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Richard Eimers | Beach Road Realty Inc Blog

Tuesday, February 20, 2024   /   by Richard Eimers

Profits from Home Selling Drop in 2023

Attom: Home sellers made a $121K profit on the typical sale in 2023, generating a 56.5% ROI. While still near record levels, it was the 1st decline in over a decade.

IRVINE, Calif. – Home sellers made a $121,000 profit on the typical sale in 2023, generating a 56.5% return on investment, according to Attom’s Year-End 2023 U.S. Home Sales Report.
But even as both gross profits and profit margins remained near record levels, they decreased from 2022, marking the first declines in either category since 2011.
The gross profit on median-priced single-family homes sales dipped down from $122,600 in 2022 while the profit margin dropped, year over year, from 59.8%. That happened as the median nationwide home price rose at the smallest annual pace in more than a decade.
The profit fallback came during a year of ups and downs for the U.S. housing market that featured flat prices early in 2023, followed by a spike in the Spring and a drop-off in the fourth quarter. ...

  beach road realty, richard eimers, eimers group

Tuesday, February 20, 2024   /   by Richard Eimers

What’s Your Homebuying Personality—FOMO, YOLO—and How Is It Holding You Back?

When shopping for a home, your lifestyle and personality carry a lot of weight in your decision-making process.
If you’re outgoing, you might lean toward a house in a walkable neighborhood with a friendly vibe. On the flip side, if you covet peace over chit-chatting with neighbors, a home in the country might fit the bill.
Yet you just can’t pull the trigger when you find a house you like. Why? Your homebuyer personality type might be holding you back, thwarting your ability to take the plunge.

Don’t sweat if you can identify with one of the following homebuyer personality types. We asked a real estate agent and a therapist for advice on how to overcome these psychological traps preventing you from making an offer. Here’s what they had to say.
The FOMO buyer
The FOMO (fear of missing out) buyer is afraid if they make an offer, they’ll miss out on that amazing house that has yet to come on the market.

The problem? The perfect home might not exm ...

  beach road realty, richard eimers, eimers group

Sunday, February 18, 2024   /   by Richard Eimers

Alrighty Then! Jim Carrey Drops the Price of His Sprawling L.A. Compound to $24M

Jim Carrey, famous for starring in a long list of films including “The Mask” and “Bruce Almighty,” has lowered the price of his longtime Los Angeles lair to $23,950,000.
The actor, who’s been busy working on “Sonic the Hedgehog 3,” initially listed the estate in February 2023 for nearly $29 million.
The estate built in 1951 last changed hands in 1994, when it was sold for $3.8 million, according to property records. The five-bedroom, nine-bath home comes with 2 acres and no shortage of luxe details.

The home has a waterfall pool and spa plus a guesthouse.

If you have dreams of owning your own serene L.A. oasis, this “cherished celebrity estate,” as the listing calls it,  is the home for you.
Behind a gated entrance is the contemporary ranch-style home offering 12,700 square feet of living space.
The massive living room has a high beamed ceiling, extra-wide doorways, and French doors to the outside. m ...

Sunday, February 18, 2024   /   by Richard Eimers

Do You Believe? Cher Lowers the Price of Her Magnificent Malibu Mansion to $75M

Legendary singing sensation Cher, known for hits like “If I Could Turn Back Time” and “Believe,” has dropped the price of her Malibu mansion.
The superstar previously put the seven-bedroom, nine-bath property on the market in 2022 for $85 million, before trimming the ask to $75 million recently. She purchased the cliffside parcel for $2.95 million more than 30 years ago.
Built in 1999, this meticulously designed, 13,000-square-foot abode is set on 1.7 acres. It’s a short drive from the ocean and popular neighborhood beaches and restaurants.

The Mediterranean-style home was built in 1999.

Coastal living
This Mediterranean-style property combines the luxe look of European architecture with the easy-breezy feel of California living.
The Italian palazzo’s gated, arched entrance leads into its private courtyard. Inside the home, stately living rooms with floor-to-ceiling windows and diamond-coffered ceilings await.
In the goum ...

Sunday, February 18, 2024   /   by Richard Eimers

The Daytona 500 Is Revving Up: Let’s Take a Spin Through the Mansions of NASCAR’s Biggest Stars

One particular area has been a magnet for drivers past and present: Lake Norman. The large body of water just north of Charlotte offers a variety of luxury home options right on the water. For drivers who enjoy an adrenaline rush on the track, captaining a boat on the placid waters away from the raceway is a welcome respite.
Want to take a spin through the top drivers’ awe-inspiring homes? We started at the top with last year’s winner and went in order of 2023 finish. Start your engines!
Ryan Blaney
Ryan Blaney
(James Gilbert/Getty Images)

The 2023 NASCAR champ upgraded—and downsized—his living situation in 2020.
Four years ago, Blaney splurged on a five-bedroom, 4,688-square-foot home in Mooresville, NC. The place was listed for $1,649,000, but Blaney managed to squeak out a tiny discount and snag the place for $1.6 million.
Done up in a modern farmhouse style, the elegant residence offers a spacious backyard highlighted by a private courtyard, barm ...
Beach Road Realty Inc
Richard Eimers
17 Roundwood Drive
Inlet Beach, FL

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