Why Are There Multiple Offers?

Today’s real estate market continues to provide agents and their clients with new challenges. One hurdle that we’re facing is the prevalence of multiple offers on well priced properties. If what we have been seeing and hearing on the news about our real estate market is true, why would this be happening? Statistics show that the Atlanta area listing inventory is quite low compared to the previous 4 years. In the under $100,000 range citywide,...

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Tips to Increase Home Appeal

What sells a home? Is it the price, location, or condition? The truth is that it takes a combination of all of these factors to make a sale in today’s market. Unlike boom era transactions, the seller is now in the passenger seat. Buyers today have a great advantage. A glut of homes in many markets means that supply far outweighs demand. Buyers are able to be choosy and to negotiate sweet deals. When your home is on the market you want to...

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Homes and New Babies

Welcoming a new baby into a household can be both exciting and terrifying. How do you know that your home will fit a child’s growing needs? Is it safe and practical for an infant? These are both important questions to ponder as you prepare your current space or look for a new one. First, there are simple safety precautions all parents should take. Be sure to put plugs in all outlets. Babies are fascinated by things that are at their level...

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Navigating the Purchase of a Foreclosure

Typically foreclosures – or real estate owned (REO) properties – are a very good buy. They’re priced to sell, and buyers are likely to get a great deal IF you and your real estate agent are knowledgeable about the procedures and pitfalls you’re likely to face. It happens all too often. Buyers aren’t aware of how different REO’s are from typical homeowner re-sales. Here are some things to keep in mind: The bank rules. They’ll dictate how the...

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Housing Answer: Principal Reduction?

Despite many programs to help underwater homeowners, the financial crisis continues and foreclosures loom throughout the country. Some experts say the housing answer is not just lowering interest rates but also actually reducing principal. In other words, these experts are encouraging banks to write down the principal and interest rates to current market value, which according to some experts would save homeowners $71 billion each year....

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