Posts with tag 'Newnan, GA'

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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How excited everyone is to have this wonderful Memorial Day weekend to celebrate and enjoy family events at the beach, in the mountains or just at home in the backyard. Cookouts are planned with family and friends. However, we must all pause to remember those who gave their all that we may enjoy times such as this, as free citizens of this great country. We are all in debt to those brave citizen soldiers who came before us. Their sacrifice make all of this possible.

Have a great Memorial Day, but take a minute to salute old Glory, our Flag. We are so lucky and blessed.

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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The "Slow Season" of Real Estate

The Holiday Season is a time for being with your family and friends and celebrating. You would think real estate is the furthest thing from someone's mind. It is not uncommon, in our business, for a homeowner to take their listing off for the holidays or wait to list a property until after the first of the year. The general opinion is that buyers will not be focused on a home search around the holidays. Most corporations will not relocate an employee this close to the end of the year either. Many people believe that properties take a longer time to sell and average sale prices drop, during the holiday season, but is that true?

The spring time is considered our busiest time in real estate...

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One of the most common questions I receive is what happens if we have a low appraisal? Most real estate contracts are contingent upon the property appraising for the sales price. The appraisal is ordered by the lender but typically paid for by the buyer, unless negotiated otherwise. A low appraisal can be common in a hot market where home values are rising faster than the comparable sales can keep up. The good news is that a low appraisal does not mean the deal is over. In fact, we are able to work out most low appraisals.

One option you have is to appeal the appraisal. This is when you need to lean on your Realtor to find suitable comparable sales that will support your contract price. Appraisers can make mistakes and overlook sales. Make sure you or your Realtor look at off-market sales and not just transactions on the local MLS. Once you have some transactions that you think will support the value, the buyer's lender will send these to the appraiser to see if they warrant...

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