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Archive for the ‘Atlanta Mortgages’ Category

Why Sellers Need to Keep their Homes on the Market for the Holidays

Sunday, October 18th, 2015

1. People who look for a home during the Holidays are more serious buyers!
2. Serious buyers have fewer houses to choose from during the Holidays and less competition means more money for you!
3. Since the supply of listings will dramatically increase in January, there will be less demand for your particular home! Less demand means less money for you!
4. Houses show better when decorated for the Holidays!
5. Buyers are more emotional during the Holidays, so they are more likely to pay your price!

6. Buyers have more time to look for a home during the Holidays than they do during a working week!
7. Some people must buy before the end of the year for tax reasons!
8. January is traditionally the month for employees to begin new jobs.  Since transferees cannot wait until Spring to buy, you must be on the market now to capture that market!
9. You can still be on the market, but you have the option to restrict showings during the six or seven days during the Holidays!
10. You can sell now for more money and we will provide for a delayed closing or extended occupancy until early next year!
11. By selling now, you may have an opportunity to be a non-contingent buyer during the Spring, when many more

houses are on the market for less money! This will allow you to sell high and buy low!Santa at Xmas_iStock_000002255010XSmall

Best day to Buy a home is…..

Friday, September 25th, 2015
Atlanta in the Fall

Atlanta in the Fall

According to RIS Media, a real estate magazine, RealtyTrac analyzed over 32 million sales of single family homes and condos sold since 2000, and found that, on average, buyers got the best deal in the month of October. The best day of the week to buy a home is Monday; the second best day is Friday. The worst day is Thursday.

On average, the study also showed it’s October 8, when buyers averaged 10.8% below estimated market value at the time of the sale, followed by:

  • November 26 (10.1% below market value)
  • December 31 (9.7% below market value)
  • October 15 (9.1% below market value)

The best “average” day of the year in North Atlanta was January 15, as buyers recognized a whopping 14% discount in the last 15 years!

If you are a buyer, and with interest rates about to rise, why are you waiting? Call me today!

Nancy Sold Another One

Nancy Sold Another One

Closing on your New Home during the Holidays

Monday, November 19th, 2012

Many of the real estate closings in November and December have to be scheduled around the longer holiday breaks for Thanksgiving, Christmas, and even New Year’s Day.  Most lenders and attorneys are closed for the Wednesday – Friday period around Thanksgiving. They are also usually closed for an extra day or two before or after Christmas and New Year’s Day.

There are also many buyers, sellers, and agents who will be out of town or otherwise unavailable during these holiday breaks.

Attorneys and lenders  will work hard to accommodate the buyers and sellers, but it is important to check with all parties before scheduling and to make every attempt to have all parties at closing.  Mailouts of loan packages are much more complicated today, and the parties must find a title company or attorney in their location to supervise the signatures.  This is required for buyers and sellers.  In addition, the loan papers must be sent out several days prior to the closing deadline, in order to meet the contract expiration for completing the closing.

Please notify the closing attorney and lender as soon as possible if you know that you or the other party will be unavailable for your closing, and try to reschedule your closing to avoid the extra time, effort, and expense of a mailout.

And, as always, if you want to CLOSE before 2013, call Nancy Aroneck & Company! We are experienced and will actually get you to the closing table  quickly, and with as little “pain” as possible!

Atlanta’s Real Estate: are we there yet?

Friday, September 21st, 2012
Nancy Aoneck, Realtor helps me buy a housee

Nancy Aroneck & Company Opens the door to Atlanta Real Estate

Realtors and statisticians all say that when the real estate market has 6 months of “inventory”, we are in a balanced market. If the inventory is above six months, as it has been for the past several years, it is a buyers’ market; below six months, it’s a sellers’ market.

Some people say that Arizona was the epicenter for the real estate crash. In 2011, 60% of Arizona’s real estate transactions were REO’s (REO = Real Estate Owned; ie: properties owned by a bank or investor). In 2012, that number is down to 10%, with a 1.5 month inventory. SIX WEEKS’ inventory??!!! In the past, Atlanta and the east coast followed Arizona, California and the west coast in recent real estate trends; how far are we behind them now?

Although the East coast is not yet at the 6 week-inventory mark, Atlanta is no longer in a buyer’s market. It’s a seller’s market when a seller is priced right and that property is in the right condition . I know this is difficult to understand if you are a buyer and listening to too many talking heads on tv, but with rates below 4%, you are still sitting pretty! What are you waiting for?



The Atlanta Real Estate Market

Thursday, June 28th, 2012

Nancy Sold Another One

What’s happening with our market??? We have almost half of the listings that we had at this same time last year, and the correctly-priced homes are receiving multiple offers.  Are we out of the buyers’ market, re-entering a sellers’ market? Oh yeah — we are!

Finding a Realtor in Atlanta

Monday, March 5th, 2012

How does one go about finding a good Realtor in Atlanta? Are you looking for one that is trustworthy and honest or one who knows the real estate market and all of Atlanta’s neighborhoods? Do you want a Realtor that will find you the right house or one who can negotiate on your behalf for your new Atlanta home? Can you combine these attributes and get it all?

The answer to all of the above should be a resounding “Yes”!

Ask your friends who own a home: “how did you find your Realtor”? In a recent study by the National Association of Realtors’ of how buyers/sellers found their agent, over 80% of buyers/sellers say, as they walk away from the closing table, they would use their agent again*. Yet when it comes to actually re-buying or re-selling, less than 10% actually used their previous agent*.

How frequently do you hear from your agent? Does  she keep up with you and your family’s lives? Does she know the market and give you information regarding the Atlanta real estate market’s fluctuations? If not, you could be one of the 70% that forgets your agent’s name and number, when you sell or buy property.

For many of my buyers/sellers, I am on  the 2nd, 3rd and in one case, 4th “generation”, of purchases/sales! My clients refer me to their friends and relatives because I keep in touch and keep my clients in the-know. Does your Atlanta Realtor do that? If not, may I help you with your real estate needs?

* From a National Association of Realtors’ study of buyers/sellers.

What’s my Down Payment to Buy a home in GA:

Monday, January 9th, 2012

In Georgia, a buyer can buy a home, putting 3.5%* down, less if the buyer is a veteran. The average down payment in our state, according to Lending Tree, is 11.94%.

Also according to Lending Tree, the top 10 states with the highest down-payments US are:

1.  New Jersey –  13.71%

2.  Washington D.C. – 13.50%

3.   New York –  13.47%

4.  Hawaii –  13.33%

5.  California – 13.22%

6. Florida –  13.16%

7.  Alaska –  13.06%

8.  Connecticut – 13.03%

9. Nevada –  12.98%

10. Massachusetts –  12.98%

Click here to see what every state looks like, in terms of an average downpayment.


* Qualified buyers of an FHA loan

What’s new in Atlanta Real Estate

Friday, November 18th, 2011

One of the new trends in real estate is not “big” (as in the mini-mansions of 2004), but more personal space (as in Owners’ Suite or Sun Porch). Anything that gives an Atlanta homeowner more bang for their buck, is hot right now.

People are always asking me what their home is “worth”.  Atlanta’s houses may not fetch the same price as they did 5-7 years ago, but what is making them hot and sell quickly, are the features that the owners have enjoyed, while living in their homes. Do you have outdated wallpaper or a master bath that feels like a spa? Do you have a living room no one enjoys or a sunporch that the kids use or one in which you like to curl up with a book?

I can help you modify your home to show off its assets and get it ready to sell. Call me, your Atlanta Realtor: Simply Done and always at your service!

Brookhaven Ashford Park Sun Porch

Buying an Atlanta Foreclosure

Tuesday, January 25th, 2011
Here are some tips to consider when trying to buy a foreclosure:

  1. Work with Realtor who has access to foreclosure information.
    Many home buyers assume that all agents have access to foreclosure listings. Ask your agent!
  2. Bank-owned properties usually close faster than short sales.
    While short sales can be bargains, they also can take a lot longer to close. Some banks will negotiate in a timely manner on short sales, but most will prioritize properties they have already repossessed.
  3. Always offer less than the asking price.
    Don’t assume that banks are firm on their price. For example, asset managers are responsible for liquidating bank-owned properties, but are often willing to consider a lower offer.
  4. Ask the bank to pay your closing costs.
    The worst that can happen is that they say no. Sometimes buyers are surprised to find that banks can be quite accommodating when they want to.
  5. Get pre-approved from the right bank.
    When making an offer on a short sale, sometimes it is helpful to be pre-approved by the same bank. During negotiations, this may tip the scales in your favor.

I’m here to help. Call or email me for more information!

Atlanta’s Property Tax Meltdown

Thursday, December 16th, 2010


I am looking forward to this report. On Sunday, December 19, the Atlanta Journal Constitution (AJC) will launch its “Property Tax Meltdown” series – an investigative report that reveals flaws in home property value assessments and their impact on metro Atlanta homeowners left with unreasonably high tax bills. The obvious question is: “What took you so long?” and why haven’t our towns, counties, town councils and elected officials realized this?

I believe 2011 will be the ‘Year of the Short Sale’. If you aren’t ready to handle this type of sale, you should be getting ready or finding someone who is! And make sure you know the tax implications of the sale for the buyer.