Relevant Real Estate Issues

With the low rates we have had over the last several years you would hardly expect for anyone to consider doing a Lease Purchase in lieu of buying. But I am still getting request for properties that offer a Lease Purchase option.

Lease Purchases – The Good

There have been a number of times in the last thirty years when Lease Purchases were a good option for those that needed a little time to increase their down payment, or to repair their credit. In the rapidly appreciating years of the late 90’s and early 2000’s, Lease Purchases were considered a good tool because you could always count on values to go up. This assured the buyer that the home would most certainly appraise for what its Lease Purchase price was, and it assured the seller that the

2,946 Views, 0 Comments.

In today’s real estate market receiving multiple offers on a property is not uncommon.  In fact we recently offered several properties for sale that had seven offers on each the first weekend.  When this happens it is critical that the agent or Broker have a strategy to properly evaluate all offers in order to advise their Seller clients how best to respond.

Offer Instructions

Providing “Offer Instructions” is an effective way to guide and direct agents on what the Seller would want in the offer.  Drafting “Offer Instructions” which can be loaded on to our forms platform provides agents an opportunity to review the “Offer Instructions” prior to submitting an offer.  This helps to influence the transaction from a very early stage, and also serves

29 Views, 0 Comments.

New listing for home for sale in Johns Creek.  Located in one of the more affordable communities of Johns Creek and within walking distance to Taylor Middle and Chattahoochee High, as well as Super Kroger and Starbucks.  Home has been taken such good care of over the years.  Recent improvements include vinyl siding, roof, HVAC, granite, master bath upgrade and wood floors throughout.  Great first home or investment property.  Large fenced yard with spacious storage building.  Prices are continuing to rise at an astounding rate in the 30022 zip code of Johns Creek.

If you would like to see this home immediately call Van or Jeanne Purser at 770-623-3313.

Van Purser is a licensed real estate broker in Georgia.  Since1981 he has successfully

47 Views, 0 Comments.

Wild Timber in Sugar Hill GA is a planned community located along the Chattahoochee River and National Forest. Residents will love miles of wooded hiking trails, volleyball court, playground, 3 pools and easy access to the Chattahoochee River and National Forest, ideal for fishermen and nature lovers.

This home is located on a cul-de-sac lot which backs up to the National Forest.  Built in 2000, this home features concrete siding with stacked stone accents, covered front porch and 26x10 covered rear porch, which overlooks the national forest, providing serenity, privacy and a quite ending to days end.

Main level features master bedroom, open and flowing floor plan with kitchen and breakfast room overlooking family room.  Built in book cases

68 Views, 0 Comments.

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

140 Views, 0 Comments.

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

838 Views, 0 Comments.

 

                                                                                                                               

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

242 Views, 0 Comments.

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

316 Views, 0 Comments.

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

1,357 Views, 2 Comments.

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. 

vanpurser-graph_697

1,347 Views, 0 Comments.