Afraid of Selling Your Home Too Soon—and Missing Out on Tons of Cash?

If you sold your home at a good price, you’d be thrilled, right? But what if, a year or two later, you check in on your old home by idly punching your former address into … and discover that its value has shot up even higher? In other words, had you only held onto this property a little longer, you could have made a real killing?selling

Welcome to home seller’s remorse—a rampant affliction among home sellers across the country. It can hit at any point after a home sale, where, akin to tossing a winning lottery ticket, home sellers torture themselves with fears that they’ve sold their home too soon, thus losing out on tens of thousands of dollars.

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Home sellers are making huge profits. So why aren’t more people selling?

Sellers profited about $54,000 on average at the end of 2017, according to Attom Data Solutions.That’s a 10-year high and means sellers were bringing in an average return on investment of nearly 30%.

But selling a home in this market is the easy part. Finding a home to move into? Not so much.tax_plan

A dismally low supply of homes on the market has made house hunting difficult in many cities. The lack of available homes has driven up prices, leading to bidding wars and homes selling for well above asking prices. While that’s good news for sellers, it’s bad news when they become buyers.

“It is fun and exciting to see a huge appreciation in your home,” said Allie Howard, a Redfin real estate agent in Seattle. “But what scares [sellers] is not wanting to be stuck in a rental scenario when homes continue to appreciate and they get concerned they will be priced out.”

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Tommy Hilfiger’s Stylish Mansion

Tommy Hilfiger’s stylish home in Golden Beach, FL, has dropped in price. Again. This time, the fashion mogul’s mansion, just north of Miami, is on the market for $23.5 million. It was originally offered a year ago for $27.5 million, but the price for the posh kitchenproperty rose late last year to $25.9 million, before coming down again.

Hilfiger and his wife, Dee, didn’t own the place for all that long before putting it back up for sale. The couple purchased the beachfront contemporary in 2013 for $17.25 million to house their eye-popping pop-art collection, and wanted interiors to match.

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58% of renters believe it’s a good time to buy

But a lack of affordable housing is holding them back from purchasing a home.good_time_to_buy

According to the study, which is based on Q4’s HOME Survey data, 91 percent of homeowners and 80 percent of non-owners still believe homeownership is part of the American dream. Furthermore, 79 percent of owners and 58 percent of non-owners said they believe it’s a good time to buy, a sentiment that was consistent across age, income, city size and regional demographics.

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Upper West Side Duplex for $17.75M???

It belongs to Bruce Willis 🙂bwkitchen

Action movie star Bruce Willis is showing his “Sixth Sense” for real estate. He’s listed his New York City duplex for a whopping $17.75 million, according to Variety.

Willis and his wife, Emma Heming, purchased the six-bedroom urban oasis for $16.99 million in 2015, according to property records.

We can see its movie star appeal. The 6,000-square-foot, two-floor unit is located in a prewar building that overlooks Central Park on the Upper West Side. It comes with 150 feet of park frontage and views of the green belt from almost every room, according to the listing.

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1900s schoolhouse turns into bright apartments

I think Bright means, White, what do you think?home

We love a good converted schoolhouse, and this one is no exception. Local firm Eklund Terbeek has reimagined a 100-year-old schoolhouse in Rotterdam into six apartments while still maintaining a few of the former building’s defining elements. The practice also helmed the interior design of the loft apartment, which puts the transformation on full display.

Two former classrooms and a hallway come together to form the bright and soaring double-height space, which is defined by a wall of sash windows, white walls, and exposed concrete ceilings. Here, a kitchen formed by a minimalist concrete counter and a dining table shares space with a lounge anchored by a dark wooden bookshelf on the opposite wall.

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Real Estate Market Update – December 2017

San Mateo County Real Estate Market Update – December 2017
2017 saw two foundational trends continue in the San Mateo County real estate housing market. Prices continued their trend upward, while inventory continued its trend downward. It marked the sixth straight year for higher sales prices in both single family homes and condo/townhomes.
Two changes, one already implemented and one in the making, may have a significant impact on the housing market on the Peninsula in addition to across the country.
First, the tax changes may impact buyer behavior with the reduction in deductibility of mortgage interest and possibly state income taxes and property taxes, with the latter two still up in the air.
Second, the projected three hikes in the federal funds rate by the Federal Reserve are anticipated to result in mortgage rate increases of 1⁄2 to 3⁄4 percent by the end of 2018. Additional factors will affect mortgage rates so it’s impossible to predict where they’ll end up and how they’ll get there. No expert expects them to stay as low as they are currently.

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December 2017 Market Report KWBAL

2018 HGTV Dream Home – Waterfront Wonder

For those real estate reality TV mavens who follow HGTV shows the way football fanatics follow the NFL, the reveal of the annual HGTV Dream Home is a 2018 HGTV Dream Homevery big deal.

This fantasy abode, designed and decorated by a team of handpicked professionals, is located in a different region of the country each year and offers up a distinct decor vibe each time. Oh, yeah—you can win the place too. Feeling lucky?

This year’s place, a waterfront house in Gig Harbor, WA—a short boat ride south of Seattle—is all about a sleek, modern design aesthetic, married with coastal details. The HGTV design team purchased this four-bedroom home last January, gutted it, and transformed it from floor to ceiling.

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What the 20 Most Popular Home Renovations Are Really Worth in 2018


Planning to remodel your kitchen, add a master suite, or undertake some other pricey home renovation in 2018? Watch out—not all of these home improvements pay off like they did in the past, according to Remodeling magazine’s latest Cost vs. Value Report.

For this much-referenced annual report, now in its 31st year, researchers pinpointed the average return on investment of 20 popular home renovations by canvassing contractors nationwide on how much these upgrades cost to complete, then compared that with how much real estate agents estimated these features would boost a home’s market price (in other words, their value).

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Ellen DeGeneres Sells Luxe L.A. Condo for $5.85M

 ellenEllen DeGeneres, talk show host and serial real estate flipper, has done it again. She and wife Portia de Rossi secured a buyer for their Los Angelescondo, according to TMZ. The pending sale, which the website reported to be finalized at $5.85 million, was the second of two apartments the couple owned in the Beverly West apartment building in the Westwood neighborhood.

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