How to Choose the Right Fixer Upper And Still Profit If you’re looking to buy a fixer upper for your next home or as an investment it pays to take a few moments and really look at it with a critical eye. What may look like an easy profit may turn into a huge money pit. Here are some considerations when making your home buying decision. When buying a fixer upper, experts recommend looking for homes that need cosmetic improvements rather than structural changes or major renovations. … [Read more...]
Buying a Home Can Be SCARY…
Until you know the Facts! Check out just a few misconceptions below.... No, you don't always need 20% down! 44% put down LESS than 10! Your credit score does NOT need to be 780. AVERAGE Score was 731 (which means half is less than that!) Most loan applications ARE approved - nearly 72%! It is NOT cheaper to rent. Buying a home is 35% less expensive than renting! You also may have more equity than you think. Nearly 73% of homeowners have SIGNIFICANT equity! Ask for our help and we'll … [Read more...]
Strong Buyer Traffic!
Buyer Traffic Graph in the last quarter (to mid year 2016). Yes... Existing home sales shot up in 2003-2005. But, if we look at where they were from 1990 to 2001 and where they are now, we’re in a natural course based on population increases and people still wanting the American Dream. New existing inventory just the last twelve months has fallen off because people are starting to buy new homes rather than existing home inventory. Let’s take a look at buyer demand across the whole country … [Read more...]
Housing Affordability
Housing affordability index published by the National Association of Realtors. Yeah. It’s not as good as it had been when we had all those foreclosures and short sales out there and prices were driven down. But, today’s affordability index is still higher, and, again, the higher the better, than is had been for the twenty years prior to that. We are quickly catching up to what is considered normal. Today’s affordability index is still higher, and, again, the higher the better, than … [Read more...]
Home Median Sales Price Data
The Black graph lines is what actually happened in the years noted at the bottom of the graph. The White graph lines is what would have happened if we had normal appreciation from the year 2000 through this year (2016). Although we are growing toward the graph lines meeting, we still aren't there yet, nationwide. In Georgia we actually may be over that line. If you want to know what the graph would look like in your neighborhood or general area, all you have to do is ask and we are happy to … [Read more...]
