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Should I Take My Home Off the
Market During the Holidays?
When
you look at your calendar you may
find the months already overloaded
with seasonal obligations --
shopping, entertaining, children's
pageants, charity work, decorating
the house, and so much more. If you
are also trying to sell your home,
you are under extra pressure to keep
your home in "showtime" condition.
And that could be the last thing you
need before the holiday spirit is
broken.
It is understandable why you
would be tempted to take your home
off the market during the holidays.
And the list of justifications is
long. If you are too busy, buyers
may be also, and you may find your
efforts unrewarded with not enough
showings.
And what if you do get an
offer? You may be faced with the
possibility of packing and moving
during the busiest time of the year.
Besides, you can give your house a
rest, and it will have better
momentum after the holidays. Better
to
CONTINUED >>>
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Metro Atlanta
Report: A Glimmer of Good News
There is actually a glimmer of good news
to report this month. There were 4,185
closings for all single family in
October. This was another large
year-to-year decrease, 31.0%, but after
lags (late reported) are reported
October may exceed September’s result.
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Average Selling Price |
Average Sale to Listing Price |
Average Days on the Market |
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David
Gibbard |
$309,663* |
99.51%* |
34.5
Days* |
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Top 6 Agents (average) |
$282,079 |
96.54% |
77.9 Days |
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Difference |
$27,584 |
2.97% |
43.4
Days |
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Well Know TV & Radio Ad Agent
(applying for a job to be your realtor) |
$264,373 |
99.19% |
106.6 Days |
* Not one of the top 6 agents out performed
David Gibbard’s sales results in any category.
Data Source: First Multiple Listing Service
(FMLS)
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How to Handle Low Ball Offers
If
your house has been on the market for quite a
while, you may have already dropped your price
and now you're waiting for the buyers to rush in
and make wonderful offers on this now-priced
right property. And then it happens.
The lone buyer does appear, like a bandit
in the night and offers you even less than what
you just agreed to. Quite a bit less -- about 10
percent less. So on your $350,000 house, that
you just dropped to $324,000, you now have an
offer for $299,000. With a seller subsidy
request of $5,000. At this point, your net is
$294,000.
So how do you handle such a low-ball
offer. Well, first of all -- don't panic, get
angry or lose sleep. Especially, don't reject
the offer right off the bat and tell them to
come back when they're serious. Remember, it's
now a negotiation game and the buyer IS serious
or he or she would not have made an offer.
Several things have happened before this
offer came in. The buyer, with his agent, has
researched the market,
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Keeping Your Credit Clean
Many
homebuyers frequently wonder, "If I am shopping
for a home loan will my credit be affected each
time a credit report inquiry is made?"
It's a logical and intelligent question to
ask; the answer is: not significantly, if the
credit checks are done in a short period of
time.
When a credit check is made by a potential
lender it is called a hard inquiry. When a hard
inquiry occurs it does have an impact on your
credit score. However, when you're shopping for
a mortgage or a car loan, credit bureaus
typically cluster the hard inquiries together
because the credit reporting bureaus understand
that the consumer is shopping for the best loan.
"So for example, if you're shopping for a
new mortgage and three potential lenders pull
your credit score within three weeks, that is
looked at as one inquiry for that purpose," says
Steven Katz a spokesperson for TransUnion's
TrueCredit.com.
Keeping your credit clean is critical.
Katz offers the following advice to help ensure
healthy credit.
One card you should not carry. Leave your
Social Security card at home. "There is
basically no reason that you need to carry that
with you," says Katz.
Most people have their Social Security
card number memorized. If
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New Monthly
Feature: Forsyth County, North Fulton and West Gwinnett
Real Estate Report
Homes
in Forsyth County saw the annual average sale price
remain relatively flat from $306,987 in October 2006 to
$305,678, in October 2007. That is consistent with home
sale prices throughout the entire metro Atlanta area,
which decreased only 0.3% from October 2006 to October
2007. Average home values in North Fulton dropped from
$407,967 in October 2006 to $389,043 in October 2007 a
5% decrease, while West Gwinnett also saw an annual
average home value decrease from $289,502 in October
2006 to $284,674 in October 2007 a decrease of 2%.
Actual home sales in Forsyth County dropped 27%
compared to October 2006, which is 4% better than the
metro Atlanta real estate sales. North Fulton home sales
dropped 28% while West Gwinnett home sales dropped only
2% over the same time last year.
New home builders made a come back by offering
significant price reductions in October. In Forsyth
County new home inventory dropped from last month of
13.6 months of new home inventory to this month of 9.6
months of new home inventory. The average selling time
increased from of 133 days to 144 days. Resale home
inventory in Forsyth County went from of 9.4 months of
resale home inventory last month to 9.6 months of resale
home inventory this month with an average selling time
of 69.3 days last month compared to 70.4 days this
month. North Fulton new home inventory increased from 18
months of new home inventory last month to 19.9 months
of new home inventory this month with an average selling
time changing from 153 days to 156 days. Resale homes
inventory in North Fulton went from 7.05 months of
resale home inventory last month to 7.15 this months
with an average selling time of 104 days.
The doom and gloom data for residential real estate
and the negative media real estate hype just does not
match the real estate market conditions in Forsyth
County, North Fulton and West Gwinnett.
For the supporting charts
and additional information
click here >>>.
If you would like to
receive and in-depth analysis of the Forsyth County,
North Fulton and West Gwinnett real estate market,
including an analysis by price range (the numbers vary
significantly based on price range) call our
pre-recorded toll free order hotline at 877-411-9264 ID
# 1625 or you can order it only line at
www.ATLMLSdata.com.
Daily News and Advice
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