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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.

Steal a Deal!!! Foreclosures, Short Sales, Investor Specials!

 Steal a Deal!!!  Foreclosures, Short Sales, Investor Specials!
Your local Castles By Chrissy Team will be hosting a Buyer Caravan of 6-10 Hot Foreclosures in the Area!   Come see what is on the market today!   Yes, Yes, Yes - there are 1,000 of deals out there right now and we want to physically show them to you!  We have come up with a great way to do so.  The Castles By Chrissy Team will pick one area of town and caravan to the top foreclosures in the area.   The next Steal a Deal Caravan will be June 12, 2011.  You can drive with us or you are more than welcome to follow us.

Things to Avoid When Holding an Open House

This weekend was national open house weekend. I had the opportunity to see an open house go wrong in a million dollar neighborhood, so I'm going to share some pointers to help your open house go smoothly.

1. Ensure that there are no malfunctions with the home. A defective air conditioner ruins the experience for everyone including the agent. You do not want the agent to be in a bad mood!

2. Have an agent who will not push prizes, giveaways, or follow prospective buyers as they look at the house. The idea is to make everyone comfortable and the way to do that is by making all information readilly available and be available to answer questions.

3. Have drinks and/or snacks on hand, especially on a hot afternoon. At a minimum, bottles icewater and soda is a must.

Short Sale Frequently Asked Questions

Short Sale Frequently Asked Questions
 What is a Short Sale?
  • A short sale is a sale of real estate in which the sale proceeds fall short of the balance owed on the property's loan. It often occurs when a borrower cannot pay the mortgage loan on their property, but the lender decides that selling the property at a moderate loss is better than pressing the borrower. (Wikipedia)

Would I qualify for a Short Sale?

There are 2 main qualifications for a good Short Sale candidate

  • A home owner who needs to sell their home and cannot sell the home at a price to cover all liabilities on the property due to a declining market.
  • A homeowner who has come across a hardship and can no longer afford to keep the property.

 

Home Search Advice to Buyers

The biggest mistake that I have seen people make is to differ placing an offer on a home in hopes of a better deal only to revisit the property to place an offer and find it under contract. It happens quite frequently and can be avoided with the proper strategy when purchasing a home.

My advice to any home buyer is that if you find a property that you enjoy, place an offer. You always have the due diligence period to determine if the property is right for you. It could be that the home is not right for you, but in the event it is then that is an opportunity that any home buyer does not want to miss. Work with a Realtor who has great negotiation skills, but also the ability to see the larger picture and a strategy to find your perfect home.

Sellect Realty Offers Free Short Sale Consultation

Sellect Realty Offers Free Short Sale Consultation

Sellect Realty has recently started working with short sale candidates and is offering a free consultation for any homeowner who is facing a loss of equity in their home. They have connections with many lenders and financial professionals who can attempt to resolve financial issues without facing a short sale or foreclosure. In the event of a short sale, Sellect Realty has many resources to help guide individuals through the process and then provide direction in the recovery period after the sale.

You can learn more by visiting www.sellectrealty.com or calling (770) 509-6886

April is Fair Housing Month

April is Fair Housing Month

April is National Fair Housing Month and Metro Fair Housing Services, Inc. has been celebrating in a big way and the best is yet to come!  Below is a consolidated list of our Fair Housing Month activities; please give us a call at 404-765-3940 to get more information about how you can join us in celebrating Fair Housing month!

*On April 18, Metro Fair Housing partnered with Office of Intercultural Affairs at Agnes Scott College to produce a film screening and excellent panel discussion.  More information and photos from that event coming soon!

*April 21, Fair Housing Month program for Fulton County.