Monthly Archives: April 2015

What’s the Difference Between a Buyer’s and Seller’s Market?

realtor-4As the spring real estate season starts to get underway, it appears that the market is showing favor to home sellers. However, while the terms “buyer’s market” or “seller’s market” may be something we regularly hear about, especially in regards to the state of the economy, truly understanding what each expression means is important.

Generally speaking, the above terms signify what you can expect when moving ahead with a real estate transaction.

A buyer’s market occurs when you have more supply than demand, which is what occurred after the housing bubble collapsed in 2007. When this happens, since there are more people looking to sell houses than people looking to buy them, many homeowners wind up accepting less money than their homes are worth and in some cases, may even find themselves offering incentives just to secure an interested buyer.

While this obviously presents a problem for sellers, this type of market is fantastic for buyers who—if they have the money—can find themselves in possession of a fantastic home for thousands below the asking price.

On the other hand, a seller’s market is just the opposite because it indicates that the demand is larger than the supply. In healthy economies, people have more money to spend, which means sellers may see several buyers competing for their property. When this happens, prices tend to go up since people are willing to pay more for what they want.

In this case, sellers are definitely the faction that comes out on top because they are more likely to see a great return on their home investment.

Even so, when considering the buying or selling process in your particular location, it’s important to remember that there may be fluctuation within the same state—or even the same county—which is worth thinking about if you’re considering a relocation. In other words, while your current home may be listed in a so-called “buyer’s market,” the area where you’d like to move may be considered a “seller’s market.” When this happens, you may wind up paying more money than if you were to sell your home at an advantage and buy in a location where you’d also buy at an advantage.

As with anything in life, real estate tends to have a natural ebb and flow so market’s never last forever. While experts try, it’s often difficult to predict what a market will do with 100% accuracy, so when deciding when to buy or sell, it’s worth speaking to an experienced real estate agent who can offer some insight into the local area.

At the current time, North Georgia (particularly the Cumming, Alpharetta, Roswell, Milton, and Gainesville) appears to be a seller’s market, so if you’ve been thinking about selling your home, now is the time to do it!

If you’d like more information or would like to obtain a free estimate of what your home is worth, please contact me.

Marie Dinsmore | The Dinsmore Team | www.DinsmoreTeam.com | 770-712-7789

Featured Neighborhood: Fieldstone Preserve by Lennar Homes

Magnolia-C-elevLocated in Cumming, just minutes from GA 400 and GA 20, Fieldstone Preserve is positioned within a scenic wooded setting that is perfect for families who desire a fun-filled lifestyle.  With expansive homes starting in the low $400s, this upscale community offers both resort-style amenities—to include a clubhouse and fitness center, as well as five swimming pools, 12 tennis courts, a beach volleyball court, basketball court, walking trails, and a private lake—as well as gracious executive homes ranging from 2,886 to 4,353 square feet.

Built by Lennar, one of the nation’s largest homebuilders, this beautiful community boasts homes that are bedecked with classic exterior features such as traditional brick and three-car garages, as well as poured, reinforced concrete foundations, rear patios or decks, and professionally landscaped yards.

Inside, all homes come standard with crown molding, gourmet kitchens with stainless steel appliances and granite countertops, recessed lighting, spacious walk-in closets, and energy efficient construction.  In addition, buyers will be pleased to discover elegant two-story foyers, hardwood flooring, brushed nickel fixtures, and cultured marble vanities in all full secondary baths.

For families with school-aged children, Fieldstone Preserve is located within Forsyth County, which features some of the best schools in Georgia.  The closest schools include the award-winning West Forsyth High School, as well as Vickery Middle School, and Kelly Mill Elementary.

While perfect for buyers looking to live away from the bustle of Atlanta and everyday life, Fieldstone Preserve is still conveniently located within a few miles of a host of restaurants, shops, and recreational activities, to include The Collection at Forsyth, Northpoint Mall, Vickery Village, and gorgeous Lake Sydney Lanier.

If you’d like to know more or are interested in scheduling a viewing, please do not hesitate to contact me.  I’d love to show you the neighborhood and hopefully help you discover the home of your dreams!

Marie Dinsmore | The Dinsmore Team | www.DinsmoreTeam.com | 770-712-7789

What Exactly Do Real Estate Agents Do?

bigstock_Female_Real_Estate_Agent_Handi_6207483“You hire them to help you sell or buy a home, right?”

While defining the role of a real estate agent may seem somewhat cut and dry, the truth of the matter is that many people lack a true understanding of what agents actually do during the buying or selling process.

In short, yes, a real estate agent is someone who helps you either sell or purchase a property (which may or may not include an actual structure).  However, their actual job involves everything from property valuation and the use of successful marketing techniques to negotiation and home organization.

With this, a truly great agent is someone who not only knows the immediate area, but who keeps up with local and regional market activity, as well as industry news.  In addition, they continually research active, pending, and sold listings in an effort to understand pricing trends so that their clients are better equipped to remain competitive within the market.

Furthermore, while it’s one thing to simply list a home and hope it sells, successful agents are able to assist with everything from staging advice to making recommendations for professional cleaners, painters, and contractors.  Generally speaking, most house hunters are looking for certain things when they tour available properties, so real estate agents come armed with an understanding of buyer behavior and the types of home attributes that will garner positive attention.

Therefore, even if you’re not looking to buy or sell at the current moment, real estate agents are a fantastic resource when looking to understand current housing trends, what your home is worth, or what you can do to prepare for the market.

With that being said, if you have questions, don’t be afraid to make contact with an agent who can share a bit of their knowledge with you.  Yes, they assist with the buying or selling process, but more than anything, real estate agents comprise a wide network of individuals who have an abundance of professional connections to assist you with anything you may need.

To learn more about what an agent can do for you, please contact me.  I’d love to help you along the way.

Marie Dinsmore | The Dinsmore Team | www.DinsmoreTeam.com | 770-712-7789

Community Resources

WELCOME

2017 Welcome Services

The Dinsmore Team has created this handy guide for both Buyers and Sellers. The guide lists trusted service providers that we use personally and professionally. The providers listed service the Forsyth and North Fulton County areas.

2014 Complete Guide to Moving

This 20-Page Guide will be your comprehensive source for selling your home and planning your move. It includes tips for getting ready to sell, planning your move, packing and transitioning into your new home.

2014 Home Owners Tip Guide

This 20-Page Guide will help you develop an annual maintenance schedule for your home's systems and appliances to help you avoid bigger problems by taking care of them while they are small. It's also a great resource for trouble shooting malfunctions on your own, saving you time and money.


utilities

Looking for a fast way to connect all of your utility services online? Try Connect Utilities.

Please let us know if there are other resources you'd like to see.

Marie@DinsmoreTeam.com

770-712-7789