Master Bedroom Downstairs is Growing as a Homebuyer Trend

Lately, more and more we're seeing homebuyers seeking homes with the master bedroom downstairs.  Reasons for this seem to vary, whether it's homebuyers increasing in age and don't want to deal with the hassle of stairs, or the size of families increasing, or just a personal preference.  

Homebuilders in the area are responding with gorgeous new construction homes featuring the master bedroom downstairs.  The Sonoma Floorplan by Wynn Construction is a perfect example.  This five bedroom home has three and a half baths, two story living room and tons of storage!  The 14'x18' master bedroom is privately located downstairs and features crown molding and a tray ceiling.  The roomy master bath features double vanities, large soaking tub and oversized shower and the huge walk in closet shows off Wynn's wooden shelving design!                                     

New construction homes aren't the only homes featuring the master bedroom downstairs, however.  196 Royal Bluff Road, Jacksonville, NC  28546, listed by William Sanders, Coldwell Banker Fountain Realty, is a custom home built in 2005 and located in the exclusive gated community of Williams Farm in Jacksonville, NC.  This well appointed home has over 5,000 heated square feet, two story foyer, hardwood flooring, crown molding and intricate trim work throughout.  The downstairs master bedroom measures 21'x25' and boasts hardwood floors, fireplace and patio!  The en suite bathroom is massive and features a two way gas fireplace in front of the oversized whirlpool tub!  Convenience and opulence was built into this home.

                             

Homebuyers searching for homes with the master bedroom downstairs have several options available to them, like new construction homes, custom homes or renovation projects to suit.  Here is a complete list of homes for sale in the Jacksonville, NC area with the master bedroom downstairs.  For a free consultation and to view these beautiful homes, contact Amanda!  910.545.0450

The good, bad and ugly of Zillow's "Zestimates!"

Every homeowner, person shopping for a home, or homeowner with a neighbor has probably scouted Zillow and has also seen a Zestimate of their home.  A Zestimate is just another opinion of value.  And you know what they say about opinions!

Zillow uses proprietary valuation models that identify relationships between home-related data and actual sale prices in geographic areas.  Data sources include physical attributes of homes, tax assessments, actual sale prices, foreclosures and tax sales, and user-submitted information.  Think about the word "data."  What comes to mind?  Perhaps some math problems, or numbers swirling together and bar graphs?  Zillow uses this kind of data, as well as user-submitted information and physical attributes of homes to determine a dollar amount determining a home's value.  

Surprisingly the national median error is only 8.7% and Zillow claims that nearly one third of estimates are within 5% of a home's sale price.  So, by the numbers:

There are 1,000 homes in a geographic market for sale, and the average sale price is $175,000, for example.

Zillow prices 333 of those within 5% of the home's sale price.  And within 5% of that average price those 333 homes could sell for $166,250 to $183,750. 

Almost a $20,000 difference in opinion of price.  That's quite a wide range.  

To competently determine a home's true market value, homeowners, as well as home buyers, need to consider days on market, sold prices and seller contributions, staging advice, and absorption rates.  Many REALTORS® understand how to report this data for their clients to give them a better idea of what their market is actually doing.  This is considered a comparable market analysis, or CMA.  The other determination of value one can receive is an appraisal.  

For a complete analysis of the Jacksonville, NC real estate market conditions, call or email Amanda!  Or check here for a market valuation of your home!  You can use this to compare with the Zestimate to monitor the difference!  Good, bad, or ugly!