Tag Archives: Real Estate Market

Fees to be Aware of When Purchasing a Home

Purchasing a home is arguably one of the biggest financial decisions you will make in your lifetime. As you start your hunt, don’t forget there will be other costs associated with your purchase than the price of the home. This is valuable information, especially for first-time homebuyers. These are all good reasons to hire an experienced Real Estate Agent to help navigate you through the process, plus the fact of multiple offers and homes now selling above listing price.

Here are 5 fees to keep in mind as you begin to budget.

  1. Home inspection. This is a crucial step in the home buying process. The findings that come from the inspection can help you negotiate price and repairs. Generally, you can expect to pay between $300 to $500 depending on the home and the location.
  2. Title services. Title services encompass the transfer of the title from the seller and a thorough search of the property’s records to ensure to no one will pop up with a claim to the property. Additionally, you may need to buy title insurance which will protect the lender or your investment in the home.
  3. Appraisal fee. Before getting a loan, you will likely be required to get an appraisal of the home to determine its estimated value. This will be conducted by a third-party company and the cost can land anywhere between $300 and $1,000, depending on the size of the home.
  4. HOA fees. Many communities have a homeowners’ association that enforces monthly fees. This money is used for general maintenance and updates to areas like pools, parks, and more. Typical HOA fees are around $200 per month.
  5. Taxes. The taxes each buyer pays at the closing table differ, but it is not uncommon for it to be up to two months’ worth of county and city property taxes. Additionally, there may be taxes for the transfer of the home title.

I would be happy to talk with you as you prepare to buy or sell and devise a plan to help you transition as smoothly as possible.

Sincerely,

Marie Dinsmore

The Dinsmore Team

Experience, Passion, and Commitment to Excellence

Feeling Grateful

Despite such a challenging year of 2020, with the Pandemic, low inventory of homes, etc. we are very honored to have been among those achieving the Circle of Excellence Award from the 400 North Board of Realtors.

While it’s an honor and I’m very grateful to receive these accolades, honors, and awards, it’s not necessarily my goal that I set out to achieve each year. My goals are to give my clients the best possible service possible, whether it is to help them list, stage, and get the best price for their home or to find them their perfect new home.  My passion is helping people.  As a result, by providing this high level of service, I have many repeat clients as well as referrals of friends and family over my 19-year real estate career.  For this, I am truly grateful for their trust and confidence.

One of the other ways I service my clients is my knowledge of the market.  I ensure I am well versed in all matters of real estate.  As a realtor, we are tasked each year to accomplish so many education units.  I typically go beyond what is required.  I have been certified in negotiating, probate, distressed property, luxury home market, iRep Pro, etc.  So, please know whatever someone’s real estate needs are, I will always do my very best to deliver the ultimate service experience.

For a list of certifications and awards, please see our ‘About’ page.

In Appreciation,

Marie Dinsmore

The Dinsmore Team

Experience, Passion, and Commitment to Excellence

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

The Value of a Good Realtor

Despite COVID 19 the market is still doing well.  The best thing about the real estate market right now, are those who are buying and selling property are serious.  What is getting listed, is selling fast.

So, why do you need to enlist the help of a good realtor to sell your property and not do it yourself?

  1. Overpricing. Experience shows that when the home is overpriced it usually doesn’t sell quickly; if at all.  A good realtor can get you good comparisons on what has sold nearby and advise if you need to have your property appraised prior to listing.
  2. Selling in “As-Is Condition. In today’s competitive market, you need to take the effort to make your house sparkle like the day you bought it.  If there are reasons that you have to sell ‘As-Is,’ then a good realtor will have alternative solutions, i.e. the I-Rep program, know of investors, etc. looking for property in the area.
  3. Drive-By Appeal. First impressions decide whether the buyer even stops to come in.  Depending on your location, you may not be able to depend on drive-by traffic to even get potential buyers interested except for perhaps your immediate neighbors.  And in today’s market people want a preview of the inside, so you need great photos for a virtual tour.  Your realtor will get your property listed on all the real estate listing sites so that all serious buyers and other realtors have access to the information on your property and can schedule showings.
  4. Dark Home Syndrome. The brighter and cleaner a home is, the better it shows.   A good realtor will ensure you have plenty of notice prior to bringing potential buyers to see your property to give you sufficient time to tidy up.
  5. Overvaluing Your Home. Beware of spending too much on your property so that you overvalue its worth in the neighborhood.  Having a conversation with a good realtor can give you good sound advice on where to make improvements and what will help your home sell.  It is advisable to have that conversation as soon as you’re thinking about listing your property.
  6. Financing. Be willing to be flexible with closing costs.  This is all part of why you hire a realtor.
  7. Do It Yourself Syndrome. Unless you know the laws about Seller’s Disclosure and termite reports you could cost yourself thousands of dollars by doing it yourself.
  8. Stay Out Of The Way. If you are underfoot when showing, a buyer does not feel free to really look at your home.  Put away and lock up any valuables before showing.  Yes, you love your home and you may think you can point out all it’s best features, leave this to your realtor.  Realtors screen potential buyers before bringing them into your home so as to only bring those who are serious.
  9. Attitude. A positive attitude is best; remember your taste is not everybody else’s.  Another reason you want to leave the showing of your property to your realtor.  They can also advise you on how to best prepare your home for showing.
  10. Seller’s Remorse. Respond to offers quickly, the first might be the best offer.  Your realtor will advise you on pricing your home correctly.  In today’s market, the offers come in quickly and are on target for what the property’s value truly is.  By not responding and being able to negotiate may delay the sell and getting the best price.

Have questions?  Give us a call.  We can help you through the maze of selling or buying in today’s market.

Sincerely,

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

 

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

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