Bel Air Dream Home Worth 250 Million - Celina Vazquez Blog

Bel Air Dream Home Worth 250 Million

Bel Air Dream Home Worth 250 Million - Joining the club of the highest selling # Real Estate Properties on the market. This huge Bel Air dream home is only worth 250 Million to a intrigued buyer. You would be able to get this house if you were actually the real prince of Bel Air. What are # characteristics that make this house worth spending the 250 million?

For Starters, it has a beautiful view overlooking all of Downtown LA, while you're looking over Downtown LA you'll be standing on 17,000 Sq Feet of the outdoor deck, and the whole inside of the house equals to 38,000 Sq Feet.  12 Bedrooms (10 guest rooms and 2 master suites ), 21 Bathrooms, 6 Bars (One that comes to the swimming pool), 3 Kitchens, 1 Giant Movie Theatre which includes( with 40 reclining seats, 22 foot screen, and 7,000 movies already loaded in the 4K Screen Projector), 12 Expensive Cars (altogether worth 30 Million), 100 Art Installations, 4 Lane Bowling Alley (picture below), 2 Wine Cellars, 2 Elevators.

It Even Comes with 7 Full-Time Employees (chef, chauffeur, and masseuse).

This is just one of the few million dollar projects of Bruce Makowsky.

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For More Info on Real Estate Please Call or Visit: 

www.celinavazquezrealtor.com

909-697-0823

3 Questions to Ask If You Want to Buy Your Dream Home

 

3 Questions to Ask If You Want to Buy Your Dream Home - If you are debating purchasing a # home right now, you are probably getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in the # real estate # market. Ask yourself the following 3 questions to help determine if now is a good time for you to buy in today’s market.

1. Why am I buying a home in the first place? 

This is truly the most important question to answer. Forget the finances for a minute. Why did you even begin to consider purchasing a home? For most, the reason has nothing to do with money.

For example, a survey by Braun showed that over 75% of parents say “their child’s education is an important part of the search for a new home.”

This survey supports a study by the # Joint Center for Housing Studies at Harvard University which revealed that the top four reasons # Americans buy a home have nothing to do with money. They are:

• A good place to raise children and for them to get a good education
• A place where you and your family feel safe
• More space for you and your family
• Control of that space

What does owning a home mean to you? What non-financial benefits will you and your family gain from owning a home? The answer to that question should be the biggest reason you decide to purchase or not.

2. Where are home values headed?

According to the latest # Existing Home Sales Report from the # National Association of Realtors (NAR), the median price of homes sold in December (the latest data available) was $232,200, up 4.0% from last year. This increase also marks the 58th consecutive month with year-over-year gains.

If we look at the numbers year over year, # CoreLogic forecasted a rise by 4.7% from December 2016 to December 2017. On a home that costs $250,000 today, that same home will cost you an additional $11,750 if you wait until next year.

What does that mean to you?

Simply put, with prices increasing each month, it might cost you more if you wait until next year to buy. Your down payment will also need to be higher in order to account for the higher price of the home you wish to buy.

3. Where are mortgage interest rates headed?

A buyer must be concerned about more than just prices. The ‘long-term cost’ of a # home can be dramatically impacted by even a small increase in mortgage rates.

The # Mortgage Bankers Association (MBA), the # National Association of Realtors, and # Fannie Mae have all projected that mortgage interest rates will increase over the next twelve months, as you can see in the chart below:

Bottom Line

Only you and your family will know for certain if now is the right time to purchase a home. Answering these questions will help you make that decision.

To See This Blog and Much More On My Website

 Click Here

For More Info Please Call Or Visit: 

www.celinavazquezrealtor.com

909-697-0823

Is This the Year to Move Up to Your Dream Home? If So, Do it Early

It appears that #Americans are regaining faith in the #U.S. #economy. The following indexes have each shown a dramatic jump in consumer confidence in their latest surveys:

1. The #University of #Michigan Consumer Sentiment Index
2. National Federation of Independent Businesses' Small Business Optimism Index
3. CNBC All-America Economic Survey
4. The Conference Board Consumer Confidence Survey

It usually means good news for the #housing #market when the #country sees an optimistic #future. People begin to dream again about the home their #family has always wanted, and some make plans to finally make that #dream come true.

If you are considering moving up to your #dream #home, it may be better to do it earlier in the year than later. The two components of your monthly mortgage payment (home prices and interest rates) are both projected to increase as the year moves forward, and interest rates may increase rather dramatically. Here are some predictions on where rates will be by the end of the year:

HSH.com:

“We think that conforming 30-year fixed rates probably make it into the 4.625 percent to 4.75 percent range at some point during 2017 as a peak.”

Svenja Gudell, Zillow’s Chief Economist:

“I wouldn’t be surprised if the 30-year fixed mortgage rate hits 4.75 percent.”

Mark Fleming, the Chief Economist at First American:

“[I see] mortgage rates getting much closer to 5 percent at the end of next year.”

Lawrence Yun, NAR Chief Economist:

“By this time next year, expect the 30-year fixed rate to likely be in the 4.5 percent to 5 percent range.”

Bottom Line

If you are feeling good about your family’s #economic #future and are #considering making a move to your dream home, doing it sooner rather than later makes the most sense.