770-354-0243

fax 770-783-8896 / Email Me

Buyer Tips Category

Home Prices the Lowest since Year 2000 in Atlanta

This is definitely the best time to buy in decades.  According to CNN money, home prices are at 2002 levels nationwide but Atlanta, listed with 4 other cities have prices at year 2000 or before.  With interest rates at an all time low and values that dropped in Atlanta 17% since last year, you are crazy not to take advantage of it if you are thinking of buying!  Even if you have to sell to buy, you will more than make up the difference on your sale with a purchase that could prove to be the best buy of a lifetime.    Call me today at 770-354-0243  to get started on your atlanta  home search today, its cheaper then renting in this market. You can always email me as well. Don’t wait another moment, there are some hot deals out there–now its your turn to take advantage of them!

Should your offer be different on a short sale?

The fact is that 29.1% of the market in Atlanta area are short sales, so it is hard to avoid them when you are searching to buy a home.  If you happen to fall in love with one that you want to buy, should your offer be different than a traditional real estate transaction?

The resounding answer is YES.  You need to make sure you have an agent like myself who understands how to structure a contract for short sales.  There needs to be special contingencies as part of the contract so that if you get tired of waiting, and yes you need to be a buyer who can wait 60 to 90 days,  that allows you to get out of the contract if you want to move on and buy something else.

You also need to ask questions of the seller, is there a 3rd party negotiating the short with the bank? Has the seller submitted all required docs to bank?  Has the bank done their BPO? (Broker Priced Opinion)  Is this an approved short sale or not?

Another thing is that this is a distressed property, home warranties, termite bonds, personal property are not usually part of the deal.

If you are looking to purchase a home,  call me today at 770-354-0243 or email me and I can help you navigate through this market and if you happen to find a home that is a short sale, you can rest assured that I will work with your interests in mind when writing the contract.

Location, Location,Location!

If you want to live close in and walk to cool shops, take a look at this home in Smyrna.  2878 Bernard Way, priced at $425,000, a full 100K less than seller paid for the home.  This is a fabulous Craftsman Style  Earthcraft home built in 2007.  This home has so many upgrades it’s hard to name all of them, you just have to see it.  Hardwood floors on main, a gourmet kitchen to DIE for with unpolished granite..very cool, stainless appliances, hip black cabinets, chefs style 6 burner gas cooktop.  Another great feature of this home is the double sided fireplace to the dining room and living room. Coffered ceilings, double trey ceiling in Master, wide substantial trim work. Screened porch and spacious deck for grilling out.   The quality speaks for itself.  4 bedrooms, 3 -1/2baths with 2 additional storage areas.  You don’t even have to mow the lawn, it is included in HOA fees.  Close to 285 and I 75,  walk to the very popular Smyrna Market Village and Durham Park.  Youve got to see the virtual tour–Click here.  Call me today at 770-354-0243 for a personal showing.

15 Year Mortgage Rates hit all time low, 3%!!

If you have been putting off buying a house, do it now! Mortgage rates hit an all time low this week which means you can afford more house for the money!

I cannot stress enough if you have been on the fence, now is the time to get off! It is time to take advantage of the best market to buy real estate in decades.

Call me today at 770-354-0243 or email me and lets get started on your home search today! And if you are thinking of selling, it is a great time, inventory levels are lower and buyers are ready to buy!

 

The Stats are in, We are in a Changing Market!

The 1st quarter in real estate was the best quarter in 4 years.  The numbers are showing that it looks as if we hit the bottom of the market in January 2010.

Inventory levels are down 30 % over this time last year!  Less homes for sale creates more demand and homes are selling faster.  In one price point –under $200,000  in all areas of metro Atlanta we are officially in a sellers market! This means that we have less than 4 months of inventory on the market and buyers are actually competing for homes!

There are pockets of Atlanta such as the Walton High School district that is in a sellers market from  under $500, 000

Another interesting stat is that short sales now make up 26%  of the market and foreclosures are down and represent 16% of the market.  Distressed homes represent 42% of the market overall, this is across all areas of metro Atlanta.

What does all this mean to  you?  If you have been thinking about selling, now very well be the time.  And if you are a buyer, there is going to still be  a window of opportunity to get some great prices and interest rates are at an all time low.  However this window will be closing, buyers have been on the fence for a long time and it will not last.  This market is in transition and then it will seem a slow one at first and then before you know it, buyers will be COMPETING  for houses.  So don’t wait, get into this market today.  Call me at 770-354-0243 if you are thinking of buying or selling, we can discuss your goals and see if this is the right time for you to sell or buy!

Don’t wait, Warren Buffett  says In the business world, the rearview mirror is always clearer than the windshield 🙂

Buyers should choose their lender BEFORE they look for the house

Often times buyers set out to look at homes before they speak with a lender.  A buyer needs to shop around and interview several lenders on rate, customer service and the speed in which the lender performs with its processes to get a loan approved. Also, you may find a home you LOVE and want to put an offer in immediately and you can’t because you don’t have a pre approval letter to submit.

 The whole process from contract to close will go faster and smoother if the buyer turns in all documents has a full application and credit check before they go under contract with the seller.

Rates are the lowest they have been in years, making homes more affordable. This will not last forever, so if you are thinking of buying a home, call me today at 770-354-0243 or email me.  I can help you find a lender, and we can discuss your hopes and dreams of that new home and how I can help you!

 

Walton High School District Homeowners–We need your home!

Calling all homeowners who live in Walton High School district in East Cobb Georgia!!   We have buyers right now who may be a perfect match for your home.  The inventory levels are low right now and we need your homes to sell!

Homes priced under 300,000 have less than 4 months of inventory, anything under 4 months  is considered a sellers market.   Also the price point of 550-599 and700-799 have less than 4 months as well.  In this local market this is a hot area and if you are thinking of selling in any price point in Walton High Schoool district call me today at 770-354-0243 to discuss what we your home may be worth and you never know we may already have a buyer for you!

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