This Home For Sale on Lake Nottely is a very unique property. As you can see from the video, it has Lake Nottely frontage on 2 sides, and one side is surrounded by approximately 17 acres of USFS land.  It is located within Eagle Bend subdivision in Blairsville Georgia , an upscale Lake Nottely Community.

Please Contact Me at 706-994-8686 for more details on this Lake Nottely Home For Sale.

Sales of existing homes rose in April, buoyed by an expiring home buyer tax credit and exceptionally low mortgage rates.

As compared to March, April’s Existing Home Sales rose by 410,000 units nationwide — the second straight month of large gains. An “existing home” is a home resold by a prior owner (i.e. not new construction).

It’s a solid report for housing overall, with rising sales suggesting that the real estate market’s recovery is ongoing. However, the data presented a mixed message.

According to the National Association of Realtors®, although the number of homes sold ticked higher in April,  so did the supply of existing homes for sale, too.

Sellers are now listing homes faster than buyers can buy them.

After adding another 0.3 months of supply in April, resale home supply is nearly two full months larger than at November 2009′s low-point. This put downward pressure on home prices.

Furthermore, because 49% of April’s buyers were first-time buyers and the tax credit has since ended, we can expect that sellers will continue to outweigh buyers in the months ahead.

It presents an interesting opportunity for June’s home buyers. Mortgage rates are still at their lowest levels of the year — despite expert predictions to the contrary — and homes remain affordable. Plus, in a lot of markets, home values have started to creep higher.

There’s good values and good rates but neither should last long. For the next few weeks, real estate may be in its 2010 sweet spot.

If you were thinking of moving in September of this year or later, consider moving up your time frame.

A short sale can be an excellent solution for homeowners who must sell and owe more on their homes than they are worth. Unfortunately, a number of myths about short sales have developed, and it is important to understand the reality of this process should you find it meets your current needs.

Myth #7 – Buyers are Not Interested in Short Sale Properties

This is a myth that potential sellers hear all the time. Thankfully, this is just not true. In fact, many agents are getting calls from buyers who say they only want to look at foreclosure and short sales.

For buyers, short sales and foreclosures have become synonymous with “good deals.” More specifically, international buyers are targeting these properties. Listing with an experienced agent who is educated in the short sale process will provide you with a great chance of quickly seeing a contract on your property.

Please Contact Me, or call me NOW  at 706.994.8686 if you, or someone you know is struggling with their mortgage. I will be more than happy to offer any assistance that I can.

Just in case you missed Short Sale Myths 1 through 6 they are provided below.

Myth #1 – The 7 Most Dangerous Short Sale Myths

Myth #2 – The 7 Most Dangerous Short Sale Myths

Myth #3 – The 7 Most Dangerous Short Sale Myths

Myth #4 – The 7 Most Dangerous Short Sale Myths

Myth #5 – The 7 Most Dangerous Short Sale Myths

Myth #6 – The 7 Most Dangerous Short Sale Myths

There is nothing like feeling you are out in the “Boonies,” but you can walk to “Civilization!” You can get the Full Experience of Mountain Living just  a few short blocks away from Downtown Blue Ridge Georgia in the Mineral Springs Ridge Community.

Mineral Springs Ridge is located near Great Food, Shopping, City Parks and even one of 4  Drive-In Theaters still operating in Georgia. Enjoy Long Range Mountain Views across Country and Town. There are many Great Outdoor Adventures here in the North Georgia Mountains, and the Aska Adventure Area in just down the road from Mineral Springs Ridge. From there you can do any number of activities, such as Biking, Mountain Biking, Hiking, Fishing, Hunting, Kayaking, and so much more! You can also Catch A Show or Hop On The Train, and take a ride along the Toccoa River and view the Indian Fish Traps along the way. There is always something going on in Blue Ridge, GA.

Mineral Springs Ridge is currently offering some really Good Deals! For a limited time, ALL Remaining Lots For Sale in Mineral Springs Ridge are priced at ONLY $25,000. That is right, Fantastic Mountain View Lots For Sale for ONLY $25,000. There is currently One Home For Sale in Mineral Springs Ridge. There are 2 New Homes that have recently began construction, and should be completed by the end of Summer 2010. There were also 2 Homes that SOLD in the community last year.

The Community is protected by Covenants and Restrictions, and there is a Home Owner’s Association. The property is served by Blue Ridge City Water, Sewer is provided by Private  Septic Systems on each individual lot that the new owner(s) will be responsible for, and all Utilities are underground.

If you are looking for a place “Close To Town,” look no further than Mineral Springs Ridge. I can get you in touch with a Reputable Local Builder that will help you build the Home of Your Dreams. If you have any further questions or concerns, I would be grateful for the opportunity to answer those for you. If you would like any additional information, you can Contact Me, or simply pick up the phone and give me a call at 706.994.8686. I look forward to hearing from you soon.

Median Sales Prices for Homes Sold in Blairsville was down 23% from April 2009, and it was also down 9% from March of this year. The Median Price of Homes For Sale in Blairsville, GA. is also down 5% , from $209,000 to $199,000.

Sales were down in April from 31 in March, to only 18 in April. That is a change of 42%. Of those 18 Homes Sold in Blairsville, 39% of them were Foreclosures.  There were 21 Homes Sold in Union County in April 2009. Our Northeast Georgia MLS system is not set-up to accurately report the number of Short Sales that occurred within those sales.

There is Good News for May however. The number of Pending Sales in Union County was up 45% in April. These are properties that are currently under contract but have not closed. Typically, these properties close between 30 – 45 days. Looking back on Pending Sales in March, there were also 32 Homes Under Contract in Blairsville as in April. That means that either half of those deals fell through, or it is indeed taking a little longer with the New Changes to the Real Estate Settlement Procedures Act (RESPA) to close the transaction.

The number of New Properties For Sale in Blairsville climbed a little in March, but fell again in April. Overall, our inventory is slowly coming down bringing back into align the law of economics…Supply and Demand. We have gone from 860 Homes for Sale in Blairsville in April of 2009, to 711 available on the market in April of 2010. That is a change of 17% year over year.

The Average Days on Market (DOM) spiked 51% in the month of April to 170 days, up from 112. However with inventory coming down, and sales holding somewhat with a very slow and steady climb, our Absorption Rate is coming down. Our Month Supply of Inventory (MSI) is down 44%.

Should you have any questions or concerns with anything that you see in this report, please Contact Me. You may also call me at 706.994.8686, I will be more than happy to answer any question or concern that you may have. If I can assist you or anyone you may know that is looking to purchase a Home For Sale in Blairsville, GA., or anywhere here in the North Georgia Mountains, I would be grateful for the opportunity.

On the first Friday of every month, the U.S. government releases its Non-Farm Payrolls report.

More commonly called “the jobs report”, Non-Farm Payrolls is a major market mover. The number of working Americans is directly tied to the health of the economy which, in turn, drives the stock and bond markets.

In general, when jobs numbers improve, it’s good for stocks and bad for mortgage bonds. It follows, therefore, that conforming mortgage rates in Georgia rise because rates always move opposite of mortgage bond prices.

Conversely, when jobs numbers worsen, it tends to be bad for stocks and good for mortgage bonds.  Mortgage rates fall.

Today, markets are behaving a bit differently.

Despite 290,000 jobs created in April 2010 — nearly twice the expected amount — and a 40 percent upward revision of March’s numbers, mortgage rates are essentially unchanged.

In a normal environment, rates would be higher.  Today is not normal.

Today is a departure because, for all of the jobs report’s import to Wall Street, it’s less important to markets than what’s happening in Greece right now.

Greece is struggling to meet its debt obligations and its citizens are rioting.

Until a debt solution for Greece is made that sticks, unrest in the region will drive safe haven buying both domestically and abroad. U.S. mortgage bonds will gain on that movement because mortgage bonds are “safe”, and mortgage rates will fall.

Indeed, this is exactly what’s been happening since the start of April. Mortgage markets have been rallying for 5 weeks.

So, today’s jobs news is terrific for the economy and mortgage rates should be rising because of it.  But, they’re not. Consider taking advantage — lock in a rate.

Now is a GREAT time to Buy a Cabin For Sale in Blue Ridge, or a Home For Sale in Blairsville. Rates are low, and unfortunately for the Seller’s out there, so are prices.  Please Contact Me today, or you can call me now at 706.994.8686. I look forward to hearing from you soon.

Make it an AWESOME day!

A Short Sale can be an excellent solution for homeowners who must sell and owe more on their homes than they are worth. Unfortunately, a number of myths about short sales have developed, and it is important to understand the reality of this process should you find it meets your current needs.

Myth #5 – Short Sales Are Impossible And Never Get Approved

This is a complete falsehood. Are short sales more difficult to execute? Yes. Do you, as a homeowner, need to learn about a new process? Yes. Are they impossible? Absolutely not.

For example, agents with the Certified Distressed Property Expert® (CDPE) Designation receive thousands of short sale approvals on a monthly basis. These professionals have undergone extensive training in methods to help homeowners in distress and process short sales. While there are no guarantees in any transaction, more and more short sales are being approved regularly. This is far from an impossible process.

Please Come Back To “The Porch” Soon For Myth #6

Please Contact Me, or call me NOW  at 706.994.8686 if you, or someone you know is struggling with their mortgage. I will be more than happy to offer any assistance that I can.

Related Articles that you may be interested in reading:

Myth #1 – The 7 Most Dangerous Short Sale Myths

Myth #2 – The 7 Most Dangerous Short Sale Myths

Myth #3 – The 7 Most Dangerous Short Sale Myths

Myth #4 – The 7 Most Dangerous Short Sale Myths

Fox Lake is an absolute Beautiful North Georgia Mountain Community with incredible mountain vistas, rolling hills and pastures, gentle wooded terrains, and it’s very own private lake…Fox Lake.

Fox Lake is located just north of Blairsville in the North Georgia Mountains. Blairsville is the county seat of  Union County. Enjoy a lifestyle unique to the Mountains where everyone knows you by name!  Mountain Festivals and  Community Events will keep you on your toes throughout the year. Play Golf at Old Union just across the street, or take a very short drive to Butternut Creek in downtown Blairsville. Do you like to Fish? Lake Nottely is only minutes away and is known for great Fishing and all sorts of Boating Recreation.

Fox Lake is an upscale Mountain Home Community with Protective Covenants and Restrictions. An Architectural Review Committee will approve any plans before construction can begin to uphold the integrity of the development. All utilities are underground, and there is paved access throughout the community. Enjoy a Pavilion and Clubhouse on the common grounds alongside beautiful Fox Lake.

Currently there are 2 Homes For Sale and approximately 37 Vacant Lots For Sale within Fox Lake. Should you have any questions or if you would like any additional information that I have not provided here, please Contact Me, or give me a call at 706.994.8686. I would appreciate the opportunity to earn your business and assist you with all of your North Georgia Mountain Real Estate needs.

A Short Sale can be an excellent solution for homeowners who must sell and owe more on their homes than they are worth. Unfortunately, a number of myths about short sales have developed, and it is important to understand the reality of this process should you find it meets your current needs.

Myth #1 – The Bank Would Rather Foreclose Than Bother With A Short Sale

This is one of the most common misconceptions. The reality is that banks do not want to foreclose on your property because the Foreclosure process is incredibly costly. Banks, investors, and even the federal government have all publicly stated that if a person is qualified for a Short Sale, the deal needs to be considered. Overwhelmingly, banks receive more on their investment through a short sale than a Foreclosure.

The qualifications for a Short Sale include:

1. Financial Hardship – There is a situation causing you to have trouble affording your mortgage.

2. Monthly Income Shortfall - “You have more month than money.” A lender will want to see that you cannot afford, or soon will not be able to afford your mortgage.

3. Insolvency -  The lender will want to see that you do not have significant liquid assets that would allow you to pay down your mortgage.

If you or someone you may know is struggling with their mortgage in the North Georgia Mountains, please  Contact Me or forward this article to them. I am a Certified Distressed Property Expert in Blairsville, Blue Ridge, Ellijay and Hiawassee Georgia. I specialize in Short Sales and I really do want to help people in these situations during these difficult times.

Check Back Soon For Myth # 2

Related Articles:

7 Legal Pit Falls Of A Short Sale

Simple Real Estate Definitions: Short Sale