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Archive for the ‘Atlanta Real Estate Investments’ 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

FSBO or Realtor?

Saturday, September 26th, 2015

Recently, I saw an online article, giving the major reasons why a seller should use a Realtor, rather than doing it themselves (FSBO=For Sale By Owner).

Sold by Nancy Aroneck

  1. A professional Realtor knows how to sell and close a property. We do it all day, every day. We see properties in every shape, condition, price range. We professionally list and sell homes for a living.
  2. A Realtor knows how to work the system to receive maximum exposure from prospective buyers. When selling a house, the property must be listed on hundreds of internet sites. Realtors know how to  do this, getting maximum exposure with professional photographs, pulling emotional heart-strings and providing financial criteria for their buyer audience. We know who is looking and who to contact.
  3. A Realtor will know how to prepare a house for sale and get it ready for the market. Is the seller prepared to deal with home contractors or know where to find trustworthy home-vendors? Does the house need costly repairs, such as interior and exterior painting, flooring, wood or brick repairs, kitchen or bathroom remodeling? Or does it just need to be decluttered, with the furniture rearranged and staged? Sometimes, a house doesn’t need anything and a seller wants to make unneeded repairs; it’s the Realtor’s job to stop them!
  4. A Realtor can get buyers into your home. Will a FSBO know how to properly and safely hold an Open House, then recognize and pre-qualify the buyers who come to the Open House? i.e.: does a visitor have to pre-sell their existing home before buying another; are they financially qualified to purchase a home in that price range; are the visitors just nosy neighbors? A good Realtor knows how to deal with these situations. In our market, relocating buyers (“relos”) will be using only Realtors, and their Realtors won’t show a FSBO because (a) they don’t know about it, (b) it is not prepared or priced correctly for the market and (c) their relo company is controlling the process. That company will not allow the buyer to purchase a non-Realtor-listed property. Relo’s receive incentives for moving; many of those incentives and exclusions, are specified in advance by the relo company. Relos are usually in a time crunch and cannot waste valuable showing time looking at houses they cannot/will not purchase.
  5. A Realtor knows the different areas of the city. Is the area declining or inclining in value? What are the future plans for the surrounding area? Are there plans for a school redistricting, a major street expansion, a sports stadium nearby? What grocery stores, recreational amenities, schools and entertainment venues are near the property?
  6. A trained Realtor knows how to effectively negotiate. She/he will negotiate objectively and fairly, not allowing emotions into the process and will strive for a win/win situation, in which a seller and  a buyer get what they want out of the sale. A Realtor knows how to get everyone to the closing table in a fast and effective manner. A happy closing is what everyone wants!

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

Cobb County, GA Schools

Sunday, August 2nd, 2015

If your home or workplace is in the Cobb county school district, you will notice heavier traffic this coming Monday, August 3. It’s the first day of school. If you would like to live in Cobb because of affordability, good schools and lower taxes, call me. I can help you find and buy your dream home!

School bus_iStockNancysNewHomes

Sell my house fast

Tuesday, July 7th, 2015

Have you ever said the phrase, “I need my house to sell fast”, then followed it with “but I must have $X dollars for it”? Yes, we all have. And yet, we are in a “Seller’s market” but many buyers don’t know that!

If you are having trouble selling, and more importantly, getting to closing, you should talk to a Realtor who knows how to get buyers AND sellers to the closing table: me!!! Call, text or email me – I’m here, waiting to talk with you!

Nancy Sold Another One

Nancy Sold Another One

Is your Realtor/agent a control freak?

Tuesday, July 7th, 2015

Control Freaks? Yes, when we sell a home, we like to control all aspects of the process, not just the negotiations. We do this because we think it is our responsibility that the house  goes to closing with happy sellers and buyers.

Once the house is under contract, we follow up with the buyer/buyer’s agent about any planned home-inspections, then we go to these inspections, checking in with the inspector, introducing ourselves to everyone. We do this because we believe that it is our job to make sure that everyone knows we are personally invested in the sales process and that there are no future ‘issues’ for either party.

We are now in an appreciating market, unlike the depreciating market we’ve been in for several years. In this current market, it is too difficult to “hope and wish” that the property will appraise for the sales price. If we are representing the seller, after the inspection(s), but before the appraisal, we take the lockbox off the door, calling the appraiser in advance, and telling him/her why we want them to “go through” us for their property visit. We do this so that we are able to meet and talk with the appraiser. Taking the lockbox off, meeting and personally opening the house for the appraiser, enables us to validate the sales price. We do this no matter which side we are representing.

What does your agent do for you? If you are not being represented in all areas of the sale, call us and allow us to show you how we sell houses. We’re a short call, text or email away!

Atlanta Sold homes

Atlanta Real Estate

Atlanta’s Real Estate Closings in 2012

Friday, December 28th, 2012

What paperwork do you need if you bought or sold in 2012?  Many residential sales are non-taxable events (principal residence or no gain), but sellers will have a 1099 and must still file the appropriate income tax forms.

Buyers: 

1.  HUD-1 Settlement Statement – this is needed for income tax preparation. Pay attention to closing costs, prepaid interest, property tax prorations, and other fees that may be deductible.

2.     Recorded Warranty Deed (or other deeds such as Limited Warranty Deed, Special Warranty Deed, Quit Claim Deed, Executor’s Deed, or Trustee’s Deed)  – these are needed to claim homestead exemption. You must provide recording deed book and page number from the recorded deed.

Sellers:

1.     HUD-1 Settlement Statement – this is needed for income tax preparation to show the sales price and all costs of the sale (closing costs, commissions, property taxes, etc.);

2.     1099 form – usually provided at closing by closing attorney – this form shows the gross sales price plus any prorated taxes that are being credited to the seller from the buyer (in case the seller tries to deduct the entire year’s property taxes).  The 1099 forms are no longer mailed out; there is an electronic report sent by each closing attorney directly to the IRS.

Again, please note that many, but not all, residential sales are non-taxable events (principal residence or no gain);  the seller will have a 1099 and must still file the appropriate income tax forms! Remember, as your Atlanta Realtor, I will always keep you informed!

 

Atlanta’s Housing Boom? Oh really?!!!!

Wednesday, December 19th, 2012

CNN Online News says there may be a housing boom in the coming months:  http://money.cnn.com/2012/10/12/news/economy/housing-boom/index.html?source=linkedin. Duh — where have you guys been???!!! I noticed a shift in February 2012 and that shift is becoming louder and louder.

Atlanta and the East Coast are always behind the “left” coast in trends. California has been reporting a shortage of for-sale homes for several months; inventory levels there are approximately 2.5 months. In November, the entire metropolitan area of Atlanta had only 11,400 homes listed for sale (I can remember levels of 95,000+ a few years ago).

So, again, I ask, where have the news reporters been?

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!