RE/MAX Pink Paradise Manor Residence: Luxurious and Fabulous
Address: 101 Dream Street, GlamourvillePrice: 1M fabulous smilesSquare feet: 4,341Rooms: 8Status: ActiveYear Built: 1962 This extraordinary dream home in the heart of Glamourville is where dreams come to life and glamour knows no bounds! Nestled on perfectly manicured grounds, this enchanting pink modern mansion overlooks the ocean, transporting you to a world of elegance and endless possibilities. Get ready to indulge in a world of imagination as you arrive via the stunning circular drive and step inside the home, listed exclusively by a fabulous RE/MAX real estate agent who’s a real doll. Boasting an impressive three stories and eight magnificent rooms, where pink hues and sparkle abound, the home is the epitome of luxury and playfulness. The accommodating design encourages buyers to unleash their creativity and transform it into their very own dream home. Prepare to be amazed as you discover the many fabulous features like an elevator that sits as the centerpiece of the house where you can move effortlessly between floors. On the second story, you'll find a sparkling indoor/outdoor pool complete with a thrilling slide that starts on the third story – a real splash of joy! The spacious main bedroom is more like a sanctuary with delicate furry accents, a luscious bed and vanity table nook for primping. The walk-in closet is a sight to behold, featuring floor-to-ceiling mirrored walls, customized shelves, rotating clothing carousel and ample shoe storage for the most discerning shoe lover. Indulge in a world of gourmet cooking and entertaining in the dream kitchen. From shimmering floors to glittery countertops, every detail is crafted to inspire endless culinary experiences and unforgettable moments with friends. Sold with all household items and furniture, this remarkably renovated property is ready for its next lucky owner who is ready to embrace the "you can be anything" philosophy. Please note that the hot pink Ferrari is not included in this listing but can be purchased separately. Don't miss out on the chance to make your dreams a reality. Contact the RE/MAX agent today and embark on a glamorous journey where the sky's the limit. Parking: Built-In GarageCooling: YesHeating: No, it’s never cold in GlamourvilleAppliances: Cupcake maker, auto-restocking fridge, hair processorFlooring: Water-resistant pink wood
5 Reasons Today’s Housing Market Is Anything but Normal
There are many headlines out there that claim we’re reverting to a more normal real estate market. That would indicate the housing market is returning to the pre-pandemic numbers we saw from 2015-2019. But that’s not happening. The market is still extremely vibrant as demand is still strong even while housing supply is slowly returning. Here’s the definition of normal from the Merriam-Webster Dictionary: “conforming to a type, standard, or regular pattern: characterized by that which is considered usual, typical, or routine.” Using this definition, here are five housing industry metrics that prove we’re nowhere near normal. 1. Mortgage Rates If we look at the 30-year mortgage rate chronicled by Freddie Mac, we can see the average rates by decade: 1970s: 8.86% 1980s: 12.7% 1990s: 8.12% 2000s: 6.29% 2010s: 4.09% Today, the average mortgage rate stands at 2.87%, which is very close to the historic low. Currently, mortgage rates are anything but usual, typical, or routine. 2. Home Price Appreciation According to Black Knight, a housing data and analytics company, the average annual appreciation on residential real estate prices since 1995 has been 4.14%. According to the latest forecast from the National Association of Realtors (NAR), home price appreciation will hit 14.1% this year, which will be greater than any year since Black Knight began collecting this data. Currently, home price appreciation is anything but usual, typical, or routine. 3. Months’ Supply of Inventory (Homes for Sale) According to NAR: “Months’ supply refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace. Historically, six months of supply is associated with moderate price appreciation, and a lower level of months’ supply tends to push prices up more rapidly.” As of the latest Existing Homes Sales Report from NAR, the current months’ supply of inventory stands at 2.6. That’s less than half of a normal supply. Currently, the supply of homes for sale is anything but usual, typical, or routine. 4. Days It Takes To Sell a Home The days-on-market metric gives an indication of how hot a market is and how quickly homes are selling. In 2019, prior to the pandemic, the average days on market stood at 35, according to NAR. Today, that number is cut in half and is now at 17 days. Currently, the days-on-market metric is anything but usual, typical, or routine. 5. Number of Offers per Listing According to NAR, the number of offers per listing stood at 2.2 in 2019. Today, that number is double at 4.5. Currently, the number of offers per listing is anything but usual, typical, or routine. Bottom Line When… Mortgage rates are near historic lows Price appreciation is at historic highs Housing inventory is less than half of the normal amount The time it takes to sell a home is cut in half, and There are twice as many offers on each house …it’s hard to say we’re in a normal market.
What You Can Do Right Now To Prepare for Homeownership
As rent prices continue to soar, many renters want to know what they can do to get ready to buy their first home. According to recent data from ApartmentList.com: “The first half of 2021 has seen the fastest growth in rent prices since the start of our estimates in 2017. Our national rent index has increased by 11.4 percent since January . . . .” Those rising rental costs may make it seem impossible to prepare for homeownership if you’re a renter. But the truth is, there are ways you can – and should – prepare to purchase your first home. Here’s some expert advice on what to do if you’re ready to learn more about how to escape rising rents. Start Saving – Even Small Amounts – Now Experts agree, setting aside what you can – even smaller amounts of money – into a dedicated savings account is a great starting point when it comes to saving for a down payment. As Cindy Zuniga-Sanchez, Founder of Zero-Based Budget Coaching LLC, says: “I recommend saving for a home in a ‘sinking fund’ . . . . This is a savings account separate from your emergency fund that you use to save for a short or mid-term expense.” Zuniga-Sanchez adds saving in smaller increments can help make a large goal – such as saving for a down payment –achievable: “Breaking up your goals into smaller bite-sized pieces by saving incrementally can make a large daunting number more manageable.” Assess Your Finances and Work on Your Credit Another tip experts recommend: take a look at your overall finances and credit score and find ways to reduce your debt. According to the HUD, the average credit score of first-time homebuyers is 716. If you’re not sure what your credit score is, there are numerous online tools that can help you check. If your score is below that average, don’t fret. Remember that an average means there are homeowners with credit scores both above and below that threshold. If you find out your score is below the average, there are several ways to improve your credit before you apply for a loan. HUD recommends reducing your debt as much as you can, paying your bills on time, and using your credit card responsibly. Start the Conversation with Your Advisor Today Finally, it’s important to talk to someone who understands the market and what it takes to become a first-time homebuyer. That’s where we come in. A trusted advisor can help you navigate your specific market and talk you through all the available options. Having the right network of real estate and lending professionals in your corner can help you plan for the homebuying process as well as determine what you can afford and how you can get pre-approved when you’re ready. Most importantly, we can help you understand how homeownership is achievable. As Lauren Bringle, Accredited Financial Advisor with Self Financial, says: “Don’t write home ownership off just because you have a low income . . . . With the right tools, resources and assistance, you could still achieve your dream.” Bottom Line If you’re planning to be a homeowner one day, the best thing you can do is start preparing now. Even if you don’t think you’ll purchase for a few years, let’s connect today to discuss the process and to set you up for success on your journey to homeownership.
