Relevant Real Estate Issues

Real estate conditions here in the Greater Atlanta area are increasingly favoring the Seller side of the transaction.  As of the end of April we had 2% fewer detached single family home listings than we had at the same time last year.  This is contributing to a number of issues all attributable to low inventory. Certainly price point and location play a huge role in real estate; however, virtually all areas of Greater Atlanta are experiencing similar issues.

Sellers
In many cases Sellers are receiving multiple offers on their properties.  And it is not uncommon for the offers to exceed the list price.  This requires additional due diligence by the sellers' agents to insure that the best offer is selected, and decreases the need for sellers to

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Interactive Real Estate Stats for Atlanta Counties

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

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We recently received a call from some dear friends suggesting that we contact the owner of this home.  It is located in Duluth, just inside the city limits, and only a short walk from downtown, a very desirable area.  Our friends, who are neighbors, wanted us to purchase this home to insure that the renovation was done correctly; resulting in improving the values in the neighborhood and hopefully providing a good neighbor in the process.  The home was known as “the yard that took over the neighborhood”.

Before & Afters Link- Check It Out

Although not a large home, it had about 1556sf; consisting of three

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Things to Consider When Challenging Appraisals

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 establishing market

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You would think that once a buyer and seller have agreed on the price and terms of the sale of a home that the hard part would be over. This is not always the case. Home inspections if not handled correctly can sometimes cause more anxiety than negotiating the price and terms of the home. Knowing a few simple guidelines will help in working through inspection issues.

Inspection Period aka Due Diligence Period

In Georgia this period is usually called the Due Diligence Period. It is during this time, which is agreed to by both buyer and seller, that the buyer has the right at their own expense to inspect the property for defects. The most common types of inspections are Home Inspections, Termite Inspections, Radon Inspections, Septic System

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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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