Atlanta Metro Realtors

Educate Yourself on Short Sale Benefits

2012-01-20T14:06:00.004-05:00

Don't wait for a foreclosure notice to begin the short sale process.

Start now.

It could mean up to $3,000 in relocation assistance for borrowers serviced by Bank of America.

Bank of America has worked with investors to develop short sale programs in which details of the sale are agreed upon before listing the home. Agreeing to these terms early creates transparency and speeds up the process. Based on the investor, the following benefits may also be available:

Pause in the foreclosure process
Up to $3,000 in relocation assistance for you, the homeowner
Deficiency waivers that provide peace of mind
An upfront, agreed-upon list price

Ask Elegance Realty for Bank of America's Home Transition Guide, which will help you understand Short Sales, Deed in Lieu of foreclosure, and Relocation assistance.

Gwinnett County, Georgia's HOMEStretch & NSP

2011-05-16T11:11:00.002-04:00

In case you decide to buy in Gwinnett, here's a link for the Gwinnett County HomeStretch program: http://www.theimpactgroup.org/uploads/INITIAL_INFORMATION_for_Waiting_List-1-6-10.pdf

Their phone number is 770-822-5190. I am being told that they have run out of 2010 funds and are awaiting their 2011 funds, but they do have a waiting list with 25 people on it so far. They recommend that you email (homestretch@gwinnettcounty.com) and request their "Program Package" and also to be added to the waiting list. Call and discuss your projected timeframe for purchase, because there is an expiration date for the Certificate of Completion, so you don't want to do it too many months in advance of when you actually plan to buy.

This program doesn't have a list of preferred lenders, so you can use whomever you like.

And Gwinnett also has an NSP (Neighborhood Stabilization Program). The phone number is 770-822-5424. This program uses grant money to rehab existing foreclosures in the County, and then sells them back to you move-in ready.

The more info you begin to gather and start filling out apps, the better chances you have of getting money.

How Do I Apply for a Loan Modification?

2011-05-11T14:16:00.000-04:00

If you are experiencing financial difficulties or if you anticipate that you will experience financial issues in the near future and want to be considered for a possible loan workout solution, the following documents are typically required to be submitted.

The servicer (lender) will contact you in writing to obtain the following documentation if you pre-qualify for a loan modification. This information will be used to verify your eligibility for a modification.

Completed and signed Request for Modification and Affidavit (RMA)
Completed and signed IRS Form 4506-T
Completed and signed Dodd-Frank Certification (required for HAMP modification only)
Copies of your two most recent pay stubs showing year-to-date earnings
Completed quarterly or year-to-date profit and loss statement (if self-employed)
Award letter stating amount, frequency, and duration of your Social Security, disability or death benefits, pension earnings, adoption assistance, or public assistance and bank statements for two months showing receipt of payment (if applicable)
Copy of divorce decree, separation agreement, other written agreement filed with the court, or decree that states the amount and period of time over which alimony, child support, or separation maintenance will be received and bank statements for two months showing receipt of payment (if applicable and you choose to have it considered)
Copy of the lease agreement for rental income and proof of rental payment for two months (if applicable)
Signed copy of your recently filed federal tax return including all schedules
Copy of recent utility bill or homeowners insurance policy
Copies of your two most recent personal bank statements
Proof of homeowners association dues (if applicable)

Important Message for Chase Mortgage Borrowers from NACA CEO

2011-05-10T22:38:00.004-04:00

This is a crucial message and a very exciting update for all Chase mortgage borrowers. NACA has resolved its issues with Chase and Chase is now committed to working with NACA to provide affordable mortgage solutions for all Chase borrowers. Congratulations to all the Chase borrowers who have been active in NACA’s Chasing Chase campaign and who have stayed with NACA during this time period. NACA appreciates the new partnership with Chase and its renewed commitment to provide long-term affordable solutions.

The first step for Chase borrowers begins at NACA’s Save-the-Dream event in Columbus Ohio from Friday May 13th through Tuesday May 17th. Chase will meet face-to-face with all the attending Chase borrowers to provide affordable solutions often on the same day. NACA Negotiators will be there to assist you. We strongly encourage all Chase borrowers to attend the Columbus Save-the-Dream event. If you are not able to attend Chase will be reviewing most files within the next thirty days.

We will be in contact with all Chase borrowers. If you have a scheduled auction date, you need to complete the auction information, so we can work to stop the sale of your home while we advocate on your behalf. As you can see, NACA, including myself, will do all we can to help you save your home since we know the consequences are devastating and it’s so personal. If at all possible, you should make every effort to attend the Columbus, Ohio NACA Save-the-Dream event and meet directly with Chase to get your mortgage lowered to the affordable payment.

Maintaining the fight for affordable homeownership,

Bruce Marks
NACA - CEO

P.S. Remember to do your part by getting the word out about NACA so that we can assist many more people by having them attend a Save the Dream Event. At the Events, all the major lenders and investors participate and many homeowners get same day solutions saving $500 and sometimes over a $1,000 a month in their mortgage payments. Go to our website for the next Save-the-Dream events. (Click here for NACA's Website). The next events are in Raleigh North Carolina May 12 – 15 and Columbus Ohio May 13 – 17.

Important Information on HAMP, HARP, HAFA, HAUP, H4H Programs to Assist Homeowners

2011-05-08T12:23:00.016-04:00

Elegance Realty is providing information about the government sponsored Home Affordable Modification Program (HAMP), the Home Affordable Refinance Program (HARP), the Home Affordable Foreclosure Alternatives (HAFA), and FHA's Hope for Homeowners (H4H) Refinance Program. You can investigate your eligibility for these programs.

Loan modification information
Loan refinance information
HAUP information
HAFA information
H4H refinance program information

Making Home Affordable Plan

Do you meet the Plan’s eligibility requirements?

For your convenience, we have provided the eligibility requirements for the President’s loan modification plan below. You can also check the Making Home Affordablewebsite for information.

Eligibility information for the Home Affordable Modification Program (other eligibility conditions apply)

Loan originated on or before January 1,2009
First-lien loans with an unpaid balance of up to $729,750 for single-unit properties; this balance may be higher for properties with up to 4 units
Owner-occupied properties only (property owner occupancy status will be verified through use of credit report or other documentation, no investor owned, vacant, or condemned properties)
Program is open until December 31, 2012. Loan can only be modified once under this program.
Three-month trial period before loan can be modified, and the borrower must be current under the trial at the end of the 3-month period.
Incentives available to borrowers who make payments on time (Up to $1,000 to reduce principal each year for up to five years)
* If you do not meet the eligibility for the Home Affordable Modification Program, ELEGANCE REALTY has other solutions that we may be able to offer you. Possible Solutions

Steps you can take

If you are behind in your payments or struggling to keep current and have not yet contacted us, please call 678.757.KEMI. After we receive your inquiry, we will review your payment options to protect your home. Request a checklist of required documents.

If a foreclosure sale is scheduled to be held on your property within the next 30 calendar days, you must send the Initial Package to us at 8314 Madison Drive, Atlanta, GA 30346, by certified mail (return receipt requested), Express Mail, or some other confirmable method of delivery no later than 7 business days prior to the date the foreclosure sale is scheduled to take place. The Initial Package must be properly completed and signed and must include all documentation necessary to fully validate your income and expenses. The required income documentation, if not more than 90 days old upon our receipt of the Initial Package, may be used to validate your income. If you do not have the required documents or have questions about what documentation is required, please call us immediately at 1-678-757-KEMI. Your failure to comply with these instructions will likely result in the continuation of any pending foreclosure sale.

If you are uncertain about the state of your finances and think you might benefit by working with a debt counselor to restructure your non-housing expenses, please visit www.hud.gov for the names of HUD-approved housing counselors in your area.

Their services are free to you and we work directly with many of them. However, beware of any company or person that offers to represent you in an attempt to obtain a loan modification from us and charge you a fee, especially if you are asked to pay any money in advance.

Eligibility information for the Home Affordable Refinance Program (other eligibility conditions apply)

If you are current on your mortgage and your loan is owned or guaranteed by Fannie Mae or Freddie Mac, you may be able to refinance into a lower rate under the Home Affordable Refinance Program. This program, which is part of the Making Home Affordable Program, provides expanded financing opportunities for homeowners who have been impacted by decreasing home values. ELEGANCE REALTY is pleased to offer this option to interested homeowners through a strategic alliance with a national mortgage lender.

Visit the refinance eligibility section of the Making Home Affordable website to determine if your loan is eligible. Please note: this site helps you determine if you are eligible based upon attributes of your existing loan. You must still qualify for the new refinance through a standard application process once eligibility has been confirmed. If you determine you are eligible, please call ELEGANCE REALTY at 1-678-757-KEMI and ask about the Home Affordable Refinance application process.

For more comprehensive information about the Home Affordable Modification Program, or Home Affordable Refinance Program please visit: www.makinghomeaffordable.gov.

Home Affordable Unemployment Program (HAUP)

The Home Affordable Unemployment Program (HAUP) is a supplemental program to the government sponsored Home Affordable Modification Program (HAMP) which provides assistance to unemployed borrowers who are not behind on their mortgage by more than three consecutive monthly mortgage payments. HAUP grants temporary relief to qualified unemployed borrowers in the form of reduced monthly mortgage payments. This new program consists of a minimum three (3) month Forbearance Period during which the borrower will make reduced monthly mortgage payments. Upon re-employment or at the expiration of the Forbearance Period the loan will be evaluated for a HAMP modification.

Initial eligibility information for HAUP (other eligibility conditions apply):

You must be no more than 90 days delinquent at the time you request HAUP assistance.
The mortgage must be a first lien mortgage, originated on or before January 1, 2009.
First-lien loans with an unpaid balance no greater than

o 1 unit - $729,750
o 2 unit - $934,200
o 3 unit - $1,129,250
o 4 unit - $1,403,400,

The mortgage must be the homeowner’s principal residence.
The mortgage has not been previously modified through a Home Affordable Modification and the borrower has not previously received a HAUP Forbearance Period.
The homeowner is either behind on payments (but not by more than three consecutive months) or it is reasonably foreseeable that the homeowner will fall behind on mortgage payments.
The total monthly mortgage payment is greater than 31 percent of the homeowner’s gross monthly income. If the payment is less, it is up to the servicer’s discretion if they will offer the program to the homeowner. The borrower’s monthly Forbearance payment will be calculated based on the borrower’s currently monthly income.
The homeowner will be unemployed at the start of the forbearance period, and is able to document that they will receive unemployment benefits or have been receiving unemployment benefits at commencement of the Forbearance Period.

Steps you can take

To learn more about HAUP, please call 678.757.KEMI or visit http://makinghomeaffordable.gov/pr_05112010.html

Home Affordable Foreclosure Alternatives (HAFA)

The HAFA program is part of HAMP and provides liquidation options to borrowers who can no longer afford to stay in their homes. HAFA provides liquidation options that allow you to gracefully exit your property and avoid costly foreclosure.

HAFA provides the option of a short sale (that is where we will allow to list and sell your property for less than the total amount due on the first mortgage) or a deed-in-lieu of foreclosure (that is, where you will voluntarily transfer ownership of your property to us provided that title is free and clear of mortgages, liens and encumbrances). Upon successful completion of either HAFA foreclosure alternative, you will receive a full release from your first lien mortgage.

Initial eligibility information for HAFA (other eligibility conditions apply)

• Loan originated on or before January 1, 2009,
• First-lien loans with an unpaid balance no greater than

o 1 unit - $729,750
o 2 unit - $934,200
o 3 unit - $1,129,250
o 4 unit - $1,403,400,

Owner-occupied properties only (property owner occupancy status will be verified through use of credit report or other documentation, no investor owned, vacant, or condemned properties),
Current adjusted monthly mortgage payment debt to income ratio (DTI) is greater than 31%.

Steps you can take

To learn more about HAFA please call 678.757.KEMI, or visit http://www.makinghomeaffordable.gov/hafa.html

Income verification documents are required to be considered for HAFA. Request a checklist of required documents.

Eligibility information for Homeowners (H4H) Refinance Program (other eligibility conditions apply)

You may be eligible for an H4H refinance if all of the following are true:

Your current loan must be a first-lien mortgage opened before January 2, 2008.
You must have made at least 6 full payments on your current mortgage loan.
You must occupy the property that secures your mortgage as your primary residence.
The property that secures your mortgage must not be improved by more than 4 dwelling units.
You must not own any other residential real estate, such as a rental property or second home.
The owner of your existing mortgage must permit principal forgiveness. You can contact ELEGANCE REALTY at 678.757.KEMI to determine if the owner of your loan permits principal forgiveness.
Your refinanced loan amount will not exceed $550,440.

For more comprehensive information about FHA's Hope for Homeowners (H4H) Refinance Program, please visit www.fha.gov. For a list of participating lenders that can help you pursue the HOPE for Homeowners program, please visit List of Lenders Who Are Participating in the Hope for Ownership (H4H) Program.

Important Information on HAMP, HARP, HAFA, HAUP, H4H Programs to Assist Homeowners

2011-05-08T12:23:00.002-04:00

Making Home Affordable Plan

Loan modification information
Loan refinance information
HAUP information
HAFA information
H4H refinance program information

Eligibility information for the Home Affordable Modification Program (other eligibility conditions apply)

• Loan originated on or before January 1,2009
• First-lien loans with an unpaid balance of up to $729,750 for single-unit properties; this balance may be higher for properties with up to 4 units
• Owner-occupied properties only (property owner occupancy status will be verified through use of credit report or other documentation, no investor owned, vacant, or condemned properties)
• Program is open until December 31, 2012. Loan can only be modified once under this program.
• Three-month trial period before loan can be modified, and the borrower must be current under the trial at the end of the 3-month period.
• Incentives available to borrowers who make payments on time (Up to $1,000 to reduce principal each year for up to five years)

* If you do not meet the eligibility for the Home Affordable Modification Program, ELEGANCE REALTY has other solutions that we may be able to offer you. Possible Solutions

Eligibility information for the Home Affordable Refinance Program (other eligibility conditions apply)

For more comprehensive information about the Home Affordable Modification Program, or Home Affordable Refinance Program please visit: www.makinghomeaffordable.gov

Home Affordable Unemployment Program (HAUP)

Initial eligibility information for HAUP (other eligibility conditions apply):

• You must be no more than 90 days delinquent at the time you request HAUP assistance.
• The mortgage must be a first lien mortgage, originated on or before January 1, 2009.
• First-lien loans with an unpaid balance no greater than

1 unit - $729,750
2 unit - $934,200
3 unit - $1,129,250
4 unit - $1,403,400,

• The mortgage must be the homeowner’s principal residence.
• The mortgage has not been previously modified through a Home Affordable Modification and the borrower has not previously received a HAUP Forbearance Period.
• The homeowner is either behind on payments (but not by more than three consecutive months) or it is reasonably foreseeable that the homeowner will fall behind on mortgage payments.
• The total monthly mortgage payment is greater than 31 percent of the homeowner’s gross monthly income. If the payment is less, it is up to the servicer’s discretion if they will offer the program to the homeowner. The borrower’s monthly Forbearance payment will be calculated based on the borrower’s currently monthly income.
• The homeowner will be unemployed at the start of the forbearance period, and is able to document that they will receive unemployment benefits or have been receiving unemployment benefits at commencement of the Forbearance Period.

Steps you can take

To learn more about HAUP, please call 678.757.KEMI or visit http://makinghomeaffordable.gov/pr_05112010.html

Home Affordable Foreclosure Alternatives (HAFA)

Initial eligibility information for HAFA (other eligibility conditions apply)

• Loan originated on or before January 1, 2009,
• First-lien loans with an unpaid balance no greater than

1 unit - $729,750
2 unit - $934,200
3 unit - $1,129,250
4 unit - $1,403,400,

• Owner-occupied properties only (property owner occupancy status will be verified through use of credit report or other documentation, no investor owned, vacant, or condemned properties),
• Current adjusted monthly mortgage payment debt to income ratio (DTI) is greater than 31%.

Steps you can take

To learn more about HAFA please call 678.757.KEMI, or visit http://www.makinghomeaffordable.gov/hafa.html

Income verification documents are required to be considered for HAFA. Here is a checklist of required documents.

Eligibility information for Homeowners (H4H) Refinance Program (other eligibility conditions apply)

You may be eligible for an H4H refinance if all of the following are true:

• Your current loan must be a first-lien mortgage opened before January 2, 2008.
• You must have made at least 6 full payments on your current mortgage loan.
• You must occupy the property that secures your mortgage as your primary residence.
• The property that secures your mortgage must not be improved by more than 4 dwelling units.
• You must not own any other residential real estate, such as a rental property or second home.
• The owner of your existing mortgage must permit principal forgiveness. You can contact ELEGANCE REALTY at 678.757.KEMI to determine if the owner of your loan permits principal forgiveness.
• Your refinanced loan amount will not exceed $550,440.

Licensed General/Repair Contractors Needed for REO Properties

2011-04-21T19:25:00.002-04:00

Elegance Realty is currently working to build another area of our business, and we’re looking for service providers in the Atlanta metro to increase our provider base. We have a current endeavor that should be breaking in the coming weeks and months where we are looking for licensed general/repair contractors to visit REO properties and provide repair bids.

-If you can refer us to a general/repair contractor who you know would like to sign up to be a service provider/general contractor for us, please forward them this blog article and ask them to please E-mail us.

-Please email us back for further instructions.

We THANK YOU for your help in this area. Please feel free to EMAIL us back with any questions that you may have regarding this initiative.

Down Payment Assistance Programs, Mortgage Products for Today's Market

2011-04-17T17:21:00.005-04:00

Georgia Dream made Simple: BIG CHANGES!
Selling Homes in the City of Atlanta- Increased Income limits!
Fulton County Down Payment Assistance - Learn what homes qualify
CCNSP Houses
Gwinnett County has Down Payment Assistance!
Dekalb County Down Payment Assistance
Welcome Home Program - up to $5000 available
Housing Counselors to have smooth transactions
FHA Updates- New Guidelines April 1, 2011
Fannie Mae Homepath Mortgage & Renovation $$$

Contact me (678-757-KEMI) if you want more information.

The Georgia Dream Program

2011-04-15T16:20:00.005-04:00

What is the Georgia Dream NSP Program:

The Georgia Dream NSP Purchase Program was created to encourage the purchase of foreclosed properties. Funds utilized are an allocation of federal dollars received by the Department of Community Affairs from the Housing and Economic Recovery Act of 2008.

The program provides $14,000 to eligible borrowers purchasing foreclosed properties in eligible areas. Funds are disbursed in the form of a second mortgage lien with no interest and no monthly payments. The lien is released over a period of five years and six months. Funds may be used for required repairs and/or down payment assistance.

How do I apply?

All buyers must receive eight hours of in-person home buyer education/counseling provided by a HUD-approved housing counseling agency.

Contact a Georgia Dream participating lender for pre-qualification and to begin the mortgage loan process. The lender will evaluate your credit worthiness based on FHA or VA guidelines and your qualifications for the program based on the Georgia Dream NSP Down Payment Program guidelines.

Frequently Asked Questions:

How do I locate a Georgia Dream participating lender?
Click here and choose your area of the state for a list

How do I locate a HUD approved Home Buyer Education provider?
Click here for a list

May I take home buyer education online?
No. This program requires attendance at a home buyer seminar or face to face counseling.

Can I buy a home anywhere in Georgia?
No. You must purchase a foreclosed property in an area of greatest need. Need was determined by the volume of foreclosed properties in a county. Click here to view the map of eligible counties.

Are there income limits?
Yes. Eligible borrowers must have a total household income less than 120% of the area median income. Click here for the maximum income limit in each of the eligible counties.

Are only first time home buyers eligible for the Georgia Dream NSP program?
Applicants do not have to be first-time home buyers and they are not prohibited from owning other residential real estate. However, the applicant must occupy the NSP financed property as his or her primary residence within 60 days of closing. Any rental income generated from the ownership of other residential real estate would have to be counted as household income for NSP qualification purposes.

I would like to use the $8000 federal tax credit as part of my down payment. Can DCA include this amount in my mortgage loan?
No. DCA does not have a mechanism in place to monetize the federal first time home buyer tax credit for use as a down payment.

Can I use other down payment funds in conjunction with this program?
No. Unlike the traditional Georgia Dream down payment programs, the Georgia Dream NSP program cannot be combined with other down payment assistance programs.

What interest rate will I pay on my first mortgage loan?
The first mortgage loan will be a 30 year fixed rate FHA or VA loan originated by your lender within NSP guidelines. The rate will be determined by current market rates and the lenders choice of investor. Georgia Dream first mortgage interest rates apply only when DCA funds the first mortgage loan.

Can I use the Georgia Dream NSP program to purchase a short-sale or a home that is pending foreclosure?
No. the property must have been foreclosed and the title transferred to the mortgage lien holder or an eligible agency. Eligible properties must be owned by HUD, VA, USDA, Bank, Government Entity or an eligible Non-profit.

Can the Georgia Dream NSP program be used to purchase a home that was a foreclosure, but was already rehabbed by an investor making the home move in ready?
Only if the investor used a local government’s NSP program to purchase and rehabilitate the home.

Can I use the Georgia Dream NSP program if I am also using the DCA Housing Choice Voucher Program?
Yes. However, you must use a Georgia Dream participating lender who also participates in the HCV program. Foreclosed properties in need of repair may not be eligible for purchase. When using the HCV program the first mortgage must be a Georgia Dream first mortgage loan and will be serviced by State Home Mortgage. Consult your Rental Assistance Counselor or your participating lender for complete details.

HAFA Short Sales: Much Needed Changes

2011-04-13T10:51:00.000-04:00

HAFA (Home Affordable Foreclosure Alternatives)

In April 2010, US Treasury effectively initiated the Home Affordable Foreclosure Alternative program commonly called HAFA. The program was designed to assist 3 million distressed homeowners avoid foreclosure through short sale. The main purpose of HAFA is to standardize and streamline the short sale process for servicers, lenders and homeowners. The overall effect of HAFA is to play a crucial role in stabilizing American communities while giving homeowners a dignified and graceful exit from an extremely difficult situation. While the HAFA program has great ambition and expectation, in its initial roll out there were many bumps along the way. In response to the difficulties the program has experienced, effective February 1, 2011, US Treasury has made significant changes to HAFA that should greatly improve the effectiveness of the program and many more homeowners will be able to participate in the program.

New changes to US Treasury’s HAFA program:

*Subordinate liens can receive payment up to $6000; servicers are not limited to a 6% cap.

*Servicers must offer SSA within specific timelines.

*No verification of borrower’s financial information needed for HAFA eligibility determination.

*House payments no longer need to exceed 31 percent of income.

*Homeowner’s property may be vacant up to 12 months prior to applying for HAFA.

Down Payment Assistance (DPA) Programs

2011-04-10T00:33:00.009-04:00

There are some DPA (Down Payment Assistance programs) you can find on my blog.

1- You may want to consider NACA and register for their 1/2-day workshop, if you haven't already been. I've sent 2 clients recently. The advantage of NACA is that they are not as credit-score driven as most lenders, and they will pay your down payment, closing costs, etc. If you schedule a 3-hour workshop, you will not likely meet with a loan officer until Aug. or Sep. 2011, based on their backlog. But it's a very informative meeting. My clients were glad they went. I highly recommend it, even if you don't use them to get your loan.

2- Also consider Georgia Dream. They have various stipulations.

3- Gwinnett County also has a program called Homestretch: The Gwinnett County Community Development Program utilizes HOME Program and/or American Dream Downpayment Assistance [ADDI] monies to fund the Homebuyer Downpayment Assistance Program of a non-profit organization, The IMPACT! Group. Details on this program, known as "Homestretch" may be obtained from their Website http://www.theimpactgroup.org or by calling 678-561-5543.

** PLEASE NOTE: AS OF 4/9/11, 2010 Homestretch funds are exhausted for new applicants, and only already approved applicants will be eligible for this program. They are now working on funds for 2011. Please call for updates on this program.

4- Gwinnett County also has another program called NSP (Neighborhood Stabilization Program). NSP was created to help slow the decline of neighborhoods where housing values and conditions are deteriorating due to the presence of foreclosed homes.
A second objective of the NSP is to provide affordable housing to eligible low, moderate, and middle income homebuyers. To address the foreclosure problem, the County uses NSP funds to purchase vacant foreclosed homes in targeted Census Tract Block Groups, makes necessary repairs on the homes, and resells the houses to new homebuyers. The County has received approximately $10.5 million from the United States Department of Housing and Urban Development (HUD) and approximately $3 million of HUD NSP funds from the Georgia Department of Community Affairs (DCA) for this program.
Low, moderate, and middle income homebuyers may be eligible to purchase the NSP homes and receive $22,500 in financial assistance. To qualify as a homebuyer, you must not currently own residential property, including rental housing or vacation home.

In addition, you must:

-Qualify for a 30-year, fixed-rate FHA first mortgage, and
-Complete an eight-hour HUD-approved homebuyers course, and
-Invest one percent of the purchase price towards buying the home, and
-Occupy the home as your principal residence, and
-Meet some income limits.

In Gwinnett County, classes are offered by The IMPACT! Group. For more information, call 678.808.4477.

Click here for a complete list of HUD approved housing counseling agencies.

5- Habitat for Humanity homeowner in Gwinnett County: Gwinnett County Habitat for Humanity constructs affordable housing for sale to low-income families in Gwinnett County. HOME Program funds are awarded to Gwinnett County Habitat for Humanity to assist with the purchase of real property for home construction, to develop building sites for housing, and for downpayment assistance for Gwinnett County Habitat for Humanity homebuyers. The HOME Program funds are loaned to the homebuyers as Deferred Payment Loans where repayment is not required unless the homeowner sells or transfers ownership of the home or fails to occupy the home as their principal residence. More information on Gwinnett County Habitat for Humanity may be obtained from their Website http://www.habitatgwinnett.org or by calling 770-931-8080.

Most of these programs have income limits, and they offer down payments which you DO NOT have to pay back if you stay in the home a certain number of years.

Please Contact me if you want additional information about these down payment assistance programs, or call my office during business hours @ 678-561-5543.

Home Affordable Unemployment Program (UP)

2011-04-08T13:37:00.001-04:00

If you are having a tough time making your mortgage payments because you are unemployed, you may be eligible for UP. UP provides a temporary \ reduction or suspension of mortgage payments for at least three months while you seek re-employment.

Eligibility*
You may be eligible if you meet all of the following:
You are unemployed and eligible for unemployment benefits.
You occupy the house as your primary residence.
You make your request for help before you’ve missed three payments.
You have not previously received an UP forbearance or HAMP modification.
You obtained your mortgage on or before January 1, 2009.
*Eligibility criteria is for guidance only. Contact your mortgage servicer to see if you qualify for UP.

Program Availability
More than 100 HAMP-participating servicers are required to offer UP to eligible unemployed homeowners.
You may be required to make a partial payment not to exceed 31% of your monthly gross (pre-tax) income including unemployment benefits.
You will be evaluated for HAMP at the end of your UP forbearance plan.
UP is not currently available for homeowners with mortgages held by Fannie Mae and Freddie Mac; however, both have their own forbearance arrangements for unemployed homeowners. Please contact your mortgage servicer to see if you are eligible.

For More Information
If you have additional questions about getting mortgage help, contact one of our housing advisors at (888)995-HOPE (4673). These HUD-approved housing counselors will help you understand your options, design a plan to suit your individual situation, and prepare your application. Research shows that homeowners who work with housing counselors like these are more successful and have better long-term outcomes. There is no cost to you for this valuable, around-the-clock service. Help is available in more than 160 languages.

Program Dates
Effective Aug. 1, 2010 – Dec. 31, 2012.

Source: http://www.makinghomeaffordable.gov/programs/unemployed-help/Pages/up.aspx

ATLANTA GA-LICENSED SHORT SALE SPECIALIST (ATLANTA METRO)

2011-04-04T12:55:00.007-04:00

Atlanta Foreclosures and Short Sales
Facing Foreclosure?

WATCH SHORT SALE VIDEO
ASK IF YOU MAY BE QUALIFIED FOR A $3,000 RELOCATION ASSISTANCE CHECK AT CLOSING.

If you are facing difficult times and are behind on mortgage payments or if your lender has contacted you in regards to foreclosing on your home, there are several options, including a short sale. A short sale may be the best way to keep your credit intact (or from getting worse) for future purchases and can usually help you exit from a property without having to pay anything.

Thousands of homeowners in the United States are facing the same challenges as you every single day. Now, more than ever before, there are solutions. Atlanta has one of the highest foreclosure rates in the nation, so don't feel like you're alone. A short sale may be the best way to keep your credit intact (or from getting worse) for future purchases and can usually help you exit from a property without having to pay anything.

Typically, a short sale is conducted to prevent a bank from having to foreclose on a home. Although the lender may ultimately collect less than the amount owed on the mortgage, they will save money by not having to pay attorney's fees, go through an eviction process, make repairs to the home so it is marketable, or have the expense of keeping real estate in inventory. Short sales can be very tricky and time consuming and need to be negotiated with the lender. Elegance Realty specializes in marketing property where a short sale may be a seller's last option before the home is foreclosed on. If you are behind on mortgage payments, have been contacted by your lender about foreclosure, or are considering selling your home to avoid foreclosure, call Elegance Realty about negotiating a short sale for you. We negotiate short sales on behalf of our clients and can usually find a purchaser for your home very quickly. The key to a successful short sale is to call Elegance Realty as soon as possible.

Kemi Salako
Elegance Realty, LLC
Atlanta, GA 30346
678.561.5543
shortsale@AtlantaMetroRealtors.com
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Copyright © 2009-2011 Elegance Realty, LLC, All Rights Reserved.

Disclaimer: The information provided on this website should not be constituted as legal advice.
The content is intended to provide general information about the short sale and foreclosure processes, and should not be acted upon without the counsel of a qualified REALTOR®, attorney, and tax expert.

Blacks Seek New Clout In Once-White Suburbs

2011-03-31T11:14:00.004-04:00

Do you live in the suburbs? Or are you planning on moving to the suburbs? Or do you prefer the city?

WASHINGTON — With more blacks moving from city to suburb, the National Urban League says it is worried states may improperly seek to stem the political clout of African-Americans as they spread into historically white districts.

The leader of the 101-year-old organization also says he is troubled by complaints from big-city mayors such as those in New York and Detroit who contend large pockets of their residents were missed in the 2010 census. Blacks historically have been more likely to be missed in the decennial count and preliminary numbers for 2010 suggest that could have happened again...

Full Story: http://goo.gl/8aZIQ
Source: News One

Gwinnett County HOMEStretch - Standard Down Payment Assistance Program

2011-03-30T01:39:00.001-04:00

Credit and income eligible borrowers looking to buy in Gwinnett County may qualify for a second mortgage of $7,500 to apply toward the down payment (for example, the 3.5% FHA mortgage down payment requirement) and closing expenses on the purchase of their first home (or first home in three years) that does not accrue interest nor require any repayment. Buy inhabitable new or existing construction, standard or foreclosure single-family, condo or townhouse anywhere in Gwinnett County with very little out-of-pocket expenses.

The Gwinnett County HOMEStretch Down Payment Assistance program may be combined with the State of Georgia Down Payment Assistance Program for up to $7,500 in down payment assistance.

Please call 678.561.5543 or E-mail HomeStretch@atlantametrorealtors.com for income limits by household. If you are not working with an agent, please call for more important details.

Gwinnett Neighborhood Stabilization Program (NSP) - Down Payment Assistance

2011-03-30T01:03:00.005-04:00

Credit and income eligible borrowers in Gwinnett County, Georgia may qualify for one of two second mortgages to cover the remaining down payment, closing costs, escrows and other settlement expenses that does not accrue interest nor require repayment until the home is sold, refinanced or is no longer used as their primary residence!

If you are looking to buy a property in Gwinnett County, Georgia, you may qualify for a second mortgage! Gwinnett NSP funds are available only on single family or townhomes owned and rehabilitated by Gwinnett County and is forgiven in either 10 years ($14,500) or 20 years ($22,500).

While the Gwinnett County Down Payment Assistance may still be used alone for the purchase of other properties, the Gwinnett NSP funds are available only on single family or town homes owned and rehabilitated by Gwinnett County. The difference in programs lies in their dollar amounts and their length of time before being forgiven. One program offer $14,500 and is forgiven in five years while the other program offering $22,500 is forgiven in 10 years.

Please call 678-561-5543 or email NSP@atlantametrorealtors.com for list of eligible properties.

Family Size / Income Limit

Family of Eight / $ 113,550
Family of Seven / $ 106,700
Family of Six / $ 99,800
Family of Five / $ 92,900
Family of Four / $ 86,050
Family of Three / $ 77,450
Family of Two / $ 68,850
Single-Person Household $ 60,250
Ask about other incentives for those with higher incomes.

Some General Restrictions
Borrower must contribute at least one-percent toward transaction
Borrower(s) must attend an eight-hour home buying workshop
Borrower must occupy the home as their principal residence
Property must have been built after 1977

Appeal Your 2010 Property Tax Assessment!

2011-03-25T01:36:00.001-04:00

Approximately 70% of all properties are now over-assessed. Odds are that your property taxes are too high.

With the recent changes in Georgia Law you no longer have to file a -"Property Tax Return" to receive an assessment notice to appeal your property value beginning in 2011. Every property owner as of January 1st will receive a notice even if your property value has not changed.

The deadline to file the Real Estate Property Tax Return for Fulton County (Atlanta) Georgia is April 1, 2011.

(PLEASE, contact your specific counties web site for its deadline)

Do not miss the opportunity to reduce your property taxes!

HOME MAINTENANCE TIP: Painting Mildew Areas

2011-03-07T18:48:00.002-05:00

Interior:
For mildewed walls or ceilings, proper painting requires killing mildew first, then using special paint. You can kill mildew with a strong detergent solution and laundry bleach. Add about 2 to 4 cups of bleach per gallon of detergent water. Read the label of the detergent carefully to make sure it's safe to mix bleach with your detergent. After allowing the surface to dry, apply Bin primer to stained areas. Then paint with two coats of Zinsser brand Perma-White Bathroom Wall and Ceiling Paint.

Exterior:
Some homes develop mildew on eaves or overhangs, especially if they're in a shady area that's not well ventilated. The solution is to clean the surfaces, kill the mildew and repaint. This assumes the wood is still in good condition. If the wood is rotted or swollen, you need to replace it or cover it with siding.

For painting, wash the area with a commercial mildewcide. A good paint store will help you select cleaning and painting materials.

For heavy stains, scrub with a soft brush and rinse well. I like to use a brush attached to a long handle so I can reach farther and use my back and legs for the scrubbing.

You can also clean with a strong detergent like a TSP substitute and a few cups of laundry bleach per gallon of water. Whatever cleaner or chemical you use, follow all the label safety precautions and protect plant materials in the area by spraying the plants with water and covering them with plastic.

After the area is clean and the bleach or commercial cleaner has killed the mildew, allow the wood to dry for several days. Paint with a mildew-resistant paint or add mildewcide to the paint. Zinsser makes a great mildew-resistant exterior paint.

To prevent mildew from returning, improve the air circulation by trimming branches in mildew-prone areas. Routine washing with a product like Jomax will keep the surfaces clean and discourage mildew, which feeds on dirt.

Five Ways to Say Good-Bye to Your Home

2011-02-06T19:06:00.007-05:00

Moving is stressful, even if you're happy about the reasons for your move. I have found that the emotional upheaval of leaving a home catches up with almost every client. You're better off dealing with the emotions before they blindside you, but be aware that becoming emotionally prepared to sell your home may take a while. If you have the luxury, give yourself as much time as you need. When you have finished honoring your home and your time in it, you're ready for the next step.

Here are 5 things you can do to help yourself and your family get ready to sell your home:

1- Take pictures of every room before you begin to remove the "you."

2- Throw a house cooling party, and make sure the guest list includes everyone who might be emotionally attached to the property; your immediate and extended family, your friends, your children's friends.

3- Give anyone who has possessions stored in your home a time frame in which to remove their things. If you have grown children who have left articles of their childhood in your home, give them a reasonable time to say whatever good-byes they need to say, after which they must pack up their boxes of term papers, high school trophies, favorite stuffed animals, and so on. Set a clear deadline for when their possessions must be out of the home. If they can't or won't do this themselves, pack up their childhood mementos and ship the boxes to them.

4- When you are alone in your home, turn off all phones and other electronics. Sit quietly in a room. Remember times that you have had in that room, let the space sink into you visually, noting its smell and its sounds. Don't get up until you feel you are ready to say good-bye to that room. Do the same for each room in your home.

5- Make a list of what you're going to miss most about your property: the eastern sunlight, the holly bushes, the 24-hour doorman, the Jacuzzi, whatever you've loved. make a note of any items on the list that you want to try to find in your next property. Then make a list of what you don't like about your home -- its expense, the neighborhood, the dated kitchen -- and remember this list while you're looking for a new home.

~From "Home Staging That Works" by Starr C. Osborne

Georgia Grows: Census Shows 9.7% Jump in U.S. Population

2011-02-01T10:30:00.004-05:00

In December 2010, the U.S. Census Bureau released the first results from the 2010 census. It showed there are 308.74 million Americans, an increase of 27 million or 9.7 percent since 2000. Nearly 80 percent of the population growth was among minority families, with Hispanics registering the biggest gains.

Most of the population growth is in the South and West. The 10 fastest-growing states had average population gains of 21 percent.

The states were:
1. Nevada
2. Arizona
3. Utah
4. Idaho
5. Texas
6. North Carolina
7. Georgia
8. Florida
9. Colorado
10. South Carolina

States with slower growth included Ohio, New York, and Illinois. Michigan was the only state that actually lost population.

Source: The Wall Street Journal and Time, Stephen Gandel (12/21/2010)

Clearing the Air

2011-01-20T18:24:00.001-05:00

Want to breathe easier this winter? Get your home air quality under control.
If the words “air pollution” bring to mind smoggy freeways and factory smokestacks, you need to start thinking closer to home. According to a study by the U. S. Environmental Protection Agency, the air inside your house can be two to five times more polluted than the air outside.
Now’s the time to act as your own environmental protection agency. Here are four approaches to take:

Ban what you can. Declare your home a smoke-free zone. Test for radon and install carbon monoxide detectors. Also, keep humidity levels below 50 percent, fix cracks in basement walls that let moisture into the home and pull up wet or damp carpet. Minimize the use of chemical cleaners and solvents such as nail polish remover or paint strippers.

Ventilate every which way. Low-tech solutions include running a bathroom exhaust fan while showering, turning on an exhaust fan in the kitchen when cooking, operating a portable window fan whenever using paint or hobby supplies indoors and venting the clothes dryer outdoors.

Clean it up. Change your furnace filter (pleated rather than flat) monthly to reduce airborne pollutants. Professionally installed filter systems can do a good job of removing pollutants but are the most expensive. Portable air cleaners can remove particulates, but beware of ozone-generating air cleaners, which can increase respiratory ailments.

Don’t play with carbon monoxide. Furnaces, fireplaces, wood-burning stoves – for any home heating source, do three things: Hook it up properly, vent it correctly and use it according to manufacturer’s directions. If in doubt, call a professional.

Winter Tip: Water Damage Prevention

2011-01-20T18:05:00.004-05:00

"Water damage that occurs in the winter is most often attributed to ice dams or frozen pipes," says Paul Schrembeck, Liberty Mutual's property field manager and manager of the Water Mitigation Unit.

For damage prevention:
- Keep ice dams from forming by making sure attic insulation meets or exceeds state code requirements. Also, prevent air leakage from inside the house into the attic.
- When the weather turns very cold, let water drip slowly from all faucets served by exposed pipes.
- If you leave for an extended period, do not set your home's thermostat below 55 degrees.

From www.Liberty Mutual.com

Eight Steps to Selling Your Home

2011-01-20T00:00:00.002-05:00

1. Define your needs. Write down all the reasons for selling your home. Ask yourself, "Why do I want to sell and what do I expect to accomplish with the sale?" For example, a growing family may prompt your need for a larger home, or a job opportunity in another city may necessitate a move. For your goals, write down if you'd like to sell your house within a certain time frame or make a particular profit margin. Work with your real estate agent to map out the best path to achieve your objectives and set a realistic time frame for the sale.

2. Name your price. Your next objective should be to determine the best possible selling price for your house. Setting a fair asking price from the outset will generate the most activity from other real estate agents and buyers. You will need to take into account the condition of your home, what comparable homes in your neighborhood are selling for, and state of the overall market in your area. It's often difficult to remain unbiased when putting a price on your home, so your real estate agent's expertise is invaluable at this step. Your agent will know what comparable homes are selling for in your neighborhood and the average time those homes are sitting on the market. If you want a truly objective opinion about the price of your home, you could have an appraisal done. This typically costs a few hundred dollars. Remember: You're always better off setting a fair market value price than setting your price too high. Studies show that homes priced higher than 3 percent of their market value take longer to sell. If your home sits on the market for too long, potential buyers may think there is something wrong with the property. Often, when this happens, the seller has to drop the price below market value to compete with newer, reasonably priced listings.

3. Prepare your home. Most of us don't keep our homes in "showroom" condition. We tend to overlook piles of boxes in the garage, broken porch lights, and doors or windows that stick. It's time to break out of that owner's mindset and get your house in tip-top shape. The condition of your home will affect how quickly it sells and the price the buyer is willing to offer. First impressions are the most important. Your real estate agent can help you take a fresh look at your home and suggest ways to stage it and make it more appealing to buyers. * A home with too much "personality" is harder to sell. Removing family photos, mementos and personalized décor will help buyers visualize the home as theirs. * Make minor repairs and replacements. Small defects, such as a leaky faucet, a torn screen or a worn doormat, can ruin the buyer's first impression. * Clutter is a big no-no when showing your home to potential buyers. Make sure you have removed all knick-knacks from your shelves and cleared all your bathroom and kitchen counters to make every area seem as spacious as possible.

4. Get the word out. Now that you're ready to sell, your real estate agent will set up a marketing strategy specifically for your home. There are many ways to get the word out, including: * The Internet * Yard signs * Open houses * Media advertising * Agent-to-agent referrals * Direct mail marketing campaigns In addition to listing your home on the MLS, your agent will use a combination of these tactics to bring the most qualified buyers to your home. Your agent should structure the marketing plan so that the first three to six weeks are the busiest.

5. Receive an offer. When you receive a written offer from a potential buyer, your real estate agent will first find out whether or not the individual is prequalified or preapproved to buy your home. If so, then you and your agent will review the proposed contract, taking care to understand what is required of both parties to execute the transaction. The contract, though not limited to this list, should include the following: * Legal description of the property * Offer price * Down payment * Financing arrangements * List of fees and who will pay them * Deposit amount * Inspection rights and possible repair allowances * Method of conveying the title and who will handle the closing * Appliances and furnishings that will stay with the home * Settlement date * Contingencies At this point, you have three options: accept the contract as is, accept it with changes (a counteroffer), or reject it. Remember: Once both parties have signed a written offer, the document becomes legally binding. If you have any questions or concerns, be certain to address them with your real estate agent right away.

6. Negotiate to sell. Most offers to purchase your home will require some negotiating to come to a win-win agreement. Your real estate agent is well versed on the intricacies of the contracts used in your area and will protect your best interest throughout the bargaining. Your agent also knows what each contract clause means, what you will net from the sale and what areas are easiest to negotiate. Some negotiable items: * Price * Financing * Closing costs * Repairs * Appliances and fixtures * Landscaping * Painting * Move-in date Once both parties have agreed on the terms of the sale, your agent will prepare a contract.

7. Prepare to close. Once you accept an offer to sell your house, you will need to make a list of all the things you and your buyer must do before closing. The property may need to be formally appraised, surveyed, inspected or repaired. Your real estate agent can spearhead the effort and serve as your advocate when dealing with the buyer's agent and service providers. Depending on the written contract, you may pay for all, some or none of these items. If each procedure returns acceptable results as defined by the contract, then the sale may continue. If there are problems with the home, the terms set forth in the contract will dictate your next step. You or the buyer may decide to walk away, open a new round of negotiations or proceed to closing. Important reminder: A few days before the closing, you will want to contact the entity that is closing the transaction and make sure the necessary documents will be ready to sign on the appropriate date. Also, begin to make arrangements for your upcoming move if you have not done so.

8. Close the deal. "Closing" refers to the meeting where ownership of the property is legally transferred to the buyer. Your agent will be present during the closing to guide you through the process and make sure everything goes as planned. By being present during the closing, he or she can mediate any last-minute issues that may arise. In some states, an attorney is required and you may wish to have one present. After the closing, you should make a "to do" list for turning the property over to the new owners. Here is a checklist to get you started. * Cancel electricity, gas, lawn care, cable and other routine services. * If the new owner is retaining any of the services, change the name on the account. * Gather owner's manuals and warranties for all conveying appliances.

1335 LABONTE PKWY, Mcdonough, GA 30346

2011-01-14T19:44:00.003-05:00

FMLS # 4167224

One of a kind gem in McDonough!

No expense spared in this townhome beauty, from the designer touches to the outdoor living space.

Light abounds throughout the home from the dramatic 2 story foyer into the living room with the built in fireplace and tv shelf!

Schools: McDonough Elementary, Luella Middle, and Henry High School

Listing Details at: 1335 Labonte Pkwy Details

Contact Elegance Realty, LLC at 678.561.5543 to schedule a private showing.

Related Links: Atlanta Real Estate

1335 LABONTE PKWY, Mcdonough, GA | Powered by Postlets

Do You Know a Homeowner Facing Foreclosure? Here’s A Way Out

2011-01-14T00:18:00.002-05:00

Headlines today are filled with stories about homeowners in financial distress—people who face a lender’s foreclosure on their home.

Millions of American home owners are wondering what to do.
Like most crises, this one has produced its share of rumors and misinformation. One of the biggest ones is “just let it happen." Why fight back, this line of thinking goes. It’s too emotionally draining, and the government’s loan modifications aren’t helping many people. Well, that’s only partly true.

While government loan modification programs have fallen short of the mark so far, there is another solid, sensible option for homeowners. It’s called a short sale—a sale to a buyer where the seller’s lender agrees to accept less than the full amount owned.

Why not be foreclosed? Why sell short? Agents who have closed hundreds of these transactions provide this list of reasons:
Avoid the foreclosure stigma – Homeowners will always have to disclose that they had a foreclosure on any mortgage application and (many job applications) that they submit in the future. This can have an adverse affect on their future mortgage rates. Foreclosure is asked about specifically in credit inquiries. There is no seven-year time limit on this item.
Protect credit score – Credit scores will be lowered by 300-plus points (per loan) by foreclosure. The impact of a short sale—about half that much.
Improve eligibility for a government insured loan – The homeowner will be ineligible for a government insured loan for 5-7 years (only two years in a short sale). A foreclosure is the one credit report item that is almost impossible to have repaired.
Avoid a deficiency judgment – Lenders can seek a deficiency judgment against the homeowner and collect any amount they do not recover at sale.
Protect employment prospects – Many employers run credit checks on prospective employees. Foreclosure is one of the top items that will put a potential new hire, or even current employment, in jeopardy.
These are the top reasons, but there are more. An expert short sale specialist agent can give a full picture of the options.

One more tip. Don’t believe everything you read about how long short sales take and how few get finalized. Short sale timelines, while still longer than normal, are shrinking as lenders get their paperwork act together. Find out who the top short sale agents are in your market. These pros are closing 70 to 90 percent of the short sales they represent—more than three times the national average. They know where to find buyers, and how to negotiate the buyer’s offer effectively with lenders and get the deal closed—so the homeowner can move on with life and recover.

January 2011 NAR Market Update

2011-01-14T00:08:00.006-05:00

The housing market is recovering. As more home buyers are taking advantage of the improved affordability conditions. With mortgage rates hovering around recent record lows and home prices having generally stabilized, economists are expecting an upward trend to a healthy and sustainable level in 2011.

Encouraging signs are showing up across the economy. Retail sales recently hit their highest level since before the recession. Key measures of small and big businesses’ optimism marched back up to prerecession levels and new claims for jobless benefits are trending lower. Together they bode well for steady job creation and improved consumer confidence which is generally manifested in more spending.

As the economy improves, current stimulus efforts by the government and the Federal Reserve Board are expected to gradually wind down. Meanwhile, serious buyers stand to benefit from historically favorable buying conditions.

Home Sales
Existing home sales resumed on an upward trend since bottoming in July. Sales activity rose to a seasonally adjusted annual rate of 4.68 million in November. This was up 22% from July and 5.6% above the 4.43 million level in October, but remained 27.9% below the 6.49 million tax credit rush a year ago. As steady job creation is expected to continue, industry experts are hopeful for 2011.

Home Price
Home prices continued to stabilize. Median home prices edged up slightly to $170,600, 0.4% above year-ago levels. Distressed homes have accounted for a fairly stable market share, representing 33% of sales in November. This is on par with the 34% in October and 33% in November 2009. Historically favorable interest rates, coupled with stable home prices, continue to offer advantageous buying opportunities.
Inventory
The number of homes on the market continued to decline. Total inventory fell to 3.71 million in November from 3.86 million in October. This reflects the increasing response from buyers to improved affordability conditions. As lending standards return to historical norms and consumers become more confident about their financial situation, more people will be able to buy their first home, move up, or invest.
Affordability
Housing affordability set a new record in November. The relationship between mortgage rates, home prices, and family income is the most favorable on record for buying. The home price-to-income ratio, currently at 13.5%, continues to remain well below the historical standard. Stabilizing home prices and rising interest rates are expected to begin drawing affordability back up toward more normal levels.

Source: National Association of Realtors - October housing data released December 22.

Use the Season to Your Home-Selling Advantage

2011-01-14T00:06:00.001-05:00

While summer is generally known as the peak season for home sales activity, the winter can also offer great advantages for sellers – such as less competition from other sellers. With a little effort, you can use the season to your home-selling advantage.

Let’s put these ideas to work, so your home shows at its best.

Keep snow and ice at bay. If the buyer can't get in easily, the house won't sell. That means keeping walkways and driveways free of the frozen stuff. You want to make the home look well maintained.

Warm it up. Think warm, cozy, and homey. Before a buyer comes through, adjust the thermostat to a warmer temperature to make it welcoming. If you have a fireplace, turning it on right before the tour can create a more welcoming ambience.

Emphasize winter positives. Is your home on a bus route or some other vital service that means it's plowed or deiced regularly in bad weather? Be sure to mention that to the buyers.

Make it festive. Even if you're not actually going to be present, greet your buyers as if they were going to be guests at a party. Set up the dinner table with the good china and silver. Have a plate of cookies for your guests, some warm cider, or even chilled bottles of water.

Use the season to your advantage. When the holidays are over, you can still use winter wreaths and dried arrangements around the door to spark interest. In the winter, with the leaves off the trees, you might also have a nice view that isn't as apparent in the spring and summer months.

Social Media Warning: Are You Sharing Too Much Online?

2011-01-14T00:04:00.001-05:00

Are you revealing too much information on Facebook, Twitter, your blog and other social Web sites, and possibly putting yourself in danger? In your efforts to better connect with prospects and customers on the Web, could you be putting your personal safety at risk? It’s a growing problem these days as agents work harder and harder to implement new business strategies to keep their brand in front of prospects, according to Tracey Hawkins, a national safety expert and safety consultant to major real estate companies.

"I’m seeing agents who want to show the world that they’re busy and active, so they’re oversharing information" on networks like Facebook, Twitter, and Foursquare, Hawkins says.

The location of the restaurant where you’re meeting a client or a link to the details of a property that you’ll be showing could be used the wrong way by thieves or others who don’t have your best interest in mind. Even posting your birthdate and birth place on Facebook can work against you, giving identity thieves key information they can use to access other personal data, according to the Privacy Rights Clearinghouse, a nonprofit consumer organization.

Here are some more tips for playing it safe:

Vet your "friends." A “friend” on Facebook could be far-from-a-friend in real life. "If you allow pretty much anyone to see what you’re doing and where you’re going on vacation, you’re making it too easy for criminals," Hawkins says. Facebook provides a variety of privacy controls, but because you need to login to your account information to change these settings, many users are unaware of them. To access your Facebook privacy settings, login to Facebook and click on Account, Privacy Settings, Custom, Customize Settings.

Don’t share sensitive information. Avoid posting your home address, your current whereabouts, and when you plan to be out of town. No need to advertise when your home will be empty and vulnerable to thieves.

Watch how you describe the property. Phrases like "vacant," "isolated," and "private setting," can be triggers for criminals. Also refrain from mentioning any high end features/items that are present and removable: furniture that stays with the sale, arcade games, yard/pool furniture, area rugs, and even high-end kitchen appliances are targets for thieves looking to steal from vacant properties.

Be very selective about your headshots and listing photos. A glamour shot or any photo showing flashy jewelry is never a good idea. Also, advise clients to stow away valuables before property photos are taken.

Monitor your privacy settings. Once you set some controls, Hawkins also suggests previewing your social networking pages as an anonymous user and finding out what information is being picked up by search engines.

“Anything that you post will more than likely be public at some point," Hawkins says. "The best strategy is to control the information that you put out there in the first place."
Keep in mind this maxim on the permanence of information in the Web 2.0 world: If you write and distribute something on paper, it’s as if it’s written in pencil; but if you write and post something online, consider it written in non-erasable ink.

~ From December 2010 FMLS E-Newsletter

Fireplace Safety Tips

2011-01-13T23:57:00.002-05:00

Have your fireplace and chimney serviced annually by a certified chimney sweep.
Burn only hard woods such as oak or hickory. Soft woods like pine, lumber scraps, etc., do not burn as hot, leaving soot and combustibles on the chimney lining. This can cause a chimney fire.
Never use a flammable or combustible liquid to start or accelerate a fire.
Make sure a screen or glass door covers the opening. Sparks will shoot out of the fire box and cause a fire.
Be totally certain that the fireplace assembly is in good structural condition. No voids, cracks, or openings in the chimney can be accepted.
Clean ashes out of firebox prior to use, making sure there are no hidden embers.
Dispose of cold ashes in the proper manner.
Be sure the damper is operating the way it is supposed to operate.
When installing/replacing the doors on the front of a pre-fabricated fireplace, check that the proper doors listed for that fire place are used. Numerous fires have occurred from installing improper doors, causing an excess of heat build-up and resulting in a fire in the wall behind and above the fireplace.
Most important - BE CAREFUL!

8 Tips for Staging Your Home for Sale

2011-01-13T23:49:00.002-05:00

Buyers are drawn to spacious homes, and when they find one through online property photos they usually want to beat a path to that door. But it’s not always easy to squeeze square footage into a camera shot—and sometimes furniture arrangements or elaborate accessories actually do a disservice to the way your listing is presented online or in marketing photos. To make sure every square foot counts when photographing interiors, try these tips to expand the space.

1. Remove area rugs. Rugs break up the expanse of the floor and can make rooms look smaller. Keep the floor as clear as possible.
2. Use a wide-angle camera. A camera with a wide-angle lens (28 millimeters or less on a DSLR, or the equivalent on a point-and-shoot) is best for interior shots because it magnifies the distance between objects and showcases a room’s depth. But beware of fisheye lenses or ultra wide-angle lenses, which tend to make rooms look wider but can mislead buyers into thinking there’s more space than there is. And a disillusioned buyer quickly loses interest in a property.
3. Be creative with furniture placement. Be certain that furniture doesn’t block views or walkways so you reveal as much of the floor as possible. If there’s too much furniture packed into a room or the furniture is too large, it can also work against you in photos.In a crowded room, try removing a few pieces of furniture or swapping in a smaller piece. In a kitchen or dining room, it might look better if you remove that extra leaf from the table. Try using furniture to create new spaces in large rooms and really show off that square footage. For example, use an armchair from the living room to add a reading corner in a master bedroom to show that more than just a bed could fit.
4. Fill up that empty space. Buyers have trouble imagining how their stuff will fit into an empty room; the space can seem smaller than it really is. If possible, bring in furniture for staging. When rooms are furnished, they tend to look larger and much more inviting.
5. Use mirrors to your advantage. A reflection in a mirror can reveal more of a room when you can’t squeeze everything into your photo. This can be a great technique particularly when photographing bathrooms. Use the reflection of the bathroom mirror to show the extras, such as that soaker tub. Just be sure to shoot photos at an angle so that you don’t capture your own reflection!
6. Lighten up. In photos, brighter rooms typically come across as more open and welcoming, whereas dark rooms can look small and dingy. Pay attention to the light sources in a room to get a better shot. Turn on all of the lights and open the curtains to let in natural light and expand the space. But don’t shoot directly into a light source; it’ll darken a room.
7. Shoot at an angle. The diagonal line is the longest visual line in a room. Try shooting from the corner; back up as far as you can before you shoot. But don’t limit yourself: take shots from three or four different angles so that you have plenty of options. Also, consider getting low to the ground to show off the length of the room or the height of that 2-story foyer. Eye level doesn’t always work best to capture proportions.
8. Remove clutter. You’ve heard it before, but clutter makes a room look cramped and steals attention from a room’s intended focal points. Clear away paper stacks, crowded walls of artwork, cluttered countertops, magnets covering the refrigerator, and towels hanging from the stove.

Finally, do your best to ensure that any major changes you make to a room’s layout for the purpose of photos are kept in place for showings. You’ll create a disconnect if the house looks great only in the online photos; a buyer who feels disappointed because the property looks nothing like the staged photos is not likely to buy.

10 Labor Day Tips to Get and Stay Healthy

2010-09-05T20:10:00.009-04:00

Labor Day weekend is always another reminder that summertime is coming to an end, and kids are returning to school. So I started thinking about maintaining a healthy weight during the autumn and winter months -- when I usually put on at least 10 pounds (ouch!). So I thought I'd offer my two cents on things I've been doing this summer to keep the bulge to a minimum, and have noticed an improvement in my complexion, of all odd places...(hmmm)... Nice side-effect (clearer, smoother, younger skin).

So I'm no health expert, but we all struggle to keep weight off, especially as we get older... these are some suggestions...

(1) First of all, take one day at a time, don't get hard on yourself. Believe and visualize your ideal weight (skinny isn't for everyone--certainly nobody likes to hug up on bones)...

(2) I don't know how your body processes sugars, but if you like fruit and veggie smoothies, make them yourself. Buy organic and do lots of blends. I make one every 2 or 3 days and store the blender in the fridge instead of buying juices loaded w/ high-fructose... Plus think of all the fruits we miss out on when we only drink, say OJ every day.

Get creative...it's a good way to get nutrients w/o having to actually eat it, and it's nutritious and often satisfying... You can add plain or vanilla fat free yogurt, (strawberries, spinach, pears, apples, bananas, grapes, blueberries, clementines...) any yummy fruits and just add celery, carrots, cabbage, or whatever veggies, and drink that several times a day. Trust me, any combination is tasty, and it might curb your appetite so you won't want to eat large meals.

(3) No more apple and other juices (loaded w/ high-fructose corn syrup... this makes people get fat and they think they're drinking something healthy). Read every label!

(4) Take good multi-vitamins, and don't forget your Omega-3 Fish Oil pills.

(5) Start brisk walking at least 3x a week. Even just for 30 mins. Get some 3lb or 5lb weights and bring w/ u. I haven't kept up to my goal, but I hit the gym and do some cardio and weight machines, so I make up for it (somewhat). :-) Yoga and stretching is also great to do, too.

(6) Eat salads, salads, salads. You can get creative w/ that too. Add all types of beans, veggies, and fruits and nuts, and a light dressing, or make your own w/ vinegar & olive oil, and herbs.

(7) Don't eat any more meat and chicken. They are loaded w/ hormones. If you MUST, go to whole foods or farmer's market and make sure you get meat that has no hormones. But if ur trying to lose weight, I'd fast from meat for a month. Eat more fish (but watch the mercury) & tofu. Get protein from other sources.

(8) Get plenty of fiber. Buy low/no sugar cereals, oatmeal, and add sliced strawberries, bananas, and apples, or any of your favorite fruits to spice it up. Eat fiber-full snacks if you get hungry during the day.

(9) No more potato-chips, cookies, and ice-cream. Drop those high-fat/high-sugar snacks that will kill all your progress.

(10) And finally, let's not forget, drink plenty of water. I've heard "half your body weight" in ounces a day.

There are many other things you can do that'll get you results, but you must first decide how much you want it.

Can't Pay Your Mortgage? There's Help

2009-08-01T13:47:00.003-04:00

Do you know anyone who lost their job or are struggling to pay their mortgage? Is their lender not cooperating with any loan mods? Tell them to apply through NACA.

Getting Started: Part 3 - What do people mean when they say home ownership is the key to financial security?

2009-07-26T17:10:00.005-04:00

The benefits of home ownership are both financial and psychological:
• Home ownership is a durable (real) investment. Historically, housing has appreciated in value for decades. Although no one can say a specific home in a specific location will increase in value, generally speaking the odds favor most homeowners. Also, monthly mortgage payments (the part that reduces the principal loan balance) become a solid form of savings.
• Numerous unique tax advantages are available to homeowners. Unlike other investment tax shelters, home ownership works for you even as you live in your investment. For example, the thousands of dollars you pay in mortgage interest (discussed below) are deductible. The tax deduction alone can sometimes make owning your own home cheaper than renting with “after-tax” take-home dollars.
• By accumulating equity in your home, you can later “move up” to another home, with a good down payment on hand.
• Home ownership offers you the opportunity to take control of your housing costs. Mortgage payments (even on adjustable –rate mortgages (ARMs)) are more predictable than rent.
• Owning your own Atlanta home allows great freedom of choice in choosing your community, architecture, interior décor, appliance selection, plus whatever method of financing best suits your situation.

Contact me for more information. 678-687-0939

Getting Started: Part 2 - Exactly how will a real estate agent help me buy an Atlanta home?

2009-07-24T00:29:00.003-04:00

Atlanta brokers and agents make it their business to provide every service connected with your home search, from expert advice in the early stages through careful monitoring of your settlement (also "closing" or "escrow" -- term varies by area). The more closely you work with one agent, the better your needs are known and the more effectively you can be served -- saving you time and possible grief.

All Georgia agents are bound by law to deal fairly and ethically with both buyer and seller. Some buyers may choose to work with a "buyer's agent," whose legal obligation is to represent the interests of the buyer. A buyer's agent, whose fee or commission may be paid by either buyer or seller, is able to negotiate sale price and terms on behalf of the buyer.

You benefit from an Atlanta agent's services in many ways, such as:

* Helping you set up a plan of action through an analysis of your needs and your finances, the current housing market, homes available in your price range, and lenders' mortgage options.
* Personally conducting your search to find neighborhoods and homes that fit your requirements.
* Guiding you through the intricacies of making an offer on a home and presenting your offer to the seller.
* Assisting you through both the pre-settlement or pre-closing and settlement or closing processes.

Getting Started: Part 1 - Where do I start?

2009-07-21T19:10:00.009-04:00

The first step toward owning an Atlanta home is to look at all the possible roads available to you. This first section covers the basics that concern all Atlanta, Georgia home buyers -- from developing a house-hunting strategy (by figuring how much you can afford to spend, and how to line up your finances) to actually starting out on your search.

Where do I start?

First things first. After you've done your research, ask yourself why you want to buy a home in Atlanta. To stop paying rent? To start building equity? To have a place of your own? To move up to a bigger home?

Next, list what kind of home you'd like and where in Atlanta you would like it to be. Be specific. Separate the "must haves" from the "want to haves". Rate items on both lists on a scale from 5 (high) to 1.

Think of yourself as zeroing in on a target, going from the general to the specific. Consider area (city, suburban, country); community (north, south, east or west side); neighborhood (older and settled or sparkling new; a particular school; recreational facilities; and other community services, such as transportation, day care, library, stores, entertainment). Ask yourself how many minutes you're willing to commute to work.

Think about home styles (1-story, 2-story, townhouse, condominium, etc.). How much space do you need, and how much will you need in the foreseeable future (number of bedrooms, baths; kind of kitchen; total rooms)? Consider size and kind of property. Do you want a new home, an older one to fix up? Is the community a good area for resale? Someday you or your heirs will want to sell. Consider how long you expect to live in this particular home. Keep going with whatever you want to add.

Knowing exactly what you think you want makes house-hunting and later decisions easier when you get into the nitty-gritty aspects of buying. Many people like to start a "house-hunter's notebook" to keep their requirements clearly in mind and to compare specific properties. You'll find as you return again and again to your original thinking that your preferences become clearer -- and your search becomes more efficient.

Stay tuned for Getting Started: Part 2 - Exactly how will a real estate agent help me buy an Atlanta home?

If you want more information or a free consultation, visit our website: www.kemisalako.com.

How To Buy A Home In Today's Atlanta, GA Market

2009-07-14T10:30:00.003-04:00

Buying a home raises a lot of questions. I know because I answer those questions every day. Through the years, I've found some basic questions turn up again and again. Yet different buyers have different needs, and a constantly changing marketplace raises new questions.

My goal is to help you get straight answers to your specific questions. To make it easier for you, I've put my experience into a handbook. You'll find answers to basic and difficult questions. you'll also find that I've grouped my know-how into three parts: Getting Started, House Hunting, and Buying.

Once you're finished reading, you'll probably have even more questions. That's when a professional real estate agent will begin to guide you personally through the home buyer's maze and answer your specific questions as they come up.

From experience, I know that there is no substitute for the knowledge of a professional agent. After all, home buying is an adventure to be enjoyed, and an agent can make your home search easier and faster. I look forward to working with you.

In the next posts, you'll develop your own "road map" to finding the Atlanta, Georgia home that best suits your needs.

If you have any questions or want a free consultation, feel free to call me at 678-687-0939.

FREE Home Buyer Seminar

2009-03-20T19:46:00.003-04:00

This Home Buyer Seminar will prepare you for purchasing a home. Through our web site, free seminars, and onsite experts, we help home buyers with every aspect of the process. At this FREE home buyer seminar you will learn:

1. Different ways to search for and find the home of your dreams.
2. How to budget for home ownership.
3. What type of home is best for you, condominium, townhouse, or single family home
4. How to qualify for a Home mortgage and get pre-approved.
5. How to choose the right type of mortgage loan. ( fixed rate, arm, balloon, etc.)
6. How much of a monthly mortgage payment do you qualify for?
7. How much house you can afford.
8. How to buy a home with NO Down Payment.
9. The advantages of owning versus renting.
10. How to understand your credit report (free booklet)
11. How to improve you credit score.
12. What the different real estate and mortgage terms mean.

For answers to all your real estate and mortgage questions, attend this home buyer seminar.

*** Advanced Registration Required by the Thursday before the event, as Limited Seating is available.***

Please call 678-687-0939 if you have any questions or would like more information.

www.kemisdreamhomes.com

Stone Mountain Independence Day Parade

2008-07-07T15:31:00.003-04:00

Hope everyone enjoyed their 4th of July celebrations. Here are my Stone Mountain Parade photos.

There is so much to do in East Atlanta metro all year round. Email me if you are contemplating relocating to the area and need guidance.

FREE HOMEBUYER SUMMIT

2008-06-11T21:03:00.001-04:00

In promotion of June as National Homeownership Month, we invite you to participate in a Homeownership Summit presented in partnership between PEMCO, Ltd., the U.S. Department of Housing and Urban Development, the Federal Housing Authority, GA Department of Community Affairs, DeKalb and Fulton County Governments, the City of Atlanta, and various other government agencies, local non-profits, and housing professionals.

The Summit - a free, public event designed to navigate potential homebuyers through the home buying process and provide information on sustaining Homeownership through various industry exhibitor and educational seminars - will be held Saturday, June 28 at the Georgia World Congress Center in downtown Atlanta.

Attendees will become familiar with options and resources available to assist them in purchasing and sustaining a home. There will be several educational sessions featuring advice and information from professional housing counselors, lenders realtors, builders, Local and Federal government agencies and industry professionals. In addition, many industry professionals will be available in the exhibit areas to provide information to attendees.

Organizers include: Atlanta Development Authority, Freddie Mac, Fannie Mae, HUD, Federal Reserve, CCCS and AACP.

Don't Pay Another Cent in Rent to Your Landlord: Read This FREE Special Report

2008-02-05T14:05:00.000-05:00

If you're like most Atlanta renters, you feel trapped within the walls of a house or apartment that doesn't feel like yours. How could it, when you're not even permitted to bang in a nail or two without a hassle. You feel like you're stuck in the renter's rut with no way of rising up out of it and owning your own home.

Well, don't feel trapped anymore! A new, FREE Special Report entitled "How To Stop Paying Rent and Own Your Own Home" has already helped dozens of local Atlanta renters get out from under their landlord's finger, and move into a wonderful home that they can truly call their own. You can make this move, too, by discovering the important steps detailed in this FREE Special Report.

It doesn't matter how long you've been renting in Atlanta, or how insurmountable your financial situation may seem. With the help of this report, it will become suddenly clear to you how you really can save for a down payment and stop wasting thousands of dollars on rent.

To order this report NOW and stop wasting thousands of dollars on rent, send an e-mail to dontpayrent@atlantametrorealtors.info -- with Don't Pay Rent in the Subject line.

JANUARY 2008 was a Great Month for NEW ATLANTA LISTINGS!

2008-01-31T17:36:00.000-05:00

Ten Tips For Every Home Seller

In spite of all the negative Real Estate news with which we are constantly bombarded by the media, January 2008 has been a GREAT month for listings for me here in Atlanta -- three for sale and one rental listing.

If you would like to sell now, don't be discouraged. If you're going to be selling your home, here are ten things to consider:

1. Besides Springtime, the best time to put your house on the market, if you plan on buying another home, is when interest rates are low. Low rates benefit both buyers and sellers, and you'll be both. As we all know, the Feds have been lowering interest rates almost every day to prevent a (worse) recession.

2. Consider selling your home yourself. You could reduce the cost of selling your home up to 6% of the selling price. You'll need good marketing skills and the time it takes to market your own house. There are over 200 private organizations across the country that offer assistance for self-sellers, including magazines, radio and TV advertising, private computerized listings and other selling tools such as for sale signs and how-to videotapes.

3. If you decide to sell your home on your own, keep in mind that it'll probably take longer than if you're using a real estate agent. Especially in a buyers' market. When there are more sellers than buyers, real estate agents have the advantage with things like the multiple listing when it comes to getting their homes in front of buyers.

4. If you decide to use an agent, be sure to look for a "seller's agent". Make sure they're familiar with your neighborhood. If you are planning on selling in the metro Atlanta area, I stay abreast of the market changes.

5. Before deciding on an agent, ask how many homes they've sold in the past year and how many homes were in your neighborhood. And, ask to see a comprehensive market analysis and have them explain in detail how they're going to market your home. It's important to know that your seller is working to earn their commission. Ask if the agent is a web designer and internet savvy? Fortunately, with a degree in visual arts, I have over 10 years of training and experience in website development, graphic design, and internet marketing, so consider how those additional skills might assist in marketing your home. I create virtual tours, brochures, presentation materials, flyers, the list goes on.

6. When you hire an agent, you will sign a listing agreement. Commit to no more than three months. If the agent is doing a good job for you and you are happy with how things are going, then you can always renew. If not, then you're free to pursue another agent.

7. Get your house in shape. Got clutter? Get rid of it. Need painting? Use neutral colors. Consider updating if your house is really outdated. Make your home as appealing as can be to buyers.

8. Consider an incentive to buyers. For Instance, offer to pay closing costs or points.

9. Understand the home selling process and learn about negotiating. Knowing as much as you can could save you thousands of dollars.

10. Be realistic. About your asking price, the time it takes to sell a house, the process and the market. If you go in thinking it will take only a week and you'll get exactly your asking price, you'll most likely be disappointed. Be real and you'll have a much better experience.

If you decide to let me assist you with selling your house, ask me about a free Comparative Market Analysis and my comprehensive Marketing Plan that is incomparable in the industry. Call me at 678-687-0939 or visit my website: www.atlantametrorealtors.com.

New to Georgia?

2008-01-15T19:25:00.000-05:00

If you just moved to Georgia, you’ll soon learn plenty about the culture, customs, and history of the state. In the meantime, here are a few items to consider as you get acclimated.

Get legal on the road
As a new Georgia resident, you have 30 days to register your vehicle and get your driver’s license. Before you register your vehicle, though, it must pass the state inspection process. In order, here are the three steps to follow:

1. Take your vehicle to a state inspection station. You can find a list of what types of inspections are required in your county and an Inspection Testing Location at Clean Air Force. When you go, make sure you take your driver’s license and proof of insurance. If your insurance policy wasn’t issued in Georgia, you may need to show proof that you carry the minimum coverage required by the state.

When your vehicle passes inspection, the inspection station will give you a verification form to bring to the county tax assessor-collector’s office. This is where you obtain a Georgia vehicle registration sticker and license plates. You will need proof of ownership, such as registration or title from your previous home state, as well as proof of insurance. Again, you may need to show that you carry minimum coverage amounts.

2. Apply for a Georgia driver’s license at the Georgia Department of Driver’s Services (DDS) office in your area. To find the location nearest you, visit DDS. Bring an ID, proof of Social Security number, proof of liability insurance, and proof of Georgia vehicle registration. Expect to provide a thumbprint and surrender any valid out-of-state license you currently have.

3. Register to vote
You can learn more about how to register to vote by visiting the Secretary of State.

Go online
You can find a wealth of information about the state and metro Atlanta area at www.AtlantaMetroRealtors.com. You can also search there for links to websites for counties, cities, Chambers of Commerce, schools, and libraries. If you’re looking for answers to questions about state laws, required business licenses, taxes, and more, you may also find that information there.

House Hunting
You want a reputable, professional real estate professional who believes in excellent customer service. Elegance Realty will guide you through the entire home buying process and make sure you are satisfied with your purchase. Call 866-687-5543 for a free consultation.

5 Factors That Determine Your Credit Score

2008-01-14T16:32:00.000-05:00

FICO Scores range between 300 and 850. Scores above 620 are considered desirable for obtaining a mortgage. These factors will affect your score.

1. Your Payment History. Whether you paid credit card obligations on time.

2. How Much You Owe. Owing a great deal of money on numerous accounts can indicate that you are overextended.

3. The Length of Your Credit History. In general, the longer the better.

4. How Much New Credit You Have. New credit, either installment payments or new credit cards, are considered more risky, even if you pay promptly.

5. The Types of Credit You Use. Generally, it's desirable to have more than one type of credit—installment loans, credit cards, and a mortgage, for example.

For more information on evaluating and understanding your credit score, download a FREE FICO Brochure or call me at 866-687-5543 to schedule a free consultation.

How to Sell Your Home Without an Agent

2008-01-13T14:02:00.000-05:00

Learn 10 Inside Secrets to Selling Your Home Yourself

If you've tried to sell your home yourself, you know that the minute you put the "For Sale by Owner" sign up, the phone will start to ring off the hook. Unfortunately, most calls aren't from prospective buyers, but rather from every real estate agent in town who will start to hound you for your listing.

Like other "For Sale by Owners", you'll be subjected to a hundred sales pitches from agents who will tell you how great they are and how you can't possibly sell your home by yourself. After all, without the proper information, selling a home isn't easy. Perhaps you've had your home on the market for several months with no offers from qualified buyers. This can be a very frustrating time, and many homeowners have given up their dream of selling their home themselves.

But don't give up until you've read a new report entitled "Sell Your Own Home" which has been prepared especially for homesellers like you. You'll find that selling your home by yourself is entirely possible once you understand the process.

Inside this report, you'll find 10 inside tips to selling your home by yourself which will help you sell for the best price in the shortest amount of time. You'll find out what real estate agents don't want you to know.

To learn how you really can sell your home yourself, order your FREE copy of this report, visit www.atlantametrorealtors.com or call 866-687-5543 and leave your name, phone number, and spell out your E-mail address.

THINGS YOU MAY NOT KNOW ABOUT ATLANTA

2008-01-02T22:10:00.000-05:00

The population of metropolitan Atlanta is over 5,500,000.

Atlanta was called "Marthasville" until 1845, when the name Atlanta was adopted.

Atlanta is hilly, located in the foothills of the Appalacian Mountains. Most of metro Atlanta is 700-1,000 feet above sea level.

Lawrenceville is about 212 miles to the historic city of Savannah, GA and the Atlantic coast, and Lilburn is about 252 miles to Charleston, South Carolina and the Atlantic coast

Suwanee is 47 miles to the north Georgia "Alpine" town of Helen, Georgia and 85 miles to Highlands, North Carolina (even closer to Sky Valley ski resort!).

GEORGIA FACTS

Milledgeville was the first capital of Georgia, and its historic buildings make it a great weekend destination. For more history and day and weekend trip information, visit Roadside Georgia.

Georgia's state flower is the Cherokee Rose

Georgia's state bird is the Brown Thrasher

English was declared the official language of Georgia by an Act of the Georgia General Assembly, April 25, 1996.

For more Atlanta Metropolitan area facts, visit Wikipedia or Atlanta Metro Realtors.

5 Common First-Time Homebuyer Mistakes

2006-11-23T22:25:00.000-05:00

They don't ask enough questions of their lender and miss out on the best deal.

They don't act quickly enough to make a decision and someone else buys the house.

They don't find the right agent whose willing to help them through the homebuying process.

They don't do enough to make their offer look good to a seller.

They don't think about resale before they buy. The average first-time buyer only stays in a home for four years.

What to Do Before You Start Shopping for a Home

2006-11-23T21:51:00.000-05:00

Looking for a home can be stressful and daunting. But there are things you can do to decrease your stress level and make the home buying process easier. Before you even think about what kind of home you want, you have to decide what kind of home you need. Doing this will narrow down the number of houses you look at and will save you valuable time. At the same time, you should make a list of things you don’t want in a home so that you don’t waste time looking at houses that don’t fit your needs or your budget. You can use Elegance Realty’s House Hunting Priorities worksheet, (available only in the downloadable version) to list your wants and needs.

To set your priorities, ask yourself these questions:

Where do you want to live?
Location is one of the most important elements to choosing the right home. So, not only are you looking for the right home, you’re looking for the right neighborhood. Among all your decisions, you should consider things like: how far or near do you want to live to your other family members? If you have your own family, what kind of schools you want your children to go to? How important is it to you to be close to the highway or public transportation, shopping, work, hospitals, entertainment, community amenities?

How long do you expect to live in your new home?
Most people end up moving within seven to nine years of living in a home and move for several reasons: job transfers, starting a family, needing a bigger home, don’t like the area, etc. If you plan on living in your new home for only a few years, or if you don't have children, then proximity to schools may not be an issue, but resale value may be. On the other hand, if you have a family and plan on staying in the home for ten years or more, schools, as well as size of the home, will be priorities. How long you expect to stay in your home can have a large impact on which home you choose as well as what type of mortgage you choose.

Consider your lifestyle
As you make a list of your wants and needs (as well as what you don’t want), it may also be important to consider the type of lifestyle you have. If you like to entertain a lot, then you'll want a spacious home that lends itself to that. If you work from home, or have your own business that you run out of your home, you'll need space for a home office. If you’re a gardener, then lot size may be your priority.
Put these items on your list in order of importance. For instance, a large kitchen may be more important to you than a fireplace. Remember, your list should be somewhat flexible in case you can't find a home in your price range with all the amenities you need or want.

How much home can you afford?
Few things are more frustrating than falling in love with a home only to discover it's out of your price range. But, how do you figure out what you can afford? You should consider two major factors when determining how much home you can afford:

Your Credit Score
Your credit report determines your credit score, which is needed for qualifying for a home loan. Your credit score can help you qualify for a bigger loan amount and/or better interest rate. It’s important to check your credit report carefully for discrepancies and errors. You can order your credit report from the three major credit bureaus, Experian, TransUnion and Equifax. There are many other ways you can improve your credit score to get the best loan possible including paying your bills on time, paying off debt and keeping credit card balances low.

Mortgage Payment
It’s possible you may qualify for a loan amount that would require a higher monthly mortgage payment, but you may not want to stretch yourself too far financially. If that’s the case, you should calculate how much you’d be comfortable paying for your mortgage payment. Use a Home Affordability Calculator to give you an idea of your potential monthly mortgage payment, and how much you'll be able to borrow.

Mortgage Basics
Once you’ve figured out what you want in a home, how long you plan on living there, and what you’re comfortable paying each month, you need to shop for a mortgage.
A mortgage is a legal document by which real property (your house) is pledged as security for the repayment of a mortgage loan. You can think of a mortgage loan like an auto loan, but instead of getting a loan to finance the purchase of a car, you’re getting a loan to finance the purchase of a home. It's a legal contract stating that you promise to pay back the loan on a monthly basis over a certain amount of time. Your monthly payment typically goes toward the loan principal, interest, taxes, and insurance. Although there are hundreds of variations of mortgages, you only need to know a few basics to understand how they work:

Fixed-rate mortgages have a fixed interest rate over the term of the loan. Most people opt for 30-year terms, but 15- and 20-year terms are available. The biggest advantage of a fixed-rate mortgage is that your interest rate and monthly payment do not change over the term of the loan. However, if interest rates happen to fall below your current fixed rate, you may be “locked in” to a higher rate and should consider refinancing.

Adjustable-rate mortgages (ARMs) usually start with a lower interest rate than a fixed-rate mortgage for an introductory period—typically one, three, five or seven years. After that initial introductory period, the rate adjusts—usually annually—based on a pre-determined index. As a result, the interest rate on your loan and the monthly payment will rise and fall with increases and decreases in overall interest rates. An interest rate cap limits the amount by which the interest rate can change. An ARM is a good choice if you're expecting to live in your home for seven years or less and it may also allow you to borrow a larger loan amount.

The down payment is the amount you plan to pay up front, in cash, when you buy a home. It is typically the difference between how much you borrow and the purchase price of your home. To avoid paying private mortgage insurance (PMI), a 20 percent down payment is usually required. However, many lenders offer many low and no-down-payment loans.

Get a loan before you house shop
It sounds counter-intuitive: why would you apply for a mortgage when you haven't even started looking for a house yet? The answer is simple. When you have a preapproval letter, you're in a better position to negotiate. Here’s why:
The seller knows that your offer is serious and valid, giving you a stronger edge over other buyers.
You know exactly how much home you can afford, saving you valuable time since you won’t be looking at homes outside of your price range.
You can close on the home you want in days—not weeks.
Your approval is good for four months* while you shop for homes.
If you’d like to know more about the home buying process, call Elegance Realty, LLC at 866-687-5543.

WELCOME TO ATLANTA METRO REALTORS BLOG

2006-07-21T20:06:00.000-04:00

Thank you for taking the time to read this Blog!

Whether you are being transferred by your company, relocating for a new job, or are just beginning to think about moving to Atlanta, I hope this blog will give you a good start in preparing for your move.

•Buyers? We look forward to helping you select the home of your dreams by taking time to listen to your needs and desires.
•Sellers? Our real estate expertise and many effective marketing programs will give you the exposure and edge you need to sell your home quickly for top dollar.
•Investors? Our goal is to provide first-time or experienced Residential or Commercial investors with superior service.

RELOCATING TO ATLANTA?
We consider this great metropolitan city an excellent place to reside and would love to share with you our enthusiasm for the many neighborhoods that encompass it. We understand the challenges of relocating and specialize in helping relocators find affordable homes in the Atlanta Area. We would be glad to send out a relocation package to you.

Sincerely,

Agent K
http://www.atlantametrorealtors.com