FOUR HOMEOWNERSHIP MYTHS TO AVOID Source: CNN Money

Buying a home is one of the biggest decisions you’ll ever make, so you might want to talk to your REALTOR® for advice and also consider whether or not you’re getting stuck on one of these common real estate myths before signing on the dotted line. For instance, remember that you’re buying a home to suit both your future needs and your current ones, so if you want to travel in the future, a home with a lot of outdoor upkeep may not be wise. In addition, it may be best to purchase a home based on your family’s budget and needs, not your guesses about what the future may or may not hold regarding the market.

Comments

Most Expensive U.S. Home Sale Ever: Billionaire Ken Griffin Closes On $238 Million New York Penthouse

A Manhattan penthouse is now the most expensive home ever sold in the United States. Hedge fund billionaire Ken Griffin closed on an apartment under construction at 220 Central Park South this week for around $238 million. A spokeswoman for Griffin confirmed the sale, which was originally reported by Wall Street Jurnal The deed is not yet available in city property records. The figure destroys the previous New York City record of $100.47 million set in 2014; Computer billionaire Michael Dell was recently exposed as the owner of that penthouse in nearby ONE57. The prior national record was also set that same year when Barry Rosenstein, another hedge fund billionaire, purchased an East Hampton spread for $147 M. Since then, nine-figure sales have been largely concentrated in and around Los Angeles. However, Griffin, with a net worth of $9.9 billion, is no stranger to massive real estate purchases. Just this week it came out that he spent $122 ...

Some home shoppers are calling it quits, convinced that prices have peaked

Two years ago, Mike Saavedra moved to Southern California, equipped with a new high-paying healthcare job and a plan. The former Arizona resident would rent by the beach while becoming familiar with neighborhoods where he may want to purchase a house. But a few months after starting his search, the Manhattan Beach renter cut it off. It was, he decided, the wrong time to buy. “I definitely think home prices are slightly overinflated,” Saavedra, 48, said. And he thinks there’s a good chance they’ll fall. “I would kind of like to wait and see if that happens.” After nearly seven years of sometimes fevered price hikes, the Southern California housing market has slowed markedly in recent months. Sales have fallen from year-ago levels and price appreciation has shrunk. In Los Angeles and Orange counties, year-over-year price increases peaked at 8.2% in April and have declined every month since. In October, home prices in those counties rose 5.5...

The Perfect Morning Routine for Successful People

Do you struggle to get through the morning and feel like you can't get anything done before noon? You're not alone. Plenty of people prefer nights to mornings but have to get up early anyway. If you're stuck bumbling through your morning, follow these steps to mimic the mornings of successful people. Prepare the Night Before . You don't have to be a successful morning person to start the day off right. Set out your clothes the night before, prepare your lunch for the day, and organize your work and task list. Everything will be ready to go when you wake up, even if your brain isn't. Make a List of What You Want to Accomplish . It's easy to feel overwhelmed when you can't keep track of what you need to do. Each day, review your to-do list of things you want to accomplish. You can also create stretch goals — things you want to do if you have more time. This will help you plan your day before it even begins. Do the Hardest Tasks First . The most successful...

Elena Zimina's Real Estate

Search This Blog