16
May 22

Gorgeous Lakefront Home In Windermere, Florida (PHOTOS)

























Listed with Shane Croft of Coldwell Banker

LOCATION: 6513 Rosella Court, Windermere, Florida

SQUARE FOOTAGE: 9,089

BEDROOMS & BATHROOMS: 6 bedrooms & 7 bathrooms

PRICE: $8,590,000

Sitting on one of the most magnificent and private lots in all of Windermere, with your own personal view of nightly Disney fireworks from both Magic Kingdom and Epcot, this 9,000+sf estate is like no other. Not only does the property cover over three acres and sit on a cul-de-sac, but it is the only lot in the community of Keene’s Pointe surrounded on TWO sides by water, giving the owner the ultimate in privacy and seclusion. The home’s floor-plan has been created in such a way to allow large gatherings in the main living areas, but also allows residents and guests to spread out to their own private areas and suites. The owners have made significant investments into the home since purchasing, including creating an incredible double master bath, which includes completely separate his and her bathrooms within the master suite. The home itself contains 6 bedrooms, 6 1/2 baths, theater, game room, bonus room, flex room, and an office overlooking the water. There is nothing more needed, nor left to the imagination. The exterior has one the most beautiful traditional designs you will find that includes a beautiful arched courtyard entry to a 4 car garage, multiple second story decks, outdoor living space, pool, spa, and magnificent covered dock with boat lift. The owners have also added an over-the-top summer kitchen with full bar and every outdoor cooking feature imaginable. There is no way to verbally describe this home properly. It must be seen and toured to be believed.

It’s listed at $9,850,000 with Shane Croft of Coldwell Banker.

CLICK HERE FOR THE LISTING

CLICK HERE FOR THE DRONE VIDEO OF THE HOME

The post Gorgeous Lakefront Home In Windermere, Florida (PHOTOS) appeared first on Homes of the Rich.

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16
May 22

$4.5 Million Lakefront Home In Jonestown, Texas (PHOTOS)















Listed with Adam Whitlock & Greg Weber

LOCATION: 6200 Lantern View Drive, Jonestown, Texas

SQUARE FOOTAGE: 4,763

BEDROOMS & BATHROOMS: 5 bedrooms & 6 bathrooms

PRICE: $4,500,000

This Mediterranean style lakefront home is located at 6200 Lantern View Drive in Jonestown, Texas and is situated on 3.3 acres of land.

It was built in 2017 and features approximately 4,763 square feet of living space with 5 bedrooms, 5 full and 1 half bathrooms, 2-story foyer with staircase, 2-story great room & dining room, gourmet kitchen, family room, office, 3-car garage and more.

Outdoor features include a fountain, 2 balconies, patio and a kitchen/BBQ.

It is listed at $4,500,000.

CLICK HERE FOR THE LISTING

Front Exterior
Front Exterior
Front Exterior
Front Exterior
Great Room
Great Room
Great Room
Kitchen
Kitchen
Kitchen
Family Room
Master Bedroom
Master Bathroom
Master Closet
Rear Exterior

The post $4.5 Million Lakefront Home In Jonestown, Texas (PHOTOS) appeared first on Homes of the Rich.

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16
May 22

If You’re a Homeowner, You Have Incredible Leverage When You Sell Today

If You’re a Homeowner, You Have Incredible Leverage When You Sell Today | Simplifying The Market

In today’s housing market, homeowners have a great opportunity to sell their house and receive the best terms for their personal situation. That’s because there’s a limited number of homes for sale, which is creating competition among buyers. Right now, homebuyers want three things:

These buyer needs give you an amazing advantage – also known as leverage – when you sell.

What Does This Mean for Sellers Today?

You might already realize this enables you to sell at a good price, but you’re also in a great position to get the best terms to suit your needs.

According to the latest Realtors Confidence Index from the National Association of Realtors (NAR), the average home sold is receiving 4.8 offers. That’s why there’s a good chance you’ll get offers from multiple buyers who are willing to compete for your house. When you do, you should look closely at the terms of each offer to find out which one has the best options for you.

And if you have questions at any point in the process, remember your trusted real estate advisor can help. They’re experts who understand the fine print, know how to compare the terms of various offers, and will help you select the best one for your situation.

Bottom Line

If you’re thinking of selling your home, know buyer demand in today’s market gives you a great opportunity to get the best terms and price when you sell your house. Let’s connect today to discuss how much leverage you have as a seller in today’s market.

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15
May 22

17,000 Square Foot Home In Great Falls, Virginia (PHOTOS + FLOOR PLANS)






























Listed with Daniel Heider of TTR Sotheby’s International Realty

LOCATION: 633 River Bend Road, Great Falls, Virginia

SQUARE FOOTAGE: 17,350

BEDROOMS & BATHROOMS: 6 bedrooms & 10 bathrooms

PRICE: $6,998,000

This French-inspired brick & stone home is located at 633 River Bend Road in Great Falls, Virginia and is situated on 5 acres of land.

It was built in 2012 and features approximately 17,350 square feet of living space with 6 bedrooms, 7 full and 3 half bathrooms, 2-story foyer with double staircase, formal living & dining rooms, 2-story great room, music room, gourmet kitchen, breakfast room, family room, office, guest suite with 2nd kitchen, lower level rec room, billiards room, pub, wine cellar, home theater, gym, spa, 4-car garage and more.

Outdoor features include a gated entrance, motor court with fountain, balconies, terraces, patio, fireplace and a swimming pool with spa.

It is listed at $6,998,000.

CLICK HERE FOR THE LISTING

The post 17,000 Square Foot Home In Great Falls, Virginia (PHOTOS + FLOOR PLANS) appeared first on Homes of the Rich.

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14
May 22

12 Acre Texas Estate With Main House, Workshop & Barn (PHOTOS)




























Listed with Aaron Stokes of Keller Williams Rockwall

LOCATION: 5297 S Farm To Market 549, Rockwall, Texas

SQUARE FOOTAGE: 7,150

BEDROOMS & BATHROOMS: 5 bedrooms & 7 bathrooms

PRICE: $3,999,000

This 12 acre estate is located at 5297 S Farm To Market 549 in Rockwall, Texas. It was built in 2007 and features a main house, workshop and barn.

The stone main house features approximately 7,150 square feet of living space with 5 bedrooms, 4 full and 3 half bathrooms, 2-story foyer with staircase, 2-story great room, dining room, gourmet kitchen, office, game room with wet bar, home theater, 5-car garage and more.

Outdoor features include a gated entrance, motor court with fountain, porte-cochere, balconies, patios, kitchen/BBQ, fireplace, fire pit, infinity pool with spa & slide, putting green, playground and a stocked pond.

It is listed at $3,999,000.

CLICK HERE FOR THE LISTING

The post 12 Acre Texas Estate With Main House, Workshop & Barn (PHOTOS) appeared first on Homes of the Rich.

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14
May 22

$2.5 Million Modern Texas Home With 2-Story Master Closet (PHOTOS)
















Listed with Jaime Gonzalez of Keller Williams Realty

LOCATION: 808 E Francisca Avenue, McAllen, Texas

SQUARE FOOTAGE: 5,305

BEDROOMS & BATHROOMS: 3 bedrooms & 4 bathrooms

PRICE: $2,499,000

This modern home is located at 808 E Francisca Avenue in McAllen, Texas and is situated on half an acre of land.

It was built in 2018 and features approximately 5,305 square feet of living space with 3 bedrooms, 3 full and 1 half bathrooms, open concept great room/dining room, gourmet kitchen, gym, 2-car garage and more.

Outdoor features include a gated driveway, carport, patios and a swimming pool.

It is listed at $2,499,000.

CLICK HERE FOR THE LISTING

Front Exterior
Front Exterior
Front Exterior
Front Exterior
Great Room
Great Room
Great Room
Dining Room
Kitchen
Master Bedroom
Master Closet
Pool
Rear Exterior
Rear Exterior
Rear Exterior
Aerial

The post $2.5 Million Modern Texas Home With 2-Story Master Closet (PHOTOS) appeared first on Homes of the Rich.

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14
May 22

10 Acre Texas Estate With Indoor & Outdoor Pools (PHOTOS)
























Listed with Wendy Cline of Wendy Cline Properties Group

LOCATION: 16830 Bridle Oak Drive, Cypress, Texas

SQUARE FOOTAGE: 10,869

BEDROOMS & BATHROOMS: 7 bedrooms & 11 bathrooms

PRICE: $6,500,000

This 10 acre estate is located at 16830 Bridle Oak Drive in Cypress, Texas. It was built in 2019 and consists of a main house and 2 attached guest houses. There is a total of 10,869 square fee of living space with 7 bedrooms & 11 bathrooms.

The main house features 4 bedrooms, 2-story great room, formal dining room, gourmet kitchen, breakfast room, wet bar, office, home theater, indoor swimming pool, 6-car garage and more. One guest house features 1 bedroom and the other guest house features 2 bedrooms and an open concept living/dining/kitchen area.

Outdoor features include a gated entrance, patios, kitchen/BBQ, fireplace, swimming pool with spa, lazy river and a stocked pond with dock.

It is listed at $6,500,000.

CLICK HERE FOR THE LISTING

The post 10 Acre Texas Estate With Indoor & Outdoor Pools (PHOTOS) appeared first on Homes of the Rich.

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13
May 22

Should You Update Your House Before Selling? Ask a Real Estate Professional. [INFOGRAPHIC]

Should You Update Your House Before Selling? Ask a Real Estate Professional. [INFOGRAPHIC] | Simplifying The Market

Should You Update Your House Before Selling? Ask a Real Estate Professional. [INFOGRAPHIC] | Simplifying The Market

Some Highlights

  • If you’re deciding whether you should make updates before you sell your house, lean on your trusted real estate advisor to be your guide.
  • In today’s sellers’ market, buyers have limited options and may be more willing to take on repairs themselves.
  • If you’re thinking about selling your house, let’s connect so you have expert advice that’s customized to your home and our local area.

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12
May 22

$7 Million Golf & Country Club Home In Milton, Georgia (PHOTOS)




















Listed with Julie Allan of Atlanta Fine Homes Sotheby’s International

LOCATION: 3150 Manor Bridge Drive, Milton, Georgia

SQUARE FOOTAGE: 16,000

BEDROOMS & BATHROOMS: 6 bedrooms & 10 bathrooms

PRICE: $7,250,000

This brick home is located at 3150 Manor Bridge Drive in The Manor Golf & Country Club in  Milton, Georgia and is situated on 1.4 acres of land.

It was built in 2017 and features approximately 16,000 square feet of living space with 6 bedrooms, 6 full and 4 half bathrooms, 2-story foyer with staircase, elevator, formal living & dining rooms, gourmet kitchen, breakfast room, family room, office, game room with wet bar, rec room, gym, 4-car garage and more.

Outdoor features include a porte-cochere, motor court, balcony, covered patios, 2 fireplaces and a kitchen/BBQ.

It is listed at $7,250,000.

CLICK HERE FOR THE LISTING

The post $7 Million Golf & Country Club Home In Milton, Georgia (PHOTOS) appeared first on Homes of the Rich.

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12
May 22

What You Actually Need To Know About the Number of Foreclosures in Today’s Housing Market

What You Actually Need To Know About the Number of Foreclosures in Today’s Housing Market | Simplifying The Market

While you may have seen recent stories about the volume of foreclosures today, context is important. During the pandemic, many homeowners were able to pause their mortgage payments using the forbearance program. The goal was to help homeowners financially during the uncertainty created by the health crisis.

When the forbearance program began, many experts were concerned it would result in a wave of foreclosures coming to the market, as there was after the housing crash in 2008. Here’s a look at why the number of foreclosures we’re seeing today is nothing like the last time.

1. There Are Fewer Homeowners in Trouble

Today’s data shows that most homeowners are exiting their forbearance plan either fully caught up on payments or with a plan from the bank that restructured their loan in a way that allowed them to start making payments again. The graph below depicts those findings from the Mortgage Bankers Association (MBA):

What You Actually Need To Know About the Number of Foreclosures in Today’s Housing Market | Simplifying The Market

The same MBA report mentioned above estimates there are approximately 525,000 homeowners who remain in forbearance today. Thankfully, those people still have the chance to work out a suitable repayment plan with the servicing company that represents their lender.

2. Most Homeowners Have Enough Equity To Sell Their Homes

For those who are exiting the forbearance program without a plan in place, many will have enough equity to sell their homes instead of facing foreclosures. Due to rapidly rising home prices over the last two years, the average homeowner has gained record amounts of equity in their home.

Marina Walsh, CMB, Vice President of Industry Analysis at MBA, says:

“Given the nation’s limited housing inventory and the variety of home retention and foreclosure alternatives on the table across various loan
types, . . . Borrowers have more choices today to either stay in their homes or sell without resorting to a foreclosure.”

3. There Have Been Fewer Foreclosures over the Last Two Years

One of the seldom-reported benefits of the forbearance program was it gave homeowners facing difficulties an extra two years to get their finances in order and work out a plan with their lender. That helped prevent the foreclosures that normally would have come to the market had the new forbearance program not been available.

Even as people leave the forbearance program, there are still fewer foreclosures happening today than before the pandemic. That means, while there are more foreclosures now compared to last year (when foreclosures were paused), the number is still well below what the housing market has seen in a more typical year, like 2017-2019 (see graph below):

What You Actually Need To Know About the Number of Foreclosures in Today’s Housing Market | Simplifying The Market

4. The Current Market Can Easily Absorb New Listings

When the foreclosures in 2008 hit the market, they added to the oversupply of houses that were already for sale. It’s exactly the opposite today. The latest Existing Home Sales Report from the National Association of Realtors (NAR) reveals:

“Total housing inventory at the end of March totaled 950,000 units, up 11.8% from February and down 9.5% from one year ago (1.05 million). Unsold inventory sits at a 2.0-month supply at the present sales pace, up from 1.7 months in February and down from 2.1 months in March 2021.”

A balanced market would have approximately a six-month supply of inventory. At 2.0 months, today’s housing market is severely understocked. Even if one million homes enter the market, there still won’t be enough inventory to meet the current demand.

Bottom Line

If you see headlines about the increasing number of foreclosures today, remember context is important. While it’s true the number of foreclosures is higher now than it was last year, foreclosures are still well below pre-pandemic years.

If you have questions, let’s connect to talk through the latest market conditions and what they mean for you.

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