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Newnan : Real Estate Advice

  • All116
  • Local Info9
  • Home Buying32
  • Home Selling1
  • Market Conditions7

Activity 50
Thu Nov 11, 2010
Anna M Brocco answered:
Since no link is visible and no address given, you may wish to ask your question again--or contact any local agent/realty office.
0 votes 3 answers Share Flag
Thu Nov 11, 2010
Nancy Huffman answered:
Brian,
Can you provide the link or the address of the property you are looking at? I'll be glad to check for you! Please contact me at the email or phone numbers listed below. Thanks!

Nancy Huffman
Solid Source Realty GA LLC
770-475-1130 x8345
770-401-5500
atlantadreamhomefinders@gmail.com
... more
0 votes 2 answers Share Flag
Mon Nov 1, 2010
Barbara Adamson answered:
That question depends on what other similar homes in that area have recently sold for. It could be that the sold comparable properties support a full price offer...or it could still be overpriced. The absolute best determinate of what a home is worth, is what other homes in that market with similar qualities are selling for.

If you are already working with a buyer's agent (which I highly recommend because it should be at no cost to you and they will be able to help you with these types of things), ask your agent to gather a list of recently sold homes in that area to help you make your decision.

If you need help, please don't hesitate to call me...

Thanks,
Barbara Adamson
Keller Williams Realty Atlanta Partners
404-213-8572

barbara@metrobarb.com
... more
0 votes 6 answers Share Flag
Sun Oct 24, 2010
Lori Beardslee answered:
Obviously since I have been a lender for over 25 years, I am going to tell you to call me. I can promise you honest answers. We will all say we have the best rates and service (but I really do :).....It costs you nothing to email or to call me and get a quote on your refinance. I can be reached at (770) 527-1375 or email me at lbeardslee@loriandlori.com. We are a direct lender from our own money, but sell our loans to Wells Fargo, BB&T, Chase, Affiliated, Primary Capital, and many more. I shop to find YOU the best deal for your particular situation. Look forward to hearing from you. ... more
0 votes 5 answers Share Flag
Fri Oct 22, 2010
David Chiles answered:
Thank you for your question about whether or not you should put your home on the market. The first thing I would do is look at what comprabable homes in my neighborhood have sold for and how long it takes to sell them. Zillow is notorious for giving bad estimates, so I would not rely on their figures. I suggest contacting a good local realtor and asking for some 'comps' they should be able to give them to you as a courtesy. ... more
0 votes 14 answers Share Flag
Tue Nov 30, 2010
Anna M Brocco answered:
As to how long it may take to sell--much will depend on location, pricing, condition, etc.; as to value--contact a few local agents from different realty offices and ask for comps--recently sold similar properties in the immediate area, review the data and make a determination as to a fair price--consider hiring the one you like best as your listing agent. ... more
0 votes 3 answers Share Flag
Sat Apr 2, 2011
cogginsfarm answered:
This area is just out of one of the historic districts of Newnan and it is where Newnan High School is located. Coweta County is Great! This area is about 10-12 miles from the interstate. ... more
0 votes 3 answers Share Flag
Sun Jul 25, 2010
Michael Hammond answered:
Seems to be a pretty open ended question, Len. My sister lives in Newnan and has many issues, but since she doesn't live near a creek in the floodplain, flooding is not one of them. Below is a web reference that may prove helpful in a home purchase anywhere in regards to flooding. Please allow me to answer the "anything else' query on specific concerns you may have when time allows. Good Luck!

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

http://www.SellsRealty.org
... more
0 votes 5 answers Share Flag
Thu Apr 29, 2010
Mark Lackey answered:
Call my lender Amy Wilemon at 404-368-4031. She should have some idea for you and that will beat just someones opinion.


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

Services
Home Buyers & Sellers - www.AtlantaHousingSource.com
Property Management – www.SolidSourcePM.com
... more
0 votes 3 answers Share Flag
Tue Mar 23, 2010
Scott Godzyk answered:
The best person you can ask, is the agent who sold you your house. They can easily pull up comparables so you can include with your abatement request. Your other choice is to ask an agent to complete a broker price opinion or pony up for an appraisal if you want some more concrete evidence you can submit. good luck with your abatement. ... more
0 votes 7 answers Share Flag
Tue Nov 30, 2010
Jackie Campbell answered:
Hi, Bonnie.

Always happy to help another professional. I have stats as of September 2009 on my blog at http://www.bestgeorgiahomesearch.com/Real+Estate+Market+Update+for+Coweta%2c+Fayette+and+S.+Fulton+Counties and I will update soon (hopefully next week) with the final quarter's results. Feel free to call if you want to discuss the details.

Thanks,
Jackie Campbell
The Campbell Team at RE/MAX Results
678-416-2326
... more
0 votes 3 answers Share Flag
Wed Dec 9, 2009
. answered:
From what you said, I think the investor paid $76k but only financed $66k. You didn't say what the investor's current asking price is. Even though the investor may have gotten a good deal, he or she may still be offering you a good deal depending on what the current market value of the property is. You can always ask the investor to make some repairs (such as the holes in the wall and carpet) but the price may go up. There are several online sites that will give you appoximate values for a home or you can contact a local real estate agent to help you determine value as well as help you write up a contract to protect you in this transaction. Since this is your first house, I would definitely recommend contacting a local Realtor. Yes the investor may try to go up on the price some to compensate for commission to the agent, but a home purchase is the biggest purchase you will make in your life and you need to make sure you are protected. There are so many things that could go wrong and an experienced agent can make sure none of those things happen. If I can help you in anyway there in GA, please let me know. ... more
0 votes 4 answers Share Flag
Sun Nov 22, 2009
David - Appraiser answered:
Comparing values of renovated "historic houses" to "new houses" is like comparing the proverbial "apples" to "oranges". It is just not done, not acceptable, nor recommended. There are many major differences and methods in determining the value of each kind. There are also differences in determining what is classified, and type of classification, as a historic house and many regulations and stipulations regarding how and to what extent a historic house (or other historic structure) can be renovated.

To determine if homes in the Historic District are retaining their values or not, you should contact an Appraiser in your area who is competent and/or experienced in appraising historic properties.
... more
0 votes 1 answer Share Flag
Thu Oct 29, 2009
Michael Hammond answered:
If it's 39 Trailwood in Summergrove, Cheryl, it is and has been reduced from $179,500 to 161,000. Please forward me your email address and I will send you an e-flyer on the property with photos and a description. Good Luck!

Michael Hammond
SellsRealty@gmail.com
404-538-5499
... more
0 votes 1 answer Share Flag
Mon Feb 15, 2010
Don Tepper answered:
You'd really have to consult with a Realtor in your area to determine that. It also depends on your specific neighborhood and what people expect from the homes there. For example, if your home only has 1.5 baths and most of the houses in your neighborhood have 2 or 2.5 baths, then it could make sense to convert the half bath to a full one. On the other hand, if your house already has 2.5 baths and you're converting a half bath to a full one, it might not make as much sense.

Similarly, in some areas garages are very highly valued. Lots of people won't buy homes without garages. If you're in a neighborhood mostly with 3 bedroom homes, it might not make sense to add a 4th bedroom (which wouldn't be highly valued) while sacrificing a 2-car garage. So, it really depends.

What you really ought to do, first, is determine what will make the home more liveable for you. If you really need that 4th bedroom and really need another full bath, that's fine. Still, since you're concerned about adding value to your home, check with a Realtor. In many areas, a 4th bedroom will add a little, but not too much. Converting a half bath to a full bath will add a little; it'll add more if you only have one full bath at the moment. It won't add very much if you already have 2 full baths.

You'll find that very few improvements return 100% of the cost. Adding a full bath to a home that only has one probably will. Doing a moderate rehab on a severely dated kitchen probably will. Adding a 4th bedroom and sacrificing the garage probably won't. Adding skylights won't. Finishing an unfinished basement might. Again, though, a lot really depends on what's expected from the homes in your neighborhood.

Hope that helps.
... more
0 votes 5 answers Share Flag
Thu Aug 27, 2009
The Florida Property Experts answered:
generally with a bank owned foreclosure, if the bank receives more than one offer on a property, they will ask for highest and best from all buyers involved - this is not the case 100% of the time - but is fairly common (and really it only makes sense, right?)

I certainly wouldn't let it prevent you from writing an offer...

Best of luck!

-Josh
... more
0 votes 6 answers Share Flag
Mon Jan 19, 2009
Jackie Campbell answered:
Prepare yourself. Selling your home can be a nerve-wracking experience, since frequently YOUR schedule and your prospective buyers' schedules don't work together. Or more precisely, the schedules DO work together--the buyer is off work and available to see homes at exactly the time that YOU are off work and want to be relaxing at home.

My point? With the number of homes in inventory now, you simply MUST make it as easy as possible for prospective buyers to see and access your home. That frequently means that you will be the one inconvenienced. As an agent who works with both buyers and sellers, I can tell you that you should do your best to work through any scheduling conflicts since you may not get a second chance.

As difficult and inconvenient as it can be, I thought you might like to know some of the reasons why buyers "can't be bothered" with making an extraordinary amount of effort.

Most of the time, buyers will be physically and mentally exhausted by the time they've seen 10 or 15 homes. The idea of having to make a special arrangement--or worse yet, having to double back--to see your home may be too much for them to take on.
If they're trying to see your house on a week night: Remember, they've worked all day, too. They want to see as many homes that might work as they can without having to build every showing around one or two firm appointments.
The kids are screaming.
The husband (or wife) is hungry.
Someone needs to get back home to let the pets out.
Their flight leaves in 2 hours.
They've got homework / projects / work that they need to complete.
So TRY to make your home easy to see. It's not always going to work out. Things happen, and you need to have compassion for yourself when something happens to prevent you from being able to show the house.

Just keep doing your best to make the house available when you can if you want to increase your chances of getting it sold!
... more
0 votes 15 answers Share Flag
Mon Jan 19, 2009
Jackie Campbell answered:
Hi, Michelle,

Earnest money is put up by the home buyer, and acts as an act of good faith that you are going to consummate the deal. The money can be forfeited if you break the contract, but will be credited to you at closing if you buy the house. For example, if you are purchasing a home that is $100,000, your $1,000 earnest money will reduce the amount owed to $99,000 (keep in mind that there are other fees associated with buying a house, like taxes, insurance, closing costs, etc).

When you are the buyer, it is ABSOLUTELY CRITICAL to craft any offer so that your earnest money will be returned to you if the seller doesn't go through with the deal or if there is something that comes up during the inspection that would prevent you from wanting to go through with the deal. Your realtor will be on top of making sure that this is done in a way that protects you, and explaining under what circumstances your money would be at risk.

Best of luck to you. I specialize in land and home sales in Coweta and Fayette Counties, so if you're looking for someone to represent your interests throughout the process, I'd love to "interview for the job".

Thanks,
Jackie Campbell
The Campbell Team at RE/MAX Results
... more
0 votes 6 answers Share Flag
Fri Sep 4, 2009
Tori Lawson, ABR answered:
Holli,
I am so sorry for this happening to you, and am personally upset when a fellow agent behaves in this manner. Do you know if this agent is a REALTOR by chance? You can certainly file a complaint should you choose to do so.
Are you not represented by your own agent? does not sound like it from the above, this is another reason why it is always best to be represented and to have your interests looked after. It does not cost anything to you as a buyer. I wish you the best and please advise if I can be of further assistance.
... more
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