Sell, Buy, Sell, Buy!!

It’s time for selling and buying! Before spring time hits and everyone decides it’s finally time to sell, put your house on the market and go for it.  With the number of active houses on the market at an incredible low there is an increase in competition among buyers for a smaller number of properties. In other words, there are multiple offers on houses within days of the listing date because buyers want to snatch it up before anyone else gets it! It’s no longer accurate to say we are in a distressed real estate market. If you are wondering what your house is worth and would like to move give us a call (409) 936-8382. Our team is eager to work with you and puts 100% into every buyer and seller we work with!

Home Improvements

According to the National Association of Realtors 1 out of 3 houses sold in 2012 needed major repairs or renovations.  That’s 33%!! “But where do I get the money for those repairs?” Home Improvement/Rehabilitation Financing is coming back strong.  When the market took a fall, construction financing was not offered by many lenders. Now that we are on the upswing and the market is making a shift toward favoring sellers, construction financing is back on the table.  With such low inventory of houses on the market this is something to strongly consider.  Are you looking for that perfect 3 bed, 2 bath home in town?  Seems like that’s not too much to ask right? Then you start to notice that a handful of houses that go on the market in town are 2 bed, 1 bath homes.  This is where that construction financing comes in.  On average it will take about two to three months to add a bedroom and a bath and anywhere from $80,000 to $100,000 according to Peter Pasternack of Foundations Design.  Peter and his partner Brian are expert home flippers and have even been on A&E’s “Flip This House”.

A Seller could also make construction financing work in their favor.  So, it’s time to sell your home, but your fearful that the demand for 3 bed, 2 bath homes will send buyers running past your 2 bed, 1 bath home without even a glance.  Have a contractor come in a make a drawing for an additional bedroom and bathroom.  This usually costs $800 to $1,000 and would be money well spent. Make the drawings available to view during showings and hand them over to the buyer at closing so they have the plans to integrate into the house. It’s a great time to buy and sell and there are more options coming into play then there have been in a long time.

Inventory is shrinking!

The metro market statistics show it, buyers are feeling it – there are far fewer homes on the market right now.  In December 2011 there were 18,546 active listings on the market (in an 8 county metro Atlanta area) - compared to 26,030 homes a year ago.  And the recent max of 30,130 in June 2010.  Pair that with increasing sales – lower price points have already hit Seller’s Market inventory levels & higher price points are nearing balanced market levels.

But what does that mean for MY home?  I’ve been doing some research for some clients lately and found that every subsection of the market I have studied has followed suit.  Check out this example for townhouses in NE Fulton county (FMLS Area 14):

GenerateChartSA Inventory is shrinking!

Falling inventory

Want me to run this study for you?  As the market turns, it’s going to be ever more important to know the intricacies of your micro-market if you plan to buy or sell.  Call me today & let’s look at it together.

 

What is your remodel worth?

View the annual report on the relationship between remodeling costs and resale value. You can compare national and regional averages for 33 popular remodeling projects and you can also download a PDF with project data for any one of 80 U.S. cities.

In Atlanta, it looks like replacing your garage door and adding an attic bedroom are the two renovations that are more valuable this year than last.  Find the local data here:

2011-12 Cost vs. Value Atlanta Report

What is HARP 2.0 and How Could It Affect You or Someone You Know?

HARP stands for Homeowner Affordable Refinance Program and it is designed to help those homeowners that have been unable to get traditional refinancing due to the decrease in their home value and may not have enough equity or no equity at all. Homeowners can actually be upside down on their mortgage and still be eligible for this program.

Who is eligible?

  • Mortgage must be owned or guaranteed by Freddie Mac or Fannie Mae or must have been sold to either on/ or before May 31, 2009.
  • Mortgage cannot have been refinanced under HARP previously.
  • Current loan to value ratio needs to be greater than 80%.
  • Borrower must be current on their mortgage at the time of the refinance with a good payment history in the past 12 months.

As of January 2012 HARP guidelines have changed with the intent of reaching more underwater homeowners. The expanded HARP program – also referred to as HARP 2.0 -has NO loan to value restrictions! This loan program will also allow for more appraisal waivers than in the past.

Call me for more information on this important program and I can refer you to a couple mortgage lenders that can be of help to you. I would suggest if you qualify that you not wait to start the process.

This program will create a backlog eventually since it is coupled with the all time low interest rates.

You can click on this additional website for more information :

http://www.makinghomeaffordable.gov

Price it right, Don’t Negotiate!

sales over list price2 Price it right, Dont Negotiate!

1,272 properties sold at 100%, or more, of their Original Listing price

Correctly pricing with the current market can result in multiple offers and sales at prices above the original listing price. In 4Q 2011, 14.5% of sales were at selling prices at or higher than the original listing price (That’s 1272 homes selling for 100% or more of list price!)

2012 – a comeback year for Atlanta real estate?

2011 sales trending up 2012   a comeback year for Atlanta real estate?

2011 sales appear to finally be trending up after a prolonged down cycle

2011 finished the year with several indicators of a comeback market:
·        More homes are selling (+19% in the 4th quarter and +15.1% for the full year)
·        Sellers are seeing a better median Sales price/List price ratio
·        Somewhat fewer listings are failing
·        Listings are taking fewer median days on market to sell
·        There are 40% fewer homes on the market than a year ago:  A continued lower supply of active listings will be the main driver for recovery.

Carrie Qualters

IMG 0022BW3 240x300 Carrie Qualters
A 20-year resident of the Atlanta area, I attended  Milton High School in Alpharetta and obtained a BS in Mechanical Engineering from the Georgia Institute of Technology (where I also met my wonderful, funny, supportive husband). I worked for several years for a local engineering firm where I designed building mechanical systems and jet fuel distribution systems. I was honored to receive a professional engineering (PE) license, a feat that requires four years of post-degree apprenticeship and a grueling eight-hour test. I was also licensed as an American Petroleum Institute (API) pipeline inspector. Working as an engineer, I learned customer service, project management and teamwork skills that are used in each real estate project I take on for my clients. I also had wonderful opportunities to travel to construction sites and military bases all over the world! I left full time engineering to pursue new challenges in the real estate industry, where each project has pushed me to be as Smart and Creative as possible. The challenges of real estate transactions, the Fun & friendship I have shared with my clients and the business I have built in real estate have made it a career worth having and a life worth living. This enthusiasm for my business and the good life are contagious and I hope to share it with you!

 

City of Roswell

 

 

CNN named Roswell a contender for its list of the Top 100 Places to Live in the US in 2005.[9]

Named One of the Top Three Cities in the Nation to Raise Your Family. Roswell was listed third in the book, Best Places to Raise Your Family, released by Frommer’s.[10]

On October 30, 2006, the City of Roswell was named the 18th Safest City in the United States by City Crime Rankings, an annual reference book of crime statistics and rankings published by Morgan Quitno Press. Roswell was selected from 371 cities in the Overall Safest 25 category.

5025 Pattingham Drive

Pattingham front3 5025 Pattingham DriveNo worries with this beautiful home. Pre-inspected. All repairs made. Includes home warranty, brand new carpet and paint. Super fresh and ready to move in! This home is the largest in the neighborhood. Check the sf! Lovely keeping room w/fireplace off of the kitchen. 2-story family room w/wall of windows. Enviable master suite. Private fenced backyard. Ez maintenance, concrete siding,. Don’t miss this one! Seconds to ga 400 and downtown roswell shops, dining and entertainment.

[Insert Broker Name] is an Equal Opportunity Employer and supports the Fair Housing Act.