Monday, December 28, 2015

Selling a House: How Long Does It Take?

How long does it really take to sell a house? While there is not one person who can give a definite answer to this frequently asked question, there are a numbers of factors that can help you determine how long your house would sit on the market.

How Long Does It Take to Sell a House? 5 Main Factors to Consider


Price

It is a commonly accepted fact that an overpriced home takes longer to sell, and may eventually sell for less than its market value. On the other hand, a house that is priced a little lower than its market value attracts multiple offers and would sell for more than what the home is worth. In addition, houses in the lower price ranges tend to sell faster since there are more people who can afford to buy them.

Condition

Houses that are in poor condition and are in need of repairs will take a longer time to sell because home buyers will find it hard to picture themselves living there.

Location

Houses that are located in a highly desirable neighborhood will sell a lot faster.

Season

It may take longer to sell a home right before winter or the rainy season since most people who are planning to move would rather do so in decent weather. This explains why the average market time is shorter during spring and summer.

Economy

The average time a house sits on the market decreases when interest rates are low and house prices are on the rise. If housing is not plentiful, rising home prices can also make for a seller’s market even if mortgage prices are moderately high. However, in conditions wherein there is an oversupply of housing, interest rates are high and prices are steady, you can expect houses to sit on the market for an average of 12 months.
For more valuable tips on selling or buying a home, please visit my site at http://www.pamsantoro.bhhsgeorgia.com/. You can also contact me at 678-656-6627 if you have any questions about local market conditions, financing or anything that can help you with in your search for real estate. Remember, no one sells a home like a Mom!
Photo courtesy of renjith krishnan at freedigitalphotos.net

Monday, December 21, 2015

3 Simple yet Effective Tips to Ensure a Successful Open House


You have done all the necessary preparations to make sure that your house is in order but do you think you will attract the right people to your open house? To increase your chances of success, here are some simple yet effective tips that you may want to consider.

Tips to Increase Your Chances of Having a Successful Open House


Use the right sign.

You can dramatically increase foot traffic on the day of the open house by replacing your "for sale" sign with an "open house" sign at least 7 days before the event. These signs (popularly known as "riders") are available at your favorite home improvement store for just a few dollars.


Let your neighbors in.

You may not believe it but the people in your neighborhood can help you sell your house fast so invite them in. A lot of people would want their friends and relatives to move into the neighborhood so send invitations, fliers and/or emails to let them know about the event. You can even consider holding a neighborhood exclusive an hour before the house opens to the public.

Choose the right agent.

Ideally, your agent should use all the tools available to ensure that your property will sell fast and for top dollar. Aside from using popular real estate sites such as Realtor.com, Trulia.com, Zillow.com and multiple listing sites (MLS), your agent should blog and tweet about the upcoming event, and make use of real estate apps and printed brochures to reach the most number of people.
And remember - being present at the event and meeting prospective buyers would not do you any good so it would be best if you would get out of the way.


For more valuable tips on selling or buying a home, please visit my site at http://www.pamsantoro.bhhsgeorgia.com/. You can also contact me at 678-656-6627 if you have any questions about local market conditions, financing or anything that can help you with in your search for real estate.

Photo Courtey of phanlop88 at freedigitalphotos.net

Tuesday, December 8, 2015

5 Simple Tips for First Time Home Sellers


The housing market has been changed forever. If you are selling a house for the first time, you need to know that today's home buyers are pickier and are using more tools to help them find the right home to suit their needs. As such, it is not enough to simply list your house for sale. You need to have a solid marketing strategy to help you sell your house fast and make a good profit out of it. Here are some tips that can help you accomplish this goal.

Know your potential buyers.

You can create an effective marketing plan if you know who would most likely buy your listing. According to the National Association of Realtors (NAR), today's home buyers would most probably belong to the millennial generation, are mobile (use their mobile phones to search for listings and open houses), and use photos to help them make their buying decision. Moreover, today's buyers enter the market when they are ready to buy.
On the other hand, buyers belonging to the Silent Generation (those born between 1925 and 1945) start the process by getting in touch with their agents and prefer to attend open houses before making a decision.

Price it right.

You will get the most number of showings during the first two to three weeks so put a realistic price tag on your house right from the start to increase your chances of selling your house fast.

Throw in some extras.

Sweeten the deal by offering some nice extras (new stainless steel kitchen appliances, flat TVs and/or washer and dryer sets, etc.) to potential home buyers. 


Make it move-ready.

You can sell your house fast and for top dollar if you make your home move-ready before listing it on the market. Keep in mind that most buyers want to start fresh and would not want another item on their to-do list after buying a new house.


Hire the right agent.

Not all real estate agents are created equal so do your homework before choosing the agent you would like to work with. To increase your chances of choosing the right agent, get a referral from someone you trust, and talk with recent and past clients. Make sure that the agent is licensed, has the right credentials, knows your area and has considerable experience in the field. You should also look at their current listings and business websites to see what types of properties they are selling and to determine how effectively they are using their online tools.



For more valuable tips on selling or buying a home, please visit my site at http://www.pamsantoro.bhhsgeorgia.com/. You can also contact me at 678-656-6627 if you have any questions about local market conditions, financing or anything that can help you with in your search for real estate.

Photo courtesy of Stuart Miles at freedigitalphotos.com

Sunday, November 29, 2015

Closing Delays: How Can It Be Avoided?



















For a home buyer, there is nothing more frustrating than experiencing a closing delay. After making sure that all the documentation is in order and making all the arrangements for the moving day, not being able to get the keys and move in to your new home can be a nightmare. Don't let this happen to you. Consider these tips to help you avoid having your closing date put off.

4 Useful Tips to Avoid Closing Delays


Communicate. 

Most closing problems can be avoided by keeping the communication lines open, so check with your lender on a regular basis. Also, don't hesitate to contact the settlement company if there is anything that you don't understand.

Have enough money. 

To avoid any delays, you should have enough funds in your bank account to cover your closing costs. Most experts agree that you should budget 3% of the final home price for this. Your lenders can give you a rough estimate of your closing costs but this may change on the day of the closing. Have some extra money to cover for any incidental costs for good measure.

Check your documents.

Any incorrect, misspelled or missing information in your documents can cause closing delays, so check all of the information carefully prior to closing.

Bring a valid ID. 

Without a valid government-issued ID, the title company will not notarize your signature on the closing documents, so don't forget to bring a current driver's license or passport on closing day. You wouldn't want something as simple as this to prevent you from getting the keys to your new home, right?  


Buying a new home can be a very exciting time for your family, so follow these tips and you can be sure that closing delays wouldn't get in your way.


For more valuable tips on selling or buying a home, please visit my site at http://www.pamsantoro.bhhsgeorgia.com/. You can also contact me at 678-656-6627 if you have any questions about local market conditions, financing or anything that can help you with in your search for real estate.


Photo courtesy of fantasista at freedigitalphotos.net

Sunday, November 22, 2015

Moving to Alpharetta, Georgia: Some Things You Need to Know About


Moving to a new location can be an exciting adventure. It can also be very intimidating, to say the least. As such, you need to learn everything you can about your new neighborhood to avoid any unpleasant surprises down the line.

If you happen to set your eyes on making Alpharetta, GA your new home, here are some things you need to know to prepare you for what’s in store for you in your new neighborhood.

Population


As of 2015, Alpharetta has a population of 61,375 people. It has an average household size of 2.65. 72.19% of the population is white, 10.41% are black, 12.99% are Asian, 0.08% are Native Americans, and 1.53% belong to other racial groups.

Climate


Alpharetta gets 53 inches of rain per year (US average is 37) and 2 inches of snowfall per year (average US city gets 25 inches of snow). On average, Alpharetta gets 218 sunny days and 112 days with any measurable precipitation per year.

Housing


The median home cost in Alpharetta is $302,400 (Note: The price of real estate went up by about 15.20% in the last year). 56.9% of the 24,358 housing units in the area are owner-occupied, 38.2% are renter-occupied, and 4.9% are vacant.

Income


Median household income for 2015 is $85,183 (US average is $53,217), while average household income is $123,427 (US average is $74,699). A 3.57% increase in household income is predicted for 2015 to 2020.

Employment


The unemployment rate in Alpharetta is 5.20% (U.S. average is 6.30%). Recent job growth is 1.77%.

Education


Alpharetta is home to some of the best schools in Georgia. Public education is run by the Fulton County School System while higher education is provided by Gwinnett Technical College, Emory University and Life University. There are also a number of private, charter and alternative schools in the area.

Entertainment


You will never run out of entertainment options while in Alpharetta. There are plenty of bars, restaurants, and shops to choose from, and there’s a wide variety of things to do that will appeal to every member of the family. You'll just North of Atlanta which houses the Verizon Wireless Amphitheater, The World of Coca-Cola, and CNN Center, to name a few.   

Healthcare


According to the Metro Atlanta Chamber, Alpharetta has some of the nation’s most qualified, affordable and efficient healthcare systems in the country.


Now, are you ready to make Alpharetta your new home?


For more valuable tips on selling or buying a home, please visit my site at http://www.pamsantoro.bhhsgeorgia.com/. You can also contact me at 678-656-6627 if you have any questions about local market conditions, financing or anything that can help you with in your search for real estate.

Logo photo courtesy of www.alpharetta.ga.us

Sunday, November 8, 2015

Home for Sale in Alpharetta, GA: Featuring a Large Basement!

9845 Rod Road, Alpharetta, GA 30022

5 beds 5 baths ~ 5,493 sq ft


For more valuable tips on selling or buying a home, please visit my site at http://www.pamsantoro.bhhsgeorgia.com/. You can also contact me at 678-656-6627 if you have any questions about local market conditions, financing or anything that can help you with in your search for real estate.

Tuesday, October 27, 2015

Special Event - Educational Workshop for Aging Parents and Their Families - Oct. 28th 1PM to 2:30PM

Register for our special event: Exclusively for Aging Parents and their Families at Spruill Oaks Library on October 28, 2015 1pm-2:30pm. CALL FOR DETAILS 678-842-3100.


Please join us for an educational workshop Exclusively for Aging Parents and their families:
Empower Yourself and Your Parents
Wednesday, October 28th 1:00 pm-2:30 pm, light refreshments will be served.   Please feel free to include in your RSVP Friends and Colleagues that would be interested in Empowering themselves and their parents too!
Did you know?

·         A majority of older adults have not changed residences in more than 20 years (58 percent), and 75 percent say they intend to live in their current home for the rest of their lives. [1]
·         Eighty-two percent of professionals cite decreased cognitive abilities – due to mental illness or memory loss – as the top reason preventing older Americans from staying mentally sharp, and by extension able to live alone, yet only 42 percent of older Americans cite this same reason.
·         When asked what concerns they have about living independently, adults 60 and older say they are most concerned about becoming a burden to others (42 percent), experiencing memory loss (41 percent) and not being able to get out of the house and/or drive (34 percent).
·         Additionally, while less than a quarter of older adults anticipate needing support managing their finances as they age, the majority of professionals stress this will be a need (19 percent and 86 percent, respectively).
1.        Source: 2015 United States of Aging Survey, an annual survey conducted by the National Association of Area Agencies on Aging, National Council on Aging and UnitedHealthcare.

DATE:
Wednesday October 28th, 2015


TIME:
1:00 –1:30 pm Welcome & Refreshments
1:30 –2:30 pm Workshop


LOCATION:
Spruill Oaks Library
9560 Spruill Road
John’s Creek, GA  30022
Hosted By:

Pam Santoro,  Realtor
Lisa McGrath, Financial Planner
Mary Beck,  Moving Specialist
Mary Jo Bowser, Home Care Advisor
Erica Ramsey, Insurance Advisor

https://www.nationallifegroup.com/enews/rd/spacer.gifSeating is limited so please register early.
Guarantee your reservation today by calling 678-842-3100
If you prefer, email
lisa@cwbfs.com