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Archive for the ‘New-Home Construction’ Category

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

Building a New Home

Friday, May 10th, 2013

Have you ever wondered about the steps it takes a builder to clear a lot and build a new-home? Follow my video, as a builder-client begins a new home: Clearing the Site for a new home

Coming Soon Sign

 

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 New-Home Construction

Sunday, March 6th, 2011

Lately, I’ve noticed signs that Atlanta’s new-home construction is starting up again, and it seems to be starting in a big way. Hammers are pounding and saws are buzzing again, a sign that the home-building industry is slowly coming back to life.

In Georgia, we look to the West Coast and California for trends. How’s this one for a bell-ringer:

The Irvine Company, a Southern California development company, recently announced plans to built up to 2,600 homes in two new developments; workers have already begun to frame the new homes. This same company footed the bill 13+ months ago and financed its own foray into new construction. About 10,000 people showed up for the developments’ grand opening and the projects were sold-out in less than half the estimated build-time. By the end of 2010, more than 1,200 homes were sold.

300 Georgia companies are helping sponsor the 7th annual Construction Education Foundation of Georgia Career Expo (CEFGCE), March 17-18. It will showcase different career paths for architecture, construction, energy and facilitiies mangement to more than 6000 attendees.

I used to sell new-homes exclusively. Then 2007 hit and I reinvented myself. I don’t think that we’ll ever see the go-go days of new-home construction we saw in the early 2000’s, but I believe that we are about to see a resurgence in construction. Isn’t that a wonderful thing?