Posts in category 'Homes For Sale'

From Deciding to Sell to Sold

I have the pleasure of speaking to the residents at Wesley Woods of Newnan this week regarding the listing process. I thought I would share a condensed version here. My presentation was entitled "From Deciding to Sell to Sold."

The first step in deciding to sell is to think about where you are in life. Maybe you own your first home, and you need a bigger house for a growing family. Maybe you have a large home, and your children are grown. It may be time to downsize and purchase a smaller house. Wherever you are in life, it is important to really think about what you need moving forward. Often, though, sellers don't have a choice in selling, as they may be moving for a job, due to a foreclosure, or divorce, or even death.

What is the local market like where your property is located? Is it a buyer's market or a seller's market? Maybe it is not the...

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Mortgage Assumption? What's That?

Maybe you have heard of a mortgage assumption in real estate or maybe you have not. With the mortgage rates being higher today than they have been in the last few years, we are seeing mortgage assumptions again in the local real estate market. I am currently handling a mortgage assumption transaction right now for the first time in a very long time.

An assumable mortgage allows the prospective buyer to purchase the home by allowing the buyer to take over the seller's current mortgage. For an assumption to work, the homeowner's mortgage must be assumable. Most conventional mortgages are not assumable. Loans that are insured by the Federal Housing Administration (FHA), Department of Veteran Affairs (VA) and United States of Agriculture (USDA) are typically assumable. The seller must agree to the buyer assuming their mortgage.

At the time that I am writing this, mortgage rates are around 6.5%. If you are looking to purcha...

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The Coweta County Real Estate Market is still strong. This market can be considered a seller's market, especially in the lower to middle price points. When taking my clients out to search for homes, it is extremely competitive from the $100,000's to $300,000 price point. We constantly encounter multiple offer situations. It is very frustrating when you make an offer on a property and lose out to another buyer. To counter this, we Realtors are trying to find off market options (properties that are not listed) for our clients. The speed at which you move to find a home as it hits the market, or sometimes even before, makes a huge difference. Buyers must also have their financing in order and be ready to make an offer on a home quickly. Being pre-qualified and having good communication with your lender, is essential if you are a buyer in today's real estate world.

The good news for buyers is that it is still a good time to purchase a home as interest rates are still low. I am c...

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NOW IS THE BEST TIME TO BE A BUYER OR A SELLER OR BOTH

The best selling/buying time of the year begins about the middle of February to the first of March. People start to look around for finding a bigger or smaller house in the spring, plus those who plan to move when school lets out begin the process in the spring.

This year, the interest rates are behaving and are still historically low. Rates will probably go higher by 2020, so the time to take advantage of these low rates is now. Do not be a fence sitter because these opportunities do not last forever.  It is a great time to be a buyer.

Inventory levels are still low in our area, so demand is high. Multiple offers are now commonplace. Offers are usually on the higher end, so it is a great time to be a seller, too.

Spring into Spring and list your home, then buy or build your dream home or one that better me...

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