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Archive for the ‘Nancy4TheHouse’ 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!

Brookhaven and Dunwoody Schools

Monday, August 3rd, 2015

The first day for Dekalb County schools is Monday, August 10, 2015. Are you ready?

School bus_iStockNancysNewHomes

New home in Brookhaven?

Sunday, August 2nd, 2015

Do you want to live closer in-town? Inside the perimeter?

The newly incorporated City of Brookhaven, in DeKalb County, may be just what you are looking for! Brookhaven runs along Peachtree Road and is located inside I-285, south of Perimeter Mall, and is bordered, approximately, on the south by Druid Hills, the east side by Buford Highway, and on the west by Peachtree Dunwoody Road. Depending on your budget, there are many Brookhaven neighborhoods to select from! Among the larger neighborhoods in this new Georgia city are Ashford Park, Historic Brookhaven, Drew Valley, Murphy Candler, Cambridge, Lanier Estates, Oglethorpe, Brittany, Fernwood, Lynnwood Park, Hillsdale, Nancy Creek Heights, Brookhaven Fields, Byrnwyck, Lenox Park, Pine Hills, Windsor Park, Mill Creek, Harts Mill, Briarwood Hills, Chaucer Wood, Oak Forest Hills.

If you are in the market for your dream home, call me. I may be able to help!

iStock_NancysNewHomes_Website_ColoredBench

 

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?

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!

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