Fairfield Plantation 2023 Annual Election Results
Fairfield Plantation 2023 Annual Election Results
Ready for Lake Living within an hour of Atlanta? Fairfield Plantation offers a gated community, a 300 acre Fish and Ski lake, 18 hole golf course, swim and tennis, pickleball, basketball courts, walking trails, rec center, clubhouse, marina, two restaurants, one at the golf club house and one at the marina, and ongoing community activitues. Take a look at this detailed tour and let's a schedule a showing. 770-294-9976
Tour This Home = http://bit.ly/3LGEu1o
Chip Hurst, Heritage Oaks Realty 770-294-9976
We get this question a lot as Realtors. The bank will inspect the house so we should be good, right? Well not exactly. We always recommend hiring a private home inspector that will evaluate the home's systems and conditions and provide a report to review within the due diligence period. This will allow you to assess any problems or cost involved to repair and or negotiate with the seller of these items and in some instances require you to terminate the contract within the due diligence period. While the bank will order an appraisal on the property, the appraiser will not look in detail of the condition like a private home inspector will. If you would like a referral to a local home inspector in the West Atlanta area, please reach out!
If you’re planning to buy a home, an inspection is an important step in the process. It assesses the condition of the home before you finalize the transaction. It’s also a different step in the process from an appraisal, which is a professional evaluation of the market value of the home you’d like to buy. In most cases, an appraisal is ordered by the lender to confirm or verify the value of the home prior to lending a buyer money for the purchase. Here’s the breakdown of each one and why they’re both important when buying a home.
Here’s the key difference between an inspection and an appraisal. Bankrate says:
“In short, while an appraisal helps you understand a home’s value, inspections help you understand a home’s condition.”
The home inspection is a way to determine the current state, safety, and condition of the home before you finalize the sale. If anything is questionable in the inspection process – like the age of the roof, the state of the HVAC system, or just about anything else – you as a buyer have the option to discuss and negotiate any potential issues or repairs with the seller before the transaction is final. Your real estate agent is a key expert to help you through this part of the process.
The National Association of Realtors (NAR) explains:
“A home purchase is typically the largest investment someone will make. Protect yourself by getting your investment appraised! An appraiser will observe the property, analyze the data, and report their findings to their client. For the typical home purchase transaction, the lender usually orders the appraisal to assist in the lender’s decision to provide funds for a mortgage.”
When you apply for a mortgage, an unbiased appraisal (which is required by the lender) is the best way to confirm the value of the home based on the sale price. Regardless of what you’re willing to pay for a house, if you’ll be using a mortgage to fund your purchase, the appraisal will help make sure the bank doesn’t loan you more than what the home is worth.
This is especially critical in today’s sellers’ market where low inventory is driving an increase in bidding wars, which can push home prices upward. When sellers are in a strong position like this, they tend to believe they can set whatever price they want for their house under the assumption that competing buyers will be willing to pay more.
However, the lender will only allow the buyer to borrow based on the value of the home. This is what helps keep home prices in check. If there’s ever any confusion or discrepancy between the appraisal and the sale price, your trusted real estate professional will help you navigate any additional negotiations in the buying process.
The inspection and the appraisal are critical steps when buying a home, and you don’t need to manage them by yourself. Let’s connect today so you have the expert guidance you need to navigate the entire homebuying process.
Over the past year, home prices have been a widely debated topic. Some have said we’ll see a massive drop in prices and that this could be a repeat of 2008 – which hasn’t happened. Others have forecasted a real estate market that could see slight appreciation or depreciation depending on the area of the country. And as we get closer to the spring real estate market, experts are continuing to forecast what they believe will happen with home prices this year and beyond.
Selma Hepp, Chief Economist at CoreLogic, says:
“While 2023 kicked off on a more optimistic note for the U.S. housing market, recent mortgage rate volatility highlights how much uncertainty remains. Nevertheless, the continued shortage of for-sale homes is likely to keep price declines modest, which are projected to top out at 3% peak to trough.”
Additionally, every quarter, Pulsenomics surveys a panel of over 100 economists, investment strategists, and housing market analysts regarding their five-year expectations for future home prices in the United States. Here’s what they said most recently:
So, given this information and what experts are saying about home prices, the question you might be asking is: should I buy a home this spring? Here are three reasons you should consider making a move:
Experts are projecting slight price depreciation in the housing market this year, followed by steady appreciation. Given that, you may be wondering if you should move ahead with buying a home this spring. The decision to purchase a home is best made when you do it knowing all the facts and have an expert on your side.
Let’s connect so you can make the most informed decision about your next move.
Are you in the market for a new home in the West Atlanta Area? Many people of familiar with the FHA loan that requires a minimum of 3.5% down but did you know what your loan options are? Depending on the location of the home you find and want to purchase, you may want to check out the USDA Home Loan program.
Why USDA? Yes, the same folks that stamp your meat at the grocery store has a divison that loans funds for rural development such as home purchases to name one. The catch is that is the home must be in the specified area to be eligible and there are income limits that you can't go over.
So what are the benefits to the USDA home loan program? Here it is in a nutshell.
Have a property to verify USDA Eligiblilty click below
USDA Eligiblity Map
These bank owned home are moving fast with first time home buyers and investors a like trying to get in these great deals. With the pace of foreclosure slowing down a but from a couple of years ago, prospective buyers are waiting to pounce on the right property. Here below you will find the 5 lastest foreclosures to hit the mls. Feel free to sign up and save your searches and get properties emailed to you as soon as they are listed.
Traditional Two Story Home in Swim/ Tennis Neighborhood. Large Rooms, Open Floor Plan. Kitchen with work island, and view to Family Room. Hardwood Flooring, Full Unfinis...
Traditional 2 Story Home located in Swim Community. This neighborhood has a small lake with playground and in ground pool. Nice Outdoor Space. Home has Covered Porch, in...
Cute starter home has laminate hardwood floors and fireplace in the living room. The master bath has a jetted tub. Fenced back yard and outbuilding for storage. 3 BR, ...
First buyer walked!!!! Now's your chance to own this beautiful two story traditional home sits on a full unfinished basement & offers plenty of room for entertaining! Loc...
Great investment!!!! Bank owned 2bd/1ba ranch on a large level lot. Open eat in kitchen, large living room with hardwood floors, covered front porch, vinyl siding & metal...
As the first quarter of 2103 comes to a close, I will show you some real stats on what HUD and other similar homes are selling for on the market.
Many bidders beleive they can come in a swoop up one of these at a huge discount. A couple of years back that may have been the case. We were seeing some nice discounts given expecially for homes that sat on the market for a while. Times have changed in the last year with the shortage of housing inventory.
So what should you bid on a one of these types of homes? Sure they offer a lot of incentives to purchase but what I am seeing out there now is that these homes are going over bid price and sometimes a lot more over. Below you will find listing data pulled from the local Georgia MLS of government owned homes from first quarter 2013. You can see that most of the homes sold at list price or above.
Keep this in mind when preparing your bid.
1. Don't get emotional and just bid to bid, really want that home.
2. Discuss if you are willing to go over the list price with your realtor.
3. Check with your lender to make sure you qualify for the amount of the purchase before bidding.
4. Check with your lender on how much closing costs will be covered and if you will have to make up any difference.
The spreadsheet below shows actual sold properties and their list and their sold price. Compare if they sale over list or below.
Hi, I work with buyers and sellers in the West Atlanta area. I can show and place your bid on any HUD property listed at Hudhomestore.com.
You can reach me at 770-294-9976 or Hurst.email@example.com
I look forward to helping you.
Maximum One Realty