Relevant Real Estate Issues

Sellers and buyers will both benefit from having a better understaning of where a home fits into the overall pricing structure of a community. As a buyer by following these simple guidelines you can increase the likelihood that the offer you make will represent a good value to you, and if a seller you won't be inclined to turn down an offer that you should accept.

First- Have your agent provide you a list of all of the homes like the one you are considering, that are either under contract, or that have sold within the last 3-4 months. 

Second- Upon review you will begin to notice that they can be arranged into three categories.  Let’s call these categories A, B and C. Now separate each of the properties into one of the three categories. 

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2016 Deadline For Filing Homestead Exemption Is Near

The beginning of a new year reminds us that the tax season is soon approaching.

 As a first time homebuyer or if you recently purchased a new property, you have a tremendous tax advantage and may be eligible for what is known as Homestead  Exemption.  The term homestead exemption can refer to exemptions from property tax that homeowners can claim. It can also refer to homestead protection, which protects a person's primary residence in the case of financial hardship, such as the death of a spouse.

Homestead Exemption laws are not the same in all states.  Some states provide automatic protection under the law, while other states require the filing of a claim for Homestead Exemption. In

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This HOME FOR SALE IN MILTON Ga offers a smaller community with ACRE LOTS, and well-appointed amenities in Cambridge High school district.  Wyndham Farms in Milton Ga has roughly fifty homes, all of which are on acre plus lots, and offer generous green spaces and wooded areas. Located in the recently formed city of Milton Ga this community is served by some of the best schools in the area.  Summit Hill Elementary, Hopewell Middle and Cambridge High schools are sure to provide the highest levels of education.

This stately two story sets back off the road and is entered via a long winding drive that has the feel of an estate.  Lush green lawn, level front and rear yards and strategically wooded lot provides an atmosphere of serenity and privacy, and a

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Located in the heart of Johns Creek this spacious single story ranch provides lots of living space.  Recent appraisals reflect over 2500 square feet of space.  Located on a huge lot with a private back yard, the home has recently received a new architectural roof, concrete siding, new windows and recent paint, providing low exterior maintenance cost for years to come.

One of the most impressive features of this home in Johns Creek is the huge kitchen, which has tons cabinet space an eight foot island with additional cabinet space and a large double size pantry.  The kitchen area also includes a spacious breakfast room and a fireplace. 

Other impressive features include the huge family room with vaulted ceiling, banquet sized dining room and a huge

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This new listing in Suwanee is located in the North Gwinnett High School district, one of the most desirable schools in Gwinnett County.  Suwanee has won awards for its family-oriented environment and safety, and was voted the third best place in all of America to raise a family by Kiplinger, and was recognized by Money Magazine as one of the country's best small communities in which to live. Suwanee is well-known around the region for its distinctive parks, fun events, and high-quality mixed-use developments. Suwanee has more than 500 acres of parkland and miles of walking and biking trails. There's always something interesting happening in the Suwanee Town Centre; a great park with art, shops, restaurants, concerts, a fountain, and more!

Located

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One of the insights that I have been routinely reminded of over the last 34 years is that every real estate transaction has the story of people and families associated with it.  Each house contains the experiences, memories; crises and hopes of the families that have lived there.   I was vividly reminded of this recently as I was inspecting foreclosures prior to the Foreclosure Auction in Gwinnet County.

From the street it was obvious that the house had been neglected.  Yard and trees overgrown, siding falling off allowing the elements to enter the house, and unlocked for two years allowing anyone to have access.  Upon entering the house the depth of the chaos that existed while the family had lived there became very clear.  Each room was littered with

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Closing Cost and Transaction Fees

One of the many challenges faced by both Buyers and Sellers in today market place is the increasing cost associated with purchasing a home.  With increased demands on virtually all players in the real estate transaction, cost continues to rise.  Appraisals have gone up, the cost of title insurance has increased, the effects of (TILA RESPA Integrated Disclosure (TRID) are putting increasing demands on lenders and law firms resulting in increased labor and expenses, all of which are affecting the closing cost associated with purchasing a home. 

Closing costs or Transaction cost generally fall into several categories:  Loan Origination Cost, Attorney Fees & Government Recording Fees, Inspection Fees and Escrow

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In today’s tight inventory real estate market, finding good deals can be a challenge.  Once properties have been repossessed by the lender and then returned to the market you can expect higher price and lots of interest in the property. This normally means multiple offers.  In many cases once a property hits the open market they may actually sell for more than they should due to demand and low inventory.  This reoccurring theme can be very frustrating at the least and can result in over paying if not careful. 

Is There Another Option?

Depending on the amount of time one has and their source of funds, the county courthouse auctions can provide an opportunity to get on the front end of the deals. Although multiple buyers show up on  the first

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Appraisal rebuttals in Johns Creek, Roswell and Alpharetta

I recently received a call from a Keller Williams agent seeking insight into how to rebut an appraisal on a home in Roswell.  The appraisal had come in below the contract price, and her clients, the sellers were unwilling to adjust the price to the appraised value.   In an appreciating market where inventory is low, and Buyers are offering more than list price to insure that their offers are accepted, elevated values will often times need to be supported during the appraisal process.

A Recent Appraisal Rebuttal

Below is an appraisal rebuttal for a home in Roswell that specifically addresses the appraiser’s comments and approaches to the appraisal.

Click here for more information on

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Preparation

  • A flyer box will be left in the foyer or other location such as a dining room table, where agents can pick up a flyer of your home and leave their card.  
  • Special feature cards will be placed throughout the home to assist would be buyers in noting and remembering key features of your home.  They will contain QR codes that will allow for a buyer to access your listing on line with their mobile device while in your home.
  • For best results you may want to tidy up before a showing.  This should include turning on light, opening blinds and leaving soft background music playing.  
  • Please put valuables away to insure their safe keeping.
  • We will notify you via text, email or by phone to alert you to a showing.  You need merely to
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