With interest rates creeping towards 7% and home prices remaining high, it may not appear to be the best time to buy or sell. However, there are opportunities in every market. Here are three reasons buying a home now may be the right choice for you.
Competition is calmer
With more people putting their home search on hold and waiting (and hoping) for interest rates and prices to come down, those still in the buying mode may have an advantage. Multiple offers and bidding wars are not as prevalent as they have been, even a few months ago. No one has a crystal ball on which direction interest rates and home prices will go. If you’re ready for a change, then now is the right time.
Increase in supply
Depending on the area, there may be more homes on the market giving buyers more options than previously. For example, the single-family home inventory in Newton is up 26% versus a year ago and properties are not selling as quickly.
Opportunity to Negotiate
A look at single-family homes year-to-date in Newton shows that 23% of listings had price changes. This suggests that buyers in some instances may have an opportunity to negotiate the price. Understanding the dynamics of the market(s) you’re exploring will be key to a successful outcome.
If you’re considering buying a home, contact me and let’s talk set up a consultation!
We’ve all heard about the research showing that having indoor plants removes toxins from our homes, boosts moods, and at the very least, increases the aesthetic appeal. If you’re new to plant life or looking for a housewarming gift that won’t require lots of care, here are 10 of the most popular plants that thrive on neglect.
*Repost from Sotheby’s Extraordinary Living Blog. Click here for the original.
Whether a former barn or the onetime headquarters of a pharmaceutical company, these five homes have been carefully, stylishly altered and updated, respecting each building’s long, storied history while introducing architectural, aesthetic, and technological innovations.
Classic Hamptons Compound
On 2.8 acres on the banks of Mecox Bay, this early-20th-century Shingle-style home was painstakingly converted from a barn. Its light-flooded spaces include living and dining rooms, an eat-in kitchen, four bedrooms, and many delightful period details, from wide-plank wood floors to beadboard walls and sliding wood doors. The grounds feature a guesthouse, a pool, a tennis court with a viewing pavilion, a stone patio, an expansive lawn, a freestanding garage, and 112 feet of private water frontage with a dock and a waterfront cottage.
Magnolia Mansion Condominium
Once a school showcasing prewar architecture, the lovely Magnolia Mansion Lofts building was transformed into a collection of modern condominiums in the 1980s. This 1,414-square-foot duplex features 14-foot ceilings, large south-facing windows, classic hardwood floors, living and dining areas, a sleek kitchen, and three serene bedrooms. Magnolia Mansion residents benefit from a shared courtyard garden with grills and tables, video intercoms, an elevator, and a full-time superintendent.
Chic Embarcadero Loft
This stylish contemporary loft is among the luxurious residences created in the 1997 conversion of the offices, labs, and manufacturing warehouse of the Coffin-Redington Drug Company, a historic national landmark that dates to 1937. Renovated in 2020, this home boasts an easy flow; wonderful natural light; surfaces of concrete, walnut, and porcelain; audiovisual, security, climate-control, and soundproofing systems; motorized shades; and custom-outfitted closets. Residents share a sunny south-facing terrace on the penthouse level.
The Rosewood Farm Estate
On the grounds of the original Southampton Riding and Hunt Club, this beautiful six-bedroom home was transformed from a historic barn by its current owner—a renowned architect and designer. The residence shares some 34 acres of glorious greenery with an impressive brick patio anchored by a fountain, a four-bedroom guesthouse, an infinity-edge pool, a pool house cleverly converted from a stable, a freestanding four-car garage, and dozens of mature trees.
Formerly a historic 1920 warehouse, One South Park is a collection of sleek, sophisticated loft homes in the vibrant SOMA neighborhood. During the renovation, the team at LDP Architects carefully preserved such period elements as oversized Palladian windows and whimsical portions of railroad track. On the eastern side of the building, this elegant residence boasts soaring 12-foot ceilings, two bedrooms, a kitchen equipped with Sub-Zero and Wolf appliances, and a living room with nine-foot windows. Parking for a bicycle and one car is included.
If golden beaches, crystal clear bays, and tropical breezes are top-of-mind, turn mirages into reality with a taste of island living. Whether to serve as inspiration for permanent residency, or as a second property for easy vacationing, the homes found on these five coveted islands are the perfect getaways.
The largest of Spain’s Balearic Islands, Mallorca offers the finest aspects of Mediterranean living. From historic sites of Roman and Moorish influence, to beaches with dramatic cliffside backdrops, to the city of Palma’s delectable cuisine and vibrant nightlife, there’s no shortage of ways to enjoy Mallorca, and this five-bedroom contemporary villa in Port d’Andratx is the ideal base for exploration. Close to the harbor and sailing club, this three-story home offers ocean vistas throughout, including from the expansive terrace with swimming pool. Indoors, amenities include a heated pool, sauna, spa, gym, wine cellar, and cinema for endless entertainment.
Head to Crete, Greece’s biggest island, for sun, sand, and signature Greek dishes and drinks served at lively tavernas and cafes. This charming six-bedroom Villa Phaedra is the perfect property for Greek island living, with an elevated vantage offering Aegean Sea views, a heated outdoor infinity pool and surrounding gardens, and a private beach mere minutes away. Inside, natural finishes and eco-friendly materials—including marble, Cretan stone, and wood—complement cool tones to create an upscale and tranquil atmosphere, ideal for unwinding.
British Virgin Islands
The Beach House—a precisely named villa on the eight-square-mile Virgin Gorda, the third largest island in the British Virgin Islands—provides an opportunity for effortless Caribbean living. The six-bedroom property is steps away from Oil Nut Bay’s turquoise waters and palm-tree lined white sand beaches. Fancy a bit of island exploration? Follow the trails in Little Fort National Park, hike to Gorda Peak, snorkel through coral reefs, or visit Spanish Town for excellent shopping and fresh seafood dining.
Twenty-seven bedrooms and bathrooms, 60,000 interior square feet, and almost 10 acres of natural coastline—this exquisite property on Mahé, the largest of Seychelles’ 115 archipelago islands, is the ultimate property for luxury vacationing and hosting. Bel Ombre is a Bali-inspired, secluded sanctuary featuring multiple natural stone swimming pools, a spa and wellness zone, chef-designed professional kitchen, and dramatic Indian Ocean views. It’s also surrounded by lush vegetation and is adjacent to Anse Majore National Park, where hiking and boating excursions lead to majestic wild beaches.
Koh Samui, Thailand
You can’t get closer to the water than at Sea Sunset Pool Villa on Thailand’s Koh Samui island—a coveted location with infamous beaches and wildlife. In addition to sea panoramas that come with exquisite sunrises and sunsets, the four-storey contemporary home offers a private salt pool system, garden, and cinema. Activities are plentiful too, including yoga, cooking classes, scuba diving, boating, and even golf.
Escaping to tropical climates becomes even more enticing knowing that properties like these await on incredible islands. Whether it’s quintessential Caribbean beaches, vast Mediterranean views, private verdant oases, or endless activities, island living is waiting to be enjoyed.
Your bedroom is your personal oasis. The right paint color can help create a serene environment ideal for unwinding at the end of the long day. Scroll down for dreamy hues that are trending in 2022.
This comes as no surprise as the color green’s popularity has been rising in recent years. For the bedroom, you want to choose a soothing sage tone such as the one pictured above.
Let’s be honest, neutrals are always trending. I particularly like sand tones that warm up a space and add a little more visual interest than a simple white.
Blue is known for having a calming effect. I prefer the textured, cloudy blue featured above that helps keep the color and décor from looking to coastal (unless of course you’re by the water or just love coastal decor).
You have to be careful not to elicit teenage vibes when using lilac tones. The one photoed above is a bit muddy and on the gray scale. This keeps the look elevated and sophisticated.
White is tried and true for a reason. When selecting the right shade of white for your bedroom, it’s wise to select warmer tones to make the space feel more cozy and less clinical.
If you’re updating the color scheme of your home because you’re considering a move, contact me and let’s discuss the ways I can help!
Once the children fly the coop, empty-nesters find themselves in a position where they no longer need the space they once did in their child rearing years and consider downsizing. Once you have made the decision to downsize, it can be challenging to know what the next best move is for you. Here are 5 tips that can help guide you toward a destination.
Have you always wanted to live by the ocean, in the mountains, a warmer climate? Maybe you love the hustle and bustle of city life or want to buy a smaller home in a community closer to children and grandchildren. Spend some time contemplating how you envision your future. It’s truly up to you at this stage.
This one goes hand-in-hand with location. Are you an outdoorsy type who loves a good hike or kayaking? Is culture and accessibility to restaurants, shops, and stores important to you? The type of lifestyle you seek will help determine which location will be right for you.
Consider how much space you will actually need. Would a one bedroom suffice? Do you have extended family you would like to accommodate from time to time? Perhaps you don’t need the square footage you once did, but you would like a large outdoor space. Are you done with the maintenance of a big yard and ready for a luxury building where any maintenance is handled for you?
The majority of empty-nesters make the switch to one level living whether that’s a single-family home, townhouse, or condo. Open floor plans conducive to entertaining are also popular with this demographic.
Empty-nesters may be ready for less square footage, but they tend to still want some conveniences such as on-site garage parking. They may also be looking for luxury amenities, such as fitness center, media and club rooms for larger gatherings, and maybe even a pool and other.
While this next chapter can be very exciting, many clients say they just don’t know where to begin. It may seem overwhelming early on and even throughout the process, but I’ve guided many empty nesters through each stage. Please contact me to get started on your adventure of purchasing and owning your new home.
One of the most common decisions potential buyers in the city of Boston make is luxury building or brownstone. If you’ve made the decision to go with luxury building, you are now tasked with deciding which one is right for you. Most buildings have a plethora of amenities offered to their residents, but which ones get the most use and which ones can you live without?
This is an obvious one. Since the pandemic, people are craving outdoor space be it private, common, roof deck or courtyard. These spaces are a favorite among luxury building residents.
Remote Work Spaces
Another pandemic-related anomaly. With the 40 hour work week shifting, we’re seeing more people working from home in some capacity. Your condo may work just fine for day-to-day, but for those calls and big meetings, it’s nice to have space available to suit your needs.
Playrooms help fill a gap for city dwellers who may not have the space for a large playroom for little ones. Keeping the mess out of your personal space is an added bonus!
Rooms with billiard tables, foosball, and other adult games are usually buzzing with residents and their friends enjoying a few games after a long day of work and on the weekends.
This amenity, especially the indoor variety, tend to get the most use from families in the building. It’s a great way to burn some energy during the colder months.
Most people will either watch the movie, big game or fight on their own televisions or at a point now where they feel comfortable returning to movie theaters.
Pet Grooming Stations
While pet parks are widely used by residents, most people prefer to take their pet elsewhere for their grooming needs vs. DIY.
Most basketball lovers will join a league or gather with a few buddies outside or at a club; they are not necessarily taking advantage of the court in their building.
Before, but especially since the pandemic, most buildings have stopped offering this service as it’s costly and an immense waste when the food gets left behind.
These sound really cool, but as I was researching this post, article after article unanimously declared golf simulators the most overrated amenity available in luxury buildings.
If you’re looking to learn more about luxury buildings in Boston, contact me and let’s set up a consultation!
Most people know Barbara Corcoran for her role as an investor on Shark Tank, but her background and story is inspirational. This New Jersey native had humble beginnings as the second of ten children in a working class home. She borrowed $1,000 and quit her job as a waitress to start a tiny real estate company in New York City. Over the next 25 years Barbara would parlay that $1,000 loan into a $5 billion real estate business, building the largest and best-known brand in the business.
Dorcas was the first female president of the National Association of Realtors. She elected to the office in 1992 and was also the first woman to serve as the president of her state association. Her service to others in her profession included a key merger of her own real estate firm with other Caldwell Banker firms that provided “an effective career track for our associates.”
Any woman who started and owned a business in the late 1930’s was almost by definition a trailblazer, but Ebby was not satisfied with owning her own hat boutique. She easily transitioned to residential real estate and dominated the Dallas market for decades. She credited her success to simple hard work and caring about the needs of others.
While women have been very successful in residential real estate, commercial real estate has been a much more difficult market. Only 35% of professionals in this sector are women, and virtually all of them work in property management. As vice president of brokerage and development at Lincoln Harris in Charlotte, N.C. Tracy is one of the pioneers in commercial real estate development.
Debra has blazed a trail of success. She took over the helm at Ventas, a publicly traded Real Estate Investment Trust (REIT) in 1999, the firm was facing collapse. The sole tenant of the properties was bankrupt and had stopped paying rent. The firm had a market cap of $200 million and $1 billion in debt. In addition, there were claims of Medicare fraud.
Now, Debra is recognized for returning shareholder 3,981.3 % for the 16 years ended December 31, 2015. She is one of only 23 CEOs named by Harvard Business Review for four consecutive years and one of only two women on the 2017 list. This same year Forbes Magazine recognized her as among the 100 most powerful women in the world.
It feels good to be in such good company as a woman in real estate!
It’s March – which means the spring market is upon us. If you’re thinking of selling your home this season, here are five quick tips to help you prep.
1. Give your entryway a facelift
Your entryway is similar to a first impression as it’s the first space potential buyers will see upon entering your home. Whether it’s small or grand, you want to make sure it communicates functionality and style. Some essentials include a place to sit and take your shoes off, hang your coat, and a table or shelf for “drop off” items.
2. Wash the windows
It’s been a long winter! Do a deep clean on both the inside, outside, and on those window sills. Clean and clear windows contribute to an overall clean vibe in your home.
3. Make small fixes
Touch up the paint, fix that wonky drawer in the kitchen, tighten up hardware, etc. You want to your home to be in the best shape possible before showings.
Less is definitely more when it comes to prepping a house for sale. It’s the perfect opportunity to donate those gently used items you no longer use or wear. Since you’re considering a move, it may be a good time to rent a storage unit to keep any larger unnecessary items that are taking up valuable interior real estate!
5. Bring in the experts
The right realtor will be able to make recommendations, hire a stager, or connect you with the right people to assist with any minor or major home improvements/renovations, and guide you through the entire process from before your home hits the market through closing day and beyond!
If you’re considering a move, contact me and let’s discuss the ways I can help!
Frann Bilus | Gibson Sotheby's International Realty 277 Dartmouth Street, 2nd Floor | Boston, MA 02116 email@example.com | 617.759.4828
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