Tag Archives: Financing a second home

Michael Jordan’s Bear’s Club Florida Estate Features 28,000 Square Feet, Where’s the Water?

Written by Candy Evans on December 6, 2010

You do recall former NBA champ Michael Jordan.  Not only is he known as “the greatest basketball player of all times” but he is gaining a rap as the greatest home builder of all times! Jordan is completing a 28,000 square foot mansion in The Bears’ Club, Palm Beach County, Florida, near where Tiger Woods just completed his grand estate. The builder: Lavelle Builders out of Jupiter, Fla. Of course, Tiger’s estate is surrounded by water on three sides to,  perhaps, keep the paparazzi (among other things) at bay. Jordan’s mega-mansion, which is still under construction, is not even close to the water. But it now goes down as one of the largest, most expensive homes ever built in Florida that is not on the water, says real estate agent Jeff Lichtenstein of Christie’s Great Estates and Illustrated Properties. Lichtenstein knows of what he talks: he sells real estate in the Palm Beach area, which is notoriously filled with high net worth people who like to enjoy a second or third home here because here they have it all: a backyard marina for their yachts, sea, beach, and plenty of gorgeous Florida sunshine.

Posted in Celebrity Homes, Florida homes, Golf Course Homes, Retiring in Style, Second home demographics, Second home trends, Second homes and taxes, Second Shelters | Tagged , , , , , , , , | 1 Comment

Dallas Real Estate News: Alicia Trevino Says Farewell to Real Estate Flippers, Return to Ozzie & Harriet Mode

Written by Candy Evans on November 29, 2010

In between seeking the very best vacation properties at the very best prices, I have been hearing all about real estate in Dallas. And in Texas.

Guess what: it isn’t so bad — here.

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Get a New Job, Get an (Unplanned) Second Home

Written by Candy Evans on November 26, 2010

Kind of like an unplanned pregnancy, more folks these days are ending up with  two or more homes on their real estate hands, making a lot more of us second (or multiple!) home owners. Real estate market conditions have practically stranded homeowners in their homes, which is not the end of the world if you keep a job, pay the mortgage down, and enjoy it. But what if you are offered a job in another city and cannot take it because you cannot sell your home? Countless Dallas Realtors tell me of clients who want to move here, but cannot budge because their home won’t sell. Back in the boom days, companies would move employees and even buy up their homes — many turning a profit on the re-sale. But now, companies are no longer wanting to be within ten hundred feet of the real estate biz.

Posted in Economy, Second home demographics, Second Shelters | Tagged , , , , , | 1 Comment

Financial Real Estate News:How To Buy A Home Away From Home

Written by Candy Evans on October 9, 2010

If you dream of owning a home away from home, start your search by determining how much home you can afford. If you haven’t saved enough for a cash transaction, you’ll need a mortgage, and a banker can help determine what you can afford to pay. Call a loan officer for help in determining the amount of mortgage and type of mortgage for which you qualify. Qualification is based on several factors, including the amount of cash you have for a down payment, your debt-to-income ratio and your credit score.

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