Friday, May 10, 2013
How is the Snellville real estate market doing? Prudential Georgia gives an update.
For a number of years, the real estate market has slummed in the doldrums, but experts say it's picking back up. Compared to this time last year in Snellville, the number of active listings is down, the median listing price is up and the average days on the market is lower, according to Prudential Georgia. To learn more, watch this recent video update of the Snellville market by Prudential Georgia. See also:
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Wednesday, April 10, 2013
AOL Real Estate says it's in Flowery Branch. Here's how much it costs.
The most expensive home in Georgia, according to AOL Real Estate, is listed for just short of $20 million. It has nearly 18,000 square feet. And 12 people can go to the bathroom at the same time, without violating anyone's privacy. The home, in Flowery Branch, has amentities such as "arched gallery hallways, high wood-beamed ceilings, grand fireplaces, gourmet kitchen, stone-floored outdoor porch, marble master bath, palatial powder room." The house is listed in a slide show of the most expensive homes in each state and D.C. There are some whoppers. If you're looking for something more affordable, try these Snellville options.
Tuesday, March 19, 2013
If you're looking to reduce your monthly bills or purchase an investment property, these homes will interest you.
3384 Newcastle Way Snellville, $39,900 This ranch-style home is in the Shiloh cluster. It has two bedrooms and two baths on the main level and an additional bed and bath in the basement. 4440 Cary Drive Snellville, $39,900 Located in Norris Lake, this open floor plan home has three bedrooms and two baths. Lots of windows, unique carport. 1390 Compton Woods Drive Loganville, $37,200 This home also has an open floor plan, along with a nice front porch and sunroom. It's off of Rosebud Road, near the Loganville/Snellville line, and is in the South Gwinnett school cluster. 3486 San Antonio Snellville, $35,000 Single level, clean, nice back deck. This house is in the Shiloh cluster, off of Annistown Road, and has three bedrooms and two baths…
Monday, February 4, 2013
Patch's real estate columnist discusses how to get more money for your home.
It used to be that if you remodeled a kitchen, a bath, or added any type of improvement, you could expect a dramatic increase in your home value. Then, with the downturn in the market, improvements made a house stand out, but would not necessarily add gobs of monetary value to the home. Fast forward to today: we are on the uptick. Prices are going up, as is demand. The markets are very competitive with multiple offers on many properties. What are some projects that can really add some value to your home? Number one was adding a steel door. At an average cost of $1100, it is economical and a seller can expect to see 85.6% of what they spent returned in added value. An owner can also expect to recoup 79.6% of their investment on cement …
Monday, January 14, 2013
According to our real estate columnist, this may become the banks' preferred method of dealing with homeowners who are behind on their mortgage.
Last week, I broke the good news about the federal government extending this act through 2013. All homeowners who are in trouble can now sleep at night knowing that they can avoid foreclosure. With the extension of this law, banks are now indicating that this may be their preferred method of dealing with behind homeowners in 2013. We saw a record number of short sales in 2012 and that trend should continue in 2013. Who to call? It is important that you have a real estate agent who is well versed in the short sale process. An inexperienced agent can be detrimental to your sale and may even delay it to the point where a homeowner gets foreclosed on. Agents, like myself, that are a CDPE, or Certified Distressed Property Expert, are …
Monday, January 7, 2013
If you sell a home in Snellville at a loss, you will not have to pay taxes on the difference.
As part of the "fiscal cliff" vote, the Mortgage Forgiveness Debt Relief Act is being extended. What this simply means is that when a struggling homeowner sells their home for $75,000 and they owe $150,000, they are not taxed on the $75,000 that the bank had to write off. This is good news for homeowners that are struggling. Other homeowner benefits extensions include being able to deduct your private mortgage insurance for those who make less than $110,000 a year. This is retroactive back to 2012 and includes 2013. A tax credit of up to $500 is available to homeowners who made energy improvements to their home in 2012. This is also available in 2013. By the Numbers: Active Listings: 216 Average Price: $196,593 Sold Listings: 56 …
Tuesday, December 18, 2012
What could the sell of seriously delinquent home loans mean for you?
The United States Department of Housing and Urban Development has begun selling off seriously delinquent loans. In an effort to avoid the short fall and bailout that could happen next year, thousands of loans are being sold, according to a report on AOL Real Estate. This could be a windfall for those whose loans are sold, for many could be modified to avoid foreclosure. The plans is to sell at least 30,000 loans. This represents just a sliver of the nearly 700,000 seriously delinquent loans on their books. Officials would not specify how they would select the loans. Only seriously delinquent would qualify, but no specific information was given. This indicates we are still far from being out of this housing crisis. There are many great …
Monday, December 17, 2012
Looking to buy a home for Christmas? Check out these great deals.
1090 Dogwood Road $75,000 Described as a "doll house," this ranch-style home is completely renovated. It's in the Poole Creekforest subdivision and in the Brookwood school cluster, including Brookwood Elementary. It has a fenced-in backyard, large eat-in kitchen and stone fireplace. Seems ideal for a young family. The 2010 sale price was $115,000. 2831 Hadrian Drive $75,000 Same price, different features. This house has wood floors that look fantastic plus a larger living space than the home on Dogwood, but the kitchen a cosmetic update. The lot size is nearly an acre, and judging by the pictures, the landscaping looks great. It sold in 2007 for $190,000. 3432 Chesterfield Court $69,000 This is one of those strangely shaped "contemporary…
Monday, December 3, 2012
These homes are affordable and move-in ready.
3764 Whaley Court $39,900 This three bedroom, two bath home has a bright and open floor plan, as well as a large, modern kitchen. Part of the Shiloh cluster, this home is in the McCart Estates subdivision off of Hewatt Road. Great as an investment or just a really low mortgage payment. With a $5,000 downpayment, you would pay a little over $200 per month! 4768 Score Court $59,000 This home is so cute, it's possible it will already have offers on it before you even read this. In fact, most homes with price tags like this usually get multiple offers, leading to potential bidding wars. Be ready to make an offer when you start to shop for a home, and jump on it as soon as you can. Schools are Rosebud Elementary, Grace Snell Middle and South …