Winter Baserva Realtor Atlanta, GA Homes For Sale

The 10 Biggest Mistakes Buyers Make in Today's Atlanta Real Estate Market (a series)

NUMBER ONE: Waiting!

What are you waiting for, the prices to get better? Perfectly timing the market to buy at the bottom? Approval from your family?

If the prices were good enough to be bought last year when they were higher, how can they not be
good enough now? Don't be part of the "shoulda, woulda, coulda" group. Decide to move forward, get a qualified REALTOR® who understands the process, get educated, so you can make an informed decision, and then as NIKE says, JUST DO IT!

Check Back Tomorrow for the 2ND Biggest Mistake Buyers Make in Today's Atlanta Real Estate Market!!!!!

In today's market, many people are so caught up in the labels of Atlanta Foreclosures and Atlanta Short Sales. These types of properties have almost become "auction houses" in the sense that people see the word Foreclosure and immediately assume that they'll be able to pick the property up for half of its value. We'll, unfortunately, there are many others who have the same idea. So, the banks are now receiving multiple offers on properties and actually have a CHOICE as to which one they want to go with. Now, they have started putting buyers into "bidding wars" against one another.

WHY WOULD YOU DO THAT IN TODAY'S MARKET?? While in the meantime, there are GREAT DEALS all around from average sellers who just NEED TO GET OUT OF THEIR HOME. This is the time when NOT to look at an Atlanta Foreclosure or an Atlanta Short Sale!

Buying directly from the seller has MANY benefits starting with the condition of the Home. There is usually a pride of ownership that comes with an owner who is trying to sell his home for top dollar. Not always, but you can generally count on the condition of the home to be visibly better. Remember, Atlanta foreclosed and Atlanta short sale homes have a higher amount of issues with them and upon acceptance of an offer, you just inherited anything materially wrong with the property.

Another advantage is fast decisions--owners are able to give you an answer typically in 48 hours or less. You will know right away if you have something that is achievable or if you need to move on to the next home. This is especially crucial when you are on "timeframes" of having to be out of your other house by a certain date or move before your lease has to be renewed.

Yet, another advantage is price flexibility---almost 40% of all the homes in the U.S. have no mortgage. This means the seller does not have to pay off a lien in order to sell their home. They literally have the ability to sell at any price. Also, with the current market conditions, there are a slew of owners who just need to SELL and are willing to reduce their price to less than what foreclosures and short sales are going for.

I could go on, but you get the point.....if you're focused on one specific area, there is a whole other piece of the pie you could be potentially missing.

One of those properties is featured below...IMAGINE...This Custom, Craftsman home costs less than MANY Atlanta Foreclosures on the market right now, but because it's not listed as a FORECLOSURE OR SHORT SALE, People are missing out on the opportunity to buy for $40,000k less than EVERYTHING else in the neighborhood and we are not talking "listing" prices, we are talking "SOLD" prices!!!

Luxury Living for ONLY a fraction of the price.....This is selling for $40k+ less than everything else!!!

HONESTLY, THIS SHOULD BE ILLEGAL!!!

Ask me how the lender will buy down the rate 1 point below market rate for one year for FREE!!

This sexy 4 bedroom, 2.5 bathroom house is directly off Barrett Pkwy near 75 & 575 in The Enclave at Laura Creek Gate Community in Marietta.

Built in 2006, this house has ALL THE UPGRADES!!
-18+ ft. ceilings with sky windows
-Hardwood floors
-Cherry cabinets from floor to ceiling
-Granite countertops
-Stainless steel appliances with warranty
-Custom-ceilings
-Stain-resistent carpet
-Tile blacksplash
-European-style hidges
-Double-sided stone fireplace
-Designer tile floors in bathrooms

The Masterbedroom is on the main floor and 3 bedrooms upstairs. Master has separate glass-enclosed shower and whirl pool tub, walk-in closets and custom tile and blacksplash throughout.

Also, this 3-level home has a finished media room on the first floor that makes for a great family room, office or play room.

This almost-new house is PRICED TO SELL!! So, why haven't you made an offer??

For more information or to see the complete listing, visit Buyer Full Page

Yeah, that's right...I said it....someone HAD to say it....Right now is the absolute PERFECT time to sell your Atlanta home...IF and ONLY IF, you can wrap your mind around one simple idea......ROLL UP!!!

If you want to sell right now, but feel like you "can't" because of "how much you have into your property," let me shed light on a few things. For one, you are not the only one in that situation, but if you NEEDED TO SELL, absolutely HAD to sell, you would sell at a loss. This is why we have so many Atlanta short sales and Atlanta foreclosures on the market right now. People HAD to sell and couldn't in time. So, IMAGINE how many other distressed sellers are out there right now that NEED to sell, but aren't at the "short sale" or "foreclosure" point yet. Now let me clarify one thing, there is nothing positive about a homeowner who is in distress. Actually, the only positive thing about a situation such as that is how much joy the seller has when someone DOES come along and buy their property-even if it is for less than they paid for it.

Back to selling your home at a loss....So, you owe more than it will sell for right now or you've upgraded more than you can get out of it which means you will probably take a loss on the sale of your Atlanta home. If you can put your ego aside and realize that that loss can so EASILY be made up on the purchase of your next home, you could find yourself in a very equitable situation in this down market. I know this concept isn't the easiest one to comprehend, but if you bear with me for just a few more minutes I think you'll see my point.

I frequently work in the Dunwoody/Sandy Springs area and a lot of my sellers are moving to next phase of their life---Buckhead homes. So, they purchased a Dunwoody home in 2005 for $630,000 and right now things in their neighborhood are selling for around $530,000. Yes, I do understand how much that hurts and I sympathize with your situation-it's quite common today.

Now let's look at the upside...If you were to sell at $530,000, you would be taking a $100,000 loss give or take. All you need to do is find an experienced buyer's broker to help you find AT LEAST that good of a deal on your next home-and believe me, THERE ARE SO MANY GOOD DEALS OUT THERE RIGHT NOW.

You now purchase a $750,000 Buckhead home that's valued for over $940,000 and you just profited $190,000 immediate equity minus your loss of $100,000 and you are sitting with $90,000 in a bear market!!!

Sounds crazy??? It's not. It's happening EVERYDAY!!! When will the market turn around?? When will my home generate massive equity?? These are questions only time can answer. But, one thing right now is for sure......Atlanta is an end-user town. There are over 5.3 million residents that live in this city. We have hundreds upon hundreds of the TOP global IT companies, major headquarters, National attractions, and I mean we are the Capital of Georgia. Equity WILL return and those who can get in on this buying opportunity, EVEN IF IT MEANS TAKING A LOSS ON THE SELLING SIDE, will reap the benefits.

Millionaires are made during recessions...If you want to become one of them, call me so we can sell your Atlanta house FAST and get you in your next CASH MACHINE while we are in this pivotal buying AND selling time!!!

Once upon a time, there was a buyer who wanted an Atlanta investment home; her name was Ms. Buyer. Not an enemy of rehabilitation and renovations, she sought out to find a "good priced" home that needed some work! So, she found the perfect real estate agent (Ms. Agent) and told her EXACTLY what she was looking for.

After about a week of searching, THEY FOUND THE ONE.--a 4,000 square-foot Atlanta foreclosure home owned by the bank. With over $120,000 of repairs needed just to make the home livable again (including mold, termites, water problems, and more), they were sure the bank would take their offer.

We'll so did someone else!!! By the time they submitted the offer, the bank had already accepted another offer........ "Who else would buy that home," said Ms. Buyer.

So, Ms. Agent scoured the Atlanta real estate market in search of the next best thing knowing her buyer's spirits were dampened from the loss of the home she wanted. Since Ms. Agent already KNEW what Ms. Buyer wanted, she spent countless hours searching online, running comparisons, driving through neighborhoods and previewing homes on behalf of her client.

In only a few days she found an AMAZING Dunwoody home that needed lots of repairs, but was out of Ms. Buyer's price range. Listed at $365,000 in addition to the repairs, was more than the she wanted to spend. So, Ms. Agent convinced Ms. Buyer to go ahead and "roll the dice" and submit a low offer. "There's no way the sellers will accept that. It's not even a foreclosure or short sale," said Ms. Buyer.

Ms. Agent wrote the offer and put her MASTER NEGOTIATING skills to work for her buyer. Within 4 hours, Mr. Seller came back and accepted the offer AS IS-NO CHANGES WHATSOEVER!!!!

A 5 bedroom/4 bath home located in Dunwoody in the Kingsley school district that was listed at $365,000 in a neighborhood where the last 5 bedroom/4bath home sold for $450,000 accepted a $320,000 offer and contributed $11,200 in closing costs.

Ms. Buyer JUST BOUGHT THIS HOME VALUED AT $450,000 FOR $308,800!!!!
Ms. Agent JUST SAVED MS. BUYER $141,200!!!!!

Although, I do love stories, this is NOT a fairy tale!!! This is a true life example of how yesterday I just saved my client $141,200 dollars and the power offers have in today's market place. What's even more amazing is that my buyer hasn't even seen this home yet. But, because she used my strategy and with the amount of money I just saved her, she doesn't need to.

While I can't promise that all my clients will receive this much equity in their purchases, I can promise that there are TONS of good deals out there and I'm an EXPERT at finding them!! And, as each day passes, more and more of them are getting picked up by buyers who are willing to swing the bat. I've never seen ANYONE buy get a good deal without making an offer!!!

So, WHAT ARE YOU WAITING FOR??? Call me today on my personal cell phone at 678-463-3173 and let me start making offers for you!! There's the hard way and the right way to find a home in today's market. Let me work smarter, so you don't have to work harder.

Call me today to start offering on some OVER PRICED Atlanta homes!!

That's Right!!! Fairy Tales Can Come True When You Believe in Winter......

Freddie Mac reports a decline in the 30-year fixed mortgage rate to 5.78 percent during the week ended September 18 from 5.93 percent the prior week, marking the lowest level in seven months.

During the same period, the 15-year mortgage rate dropped to 5.35 percent from 5.54 percent.

Meanwhile, interest on five-year adjustable mortgages slipped to 5.67 percent from 5.87 percent; and the one-year ARM slid to 5.03 percent from 5.21 percent.

These are very interesting times for the Savvy Atlanta Homebuyer...... To learn about how you can get in on this great buying time, read my report on How to Buy Foreclosures & Short Sales and the 10 Biggest Mistakes Buyers Make in Today's Atlanta Real Estate Market.

Source: San Diego Union-Tribune (09/19/08)