Tuesday, November 10, 2009

Ok, So Explain To Me....


Image Courtesy Eastern Builders Inc

1. Why this gorgeous, 7 bedroom, BEACHFRONT property, in North Carolina, is selling for $1.6mUS .......when you'd be lucky to get a basic boring box (with the dreaded skillion) here in inner city Brisbane for that price.... and 2. Even your (referring to any person in the US) basic builder's spec homes have so much attention to detail, cornices, panelling... when here if one requests a cornice, or anything other than an aluminium slider window, you are immediately labelled ' a princess'. I'm in the wrong country for my 'fancy' tastes (that's actually what one traddie said I had, when I tried to explain to him why my French doors had transoms!). Do I have the intestinal fortitude to do it again? Sigh!
A-M xx
P.S. Oh and why do all your homes have set price tags. Why aren't you dragged into the 'the price is a secret, you have to go to auction' process like we are here?????


Image Courtesy Eastern Builders Inc

25 comments:

  1. I too marvel at the wonders of US real estate. It's just criminal. Their houses are so beautiful and big and sell for a song. Let me know when you go and I'll come too. We might get a bulk purchase discount!

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  2. Well, there's a pricetag. Technically. But it often doesn't mean very much in the end...

    In a cold market the seller starts at that price and negotiates downwards to accomodate the buyer.

    In a hot market (like we have at the moment in the downtown Toronto area) where there are multiple bidders the "price" is mostly meaningless as they hold off on offers. Everyone presents on the same night and you try to outbid the others without knowing how much anyone else is offering. A friend of mine was recently laughed out of an offer presentation for having the audacity to come forward with an offer that was "only $50,000 over asking."

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  3. I hear you A-M, we are looking at building and I asked the builder about decorative cornices and he grinned - wait until I tell him I would like french doors! Can I put these touches into a contemporary home? Can we have a peak inside the house you show today?

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  4. Oh, so it's not only me who 'is a princess' for asking for moderatly fancier cornice! I had one plasterer tell me that using a fancier cornice was over-rated, as who really cares about it.

    Ummmm, me, duh!

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  5. Yes you have to love those builders - any detail and they roll their eyes as if you have made the most outrageous request. I have had builder try to talk me out of quite sensible things simply because they couldn't be bothered. As for that beautiful house - the words - sub prime and GFC come to mind!! But of course the market is huge there which makes a difference. Also I would say most real estate in Australia is, as they say, fully priced. !

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  6. Oh, its so lovely!

    You are right about peoples perceptions here in Aus. We met with a kitchen designer who told me we wanted a Toorak kitchen in a Mitcham house, and it was a waste. All I wanted were shaker doors, caesarstone benchtops and a custom wall unit!

    Decorative cornice is so lovely too - they knew how to do it years ago!

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  7. Yes, you start to wonder when 'shaker doors' and 'stone benchtops' are described as 'Toorak'. Not to say that one can't have beautiful finishes here but 1. you have to fight against the establishment and a mindset that is happy with 'mediocre' and 2. you have to be prepared to go ridiculously over budget just to get what is standard elsewhere. Glad to hear I have not been alone! A-M xx

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  8. Oh A-M I found this terribly frustrating when building our house. Lowest standards and price for upgrades and special features. Ridiculous. Most common question from builder why to overcapitalize when not necessary.!!?? ... because it look nicer.
    X
    V

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  9. Am on your team A-M! Would be great if some tradies would do the work and try not huff and puff so much the customers design requests too much. A controversial statement I know but really a customers wants and wishes used to come first right?

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  10. The real estate market here in the USA is insane - I cannot explain it. I don't understand it. But, you don't have a set price on a home???

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  11. Keep in mind that the house in North Carolina isn't insurable because the next big hurricane is going to turn it into toothpicks!

    Okay, that was a little harsh of me. Seriously, though, the Carolina coast gets such serious storms that buying the real estate there is sometimes risky.

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  12. Beautiful....but remember, the price might just be so low because North Carolina is in hurricane territory.

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  13. Ok, so it's the hurricanes!!! My next question is: why would someone purchase a house that is uninsurable?!! A-M xx

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  14. I agree A-M the American workmanship is incredible and the prices seem to be calmer. The Aussie property market always seems very heated...good for you though, xv.

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  15. Oh I really know what you mean. That picture looks just gorgeous to me. But mention doing anything like it here and my gosh they go into shock. My builder is trying to talk me out of wood double hung sash windows and weatherboards .....please just do it already!
    xxx

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  16. Oh don't worry there is no way I'm changing what I want. No way.

    thanks for the support hon,
    xxx

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  17. Hello Princess!!
    Well good thing I can't afford a new house.. but then.. I'm sure I will have to face renovation madness at some point..

    could move to the US??

    Have fun.. and tell it like it is A-M. Your our Aussie voice of reason. xx Julie

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  18. A-M - you broke the golden rule! Everything must be the same, no imagination is required, thinking outside the square is unacceptable, beautiful and original ideas are banned - build exactly what everyone else does and things will go smoothly! Leigh

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  19. I know, they are v lucky, you can buy the most amazing wonderful house for peanuts - but who knows if its in places you'd really want to live - but hell I think I'd move there for the house! :)

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  20. I'm glad I read this - great blog !
    I've lived in Cleveland , Ohio my entire life. Yes, we are blessed with some of the most affordable housing in the country here, and after reading your blog and comments I realize that the US is blessed with low price housing compared with the rest of the world.

    Just keep in mind that right now our home prices have FALLEN big time, because of the mess over here with mortgage lenders and banks in the past few years. You can't even give a home away right now. Properties sit on the market for months into years. That gourgeous home on the ocean in North Carolina has probablly been sitting for some time, and maybe the price has dropped. The housing market in the US right now is in a major mess. All of our housing investments have droppped - in fact, they even tell you not to consider your home an investment any more - just a place to live. Still, compared to overseas, we are lucky I guess.....

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  21. Everything is cheaper in the US! Having said that this property is in North Carolina not New York. If it was coastal New York say for instance the Hamptons it would be 5 times the price tag- location, location, locaton.. A-M I have just discovered your blog- it's fantastic and as a Brisbane girl living in New York it is welcome relief at the end of the day!

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  22. the best of america, yes?!

    full disclosure...

    ugh. xoxo.

    {i prefer secrets. then i can whisper them...}

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  23. Well I have been coveting the house prices in NC and other areas of the country. It really varies WHERE in the country you live. Washington (where I live) is ridiculously expensive. There are some AMAZING houses in other parts of the country that are so charming and here we might have a boring box for twice as much.

    Yes, they set a "price" but it doesn't mean you pay that price. You make an offer and hope they'll take it!

    :-)

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  24. It really depends. House prices in America are really dictated by the space available and the desireability (sp?) of the area. In places where prices are cheap, chances are there is a lot of urban sprawl, with a lot of land available that people just build out (and out and out).

    As to the homes, I would say a lot of those "fancy flourishes" are because of the housing boom we just went through. I just read in the Wall Street Journal about houses are being simplified. However, there were a lot of subpar "flourishes" being built even during the housing boom.

    I can't say I'm too impressed by the looks of that North Carolina house myself. It has the look of a cheap build to me, but I'm a jaded American who has seen many McMansions built!

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  25. Also consider the average wage of the people in particular regions of the US - the market can only bear what buyers can afford to pay... couple that with demand and you've got your price. So in New York where land is at a premium and, on average, people earn more money, a house like this will cost 5 to 6 million.

    Where I live (Vancouver, Canada) a 1.6 mil home is pretty common. A house on the water like this = easily 5 to 10 mil.

    Victoria @ DesignTies

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Thanks for stopping by and taking the time to leave me a comment. I love hearing from you. A-M xx