north metro atlanta real estate: Spend More Time on the Financing! - 05/17/12 03:28 PM
Financing has become the make or break factor for many real estate transactions.
As important as it is to the overall purchase of a home we are seeing less time spent on the actual specifics of financing.
Today we had a one hour class taught by one of our mortgage brokers. She wanted to review a Pre-App Worksheet, HUD form, and various funding fees for conventional, USDA, FHA, and VA mortgages.
Did you know?
· On an FHA loan that the maximum contribution from a seller, for closing cost, is 6% of the purchase price?
· A lender can pay … (0 comments)
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north metro atlanta real estate: These are not your mother's negotiations - 05/14/12 06:03 PM
Everything is negotiable?
The traditional way to negotiate involved going back and forth until both sides agreed on the terms. It was done void of emotion with both sides trying to feel like they have won.
Real estate is supposed to be no different. Or is it?
For the month past few months The Wells Team has been involved in numerous negotiations. Some turned out successful and others no so successful.
Here is what all of them had in common:
Emotion came into play from both buyers and sellers Buyers would not move off of their initial offer even after … (0 comments)
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north metro atlanta real estate: Lake Lanier! You are killing me! - 11/19/11 07:00 PM
For all of us "locals", we are all very familiar with Lake Lanier and its ever changing water levels.
As of today Lake Lanier was down over 14 feet!
What does that have to do with a real estate agent who sells Lake Lanier property? I think you know the answer.
We had been working with a client for over six months. We had showed them Lake Lanier property and knew their desire to live in our area. We were waiting for them to sell their Florida home.
You probably know how this turned out. Our clients had sold their Florida home however … (3 comments)
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north metro atlanta real estate: Ten Trends from The Norton Agency - 11/19/11 06:03 PM
We had the opportunity to attend The Norton Agency Advanced Seminar last week. Our President, Frank Norton Jr, gave us a lot of statistics, information, and trends for the national and local real estate market.
Top ten trends, for our area, as identified by The Norton Agency
Expect no upward swing (in regards to prices) Foreclosures have run their course in Georgia Lending is invisible (more lending alternatives) Cash is piled up on the sidelines (folks in a holding pattern) Value price is in Healthcare sector is pumping Agriculture is back (demand for small farms) Function before glamour (in regards to … (2 comments)
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