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Market Conditions in 30041 : Real Estate Advice

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  • Local Info5
  • Home Buying45
  • Home Selling6
  • Market Conditions3

Activity 3
Wed Feb 26, 2014
Melanie Gurley answered:
Yes. The agent below is correct. Overall 30041 has increased upwards of 10% year to date in many communities. If you are looking to sell your home, a CMA (Comparable Marketing Analysis) is needed. The inventory is also very low verses the number of buyers we have looking now, so we are seeing housing prices on the rise until more sellers recognize this and decide to put their home on the market. Now is the time to go on the market! Let me know if I can be of service to you. Good luck!! ... more
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Thu Aug 16, 2012
Ken D'Ademo answered:
Best way to give you a more accurate assessment is to set an appoinent for me to come out and see the property. However, right now properties in Cumming are selling on an average of $75.00 per square foot. There are many other factors like location, amenities, lot size, and comparable sold homes in the area, that need to be analyzed to provide more accurate figures. If you would like a Comparative Market Analysis, call me at 678-542-1964 or visit my website to set an appointment. I just sold a house in a neighborhood for $315000 that the buyers agent did not think would appraise for more than $270000, based on her opinion, but using real data I was able to prove to that agent and the banks appraiser that the list price was accurate. Apparently the appraiser agreed as it appraised at the sold price. We closed yesterday (8/15/12). As others have alluded to about foreclosures in your neighborhood, if you are looking to sell you will need a REALTOR who is experienced in being able to assess that. Regarding doing a short sale it is not as simple as telling your bank you want to do a short sale, there is criteria that needs to be met. Beside a REALTOR who is certified in this process, you will need to hire a real estate attorney who specializes in that area. Your REALTOR and attorney will need to work together. It is a long process and if not done right, can lead to being foreclosed. You as a seller would want to have a pre-approval from the lender prior to putting it on the market as a short sale. Right now though ranch style homes are not on the most desirable list. ... more
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Thu Feb 4, 2010
Michael Hammond answered:
The odds of your home appraising today at the same price or higher than in 2007 are pretty slim, Lee. Here are the cold, hard facts for Average Sales Price in your zip code over the past two years.

Month 1-12 13-24 % Change

February 257,780 262,168 - 1.7%
March 295,689 339,870 - 13.0%
April 294,179 305,668 - 3.8%
May 326,604 317,192 3.0%
June 349,552 292,289 19.6%
July 349,860 319,432 9.5%
August 306,471 342,419 - 10.5%
September 313,733 317,227 - 1.1%
October 303,696 321,742 - 5.6%
November 272,580 297,431 - 8.4%
December 323,215 299,778 7.8%
January 372,950 313,243 19.1%

The only way to know for sure is to hire an appraiser before you start the re-finance, or go ahead and talk to a mortgage advisor and let them begin the process for you. Here are two of our preferred lenders you may want to speak with before moving ahead. Good Luck!

Michael Hammond
SellsRealty@gmail.com
404-538-5499

Jay Posey
Your Mortgage Advisor
PHH Mortgage, Inc
Phone: 404-992-5462
E-mail: Jay.Posey@mortgagefamily.com

Chuck Ewing
Senior Mortgage Planner
Community Mortgage Services
Phone: 770-241-1700
Fax: 678-623-0960
chuckewing@mindspring.com
http://www.chuckewing.com
... more
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