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11 Questions to Ask Before Pricing Your Home

11 Questions to Ask Before Pricing Your Home
 

 

 

 

 

 

  1. Are there improvements I can make to my home — both major and minor — that could enhance the price?

Selling Season Is NOT Over

Selling Season Is NOT Over

If you have been trying to buy or sell a home and the end of the spring-summer real estate season is stressing you out, The Castles By Chrissy Team says "relax!"

Even though real estate sales do fall off at the end of warm weather, there's still plenty of buying and selling coming this fall and winter.

Remember, sales volume is not your problem. The only house you care about is the one you're selling or hoping to buy.

Real estate isn't nearly as seasonal as it used to be. If a house is priced and marketed appropriately, no matter what time of year it is, there will be a buyer for it.

What's more, many home buyers and sellers are bucking the seasonal nature of residential real estate.

Metro Atlanta foreclosure rate 16th highest in nation

Metro Atlanta foreclosure rate 16th highest in nation

ATLANTA -- Metro Atlanta's foreclosure rate slowed by the middle of 2011, but remains among the metros with the highest rates.

Atlanta had 44,1560 foreclosure filings from January through June, down about 16 percent from the first half of 2010. This gave Atlanta the 16th highest rate of foreclosures, according to RealtyTrac, which publishes the largest list of foreclosures in the country.

The company defines a foreclosure as default notices, scheduled auctions and bank repossessions. 

Real Estate has a Long Road to Recovery

 

The next years of real estate are not going to be positive for homeowners. In fact, it’s estimated that in 2012 over 60% of all home sales will be foreclosures or short sales. This means that the banks will control the pricing of more than half the real estate market and we can expect continued declining values. This idea may not sit well with many after the mortgage meltdown and moral hazard issues we had over the past five years.

Further, we at Sellect Realty believe that it will be another five to seven years before we see home values near their previous peaks and then we expect a plateau for several years to follow before growth. Currently our market is still declining. Despite month-over-month gains we have had another drastic decline in home values over the past 12 months. According to the recent statistics released by Realtor.com the average listing price decreased by 11.42% from June 2010 to $250,933.  

Open Houses this weekend in Metro-Atlanta

Open Houses this weekend in Metro-Atlanta

It's going to be a beautiful weekend!  Be sure to get out and see some of the great homes for sale in the metro-Atlanta area.

 

Decatur

2817 Abrorcrest Drive

Decatur, Ga 30033

Sunday 2 to 4pm

** 5 bedroom/3 bath (new construction)

$289,000

www.2817ArborcrestDrive.com

 

Marietta

2905 Fallwood Drive                                                          

Monthly vs Bi-Weekly Mortgage Payments

Monthly vs Bi-Weekly Mortgage Payments

Have you ever taken a look at how much interest you are paying on your 30 year mortgage?  Well you probably should.  You pay much more interest when you first get your loan but each month it decreases by a small amount.  What can you do to change the amount of interest you pay?

I advise each and every client I have about the option of making a bi-weekly payment.  The bi-weekly payment is the equivalent to making 13 payments each year.  What difference does this make?  Well let me provide you with an example:

$200,000 loan amount 30 Year fixed mortgage at 5%

Monthly Payment Structure

  • Monthly principle and interest amount $1,073.64
  • Total interest paid:  $185,510


Bi-weekly Payment Structure

1Q2011 Stats For The Housing Industry Are Here!

1Q2011 Stats For The Housing Industry Are Here!

The Castles By Chrissy Team would like to be the first to bring you the 2011 first Quarter Statistics on our local housing industry.   I've been pouring over the 1Q2011 stats for 2 months now to try and decipher the good news from the bad news.  The story the numbers is telling is its a mixed bag out there.  We are able to break it out into specific areas (i.e. Smyrna, Vinings, Dunwoody, Sandy Springs, Buckhead, etc).  I would like to share with you data from all of metro Atlanta and then I've chosen one specific area so you can see how it compares -- the 30339 zip code - heart of Vinings.  I can do this for each area across the map so please feel free to send an email with the area(s) you would like to know about.