Category: Real Estate
What do you know about the 800 Club? Find out exactly what the 800 Club is, the benefits club members get and what you can do to become a member yourself.
A good credit history means good rates on loans and other credit facilities. Once damaged though, rebuilding your credit can be difficult. However, you can get started by using a secured credit card that is easier to acquire than most other lines of credit. In this post, we shall look at how to increase your […]
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A gorgeous home in a private, yet convenient, location was an ideal place for the legendary recording artist Robbie Robertson to settle down and let the inspiration flow.
Now the songwriter behind “The Weight” is hoping to offload his prestigious perch. Robertson’s Beverly Hills, CA, home is on the market for $4,195,000.
Robertson purchased this sanctuary in 2012 for $2,676,755, and it’s been remodeled over the past decade. The home now sports a minimalist, modern aesthetic, with clean lines, new finishes, and up-to-date technology.
He first put it on the market in July 2020 for $4,895,000, and has gradually reduced the price over the months since.
The legendary musician wasn’t just working on tunes behind the front gates of this private sanctuary.
âRobertson bought this home as an escape to pen what would become his New York Times best-selling autobiography, ‘Testimony,’â says the listing agent, Ben Lee of Coldwell Banker Realty.
Lee also notes the appeal of the home’s setting and central location, high on North Beverly Drive across from Franklin Canyon Park.
“One of Beverly Hillsâ best-kept secrets,” he says, “this ultra-private getaway boasts an incredibly scenic landscape, while remaining six minutes from the Beverly Hills Hotel.â
It must have been the ideal place for out-of-town collaborators of the former member of The Band, whether they stayed in one of the home’s five bedrooms, or in the nearby hotel. Guests could also make good use of the eight-car parking area at the end of the long and winding driveway.
The home has high ceilings, an open floor plan, and floor-to-ceiling glass windows and doors. The large windows connect people in the home to the lush canyon foliage and views.
Adding to the home’s modern vibe are glistening walnut floors, a floating staircase, and a gleaming state-of-the-art kitchen with stainless-steel appliances, custom cabinetry, and a generous central island with a cooktop.
Sophisticated smart home technology is in place, and, naturally, there’s a professional-grade sound system.
Although the design is modern, the 3,219-square-foot residence has a cozy, inviting feeling, thanks to its four fireplaces. Even the cars stay warm (or cool) in the temperature-controlled garage with quartz flooring.
At least one of the five bedrooms appears to have been used for studio purposes. The lavish master bedroom suite features a fireplace, canyon views, a large walk-in closet, and a deck. The master bathroom has a new steam shower, sunken tub, and still more views.
The 1-acre grounds have a retreatlike feel. Outdoor accoutrements include a spacious patio deck made of limestone and Brazilian ipe wood, two fire pits, and a hot tub that flows into a tastefully lit modern pool.
Robertson, 77, served as lead guitarist and songwriter for The Band. He penned rock classics like “The Night They Drove Old Dixie Down,” “Up on Cripple Creek,” and “Somewhere Down the Crazy River.”
As a solo artist and composer, he’s also known for musical collaborations on Martin Scorsese films, among them “Raging Bull,” “Casino,” “The Departed,” “The Wolf of Wall Street,” and “The Irishman.”
The post Rock Legend Robbie Robertson Is Selling His $4.2M Beverly Hills Retreat appeared first on Real Estate News & Insights | realtor.comÂ®.
If you’re a die-hard Supernatural fan like us, you’re probably still reeling from the show’s finale and coping with the fact that there won’t be any new Winchester adventures for us to follow. But weâre not here to talk about that, but rather snoop into the private life of one of the series’ leading men. More specifically, Jensen Acklesâ house — which we actually think Dean Winchester would approve of.
The actor starring in CWâs longest running show and his wife Danneel opened up their 7,500-square-foot home in Austin, Texas to Architectural Digest, giving us a rare glimpse into the heartthrob’s home and personal life.
As the story goes, the couple was relocating from Los Angeles and initially considered buying a house down the road when they noticed this property (that wasnât even for sale). But since they fell in love with it, the couple went ahead and asked the previous owners if they’d be willing to sell. And since it’s not easy resisting Jensen Ackles’ charms, they managed to convince the owners so the Acklesâ moved on to the next step â- redecorating the house.
To help out, they hired architect Paul Lamb and interior designer Fern Santini and together they came up with some brilliant ideas on how to best revamp their already-stunning new house.
âIt was imperative that the house express the Ackleses — young, bold, and irreverent,â Lamb told AD.
Jensen Acklesâ house, which boasts five bedrooms, revolves around Danneelâs decorating outlook of âmore is more is more!â There is a lot of color, texture, a lot of wood work going on to make it look like a lake house and endless decorations with some of the coolest background stories.
Let there be music
In Supernatural, Jensen loves music. Remember his spontaneous Eye of a Tiger outtake? Still fun to watch! Thereâs definitely more of where that came from in real life, since Jensen did his best to create an amazing acoustic sound in his house.
The living room is scattered with guitars and all across the shag rug lie comfy and colored floor pillows. All this because the couple loves having friends over, sitting on the floor, singing and playing the guitar.
Jensen was excited to talk about one of his favorite features of the house: âThe hand-scraped wood floors undulate quite heavily, and weâve got these giant beams and wood all around that feel like youâre in the hull of a giant ship.â âWhat that does is it creates an amazing acoustic sound,â he continues. âWeâve always had music in our lives, and we wanted to pass on that tradition.â
Jensen’s kick-ass bar
Theyâve taken care of the music, and to complete the ambiance they got rid of the formal dining room (that nobody used anyway) and replaced it with a kick-ass bar.
Placed on one end of the large living room, the bar is made out of black walnut with black and white veined marble. The cabinets were specially made to light the expensive bourbons it holds inside.
The master suite
Thereâs a master bedroom swaddled in Trove wallpaper bearing vintage photography of 1920s opera boxes.Â The wallpaper is covered in sections by Japanese-inspired barn door panels âbecause sometimes you need an audience and sometimes you donâtâ.
The master bathroom has a beautiful
bathtub sitting in front of a large window that provides a stunning view to the
The Mr. and Mrs. own two separate counters, because, you know, it just makes things easier in the mornings; and the inspiration for their master bathroom shower came from an Architectural Digest story featuring a steel and glass shower in the home of Neil Patrick Harris.
Jensen Ackles’ bright, wood-framed home
Thanks to exposed beams, larger expanses of windows, and rich wooden ceilings, the architect managed to simplify and open the spaces. They simply tore down walls to let more natural light into the home.
Jensenâs favorite space is the breezy two-story screened porch that transformed the entire profile of the house; and his favorite piece â a custom long table made using a 2,000-year-old cypress log.
Parents of three
Jensen and Danneel have three beautiful children, so they had to choose the decor and furniture according to their needs as well. It appears that the coupleâs eldest daughter would make a great interior designer once she grows up. The six-year-old girl, JJ, helped pick out all her own bedroom decor.
Unsurprisingly, the kidsâ favorite toy is a rolling acrylic table from the â50s, placed in the kitchen. Everybody loves a happy kitchen!
Jensen Ackles’ home is full of hidden gems
The actorâs house is a personalized, eccentric, yet highly livable place. It was designed to resemble the Laurel Canyon bungalow the couple had once lived in and itâs a testament to the old school, Austin-style lake house.
The space is filled with all kinds of eccentric and eclectic objectsâsome useful, some decorative, some both. The decorations could be found in abundance in Austin during its bohemian period (the Acklesâ are active supporters of local art), as well as in late-60s California.
More beautiful celebrity homes
Rob Loweâs Gorgeous House in Montecito is Back on the Market for $42.5 Million
Luxurious Malibu Estate Previously Owned by Kelsey Grammer On the Market for $20M
âHunger Gamesâ Actor Josh Hutcherson is Selling His Celebrity-Magnet âTree Houseâ in Hollywood Hills
Jessica Albaâs Los Angeles House is a Pinterest-Perfect Dream Home
The post Inside Supernatural Star Jensen Ackles’ ‘Very Hip’ Lake House in Austin appeared first on Fancy Pants Homes.
A star-studded home in the heart of Hollywood Hills has hit the market for $30 million this week. Formerly owned by Prince, Elizabeth Taylor, Russ Weiner, and Carlos Booze, this home has a ton of character and charm.
The post Princeâs Former Los Angeles Mansion Lists for $30 Million appeared first on Homes.com.
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Millions of Americans struggling to make their monthly mortgage payments because of COVID-19 have received relief through the Coronavirus Aid, Relief, and Economic Security Act.
But mortgage forbearance is only temporary, and set to expire soon, leaving many homeowners who are still struggling perplexed on what to do next.
Enacted in March, the CARES Act initially granted a 180-day forbearance, or pause in payments, to homeowners with mortgages backed by the federal government or a government-sponsored enterprise such as Fannie Mae or Freddie Mac. Furthermore, some private lenders also granted mortgage forbearance of 90 days or more to financially distressed homeowners.
According to the Mortgage Bankers Association, 8.39% of loans were in forbearance as of June 28, representing an estimated 4.2 million homeowners nationwide.
So what are affected homeowners to do when the forbearance goes away? You have options, so it’s well worth contacting your lender to explore what’s best for you.
âIf you know you’re going to be unable to meet the terms of your forbearance agreement at its maturity, you should call your loan servicer immediately and see what options they may be able to offer to you,” says Abel Carrasco, mortgage loan originator at Motto Mortgage Advisors in St. Petersburg, FL.
Exactly whatâs available depends on the fine print in the terms of your mortgage forbearance agreement.Â Hereâs an overview of some possible avenues to explore if you still canât pay your mortgage after the forbearance period ends.
Extend your mortgage forbearance
One simple option is to contact your lender to request an extension.
Homeowners granted forbearance under the CARES Act can request a 180-day extension, giving them a total of 360 days of forbearance, according to the Consumer Financial Protection Bureau.
The key is to contact your lender wellÂ before your forbearance expires. If you let it expire without an extension, your lender could impose penalties.
âIf you just stop making regular, scheduled payments, you could have a late mortgage payment on your credit,” warns Carrasco. “That could severely impact refinancing or purchasing another property in the immediate future and potentially subject you to foreclosure.â
Keep in mind, though, a forbearance simply delays payments, meaning theyâll still need to be made in the future. It doesnât mean payments are forgiven.
Refinance to lower your mortgage payment
Mortgage interest rates are at all-time lows, hovering around 3%. So if you can swing it, this may be a great time to refinance your home, says TendayiÂ Kapfidze, chief economist at LendingTree.
Refinancing could come with some hefty fees, however, ranging from 2% to 6% of your loan amount. But it could be worth it.
A lower interest rate will likely lower your monthly payment and save you thousands over the life of your mortgage. Dropping your interest rate from 4.125% to 3% could save more than $40,000 over 30 years, for example, according to the Consumer Financial Protection Bureau.
âLenders have tightened standards, though, so you will need to show that you are a good candidate for refinancing,â Kapfidze says. Youâll need a good credit score of 620 or higher.
As long as youâve kept up your end of the forbearance terms, having a mortgage forbearance shouldnât affect your credit score, or your ability to refinance or qualify for another mortgage.
Ask for a loan modification
Many lenders are offering an assortment of programs to help homeowners under hardship because of the pandemic, says Christopher Sailus, vice president and mortgage product manager at WaFd Bank.
âLenders quickly recognized the severity of the economic situation due to the pandemic, and put programs into place to defer payments or help reduce them,â he says.
A loan modification is one such option. This enables homeowners at risk of default to change the terms of their original mortgageâsuch as payment amount, interest rate, or length of the loanâto reduce monthly payments and clear up any delinquencies.
Loan modifications may affect your credit score, but not as much as a foreclosure. Some lenders charge fees for loan modifications, but others, like WaFd, provide them at no cost.
Watch: 5 Things to Know About Selling a Home Amid the Pandemic
Put your home on the market
It may seem like a strange time to sell your home, with COVID-19 cases growing, unemployment rising, and the economy on shaky ground. But, itâs actually a great time to sell a house.
Pending home sales jumped 44.3% in May, according to the National Association of RealtorsÂ®â Pending Home Sales Index, the largest month-over-month growth since the index began in 2001.
Home inventory remains low, and buyer demand is up with many hoping to jump on the low interest rates. Prices are up, too. The national median home price increased 7.7% in the first quarter of 2020, to $274,600, according to NAR.
So if you can no longer afford your home and have plenty of equity built up, listing your home may be a smart move. (Home equity is the market value of your home minus how much you still owe on your mortgage.)
Consider foreclosure as a last resort
Foreclosure may be the only option for many homeowners, especially if you fall too behind on your mortgage payments and canât afford to sell or refinance. In May, more than 7% of mortgages were delinquent, a 20% increase from April, according to mortgage data and analytics firm Black Knight.
âWhen to begin a foreclosure process will vary from lender to lender and client to client,â Sailus says. âCurrent and future state and federal legislation, statutes, or regulations will impact the process, as will the individual homeownerâs situation and their ability to repay.â
Foreclosures wonât begin until after a forbearance period ends, he adds.
The CARES Act prohibited lenders from foreclosing on mortgages backed by the government or government-sponsored enterprise until at least Aug. 31. Several states, including California and Connecticut, also issued temporary foreclosure moratoriums and stays.
Once these grace periods (and forbearance timelines) end, and homeowners miss payments, they could face foreclosure, Carrasco says. When a loan is flagged as being in foreclosure, the balance is due and legal fees accumulate, requiring homeowners to pay off the loan (usually by selling) and vacating the property.
âAbsent participation in an agreed-upon forbearance, deferment, repayment plan, or loan modification, loan servicers historically may begin the foreclosure process after as few as three months of missed mortgage payments,â he explains. âThis is unfortunately often the point of no return.â
The post Is Your Mortgage Forbearance Ending Soon? What To Do Next appeared first on Real Estate News & Insights | realtor.comÂ®.
Will a second wave of COVID-19 mean “boom” or “bust” for the housing market? With the trends we’re seeing now, there are a couple of possibilities to expect.
The post What Could a Second Wave of COVID-19 Mean for Housing Markets? appeared first on Homes.com.
Along with the excitement of purchasing a new home, comes the additional costs that you will be expected to pay as a homeowner. Apart from covering the mortgage of your home, you’ll have additional expenses – such as home insurance – that you will be expected to cover. If you’re looking to budget for a home purchase, it’s important that you consider these costs as they can add up to thousands of dollars each year.
To help you make educated decisions when budgeting, we’ve compiled a list of the major home ownership costs in one free, downloadable guide. Get the Home Ownership Costs to Consider guide here.
Home insurance policies help protect against serious damage and destruction, like fires, leaks, floods, or break-ins. It also protects a homeowner from personal liability. Some banks may offer home insurance products, although you can typically purchase a home insurance policy through a home insurance agent or broker.
Tip: You may get better rates if you use a broker or agent. It’s also important to keep in mind that policies typically renew on an annual basis.
The cost of maintenance fees should be taken into account when you’re buying a condo. This recurring cost is in addition to your mortgage and impacts how much home you can afford.
Your mandatory monthly fee will vary by your building and square footage. It typically covers:
- Utilities (such as water and garbage collection)
- Building insurance
- Maintenance of common areas (such as the gym, pool, front desk, hallways, landscaping)
- Building reserve fund (covers emergencies and long-term maintenance projects such as a new roof or elevators repairs)
What Are Status Certificates?
If you’re looking to purchase a condo, you’ll want to look into obtaining a status certificate so that you have as much information about the building and your unit as possible before buying. A status certificate provides valuable information about the condo corporation and its financial
situation. It includes details on the budget, legal issues, the reserve fund, maintenance fees, and any fee increases expected in the future.
Tip: You’ll want to carefully review your status certificate with your lawyer before making a purchase.
Property taxes are paid annually by homeowners to their municipality. These taxes are ongoing and are separate from your mortgage. Your annual property tax can often be paid in installments.
Tip: It’s important to remember that this cost is not due at closing, but is a recurring cost.
How Are Property Taxes Calculated?
Your property tax rate will vary depending on the value of your property as assessed by your provincial assessment authority. This is then multiplied by a rate that falls between 0.5% to 2.5%.
How Do You Pay Property Taxes?
You can pay your property taxes either through your mortgage provider or directly to your municipality.
Your Utility Bills
When you purchase a home, you’ll have to set up or transfer your utility bills to your new home. If you live in a condo, these costs may be included in your monthly maintenance fee. Your utility bill will include:
- Hydro (electricity)
- Water and Garbage
- Internet, Phone, Cable
For the full details on the home buyer’s journey including examples, advice, pictures and sample calculations, download a copy of our free Home Ownership Costs to Consider Guide here.
The post A Guide To Everything You Need To Know About Home Ownership Costs [Free Download] appeared first on Zoocasa Blog.
Joe Braun Photography
A place where people used to dance the polka all night long is available for purchase. Accordion not included.
The property on 13th Street in Omaha, NE, is on the market for $999,900, and offers an array of opportunities for an enterprising buyer.
âOriginally, it was a Czechoslovakian dance hall, and then it was converted into a bar,â explains the listing agent, Drew Halvorson.
Built in 1895, the main hall was also a popular restaurant, before an artist and home renovator team purchased the property in 1993 and worked their magic. There are now three separate living spaces on the property.
The former dance hall became their home, and the parking lot was transformed into a 5,000-square-foot garden.
Vines, fountains, and plenty of other interesting touches decorate the space.
âWhen you first come in the gate, you walk into this very serene and beautiful garden,â Halvorson notes. âOnce you get to the center of it, it opens up, and you have a big deck space and little seating areas throughout the entire courtyard.â
The main house measures 3,324 square feet, with two bedrooms and 2.5 bathrooms. Overhead, the ceilings soar to a height of 20 feet.
Watch: Back to School? Giant Tennessee Home Was Once an Educational Institution
âAn open floor plan and tons of natural light throughout the whole home from skylights,â Halvorson says, âItâs an entertainerâs dream.â
The kitchen and dining areas sit just off the main living space. Halvorson touts the kitchen as a great space for gathering.
It has a large island, high-end appliances, a custom range hood, and a pantry with plenty of storage.
The two large bedrooms are upstairs, at opposite ends of the house, each accessed by a huge staircase.
Halvorson explains that the master bedroom has a fireplace, two walk-in closets on either side, and a huge, wraparound bathroom.
A ladder goes up into an additional space that the current owners use as a place for yoga and meditation. A door leads out to a rooftop deck with views of the city skyline.
The guesthouse on the property has two apartments. One has three bedrooms and 1.5 bathrooms, and the other is a basement unit with one bedroom and one bathroom.
Built in 1890, the building was originally called the Settlement House. It was used as a boarding house where immigrants could live until they learned English, found a job, and saved enough money to move out.
Both units could provide a buyer with steady revenue to offset the monthly mortgage payment.
âThe property itself could provide some very good income,” says the agent.
Halvorson says the larger, two-story unit rents for $1,750 a month, and the smaller one nets about $750.
He’s targeting investors and adds that the units could serve either as long-term rentals or be offered as a nightly vacation rental.
The Omaha downtown area, zoo, and other attractions are nearby, making the spot attractive for vacation rentals.
There are also three detached garage spaces, a rarity in the neighborhood known as Little Bohemia.
âA one-car garage is a win in this old historic area of Omaha,â Halvorson says. âWhen it was originally built, there just were not a lot of garages or carriage houses whatsoever.â
Since the property was once zoned commercial, the new owners could keep the space as residential or convert it back into a bar or other commercial venture.
âThe perfect buyer is probably somebody who has the vision for mixed use. Somebody who maybe wants to live in the main house and have some income on the side with the rental property. I think that would be perfect scenario No. 1,â Halvorson notes.
Scenario No. 2, he adds, might be somebody who decided to live in the main house and to turn the second house into a bar and use the courtyard as a beer garden.
The post Waltz Away With a Cool Buy! Czech Dance Hall in Omaha Transformed Into a Residence appeared first on Real Estate News & Insights | realtor.comÂ®.