Foreclosures Explained by Ana Hodge, your Marietta GA Real Estate Consultant with Atlanta Communities. Serving home buyers and home sellers in Marietta, Kennesaw, Acworth, Dallas, Smyrna and Powder Springs There are a lot of alarming statistics out there about foreclosures. … Continue reading
I came across this article and thought that many of us could benefit from it. While making improvements and keeping our house in good condition is vital when resale time comes around, the truth is that many buyers wont even consider buying your house if your neighborhood is not well kept. So take the time to drive around your neighborhood and stay current with your HOA plans. Trust me, it is in your best interest.
Bad Neighbors Can Decrease Property Values
Daily Real Estate News | Thursday, January 31, 2013
A bad neighbor can bring down the value of a home, possibly by even up to 10 percent, according to the Appraisal Institute.
“I’ve seen many situations where external factors, such as living near a bad neighbor, can lower home values by more than 5 to 10 percent,” says Richard L. Borges II, president of the Appraisal Institute. “Home owners should be aware of what is going on in their neighborhood and how others’ bad behaviors could affect their home’s value.”
What qualifies as a bad neighbor — or “external obsolescence” in appraisal speak? Home owners with “annoying pets, unkempt yards, unpleasant odors, loud music, dangerous trees and limbs, or poorly maintained exteriors,” according to the Appraisal Institute.
The organization recommends home owners take action. For example, banding together with other neighbors to approach the “bad neighbor” together and check if the home is violating any municipality codes or subdivision restrictions that you can report. In some cases it may be worth hiring an attorney. “If all else fails, the cost of an attorney likely will be less than the home’s potential loss in value,” according to the Appraisal Institute.
Source: The Appraisal Institute
Interest rates continue to increase but to be able to purchase a home and lock an interest rate of 3.75 for 30 years its still a gain for any person that is looking to buy.
Looking to buy a home, sell a house or invest in real estate in Marietta? Contact me. It will be my honor to help!
5 Reasons You Should List Your House TODAY! taken from the The KCM Blog.
Ana Hodge -www.buyahomeatl.com
People are usually asking about the market and the overall idea, and the reality until recent months is that the buyers have had the upper hand, and many people was able to acquire really good properties for almost nothing. Well, things are changing. The effect of low interest rates keeps bringing more and more buyers into the market, and now the challenge for those wanting to buy before interest rates climb is that inventory of homes for sale is low. reality is right now in Marietta, GA we are in a sellers market and this are 5 reasons why this is a great time to get off the fence and list your home.
1.) Demand Is High
Homes are selling at a pace not seen since 2007. The most recent Existing Home Sales Report by the National Association of Realtors (NAR) showed that annual sales in 2012 increased 9.2% over 2011. There are buyers out there right now and they are serious about purchasing.
2.) Supply Is Low
The monthly supply of houses for sale is at its lowest point (4.4 months) since May of 2005. The current month’s supply is down 21.6% from the same time last year. Historically, inventory increases dramatically in the spring. Selling now when demand is high and supply is low may garner you your best price.
3.) New Construction Is Coming Back
Over the last several years, most homeowners selling their home did not have to compete with a new construction project around the block. As the market is recovering, more and more builders are jumping back in. These ‘shiny’ new homes will again become competition as they are an attractive alternative to many purchasers.
4.) Interest Rates Are Projected to Inch Up
The Mortgage Bankers’ Association has projected mortgage interest rates will inch up approximately one full point in 2013. Whether you are moving up or moving down, your housing expense will be more a year from now if a mortgage is necessary to purchase your next home.
5.) Timelines Will Be Shorter
The dramatic increase in transactions caused many challenges to the process of buying or selling a home in 2012. We waited for inspections, dealt with last minute appraisals and prayed that the bank didn’t ask for ‘just one more piece of paper’ before issuing a commitment on the mortgage. There are fewer transactions this time of year. That means that timetables on each component of the home buying process will be friendlier for those involved in transactions over the next 90 days.
Buying,selling or investing in real estate in Marietta or Cobb County? I would welcome the opportunity to help you have a successful and financially rewarding transaction.
Do you want to sell your home in Cobb county by the beginning of Spring? According to KW research it takes an average of 2 months for buyers to decide to buy a specific home.Then you should consider listing it now to get ahead of the many sellers that wait for the Winter to be over to list their home.
If you’re looking to improve the appearance of your home for resale in Cobb County, or you just want an updated look for your own enjoyment, there are a few things you must consider before beginning any costly project. Sure, … Continue reading
Biding wars continue to get worse in some areas. Another reason why you need a professional on your side!
Tight inventories of for-sale homes all over the country are to blame for the biding wars on homes for sale in recent months. Buyers in the Cobb County and Atlanta metro areas in general are competing with investors and other cash buyers that are ready to snatch a good buy before home prices climb again.
The situation is causing frustration for people as they face rejected offers and are forced to get competitive by in some instances having to offer above listing price in order to secure a contract. According to the California Association of REALTORS®, as cited in Realtor.com, Daily Real Estate News, “nearly six in 10 homes were selling with multiple offers because of tight inventories.”
For buyers this mean that now more than ever they should seek the assistance of a professional Realtor to help them understand the market and be competitive as they approach the home buying process.
For sellers or anyone waiting for the right time to sell a home, this are very encouraging news as we enter into the new year. Homes are receiving an average of four offers, according to CAR’s 2012 Annual Housing Market Survey report. Forty-one percent of homes are selling without a discount too, which marks the highest number since 2005.
The process of moving can be quite intimidating; that’s why having all the information and resources you need is fundamental to make your transition as smooth as possible. Click on the link below to get access to market trends in your desired area. A home is a big investment, one that will impact you and your family life in a great manner, so before you purchase your next home look at the information I have for you. I hope it can be of your benefit as much as it has been for many of my clients.
The numbers are in! Home sales continue to increase from previous years and low interest rates are bringing more and more buyers eager to find a good property. Whatever motivates you to sell, having a professional on your side is very important. Before you list your home for sale with a real estate agent you should interview several of them and find the best fir for you and your family.
This short video will hep you understand a short sale, one of the most popular options homeowners are using right now to avoid foreclosure. Looking for different options? A real estate consultant can provide answers to your questions. Call me today if you are interested in learning more about this process or any other involving real estate.