Posts with tag 'getting your home ready to sell'

Real Estate 2021 – Buyers and Lenders Get Creative

  As the current real estate market stays competitive, multiple offer situations are extremely common. Realtors are seeing homeowners receive multiple offers on their property, with several different types of financing involved with the offers. We are typically seeing cash, conventional financing, FHA financing, VA financing and contingency offers (buyers need to sell their current home before purchasing their new home). The cash offers normally win these multiple offer situations as they can offer a quicker closing with little to no risk being taken on by the seller. Appraisals are typically waived with cash offers. This is important as properties are not appraising. Buyers are overpaying to secure housing in this market with a limited supply of listings and high demand. 

  So, what can the buyers that require financing do to be competitive in this market? Many buyers are waiving their d...

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FATHER'S DAY AND LINDSEY'S

When I think of Father's Day each year, I, quite obviously, think of my wonderful father who passed away in 2007, Lindsey Hand Barron, born in 1923.

My dad grew up in Newnan and graduated from the old Newnan High School that sat on the corner of Jackson Street and Temple Avenue.

He worked after school each day at Kessler's on th...

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Realtors and home buyers alike are waiting for a significant improvement in the supply of real estate listings. As of April 27^th, 2021 there were only 220 single family detached homes for sale in Coweta County per the Georgia Multiple Listing Systems (GAMLS). At one point, earlier this year, this number dipped below 200 listings. While 220 is an improvement, that number is still historically low.

We are seeing the same issue across the state of Georgia. In fact, the number of new listings in the first quarter (Q1) of 2021 decreased 10% from Q1 of 2020 according to the Georgia Association of Realtors (GAR). The average days on market for a listing dropped 34% year over year. The number of pending sales, closed sales and the average sales price all increased dramatically year over year. The average sales price in the state of Georgia is $323,831. We are in a very strong seller's market.

If you have friends in the real estate business or if you are ever on so...

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It is so wonderful to be approaching spring after a long winter. The grass and trees are coming out, and warmer weather is on the way.

Spring is our best real estate selling time of the year. People are ready to get out and enjoy the outdoors. Many are being planting beautiful things in their yards and many are gardening, fishing, biking, playing baseball or golf, hiking or just plain walking in God's wonderful creation.

How one cannot enjoy spring is hard to understand. Maybe it is the pollen, which is the only negative to many of us at this time of year.

This time of year, people start looking for homes, land and home on land. With the market so strong, it is a great time to be a seller, conversely, the interest rates are low, so it is a great time to be a buyer.

All of us at Lindsey's, Inc., look forward to being of service to you, our clients and customer. We a...

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Our thoughts and prayers are with all who have been adversely impacted by the CAT 4 Tornado that struck our beautiful City and County of Homes.

As I walked down LaGrange Street, Greenville Street, Alpine Drive, Woodbine, East Broad Street and Hollis Heights over the weekend, one thought came to me. We really are Newnan Strong, and everyone is pitching in and helping those in need. There has been such an outpouring of support that we cannot stress enough the wonderful fabric of our community.

The magnificent trees are gone, and blue tarps are everywhere along the storms path, but there is an optimism and a determination to build back and make things even better than they were before. It will take time, but the scars will heal.

One miracle is that only one person died during the storm. The EMTs could not reach Barry Martin in time due to the obstacles caused by the storm, and we lost a very fine man. Saying all that, with the killer tornado being a CAT...

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