What's Happening in the Real Estate Market?



Welcome back to my video blog. Today I have some special guests with to tell us about what's happening in the market with interest rates, qualifying for mortgages, etc.

Interest rates started off at 3.5% at the beginning of this year. They then dipped down to 3.25%. We are ending 2013 with rates at about 4.5%. We expect rates to increase, though, in 2014. Why?

The Federal Reserve is expected to ease off its bond purchasing - also know as quantitative easing. These purchases help artificially lower interest rates so that more consumers could buy homes. As the economy continues to improve, however, the the chairman of the Federal Reserve announced the tapering off of the bond purchasing.

As rates continue to increase, the purchasing power for buyers decreases. A simple .5% increase can dramatically effect how much you qualify for in a mortgage.

Qualifying Mortgage or QM are also a new thing for 2014. Soon it may be harder for buyers to qualify for mortgages. Why is this?

There are new rules that focus on the ability to repay. One of those test will be the 3% cap. This means that the fees cannot exceed 3% of the mortgage value.

If you have any questions about what's happening in the market and what to expect from interest rates and loans, please give me a call. Thanks for watching!

Happy Holidays!



It’s hardly believable that we are at the cusp of yet another year – and it’s almost 2014! With a fantastic year behind us, we look ahead toward a great future in the coming months. I can’t tell you how much of a pleasure it has been serving our community members with the expert advice, one-on-one care and guidance with real estate endeavors in our communities.

Here’s a warm, resounding “Thank you!” to all our current and past clients. We believe you are more than just clients; you’re our friends and neighbors. We cherish that special relationship we have with each and every one of you.

Whether you have engaged in the purchase of a new home, sold a property or just needed advice and counsel on your real estate transactions – we have enjoyed being a part of the journey with you.

Once again, thank you for trusting us with one of the most important aspects of your life and we wish you a warm, wonderful holiday season – with many happy times to come in the New Year and beyond!

Appraisal Value vs. Market Value



Welcome back to my video blog. Today I wanted to talk about the difference between market value and appraisal value. Lately, we have encountered quite a few situations where we receive a market value offer on a home, then the appraisal value comes in low.

Does this mean that the seller should automatically reduce their price? Not necessarily.

Appraisers work off of past sold properties. We are in an appreciating market. When an appraiser looks at the square footage of your home, the number of bathrooms, your basement, and everything else that works to build your appraisal value, they compare it to homes that sold as much as 90 days ago. When the market appreciates rapidly, appraisals come in low.

It's important for a buyer to understand that you will need to sometimes put cash down in addition to their down payment in today's market.

If you are selling your home and you need someone to protect your equity, give me a call. Let me help you get the best price on your home.

3 Reasons to Sell During the Holidays



Welcome back! The holidays are here and that always brings the question whether now is a good time to sell or not. The answer is it is absolutely a great time to sell. 

There are actually three great reasons why you should sell during the holidays.
  1. Buyers are more serious - The buyers that are looking during the holidays are have-to-buy buyers. We find most people who are relocating for jobs look during the holidays.
  2. There’s lower inventory - Because so many people believe the misconception that now is the wrong time to sell, it means there is less competition for you and that means a higher price for you.
  3. Homes look great - Who doesn’t love holiday lights and decorations? The buyer often can become emotional when seeing homes like this.
These are three great reasons why you should list your home now. So give me a call and we can get started marketing!

Thanks for watching!

How to Sell Your Home Quickly



Hey, guys. Thanks for joining me today!

Sellers ask me all the time what they can do to get their home ready for the market. One of the first things we suggest is getting an inspection done prior to listing your home. This way you can address any repairs that may be a concern for potential buyers.

Next, we recommend a professional stager. A stager can really showcase the best features of your home and also make it more functional.

Much like making the inside of your home appealing, you need to focus on the outside. Curb appeal is one of the most important parts when selling because it is the first impression a buyer has of your home. Trim the shrubs, paint a fresh coat on the house, mow the lawn, etc.

These are just a few basic tips that can help you sell your home quickly. If you have any questions about your home specifically, give me a call! I’d love to help!

Atlanta Metro Area Market Update



Hello everyone. Welcome to my video blog. I’ve been getting a lot of questions about our market lately and wanted to answer all your questions. I will keep you updated with pertinent information about our Atlanta real estate market with biweekly videos.

We have seen some huge changes from just a year ago. Twelve months ago we were in a buyers’ market; now, we are in a deep sellers’ market.

What’s a sellers’ market? Because of a significant decrease in inventory, sellers are getting top dollar for their homes.  In fact, prices have gone up by 10-20% in the last year. That market won’t last forever, though.

That’s why it’s crucial to make your move now. With an increase in interest rates and an increase in foreclosure rates (up nearly 19 percent), home prices will come back down. So, if you want top dollar for your sale, don’t wait any longer.

Give me a call at 678.428.5841 so we can determine the value of your home and what we need to do to get it ready for the market!