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Archive for the 'Georgia Mountain Home Seller's reVIEWS' Category
This is a “BIG DEAL!” Most Buyer’s and Seller’s are absolutely scared to death right now of a Short Sale agreement. Rightfully so in my opinion. These Banks and Servicing Institutions have got to get it together. I have been fortunate enough to have been apart of many Short Sale transactions that were closed in a relatively acceptable amount of time. However on the other hand, I have had the misfortune of being party to several that have not only been an embarrassment to all parties involved, but nothing more than total aggravation and frustration. Let me give you just one example and you decide for yourself.
I currently have a Short Sale contract where I am representing the Buyer for a Cabin for Sale in Blue Ridge, GA. The contract was entered into on July 24, 2009. The list price of the Cabin For Sale was $340,000. An agreement was reached by both parties of $300,000. After many months of sitting and waiting to hear something, anything from the Bank, we finally received a notice that they would not accept the Short Sale on the contracted price, but counter offered to use in the amount of $350,000. They highly encouraged a counter offer, of any kind from my client. So, after speaking with my client, we decided that we would counter offer $305,000 to show the Bank our good faith in the transaction. Another couple of months passed and we again finally received word from the Bank that they had yet another counter offer at a price of $389,000. I was in disbelief. Not only was this last counter offer higher than their first counter, but it was more than what was owed on the home to begin with. As a result of the ridiculous manner in which this Bank had handled this transaction, the Seller to my understanding is now filing for Bankruptcy, and will eventually lose the home through Foreclosure. I am currently searching for another property for my client.
Am I to feel sorry for these Banks? Do you?
Not sure what a Short Sale is? Click Here for a simple explanation.
I certainly hope that I haven’t ruined your day…..go out and Make it an AWESOME day!
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Well-made beds aren’t just for comfort — they’re for presentation, too. Especially when you’re selling your home. A pristine bed conveys an image of cleanliness and order to potential home buyers and that can help you get more of your asking price at the point of negotiation.
When homeowners don’t take the time to make a bed, buyers wonder what else around the home is getting neglected.
And there’s a proper way to make a bed, too.
In this 15-step video from Howcast, you’ll learn how to start with a stripped down mattress, add bedding, pillows and a blanket, and end with the hotel-quality look that today’s home buyers expect. The alternative is to leave a bed sloppy, reducing your home’s overall appeal.
To make a bed the right way takes less than 2 minutes. When your home is listed for sale, make making the bed a part of your daily routine.
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It’s a sensational headline — “The Sellers’ Deadly Sins” — but the message is clear. Home sellers make mistakes that not only cost themselves thousands, but sometimes cost the sale, too.
NBC’s The Today Show lays it out cleanly in this 5-minute video:
1. How to respond to an “insulting offer”
2. How to handle the first purchase offer you receive
3. What do when you can’t leave your home for its Open House
4. What room in the home should be kept the neatest
But, be aware. At the video’s end, there’s a piece of advice that may sound extremely self-serving coming from a real estate professional. Don’t let it turn you off. The video’s overall message is spot-on and the advice is real-world tested.
I have to say that there is some really good advice within this video. The funny thing is this is the advice that is usually the hardest to offer to a client as a Realtor. However as a Seller, this is invaluable information to remember.
If you or someone you know is looking to sell your North Georgia Mountain Home or Cabin, please give me a call at 706-994-8686, or you can Contact Me through this website.
Selling a home is a process. Make sure to do it properly.
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In dealing with a recent transaction, I have become very aware of the dangers involved with Radon Gases in North Georgia. Radon causes Lung Cancer and kills thousands of Americans every year, in Non-Smokers and Smokers alike. As a matter of fact, Radon is the number 1 cause of lung cancer among non-smokers, according to EPA estimates. Overall, Radon is the second leading cause of lung cancer. Unfortunately I know this to be true, I lost my Mother-In-Law to lung cancer very sudden in the Spring of 2007. She never smoked a day in her life.
What Is Radon Gas And Where Does It Come From?
You can’t see Radon, nor can you smell or taste it. Radon is a radioactive gas. It comes from the natural decay of uranium that is found in nearly all soils. It typically moves up from the ground to the 
air above and into your home through cracks and other holes in the foundation. Your home traps radon inside, where it can then build up. Any home may have a problem with Radon. This means new homes as well as older homes, well sealed and drafty homes, and homes with or without basements. To the right is an illustration showing the State of Georgia and the levels of Radon that have been detected through tests results taken by the EPA. Red indicates Higher potential results of indoor Radon screening. Orange, which the North Georgia Mountain Region falls under, indicates a Moderate potential screening level of 2 and 4 pCi/L. The test results of the recent transaction taking by Ron Gill with Pillar To Post home Inspections that I mentioned earlier, was higher than 6 pCi/L. Anything over a 4 pCi/L is an unacceptable level. Yellow indicates the Lowest potential indoor Radon screening.
If you would like to have your home tested for Radon, here is my recommendation. Ron Gill with Pillar To Post Home Inspections can conduct a Test for you using the lastest technology. The Radon Test will cost $200 without a Home Inspection, and $175 while performing a Home Inpection.
A must read is the The United States Environmental Protection Agency “Home Buyer’s and Sellers Guide to Radon.” This guide gives great tips on Why you should test, How to test, and What To Do if you get higher than average results of Radon Gas in your home. Read the rest of this entry »
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It’s no surprise to anyone that we are in a Buyer’s Market. I have been really concerned with the lack of showings that my client’s properties have been receiving, there is no doubt. But what about those that are being shown occasionally? How can I help my client’s just get an offer?
1. Price It Right!
In this market you have to be priced at the lower end of your realistic price range. In addition to be one of the lowest price homes in your immediate market, you must offer more than the competition for less. You may ask, “what do you mean more for less?” Maybe you leave the refrigerator instead of taking it, or better yet, in new construction you buy one! Basically you want to be able to have the best home on the market in your price range.
2. Prepare For Showings
Begin preparing for client showings a minimum of 2 weeks before you list the property. Having your North Georgia Mountain Cabin ready for a viewing is crucial for an offer to come in. In a market where less than 10% of the homes are even receiving an offer, you do not want to give them any reason not to want to do so. Read the rest of this entry »
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It’s important to understand what legal responsibilities your real estate salesperson has to you and to other parties in the transaction. It is equally as important for you to know what agency relationship it is that you have with your salesperson or agent. If it has not been explained to you in a way that you fully understand, or you just simply do not know what type of agency relationship it is that you have, or if any, then you need to stop and ask before moving forward with your agent.
I suppose that every agent has their own way of working with customers.
I myself like to build a good rapport with my customers, and build a relationship in which I have instilled enough trust in both my knowledge and my abilities to perform the fiduciary duties that are expected of me.
Once I have built that relationship, I then explain the types of agency relationships and make sure that they fully understand all of them. At this point, I am comfortable enough to ask for the customer to now become my client. Once a customer agrees to become a client, the proper paper work is filled and signed, and an agency is then created between the principal (client) and the brokerage. Below are great explanations of the types of relationships you can expect to exist in a real estate transaction and the expectations of those agency relationships.
Seller’s Representative (Seller’s Agent)
A seller’s agent is hired by and represents the seller. All fiduciary duties are owed to the seller. The agency relationship usually is created by a listing contract. In the state of Georgia, ALL agents represent the Seller as either the Agent or Sub-Agent unless they have a Buyer’s Agency with a client.
We as Agents are still obligated to be Honest and Truthful to all parties involved in a transaction.
Agents do however act faithfully and efficiently to their clients. Agents must put the principals best interests above all others including the agent’s own; and agents must NOT reveal confidential information to anyone. Confidential information could be a divorce situation, financial constraints, and other information that is confidential to the client and would NOT be to be disclosed. We do however have a duty to disclose to the principal (client) ALL relevant and material information, Read the rest of this entry »
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I will never forget that one beautiful summer like Thanksgiving day at Maw’s house. We had just sat down for the feast, and then there was a knock at the door. We weren’t too sure who it was, and after a few seconds passes by, my mom asks me to go see who it is. Well, we had forgotten all about the sign in the front of the house that read…For Sale By Owner. Can you believe that my Grandmother’s house was once a FSBO? Anyway, I remember the conversation between Maw and the potential home buyer going something like this…
Buyer: Hello mam, sorry to bother you on Thanksgiving day.
Maw: Oh, that’s okay.
Buyer: Can I ask you a few questions, I wouldn’t want to just barge in on you, it being Thanksgiving and all.
Maw: Sure…..that’ll be fine.
Buyer: How many bedrooms does your home have?
Maw: It’s got 4….yeah, it has 4 bedrooms….3 upstairs and 1 downstairs.
Buyer: How many bathrooms?
Maw: It’s got 2…..yeah there are 2 bathrooms in my home.
Buyer: Well….can you tell me how many square feet your home has?
Maw: Uhhhh……mmmmm…..sir….it doesn’t have any square feet!
I thought I was going to die laughing along with the potential buyer, Maw just because we were, and everyone else that was there on such a memorable Thanksgiving Day. Read the rest of this entry »
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With foreclosures on the rise and tougher lending practices, inventory is also on the rise! If listings are getting harder to sell, why take any more? How about leverage…how about marketing opportunities… and how about networking opportunities?
So how do you get them sold? I believe if you price them right, you can get them sold. I don’t mean eventually getting to the price, you got to price them right the moment they hit the market. Statistics show that by the third week you should have reached peak interest in the listing. Knowing that, it is key to price the listing right from the start. Below you will find some recent strategies that I am using in the North Georgia Mountain real estate market to assist me in pricing my listings to sell.
1. Know the Market: Price Accordingly.
After you do your research and you know the prices of the homes that have sold in the area, price at or below those prices. Also keep in mind that as Buyer’s are looking for property, they are going to buy the best house for the money. Knowing this, use Hard Price Points when deciding the final number to use. Please keep in mind that these price points could change depending on your market.
The idea of using Hard Price Points is simply to take advantage of two different pricing markets. Read the rest of this entry »
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Have you ever had a client ask you this question…What ever happened to a good ol’ fashioned handshake?
Believe it or not, it wasn’t too awful long ago that was the case here in the North Georgia Mountains, folks really did business on a handshake. However in today’s world of high tech gone wild, I believe we are forgetting about the simple things that mean so much to our customers and clients! Things like dropping by on Saturday morning for a cup of coffee, or an afternoon visit to help out with the yard! I know this may seem a little ridiculous, but doesn’t it mean so much to them? We need to be bending over backwards to take care of our clients in more ways than just on the business side of life.
It’s all about being Good People!
I recently had the opportunity to help a client with a small problem on a piece of property we had just gone to contract on. He had mentioned that someone had come by the property and dropped a load of garbage off down the bank. Not looking for praise, but I showed up to help out with the clean up and the appreciation that was shown was unbelievable. Now I am not the brightest light bulb in the pack, but who do you think might be the first person he calls when he gets ready to buy or sell another piece of property, or better yet who might he tell in line at the grocery store or in the parking lot at church to call when they need the same? Read the rest of this entry »
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