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Liz Bankston

The Grinch to make guest appearance at Light Up Dunwoody

11-14-08
Liz Bankston

Light Up Dunwoody, an annual holiday tradition held at the Dunwoody Farmhouse, is scheduled for Sunday, November 23 from 4 - 7 pm. The Grinch will be making a special guest appearance at the Keller Williams Realty booth! The Grinch is feeling generous this season and will be giving free photo ops for you and your family!

  • Light Up Dunwoody

  • Sunday, November 23

  • 4 - 7 pm

  • Chamblee Dunwoody and Mt. Vernon Road

This Dunwoody event is organized by The Dunwoody Home Owners Association and will be featuring a parade, a North Pole Playground at the Shops of Dunwoody and Burger King parking lots as well as live entertainment by: Chesnut Singers, Vanderlyn Singers & Dancers, Kingsley Singers, Peachtree Charter Majorettes & Color Guard, Dunwoody High School Marching Band, DHS Steppin Wilcats and Stage Door Players!

Mark your calendars! And I'll see you behind the lens (I will be one of the photographers at the Keller Williams Atlanta Perimeter Realty booth snapping your photo with the Grinch!)

How to Sell your home in a Buyers' Market

10-30-08
Liz Bankston

Here's what it takes to sell your house...

Adjust your mindset:

  • Realize that you are no longer in a Sellers Market and you must adapt in order to get your home sold.

It wasn't too long ago that having the best home on the block meant that you would get the best price on the block, too. Not so in today's Atlanta real estate market. Having the best condition and location are still very important, however, no longer do they equate to getting the best sales price.

Understand the Buyers' Psyche:

  • Buyers want the same for less, or, they want more for the same.

Plain and simple, Buyers have many homes to chose from in today's market and yours must stand out amongst the competition. How do you stand out? By giving the same for less, or by giving more for the same. Take a critical and honest look at your home's condition and location, then price accordingly.

In a Sellers' Market, Buyers tend to be emotional about a house.

Conversely, in a Buyers' Market, Buyers seem to be logical about a house.

What makes a person decide to buy a home? The number one reason is that they are afraid they'll lose it. It will be gone. Sound crazy to you? Take a look at my argument and you'll see that it works for both a Sellers Market and a Buyers Market...

In a Sellers' Market, not much inventory exists and it is common to have multiple offers on the same property. When a Buyer finds a property that meets their needs and desires, they will do what it takes not to lose it. Emotion takes over and even if it means a bidding war, and, perhaps even over paying, they'll do it so as not to lose the house.

In a Buyers' Market, a lot of inventory exists. A Buyer will typically see 3 or 4 times more the the amount of homes they do as in a Sellers Market. A Buyers' Market Buyer, otherwise known as a Seymour as in see-more, is driven by logic - he wants to see everything, know everything, research everything. He will know the market like the back of his hand. He is waiting for the right house. He is reluctant to buy until he finds the one and the only way to 'capture' a Buyers' Market Buyer is to give him what he is looking for... the same for less, or, more for the same ...making him feel that your home is such a great deal that he'll likely lose your house to another buyer. That it will be gone. That scares him. Logic says this a great home at a great price. Emotion kicks in and will tell him he must make an offer so as to not lose your home.

Even in a Buyers' Market, fear of loss is the still the number one reason why people buy. Make your home that compelling case where both emotion and logic win.

How's the market?

10-18-08
Liz Bankston

How is the real estate market is the number one question we are asked, whether we are at the grocery store, at a party, at the ball fields, the tennis courts, the pool, on the phone with a friend or relative, or just walking down our very own street chatting with our neighbors. It's a question that everyone wants to know the answer...even if they are not currently selling or buying a home, they still want to know. Perhaps it is to estimate their home's current value. Or, perhaps it is wanting to have some real world interpretation of what the real estate market is doing in their own backyard vs the media's broad range of coverage through out the US.

SO...how IS the real estate market in Atlanta?

Real estate is dynamic. Two years ago was different than today. Two years from now promises to be different from today. What do I mean by this? In any real estate market, it is important to recognize the market trends. AND how to best take advantage of these trends. In every Real Estate market, there is opportunity.

Today's current market presents many opportunities for Atlanta buyers: historically low interest rates - currently 5.5 30 year fixed, large selection of available homes to choose from for both resale and new construction, and most sellers are willing to compromise to facilitate the sale.

Buyers today have the opportunity to afford a home or neighborhood that they previously may not have been able to afford. Buyers today have the opportunity to diversify their portfolio by buying properties as investments. Additionally, 1st Time Buyers today have the opportunity to take a $7500 federal tax credit.

Interested in creating your own opportunity? We'd love to help make it happen...contact us.

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What makes my day!

10-18-08
Liz Bankston

In any line of work, I would imagine that there are definite highs and lows...for me, being a Realtor, there are definite highs and definite lows. Some days are filled with a lot of stress. Those days would be the lows. I could go on about what those stresses are, but I would prefer to write this article about ‘what makes my day'...We have a client that recently purchased a home in Dunwoody, in fact she is still finishing up her unpacking and painting...making it just right for her and her family. Anyway, she emailed me to let me know she was very excited that she had just ordered a ‘lil giant ladder' (on my recommendation from one of the conversations we had had while searching for her perfect new home). And that was nice to hear, but, what was even nicer to hear was that she LOVES her new home! Well, that just made my day!

Today's Economy and Atlanta Real Estate

10-18-08
Liz Bankston

Today's Economy and Atlanta Real Estate

Categories: Atlanta Real Estate News, Market Conditions

Everyone needs to have a roof over their head. With this in mind, it seems logical that being Realtors we should have job security.

On top of everyone's minds these last few days is the economy. Just watch a few minutes of any news report - CNN or Fox, pick up the AJC or any other paper, or check the headlines on the Internet - MSN, google or Yahoo, and you are bombarded with the bail out drama.

Regardless of which bail out plan, if any, that you prefer for the federal government to approve, there is one thing certain...Americans will always be in need of food, water, and shelter. Hence my theory that Realtors have job security being that we are as Realtors are in the business of helping people find shelter (homes, that is).

I sat down and came up with a short list of real life reasons why there will always be a need to buy homes - here they are...Are you a first time home buyer who wants to stop throwing away your money on rent? Do you want to diversify your financial portfolio and buy an investment property? Is your family expanding and you simply need more space? Are your kids in the right school district? Do you want to help the environment by living in an eco-friendly home? Did you just have a baby and need another bedroom? Are you getting married? Are you commuting too far? Are you getting transferred with your company and need to relocate? Are the kids out of the house and you don't need the space anymore? Did you just get a promotion at work and can now buy your vacation home? Or, are you getting a D?

The list goes on and on...Americans will always need a roof over their heads and we are here to help them find their roof of choice, that is, their home of choice.

Historic low interest rates on 30 year fixed mortgages and plenty of inventory to choose from make this the best time to buy a home in the past 10 years!