Wednesday, April 13, 2011

Hot Sheet

I have pulled a hot sheet that covers the last five days since it has been about that long since I posted the first hot sheet. There have been 27 new listings by Realtors working in Bartow County.

White Road 4BR/4BA/1HA - $1,200,000
Spring Lake Trail 4BR/3BA - $355,999
Lowry Way 5BR/3BA/1HA - $250,000
Burnt Hickory Rd 4BR/2BA - $237,500
Devin Lane 4BR/2BA/1HA - $234,900
Leila Cv 3BR/2BA - $190,000
Hopkins Farm Dr 3BR/2BA/1HA - $159,900
Clark Way NW 4BR/3BA - $152,000
Sassafras Trl 3BR/2BA - $149,900
Rowland Springs Rd 3BR/2BA - $149,900
Summit St 4BR/3BA - $149,900
Old Alabama Rd 3BR/2BA - $146,900
Holly Springs Rd 3BR/2BA - $139,900
Shady Valley Dr 4BR/3BA - $130,000
Hardin Bridge Rd 4BR/2BA - $129,900
Old Tenn Hwy 3BR/2BA - $115,000
Woodhaven Ct 3BR/2BA - $101,600
Manning Mill Rd 3BR/2BA - $98,500
Sunset Cir 3BR/1BA - $94,900
Oak Grove Ln 3BR/2BA - $73,000
Old Barn Way 3BR/3BA - $69,900
Terry Ln 3BR/1BA/1HA - $69,900
Reynolds Bridge Rd 3BR/2BA - $61,200
Taylorsville Macedonia Rd 3BR/2BA - $54,900
Mayflower St 4BR/2BA - $53,460
Ryles Rd 3BR/2BA - $52,000
John Kay Rd 3BR/2BA - $39,900

Tuesday, April 12, 2011

Foreclosure Inspection Issues

Foreclosures make up a large part of the market these days. When buying a house, I always recommend you have an inspection. They usually cost around $350 (depending on the inspector you use) for the average 3 bedroom/2 bath home and are well worth the money. The inspector will go over the house from the roof to the foundation and let you know (in a written report with pictures) all his/her comments on the property. Here are a few things to think about when you are inspecting a foreclosed property.

Foreclosure inspections take longer than normal resale inspections. Foreclosures are owned by a company/bank that more than likely has never seen the property so there are no disclosures to help the inspector know areas to pay special attention to or answers to questions that arise. So, it will take longer to ferret out all the concerns of the house. Be sure to allow plenty of time for this inspection.

Utilities are almost always an issue. An inspector cannot do a full inspection without all the utilities being turned on. With foreclosed properties the utilities are always turned off and will need to be turned back on so you can truly test the house.

Vacant homes may have squatters. Please be aware of this even when looking at properties before you decide which one to purchase. I have been in several homes with signs of squatters and even one with the squatter himself in the house. It is frightening and potentially dangerous so PLEASE be careful. If you find yourself in this sort of situation please call the listing agent and the police.

Make the inspector aware of any concerns you have. The more eyes the better. Inspectors are well trained but still only human. Point out any concerns you have to help make sure the inspector doesn't miss anything. Also, ask the inspector for help on how to fix the concerns you have. Many problems you encounter will be do-it-yourself easy fixes and he/she can point you in the right direction on those. Sometimes you find larger problems and then the inspector can guide you to the right professional on those issue as well.

The inspector may consider an abbreviated structural inspection. If for some reason the inspector cannot do a full inspection an abbreviated structural inspection may be a better option. This looks at the structure of the house but doesn't test utilities. There is usually a cost savings with this sort of inspection.

Make sure you are working with an experienced and certified home inspector. Many people are very handy but that doesn't make them an expert. Be sure you are working with an inspector who is a member of ASHI (American Society of Home Inspectors) or GAHI (Georgia Association of Home Inspectors).

Good Luck!

Tuesday, April 5, 2011

Topics for Home Owners, Buyers, & Sellers

Topics For Home Owners, Buyers & Sellers

Preparing your home for sale in a buyer’s market can seem daunting, but these five tips will help you get the best price in the least amount of time.

  • Organizing and cleaning is crucial when prepping a home for sale. Potential home buyers have a more positive reaction to homes that are clutter-free and give them the feeling that the home is “move-in ready.”
  • Presale home inspection can inform you of any trouble areas within your home that can stand out to potential buyers. An inspection can also help you make any repairs necessary before future open houses.
  • Determine replacement estimates before listing your home, even if you are not planning on making the replacements yourself. This information can help buyers to make informed decisions.
  • Have your warranties ready – especially for all those home appliances that will stay within the home after the sale.
  • Curb appeal is a crucial factor because it determines first impressions. A negative first impression can cloud their entire opinion about the home.

Current Interest Rates

Interest Rates

Mortgage rates jumped above 5% for the first time since April 2009 in January. While rates dipped back to just below 5%, they are expected to continue an upward trend throughout the year. As overall economic recovery remains on track, rates will likely rise to keep inflation in check. Buyers wanting to capture the savings in monthly payments that a historically low interest rate affords are expected to take advantage of excellent buying conditions.


Bartow County at 100,000 residents

Did you know that December census data has counted Bartow county as the fastest growing county in the 9th most populous state in the nation? We now have over 100,000 residents. I have linked this to the Daily Tribune article published a few days ago.

Celebrity Real Estate

If the world wasn't star struck enough with all the celeb magazines, gossip columns, etc., there is now (or maybe it has been there a while and I'm just behind) a blog for celebrity real estate. Check it out!! Zillow.com has a tab on their blog for celebrity real estate. There is a post advertising that Ozzy Osborn's malibu house can be rented for $40,000 a month. Another post telling that Dr Phil has lowered the price on his house $2.6 million. And several listings for sale sighting divorce as the reason. Which house would you like to buy?

Hot Sheet

In the world of real estate, most Realtors begin their day by pulling a hot sheet. This shows all the market activity that occurred in the last 24 hours. This helps you stay on top of the market and be able to get to find new properties for your buyers when they first hit the market.

I thought I would post a few of the new listings from today's Hot Sheet...

There are 6 new listings on the market ranging from $29,000 - $300,000. There are no pending sales or closings that have happened during this same time.

Tower Ridge Rd - 4 bedroom, 3 bath, 1 half bath for $300,000
Clearview Drive - 4 bedroom, 3 bath - $189,850
Lantern Circle - 3 bedroom, 2 bath, 1 half bath - $184,900
Hardy Rd - 3 bedroom, 2 bath - $107,000
St Elmo Circle - 5 bedroom, 2 bath, 1 half bath - $90,000
Parmenter St - 1 bedroom, 1 bath - $29,000

I you would like more information on these or any other properties on the market, please feel free to contact me!

LA