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Archive for the ‘Vinings’ 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

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

Atlanta Home Appraisals and Inspections

Wednesday, June 26th, 2013

When I list a home, I try to control all aspects of the process. I do this because I think it should be my responsibility that the house not only goes under contract, but that it goes to closing!

I follow up with the selling-agent about any inspections, and go to the home- inspection, checking in with the other agent and the inspector and if they are there, introducing myself to the buyer, as the seller’s representative. I do this because I believe that it is my job to (a) make sure that there are no non-related items on the report  and also (b) to represent the seller.

We are in an appreciating market, unlike the depreciating one 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. After the inspection but before the appraisal, I take the lockbox off the door, courtesy-calling the selling agent in advance, and telling him/her that I what and why I am doing this. I do this with all my listings, so that I am able to meet and talk with the appraiser. Because I am the one who is letting the appraiser into the house, taking the lockbox off enables me to justify the listing price/sales price to an appraiser, usually in-person.  Once the home is appraised, I put the lockbox back on the house, enabling the buyer to take another look, most times “locking” them into their love of the property.

After the house is strongly “Under Contract”, ready for closing, an “Under Contract” sign is placed on the house. Why so late? Because I want to encourage back-up offers.

Does your agent do this for you? If not, call or email me and allow me to tell you all of the other things I do for a seller!

Atlanta Sold homes

Atlanta Real Estate

 

 

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 Real Estate Warrior

Thursday, January 5th, 2012
This morning, I ran into a old friend, who worked for the same builder as I worked for, a few years back. He laughingly called me a “warrior”, which I took as a compliment. It tickled me and got me thinking: what exactly is a real estate warrior?

A “warrior” is defined as ” a person engaged or experienced in warfare; a soldier; a person who shows or has shown great vigor and courage.” In other words, a Realtor!

Who among us agents has not shown courage and vigor by simply staying in Atlanta’s local market? In 2012, our market will be constantly changing, just as it was in 2011.

If you are looking for a “warrior” agent, I’m the one! Pick up the phone or send me an email or text. Let me show you that I’m ready! Set your goals and soar with me!!!

 

Atlanta Sold homes

Atlanta’s Real Estate and New Homes Market

Friday, November 18th, 2011

Atlanta Home For Sale

I’ve been feeling, and saying, that Atlanta’s real estate market is getting better. One of the ways to gauge Atlanta’s home market, is to look at new-construction. I feel like I’ve been right all along, as here’s another signal that the market is improving.

Single-Family Housing Starts rose to a seasonally-adjusted, annualized 430,000 units in October – a 4 percent increase from September and the highest reading in 3 months (a “Housing Start” is defined as a home on which ground has been broken).

The increase surprised Wall Street analysts, although it shouldn’t have.  Earlier this week, the National Association of Homebuilders showed that Homebuilder Confidence is at its highest point since May 2010, the effect of better market conditions and more sold units. Rising housing starts, amid a lift in builder confidence, is to be expected — the two metrics have moved with loose correlation since mid-2000.

Of course, as with everything in real estate, Single-Family Housing Starts volume varied by location. The nation’s 4 regions posted wide-ranging results:

  • Northeast Region :  +10.0% from September
  • Midwest Region :  -4.1% from September
  • South Region:  +11.3% from September
  • West Region:  -10.2% from September

Buyers of new construction in Atlanta can infer two key points from last month’s data. First, with more homes being built, home supply should rise, thereby softening pressure on rising home prices. This should help keep homes affordable. However, the second point is
that with builder confidence rising, buyers are less likely to win price concessions and “free upgrades” in negotiations.

The last 6 weeks of 2011 may be the optimal time to buy new construction. Home prices remain affordable and mortgage rates are rock-bottom, the lowest they’ve been in decades. If you are a buyer and because there are typically fewer active home buyers during the holidays, you’ll be more likely to locate one of the few remaining new construction “deals” in the next several weeks.

Talk to me, your Realtor, about neighborhood trends and new construction. Simply done and always at your service!

The new iPhone 4S

Saturday, October 15th, 2011

Turn on a TV or the internet for the news and all you’ll hear about, is the new iPhone 4S. What’s the big deal about it?

Okay, all my friends and clients have been wondering where the “geek” in me has come from. I suddenly found myself debating iPhone vs. Android. I knew what the online gossip was, what Apple might be announcing and when; if Sprint would have an exclusive to the “maybe-released” 5-version; what the expected benefits were going to be for the new phone. But most important, I knew how long it was going to take before I’d get that phone in my hands. It has been an excruciating 4 weeks!

Yesterday, as I anxiously awaited the UPS delivery, I realized why I was so nutzoid about this new iPhone. It isn’t that it has better resolution or that it is lighter or faster than my old 3G. It is because my ENTIRE life is on that phone! In short, I am now connected to my life and to my business with a 4S iPhone!

  • All of my contacts, with names, telephone numbers and email addresses, are in my phone;
  • My calendar: all of my client- and personal-appointments are on my iPhone;
  • Throughout the day, I check for emails. I need to know if an inspector or a lender is having trouble with a client’s transaction or if the closing attorney has rec’d the loan package. I need to know what buyers and sellers are thinking or working on;
  • My motivational music is on my phone. I use songs to help me swim in the morning and make lead-generation calls for my business. I use music to get me up or calm me down;
  • Reminders and lists are on my phone. Do I need to drop off a key to an appraiser? When I go past a Publix, do I need to pick up air freshener for the seller with 3 large dogs? What time will those dogs be out of the house for my Open House?;
  • My GPS is on my iPhone. How do I get where I need to go?
  • Traffic reports are on my iPhone – is Buckhead traffic snarled at one street or throughout the entire area, from Vinings to Brookhaven?
  • The ‘net is on my phone: what if I need quick access to who, what or why?

My “old” iPhone was murdered. I had taken it into a large retail outlet, wanting a docking station to add music to my open houses. I started sampling the different docks and after a few tests, saw smoke coming out of my phone. I pulled it up and away from the dock, but it was too late: it was fried. The store management was really nice about it, but I wanted to replace it with the new version, not an old one. Technology is moving too fast to use old systems. The problem was, that I had to wait until Apple intoduced its new phone and that was 4-5 weeks away. The store gave me a phone to use during that time, but it wasn’t an iPhone. I have been going crazy looking for, thinking and obsessing about my new phone.

Yes, I have been absolutely insane. But wouldn’t you want your Realtor to be focused on the tasks needed to be done? And seamlessly doing them with organized systems? Yesterday afternoon, I finally got my 4s iPhone and I am no longer hyper-ventilating. I am back and ready: how can I help you buy, sell or invest in Atlanta real estate?