Friday, July 31, 2015
www.BuckheadAtlantaRealty.com - Are Atlanta’s Development Doldrums Over? - Daily News Article - GlobeSt.com
Are Atlanta’s Development Doldrums Over? - Daily News Article - GlobeSt.com - www.BuckheadAtlantaRealty.com likes this.
5 Reasons to Buy This Summer - www.BuckheadAtlantaRealty.com
5 Reasons to Buy This Summer
www.BuckheadAtlantaRealty.com has borrowed this from www.KeepingCurrentMatters.com
1. Prices Will Continue to Rise -
The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing market analysts. Their most recent report projects appreciation in home values over the next five years to be between 11.8% (most pessimistic) and 26.7% (most optimistic).
The bottom line in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.
2. Mortgage Rates Are Projected to Increase -
Freddie Mac's Primary Mortgage Survey shows that interest rates for a 30-year mortgage have started to inch up, most experts predict that they will begin to rise even more over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac & the National Association of Realtors are in unison projecting that rates will be up approximately three quarters of a percentage point over the next 12 months.
An increase in rates will impact YOUR monthly mortgage payment. Your housing expense will be more a year from now if a mortgage is necessary to purchase your next home.
3. Either Way You are Paying a Mortgage -
As a recent paper from the Joint Center for Housing Studies in Harvard University explains:
"Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay their own principal while households that rent pay down the principal of a landlord plus a rate of return. That's yet another reason owning often does - as Americans inuit - end up making more financial sense than renting."
4. It's Time to Move On with Your Life -
The 'cost' of a home is determined by two major components: 1. the price of the home and 2. the current mortgage rate. It appears that both are on the rise.
But, what if they weren't? Would you wait?
Look at the actual reason you are buying and decide whether it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer or you just want to have control over renovations, maybe it is time to buy.
If the right thing for you and your family is purchase a home this year, buying sooner rather than later could lead to substantial savings.
5 Reasons to Sell This Summer - www.BuckheadAtlantaRealty.com
5 Reasons to Sell This Summer
www.BuckheadAtlantaRealty.com borrowed this information from www.KeepingCurrentMatters.com
As the temperature continues to rise, buyers are coming out ready to purchase their dream home. Here are five reasons supporting that:
1. Demand Is Strong -
The latest foot traffic numbers show there are significantly more prospective purchasers currently looking at homes than last year! These buyers are ready, willing and able to purchase...ad are in the market right now. (Note: Foot traffic refers to the number of people out actually presently looking at homes.)
Take advantage of buyer activity currently on the market.
2. There is Less Competition Now -
Housing supply is still under the 6 month's supply that is needed for a normal housing market. This means, in most area, there are not enough homes for sale to satisfy the number of buyers in that market. This is good news for home prices. However, additional inventory is about to come to market.
There is pent-up desire for many homeowners to move as they were unable to sell over the last few years because of the negative equity situation. Homeowners are now seeing a return to positive equity as real estate values have increased over the last two years. Many of these homes will be coming to the market in the near future.
Also, new construction of single-family homes is again beginning to increase. A study by Harris Pol revealed that 41% of buyers would prefer to buy a new home while only 21% prefer an existing home (38% had no preference).
The choice buyers will have will continue to increase. Don't wait until all this other inventory of homes comes to market before you sell.
3. The Process Will be Quicker -
One of the biggest challenges of the housing market in recent times has been the length of time it takes from a contract to closing. Banks are requiring more and more paperwork before approving a mortgage. As the market heats up, banks will be inundated with loan inquiries causing closing timelines to lengthen. Selling now will make the process quicker & simpler.
4. There Will Never Be a Better Time to Move-Up -
If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by over 19.4% from now to 2019. If you are moving to a higher priced home, it will wind-up costing you more in raw dollars (both in down payment and mortgage payment) if you wait. You can also lock-in your 30 year housing expense with an interest rate near 4% right now. Rates are projected to increase by about three quarters of a percent over the next year.
5. It's Time to Move On with Your Life -
Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should?
Only you know the answer to the questions above. You have the power to take back control of the situation by putting your home on the market. Perhaps the time has come for you and your family to move on and start living the life you desire.
Friday, July 10, 2015
Expanded Home Rental Options - July 10 2015
A NEW EXCITING PATH TO HOME OWNERSHIP
with
EXPANDED HOME RENTAL OPTIONS
Expanded Home Rental Options
Introducing an innovative lease with the right to purchase program*
If now is not the right time to buy a home, but you would like more attractive options than what is currently availabe in the rental market, I can introduce you to program that:
1. Let;s you search for homes for sale, in great communities with quality schools.
2. Limits your financial commitment to a one-year lease.
3. Gives you the option to buy the home at any point during your residency for a total of up to five years*
Working together, we can find you the right home and put you on the path to becoming a home owner. It is for:
1. A first-time buyer who is cautious about purchasing a home now, but may want to buy in the future.
2. Someone who is in the process of relocating, but is not sure about where they want to settle down.
3. Cannot obtain a mortgage right now, but is a responsible renter with steady income.
For contact information, please visit www.BuckheadAtlantaRealty.com at Coldwell Banker Atlanta.
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