Photos from Jamie Parker Snellville Realtor, Gwinnett Realtor
Beautiful picture of a snow capped home in the Kensington Subdivision during our recent winter weather event (January 19, 2009).Located in: Snellville, GA
Should I or shouldn't I refinance and take advantage of these awesome interest rate? Is it worth paying money to refinance or to go with a no cost refinance?
Pay to Refinance:
Pros: You get an awesome rate if you have excellent (over 700) credit. Rates can be as low as 4.5%. These rates are incredible. We have not seen rates this low in my lifetime. I am a proponent, much to the shirgrin of some of my mortgage friends, of not paying to refinance. However, if you can drop your rate more than a point, it is well worth paying or even rolling it into your loan if need be.
No Cost:
This is a great option when rates are low, you don't want to roll money into your house and owe a higher rate. The beauty of this type of loan is that even if there is a 1/4 point drop from where you are at, you will still save money. The rates will be nearly a 1/2 percent or more higher than a full price refinance.
My Value is Down:
What if I am not currently paying PMI but can get a 4.5 percent rate. However, the value of my property has fell wher I am just short of the 20% equity mark. Is it worth it.
Yes! Yes! Yes!
PMI is a temporary problem. Within a year, you could lose the PMI if you pay some extra on the principal in addition to what is already included in your payment. Once you lose the PMI, you will see a payment reduction of over $150 versus a 5.87% rate that you currently have without the PMI. Plus, think of how much less money you will pay in interest.
I was recently the victim of a horrendous hair cut. It was totally uneven, hairs stuck up, etc. In short, it was very difficult to work with. After a few weeks of no luck in getting it to look right, I decided that I had to go to another salon.
I had a listing appointment with the owner of the Family Choice Hair Salon in Lawrenceville, Georgia. It is right on the Snellville/Lawrenceville line, making it convenient to both cities. They offer a full array of services including coloring, eye brow trims, etc. They offer really reasonable prices- a beard trim and cut ran $18. That is quite a deal
You will not find a salon with more friendly staff. The owner will pamper you and spend the time it takes to get your cut right. It took her more than an hour to fix my hair and it looks great. I am very pleased and would recommend her to anyone. Check out their site: http://www.familychoicesalon.com/
| Office Code: PRAY01 | JAMIE PARKER |
| Area | Prop Type | New | Avg LP | Pending | Avg LP | Sold | Avg SP | %SP/OLP | Avg DOM |
| 64 | RES | 384 | $212,132 | 136 | $148,403 | 43 | $126,490 | 94.10% | 85 |
| 384 | $212,132 | $148,403 | 43 | $126,490 | 94.10% | 85 |
| Information herein is provided by Seller and is, therefore, not guaranteed. |
DIfferent areas of Snellville are seeing different results. See below:
Brookwood High School Area:
| Residential Detached - Sold | ||||||||||||
| RES | ML# | Status | Address | Area | Map | Subdivision | BR | Bath | Year Built | List Price | Sale Price | Activity Date |
| 1 | 3813683 | Sold | 1315 Kildare Ct SW | 64 | 744G9 | WATERFORD TOWNSHIP | 5 | 4/1 | 1999 | $599,000 | $515,000 | 2/6/2009 |
| 2 | 3814718 | Sold | 1011 Nash Lee Drive SW | 64 | 791F1 | Nash Lee Estates | 5 | 4/0 | 2006 | $314,000 | $300,000 | 1/30/2009 |
| 3 | 3828441 | Sold | 1260 BULLOCK PLACE | 64 | 792B1 | BROOKWOOD COMMONS | 5 | 4/0 | 1993 | $219,900 | $222,900 | 2/9/2009 |
| 4 | 3771910 | Sold | 792 ROXBORO TRACE | 64 | 09A9 | RIVER OAK VILLAGE | 4 | 3/0 | 1976 | $148,900 | $145,000 | 1/29/2009 |
| 5 | 3822912 | Sold | 2746 Jo Beth Dr SW | 64 | A9A | POOLE CREEK FOREST | 3 | 2/0 | 1973 | $139,900 | $137,500 | 2/5/2009 |
| 6 | 3820023 | Sold | 1065 LAUREL COVE DRIVE | 64 | 744B9 | DOMINION WALK | 3 | 2/0 | 1996 | $124,900 | $116,000 | 1/30/2009 |
| 7 | 3830764 | Sold | 3435 RIVER DRIVE | 64 | 743H9 | NONE | 4 | 2/0 | 1971 | $74,900 | $70,000 | 2/6/2009 |
While Brookwood is grouped in Area 64 with other lower performing areas, you can see that in the last 2 weeks there have been some sales and the prices are higher than in the area the district is grouped in.
Click here for a list of Brookwood Best Buys
There are 370 active listings in Brookwood with 250 of them listed for over $193,000
Help the economy- don't be afraid to buy in an award winning school district like Brookwood
A consortium of builders has gotten together to help buyers purchase their homes. They take care of the 3.5% FHA down payment. This, coupled with the $7500 tax credit for new home buyers, creates the perfect opportunity to get into that new home. These homes are short sales or distressed properties. If you want more info, email me or call me at 404-483-7816.
The communities range from Tucker/Lilburn area as far north as Braselton. The closings also go fast- my client closed in less than 16 days (binding 12/16 and closed 12/31).
Every January, I look at all of the things that I spend money on and evaluate whether there are other alternatives or whether the expense is even necessary. Here are some tips that may help you save some money going into the new year.
1. Shop for your auto and home insurance. Just because you have been with the same company or agent for years, it doesn't mean you are getting the best deal available. I have done so recently and will be saving $500 a year- not chump change.
2. Do you own a home? If so, if your interest rate is 5.75 or higher, refinancing now may be a good option to save you money. With rates hovering around 4.87-5.00%, now is a great time to save money. Lowering your rate a percent could save you several hundred dollars each month. This is one of the times that paying to do a refinance is very beneficial. You will recoup your initial cost in less than 2 years.
3. Look at your cable,internet and telephone companies. Shop around to make sure you are getting the best possible rate. Use competition to keep your rates reasonable. Your current company will not want to lose you to the competition and will likely go to great lengths to keep you as a customer.
4. If you own a business, look at your expenses and see if you are getting any benefit out of them. For example, if you use a referal service, how much money are you making relative to the amount you are spending? Is it worth it?
5. Look introspectively at what you do in order to make money. Is it meeting your family needs? Is it fulfilling personally? Don't forget to be willing to take a calculated risk if the potential impact for your family could be great.
Good luck in 2009.
Your Gwinnett Realtor, Snellville Realtor who is committed to helping you and real estate needs. Check out my Snellville homes for sale, Gwinnett homes for sale and my Atlanta homes for sale.
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