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It’s always a good thing to consider what you’re grateful for, and this time of year we’re counting our blessings – in terms of real estate. From big homes with more amenities than a deluxe hotel to simple, beachside retreats, here’s a roundup of real estate we’re thankful for.


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Sales of Existing Homes in U.S. Unexpectedly Dropped in June
Jonathan Alcorn/Bloomberg via Getty Images

WASHINGTON — Average U.S. rates on fixed mortgages dropped this week to their lowest levels in four months, a positive sign for the housing recovery.

Mortgage buyer Freddie Mac says the average rate on the 30-year loan fell to 4.13 percent. That’s down from 4.28 percent. The average on the 15-year fixed loan declined to 3.24 percent from 3.33 percent.

Both averages are the lowest since June 20.

Mortgage rates have been falling since September, when the Federal Reserve held off slowing its $85-billion-a-month in bond purchases. The bond buys are intended to keep longer-term interest rates low, including mortgage rates.

And a slowdown in hiring in September makes it more likely that the Fed will continue its stimulus into next year.

When Mortgages change it’s sometimes a good time to sell your building or property and fixing it up is a good place to start:  For all Commercial Painting needs in Louisville, KY.

 

Luxury Real Estate Advice from one of Louisville Kentucky’s Best Most Respected Professionals – Matt Weaver:

Michael Jordan’s suburban Chicago mansion is up on the auction block — not because of foreclosure or bankruptcy, but perhaps because selling a home via auction seems to be an emerging trend in the luxury real estate market. “Instead of being at the mercy of the market and waiting for buyers to make offers, the sellers are able to name the date of their sale and the format, and they don’t have to deal with any negotiations,” Laura Brady, president of Concierge Auctions, which is handling the basketball star’s home sale, told AOL Real Estate.

Although many may think auctions are for collectibles, fine art, and distressed or bank-owned properties — such as the former Versace mansion that sold at auction last month for $41.5 million — home auctions actually have been a growing choice for those selling real estate, especially sellers of unique, high-end properties who want to take control of the sale process, say leaders in the auction industry. Among the advantages: Properties can be sold “as-is,” and with no financing contingency, no post-auction inspection period, etc.

There’s no minimum opening bid for Jordan’s 56,000-square-foot compound, but potential buyers of the former NBA superstar’s estate, which is being sold furnished, do have to put down a deposit of at least $250,000 just to qualify to participate in the home auction. The mansion, pictured above and in slideshow below, features nine bedrooms, 15 bathrooms and a regulation basketball court. The 7.39-acre property currently appears on the Multiple Listing Service priced at $21 million, down from last year’s list price of $29 million.

Concierge Auctions, which has set Nov. 22 as the live auction date of Jordan’s “Legend Point” property, is one of a few companies operating in the luxury real estate auction space. It and competitors such as Grand Estates Auction Company prefer to hold auctions on-site because, they say, it creates a sense of urgency for potential buyers, as well as being expedient and transparent. Participants bid in person, with paddles, as one might at an antique-collectibles auction. Sometimes, however, buyers will bid over the phone.

Grand Estates — which focuses exclusively on those properties — started in 1999 by auctioning off homes valued at $1.9 million and greater. Today the minimum value of a home has to be $2 million. A sister company, Interluxe, deals with lower-priced (but still high-end) homes. As AOL Real Estate has reported, there are even companies that help sellers of for-sale-by-owner properties auction off their homes.

“We were the first to enter the luxury real estate business,” says Grand Estates President Stacy Kirk Reich, who co-founded the company with her mother after one of their own properties sat on the traditional market a bit longer than they would have liked. Concierge began in 2005.

“When the market was on fire in 2005, 2006, 2007, sellers were using the auction because they thought they could exceed appraised values, and that was true in that market period,” Reich told AOL Real Estate in a phone interview. “Then from 2008 forward, when buyers were reluctant to act [under the traditional sales model] because they feared paying too much, auctions continued to surge ahead and do very well because there were sellers who wanted intensive marketing efforts that created an urgency for the buyers to act now.”

At the same time, says Reich, buyers were assured that they weren’t paying too much because they knew what the next closest offer was. The live, in-person auction process provides a layer of transparency that one does not find in closed bidding, in which each potential buyer puts in an offer above the reserve or list price, and they have no idea what the other buyers are willing to pay.

Between 2005 and 2008, said Reich, sellers were able to put reserves on the property that buyers were easily able to meet and exceed. Then as the market trended downward, the “absolute” market strategy became more popular because buyers wanted greater buying opportunities. (The “absolute” auction is when there is no minimum bid. With a reserve, the opening bid has to at least match the minimum amount at which the seller is willing to sell.)

Now in 2013, said Reich, “in many marketplaces where there have been double-digit appreciation — such as parts of Florida, like Naples, Miami and Palm Beach — sellers once again can set a reserve which buyers will bypass because of the rate of appreciation.”

Michael Jordan’s home has no reserve. “I have so many amazing, happy memories of my life in the house over the years,” Jordan, who helped lead the Chicago Bulls to six NBA championships, said in a statement issued through the auction house. “It’s where my kids grew up. It’s where I lived during my championship years. But my kids are grown now and I don’t need a large house there anymore.”

Jordan still has business interests in Chicago, including his restaurants. “Chicago will always have a piece of my heart,” said the basketball legend, who now lives in his home state of North Carolina.

For Home Improvements to any home or house Matt Weaver recommends:  Integrity Home Improvement of Louisville, KY for all your home remodeling needs, whether it be your Kitchen or bathroom repairs or a room addition.

Matt Weaver

Traditional Values / Professional / Family Man / Expert in his Field

These are the words that those who know Matt Weaver use to describe him . . .

Matt Weaver has Helped Hundreds of Families Achieve their Dream of Home Ownership.  Those families that have used Matt’s services will always tell you to just, . . .“Leave it to Weaver”.

Working as a top associate for one of the largest Real Estate companies in the world, Matt has proven, year after year, why he is recognized nationally for his outstanding client service and professionalism.

Matt has been a Full-Time residential Real Estate Agent, Realtor and Licensed Broker in Oldham County, Pee Wee Valley and  the Crestwood  Area of  Kentucky for over 20 years.

Matt lives in this area – not just some agent trying to sell in the area – but living somewhere else . . . Matt Weaver leaves, works and succeeds in Oldham County, Pee Wee Valley and  the Crestwood .   His children go to school there, his family goes to church there and Matt wouldn’t have it any other way.

Matt is married with two children 9 and 12 and knows how important Schools, Parks, Hospitals, Banks, Doctor’s Offices, Shopping and the perfect Neighborhood are to a family’s decision when it’s about buying the perfect home or lot to build.

This is why Matt Weaver has been able to assist hundreds of home owners with listing and selling their property.

Matt is an expert and authority on pricing, showing, listing and selling your home or real estate property in Louisville, KY at the best price possible in the shortest time possible.

Matt has a genuine working knowledge of local schools and all the special Interests involved with raising a family.

His accomplishments in his field as an expert and professional Real Estate Agent are endless:

President`s Circle

Top 5 in the State of Kentucky (Listings Sold)

Top Agent in Crestwood Office

Top 5 in the State of Kentucky (Gross Commission Income)

Top Agent in Louisville

Certified Residential Relocation Specialist

Certified Corporate Relocation Specialist

Licensed Broker Associate in KY

B.S. from Clemson University, 1993 Real Estate

My Next Move: Since My DivorceReal Estate, House and Home Decisions with RealEstate Expert Matt Weaver

My Next Move: Since My Divorce

After 17 years of marriage, Mandy Walker was getting a divorce and she debated whether or not she wanted to keep the house she had raised her family in. Financially, it was too expensive, and, realistically, it was too big for her to manage. So she put it up for sale, but had no luck in the real estate market.

But she couldn’t keep her teenage children displaced for long, so she was forced to buy a new home even though her old one remained unsold. She also chose to remain in the same town, which wasn’t easy since there were very few new housing developments there. So how did she make this transition as easy as possible for her children, while sticking within her budget? Watch the video to find out.

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Call Matt for expert Real Estate advice and information on listing, selling, buying, finding a lot or building your dream home in Oldham County, Pee Wee Valley, La Grange, Anchorage, and all of Metro Louisville including Jefferson County.

Matt's side specialty and hobby is Golf. He can find you a house or home on or near a golf course in any of the areas listed above.

Matt's credentials for serving you: ... Why Choose Matt?