Hank Bailey

"REALTOR, eCertified"
  • I'm a:
  • Real Estate Professional
  • Company:
  • Prudential Blanton Properties
  • Location:
  • Web sites:
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  • Phone:
  • (706) 621-1895
Hank Bailey, in 30606
  • 8 Answers
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Testimonials
""I have had the pleasure of working with Hank Bailey for the last 5 years on multiple real estate transactions as they relate to development, finance, and structuring. I have found that Hank is very knowledgeable in all aspects of real estate. Hank has always been responsive and detail oriented. I have always been impressed that Hank stayed abreast of market trends not only for himself but for his real estate clients as well. He is a very hard working and self motivated individual.""
Cynthia Swafford Wed May 7
My Q&A View all >>
Hank Bailey's Questions (0)
Hank Bailey's Answers (8)
Heather Fern…, Home Buyer in San Francisco

Which markets give you the BEST public school education?

Asked Mon Mar 17 2008, 10:14 by Heather Fern…  -  Atlanta  -  Schools  -  18 answers
Hank Bailey answered:
Oconee County GA schools are some of the best. You get out of that Atlanta Urban feel and into an area that is growing with people commuting to Atlanta who want a better life for their kids. - Yesterday, 22:36
Denise, Home Buyer in Atlanta

after they tell you that you are approved, should it take long to get that letter and do you have to get one?

Asked Wed May 7 2008, 18:35 by Denise  -  Atlanta  -  Home Buying  -  12 answers
Hank Bailey answered:
Conventional wisdom is what we are seeing in replies below. The approval letter, especially now a days in the lending arena, means nothing. I means that if the buyer can prove what they told the loan officer on paper then and only then after the underwriter comes back with 150 stips will it possibly maybe close. Yes, it can make an unknowing seller feel good, but if you are working for a seller I would not trust the paper it is printed on. - Yesterday, 22:34
smjohn27, Just Looking in

I want to purchase an investment property with my husband. How do I go about financing the loan?

Asked Wed Aug 29 2007, 07:26 by smjohn27  -  Savannah  -  Foreclosure  -  11 answers
Hank Bailey answered:
Right now forget it. If 5% down on investment is what you have to work with you should wait until better days. From a REALTOR who has been a big investor I can tell you that with scores now a days of "only" 700 there is no way you would pay the interest rate to make it work even if they would take less than the 25%-35% or more down on investment property most lenders are looking at in today's climate. Waiting is good too as prices will probably keep falling for months to come. - Wed May 7 2008, 16:10
Joyce Cantre…, Buyer & Seller in 1576 blease rd barney ga

when buying a home, is the financing based on the appraised value or the selling price?

Asked Sat Feb 2 2008, 19:18 by Joyce Cantre…  -  Georgia  -  Foreclosure  -  8 answers
Hank Bailey answered:
It depends. Is appraised value less than the selling price? Take the lower of the two and you got your answer. - Wed May 7 2008, 16:04
Joshua Jarvis…, Real Estate Professional in Atlanta

Listing A Short Sale? Pricing

Asked Tue Apr 22 2008, 02:17 by Joshua Jarvis…  -  Georgia  -  Agent2Agent  -  8 answers
Hank Bailey answered:
From professional experience I have found that you have to put a price on the house to sell quickly. A real hard number to move it. Once you get a contract in force, with applicable contingencies showing that it cannot be a binding contract until seller's lender approval, I would take to the seller's lender and ask if they would accept a short sale. If you advertise upfront that this is SHORT SALE pricing or go that route ahead of time you run the risk that your seller may not truly have acted (in the bank's eyes) in good faith and the may get stuck with a deficiency judgement because the lender might look at the whole short sale idea as "the borrower's idea" and not theirs. Let it be the "lender's decision" once you have a negotiated contract in hand. - Wed May 7 2008, 16:02
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What's this?
Specialties
My specialties are that I deal with all types of buyers and sellers. I understand the importance of how hard it is to work for both. How to find money for not just a primary residence, but I have contacts for financing for second home buyers and investors. If a homeowner is in trouble I understand and have worked "short sales" to get the best deal for my client or customer.
Experience
Latest:
REALTOR for Prudential Blanton Properties
Have been a REALTOR for going on four (4) years. Working on my Brokers License and ABR at present. Have listed, sold, and in the process negotiated property contracts between $600,000-$1.3 million.
January 2004—present
Certifications & Awards
2005 Qualified for Million Dollar Producer Anderson Association of REALTORs
2006 Qualified for Million Dollar Producer Anderson Association of REALTORs; More than $4 million sold
eCertified
REALTOR
Interests
Golf
Fishing
Working on the Community Advisory Council of the Athens Pregnancy Center
Member of the Athens-Clarke Heritage Foundation
Coaching Rec League Sports with my children

Hank Bailey is a member of Trulia Voices:

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