It's Important To Frequently Change Your Passwords
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Saturday, January 4, 2014
Friday, January 3, 2014
How High Can Home Prices Get? Think Billions. Yes, Billions
The world's tallest house is also the world's largest. Built in India near Mumbai just four years ago, it is 568-feet high, about the height of your typical 60-story office tower. There are "only" 27 floors, including a two-story fitness center and six floors of family residences to house the owner, his wife, his mother and his three children.
Oh yeah, it has nine high-speed elevators and three rooftop heliports.
Estimates say it was close to $2 billion to build, which also makes it the world's most expensive house.
Otherwise, the most expensive house, or at least the one with the highest advertised price, is the $165 million that was asked for a former home of newspaper tycoon William Randolph Hearst. The 75,000-square-foot villa is set on 6.5 acres in Beverly Hills and has 29 bedrooms and 40 bathrooms.
(This is not to be confused with the Hearst Castle in San Simeon, Calif., which was the world's most expensive house until the place near Mumbai was built.)
Based on data from 2007, the Census Bureau estimates that the typical American moves a dozen times in his or her lifetime. But not Florence Knapp.
Knapp, who died in 1988, lived in the same house in Montgomery Township, Pa., for 110 years. And for that feat, she earns the title as the person who has lived the longest time ever in one residence, according to the 2014 edition of the “Guinness World Records.”
Perhaps the greatest coffee table book ever, Guinness' annual tome is a treasure trove of housing-related trivia, such as the oldest houses, the narrowest and the tallest.
While we're at it, a nod to the world's tallest real estate agents: Laurie and Wayne Hallquist are 6'6" and 6'10", respectively. She's a full-time agent with Prudential California Realty in Stockton, Calif., while he's a part-timer with the company.
Now back to the book, which doesn't always profile the places where we live. This year, it goes whole hog, with sections on palaces, hotels, shopping buildings, offices and urban spaces. Even elevators and escalators are spotlighted.
More about those houses: The oldest were built in a Neolithic settlement in Turkey and date back to 7,500 B.C. The mud-brick houses are entered through a hole in the ceiling that also serves as smoke ventilation for the fires that heat the places.
The skinniest house on record is in Warsaw. It is three feet two inches wide at its narrowest point and just about five feet at its widest. It contains a floor area of 151 square feet, and instead of stairs, occupants climb a ladder to reach the bedrooms above.
Then there's the smallest temporary house, a 1-square-meter wooden "sleeping" structure designed by a German architect two years ago. It weighs just 88 pounds and has wheels so it can be moved from one location to another.
From the smallest to the largest, or at least the one with the most rooms: That title belongs to a place called Knole in Kent, England. It has 365 rooms, or one for each day of the year. It was built around seven courtyards in 1456 by the then-archbishop of Canterbury and extended by the Earl of Dorset 150 years later.
But Knole doesn't hold a candle to Windsor Castle, the largest inhabited castle and the residence of the British Royal Family. Windsor measures 1,890 feet by 540 feet, for a total of more than 1 million square feet.
Windsor's not the largest palace, though. The largest is the Imperial Palace in Beijing, which covers 178 acres. Built by a Ming emperor in the early 1400s, the site now comprises 980 buildings with 8,886 rooms. It hasn't been used as a residence since the 1920s, when the last emperor of China went into exile.
The tallest resident-only building is in Dubai. Princess Tower is 1,356-feet high, with the highest occupied floor at 1,171 feet. But the title of tallest residential apartments belongs to Burj Khalifa, also in Dubai, which combines a hotel, offices and apartments. There, the highest residential floor—the 108th—is at 1,263 feet.
Also worth mentioning is that eight of the world's 10 tallest residential buildings are in Dubai. The other two are in Australia and Shenzhen, China.
The tallest hotel is in Dubai, too. The JW Marriott Marquis stands at 1,165 feet. But the largest hotel is in Las Vegas, where the Venetian and Palazzo towers have 7,017 rooms between them. The oldest hotel dates back to 705 A.D. in Japan, whereas the smallest is in Germany and can accommodate no more than two guests at a time.
Of course, those big houses have to be filled with furniture. So there's the world's largest chair—more than 98 feet tall—in Austria, the longest sofa—2,920 feet—in Norway, the largest rocking chair—42-feet high—in Cuba, Mo., and for the deck, the largest deck chair—31 feet wide and 27 feet high—on display in the U.K.
Lew Sichelman is an independent journalist who has been covering the housing and mortgage markets for more than 40 years.
http://www.nationalmortgagenews.com/features/How-High-Can-Home-Prices-Get-Think-Billions-1040480-1.html
Thursday, January 2, 2014
Tips On Purchasing Foreclosures, We Can Help !
When trying to find a home for you and your household you will certainly discover all sort of bargains, bargains, and so-called values along the road. If your real estate purchase is a financial investment then you may seriously intend to take into consideration the value of foreclosures. If you are expecting to buy real property in order to turn a profit then you could additionally wish to think about these properties that are commonly sold well listed below the normal value of the residential property due to the fact that they are in varying degrees of disrepair.
Foreclosures are properties that have been reclaimed by the lenders considering that the previous owners were overcome paying on the residential property. Being that these residences were commonly had by those in monetary distress and might have been empty for time before being marketed, opportunities are that the repossession residences being sold at any provided time are in some degree of disrepair. The shabbiness of numerous of these properties is just one of the aspects that keeps the prices down. An additional is the reality that the loan providers are basically attempting to recoup their financial investment in the quality. Consequently they are commonly going to take less than the worth of the home if that is just what is owed on the home.
Why are these homes typically in a state of disrepair? Truthfully, there are many factors but the key root cause in this circumstance is cash. Obviously the owners of the house were battling to make the settlements or the residence would not be in the state of repossession. If the notes on the property were hard initially it makes ideal feeling that issues such as leaking roofing systems, shoddy carpets, or plumbing upkeep would certainly take a far-off second in priority to making your house settlement.
At the same time, there are those who are bitter regarding losing their houses. As sad as the circumstance may be some add insult to injury by harming these qualities intentionally. These homeowners feel they have absolutely nothing left to loose and if they could not have their property gap after that the loan providers should not as well. While this is by no suggests the means to go there are much which pick this road over various other alternatives.
The truth is that their reduction in these situations is actually your gain. The damage they do to the residential property is typically not awfully costly to mend though it can be rather irritating. Your readiness to do the work in order to create an attractive residence for you and your household or as a financial investment could commonly mean large cost savings at the closing table or when discussing the price of the home. Foreclosures could allow families to get bigger homes in better areas compared to they would ordinarily have the ability to pay for. They could also offer an amazing kick-start to a quality investment profile.
Regardless of common cases and Web advertising campaigns, you do not should buy a listing in order to discover foreclosed real property in your location. You merely need to obtain the services of a skilled realtor and let him or her know that your intentions are to purchase a confiscated residential property or other quality that is marketing well here market value. You may be astonished at the wide range of information and assistance your real estate agent could give not only in locating outstanding repossessions yet also when it concerns purchasing funding for several of the more artistically ruined repossessions you could stumble upon at outrageous bargain costs.
Tuesday, December 31, 2013
Rising Flood Insurance Rates Sinking Sales in Florida
Rising Flood Insurance Rates Sinking Sales in Florida
A big hike in flood insurance rates has forced home buyers to recede from the market in some areas, drastically hampering home sales, according to...
Friday, December 20, 2013
Tuesday, December 10, 2013
Max Nasab's invitation is awaiting your response
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Monday, December 9, 2013
Home competition down nationwide, up in Seattle
Competition to buy homes declined last month in most areas, but not Seattle.
In fact, Seattle posted the biggest increase out of 22 U.S. markets in the share of listings attracting multiple offers, from 49.2 percent in August to 57 percent in September, Seattle-based online real estate firm Redfin reported. That said, Seattle is still behind San Francisco, Orange County, Los Angeles and Boston for the overall percentage of listings with competition.
Across all 22 markets, the share of homes with multiple offers was 58.3 percent in September, down from 60.5 percent in August and 62.7 percent a year earlier. Competition peaked at 76 percent of listings in March.
"The bargaining power that sellers had earlier this year is gone," Marshall Park, Redfin's Washington, D.C., market manager, said in the report.
Homes sold for an average of 0.4 percent below asking price, but 1.4 percent above asking price in the Seattle area. San Francisco was the only other market where sales prices topped asking prices.
The report also showed the varying ways people make their offers more enticing in different areas. Waiving the financing contingency, for instance, is relatively popular in San Francisco but unseen in Seattle, where winning bidders are more likely to include a personal cover letter to sellers. Pre-inspections are common in Seattle and San Francisco, but not elsewhere.
Click through the gallery above to see more details on the most competitive markets.
Read more real estate news. Visit seattlepi.com's home page for more Seattle news.
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