ReportWire

Tag: Long & Foster

  • $10 Million Washington D.C. Mansion Delivers On Size And Grandeur

    $10 Million Washington D.C. Mansion Delivers On Size And Grandeur

    [ad_1]

    The stately mansion has the type of presence one would expect in an affluent part of Washington D.C.: traditional, elegant and tidy. Yet beyond the restrained presence from the curb, the stone façade and the four-column entrance is a residence that delivers in big ways.

    Consider the mammoth size. This is not just a home but an estate with more than 15,000 square feet of living space. Although not apparent from the street, the main house has six levels. There’s a two-story pool house. The garage can accommodate four cars.

    As for the location, 3101 Chain Bridge Road NW is in the sought-after neighborhood of Kent, which is filled with large, well-maintained homes in a variety of architecture styles. Close to shopping and city amenities, the tree-lined area has a suburban vibe. Yet the property is within 2 miles of the Washington National Cathedral and 5 miles from the White House.

    Even the site amps up the home’s appeal. “This estate is built on one of the highest points in Washington DC,” says Long & Foster listing agent Megan Thiel, taking in views of the Washington Monument and the Capitol building beyond the treetops.

    The gently sloping lot is just above Battery Kemble Park shielding the home from the prying eyes of neighbors and offering a buffer of greenery. “You can get away from it all,” Thiel says, “even in the midst of the bustling city.”

    But high on the list of attractions has to be the many opportunities the property presents for entertaining on the main residence floor, the ballroom level, the roof terrace and poolside.

    The 14,124-square-foot main house has large scale living and dining rooms off the grand central hall. Wainscoting, polished wood floors and chandeliers enhance the traditional feel.

    The large gourmet kitchen, with stainless steel appliances, custom cabinets and breakfast nook, opens to a family room with a fireplace.

    The primary suite, on the second floor, features a private balcony, spa-like bathroom with indoor and outdoor showers, jetted bathtub, dual vanity and multiple walk-in closets. A second living room, kitchenette and laundry complete the level. Throughout the living space are seven bedrooms and seven bathrooms.

    Upstairs is the ballroom, connected to the basement prep kitchen by elevator. Stairs and the elevator connect the various floors and such spaces as an exercise room, sauna and wine cellar. A safe room could be created on the sub-basement level.

    The rear terrace takes in park and pool views. The separate pool house is a complete accessory dwelling unit with its own living room, kitchen, bathroom, laundry, two fireplaces and basement.

    The asking price is $10 million.

    MORE FROM FORBES GLOBAL PROPERTIES

    MORE FROM FORBESModern Villa In Italy’s Chianti Region Aces The Test Of TimeBy Lauren BealeMORE FROM FORBESClassic 1925 Hacienda Is The Santa Barbara Dream HomeBy Lauren BealeMORE FROM FORBESDecked-Out Villa Takes In Sea Views From Turkey’s Bodrum PeninsulaBy Lauren BealeMORE FROM FORBESAn Eclectic Gem Seeks $4 Million In One Of Mexico’s Most Beloved Historic CitiesBy Mary ForgioneMORE FROM FORBESExpansive Two-Story Condo Enjoys A Five-Star Perch In TorontoBy Lauren Beale

    [ad_2]

    Lauren Beale, Contributor

    Source link

  • Keep Calm And Carry On: How Leading Real Estate Experts Are Easing Client Worries In Uncertain Times

    Keep Calm And Carry On: How Leading Real Estate Experts Are Easing Client Worries In Uncertain Times

    [ad_1]

    There are many factors that separate real estate from other forms of investing but, perhaps the most important is that, unlike stocks or bonds, there is a direct emotional component. When a buyer purchases a property that they are going to live in or an owner sells, the sale is not just a financial investment but an emotional one as well. After all, this is—or is going to be—their home.

    This mixing of money and sentiment can often be a recipe for unease. Ask any experienced real estate agent and they may share with you numerous stories of volatility, tears and clients calling at 3 a.m. with concerns. The best of the best, however, understand that curbing client worries is all part of the job, with some even arguing that it is the most important part of being a successful broker.

    Read on to find out how top agents across the country are keeping their clients’ confidence in today’s market.

    MORE FROM FORBESMost Popular Second Home Markets Across The U.S.By Spencer Elliott

    Fighting Misinformation

    With market news and data more readily available than ever, any extreme examples and misinformation that can cast doubt can be cast across the client-agent relationship. Advising clients on the nuance and specificity of the real estate world can help drown out the noise, says Barak Sky, managing partner of the Sky Group of Long & Foster.

    “Most of the information they’re seeing doesn’t pertain to their subdivision—it’s usually national or regional. Real estate is hyperlocal. So, you just have to remain confident in your role as a leader to them and remind them that this is your career, it’s what you do all day long.”

    Fellow Long & Foster agent Anna Mackler says that historical recessions and housing market crashes loom large in the minds of many buyers and sellers, who become “risk averse because of everything that they read.” continued that information found online or on television can also be misconstrued or misappropriated, and that comparative data can paint an incorrect picture of the current market.

    “Our market now is steady and still moving. What happened in the last few years was an outlier and not sustainable. So, let them know that you understand today’s market and provide them with an amazing experience they can’t get anywhere else.”

    Establishing Experiential Authority

    The internet is also full of many self-proclaimed experts whose opinions may contradict an agent’s. Eric Moreland of Austin, Texas-based brokerage Moreland, says that he maintains authority on real estate matters by reiterating to clients that wisdom is most often attained with experience.

    “I tell them that I don’t have to be the smartest one in the room but that I’ve seen every sale in your neighborhood for the last decade and that our market knowledge is a historical one. That’s why you are hiring us—for our market knowledge.”

    Mackler echoed this point, stating, “Remind clients that we work with buyers and it allows us to be better listing agents, and vice versa. We know both sides of it, and also that we work with agents in the area, so we know what’s going on more than anyone else.”

    MORE FROM FORBESAre In-Person Home Tours A Thing Of The Past? Agents Share What To Expect In Today’s MarketBy Spencer Elliott

    Honesty Is the Best Policy

    The relationship between client and agent is at the end of the day one of business and this can cause some clients to question their agent’s motivations. Mick DiStasio of Elegran says the easiest and simplest way to combat this uncertainty is to always put the client’s best interests first. “You want the client to be comfortable and that really comes down to honesty—giving them all of the possibilities, all the different options.”

    The New York City broker added that even if certain advice would delay the sale, a prudent and successful broker puts a premium on building long-lasting relationships. “Tell a seller that the market isn’t hot right now or that they’d be off renting for a little while because that council doesn’t go unnoticed and it’s appreciated.”

    Read Between the Lines

    Rick Higgins, chairman and founder of the Higgins Groups Private Brokerage out of Fairfield County, Connecticut, says that one of the key tenets taught in the classes his team takes on how to deal with anxious or upset clients is understanding root causes.

    “When you’re buying or selling a house, it’s very emotional. You have to know that people are selling or buying for a variety of reasons—they’re empty nesters, they’ve lost their job or they’re buying their first house. So, just understand why they’re buying or selling and don’t just treat it like a number.”

    Higgins continued, “Let them beat it to death because they deserve to. Listen and don’t argue. Let them talk and take whatever time it takes.”

    MORE FROM FORBES GLOBAL PROPERTIES

    MORE FROM FORBESSteeped In Style And History, Aldo Gucci’s Roman Villa Comes To LightBy R. Daniel FosterMORE FROM FORBESThese 4 Trends Will Influence The 2023 North Central New Jersey Luxury Housing MarketBy Lisa ChamoffMORE FROM FORBES$9.5 Million Canal Estate Affords A Quick Getaway On Grand CaymanBy Lauren BealeMORE FROM FORBES$30.6 Million Tops Prices Of New Homes Inside Arizona’s Phoenix Mountains PreserveBy Mary ForgioneMORE FROM FORBESClassic European Touches And An Illustrious Home Theater Are This Majestic New Jersey Estate’s Crown JewelsBy Lisa Chamoff

    Elegran, Higgins Group Private Brokerage, Moreland Properties, and Long & Foster Real Estate are exclusive members of Forbes Global Properties, a consumer marketplace and membership network of elite brokerages selling the world’s most luxurious homes.

    [ad_2]

    Spencer Elliott, Contributor

    Source link