Tucker, GA

Appraisals Are Causing Traffic Jams on the Closing Highway

The real estate industry is paying the price for past sins in the mortgage loan side of the business. We all now realize credit was too easy to get and buyers who had no business buying a home were given the opportunity to purchase over priced homes using mortgage loans that could never be paid off.

So, the big fix was put in place by UNCLE SAM and now we have the not surprising result of too much government intervention in the mortgage loan process.

POINT IN CASE: A Tale fo Two Listings in Tucker Georgia

Two very similar homes in the same subdivision went under contract within a few weeks of each other. House number one was a short sale. House number two was a plain vanilla listing where the owner wanted to sell his present home and purchase a larger one.

On my short sale listing I submitted all the necessary documents to the lender and immediately started to follow up. I am a Certified Distressed Property Expert (CDPE) and have a good bit of experience with short sales. Everything on the short sale was proceeding as smoothly as one could hope. The coop Agent was with a really sharp Realtor, Becky Vinson, who had her buyers prepped and ready to purchase a short sale listing.

On the plain vanilla listing we had a bit of back and forth with the buyers on the inspection amendment but in the end we worked out things pretty much to every ones satisfaction. The buyers were well qualified and all systems were on go.

The sale price of both homes was comparable. The homes were within a couple hundred feet of each other on the same street in the same subdivision.

PLAIN VANILLA HOUSE DOES NOT APPRAISE

On the plain vanilla house listing, the appraisal came in $10,000 below the contracted sale price. When we finally got access to the appraisal we learned the appraiser had used comparables that were in another subdivision in a different school district! I repeat, the comparables were not in the subject subdivision. The comparables were also in a completely different school district! That is a HUGE difference here in the Atlanta market. My seller was not willing to give up $10,000 and the deal tanked.

SHORT SALE LISTING SAILS THROUGH APPRAISAL PROCESS

Within a week the short sale listing, which is just a few doors down from the plain vanilla listing, CLOSED. The appraisal came in fine using comparables from within the subject subdivision.

NO ONE IN THE TRANSACTION HAS ACCESS TO THE APPRAISER

So, it seems obvious that we just mention to the appraiser that "hey, you used comparables in a different subdivision and in a different school district." That seems like a pretty easy situation to correct. Why not use comparables within the subject subdivision! After all, it is a large subdivision with 120 plus homes so there is enough activity to determine a comparable value. But no, we can't access the appraiser. We ARE NOT ALLOWED to have any input in the appraisal process because we could put pressure on the appraiser to do something fraudulent.

COMMON SENSE IS NO LONGER PART OF THE APPRAISAL PROCESS

So even if we have some words of wisdom to share with the appraiser, can't do it! No way no how! UNCLE SAM has determined that the appraiser must work in a sound poof chamber and make decisions independent of everyone else in the transaction.

PLAIN VANILLA LISTING HITS A TRAFFIC JAM ON THE CLOSING HIGHWAY

So my seller who has the plain vanilla listing is back on the market because appraisals are causing traffic jams on the closing highway.

Think about how many sales transactions this will affect down the road. My seller was going to buy another home here in Atlanta. A move up seller somewhere in Atlanta missed the opportunity to sell and close their home before Christmas. It is a chain reaction. The failure to close this one transaction may have prevented the sale of 4 or 5 additional houses here in Atlanta. We are never going to remove our excess inventory in the Atlanta market if appraisers are not going to use common sense.

3658 Windy Court Tucker Georgia 30084 Home for Sale in Winding Woods Subdivision

$ 274,900

Fully Renovated Ranch

New Kitchen

Updated Baths

Sun Room Addition

New Roof

3658 Windy Court Tucker Georgia 30084 Home for Sale in Winding Woods Subdivision

¨ 3 BRs. 2 BATHS.

¨ MAJOR RENOVATIONS: 2003 through 2009.

¨ New roof (2009)

¨ New hot water heater

¨ New light fixtures

¨ New Hunter ceiling fans in many rooms.

¨ 2 inch wood blinds through out home.

¨ SUN ROOM completely renovated in 2003. Ceramic tile floor (18 inch). Double French doors to family room. Three walls of light. Overlooks water feature in private back yard. French door to patio. Skylight. Dedicated Mitsubishi 1 ton heat pump for independent heating and cooling.

¨ RENOVATED KITCHEN features white painted cabinets (2006), granite countertops (2006), tumbled marble tile backsplash (2006). Hardwood floors. Recessed lighting with dimmer (2009). Double Stainless steel sink (extra deep) with garbage disposal.

¨ PREMIUM APPLIANCES: GE Triton XL dishwasher (Stainless steel finish), Kenmore oven and microwave oven combination (white finish),

¨ BREAKFAST ROOM adjacent to kitchen overlooks back yard and water feature through wall of windows. Hardwood floors. Pantry with custom ELFA shelving.

¨ LAUNDRY ROOM has washer and dryer connections, cabinets, ceramic tile floor, new laundry sink, new exterior (9 light) door to back yard (2009).

¨ FORMAL DINING ROOM is open to living room. Oak hardwood floors. New chandelier (2009). Oversize window.

¨ OVER SIZE FORMAL LIVING ROOM features hardwood floors. Open to DR and front foyer.

¨ Slate floor and coat closet in front FOYER.

¨ MASTER BEDROOM has hardwood floors, double door closet with custom ELFA shelving. Single door closet with ELFA shelving. Ceiling fan and light. Private entrance to master bath.

¨ UPDATED MASTER BATH (2009) has a white ceramic tile floor, white vanity cabinet with solid surface countertop and vanity sink (white). Walk in shower with new white ceramic tile floor. Ceramic tile walls. New shower fixtures and oversized shower head. New opaque shower door. New low flow toilet. Window.

¨ BEDROOM # 2 has hardwood floors, ceiling fan and light, Bi-fold door closet with ELFA custom shelving. 2 windows.

¨ BEDROOM # 3 also has hardwood floors, ceiling fan and light, bi-fold door closet with custom ELFA shelving. 2 windows.

¨ RENOVATED HALL BATH features a vanity cabinet with solid surface countertop and sink, ceramic tile floor, tub/shower combo. Wall cabinet. New low flow toilet.

¨ TWO CAR GARAGE with automatic door opener and remote controls. New paint. Lots of storage and custom ELFA shelving. Storage room off garage.

¨ Additional ATTIC STORAGE. Linen closet.

¨ FRONT YARD features recently installed plants/shrubs with landscape plan by PIKE DESIGN GROUP. Huge magnolia tree.

¨ PRIVATE FENCED BACK YARD ready for your pet, back yard games and fun. Built in water feature restored in 2009 (fountain/waterfall). Patio. Sidewalk to front yard. Herb garden along sidewalk.

¨ CAPE COD STYLE PLAYHOUSE in back yard. (8X10). Built in sand box. Vegetable garden area.

¨ EASY WALK to Winding Vista Swim and Tennis Club. Walk to Midvale Elem School.

¨ Seller is a Georgia licensed real estate sale person.

¨ Convenient commute to EMORY UNIVERSITY / CDC / VA Medical Center /Midtown.

¨ Midvale ES

¨ Tucker MS

¨ Tucker HS: International Baccalaureate degree program

3658 Windy Court Tucker Georgia 30084 Home for Sale in Winding Woods Subdivision

Call Sally English and The English Team to see this home or others in the neighborhood. 770-939-3174.

The English Team specializes in homes convenient to Emory University and homes convenient to the Centers for Disease Control.

We look forward to assisting you with your home buying or home selling needs.

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Quickbooks Courses Offered in Tucker (Atlanta) Georgia - Evening & Weekend Classes

For additional information, visit http://www.QuickbooksTrainingAtlanta.com.

This course is eligible for Continuing Professional Education (CPE) Credits.

Why attend this Atlanta Quickbooks training class?

• These quickbooks classes are taught by a tech-savvy acccountant with 15 years' experience. You not only learn the technical side of QuickBooks, you also learn fundamental accounting practices.
  
  
• Small class sizes (limited to 8 students), so you get the benefit of personalized attention.
  
  
• Computer-based training. Each student gets their own workstation, so it makes it easy to follow along with the class.
  
  
• Affordably priced classes to fit in your budget. This course is $100 less than most classes in the area.
  
  
• All Quickbooks classes are conducted at an Inuit approved training centerconveniently located near Lavista Road and I285 in Atlanta.
  
  
• All classes use Intuit approved curriculum, and your Quickbooks class tuition includes Intuit approved textbooks.
  
  
• Quickbooks classes are held on evenings and weekends, perfect for someone with a busy schedule.
  
  
• Quickbooks Certification Exam at 50% off the price.
  
• Free 140-day trial of Quickbooks Pro 2009.

For additional information about the class, please click here or visit QuickbooksTrainingAtlanta.com.
Toregister for the next weekend Atlanta Quickbooks training class, click here.

Next Class October 2009 Weekends:
Date(s): 2 consecutive Saturdays and Sundays
October 17, 18, 24, 25
Time: 9:00 am to 1:00 pm

Next Class October 2009 Evenings:
Date(s): Monday - Friday
October 19 - 23, 2009
Time: 7:00 pm - 10:15 pm

WINDING WOODS Subdivision Tucker Georgia 30084 MARKET ANALYSIS

As of September 12, 2009

WINDING WOODS Subdivision Tucker Georgia 30084 HOMES FOR SALE

3603 WINBROOKE LANE $255,000

2317 WInding Woods Drive TUCKER GEORGIA 30084 $249,900

Call Sally English and The English Team to see this home or other WINDING WOODS SUBDIVISION IN TUCKER GEORGIA HOMES FOR SALE. 770-939-3174. Buyers Agency available.

The English Team specializes in homes convenient to Emory University and homes convenient to the Centers for Disease Control.

WINDING WOODS Subdivision Tucker Georgia 30084 HOMES SOLD

3613 Winbrooke Lane TUCKER GEORGIA 30084 $329,700

4428 LaVista Road TUCKER GEORGIA 30084 $300,000

2242 Winding Way TUCKER GEORGIA 30084 $319,000

2223 Winding Woods Drive TUCKER GEORGIA 30084 $280,000

2290 Winding Woods Drive TUCKER GEORGIA 30084 $274,000

2292 Crestcliff Drive TUCKER GEORGIA 30084 $289,900

2320 Crestcliff Drive TUCKER GEORGIA 30084 $270,000

2244 Winding Woods Drive TUCKER GEORGIA 30084 $269,900

3693 Windy Court TUCKER GEORGIA 30084 $256,500

3686 Windy Court TUCKER GEORGIA 30084 $266,000

2211 Winding Way TUCKER GEORGIA 30084 $256,000

3664 Windbrooke Lane TUCKER GEORGIA 30084 $237,000

2220 Winding Way TUCKER GEORGIA 30084 $240,000

2204 Winding Woods Drive TUCKER GEORGIA 30084 $242,999

2277 Winding Woods Drive TUCKER GEORGIA 30084 $238,450

2262 Wender Way TUCKER GEORGIA 30084 $235,000

3618 Windy Court TUCKER GEORGIA 30084 $210,000

For a FREE MARKET ANALYSIS of your home in WINDING WOODS SUBDIVISION IN TUCKER GEORGIA 30084 call Sally English and The English Team. 770-939-3174

We can help you make a market valuation of your home.

Ask Sally about advice for selling your home quickly in a challenging real estate market.

CALL Sally now for an updated list of homes for sale and homes sold in YOUR Subdivision.

Empire Square Subdivision in Tucker Georgia 30084 MARKET ANALYSIS

AS OF September 11, 2009

Empire Square Subdivision in Tucker Georgia 30084 HOMES FOR SALE

2465 Regency Drive West Tucker Georgia 30084 $350,000

Call Sally English and The English Team to see this home or other Empire Square Subdivision in Tucker Georgia 30084 HOMES FOR SALE. 770-939-3174. Buyers Agency available.

The English Team specializes in homes convenient to Emory University and homes convenient to the Centers for Disease Control.

Empire Square Subdivision in Tucker Georgia 30084 HOMES SOLD

2610 Regency Drive East Tucker Georgia 30084 $374,000

2580 Regency Drive East Tucker Georgia 30084 $363,500

2622 Regency Drive West Tucker Georgia 30084 $325,000

3552 Midvale Road Tucker Georgia 30084 $287,000

For a FREE MARKET ANALYSIS of your home in Empire Square Subdivision in Tucker Georgia 30084 call Sally English and The English Team. 770-939-3174

We can help you make a market valuation of your home.

Ask Sally about advice for selling your home quickly in a challenging real estate market.

CALL Sally now for an updated list of homes for sale and homes sold in your subdivision.