Relevant Real Estate Issues

 

Each month you will be able to check how the market is doing in your county.   The interactive statistics will provide insight into Average Sales prices, Number of Closed Sales year over year, percentage of Sales Price to List Prices, Average Days on Market, as well as the year over year numbers for distressed properties in your area.  

Average Sales Price

This statistic will provide insight into year over year changes in Sales Prices. This valuable information will provide insight into whether home prices are increasing or decreasing in your area as well as the percentage of change for each month and year over year.  

Number of Closed Sales

This statistic will provide insight into the number of homes sold in your county, and the changes that

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Each month you will be able to check how the market is doing in your county.   The interactive statistics will provide insight into Average Sales prices, Number of Closed Sales year over year, percentage of Sales Price to List Prices, Average Days on Market, as well as the year over year numbers for distressed properties in your area.

Average Sales Price
This statistic will provide insight into year over year changes in Sales Prices..  This valuable information will provide insight into whether home prices are increasing or decreasing in your area as well as the percentage of change for each month and year over year.

Number of Closed Sales
This statistic will provide insight into the number of homes sold in your county, and the changes that have

516 Views, 0 Comments

Each month you will be able to check how the market is doing in your county.   The interactive statistics will provide insight into Average Sales prices, Number of Closed Sales year over year, percentage of Sales Price to List Prices, Average Days on Market, as well as the year over year numbers for distressed properties in your area.

Average Sales Price
This statistic will provide insight into year over year changes in Sales Prices..  This valuable information will provide insight into whether home prices are increasing or decreasing in your area as well as the percentage of change for each month and year over year.

Number of Closed Sales
This statistic will provide insight into the number of homes sold in your county, and the changes that have

359 Views, 0 Comments

As we continue to experience a Sellers’ Market one of the things that we have seen more of is Buyer’s making All Cash Offers.  In most cases these offers will result in All Cash closings.  However, we have seen an increasing number of Buyers make All Cash Offers and then revert to securing a mortgage in order to close.  This is a strategy that Buyers are using to increase the appeal of their offer.

In response to this our GAR Forms Committee has amended the “All Cash Sale” exhibit to address these issues.  In my opinion there are three areas that should be addressed to eliminate those making All Cash Offers from reverting to securing a loan in order to close.

     1.  The option that should be selected on the “All Cash Sale” exhibit should

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This new listing in Lawrenceville is in the Wildcat Cliffs subdivision off Collins Hill Road. It is conveniently located allowing easy access to an abundance of activities, entertainment, dining, and shopping for all ages and interests.  The Collins Hill Aquatic Center and Park, Camp Perrin Gwinnett public library, the Mall of Georgia, Georgia Gwinnett College, Hwy 316, and the Gwinnett Braves Stadium are all just minutes away.

This well-maintained, one-owner ranch is located at the back of a quiet cul-de-sac with sidewalks through the neighborhood. This clean home is a rare find with a 4th bedroom and 3rd full bath upstairs. The upstairs space has plenty of storage with 3 closets, and can be used as teen suite, media room, home office, or private

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Limited Warranty Deed Instead of General

This is a major benefit for Sellers.  The old language required the Seller to convey title via General Warranty Deed.  This meant the Seller was warranting the title against all defects, including those that may have occurred before the Seller owned the property. 

Warranty: Seller warrants that at the time of closing Seller will convey good and marketable title to said Property by limited warranty deed…..

The 2017 GAR forms provide for the Seller to convey titles via a Limited Warranty Deed.  This limits the Sellers warranty to just the time that the Seller has owned the property.  (Your agent or Broker cannot mess this up)

Van Purser is a licensed Real Estate Broker in Georgia. Since 1981 he has

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Seller’s Responsibility to Disclose

A big change this year is associated with the Sellers responsibility for disclosing latent or hidden defects, even when the property is being sold “AS IS”. 

Even if the Property is sold “as-is” Seller is required under Georgia law to disclose to the Buyer latent or hidden defects in the Property which Seller is aware and which could not have been discovered by the Buyer upon a reasonable inspection of the property.

 An oversight by the Seller could result in damages to the Buyer. (Don’t let your agent or Broker overlook this)

Van Purser is a licensed Real Estate Broker in Georgia. Since 1981 he has represented hundreds of clients over the years as an investor, and Associate Broker with Metro Brokers, RE/Max

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Each year our Georgia Association of Realtors (GAR) works very hard to update the GAR Forms that most major Brokerage firms use.  The annual release of new or updated forms always has an impact on the Brokers’ clients, whether Buyers or Sellers.  Below you will find some of the more significant changes and the impact that they may have.

Community Association Disclosure (CAD or HOA Exhibit)

In years past many agents have overlooked this as an essential element of the contract, leaving it out, or in many cases allowing for the Seller client to fill it out without attention to detail.  In the past the consequences were nominal and rarely caused a problem.

However the changes in the (2017 CAD or HOA Exhibit) now carry a potentially large penalty. 

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My broker, Van, pushes me to think – makes my brain hurt sometimes! He asked me a thought-provoking question last week, “Pam, looking over your first full year in real estate – what would you say is your ‘take away’?” I’ve learned so much …. but I was thinking of the details, not the Big Picture. What was the Big Take Away? What did I discover about the business and how I relate to it?

Steve Forbes said, “You can't connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future.” What does that have to do with real estate? Lots!

When I took my first real estate course, I remember the instructor telling the class, “This class is to teach you how to pass

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923 Noble Oak Court - Lawrenceville, Ga

This new listing in Lawrenceville is located in Sterling Ridge subdivision. This home is just a few miles away from revitalized downtown Lawrenceville which offers an abundance of activities, entertainment, dining, and shopping for all ages and interests. Many of the restaurants are housed in revitalized buildings adding to the historic feel. Located on the downtown Historic Courthouse Square, the Aurora Theatre produces live professional performances—from musicals to Shakespearean plays to children’s theatre – something for everyone. Free concerts during the Spring and Summer invite all to enjoy the festivities. Also, nearby is the Mall of Georgia, Coolray Stadium, Sugarloaf Mills Outlet Mall, Historic City

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