Certified Funds at Closing

I am often asked why certified funds are necessary for closing. We do take personal checks up to a certain amount, but any large amount must be a certified check or wire transfer so that there is certainty that the funds are "good". In other words, a personal check can be written even though funds are not actually in the account, but certified checks and wire transfers are only made if actual funds are in the bank's possession before creating that check or sending the wire. Each title company has a different threshold for what they will accept in personal funds, based on how stringently or carefully they oversee their escrow accounts. So though it may be inconvenient to work with a title company that has a lower threshold, all it does is tell you how careful they are with their escrow accounts. 

I wish you all a safe and warm holiday!

Happy Holidays!

Happy Holidays from all of us at Ritz Homes Realty!

Erroneous or fraudulent charges paid at closing

I read an article recently about Maryland consumers who were going to be reimbursed for overpayment of recordation taxes, in some cases from a closing that occurred more than 5 years ago. It stems from a complaint that was filed by one consumer against the title company in question (one that runs their business out of Pennsylvania), which launched an investigation on the company by the Maryland Insurance Administration. 

The article does not go into whether these overpayments were fraudulently charged or if they were just miscalculations, but in any case, any overpayment would have been quickly realized once the consumer's loan documents and/or deed was sent in for recordation, as the treasury and land records offices in Maryland usually have policies in place in which they will reject a document for recording if the check is over by more than a very small amount (typically around $10.00). So my only assumption is that the amounts collected by the title company were deliberately overcharged and paid over to themselves.

There are ways to double-check the taxes that are being charged at a closing - for starters, you can call the county directly and see if they will assist you over the phone with calculating the various taxes. Or alternatively, ask them for the rates so that you can calculate them yourself. 

But really what this all boils down to is the importance of finding a title company not only with a stellar reputation, but one in which you yourself trust. Core Title Group will certainly not play with your money. For starters, I would never allow my company or my bar license to be put on the line for a few extra bucks. We have never had a claim against us, nor have we ever been "dropped" by an underwriter. I hope that speaks to you about how we do business. As hard as it may seem in this day and age, it is still possible to find honest people out there. 

As always, have a warm and safe weekend everyone!

Seller financing

Seller financing does not occur very often, as it is usually only an option under very specific circumstances. For starters, the seller must either have no open mortgage on the property, or one that can be readily paid-off at closing. Traditionally, it's the buyer's financing that supplies the funds necessary to pay off a mortgage. With seller financing, there is typically only the buyer's down payment available at closing. 

But when there is no open mortgage to worry about, then seller financing can certainly be a very viable option. The seller of course wouldn't benefit from an immediate payoff, but the seller would ultimately walk away with significantly more because of the interest that would be collected on the seller financing. Benefits for a buyer would be the lack of lender closing fees (i.e. origination charges, application and underwriting fees), or for buyers without the ability to obtain traditional financing - they would be able to get just that, from the seller. 

Seller financing is not for everyone, which is why it doesn't happen very often. But when the pieces fit, and the need is there, seller financing can be a lifeline for a sale to go through. 

Why closings cannot happen on federal holidays

Happy Thanksgiving everyone! Today's post will be short and sweet - I sometimes get the question about why a closing cannot occur on a federal holiday. The answer is that the banks and lenders (generally speaking) close on most federal holidays. Sometimes on the less celebrated holidays, lenders remain open, but even if they are running business as usual, funds will not be received unless the banks are open to send and receive wires. In some very rare cases, lenders may send funds early, but in general that doesn't really happen. 

So if the banks are closed, and you are financing your purchase with a mortgage, then chances are your closing will not happen. You should plan accordingly around such bank closures. 

Happy Thanksgiving, and I hope that everyone out there is planning for a nice and warm evening with friends and family. Safe shopping as well!

The different ways to hold title to real property

When purchasing real property, there are various way one can obtain title to that property. Probably the most important aspect of each type of tenancy is whether or not the right of survivorship exists. If it does exist, then the title to the property automatically passes to the other party(s) if someone on title passes away. That means that the remaining title holders need not do anything - they will obtain title automatically without going through court or other legal proceedings. 

If you are a married couple, you can take title as Tenants-by-the-entirety which has the right of survivorship. So if one spouse passes, the other will automatically become 100% title owner upon their death. While both live, there is no separation of ownership in terms of percentages. You would both own the land equally, and the property cannot be sold or transferred without the consent of the other spouse. 

If you are unmarried, you can take title as Joint Tenants or as Tenants-in-Common.  Joint tenancy has the right to survivorship and is very much like Tenants-by-the-entirety in that there is no separation of ownership. Every joint tenant owns the property equally and fully, and the property cannot be sold or transferred without the consent of the others. If there is an attempt to transfer ownership without everyone's consent, then the joint tenancy is broken and all title owners then become tenants-in-common. And as is with tenants-by-the-entirety, when one joint tenant passes away, title automatically passes to the remaining joint tenants. The only caveat with Joint Tenancy (as opposed to Tenants-in-Common) is that all the title owners who wish to hold title as joint tenants must obtain title at the very same time (i.e. when it is purchased, for example). Tenants-in-Common do not have the right of survivorship and can be divided up into very specific percentages amongst the title owners. When one of the tenants-in-common passes away, their interest does not pass to the other title owners, but passes to that person's heirs. 

The right of survivorship allows one to avoid probate proceedings (the court proceedings required when one dies without a valid will). So even without a will, title to real property can be passed on to your heirs without putting them through the lengthy and costly aspects of probate legal proceedings. You would just need to add them to the deed of the property, which often can be a very simple process. 

If you have any questions about the different tenancies, or have the need to add or remove someone from title, then please feel free to message me for further information. 

Have a great weekend everyone!

Motivational Monday - Learning from a billionaire that invests in People!

Happy Monday Everyone!  

For this week, I am continuing with last week's theme of getting inspired by the Sharks of Shark Tank.  Here are a few words of wisdom and encouragement from Mark Cuban, billionaire businessman and investor, owner of Dallas Mavericks, Landmark Theatres and Magnolia Pictures.

Have a productive and successful week!

Sources: YouTube, Wikipedia.

Short Sales

A short sale is when a homeowner's lender agrees to accept less than what is owed, in lieu of going through foreclosure, and will release the lien they have on the property. 

For buyers, though short sales can take a lot of time and patience, the payoff can be well worth it if you aren't under any time constraints with your purchase. What typically happens is that after a sales contract is signed, a copy of that signed contract gets forwarded to the seller's lender for approval. They will also ask that all parties sign an affidavit stating that the purchase/sale is an arms-length transaction. That means that the parties are not related in any way, nor have any other relationship that would otherwise invalidate the short sale. In other words, there can be no prior arrangement or agreement to purchase the property in order for the seller to "get away" with paying less than what is owed to the lender. And as I mentioned above, the short sale process can be lengthy - sometimes taking months to complete. And in some situations, after a long wait, it is possible for the short sale to fall through. But if successful, the outcome is the opportunity to purchase a home for significantly less than what the home is valued at.

For sellers, you will be able to sell your home without the need to bring money to closing just to sell it. Your lender will require that absolutely no funds are given to you as a result of the sale - every extra penny must go to them. But the drawback to a short sale is that it will take a hit on your credit. From what I understand, it may stay on your credit report for up to seven years. I have closed a few sales where sellers ended up bringing a very significant amount of money to closing, in order to avoid those consequences. But there are a few requirements that you must meet in order to qualify for a short sale approval - just know that the lender will do their due diligence to ensure that you are actually in a position to need a short sale. Every lender has their own specific requirements, but for starters, they will ask for copies of financial documents to verify your inability to pay what is owed to them. 

But all-in-all, a short sale can be a winning solution for everyone involved. It might not be the right solution for a seller or buyer, but if the pieces fit, then a seller has the chance to unload a debt they can no longer afford, and a buyer has the chance to purchase a fabulous home for a fraction of the value. 

Please feel free to message me if you have questions about short sales, and as always, if you have any questions about closings in general. Have a great weekend everyone!

Motivational Monday - Do you fail well?

My motivation for this week is to learn to fail well.  We all try to do our best and aim high, but when we fail, do we know to get back up and keep going?  Or do we sulk, make up excuses, and give up?

Here is what one of my favorite sharks, Barbara Corcoran, has to say about failing well.

Have a great Monday and a successful week ahead!  

Let's Fail Well!

Motivational Monday - Do you live your life with Passion?

Good Monday morning to all!  

As I was preparing for the week ahead last night, I could not help but think how grateful I am to be doing what I truly love and excited about - helping people find their homes to build their lives and memories in.  

When was the last time that you felt passionate about something important in your life?  Did you ever find that passion?  Are you still looking or have you given up?

Have a wonderful Monday everyone and a stupendous week ahead!

New Construction Homes

Being a recent purchaser of a new construction home, I can say from personal experience that one of the most important things one should be searching for in a home builder is a solid reputation. Because other than that, there is little to nothing that you can negotiate when signing a contract for a new construction. I'm not talking about the incentives, promotions and "freebies" they offer, but the body of the contract itself. It is very literally take-it-or-leave-it. And while it is true that home builders will often form a new corporate entity for each neighborhood they are building, I have found that the builders with a well-known "parent" name, if you will, will go beyond what another home builder might be unwilling to do. And the reason for that, is that they have that reputation to uphold. 

A very good friend recently entered into a contract to purchase a new construction home from a very reputable home builder. Her husband, however, began to have buyer's remorse. After the recession period had already expired and passed, they tried to back out. This builder let them out of the contract and refunded their deposit. This came as a surprise to me, until my friend told me who the builder was. It was the same builder that built my new home, and one that had a sterling reputation. As I mentioned earlier, the builders with a reputation to uphold are often more willing to bend over backwards for you. Another personal example I can talk about, is the builder's warranty on a new construction home. My husband and I were coming upon our one-year mark, and needed to do our one-year inspection and walk-thru (this is where the builder will come back after a year and address some of the issues you may have found since it was built). One of the issues was actually supposed to be brought to their attention at our 6-month mark, but our builder said it was fine and proceeded to fix the problem as they would have 6 months earlier. Other builders, in my opinion, may have just simply said to us - you are S.O.L.

So the moral of this story is - new construction homes can be great. You need not be afraid! Just pick the right builder. 

Have a great weekend everyone!

Motivational Monday - What if we saw what's inside others' hearts?

Good Morning Everyone!  
I hope today's video reminds you that everyone is fighting a hard battle that we are not aware of...

"Be kind whenever possible.  It is always possible." - Dalai Lama

Have an inspiring Monday and a productive week ahead!

Wet Settlement vs. Dry Settlement

A "wet" settlement is one in which the funds from the lender must be received prior to, or at the time of, closing. In contrast, a "dry" settlement is one in which there are no funds available at the closing. So it follows that in a dry settlement, seller does not get their sale proceeds at closing, though the papers have been signed. 

Maryland, Virginia and the District of Columbia are all wet settlement states. One caveat with Virginia, however, is that the Commonwealth requires that the (1) Deed and (2) Deed of Trust (if there is one) be properly recorded in the county land records office prior to disbursement. Therefore, though Virginia calls for wet settlements, sellers in Virginia still will not receive their sale proceeds at closing, and must wait until the deed goes on record. Generally speaking, that would mean the next business day. 

Sometimes, the date and time of a closing cannot be changed. But if there is some flexibility, and particularly if the property is in Virginia, it might be worth considering the disbursement issues and to plan around that. For example, scheduling a closing on a Friday would ultimately mean that the seller would not get their sale proceeds until Monday. And if Monday is a holiday, then that would mean an even longer wait. Just a thought, for all of you Virginia sellers…

Have a great weekend!

Motivational Monday - "Winning is a Habit!" Vince Lombardi

What habits do you have?  Do your habits position your life to achieving you dreams?  

Is winning one of your habits?

Here is a bit of inspiration from the great Vince Lombardi.

Have a great week ahead full of winning habits!

The finest compliment I can ever receive is the referral of your friends, family, and business associates.

Oxana - Oxana@RitzHomesRealty.com

Home Inspections and FHA loans

I read an article the other day regarding the need for a home inspection, and how using a completed inspection report (with issues found) to get out of a contract under a financing contingency can be both immoral and fraudulent. I partially disagree. 

The article states that if a lender doesn't have a real reason to deny you the loan, the lender shouldn't deny it -  that it isn't honest and it forces the lender to act in a way that could carry severe repercussions.  Yes, I wholeheartedly agree with that statement. But the article goes on to say that the lender should deny the loan only for real financial reasons, not at the whim of every remorseful buyer. The part that I disagree with is that sometimes, a loan denial is not always about financial reasons, per se. Sometimes, a home inspection report IS the reason why you cannot get proper financing - especially if you have applied for an FHA loan. 

There are minimum standards that a home must be in, in order for FHA to fund the loan: Safety, Security and Soundness. FHA does not require the repair of cosmetic defects, or even minor defects, if they have nothing to do with these three standards. But if they do fall within those categories, then FHA will require the repairs to be addressed prior to the purchase of the home. If not, then your loan will be denied, and the seller will need to find another buyer that can purchase in cash or get a non-FHA loan. (A non-FHA loan, however, can also sometimes face the same problem if the inspection findings are severe - it really just depends on the lender and their underwriter). 

So comes the question of whether to waive the home inspection contingency in order to "win" the contract. If you are an FHA applicant, then it might be smart to just nip this issue in the bud and simply limit your search of homes to those in better "turn-key" condition - otherwise you might find that you are losing a property that you have your heart set on. Because whether or not you waive the home inspection contingency, you may still lose the home no matter what your take is on what to do about repairs needed on the home. Sometimes, an appraisal will find some issues, but only if they are not latent defects (an appraiser is not trained to do what a home inspector would do). And any issues found by an appraiser may cause the appraisal to fall below the minimum value needed for a loan approval. And FYI - an appraisal contingency cannot be waived in an FHA loan. 

If you are a non-FHA applicant, and especially if you are purchasing in cash, then ask yourself whether it is worth the potential repair costs involved if a non-contingent home inspection report finds major faults with the property - because in that case, you will face the dilemma of addressing the problems yourself, and cannot rely on the seller to do anything about them.

As always, feel free to send me a message if you have any questions. Hope you have a great weekend!

Motivational Monday - Teamwork at its' finest!

It's Motivational Monday Time!  

Are you surrounded by the people that support you in achieving your goals?  People that will be there for you no matter what?  People that will share their resources?  People that will hold your ......

Hope you had a good laugh to start a very successful week ahead!

As always, please contact me for any real estate needs that you or people you know might have at oxana@ritzhomesrealty.com

What the government shutdown means for the real estate market

If this shutdown is short-lived, which many believe it will be, there will likely be little to no impact on the larger real estate market. There could be some delay to those seeking a government-backed mortgage (i.e. FHA loans, VA loans, etc.) - more so for those that have not yet begun the loan process, as FHA will not underwrite or approve any new loans during the shutdown. At the moment, delays are coming from the inability to verify tax returns and social security numbers, for example. But again, if short-lived, we could pick right back up and be alright. 

If the shutdown lasts more than 30 days, however, it could spell trouble for new home buyers and those wanting to refinance. 

The last government shutdown occurred in 1995 and lasted for 21 days. I won't comment on my thoughts of the shutdown or even try to guess how long the standoff will last, just that I hope it ends soon. 

Let's cross our fingers, and in the meantime just enjoy the weather. Have a great weekend!

New Listing!

Just Listed - $699,000

11755 Taneytown Pike, Taneytown, MD 21787

MLS# FR8194850  

Beautiful, custom-built home with 4500 Sq. Ft of living space on 18 Acres of natural and picturesque land.  This home includes all new, advanced, energy-efficient amenities, and high-efficiency, dual-opening windows on all levels. No HOA, so the land is yours to enjoy without limitations.

Quiet and safe neighborhood with established families and estates.  This home is just a short drive away from Emmitsburg, Mount Saint Mary's University, Liberty Mountain Ski and Golf Resort, Frederick, and Gettysburg Outlets. 

Click here for the Virtual tour

Contact me for a showing at 240-994-0150 or Oxana@RitzHomesRealty.com

Motivational Monday - What's your Limit?

It is Motivational Monday time!  Are you ready?  Are you limiting yourself?  Can you honestly say that you are 100% in every day?  

This video helped me get my adrenaline for the week to come and I hope it does the same for you.

Happy Monday and Have a Limitless Week!

Sources: YouTube, Heart Required.

The meaning of Escrow

In recent years, there have been a number of title and escrow companies that have lost their licenses, settlement attorneys that have been disbarred, as well as many escrow agents that are now serving jail time, for completing various real estate scams and for ways in which they dabbled, dipped into, or otherwise used funds illegally from their escrow accounts. 

The definition of Escrow, according to the Merriam-Webster dictionary, is "a deed, a bond, money, or a piece of property held in trust by a third party to be turned over to the grantee only upon fulfillment of a condition." That means that when you hand over your money to a title and escrow company, they are supposed to hold that in escrow, not only until certain events occur (signing of the deed, for example), but they are to hold those funds for you and no one else. Most often, a title company has only one escrow account where all funds for closings are deposited, but you can almost think of your "escrow" as your own account within that, since legally they are to hold those funds in trust, for your benefit only. We are not allowed to use funds from one closing towards another closing, even if one closing would occur days or weeks before the other. Unfortunately, many times this occurs without anyone being the wiser (other than the escrow agent of course, who is illegally and improperly handling funds), until checks or debits "bounce" and are flagged at the bank and reported to the state. 

I have lost many realtors and loan contacts because of my unwillingness to do the things I've talked about above. But my title company has survived through the years, and our license (and my bar admittance) are still intact because we refuse to give in to the pressure to "do what the other title companies will do". 

Make sure the title company you choose for your closing has a solid track record for doing things right. We definitely do, and will commit to safekeeping your property in escrow exactly as the law requires us to do. 

As always, feel free to message me with any questions or concerns, not only about my title company, but any title, real estate, or legal question you might have. Have a great weekend!

Motivational Monday - Inspiration from the Tank.

I am not a TV person but I do tune in to Shark Tank every Friday.  I love it!

Here is a little piece from one of the sharks, Daymond John - founder of FUBU, that I would like to share with you today.  

THINK BIG!

If you do it for the money, you will always FAIL.  

You must do it because You LOVE IT!

Wishing everyone an amazing week!

As always, if you know anyone who is even thinking about real estate, please refer them to your Favorite Agent - Oxana@RitzHomesRealty.com :)

Sources: You Tube, BigSpeak Speakers Bureau

Motivational Monday - How do we see ourselves...

My amazing and radiant Managing Director, Amanda Light, shared this video with us at a sales meeting a couple of weeks ago.  It was so powerful and eye-opening.  I hope it opens up your eyes on how you view yourself and to realize how beautiful You Truly Are

Happy Monday Beautiful!

How to choose a lender

Let's face it - when it all boils down, loan professionals are very much like sales professionals. They are "selling" their mortgage products to the consumer for the company that they are working for. In other words, the person you are talking to most likely does not own the lending institution that they are working to get you into a loan with - they work for that company, and the loan you would ultimately sign your name to would be for the company, not the loan officer.

I've had the privilege of working with many different loan officers. And while I'm no "insider" when it comes to originating a loan, I have closed enough of them to see some of the things that can go on. So here are some of my tips on how to select a loan officer/lender, but by far the most important, in my opinion, is the first one below:

Honesty - Does the loan officer tell you honestly what is possible and what is not? A good loan officer will tell you upfront whether he can do what you are hoping for, instead of stringing you along and wasting your time. In the end, time spent in a failed loan process can sometimes cost you money. Whether it's from any upfront application fee they collect, or a missed window for a low interest rate. Or in the worst-case scenario, it can cost you the home of your dreams (if you are in the midst of a purchase). 

Reputation - Not only of the lender, but of the loan officer as well. Do you know anyone else that has signed a loan with them? Referrals are really the biggest compliment.

Trust - You should have at least some comfortable level of trust with your loan officer. A mortgage can very well be the largest debt you will owe, you should trust that this person has found the best mortgage package for you. 

Competition - Shop around! Get quotes from different lenders. Try a broker, see what they can offer. Brokers often get a bad rap, but sometimes they can be the ones that save you the most. Or go straight to the bank and skip the middle man. It doesn't hurt to spend an extra day or two seeing what someone else can offer.

And lastly - Honesty (see above). 

When in doubt, ask another person's opinion. Your realtor (Oxana Ritz!) is a great resource, as are so many others in the real estate industry. Or please feel free to send me a message, and I would be happy to give you an unbiased opinion. 

Have a great weekend everyone!

Remembering 9/11/01

To commemorate 12th anniversary of tragic events of 9/11, we ask that we all take a moment of silence today at 8:46 a.m.

It's Motivational Monday at Ritz Homes Realty!

I love sports movies! Frankly, I do not know anyone who doesn't.

Here is a great video that will get you moving on even the dreariest of Mondays.

Happy Monday Everyone!!!   

Why do I need title insurance?

In the twelve years that i've been a settlement attorney, the single most asked question I get is: "If owner's title insurance is optional, then why should I buy it?" In fact, when I purchased my first condo, I asked the very same question - and I almost opted out of buying owner's title insurance. Lucky for me, I never ended up needing it. But if I had, I probably would have never made it out of law school. Why? Because I would have gone broke trying to defend the title to my condo on my own. 

Owner's title insurance will protect you against any defects in title. Many question why you would need that protection if you have a good title attorney reviewing your chain of title. The answer is, because not every title defect can be readily found, even with the most trained abstractor or title attorney reviewing the title search. For example, a previous deed could have been forged or fraudulently conveyed without the consent of one of the previous title owners. Or someone may have signed a deed under a power of attorney, after that power of attorney had lapsed or expired. These often "quiet" events can come haunt you years later, and they can have the painful impact of taking your home away from you. But with title insurance, you will be defended against these events. 

Purchasing a home can be one of the most significant investments you will ever make. The average cost of owner's title insurance is only about 0.3% of the purchase price - or about $3.50 per $1,000.00 of the title insurance. And the great thing about title insurance, is that you pay the insurance premium once and then you are done. There are no annual premiums to maintain, nor are there any renewal fees to pay. Ever. WIth such a large and precious investment, why wouldn't you purchase this insurance when it only costs a small fraction of what you are spending on your new home? Hopefully you will never be faced with such a devastating event that would strip you of your home. But with owner's title insurance, you can rest easy. You will be protected. 

Why hire a Realtor or a Real Estate Agent?

With such an abundance of online information, tools, and other resources to buy and/or sell a home, more people make a decision to do a real estate transaction on their own.  You might get inspired by the average days on market statistics or the bidding war that your neighbor told you about, but before you make that decision, I would like for you to consider a few factors.

Full Access and Convenience - It is a real estate agent's profession to find or sell your home, so the resources (MLS, other resources, and listings that are not advertised publicly, vendors, professional networks) and data that we have at our fingertips are greater and more accurate than what you would find on the Internet.  A real estate agent will filter through listings, play "phone tag", set up appointments, act as a "buffer" for all inquiries that lead nowhere, which will give you back your time and sanity.

Knowledge and Experience - Why spend all your free time researching real estate, when you can hire a professional that has the education and expertise, has to keep up with new rules and regulations by law in order to keep his/her license active, and has specific knowledge on real estate buzz or where to find data on crimes, schools, demographics.  It is our job to stay on top of market conditions, neighborhood knowledge, and comparable data (average price per sq. ft, median and average sale price, list-to-sold ratios), which will drive your decision making and price.

Negotiating and Pricing - A very important part of our job is to negotiate the best possible deal for our clients.  We are not messengers for your offers, we are professionally trained negotiators that are bound by license law (under an agency agreement), to act in your best interest.  Real estate agents do not set the price for you, a good real estate agent will guide and advise you to make the right choice.  We will provide market supply and demand conditions, and develop negotiating and pricing strategy.

Paperwork, Paperwork, Paperwork - With all the disclosures and addendums your typical packet can be over 60 pages or 1 to 3 inches of paper!  And not to scare you too much but one little mistake or omission can result in legal troubles and thousands of dollars in fees.  And don't forget about the closing itself, there are lots of things that can be overlooked during the excitement of finding your "It" home.

How much $$$ are you actually saving -  A Seller's main objective is to get the most money, and a buyer's is to spend the least.  So in a "For-Sale-By-Owner" transaction, a house is sold at the same price as other comparables in the area, and a seller is saving his/her commission.... However, buyers know that and will drive the price down accordingly.  It is very rare that both sides, buyers and sellers, win.  Also, consider time that you will have to spent for calls, appointments, showings or searches.  Unnecessary money that you might spend on improvements that might not even be needed.  And of course the lack of data, market, and other tools that are so necessary to conduct a successful negotiation.

Ultimately, we all want the best for ourselves and while some of you can certainly handle a "For-Sale-By-Owner" transaction, most of us are smarter with our time :)
If you find yourself in a difficult situation or feeling even a bit overwhelmed, please reach out to a real estate professional, ME :)

I welcome your thoughts, suggestions, comments and stay tuned for more.
www.ritzhomesrealty.com

(Sources: Business Insider, MSN, Trulia)