New home for sale Savannah Georgia area

418

Savannah Area Multi List number 166319  $229,900

Home listed by ERA Southeast Coastal Real Estate 912-826-2550

  • 4 bedroom
  • 2 full baths
  • 1/2 acre lot
  • Full brick exterior
  • Side entry 2 car garage
  • Bright kitchen with work island
  • Covered back porch
  • 1840 Heated square feet

Community: Honey Ridge-Guyton Georgia

Amenities: Community pool, fitness, tennis

Georgia office license number: H19887

For more information: https://www.era.com/property/418-Wrigley-Field-Drive-Guyton-GA-31312/M-166319-GA_SABOR/detail

NAR presents 2018 housing forecast

Post-hurricane jobs numbers not as strong as expected The October jobs report is in, and the numbers are a mixed bag. The U.S. economy added 261,000 nonfarm payroll jobs in October, according to the U.S. Bureau of Labor Statistics. A hiring rebound at restaurants and bars impacted by recent hurricanes helped boost numbers. However, October’s jobs…

via Wages not rising as fast as home prices; NAR presents 2018 housing forecast — Mortgage Rates, Mortgage News and Strategy : The Mortgage Reports

For sale or On sale

 

A good time to buy and a good time to sell

The first thing that came to my mind when I read a post by a local real estate agent on social media saying that we were in a “hot market”, was to take my sign down.  I still had a lot of packing to do.  Downsizing could take a while and I can not get out that quick.  Real estate markets vary by location and are driven mostly by economic factors in an area that influences supply and demand. market

Here are my tips to make it easy for you to know how your area is performing and if it is the right time for you to buy or sell.

Hot market

  • Real estate agents in your area have ready, willing and able buyers just waiting for a new listing to hit the MLS, due to very low inventory
  • The list price is generally the starting price and buyers bid up
  • Quick closings, as buyers are mortgage ready or have cash, closing within 30 days
  • Buyers are scouting the neighborhood and when your sign goes up they leave a note on your door with an offer
  • Your agent will hold a “public open house” and state a time and date that you are open to review offers
  • Buyers will make an offer without coming into town or viewing the home

Seller’s market

  • Homes sell at list price
  • Prices are stable or increasing
  • Buyer incentives paid by the seller are added onto the list price
  • Seller offers few repairs only if necessary to obtain financing and may ask the buyer for a contribution
  • Low inventory
  • Start of the selling season, defined by your local area trends
  • Average days on the market are less than 60

Buyers market

  • Prices decreasing in an area
  • Average days on the market are more than 60
  • Sellers are advertising price reductions
  • Sellers are offering buyer incentives such as loan closing fees without increasing the price
  • Sellers are offering other incentives such as new appliances, repairs, and cosmetic updates
  • Homes are on the market at the end of a selling season, like late fall or the beginning of a school year depending on your area trends

Working with a real estate professional and having a market analysis prepared for the area you are planning to buy or sell will easily give you this information.

Happy home buying and selling 🙂 It’s a piece of cake

Alice

 

 

My Fence in Your Yard…

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I’m just going come right out and say this as clear as I can…if you are not exacttly sure of the boundary lines and the location of all improvements including those tanks buried under ground on a piece of property you are preparing to purchase, hire a surveyor.

One of the most common problems in a real estate transaction discovered after the sale is a boundary line issue.  In almost every case that I have seen a new survey would have revealed the problem.

Most commonly it is a driveway or fence that inches over onto a neighbors land.  In a more extreme case a home buyer  built a home on a lot in a new home community.  All the legal work including their ownership deed and mortgage referenced the purchase of a different lot the builder owned.  As a result, they owned a very expensive house built on a piece of real estate they did not legally own. The mistake was discovered years later when they decided to sell and it is a title mess. Along with the fact that you must get the person who owns the land your home is on to agree to sell it to you.

Many buyers rely on tax maps, subdivision plats, plot plans, concrete markers, flags, iron pins , natural barriers and a number of other monuments to identify boundaries.  In most cases these identifiers are accurate. But the most accurate is a new survey at the time of purchase.

For more information:http://nsps.site-ym.com/?page=WhenyouneedaSurv