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Buyer Tips Category

Investors are buying up some great deals!

It’s hard to believe that you can buy homes in the Atlanta area for the same price or less than a car!  Did we ever think that this would be possible?  Townhomes going for 15 to 20 thousand dollars.  There is competition  with investors to find these properties and to be the first to offer on them.  They may have to do some work, but many investors will still have a fabulous return on investment if they just keep it rented for  3 to 5 years. They will recover their investment and any profit they make after that is pure income. Not a bad deal huh?!  Better than the stock market and other investments right now.

If you are thinking of investing, give me a call today at 770-354-0243 or email me to get started today.  See below just a sampling of properties in Atlanta under $40,000 for sale!

Market not found.

 

Does Verbal Count in a Real Estate Contract?

The resounding answer is NO, if it is not in writing and signed by all parties then it does not exist.  Of course verbal conversations are an important part of the negotiating process between all parties, the buyer with their agent, the seller with their agent , the two agents working to bring two parties together while representing the clients best interest.

Also when things are only negotiated verbally, mis-understandings happen and what the buyer or seller thought was the agreement may not be at all what the other party thought, that is why it is so important to clearly state all objectives, and consequences if the party does not adhere to the contract.    This is a big transaction and it is super important that all time lines are met and that the written contract is clear and concise.

If you are thinking of buying or selling, call me at 770-354-0243, I promise to work in your best interest and make sure the contract is clear, and you understand what you are signing 🙂

Will Friday the 13th keep You from Buying a House today?

Check these homes out at, if I could buy one of these–who cares about the number 13?

Click here to see these lucky homes for sale

What is Due Diligence Anyway?

Real estate contracts change every year and one question that many sellers and buyers don’t understand it the “due diligence” part of the GAR (Georgia Association of Realtors) contract.  The contract states “Contract is an Option Contract”  Subject to a Due Diligence period of _____ days –the blank is negotiated between the buyer and the seller.  Buyers like longer periods of due diligence and sellers like shorter periods of due diligence.  This is the time when the buyer performs all his inspections, surveys, radon tests, termite inspection and any other items that they want to know about the neighborhood.  I suggest to buyers to drive through the neighborhood at different times of the day, make the drive to their work to see how long the commute is.  Poke around and talk to the neighbors, they are a great source of information.    The contract is an option contract during the due diligence period , the buyer can terminate without penalty at any time for any reason during the due diligence period.  The seller really should not feel they are on their way to being sold until they are through that period of due diligence.  The buyers and sellers have to negotiate and agree on all inspection items during this time frame.

If you are looking for an agent who works in YOUR best interest and who understands the contract, hire me! I am here to guide you through this process making sure you completely understand what you are agreeing to, this is a big transaction, make sure you have someone knowledgable to help you make the best informed decision!  Call me today at 770-354-0243 and I’ll be happy to discuss with you how I might be able to help you.

 

Be # 1 like Bubba Watson

I love watching The Masters, it is almost always exciting and especially when someone who has never won it  before wins!  Even if you  are not a golf fan, it would be hard to not be moved by the level of emotion that he had when he knew he had it won after the playoff!

Buying or Selling a home can be the height of emotion as well. It is one of the most expensive and emotional transactions most people go through in their lifetime.  It is important to have someone by your side who is knowledgeable and can help you through all the many processes that happen to get the transaction closed.  I would like to be that person, a solid and clear headed agent who will work in your best interest so that you can know on the day of closing that you are #1 and that you have accomplished your dreams!

Call me today at 770-354-0243 or email me to get started today on your hopes and dreams of selling or buying a home, or both!

Top 3 Budgeting Basics for 1st Time Homebuyers

Buying your first home is a lot of fun but there is more to it than meets the eye when it comes to budgeting. Most new home owners are financially savvy enough to calculate the mortgage, interest, taxes, and insurance payments; but tend to forget less obvious expenses. Here to help are a few budgeting basics for first time home buyers.

Moving Expenses: Truck rentals, time off of work and, of course, – gasoline … moving takes money whether you do it yourself or pay others to do it for you so plan accordingly.

Maintenance: From lawn care to fixing a door knob, owning your own home involves maintenance. Few first time home buyers remember the expense of maintaining a yard until the neighbors start giving them dirty looks. Don’t be caught by surprise because this is one area where expenses can add up fast. Set aside funds for a lawn service and pool maintenance, or plan to purchase the tools required to do it yourself, including lawnmowers, garden and hand tools plus other general maintenance items.

Utilities & Communication:  New home buyers are frequently surprised by the cost of utilities since many apartments include basics like cable, trash, or water.  Set aside enough funds for deposits and the first payment for utilities, phone, cable and other necessities. Don’t forget to find out if your cell phone, cable, and other services are available in the new area — otherwise, you may be forced to break a contract to obtain services.

Call me today at 770-354-0243 for more information about buying your first home or go ahead and click here to start your search today!

Don’t be a fool on April Fools this weekend

I am not completely sure how the whole April fools day thing started but I really like playing the joke on someone, I just don’t like the joke played on me!! 🙂 Just kidding. Anyway, there have been some great hoaxes over the years and one of my faovrites was when Taco Bell took out an ad that said to help the national debt they bought the Liberty Bell and were going to call it the Taco Liberty Bell.  Read more in this article  http://www.museumofhoaxes.com/hoax/archive/permalink/taco_liberty_bell

If you are out looking for houses this weekend, give me a call at 770-354-0243,  I can get you information any home listed in Atlanta area and get you in to see it.  And I’ll  even buy you lunch at guess where……Taco Bell 🙂

 

 

Homes for sale from 200,000 to 400,000 in East Cobb are moving!

What part of the East Cobb Market is moving the best? Home from 200,000-400,000 have over 1/3 of the solds market in East Cobb since the beginning of 2012.  So if you are thinking of selling and your home may fall in this price range, call me today at 770-354-0243 or email me and we can discuss what your home might sell for today.  If your buying take a look at the list below, or if you’re looking for somthing in a different price range, click on here to begin your search.

 
$400,000
Beds: 3
Baths: 2 | 1
Sq. Ft.: 3,309
 
$400,000
Beds: 4
Baths: 3
Sq. Ft.: 2,450
 
$400,000
Beds: 4
Baths: 2 | 2
Sq. Ft.: 4,160
 
$400,000
Beds: 4
Baths: 2 | 1
Sq. Ft.: 2,972
 
$400,000
Beds: 4
Baths: 2 | 1
Sq. Ft.: 2,998
 
$400,000
Beds: 4
Baths: 4
Sq. Ft.: 3,754
 
$400,000
Beds: 4
Baths: 2 | 1
Sq. Ft.: 2,787
 
$399,900
Beds: 4
Baths: 3
Sq. Ft.: 3,367
 
$399,900
Beds: 4
Baths: 2 | 1
Sq. Ft.: 2,637
 
$399,000
Beds: 3
Baths: 2 | 1
Sq. Ft.: 3,099
 
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FMLS data last updated at November 21, 2017 6:26 PM ET

 

Lease Purchase Can Be A Good Strategy

What exactly is a lease purchase and how can it help me as a seller or buyer? 

A lease purchase agreement is an agreement where the buyer is buying the property and he also is leasing it until the close date in which is agreed on by the parties.

This arrangement can benefit both parties if it is done right.  The best contracts are where the term of the lease is short, the lease is no more than 6 months and the circumstances are not necessarily credit related on the part of the buyer.  Other factors keep the buyer from closing now.  For example the buyer has been transferred here and is already working here but their kids are still in school with their spouse and they want to wait until school is out to move their kids.  So the buyer who is already working here and living here is leasing the house until they are ready to move their kids.

Another might be where the buyer has to sell his house first and has a contract but it is not closing for 90 days but the buyer needs to go ahead and move in for job or school or family reasons.

As a seller, it makes your house stand out if you are willing to consider a lease purchase, and if you are a buyer its a great way to go ahead and get the home you want now, but for different reasons need to close 3 to 6 months from now.

It can be a somewhat complicated transaction that is why you need a strong agent  such as myself who understands contracts and can help you with it.  Call me today at 770-354-0243 to learn more how a lease purchase may help you!

Low Ball Offers Rarely Work

This is a great market for buyers there is no question, but a big mistake that buyers make is putting in very low offers.   The problem is that the sellers, including banks usually know what the home is worth.  If they have a good agent, they have pulled the comps, the banks have had an appraisal done and they have a pretty good idea of what they will get for their home.  Along those lines, values have declined, so prices are a good deal just simply because overall there has been a decline in value. Sometimes sellers are a bit unrealistic, but putting in an offer that is just below the values is reality.  Sometimes if it is priced really low there are multiple offers and the seller gets over asking price.  It is important to know if the home is priced right, and to know the data.

Another problem with low balling a seller is that sometimes they will not counter or respond to your offer.  This weakens your negotiating power if you really want the house and you end up going back to them with another offer.

The best thing to do, is to have me as your agent pull the data, help analyze the data, and put in a reasonable offer.  The low balls very rarely get the house. 🙂