Category Archives: News

The Future: Selling Your Home Online?

the-edrms-new-computer-assisted-review-reference-model-explainedYears ago, before the dot-com era really took off, I remember laughing as companies started listing their web addresses at the end of each commercial.  I simply couldn’t believe that all of these businesses were getting online and when it came to being able to actually make purchases with the click of a button, I was amazed.

In the 15-20 years since then, we’ve watched as the world has changed into a connected web of physical storefronts and virtual corporations.  As we’ve gained the ability to be online at any time, we’ve found ourselves trying to balance the good with the bad.

In regards to the real estate industry, the internet has made it easier for consumers to not only look for homes, but to engage with agents and other professionals without leaving the house; however, a line has always been drawn between finding a home online and actually purchasing a home online.  Generally speaking, the brick and mortar business of real estate—with real estate agents at the helm—continues to be the norm.

Still, according to a recent CNBC article, the U.S. market may be primed for a new wave of online-only real estate agents who have found success in the U.K.  Companies like eMoov and HouseSimple have gained a footing through streamlined systems which allow them to charge lower fees for selling a home.

However, after speaking with the National Association of Realtors, the article’s author was told that Americans should be leery of making the transition into a purely digital real estate market, especially since purchasing a home is a lot more complex than “clicking ‘buy’ on a website, like you’d do when purchasing an airline ticket.”

They also make a point to stress the fact that while online companies may save sellers money, they are lacking in their ability to fully understand local markets and will have a hard time helping consumers navigate each step of the transaction process.

At the end of the day, the U.S. real estate industry is all about forging personal connections and providing personal attention.  Utilizing the services of an agent who not only has knowledge about the buying and selling process, but the local area is important if you’re hoping to get the best deal possible.

Yes, the internet has a unique affinity for making things simple when it comes to purchasing a product from anywhere in the world; however, how easy is it to make contact if you have an issue with that product once you’ve purchased it?  The problem with the impersonal nature of dealing with online corporations is that you’re doing business with people who have no real ties to you, your life, or your community.

The vitality of a local real estate agent is often based upon personal referrals, which means your best interests remain the primary concern.  This will not be the case with an online-only agent or company, so it’s worth questioning whether you want to place $200,000+ to someone who has no real ties to your life.

At this point in time, the U.S. market has yet to see a rise in these types of companies, but the wave is coming and homeowners need to be prepared for what types of changes they can expect to see within the industry.

If you’re looking to sell your current property or are on the hunt for something new, I would love give you the personal attention you deserve.  Please contact me for more information.

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

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

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