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Debra Wellins

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Are you an UHNW Individual?

Debra Wellins Who are they and do they want? For starters, these uber rich folks have at least $30 million in assets. They are ultra-high net worth indivuduals (UHNW) who buy the finest wines, watches, cars, yachts, jewelry and real esatate. In seeking safe investment diversification, they purchase second homes in foreign countries to gain citizenship or residency status. Acccording to a recent study, there are 211,275 UHNW individuals worldwide who collectively hold nearly $3 trillion (U.S dollars) in real estate assets.  Roughly 10 percent of their net worth is invested in real... Continue Reading >

You Buying? 8 Provocative Questions to Ask a Home Seller

Debra Wellins Most of the time, a home buyer does not have opportunity to directly question a home seller.  Sellers usually make themselves scarce during showings and this is always preferable. When I represent a buyer, if an opportunity presents itself to talk with the seller directly, there are some excellent questions to pose that often elicit answers not required or documented. These questions can be addressed to the seller's agent but the answers will likely be filtered and not as revealing. What's the history of the house? Did you have any... Continue Reading >

Village of Pinecrest Acre Sales

Debra Wellins In the Village of Pinecrest, 13 acre parcels of land this year have transferred ownership.  Five lots were exclusively land sales and eight were homes on acres that sold for land value. Here's the break down. Land Sales: Total 5 When looking at land values, the actual sale price is less significant than the sale price per square foot ($/SF) because parcels very in total square footage. In this study, the land varied from 38,000 to 56,000 square feet or 3/4 to 1.5 acres.  (1 acre = 43,560 SF).  The land that sold for... Continue Reading >

New Modern Estate Fetched Top Dollar in Pinecrest

June single family home sales in The Village of Pinecrest ranged from $5,100,000 for a new modern home with 9 bedroom, 9.5 bath and 10,000 square feet of living space to $433,650 for a 3 bedroom, 2 bath home built in 1957. The top sale price per square foot was $505 and the lowest $212.  The average June sale in Pinecrest was $1,441,825 or $311 per square foot. Click this link to see What's for Sale in Pinecrest. I am an estate specialist in the Village of Pinecrest and your best source for... Continue Reading >

What’s on the Market in Pinecrest Real Estate?

The Village of Pinecrest has a home for everyone.  There's a sprawling Mediterranean estate on over an acre with 9 bedrooms, 10 baths and 16,000 square feet of luxury living offered for $9,599,000. Or, if you are a first time home buyer and have dreamed of living in a wonderful community with great schools and parks, there's a 4 bedroom, 2 bath home with a little over 2,000 square of living space listed for $485,000. Take a look below to view all the properties for sale in Pinecrest and scroll to your... Continue Reading >

Pinecrest Home Sales – Second Quarter Hot Markets

Luxury Market: Sales Over $1 Million In the luxury market, with 13 sales over $1 million, the hot market continued to be between $1 – 1.4 million.  Eleven of the 13 homes that sold in the second quarter were between $1.1 and $1.3 million. This year only two homes sold at the top end between $ 3 – 5 million.   Sales Under $ 1 Million There were 37 single family home sales under $1 million in the second quarter of 2015.  The hot market,... Continue Reading >

Pinecrest Single Family Home Sales – Q2 Market Update

Single-family luxury home sales in the Village of Pinecrest show stability when comparing 21015 and 2014 second quarter sales.  In the under $1 million market, prices have increased.  Take a look at the chart for comparisons. Luxury Market:  Sales Over $1 Million The luxury market had three fewer sales this quarter over the same period last year.  The average sale price was $200,000 less this quarter because the homes that sold were smaller by 400 square feet.  The average sale price per square foot is consistent -... Continue Reading >

Great Photos Sell Homes – So Hire the Best

When I sell a client's home, I want potential buyers to be completely captivated by the photographs that represent the home.  Nothing motivates a buyer more in desiring to see a home than high quality, architectural and design photos that highlight the very best of a property. Now a days, one can snap decent pictures with a good quality digital camera and that may be adequate for the sale of some properties. But there is a huge difference between amateur and professional photographs.  And there is an even greater magnitude of difference... Continue Reading >

Looking for a Chateau in France?

La Vermondie, located in Dordogne, Aquitane, France, is available.  Dating back to the 12th century, this incredible estate is the embodiment of Europe's rich and diverse heritage. Folklore suggests that Richard the Lionheart stored the spoils of war in the vaults beneath the castle, which may once have doubled up as dungeons. Today, all four levels of the chateau are far more inviting, with lavish entertaining space including two sublime salons with dramatic windows, stone fireplaces and oak flooring; two dining rooms; a... Continue Reading >

Upward Trend for Miami Real Estate

The momentum is palpable.  The Miami real estate market is steaming up with international and domestic buyers looking to live in a global city with world-class amentities. Here's a brief market update on single-family homes and condominiums year over year in March, 2015. Miami sales are up 10%. Miami single family homes and condos continue to sell for close to the asking price Miami cash buyers represent more than twice the national average. Short sales continue to decline. Active listings have increased 8.2%. Data provided by the Miami Association... Continue Reading >