Donald Trump House Hunts in a Surprising Place—Which Home Will He Pick?

donald trumpTasos Katopodis / Stringer / Getty Images

Is the 45th president house hunting in Florida?

Once his term in the White House ends in January, Donald Trump and wife Melania may be looking to secure a new home base in Palm Beach, FL, according to Page Six.

Apparently the Trumps have been shopping for a megamansion in the area, and poking around at private schools for their teen son, Barron.

Wait a minute! They already have a crash pad in Palm Beach: the private quarters within Mar-a-Lago, a club Trump purchased in 1985. Why don’t they just move in there? Well, per an agreement Trump made with the the town of Palm Beach, Mar-a-Lago, as a social club, does not allow anyone to live there permanently—even its owners.

So while the couple may stay at Mar-a-Lago for a bit, they’ll need to search for permanent digs elsewhere, and they’ll have plenty of family in the area.

Ivanka Trump and Jared Kushner have already ventured south to purchase a 2-acre plot on Indian Creek Island, which is known as Billionaires Bunker. Plus, Palm Beach and its environs are popular with many bold-faced names, including star QB Tom Brady and his wife, supermodel Gisele Bündchen, and the billionaire Carl Icahn.

But which home in Palm Beach will the Trumps pick? Here are five homes for sale we’ll bet they’ll consider since they tick all the P boxes: posh, palatial, and presidential.

1341 S. Ocean Boulevard, Palm Beach

Price: $110,000,000

1341 S. Ocean Blvd.

realtor.com

The swankiest spot available right now is also the most expensive, at nine figures. But it’s worth every penny to look out over the ocean and then pad down to your own pristine white-sand beach every morning with your coffee.

At more than 28,000 square feet, this massive two-story Mediterranean estate features seven bedrooms, nine full baths, and six half-baths, as well as miles of marble in multiple rooms. There’s also a guest cottage, stunning pool, exercise room, elevator, plus a security system and gatehouse for the Secret Service to set up shop.

___

Watch: This Is Where Donald Trump Grew Up–and You Can Stay There, Too

___

1330 S. Ocean Boulevard, Palm Beach

Price: $56,500,000

1330 S. Ocean Blvd.

realtor.com

If the Trumps are willing to trade the ocean for lesser waters, they can head right across the street to this listing. For half the price, the famous couple can make do with six bedrooms and seven baths spread over nearly 16,000 square feet of living space.

At just 4 years old, this contemporary abode sits on about 2 acres and comes completely furnished. There’s also a private dock, deeded beach access, and gorgeous lanai overlooking the pool.

520 Island Drive, Palm Beach

Price: $52,900,000

520 Island Drive

realtor.com

This mansion is a bit smaller than the others, but it sports two docks on either side of the house and direct access to the Intracoastal Waterway. The president and his family will enjoy six bedrooms and nine baths, take in the views from the balcony, and paddle around in the heated saltwater pool.

But the best part just might be the bonus loot that comes with the asking price. The right bidder for this property, which is called Lago-a-Lago (Lake to Lake), will also be the owner of $2,000,000 worth of furniture and art.

101 Seminole Avenue, Palm Beach

Price: $37,500,000

101 Seminole Ave.

realtor.com

Perhaps a classic Palm Beach home is more to the Trumps’ taste? This Mediterranean-style manse with a barrel tile roof oozes old-world charm, though it was built in 2007.

Mature palms surround the lovely pool and spa, while soaring ceilings highlight huge windows opening to lush lawns. The property sits on just over a half-acre and features six bedrooms, seven baths, a wine room, and deeded ocean access.

120 Jungle Road, Palm Beach

Price: $35,000,000

120 Jungle Road

realtor.com

Lastly, a home with real history. Built nearly 100 years ago, this gated estate with seven bedrooms and seven baths has been completely restored with every modern amenity, including a sound system, wine storage, and chef’s kitchen. Other luxe details include a huge home gym, billiard room, sun-drenched public rooms, and a palatial master suite.

The post Donald Trump House Hunts in a Surprising Place—Which Home Will He Pick? appeared first on Real Estate News & Insights | realtor.com®.

Source: realtor.com

Former Dodgers Outfielder Yasiel Puig Sells Encino, CA, Home for $2.7M

Yasiel Puig Encino homerealtor.com, Joe Robbins/Getty Images

The former Los Angeles Dodgers outfielder Yasiel Puig has cut another tie to Southern California. His five-bedroom home in Encino, CA, sold for $2,746,000 in early November. It originally went on the market in February 2020, with a list price of $3.2 million.

Puig wound up taking a 14% discount off his initial asking price and basically broke even on the $2.65 million he paid in 2017.

The gated estate was marketed as being owned by a professional athlete and suitable “for the discerning buyer that demands privacy.”

Located close to Highway 101 and Ventura Boulevard, the luxe, 5,279-square-foot home is within walking distance of restaurants and shops.

The living room on the large main floor has a lovely fireplace and a formal dining room, both of which have large windows with ample natural light.

The main level of the home includes a guest suite and office, and for entertaining guests in the warm California sun, there’s a beautiful interior courtyard.

YP
Front exterior of home in Encino, CA

realtor.com

YP
Living room

realtor.com

YP
Chef’s kitchen

realtor.com

YP
Dining room

realtor.com

YP
Family area

realtor.com

YP
Master bedroom

realtor.com

YP
Master bathroom

realtor.com

YP
Courtyard

realtor.com

YP
Pool and hot tub

realtor.com

The chef’s kitchen is elaborate and includes all stainless-steel appliances, custom cabinetry, an eight-burner Wolf range with double ovens, three dishwashers, and an oversized island. For additional storage, there’s a walk-in pantry.

The second floor includes a lavish master suite that has a tray ceiling, sitting area, fireplace, and a private terrace overlooking the backyard. The luxurious master bathroom area includes two walk-in closets.

Just outside is a covered patio with a grill, refrigerator, and sink. The backyard is a beautiful retreat with well-maintained landscaping and has a large swimming pool and hot tub.

___

Watch: Major League Baseball Wife Julianna Zobrist Talks How to Be a Moving MVP

___

According to a report in Variety, Puig purchased the property in 2017 for $2.65 million.

In 2015, he bought an estate in Sherman Oaks, CA, for $1.8 million.

According to property records, Puig currently owns three other properties. Two are located in Miami-Dade County: A six-bedroom home he purchased in 2012 for $1.5 million, and another brand-new home purchased in early 2018 for an undisclosed price.

Puig’s third home is located in Avondale, AZ. He purchased that four-bedroom desert home in early 2017 for $295,000.

Puig, 30, didn’t play at all in the truncated 2020 MLB season. In 2019, he split his time between the Cincinnati Reds and Cleveland Indians after starring with the Dodgers for six seasons.

A native of Cuba, he was the runner-up for the National League Rookie of the Year in 2013 and was named an All-Star in 2014. He’s currently a free agent.

Puig was represented by Felicia G. Morris with Searchlight Realty.

The post Former Dodgers Outfielder Yasiel Puig Sells Encino, CA, Home for $2.7M appeared first on Real Estate News & Insights | realtor.com®.

Source: realtor.com

3 Big Reasons Your Home Offer Was Rejected—and How To Play It Right Next Time

handing over keysNatee Meepian/Getty Images

For first-time home buyers, finding the perfect place to settle down is hard enough. But then to have the offer you’ve made on it rejected? You might be tempted to start reconsidering this whole homeownership thing altogether.

But hold on! Having your home offer rejected doesn’t have to mean it’s back to renting. In fact, if you play your cards right, you might just be able to turn that rejection around—or at least learn from the experience and come back a stronger candidate the next time.

The most important aspect of a rejected offer is understanding why it was rejected, and for that we turned to the experts. Here are a few common reasons your home offer might have been rejected, and a few helpful tips on what you can do about it.

3 common reasons sellers reject home offers

Home offers are rejected for myriad reasons. Here are some of the most common ones, as explained by the experts.

1. Your offer was too low

The first and most obvious reason your home offer could have been rejected is if the dollar amount didn’t meet the seller’s expectations. This might mean your offer was insultingly low, or that it was just low compared with other offers.

Often, buyers “believe the best way to start a negotiation is with an offer that’s lower than what they’re willing to pay,” says Colby Hager, owner of CapstoneHomebuyers. “This can work, but it can also backfire. When a seller is considering multiple offers, the low offer seems less serious and could indicate further negotiating headaches down the road.”

Keep in mind that sellers are looking for a good deal just as much as you are, and you should plan on working with your real estate agent to make sure the sellers at least feel like they’re getting one.

2. Your earnest money deposit was too ‘cheap’

If there’s one part of the offer you shouldn’t cheap out on, it’s the earnest money deposit. This deposit (also called an EMD or “good faith” deposit) basically signifies how interested you are in the home and that you plan on moving forward with the deal, all the way to its closing.

“Believe it or not, there are buyers who get cold feet and walk away from a transaction days before closing,” says Shannon Hall, broker and owner of Dwellings by Rudy & Hall. “The EMD should be enough to let a seller know you’re very interested, and also uncomfortable with the idea of leaving it on the table.”

Since many contracts stipulate that a seller can keep the earnest money deposit when a buyer walks at the last minute, you should feel certain about the house—and then convey this certainty by leaving a significant deposit.

Hager recommends putting down at least 1% of the purchase price to show sellers you mean business.

3. You asked for too many contingencies

Sellers don’t just want the best price for their home; they also want the easiest deal—which means no complications.

“Sellers like the least number of contingencies,” stresses Hall.

“But that’s not to say that a buyer should waive the due diligence period,” she adds. “Make it shorter, but don’t waive it. And if you need multiple contingencies, that’s fine; but look for a home that’s been on the market for at least 30 days.”

Since sellers are generally more willing to make concessions on a home they’ve been trying to sell for several weeks, this is a good approach to take if you’re a picky buyer with multiple contingencies.

“Sellers also don’t like to give away their money to help someone get into a home,” says Hall.

Make your deal an easier and more appealing one for sellers by sticking to the fewest number of contingencies possible, getting due diligence done quickly, or targeting homes that have been on the market for longer.

———

Watch: 5 Things You Should Never Do When Buying a Home

———

What to do if your home offer is rejected

The first step is understanding why the offer was rejected in the first place.

“If an offer was rejected, a buyer can try again, depending on the reason it was rejected,” explains Karen Parnes, broker and owner of NextHome Your Way.

“If you need a certain home sale contingency, for instance, and can’t remove it, then move on,” Parnes says. “But if you can pay more and the market warrants it, resubmit a better offer.”

How to avoid future home offer rejections

Although rejection is sometimes unavoidable, there are things you can do to increase your chances of making a successful home offer.

For instance, “a buyer should come into the market already aware that he or she will have competition,” Hall says.

In addition to putting your best foot forward, you should be sure you’re working with an agent who has the skills to close the deal.

“A good real estate agent can help by guiding the buyer on the expected norms of offers in their area,” says Hager.  “A real estate agent will also know the market and help you figure out if starting with a lower offer is advisable—or if a strong offer out of the gate will get the best results.”

One final bit of advice: Work with an agent who understands seller interests.

“The buyer’s agents who most often win the day are the ones who reach out to sellers before submitting an offer,” says Hager. “They have the best chance of not being rejected because they took the time to understand the seller’s situation.”

And if your home offer still gets dismissed, don’t be too disappointed. In a seller’s market, “buyers are bound to have their offers rejected,” says Parnes. “Homes are coming off the market quickly, and sellers’ expectations are high.”

If your offer gets rejected, work with an agent to fix it or simply move on to the next home. Then make an offer the seller can’t resist.

The post 3 Big Reasons Your Home Offer Was Rejected—and How To Play It Right Next Time appeared first on Real Estate News & Insights | realtor.com®.

Source: realtor.com