Posts with tag 'Homes for Sale'

What exactly is an estate regarding real estate? Maybe you have heard of this but estates, like divorce situations, are common in real estate. Estate sales are common as well. This is when an estate sales company will have a sale of all the estate's personal property. But let's talk about estates in real estate as they are entirely different from an estate sale. In real estate, an estate refers to the total assets and liabilities of an individual including real property that is owned by an individual. This can include land and buildings, personal belongings, bank accounts and investments. The estate is managed by an executor whose primary role is to settle the estate of a deceased person. If there is a will, the executor must follow the orders of the deceased person's will. If there is no will, the probate court will appoint an administrator to handle the estate. 

It seemed like I was working with...

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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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Frank Heery Barron, Sr.

Congratulations on 50 Years at Lindsey's, Inc., Realtors

Today, I want to recognize my younger brother Frank, because he has reached a monumental milestone with our real estate firm, Lindsey's, Inc. Frank has completed fifty years of loyal, dedicated service.

Our family business was started by our dad in 1948. It has included several different business ventures, including a Pepsi-Cola franchise, an electrical and plumbing contracting business, a furniture store, and an insurance franchise, in addition to real estate brokerage.

Frank began working at Lindsey's, Inc., as did I, when he was twelve years old. We were paid 25 cents an hour to put together signs, clean out rental houses, put up signs, and other menial jobs. We probably were not worth 25 cents per hour, but we were learning the real estate business from the ground up.

Frank graduated from the University of Georgia Terry School of Busin...

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You may have asked yourself this question before or you might be asking yourself right now. The answer to this question all depends on your current situation in life, finances, where you live and your future plans.

Let's start with your current situation. Are you single? Are you married and expecting children? A home may be the right choice if you are expecting children and need more living space or yard space. Maybe you are single but are looking to build some equity in your home and not just write a check to your landlord every month.

Another question to ask yourself is do you have the cash on hand needed for a down payment to purchase? Depending on your financial situation, you can expect to put down a minimum of three to five percent of the purchase price. There are 100% financing plans like a VA loan, if you are a veteran, and USDA, if you are purchasing a home in a qualified rural area. Contacting a local mortgage lender is a great first step. The lender can qu...

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