Category Archives: Buying a Home

Why selling your home during holidays can be a good thing

Most people think that spring is the best time to sell their home because everyone wants to buy as soon as school is out and get settled before the new year school year starts.  With COVID this year, you can throw out almost all the ‘normal’ statistics from the past.  As with this year, even though inventories were and are still low, it has been a record-breaking year for real estate.  This year has proven, there is no ‘ideal time’ to buy or sell.

Because inventory is low, it is definitely a seller’s market.  Typically, before a home is ever listed, we can put out a notice of ‘Coming Soon,’ and have multiple appointments for showings before it ever shows up on FMLS.  For one such home recently, I had 9 appointment showings prior to it being formally ‘listed’ and a cash offer.

So, what does this have to do with selling your home during the holidays?  Here are some reasons:

  • You have very motivated very serious buyers that possibly have had to rent temporarily until they could find what they wanted
  • Because inventory is low, you can usually get near or sometimes above the asking price, as many homes are receiving multiple offers now
  • Because homeowners decorate and make their home feel warm and inviting sometimes invokes the buyer’s emotions as to which home they choose.
  • And plus, it makes an Awesome gift to the family – so get them what they really want

There are many reasons some do not want to list during the holidays.  They are worried about showings and people being in and out of their homes.  Right now, it has turned into a very quick process with multiple showings as soon as it’s listed.  Most all listings right now are going very quickly.  Buyers around the holidays are very serious.  They are not just ‘window shopping.’  They are ready to pull the trigger when they find what they want.

Another reason some people sell and buy the last couple of months of the year, is due to job offers and transfers.  They can’t wait until Spring.  Most companies want their employees in place the first of January.  They figure that the extra holidays give time to pack and move.

Lots to think about with the new year fast approaching.  Housing costs will probably rise as well as the interest rates.

If you want to explore the possibilities, give me a call, and let’s talk.

Marie B Dinsmore
Certified Negotiation Expert
RE/MAX Around Atlanta
Marie@DinsmoreTeam.com
www.DinsmoreTeam.com
770-712-7789

Still Listing / Still Showing Homes / Homes Still Being Sold

These are challenging times, but, Yes, we are still listing, showing homes, and selling homes.  Granted we have had to get creative in order to do so, but that is what a good experienced real estate agent does.

Some of our clients are willing to do Facetime Virtual tours.  Others have created a virtual tour of their home that we can send to prospects.  For those clients who decide they want to visit the property and see it in person, we are taking every precaution.  We ask the property owner to open all doors as well as cabinet doors, so we don’t have to touch anything.  Or if we do, we’re using gloves.  We are sanitizing upon entry and when we leave the property.  Our buyers and seller’s safety are our primary concern at this time.

There are also other ways to receive offers for your home rather than the traditional listing.  As an iRep Real Estate Pro, I can help you receive cash offers on your home and a retail market valuation in 48 hours.  So, if you were planning to sell this spring but are apprehensive, due to our current situation, this might be an option to consider.

Contact me and we can discuss all your options.

Marie Dinsmore

The Dinsmore Team

RE/MAX Around Atlanta

www.DinsmoreTeam.com

Cell 770-712-7789/Fax 770-888-7793

Experience, Passion, and Commitment to Excellence!

Homestead Exemption

What is it?  How and when do I file? 

We have the answers for you.

If you purchased real estate property in 2019 and occupied it as your primary residence on January 1, 2020, you are potentially eligible to file for a homestead exemption. 

What is Homestead Exemption? 
Homestead exemption is a discount on your real estate property tax bill for an owner-occupied principal place of residence.

Am I Eligible? 
If the property is your principal place of residence as of January 1, 2020, and you purchased last year (or any year prior), you are likely eligible to file for a homestead exemption with your county’s tax assessor’s office.

How much will it save me?
Savings vary depending upon where the property is located, but if you are eligible, you don’t want to miss the deadline for filing!  A Savings on your tax bill is a good thing!

The deadline for filing is April 1st of this year for all counties in Georgia.

The best place to get information regarding filing instructions is from your county tax assessor’s office. If you are in a city, you may have to also file with the city (i.e. Cumming, Milton, Roswell, Alpharetta, etc).

Below are some of the websites for tax assessor’s offices for this area –

Fulton County –

Click to access 2018-Guide-To-Homestead-Exemptions.pdf

Cherokee County –

https://www.cobbtax.org/property/exemptioninformationhttps://www.cherokeega.com/tax-assessors-office/homestead-exemptions/

Forsyth County –

https://www.forsythco.com/Departments-Offices/Board-of-Assessors/Homestead-Exemption

If your tax assessor’s website is not shown in the list above, a google search for your county’s tax assessor should quickly locate the necessary information for filing directions.

Congratulations again on your purchase and please let The Dinsmore Real Estate know if you have any questions about homestead exemption filings.

 

 

Home Sales for the Past Year

Happy New Year!  It’s still January so I can still say that.

The real estate market continues to be great!

Housing Indicators are in for 2019, and it was another great year for Georgia’s housing market! With a strong economy and low mortgage rates, buyer activity has been strong. However, inventory levels are still below historical norms, and prices continue to rise.

A few quick facts are listed below – all indicators are year over year for existing single-family homes.

• Median Sales Price: 6% increase to $228,000
• Pending Sales: 6.7% increase to 145,087
• Closed Sales: 4.9% increase to 142,915
• New Listings: 6.4% increase to 201,215
• Average Sales Price: 4% increase to $272,207
• Days on Market: 5% decrease to 55 days
• Months Supply of Inventory: 10.8% decrease to 3.3 months

If you are thinking about buying or selling, now is a good time.  Mortgage rates are still low and prices will continue to go up. Give us a call, we are here to help.

Marie Dinsmore

The Dinsmore Real Estate Team

770-712-7789

The Actual Wage Needed To Rent In Forsyth County

The National Low Income Housing Coalition published its annual “Out of Reach” report, finding that rental housing needs are worsening.

There is no state in which the typical minimum-wage worker charting a 40-hour week can afford to rent a modest two-bedroom apartment. Furthermore, that same worker couldn’t afford a one-bedroom rental in 99 percent of counties in the United States. That is according to an annual report published recently by researchers at the National Low Income Housing Coalition, which looked at rental costs in counties and metro areas nationwide.

The hourly wage necessary to afford a two-bedroom rental at fair market rent is $21.27, more than the $18.42 needed to rent in the state overall and less than the national wage of $22.96 in the Forsyth County area.

There is no better time to buy a new home than now. Call Marie at the Dinsmore Team @ 770-712-7789.

Community Resources

WELCOME

2019 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