Tips For Selling Your Home

Unlike other things that you may own, you can never take selling your home lightly.  A house is a big commodity, one that is worth a lot of money.  Before you even think about selling your home, you should put a lot of thought and consideration into it.  Although you may want to sell your home – you should make sure that you do it the right way.

The first thing you should do when you are thinking of selling your home is to hire yourself a qualified real estate agent who knows the neighborhood.  An agent who knows your neighborhood will know the ideal price for your home, and help you sell it at the ideal price.  If your home is priced right for the neighborhood, chances are it will sell.  If it is priced too high, you might not get any offers or anyone interested in buying the home.

Once you have a real estate agent, you and your agent will need to develop a strategy.  You’ll need to decide on the price and how long you will leave it on the market before you think about a reduction.  You’ll also need to discuss his commission as well, which will help to avoid any misunderstandings in the future.  If you talk about these types of things when you first start out selling your home, you’ll find the entire process to go much smoother.

In some cases, you may run out of time before you are able to sell your home.  In this situation, you may want to rent out your home.  When you rent out your home, you may also be able to strike a deal with renters that your home is available for showing.  To make the house accessible to potential buyers, you may want to offer your renters a lower price.  This way, they will be more inclined to make the house available for potential buyers.

Keep in mind that selling your home will take you some time. You can also sell it yourself if you prefer, without a real estate agent.  This can save you quite a bit of money as well, as you won’t have to pay a real estate agent.  If you are planning to go this route, you should make sure that you know the value of your home and you know the neighborhood.  You can put a “for sale by owner” sign in the yard, and list your home in local newspapers, and on the Internet as well.  This way, you’ll get your home out to the market of potential buyers.  Homes that are for sale by the owner are always great for buyers – as they can deal with the owner directly and not have to worry about dealing with any real estate agents.

Buying a Home – Tips & Tricks

The very best and most enjoyable reason to purchase real estate by far is in buying a property in which your family will live and grow together. There is a lot of fun involved in finding the perfect place for you and your family to call home. There is also a great deal of stress involved as well and that should not be overlooked.

Some things to keep in mind when searching for the perfect property for your family are the following:

1) Make your first step the step of finding a REALTOR or buyer’s agent that you are confident has your needs, desires, and best interests at heart. Your REALTOR can prove to be a lifesaver when you’ve reached the final hours before closing and the sky looks as though it’s going to fall. Far more than that though, your REALTOR can help you find the home that you simply cannot see your family living without.

2) Once you’ve found a real estate agent that you trust to help you find a home for your family, it is time to identify the things that are absolute necessities in your search and those things you can live without. The most important thing to decide upon is a budget that you are comfortable living with.

3) Once you’ve established a budget you need to decide the features that are important to meet the needs of your family. The number of bedrooms, bathrooms, square footage, and yard space. Do you need a fenced in yard or a basement? These things are important as they do affect the comfort and in some cases safety of your family.

4) Another important thing that must be considered when purchasing a home for your family is the neighborhood. This is more important than many people may realize. It is well worth having a smaller home in a neighborhood that is poised for growth rather than a larger home in a neighborhood that is in the state of decline or on the verge of the state of decline. Crime rates in the neighborhood and the school district are other things that need to be considered as well before deciding to view a potential home.

5) You should also take the time to look at several properties before deciding on one property over another. The more properties you see, the better the chances are that you will actually find the one perfect property for the needs of your family home. The more homes you see the more you will learn about your likes and dislikes. You will also get ideas about possibilities and things that can be added on to the home you eventually select. Regardless, the more homes you see, the more choices you have when the time comes to make a decision.

6) Trust your agent to help you determine the best asking price and leave some room for negotiation. Even if you are willing to pay the full asking price, offer something a little lower and allow some negotiating room. Be sure, if you truly want the house in question then make your offer strong with minimal contingencies. Some things you may want to consider when you make your offer is how quickly you are likely to need a new roof, new flooring, new heating or air conditioning, and countless other improvements that may need to be made on the property. Each of these things costs money and they add up over time. If everything is fairly recent and in good working order you may want to consider that when making your offer as well.

You will find many houses along the way but few will reach out and impress themselves upon you as home. Those are the ones you should consider long and hard. Weigh the options, the prices, and your likes and dislikes. If you do all of this you should be well on your way to the home of your dreams.

Should I Buy A Short Sale in Gwinnett County?

Looking to buy a short sale in Gwinnett County? We sell a lot of short sales. But short sales are not for everyone. While short sales can be a great deal in today’s market, they can be frustrating if you are not fully prepared on what to expect. So we wanted to take a few minutes to review when you shouldn’t look at a short sale.

If you meet any of the criteria below, you may not want to buy a short sale in Gwinnett County.

  • If you need a quick answer. Banks take a long time to make a decision. If you need to be in an answer within a specific time frame or you need to be in a home by a specific date, then you should a short sale.
  • If you don’t have any money. Most short sales will require that the buyer contribute some funds to make sure that the home can close. Examples of where you may need funds are for repairs, down payment, or closing costs. Remember that the bank is agreeing to release the seller from a large balance and therefore they typically are not going to have additional funds for you.
  • If you expect to get a large discount and then feel like you want to further negotiate. The bank is going to tell you what they will or won’t accept. So, if you you want to further negotiate, you may be better off with a traditional seller. The bank will get close to fair market value for the home.
  • If you are easily frustrated and want quick answers to your questions, this process is not for you.

Short sales are still the “Wild West” of real estate. We have seen a lot of different things happen when a seller wants to short sale their home. Remember that a short sale is when the seller is asking the lender to take less than the balance is owed on the home. Hence the lender comes up short or “takes it in the shorts”. I think the biggest issue that people forget is that no two short sales are the same. What a lender did for one borrower (Seller) may be totally different for another borrower. There are a lot of factors that go into the lender’s decision to short sale or not. The seller is not in control of the process, the lender is.

So to answer if you should buy a short sale in Gwinnett County, you need to know the facts before you look. You have to have plenty of time to allow the process to take place. Typically 6 months or more and even then, understand that the home may still not work out. Work with a professional agent who has had success with short sales- helping people selling & buying short sales. They can help guide you as to the process, helping position your offer to the bank, and work through the short sale process. However, even with all of that, you still may not get the home.

Buying a Home in Gwinnett – How Much Can You Spend?

When you’re looking to purchase a home in Gwinnett or any other North Metro Atlanta area, the smart thing to do is review your budget. This is a great time to see where you are in accomplishing your financial goals and retaining your financial freedom. There’s nothing worse than making a major change in your life’s situation and then six months later, finding out that you can’t afford your new life after all. That’s why before moving into a new home or making any major new purchase, you should work out (or review) your basic budget before pulling the trigger on any major life decision.

When working out your basic budget, the first thing you need to do is calculate how much money is actually coming in. Ideally, when buying a home, your maximize amount should be 33% of your total household income. This allows you some savings in addition to not being stressed about your mortgage when unexpected costs come up. a simple way to calculate your net income would be to take your gross monthly take home income and subtract the taxes, health care costs deductions, payroll deductions, savings auto transfers, and whatever money you place in your 401k. The amount you have left over is your net monthly income before your bills are paid. This is your total monthly “spendable income.”

Spendable income is a deceptive name for it though as there are still many monthly bills you still need to pay. Take your spendable income money and subtract all the knowable and reliable bills you see every month. Rent, cable bill, cell phone bill, utilities, insurance payments, car payments, budget for upkeep and repairs, add it all together and subtract that amount from your spendable income. If you don’t know, or can’t track some bills or utilities reliably, use the average from the last three months to give you a good idea of how much you spend on those items.

After you’ve taken out all the money that you spend on the bills you know about, this will be your disposable income. You can set more of this money aside for other priorities that aren’t normally thought of for bills. This can include money for your monthly food budget, daily coffee stand runs, or prescription medication you may need. Whatever is left over will be your surplus money. This surplus money is beyond your disposable income. This is money that has no purpose! And that’s a good thing!

At the end of each month, you should find yourself with a surplus of money. If you’re smart with your surplus, then you will put it in savings or in an account that isn’t easy for you to access and is specifically designed for purchases that are beyond the scope of what you normally buy during the course of the year or month. This money can be good to set aside for a down payment on a house, unexpected bills or debts that you’d like to clear from your credit report earlier than your original budget called for. There’s nothing more satisfying then reaching your financial goals earlier than you expected. Using this surplus money as a way to pay down those debts earlier than you expected can give your budget and financial plans a boost far ahead of where you thought you’d be.

Saving money doesn’t have to be a hassle. It should be the goal of everyone out there who has financial goals they want to achieve. Money is the lifeblood of how you make it in the world. Having a surplus or amount of money that allows you to weather bad luck, or an accident you didn’t see coming can mean the difference between living on the streets and being secure. Working out your basic budget before moving into your new home should be the number one priority of every homeowner after they buy a house. Prepare for the worst, but expect the best! That’s how good financial planners look at their finances, and you should too!

Buying a Home in Gwinnett? 10 Questions You Need to Answer

When buying a home in Gwinnett, you may need financing for all or part of the purchase. Finding a mortgage should be easy, but there are a lot of options and questions to be considered. Because of all the options, it is best to seek a mortgage professional who can listen to you and ask you the right questions to make sure that you are finding a loan that is right for you and your situation. In today’s market, the really good homes have multiple offers and they are in limited supply.  So you want to make sure that you are educated and ready before you find the home of your dreams.

So what do you need to look for in a mortgage professional? We are going to go through the questions you need ask yourself and ask your mortgage professional. We will provide more details on the individual questions in case you need further clarification. So if you are buying a home in Gwinnett, Fulton, Cobb, or Forsyth  – we hope this information will be helpful. If you want further information – merely select the question and you will be taken to another page for more explaination.

Is your Mortgage Loan Officer Mortgage Professional certified?

Are you & your credit ready to Buy a Home?

How much can you afford versus how much can you borrow?

What is the difference between pre-approval & pre-qualification?

Do you have all the documents you will need available for your Mortgage Loan Officer?

What kind of loan is best for you – Fixed or Adjustable?

What are points & who should pay them?

What exactly are closing costs & who is responsible for them?

What is the difference between the interest rate and the annual percentage rte?

As you can see there is a lot to consider when buying a home in Gwinnett. We want to make sure that you are paired with reliable mortgage professional and we highly recommend Amy Wilemon of Silverton Mortgage.

Senior Loan Originator
NMLS#: 226390
Silverton Mortgage
Office 404-601-4177
Cell 404-368-4031
Fax 678-336-5052
amy.wilemon@silvertonmortgage.com

www.MortgagesByAmy.com – for Pre-qualification & Questions.

What Is a Short Sale?

A short sale can be defined as a sale of property yielding an amount less than what is due on the balance of the note. Usually, this is due to a financial hardship that is experienced by the homeowner. After negotiating with the lender, the homeowner will usually sell the property and hand over the proceeds of the sale to the bank. This may or may not satisfy the obligation of the note, based on how the deal is structured. Short sales are often a solution homeowners will evaluate prior to going into foreclosure. In many cases, short sales are cheaper and less complicated than the foreclosure process.

Most creditors require the borrower to prove they have an economic or financial hardship preventing them from being able to pay the deficiency  Creditors holding liens against real estate can include primary mortgages, and second mortgages, home equity lines of credit, home owners association HOA (special assessment liens) all of whom will need to approve individual applications for a short sale, should they be asked to take less than what is owed.

The biggest advantage to buyers is clearly the ability to move into a new property at a great discount. Moreover, buyers may find that short sales have an additional benefit over foreclosures too, since unlike a foreclosure, there’s not much of a risk that the buyer will need to take action to remove the seller from the property.

Although Short Sales can be great for Buyers, they may or may not be for the Seller.  In some cases the Lender may not offer to relieve the seller of the responsibility of paying off the balance of the loan. So, sellers should get a solid commitment from lenders that states this is part of the terms of the sale. Also, though the seller is avoiding a foreclosure, short sales often affect the Seller’s credit score. So, sellers should discuss this issue with their lender to figure out how the Short Sale will be reported to the credit agencies.

Buyers need to be concerned too, since getting a deal on a short sale is not as easy as it may sound. In fact, there are some extra steps that buyers need to take when entering into a short sale, which can require doing some additional homework and getting the right paperwork.

Of course, if you’re a buyer considering entering into a short sale, it would be wise to consult a real estate professional who can answer your questions and help you navigate the process. This way, you can be better prepared to pull together all the appropriate information you need to complete the transaction and move into your new home.

If you owe more than your home is worth and would like to know your options, please contact – Mark Lackey @ 404.886.8789.

If you are a buyer and want to have the smoothest purchase possible while getting a great value –feel free to fill out this brief form and someone from the Atlanta Housing Source Team will contact you quickly.

What To Do When Your Home Isn’t Selling

When you sell your home, the process is almost like going to a job interview.  Selling a home involves presentation, which is one of the key factors that determine the outcome.  Although this may sound a bit weird, presentation is a way of life in the world of real estate.  Buyers in today’s market look for good presentation – many basing their final decisions on it.

If the property you are selling comes with a garage, you’ll need to go through your garage before you sell your home.  Chances are that you store things in your garage, which can easily pile up over time before you realize it.  If your garage is in a messy condition, you’ll obviously want to clean it up.  Buyers look for homes that are in perfect condition, and anything less than perfect will look bad in the eyes of the buyer.

Most homes have some truly outstanding features inside of them.  You should always do your best to highlight the best features of your home, instead of just hoping that the buyer understands what they are.  The ideal way to bring out the best features of your home is to use the proper lighting.  If your home is clean, you can use lighting to bring out the best features in your home, and ensure that they stand out to the buyer.

When a potential buyer first pulls up to your home; the first thing he will see is your lawn.  If your lawn is trimmed and well taken care of, he will get a good impression right off the bat. If your lawn is a wreck, he may immediately pull away.  To give the best impression to the buyer, you should put some thought into how things look.  You can always plant flowers around the walkway and throughout the yard, which will look great to a potential buyer.

You should also make sure that the entrance into your home is a positive as well.  The front door should be in great shape, as well as the entry area into the home.  You can add some plants, paintings, and rugs to ensure that your buyer gets a good impression.  When the buyer walks through the entry way into your home, you should make sure that the view he or she takes in is a good on.  Your biggest goal when showing your home is to ensure that the buyer is pleased.

Keep in mind that it may take some time to sell your home.  These days, homes depending on price and condition, can sit on the market for months at a time before they actually sell.  If you are having trouble selling your home and want a second opinion, we would be happy to speak with you about how we get homes sold.

Homes for Sale | River Colony

River Colony subdivision, Lawrenceville,GA. is conveniently located inGwinnettCountynear I-85 and Duluth Highway.  The neighborhood is only minutes away from fine shopping and dining at Discover Mills.

River Colony is very close to outstanding amenities like the Gwinnett Civic Center, Collins Hills Sports Park, Sugarloaf Country Club, Gwinnett Technical College, post office, and library. River Colony has several different phases is a very family oriented Subdivision. The neighbors enjoy their lovely amenity center with adult and children’s pool, 8 lite tennis courts, children’s fenced play area, full club house and all  beautifully landscaped.

The outstanding local schools that serve are McKendree Elementary, Creekland Middle, and Collins Hill High School.  The school buses make stops throughout the neighborhood.

Homes in River Colony homes are typically priced from the $120’s to $225’s so there really are homes in a choice of price ranges for any Lawrenceville or Gwinnett County home buyer.

CALL ROBIN LANESE FOR UP TO DATE INFORMATION REGARDING HOMES IN PEACHTREE CORNERS AT 678-231-1412.

SEE AVAILABLE HOMES IN RIVER COLONY:

  1. 3 beds, 2 baths
    Home size: 1,734 sq ft
    Year built: 1986
    Broker reciprocity icon
  2. 4 beds, 3 baths
    Home size: 3,400 sq ft
    Year built: 1987
    Broker reciprocity icon
  3. 3 beds, 2 baths
    Home size: 1,982 sq ft
    Year built: 1996
    Broker reciprocity icon

See all Real Estate in the River Colony tract.
(all data current as of 12/17/2017)


FMLS Logo Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2017 FMLS.
Data last updated: 12/17/17 9:19 PM PST.

Walk Score provided by walkscore.com.

Homes for Sale | Neely Farm

Neely Farm subdivision, Peachtree Corners, GA. is conveniently located in Gwinnett County near I-285 and Holcomb Bridge.  The neighborhood is only minutes away from fine shopping and dining at the Forum Shops.

Neely Farm is very close to outstanding amenities like Simpsonwood Methodist Retreat Center, Jones Bridge Park, Historic Norcross, post office, and Library. Neely Farm is comprised of mostly custom homes a most established and desirable neighborhoods.

The outstanding local schools that serve are Peachtree Elementary, Pickneyville Middle, and Norcross High School.  The school buses make stops throughout the neighborhood.

Homes in Neely Farm are typically priced from the $500’s to a million  so there really are homes in a choice of price ranges for any Norcross or Gwinnett County home buyer.

CALL MARK LACKEY FOR UP TO DATE INFORMATION REGARDING HOMES FOR SALE IN NEELY FARM OR OTHER HOMES IN PEACHTREE CORNERS AT 404.886.8789

SEE AVAILABLE HOMES IN NEELY FARM:

  1. 5 beds, 5 baths
    Home size: 4,620 sq ft
    Lot size: 17,424 sqft
    Year built: 1988
    Days on market: 9
  2. 5 beds, 5 baths
    Home size: 4,620 sq ft
    Year built: 1988
    Broker reciprocity icon
  3. 4 beds, 5 baths
    Home size: 5,800 sq ft
    Year built: 1989
    Broker reciprocity icon
  4. 4 beds, 5 baths
    Home size: 7,130 sq ft
    Lot size: 16,988 sqft
    Year built: 1989
    Days on market: 32
  5. 5 beds, 7 baths
    Home size: 6,935 sq ft
    Lot size: 3.36 ac
    Year built: 1993
    Days on market: 81
  6. 5 beds, 7 baths
    Home size: 6,935 sq ft
    Year built: 1993
    Broker reciprocity icon
  7. 6 beds, 5 baths
    Home size: 5,301 sq ft
    Lot size: 22,215 sqft
    Year built: 1989
    Days on market: 150

See all Real Estate in the Neely Farm tract.
(all data current as of 12/17/2017)


FMLS Logo Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2017 FMLS.
Data last updated: 12/17/17 9:19 PM PST.

Walk Score provided by walkscore.com.

The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of GAMLS. All real estate listings are marked with the GAMLS Broker ReciprocitySM thumbnail logo and detailed information about them includes the name of the listing brokers.

The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.

Copyright 2017 GAMLS. All rights reserved.

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Homes for Sale | Amberfield

Amberfield subdivision, Peachtree Corners GA.  is conveniently located in Gwinnett County near I-285 and Peachtree Industrial North. The neighborhood is only minutes away from fine shopping and dining at The Forum Shops

Peachtree Corners is very close to outstanding amenities like Chattahoochee Jones Bridge Park, Wesleyan Christian School, Historic Norcross, and West Gwinnett Aquatic Center. Amberfield is one of the prestigious Field’s Club Subdivisions built throughout Peachtree Corners more established and desirable neighborhoods.

The outstanding local schools that serve are Simpson Elementary, Pickneyville Middle and Norcross High School.  The school buses make stops throughout the neighborhood.

Homes in Amberfield are typically priced from the $400’s to $600’s, well constructed brick traditional styles the yards reflect pride of ownership and will be greatly appreciated by any Norcross or Gwinnett County home buyer.

CALL ROBIN LANESE FOR UP TO DATE INFORMATION REGARDING HOMES IN PEACHTREE CORNERS AT 678-231-1412.

SEE AVAILABLE HOMES IN AMBERFIELD:

  1. 6 beds, 5 baths
    Home size: 6,400 sq ft
    Broker reciprocity icon
  2. 5 beds, 4 baths
    Home size: 5,125 sq ft
    Lot size: 17,859 sqft
  3. 5 beds, 4 baths
    Home size: 3,447 sq ft
    Broker reciprocity icon
  4. 6 beds, 5 baths
    Home size: 5,190 sq ft
    Lot size: 12,632 sqft
  5. 6 beds, 5 baths
    Home size: 4,230 sq ft
    Broker reciprocity icon

See all Real Estate in the Amberfield tract.
(all data current as of 12/17/2017)


FMLS Logo Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2017 FMLS.
Data last updated: 12/17/17 9:19 PM PST.

Walk Score provided by walkscore.com.

The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of GAMLS. All real estate listings are marked with the GAMLS Broker ReciprocitySM thumbnail logo and detailed information about them includes the name of the listing brokers.

The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.

Copyright 2017 GAMLS. All rights reserved.

GAMLS Logo