Category Archives: News

It’s a Sellers’ Market: Advice for Buyers and Sellers

verico_lozinski_mortgage_corp_21c47bc6_1e78_1bd7_e8ab_31049851a086Real estate season is in full-swing and the Atlanta market has proven itself to be hot for sellers once again.  However, while phrases such as “bidding war” and “multiple offers” may be welcomed by those looking to get rid of their property, similar words may incite a bit of unease in buyers looking to make a speedy purchase.

Still, while it would be easy to assume that, in this climate, sellers can easily field offers with minimal effort, it’s important to remember that both buyers and sellers need to work hard to make the most of the current market.

FOR SELLERS:

Be On Your Game.  Even in a sellers’ market, traditional real estate rules still apply.  In short, sellers must still put their best foot forward if they’d like to get the most for their home.  Houses that are shown in top condition are much more likely to sell—quickly—in a sellers’ market than those that have been haphazardly cleaned and organized.

With that being said, don’t get carried away by assuming that you can overprice your home simply because the market is currently favoring those looking to move.  At the end of the day, buyers will always flock to well-priced homes that show well.  If it’s not priced right or shows poorly, it won’t sell.

Don’t Drag Your Feet.  If you’ve been lucky enough to receive multiple offers on your property, it’s important to move forward with the most qualified buyer.  Waiting too long can cause a loss of momentum, so pay attention to the buyer who is not only working with a local agent and has their loan lined up, but the one who makes an aggressive offer and expresses serious interest in your home.

FOR BUYERS:

Strategize and Plan.  One of the most frustrating things about a sellers’ market is that, as a buyer, even if you’re serious about purchasing and have made a point to secure reputable financing, you may have trouble either finding the right home or getting your bid picked up.  Therefore, since there’s often little you can do in these types of situations, it’s important to make sure that you’ve crossed your t’s and dotted your i’s in advance.  You don’t want to suddenly find yourself in a great position to have your bid selected if you’re not prepared to move through the closing process.

Avoid Resting on Your Laurels.  Sellers’ markets are all about seeing what you want and moving on it.  Truly interested buyers won’t wait for the open house to decide whether they want to make an offer.  If a home enters the market on Monday, you need to be viewing it on Tuesday and if possible, making an offer within a few hours.  If you make the mistake of prudently waiting a week or two, you may find yourself sorely disappointed.

First Impressions Always Count.  Buyers who move quickly show sellers that they mean business.  Remember, no one wants to wait around, so make a point to make your contingencies and timeframes swift, and take as much risk as possible away from the seller.  Consider moving forward with an inspection prior to submitting your offer so that your bid won’t come with contingencies regarding inspections.

In regards to financing, it’s important to consider the state of our current economic climate.  Securing a loan takes longer than it did 10 years ago, so make sure you’re moving to acquire the necessary funds well in advance.  Plain and simple, if you need to ask the seller for an extra month in order to get your finances in order, you’ll have a difficult time competing with someone who can do it in a quarter of the time.

CONCLUSION:

In the end, regardless of the market, both buyers and sellers need to be prepared for the home sale process.  Sure, it may seem stressful; however, if you make a point to surround yourself with a knowledgeable and experienced team of real estate/lending professionals, you’ll be in a better position to get the most out of your investment.

If you’d like some advice or have a home you’d like to list or buy, please feel free to contact me.

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

The Fed Announces Imminent Interest Rate Hike: What it Means for Buyers

101711088-182695069.530x298You may have recently heard that the Federal Reserve has plans to raise interest rates; however, at this point in time, there’s no definite time frame for the shift.  The decision, which is expected to be announced later this year—experts are suggesting the possibility of mid-September—is the result of a healthier economy that no longer needs the buffer that interest rates close to zero have provided over the last 9 years.

In essence, returning rates to historically “normal” levels will not only help keep future inflation from rising too quickly, but will also ensure the vitality of the lending market.

While this type of rate increase often leads to a bit of temporary instability in the market, which can lead to negative issues such as slowed economic recovery and stagnant employee wages, it can also signal higher returns for consumers who consistently save their money.

Still, if you are someone who is looking to borrow the necessary funds for a new home, you’re bound to find yourself in a tight spot if you fail to lock in today’s low rates.  At this point in time, an average 30-year mortgage carries a 3.8% interest rate, which is down from 4.3% about a year ago, so experts suggest that if you’re thinking of buying a home, now is the time to push for loan approval.

If you’re on the hunt for a new home or are simply looking for a competent mortgage professional, I’d be happy to provide referrals and offer guidance along the way.  Please feel free to contact me at your earliest convenience.

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

Featured Neighborhood: Manor North in Alpharetta, GA

manor-north-estate-homes-cherokee-county-alpharetta-ga-561Starting in the low $500’s, Manor North is located in Northern Alpharetta and is part of the Cherokee County School System.  This gated community treats residents to an upscale country club lifestyle with a variety of luxurious, open floor plans that feature several “master on main” ranch designs.

Located within close proximity to a wide variety of parks, as well as a host of shopping and dining opportunities—to include The Collection at Forsyth and Avalon—this stunning neighborhood also features convenient access to GA-400 and the Manor Golf & Country Club.

With six floorplans to choose from—ranging from 4-5 bedrooms—the homes themselves feature elegance around every corner, with 10-foot ceilings, crown molding, and hardwood flooring, as well as granite countertops, stainless steel appliances, and a variety of unique architectural details.

 

manor-north-estate-homes-cherokee-county-alpharetta-ga-54HOUSING FEATURE HIGHLIGHTS

Open Floor Plans w/ Exceptional Natural Lighting

Wood or Iron Stair Balusters, Stained Oak Railing

Chair Rail & Wainscot in Dining Room and Foyer

Moen Oil Rubbed Bronze or Stain Nickel Lighting Fixtures

42” Direct Vent Gas Fireplace w/ Custom Mantle & Surround

Recessed Kitchen Lighting

manor-north-estate-homes-cherokee-county-alpharetta-ga-43Spacious Walk-In Closets

Double Vanities in Master Bath

 Outside Deck w/ Stairs to Concrete Patio

Professional Landscape Package w/ Zoned Irrigation

 

SCHOOLS

Free Home Elementary

Creekland Middle School

Creek View High School

King’s Ridge Christian School

manor-north-estate-homes-cherokee-county-alpharetta-ga-40St. Francis School

Chandler Academy

 

HOSPITALS

North Fulton Regional Hospital

Emory Johns Creek Hospital

Northside Hospital (Atlanta)

Northside Hospital (Forsyth)

Scottish Rite Children’s Hospital

Featured Neighborhood: Somerdale in Cumming, GA

07440453_GAMLSSet to open in the summer of 2016, this beautifully crafted community—built by Edward Andrews Homes—is located in Cumming, GA.  With easy access to Atlanta’s main corridors, including GA 400 and GA 20, residents will be treated to a host of community amenities, as well as exemplary schools, world-class hospitals, and a host of recreational activities.

In addition, located just minutes away, you’ll also find an abundance of shopping and dining options, to include The Avalon, The Collection at Forsyth, and North Georgia Premium Outlets.

Starting in the mid $380’s, residents will be pleased to find two lighted tennis courts, a pool house with lounging space around the pool deck, versatile green space for the whole family, and a large swimming pool with kid splash zone.  Inside, Somerdale homes feature open floor plans with hardwoods throughout the main level, as well as a gourmet kitchens and granite countertops, and spacious secondary bedrooms with walk-in closets.

07440453_GAMLS-9For families with children, all schools are located in Forsyth County, with the neighborhood being closest to Sawnee Elementary, Liberty Middle, and West Forsyth High School.

If you’re interested in learning more about this gorgeous, up-and-coming community, please feel free to contact me.  Current community hours are Tuesday-Saturday from 10am-6pm and Sunday-Monday from 1pm-6pm, with a model home available for touring.

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

Mortgage Rates are Rising, So It’s Time to Buy!

mortgage ratesWhile most of us are happy to see the end of the foreclosure crisis and an improved national economy, the truth of the matter is that, while buyers were able to land some amazing deals during the recession, their current situation isn’t looking as promising.  Plain and simple, in the majority of markets, the number of people searching for homes far exceeds the available inventory, which means many buyers are having a difficult time finding a home that truly meets their needs.

In the last few years, buyers were able to score big with low mortgage rates; however, the real estate industry—as well as the federal government—made no secret of the fact that rates were expected to go up in 2015.

As it stands right now, mortgages are up 30 to 40 points from last year’s low.  While the actual math behind these numbers may prove confusing, suffice it to say that a higher mortgage rate will increase your monthly payment, which may potentially limit the type of home you can purchase.  Present numbers would suggest that most buyers can expect an additional $40 on their monthly statement, which may prove to be a lot for many middle- and lower-income households.

Therefore, if your goal is to secure a suitable home at the lowest price possible, it’s worth entering the real estate market sooner rather than later since rates are expected to keep going up.  To get things moving, it’s important to utilize the services of an experienced real estate agent, as well as a reputable mortgage lender who can help you look for discounts, government programs, and other savings during the application process.

With increasing mortgage rates, you’ll need all the savings you can get, so surrounding yourself with a solid team is extremely important.

To learn more about finding your dream home before the mortgage rates get even higher, please feel free to contact me.  I’d love to offer my advice or provide you with referrals for several qualified mortgage professionals.

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