Tag Archives: Dinsmore Team

It’s a Sellers’ Market: Advice for Buyers and Sellers

Friday, 07 August 2015 15:20
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verico_lozinski_mortgage_corp_21c47bc6_1e78_1bd7_e8ab_31049851a086Real estate season is in full-swing and the Atlanta market has proven itself to be hot for sellers once again.  However, while phrases such as “bidding war” and “multiple offers” may be welcomed by those looking to get rid of their property, similar words may incite a bit of unease in buyers looking to make a speedy purchase.

Still, while it would be easy to assume that, in this climate, sellers can easily field offers with minimal effort, it’s important to remember that both buyers and sellers need to work hard to make the most of the current market.

FOR SELLERS:

Be On Your Game.  Even in a sellers’ market, traditional real estate rules still apply.  In short, sellers must still put their best foot forward if they’d like to get the most for their home.  Houses that are shown in top condition are much more likely to sell—quickly—in a sellers’ market than those that have been haphazardly cleaned and organized.

With that being said, don’t get carried away by assuming that you can overprice your home simply because the market is currently favoring those looking to move.  At the end of the day, buyers will always flock to well-priced homes that show well.  If it’s not priced right or shows poorly, it won’t sell.

Don’t Drag Your Feet.  If you’ve been lucky enough to receive multiple offers on your property, it’s important to move forward with the most qualified buyer.  Waiting too long can cause a loss of momentum, so pay attention to the buyer who is not only working with a local agent and has their loan lined up, but the one who makes an aggressive offer and expresses serious interest in your home.

FOR BUYERS:

Strategize and Plan.  One of the most frustrating things about a sellers’ market is that, as a buyer, even if you’re serious about purchasing and have made a point to secure reputable financing, you may have trouble either finding the right home or getting your bid picked up.  Therefore, since there’s often little you can do in these types of situations, it’s important to make sure that you’ve crossed your t’s and dotted your i’s in advance.  You don’t want to suddenly find yourself in a great position to have your bid selected if you’re not prepared to move through the closing process.

Avoid Resting on Your Laurels.  Sellers’ markets are all about seeing what you want and moving on it.  Truly interested buyers won’t wait for the open house to decide whether they want to make an offer.  If a home enters the market on Monday, you need to be viewing it on Tuesday and if possible, making an offer within a few hours.  If you make the mistake of prudently waiting a week or two, you may find yourself sorely disappointed.

First Impressions Always Count.  Buyers who move quickly show sellers that they mean business.  Remember, no one wants to wait around, so make a point to make your contingencies and timeframes swift, and take as much risk as possible away from the seller.  Consider moving forward with an inspection prior to submitting your offer so that your bid won’t come with contingencies regarding inspections.

In regards to financing, it’s important to consider the state of our current economic climate.  Securing a loan takes longer than it did 10 years ago, so make sure you’re moving to acquire the necessary funds well in advance.  Plain and simple, if you need to ask the seller for an extra month in order to get your finances in order, you’ll have a difficult time competing with someone who can do it in a quarter of the time.

CONCLUSION:

In the end, regardless of the market, both buyers and sellers need to be prepared for the home sale process.  Sure, it may seem stressful; however, if you make a point to surround yourself with a knowledgeable and experienced team of real estate/lending professionals, you’ll be in a better position to get the most out of your investment.

If you’d like some advice or have a home you’d like to list or buy, please feel free to contact me.

Marie Dinsmore | The Dinsmore Team | www.DinsmoreTeam.com | 770-712-7789

Featured Neighborhood: Manor North in Alpharetta, GA

Saturday, 18 July 2015 19:40
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manor-north-estate-homes-cherokee-county-alpharetta-ga-561Starting in the low $500’s, Manor North is located in Northern Alpharetta and is part of the Cherokee County School System.  This gated community treats residents to an upscale country club lifestyle with a variety of luxurious, open floor plans that feature several “master on main” ranch designs.

Located within close proximity to a wide variety of parks, as well as a host of shopping and dining opportunities—to include The Collection at Forsyth and Avalon—this stunning neighborhood also features convenient access to GA-400 and the Manor Golf & Country Club.

With six floorplans to choose from—ranging from 4-5 bedrooms—the homes themselves feature elegance around every corner, with 10-foot ceilings, crown molding, and hardwood flooring, as well as granite countertops, stainless steel appliances, and a variety of unique architectural details.

 

manor-north-estate-homes-cherokee-county-alpharetta-ga-54HOUSING FEATURE HIGHLIGHTS

Open Floor Plans w/ Exceptional Natural Lighting

Wood or Iron Stair Balusters, Stained Oak Railing

Chair Rail & Wainscot in Dining Room and Foyer

Moen Oil Rubbed Bronze or Stain Nickel Lighting Fixtures

42” Direct Vent Gas Fireplace w/ Custom Mantle & Surround

Recessed Kitchen Lighting

manor-north-estate-homes-cherokee-county-alpharetta-ga-43Spacious Walk-In Closets

Double Vanities in Master Bath

 Outside Deck w/ Stairs to Concrete Patio

Professional Landscape Package w/ Zoned Irrigation

 

SCHOOLS

Free Home Elementary

Creekland Middle School

Creek View High School

King’s Ridge Christian School

manor-north-estate-homes-cherokee-county-alpharetta-ga-40St. Francis School

Chandler Academy

 

HOSPITALS

North Fulton Regional Hospital

Emory Johns Creek Hospital

Northside Hospital (Atlanta)

Northside Hospital (Forsyth)

Scottish Rite Children’s Hospital

Why You Need a Realtor When Buying New Construction

Saturday, 11 July 2015 18:30
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new-constructionAs the economy has improved, so too has the construction of new homes.  What were once sad, empty parcels of land are now beautiful new developments, so it’s no surprise that sales in these neighborhoods have increased as buyers have returned to the market.

Building your dream home can be exhilarating, especially if given the opportunity to not only pick your lot and layout, but everything from your interior finishes to your upgrades as well.  While today’s homebuilders work hard to make the process as easy as possible for potential buyers, it’s still important to remember that purchasing a home involves a large financial transaction that can have an abundance of financial implications if handled incorrectly.

Therefore, while most new housing developments have their own agents on site to assist future homeowners in procuring a home, it’s still extremely important for buyers to maintain their own representation as well.

BUILDER REPS HAVE AN OBLIGATION TO THE BUILDER—NOT YOU.

While builder reps help detail things like the difference between various models and floorplans, as well as upgrades and available financing, it’s imperative to remember that those reps are still contractually obligated to place the interests of the builder first.  Therefore, in order to be sure that your total wellbeing is given priority, buyers should seriously consider utilizing the services of an experienced Realtor who can make sure their wants and needs are placed at the forefront of the deal.

While you may think that you can easily go forth without an agent, especially in the hopes that the builder will negotiate the 3% agent fee back into your pocket, the reality is that they’ll probably keep it unless you have the representation of a Realtor who can research how much negotiating can be done.  Without this outside assurance, chances are good that you may find yourself over paying for your property.

FIDUCIARY RESPONSIBILITY.

Real estate transactions involve a good deal of paperwork and legal considerations which can be difficult to navigate if you are not completely sure how the process should work.  If you’re making the decision to spend hundreds of thousands of dollars on a home, you need to make sure that someone is looking out for your best financial interest.  A Realtor will not only be contractually obligated to protect you, but can help you navigate the various clauses, riders, and upgrade options embedded in the final new-construction contract.

SMOOTH NEGOTIATION PROCESS.

Part of the buying process involves the negotiation of terms, upgrade options, and closing costs, as well as selecting the best financing for your needs.  A Realtor will be able to present other attractive options for financing or will be able to work directly with the builder’s lender to secure a better rate for your mortgage.

A GUIDING HAND FROM SEARCH TO CLOSE.

From here, it’s important to remember that buying a new home is more than the fun process of selecting your finishes and signing on the dotted line.  It also involves everything from working with title companies to attending numerous inspections, so it’s worth having a Realtor on your side who can manage the overall process and ensure you’re not missing anything before the home is completely yours.

Therefore, if you’re in the market for a new home and would like some help navigating the waters, I’d love to make my services available.  Please call me for more information or to set up a meeting.

Marie Dinsmore | The Dinsmore Team | www.DinsmoreTeam.com | 770-712-7789

The Legalities of Selling a Home: What You Need to Know

Saturday, 27 June 2015 16:33
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Dont-Sell-Your-House-Before-Talking-with-Colorado-Springs-Bankruptcy-Lawyer-Bob-DoigWhen most people think of preparing their home for the market, they think of things like selecting the right real estate agent and proper staging.  However, there’s more to getting your house in order than esthetics.

Plain and simple, selling your home involves a large amount of money, which means it also involves a sizeable amount of legal regulations that will dictate how the course of your sale will progress.  While each seller may have a different reason for marketing their home—divorce, financial troubles, the need for more/less space—protecting yourself from the snares of the selling process is important.

To get you started, here are four steps you can take to avoid some of the common legal missteps of selling a home.

REMEDY ALL DEBTS, ENCUMBRANCES, AND LIENS

Prior to settling with a buyer, you’ll need to make sure that you’ve resolved any debt that your property may have incurred.  While the outstanding amount may vary greatly depending upon the homeowner, one thing is for certain: the lienholder will get their money.

Therefore, if you are dealing issues such as a civil court judgement, missed child support payments, unpaid debts, or missed homeowner’s association dues, you’ll need to either pay what you owe or expect that the amount will be deducted from your final sale proceeds on the day of closing.

JOINT TENANTS MUST BE ON THE SAME PAGE

If you’re dealing with a property that has more than one owner—which may be the case if you’ve inherited the property—your options for selling are somewhat narrow.  Plain and simple, everyone needs to be on the same page regarding how the proceeds will be split, so you must get consent from all of the owners before the sale.  While each state has different regulations regarding how this must be done, suffice it to say that gathering consent can turn into a lengthy and expensive legal process.

Divorce can also be another example of a joint sale of a home, especially if it was owned through joint tenancy.  In this instance, both owners will need to sign the transfer deed over to the new owners and must agree to spit the proceeds accordingly.

HOME SALE AGREEMENTS

If you’re in a situation where you’re unmarried and living with a domestic partner, it’s important to understand that, in the U.S., property and ownership rights are not necessarily guaranteed.  Therefore, in order to encourage a smooth sale process, it’s important to create a home sale agreement in advance which will clearly set the contract terms for the profit division after the sale.

To accomplish this, make a point to sit down with your partner and establish the current financials of the property, which should include any and all outstanding debt, as well as your asking price and bottom line offer threshold.

While this conversation may feel slightly uncomfortable, taking the time to discuss ownership expectations—including everything from upkeep and improvements to monthly payments and sweat equity—will make the entire selling process go a lot smoother.

From there, it’s important to utilize the services of an experienced attorney (if you haven’t already done so) who can draft a home sale agreement which establishes things like proceed allocations, debt responsibilities, and other terms that require agreement.

GATHER THE NECESSARY PAPERWORK

While this aspect may seem like a bit of a no-brainer, it’s worth stating that gathering any and all important home documents will make sure you’re really ready to sell.

Include things such as:

  • Deed
  • Evidence of encumbrances, liens, judgements, etc.
  • Appraisals
  • Repair Documentation
  • Real Estate Agreements

At the end of the day, while it would be nice to assume it’s entirely possible for everyone to have a clean debt/legal history before selling their home, that’s simply not reality.  Therefore, if you’re dealing with a less than perfect past, make a point to clean up what you can, gather everything in writing, and surround yourself with a team of experts who can help you through the process.

If you’d like some assistance, please contact me.  I’d love to help you along the way.

Marie Dinsmore | The Dinsmore Team | www.DinsmoreTeam.com | 770-724-7789

Sell Your Home Faster with These No-Cost Tips

Friday, 12 June 2015 14:18
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10_Simple_Home_Staging_Tips_Every_Seller_Should_KnowPurchasing a new home can be both exciting and exhilarating.  Filled with promises of new beginnings and fresh starts, the process can actually be quite fun.  However, while you might be in a hurry to imagine your life in new surroundings, the downside of the equation is that you still have to close on your existing home.

If you’re looking to move sooner rather than later, waiting all summer to get an offer on your current residence might hurt your plans, so it’s important to do everything you can to reduce your home’s time on the market.  Therefore, according to a study conducted by the Real Estate Staging Association, homes that were staged before being listed received an offer within an average of 23 days, which is 87% faster than those that went months after listing before staging.

Still, finding the money to stage your home may be a bit of a stretch, so here are five FREE things you can do to get the job done.

FIND YOUR INNER NEAT FREAK – OR ENLIST THE HELP OF SOMEONE WHO CAN.  Whether you’re already extremely tidy or you have a friend who is a master of organization, it’s time to declutter your way to a speedy closing.

Sure, it’s one thing to simply shove everything into a closet but it’s another to turn your space into an open, pleasing oasis.  Start by tackling common junk areas such as magazine racks, fireplace mantels, kitchen and bathroom counters, and tabletops, and streamline those closets while you’re at it.  Buyers want lots of storage and BIG closets, so the less things clogging them up, the better.  Potential homeowners will want to see how much space is in there for THEIR stuff, not how much of your stuff can fit in the space.

SHOULD THAT COUCH REALLY GO THERE?  Once you’ve taken the time to purge your home of disorganization and clutter, make a point to stop and look at the big picture.  Your house should invite buyers to sit and stay a while, so if they can’t walk through your space without zigzagging through the room or bumping into furniture, it’s time to rearrange a few things.

Start by putting excessively bulky or unneeded items in storage and moving things away from the walls.  Sure, you might have kept Aunt Mildred’s favorite chair out of obligation and nostalgia, but if it’s only taking up space, consider removing it from the home for a bit.  Plain and simple, buyers want to walk in and see an open—yet cozy—space that invites family bonding, so the furniture should be placed in a way which begets this vision.

If, at the end of the day, you simply have no idea where to begin, you can always utilize the services of an experienced agent (free of charge with no obligation), who can walk through your home and help you rearrange things to produce the correct effect.

CLEAN, CLEAN, AND THEN CLEAN SOME MORE.  Taking the time to clean your home before a showing should be common sense, but while many people understand the importance of presenting a fresh house, most underestimate how clean it should actually be.

At the end of the day, selling your home involves a large amount of money, so buyers want to see more than your standard tidy-up.  Preparing your property for the real estate market involves all of those minute details and corners, such as ceiling fans, baseboards, window blinds, and tile grout.  Additionally, don’t forget to clean your windows both inside AND outside.  You’ll want to let in as much light as possible, so make sure they’re nothing short of squeaky-clean!

SET THE TABLE.  The top thing buyers want from a home is to picture themselves living in it, so you need to put an effort into making sure they can do that.  You can start by setting the kitchen and/or dining room table, since nothing represents family life quite like a beautifully staged dinner table.

To set the right mood, arrange your dinnerware like you’re preparing for a big holiday such as Thanksgiving or Christmas.  Bring out your good china and linens, but keep things slightly simple by setting 2-4 places and adding a decorative centerpiece.

LET THE OUTSIDE COME IN.  I’ve said it before, but it’s worth repeating.  Most of us appreciate the beauty of the outside world, especially when it’s in full bloom.  So, make a point to fill your home with favorite picks from your garden such as roses, zinnias, peonies, lilies, or fresh fruit and vegetables.  If you’re short on vases, utilize the services of that old antique pitcher or Mason jar stashed in your cabinet.

If you’d like to learn more tips and tricks or would simply like some advice on where to begin, I’d love to offer my services, free of charge.  Please contact me!

Marie Dinsmore | The Dinsmore Team | www.DinsmoreTeam.com | 770-712-7789