I spend about an hour every morning scouring the internet for interesting and informative media on Real Estate as research for writing my Blog. Today instead of writing an article I would like to share a few paragraphs and links to some interesting sites with articles I have come across.
In a recent study conducted by the trade association, 89 vacant occupied and un-staged homes were listed. These homes spent an average of 166 days on the market. However, when these exact same homes were professionally staged and relisted, they only spent an average of 32 days on the market — a 73% decrease in time spent on the market.
Ellen DeGeneres and Portia de Rossi may be parting ways with their Thousand Oaks ranch in the very near future. The Los Angeles Times reports that the celebrity couple’s Hidden Valley retreat is currently showing a status of “looking for backup,” which (for those of you who are not Realtors) generally means a bid has been accepted but the seller is still fielding other offers.
From The New York Times:
This four-bedroom three-bathroom chalet was built in 2003. It is on the sunnier and more-desirable east side of Lake Annecy. The continuing popularity of lakefront property, especially for overseas buyers fleeing unstable economies, has helped the town of Annecy weather the financial crisis better than most areas. This 2003 chalet, built of concrete and siding construction, is on the desirable east side of Lake Annecy in the community of Veyrier du Lac. See more photos here.
In Case You Want to Buy
Here is a description of the property and FYI there are no restrictions on foreigners in France. Agents charge a fee of about 5 percent, paid by the seller. All transactions must go through a notary public, who oversees the contract and closing, handles negotiations, and collects all transaction taxes and fees owed to the government.