICE: $8,850,000

This 46 acre estate is located at 186 Joe Klar Road in Boerne, Texas. It was built in 2018 and features a main house, pool house and large detached workshop/garage.

The stone & stucco home features approximately 10,621 square feet of living space with 6 bedrooms, 6 full and 2 half bathrooms, great room, dining room, gourmet kitchen, game room with wet bar, 4-car garage and more.

Outdoor features include a stocked pond, patios, kitchen/BBQ, fireplace and a swimming pool with spa & swim-up bar.

It is listed at $8,850,000.

CLICK HERE FOR THE LISTING

Front Exterior
Front Exterior
Foyer
Great Room
Great Room
Dining Room
Dining Room
Kitchen
Kitchen
Kitchen
Master Bedroom
Master Bathroom
Master Closet
Game Room
Game Room
Game Room
Rear Exterior
Pool & Pool House
Rear Exterior
Garage/Workshop

The post 46 Acre Texas Estate With Workshop & Stocked Pond (PHOTOS) appeared first on Homes of the Rich.

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27
Sep 22

How an Expert Can Help You Understand Inflation & Mortgage Rates

How an Expert Can Help You Understand Inflation & Mortgage Rates | Simplifying The Market

If you’re following today’s housing market, you know two of the top issues consumers face are inflation and mortgage rates. Let’s take a look at each one.

Inflation and the Housing Market

This year, inflation reached a high not seen in forty years. For the average consumer, you probably felt the pinch at the gas pump and in the grocery store. It may have even impacted your ability to save money to buy a home.

While the Federal Reserve is working hard to lower inflation, the August data shows the inflation rate was still higher than expected. This news impacted the stock market and fueled conversations about a recession. It also played a role in the Federal Reserve’s decision to raise the Federal Funds Rate last week. As Bankrate says:

“. . . the Fed has raised rates again, announcing yet another three-quarter-point hike on September 21 . . . The hikes are designed to cool an economy that has been on fire. . .”

While their actions don’t directly dictate what happens with mortgage rates, their decisions have contributed to the intentional cooldown in the housing market. A recent article from Fortune explains:

“As the Federal Reserve moved into inflation-fighting mode, financial markets quickly put upward pressure on mortgage rates. Those elevated mortgage rates . . . coupled with sky-high home prices, threw cold water onto the housing boom.”

The Impact on Rising Mortgage Rates

Over the past few months, mortgage rates have fluctuated in light of growing economic pressures. Most recently, the average 30-year fixed mortgage rate according to Freddie Mac ticked above 6% for the first time in well over a decade (see graph below):

How an Expert Can Help You Understand Inflation & Mortgage Rates | Simplifying The Market

The mortgage rate increases this year are the big reason buyer demand has pulled back in recent months. Basically, as rates (and home prices) rose, so did the cost of buying a home. That pushed on affordability and priced some buyers out of the market, so home sales slowed and the inventory of homes for sale grew as a result.

Where Experts Say Rates and Inflation Will Go from Here

Moving forward, both of these factors will continue to impact the housing market. A recent article from CNET puts the relationship between inflation and mortgage rates in simple terms:

“As a general rule, when inflation is low, mortgage rates tend to be lower. When inflation is high, rates tend to be higher.”

Sam Khater, Chief Economist at Freddie Mac, has this to say about where rates may go from here:

“Mortgage rates remained volatile due to the tug of war between inflationary pressures and a clear slowdown in economic growth. The high uncertainty surrounding inflation and other factors will likely cause rates to remain variable, . . .”

While there’s no way to say with certainty where mortgage rates will go from here, there is something you can do to stay informed, and that’s connect with a trusted real estate advisor. They keep their pulse on what’s happening today and help you understand what the experts are projecting. They can provide you with the best advice possible.

Bottom Line

Rising inflation and higher mortgage rates have had a clear impact on housing. For expert insights on the latest trends in the housing market and what they mean for you, let’s connect.

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