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Home Selling in 30009 : Real Estate Advice

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  • Local Info2
  • Home Buying3
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Activity 22
Wed Apr 17, 2013
stephen webber answered:
Hi Natalia
A very good question because the real estate agent and loan officer you choose are so very important. Experience is critical especially if your market is experiencing a rush and multipul offers on properties. Ethics is the critical qualifier. They also must be experienced with the various processes involved with all of the loan types. FHA, USDA, FHA 203k, and the assistance and grants available in your state, if you are a first time home buyer.
Gather up lots of information here from Trulia and you will also find an article at Your-Road-Home, Consultation Interviewing Real Estate Agents, that will serve you well. If you read the articles in the numbered order you will become a very savvy home buyer. Be sure to read #9 about the MCC tax credit. The best tax credit ever for first time home buyers.
After your full of useful information you will also find on Trulia agents and loan officers from your area offering their services. A very good source.
Best of Luck, Stephen
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0 votes 7 answers Share Flag
Sun Sep 22, 2013
Fred Yancy answered:
I don't understand why you are moving out? It is your home until the date of closing. And sometimes homeowners even put into the contract that they will vacate two or three day after closing to make sure that the house closes. So I don't understand why you are moving out prior to that. Have a heart to heart conversation with your Realtor. ... more
0 votes 2 answers Share Flag
Tue Apr 4, 2017
Tim Moore answered:
Realtors try to avoid this at all costs. Once they are in if anything happens they won't leave and it can be a nightmare. Once in they look for problems and complain about things they find they did not see before, it is something I avoid - period!!!! ... more
0 votes 21 answers Share Flag
Thu May 31, 2012
Jason Peebles answered:
I am not sure what state you are in, but in general if you choose to refuse/delay closing and you are under contract to do so, the buyers can file a lawsuit for performance. Meaning, they can sue you to perform what you have agreed to perform in the contract (i.e., sell them your home). It could be quite costly if you do so. I would suggest talking to the buyers. Communication can go a long way in any transaction and often times the other side can be empathetic to your situation. ... more
0 votes 9 answers Share Flag
Fri Jun 17, 2011
Mark Lackey answered:
It the age old question. Do you need to sell or want to sell. You could wait years for the market to come back. Email me at mark@atlantahousingsource.com for a free home analysis to help with the decision making. Our property management group can help if you decide to rent.

Mark Lackey
Atlanta Housing Source at
Solid Source Realty, Inc.
Associate Broker
EcoBroker
Mark@AtlantaHousingSource.com
404-886-8789

Services
Home Buyers & Sellers - www.AtlantaHousingSource.com
Property Management – www.SolidSourcePM.com
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0 votes 18 answers Share Flag
Tue Oct 13, 2009
Tina Vliet answered:
Discount brokers may offer a "savings" over traditional companies, but you get what you pay for. You'll need to determine what you need from a broker and compare what services are offered, and for what price.

Keep in mind that LISTING a home is easy; getting is SOLD in this market, may be a different story. Ask agents you're interviewing how many homes they have sold versus the number they have listed.

As I mentioned in your previous post, I would interview a few agents before hiring one to sell your home. Considerations should include:
- are you paying "up front" whether it sells or not, or paying "at closing"?
- how much assistance do you need in selling your home?
- do you want to pay "a la carte" for services, or an "all included" price?
- will your agent be available when you call (test a call to each office/agent to see if you can reach them or get a return call in a timely manner)
- do you have special needs? (urgent need to sell, financial issues, or other special needs)

Again, I'm in Alpharetta and would love the opporunity to meet with you to discuss your needs, let you know what your home will likely sell for, and share our marketing plan.

Tina Vliet, Broker
Berube & Company, REALTORS
770-365-4977
Tina@BerubeRealtors.com
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0 votes 4 answers Share Flag
Mon Apr 14, 2014
William M "Mack" Perry answered:
Anon you question should not be how many, but what percentage of properties they list do they sell?
0 votes 51 answers Share Flag
Mon May 7, 2012
Deryk Harper answered:
Looks like about 156 single family DETACHED homes have gone under contract in the last 30 days in 30005,30004,30022 and 30009 combined. With 1398 active listings that's about 1 in 10 homes going under contract....pretty good for this time of year.

Also have a least 96 closed sales...reporting lags up to 2 weeks on closed sales so that number could be considerably higher.

Numbers for single family attached are 56 under contract out of 498 listings or about 1 out of 9 condos/townhomes under contract in last 30 days and 23 closed sales...again reporting of closed sales lags a couple weeks so there are likely more than this number.

Deryk
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0 votes 7 answers Share Flag
Fri Jun 1, 2012
Louise Lindsay answered:
According to Trend Graphics, the average Days On the Market for properties (single family homes)  in 30004, listed on the GAMLS (Georgia Multiple Listing Service) in 2009, range from a low  of 69 days for January to a high of 116 in Feb 2009. Properties listed in FMLS (First Multiple Listing Service) in 2009 range from a low of 92 in January to a high of 114 in July 2009. July, by the way is the most recent month they have for statistics. You can also get numbers for various price ranges. For example in July 2009, 54 single family homes sold in the 30004 area that were listed in FMLS. 695 propeties were available for sale in that month. One property was below $150,000. 13 properties were between $150,000. to $299,000.  And I could go on... but I'll stop here for now. The main trend I see is an increase in sales with buyers buying the bargains and still pleanty of propeties to choose from... although it seems the majority are distress sales. The buyer who is looking for the "move in ready" home has far few properties from which to select. ... more
0 votes 5 answers Share Flag
Sun Mar 15, 2009
The Weathers Team answered:
Dear ATLBuyer,

I'm not sure I fully understand the real question that you are trying to ask, but I will try to make some general financial observations using your example.


If you are asking how much equity you have gained while owning the home, then the obvious answer is that you have an additional $7,000 in equity, the total of which depends on how much your original downpayment was, etc.


If you are asking what your "profit" on the house is, in terms of potential IRS tax liabilities, the amount of principle and interest paid is not a tax consideration, so the general answer is:

Sales Price (not given)
- Costs Associated with the sale (agent & misc. fees)
= $210,000
- Basis in house (cost of improvements, etc -- but not including maintenance costs, mortgage costs (i.e. principal & interest), Property taxes, etc.)
= Net Profit or Loss on the House


However, if you are simply speaking in general terms about how much money you actually "made" (your "net take-home"), then the answer is not good:

To use only the expenses you have mentioned here, then the Sales Price (minus cost of the transaction expenses, including real estate commissions, etc.) of $210,000 is reduced by the Original Purchase Price of $200,000, which gives you a "net gain" of $10,000.

However, when you take into account the amount of the principal and interest payments associated with your ownership of the home, then your $10,000 "gain" becomes a $25,000 Loss ($10k - 35k = -25k) -- (not taking into account the deduction for interest payments allowed on your Income Tax Returns). Even though your payments of $7,000 toward the principal increases your "equity" by $7,000, it is still an additional EXPENSE to you, and is taken into consideration (i.e. "included") in the Sales Price of $210,000.

If you also take into consideration the amount of money you spent on property taxes, home maintenance, etc., then your "net take-home" is actually an even greater Net LOSS!


You have raised some important questions that many home owners don't ever fully explore, but these things should be taken into consideration by anyone purchasing a home. This is good example that illustrates that home ownership can be very costly from a financial perspective, even though there are other important benefits associated with owning a home.

I hope this is helpful. Please let me know if this answers your question, or maybe you can explain more fully what you mean by "net take-home". If you would like to talk further about this or other real estate-related issues, feel free to give me a call any time.

Sincerely,

Steve Weathers
Associate Broker
Realty Professionals, Inc.
770-777-7778
Steve@WeathersProperties.com
www.WeathersProperties.com
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0 votes 4 answers Share Flag
Sun Mar 15, 2009
davidwbrower answered:
How many homes you've sold in the past 6 months (not how long you've been in business)?
How familiar are you with inventory and pricing in the area which we are interested?
What is your marketing strategy?
What will you do differently than other agents to get my home sold?
What kind of internet exposure can you provide?
What is your average days on market?

These are just a few.. give me call and I can answer your questions.

Sincerely,
David Brower, Assistant Manager/Realtor
Crye-Leike Realtors
678-982-9600
david@davidwbrower.com
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0 votes 7 answers Share Flag
Thu Feb 12, 2009
Tori Lawson, ABR answered:
Hannah,
I would recommend you contact a Realtor and see what the comps are doing, the appraisal from 2007 is very outdated at this point.
If you would like me to recommend anyone for you, please feel free to contact me anytime!

Best of luck

Tori Lawson
REALTOR
Prudential Georgia Realty
404-918-4671
... more
0 votes 10 answers Share Flag
Sat Nov 1, 2008
James Standart answered:
If you find the right renters by doing your homework, renting would be your best bet financially. Being in another state, I would recommend hiring a Property Management company to handle the screening of applicants and also handle the rental for you. The market will be better in a year or two for selling. ... more
0 votes 7 answers Share Flag
Tue Oct 14, 2008
James Wheeler answered:
Depends on quite a few factors, which the Realtors on here will be more than happy to discuss with you. One critical factor is how close to market value you've listed your house. The higher you are above realistic market value, the longer it will take to get any offers or inquiries. ... more
0 votes 11 answers Share Flag
Wed Oct 1, 2008
Hank Miller answered:
Hi Favors -

I get a weekly email showing the stats for the week and an overall summary. Is your house listed with an agent - if so and they posted it they might be getting the weekly email.

Hope this helps

Hank Miller, SRA, ABR
Associate Broker & Certified Appraiser
678-428-8276
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0 votes 1 answer Share Flag
Mon Aug 18, 2008
Jeanne Feenick answered:
My formula for success is: Smart Market Pricing + Maximum Exposure + Agent Effort = Success

If your agent is maximizing the exposure of your home via all available channels - and then some - and you have priced your home properly, you are in good shape.

As far as whether you should expect your agent to bring clients in, the answer is yes you should at a minimum expect your agent to try. Activities such as Open Houses and marketing in which responses come directly to your agent are geared to drawing buyers to the agent directly.

Best of luck!
Jeannie Feenick
Search and connect at http://www.feenick.com
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0 votes 20 answers Share Flag
Thu May 22, 2008
Jolie Abreu answered:
Hi Jan,
It depends... first, what are you planning to do after you move out of your house? Are you going to buy something elsewhere, or is it an investment home for you? If you are going to buy elsewhere, and you'd like to use the equity on your next purchase, I'd consider selling. It is such a good time to buy, you may not want to lose the opportunity.

The market does seem to be stabilizing somewhat. Depending on your neighborhood, sale prices might be good, but rentals could be tough. There are many homeowners wanting to rent their homes out, and this is effecting the rental market as well. You might want to check into rental rates for your subdivision before you make a decision.

I'd be glad to speak to you about your specific home, and possibly provide more detailed suggestions. Feel free to call me, at no obligation.

Jolie Abreu
Keller Williams Realty Consultants
678-894-4409
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0 votes 7 answers Share Flag
Tue Sep 2, 2008
Cindy Vedder answered:
Oni, it is going to be limited to a certain buyer now. While before construction you had a wider base of buyers now you will need to find someone who maybe wants to be close to work- especially with today's gas prices! Check out the vicinity, see if there is anything else in the area promoting growth through construction and start marketing to them with flyers. Are you close to schools? Is there a new office building in the area? What about a hospital or college? Target does not build in places that are not growing. Concentrate on the work force and good luck. The right buyer WILL appear. Cindy Vedder ... more
0 votes 11 answers Share Flag
Wed May 7, 2008
Jolie Abreu answered:
Well Alvin,
It depends on how much you are willing to spend on the renovations. And, what the return is on those renovations. A kitchen remodel is worth more than new flooring in a house, but maybe doing a few things to fix it up will help it to sell faster. Does it need a new a/c, roof, or water heater? These may be worth looking into if they are all over 15 years old. I would certainly be willing to take a look at the house with you and give you some suggestions based on what I have learned over the years in real estate.

Jolie Abreu
(678) 894-4409
... more
0 votes 8 answers Share Flag
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