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West Princeton subdivision, Powder Springs, Ga., West Cobb
Harrison High School (up to $300,00) Harrison High School ($300,000-$500,000)
Harrison High School ($500,000 and over)
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Foreclosures can be good deals for homebuyers, but with 1.5 million of them on the market, shopping carefully is important to guard against walking into a money pit, where you end up paying more for the home do to repairs or other problems.
Here are some tips for anyone navigating the foreclosure market:
1. Don't pay too much. You may think, "duh!" but with so many exuberant buyers, bidding up a property beyond its worth can be easy to do. Don't allow the thrill of competition sway you -decide on your maximum price point before the offer is even made.
2. Get to know the banks (or have a real estate agent who does). Practitioners who establish relationships with asset managers at banks can facilitate good communication.
3. Factor in fix-up costs. Most banks would rather sell a property as-is, meaning no repairs, no allowances, nothing. Buyers should consider what shouldering that responsibility will cost. Touring the properties with a contractor can be a good plan.
4. Bid smartly. A good real estate agent should help the buyer get the inside track by gathering as much information as possible about other bids.
Source: CNNMoney.com, Les Christie (11/19/2009)
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I love mashups. I don't know how much good it does but I do like to embed them in my sites. I just came across SpotCrime and they have done a really cool job of geolocating crimes on Google maps. This app could easily be a winner but I think it's still pretty new. I tried going back 1 year to see what an area looked like and when I refreshed the map it displayed the one month data that was already there and nothing new. Either their db isn't old enough or there search is buggy. Still, I think this one is a keeper.
It does require registration for which you get automatic alerts for any crime events within 2 miles of your home.
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A lot of folks in real estate today complain bitterly how hard things are today. Yes there is a lot of change, and both real estate agents and companies are going out of business. In that sense real estate is not different than it was years ago. Today we have incredible mortgage rates, yet agents want buyers to have down payment assistance DPA and 100% financing. Things were not easy for years while buyers had to save their down payments. You had to nurture them along. Your contact manager was a box of index cards with hand written notes,a dn dates on it.
As for doing business...things were much more difficult. The real estate business required a lot more driving while hand delivering contracts, and marketing materials. Real estate back then was a lot more time consuming, and there was even wear and tear on the autos while running errands. There was no such thing as multiple color photos, virtual tours, and BING or Google maps to make your showing day eaiser! We had to drive around wihta real estate map book that more often than not was useless. You had to preview what you were showing! So real estate in the good old days was not as good as many make it out to be. There was however a lot of unproductive wasted time, waiting, and not as much commission from fewer closed sales. It was a lot more costly to market yourself and services. However, I prefer real estate the way it is done today. More closings even is a lousy market is an everyday reality since the advent of the Internet. Despite all the bellyaching, we've never had it easier in the real estate industry. Contracts on-line, PDF files, emails, e-fax, GPS, cell phones, Blackberry's, personal computers, access to the MLS at home and cell phones, electronic lock boxes that notify you when the home is shown, websites, office intranets, emails, attachments, personal color laser printers, label maker printers, and so much more! Do you miss the old days? I don't!
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