I would definitely go with a local realtor who you are comfortable with and who is going to give your home good exposure in the local MLS where your home is located. If you are looking for a home in Ellijay, you wouldn't contact and agent in Atlanta or Clayton.
If I can be of assistance to you, please let me know. I have nearly 30 years of experience selling homes and land here & as you can see from my recommendations, I do my best to see that my Sellers & Buyers walk away from the closing table with a great opinion of me & my service.
I'm not a realtor, I'm a cabin rental manager in Ellijay. First don't even think that a 900 SF on the Cartecay won't get any attention. It will. Sure those mega-cabins are impressive but you will have more people looking for your type property than the bigger cabins. Structures can be changed-land can't. You've got a real winner as a waterfront cabin only 25 feet from the river. As you know, they can't do that any more. Also you have privacy. There are a lot of people looking in this area for cabins that they can purchase for themselves and put on a rental program to offset the costs.
I personally would not get an appraisal. The fine realtors in this community know better than anyone what will sell, what will not, how fast and for what amount. I would suggest you take the time to have the property "staged" to sell. I think you will get higher offers that way.
Sliding Rock Cabins
I've read the replies to your original question and feel like you've been given great advice from all of the responders. My reply is to your last question regarding the selection of an agent.
I actually work in the Ellijay market and will gladly provide you with a CMA and recommend a listing price for your cabin. I know you're afraid that your home will be compared to the newer cabins, but that's not always the case. Some of the older homes were built on property that just isn't available anymore and it sounds like that is the case with your 5 acres right on the river! I can assure you a lot of weight is given to the older (even smaller) cabins with great locations. Buyers who are looking for a second home/cabin up here, are usually interested in either a mountain view or a river/creek. The river/creek homes are even more appealing to "flatlanders" that don't really like driving up a mountain to their home. I speak for myself, as I came from FL three years ago, and personally prefer the creek front home setting.
I am a member of all three MLS services in this area: CTI, FMLS and GAMLS. This provides maximum exposure for your home in addition to enabling me to put both the NE GA lockbox and the FMLS lockbox on the door. Dave was correct in his "caution" to use someone who will lockbox with both systems. It DOES help when Atlanta agents come up to this area and are able to access the home with their own lockbox key, without having to schedule a specific appointment.
I also think it's important to find and agent who believes in the value of your property (as you do) as opposed to someone who just wants to list it for you. So, from a local agent, who totally understands the joy of living on the water... I offer my services to you if you'd like them. As you can see, I'm a big believer of internet marketing and expose all of my listings to as many venues as possible... like trulia!
Realtor, Metro Brokers GMAC
I have read all ten responses to your real estate questions, and while some provide sound advice, most sound like a solicitation for the listing. I work on the Lake Sinclair/Lake Oconee area and deal with second home and vacation property regularly. While our market has been slower than the last 3-4 years, correctly priced homes sell every day. Interview a few agents in the area to see who you feel comfortable with, research a listing price, and go from there. With no mortgage to worry about, I would test the market to get my best price. There is more inventory on the market than ever, but there are also a lot of buyers looking. Don't let the negative media dictate your decisions.
Hope you are doing well. I am not sure if any of these great agents that have answered your question have already listed your property, but I am going to give my two cents as well.
I do not think that you need to get an appraisal. While Real Estate Agents are not appraisers, we do know the market and unfortunately more times than not, the market dictates the price. Those agents that are studying and learning the market each week, everyday in fact are the ones that you need to be seeking to help you. It is crucial for an agent to know the market right now. Pricing is 80% of the marketing with the market conditions the way they are right now.
Now is not the best time to sell. However, the capital that you may loose in this home, can more times than not be gained in the next home you purchase because he is wearing the same shoe. So, in some cases it might be a gain, in others it might just be a wash.
I would start by hiring a professional Realtor, one that is in the game full time with all four wheels on the ground running! If you would like to see some current market statistics, please be sure to visit my website. Thanks so much for allowing me to answer your question.
Hope this helped. Make it a GREAT day!
If you have already contacted an agent to assist you, good luck to you. I will be watching new listings for your appealing river cabin and try to help find a buyer for you also. If you have not yet decided on an agent, I, too, would be happy to talk with you about listing. I own land off Hwy 52E and am often in that area and would be happy to preview your property with you and offer you some free pointers on getting a property ready to put on the market. Just like HGTV-the realtor comes in before the "designed to sell" team to give that seller some practical observations!
Judy Aselton, Realtor, Appraiser, ePRO
Century 21 Professional Realty Group-In The Mountains
Blue Ridge, Ga.
firstname.lastname@example.org (visit my website http://www.judyaselton.com)
Cell: 678-463-1129 Office: 706-632-2041
I am a full time realtor in Eliijay and I would love to have the opportunity to assist you in selling your home. I have had a lot of experience with selling second homes that were no longer being used.
I don't think that there is a right or wrong answer in regards to getting an appraisal versus a Comparitive Market Analysis though the latter is free. Sometimes if can be beneficial to state to a potential homebuyer that your home is "below appraisal", but if you aren't planning on pricing it lower than I don't see the advantage.
If you want a no pressure consultation that we can do over the phone, please contact me at 706-669-9347 so that I can go into depth further on the ways I would market your home.
I look forward to hearing from you.
The Real Estate Connection
My experience with property in North Georgia has not been the best. I reccomend that you contact a local agent in Ellijay. The North Georgia Board of Realtors seem to dislike agents from Atlanta and operate with different lockboxes to make it difficult for FMLS/GAMLS agents to show property in N. Georgia.
To ensure easy access for showings etc. I think it would be in your best intrest to stick with agents in that area. I've worked with a few in North Georgia that were very nice and easy to deal with compared to others. If you would like some reccomendations for some of these agents I would be happy to share them with you.
Feel free to e-mail me through my Trulia profile.
GAMLS and FMLS are the two major listing services in the Atlanta and surrounding areas that most realtors use. I would interview several realtors and you don't need to worry about making anyone mad. This is a major transaction and you need to be comfortable with who you choose. in my opinion, the most important thing to look for in an agent today is how much exposure your property will get on the internet. 80% of people begin their search there and you want your listing to be seen and to be seen before others. If you would like more information, please contact me. I would be glad to help you out. There is a great video on my website home page regarding the best way to market your home in today's market.
Not sure what the GMLS or FML is, assume it has something to do with listings? Do I just ask a realtor? Is it proper to "interveiw" a realtor? I don't want to make anyone mad.
A few pro's and cons here.
cabin sits only 25' from river
privacy (no one can build across the river)
270+ river frontage
semi independent (underground propane tank for emergency lights & heat)
good view of mountains
Cabin is small (well built but less then 900 sq ft)
no HVAC (just wood stove & propane)
Contracts? What is normal? I guess I just look in the yellow pages for realtors, just worry they will look at the size of the cabin and not be interested compared to some of the newer mega cabins. How embarrassing! :)
Thanks for all your help.
Discount Brokers of Georgia
Your Flat Fee Broker
There is rarely a case when one can sell at the top of the market. Most of us would like to "time" our transactions so we can buy low and sell high, but in truth life does not cooperate with the market.
In most cases an appraisal for purposes of selling your home is not crtical. However, a knowledgeable Realtor is important. It is not only the sale of your property, but the location, condition, timing, etc. are all factors that should be taken into account.
I recommend discussing your situation with a Realtor and determining the best course of action.
At this point, I do not think you need to spend the $300 to 400 for an appraisal. What I would advise is to find an agent who works the North Georgia Mountain area and speak with them concerning a suggested listing price. They should be able to provide some sold comparables and ever if there are no recent sales, he/she should be able to put current listings and provide a picture of the competition.
It is true that we have moved to a Buyer's market and days on the market have lenghtened, but property on water will sell. I do agree that it has to be priced correctly and would add that marketing is more of an issue today than it was even a year ago. Just placing a property in a MLS and thus Realtor.com not longer is sufficient.
I work the Dahlonega/North Georgia area and we have seen our second home sales slow and time on the market extend, but the prices have held fairly stable. So bottom line, speak with a few agents, take a hard look at their marketing, and go for it. I would caution two things, pick an agent that list their properties in FMLS and/or GAMLS and use a lockbox that is accessible by those agents enrolled with these services. These are minor, but important because it is where Metro Atlanta agents go to look for properties and if the lockbox is only accessible by the NGA folks you are unneccessarily restricting access to your listing.
If I can assist you in any way, just let me know.
While today's market is a little more challenging, when your property is priced right. well maintained and looks beautiful, people will buy. Buyers are looking and sales are being made. I definately think an appraisal should be your first step so that you know you have your property priced to sell. We can look at comps if there are similar properties that have recently sold and I will be glad to do that for you if you would like. I actually have a client looking for some property in North Georgia . Please let me know once you decide if you are going to put it on the market and what your price is. Please visit my website and let me know if I can assist you in any way.