Sooner or later, all children need to be warned about the fallacy of something for nothing. It’s an important lesson and a milestone.  Very little ones are too young to be exposed to the idea that when they grow up, they should automatically examine the motives behind anything that seems to be offered for free.  Until then, it’s one of the joys of parenthood to enjoy shielding the innocence of their kids for as long as possible.  But sooner or later, for their own good, the basic lesson from the adult world has to be learned: outside the family, there’s no such thing as a free lunch.

That could be why first time home buyers can be forgiven for having a degree of skepticism when they learn that the Cumming, GA real estate agent who is offering to help them is willing to do so at no cost to them!

Hold it, they automatically think; where’s the catch?

It only sounds like “something for nothing.”   When we make that offer, we Cumming, GA real estate agents aren’t, in fact, giving away our professional services as a charitable enterprise. The work we do (and the expenses we encounter in the course of doing it) will be compensated, but the bill will be presented elsewhere.  It’s only sort of like a free lunch.  The way it works is not just straightforward—it’s also logical.

When homeowners decide to sell their home, the popular choice is to call upon the resources of a licensed Cumming, GA real estate agent.  The commission for doing so (usually 6% of the sale price) is considered when arriving at the asking price, and since most of the other homes listed for sale have made similar arrangements, that amount should not put the property at a competitive disadvantage.  Roughly nine out of ten homeowners make that same decision, if for no other reason than the powerful marketing resources that can then go into the sales effort.

On the other side of the transaction-to-be, potential buyers can be offered the professional assistance of a real estate agent at no cost because of the traditional practice in the industry – the agreement between buying and selling brokerages to share in the selling agent’s commission.  It’s a bit like what you run into when you use some cities’ toll bridges, where a toll equal to the value of two passages is charged coming into the city, but none as you leave.  It’s doubly efficient that way.

In fact, I suspect the efficiency argument in American real estate practice isn’t the entire reason that this ancient system developed.  Since a seller hopes to reap the proceeds of the sale, it’s fair to assume that he or she is the party who is better able to justify an expense – especially if it will only be paid when a successful sale is concluded. For the buyer, receiving the benefits of a professional’s services with no bill presented. Come to think of it—it does seem a little bit like free lunch, doesn’t it?

Cumming, GA listings are usually less numerous this time of year which makes it an attractive time for sellers to put their homes up for sale. If you are thinking of selling or buying, there’s less competition than will be the case come springtime – ample reason to give me a call!

This Cumming GA Real Estate blog is hosted by Gayle Barton of BERKSHIRE HATHAWAY HomeServices Georgia Properties.

I specialize in Real Estate sales in the following Forsyth County, North Fulton County and East Cobb cities: Cumming, Suwanee, Johns Creek, Alpharetta, Duluth, Milton, and Roswell. Other areas are serviced by request.

Gayle Barton South Forsyth Real Estate | Cumming GA Real Estate
Gayle Barton Cumming GA Real Estate | South Forsyth Real Estate 

Many of us who call Cumming, GA home find that the beginning of the new year serves as a useful benchmark. This is when it’s easiest to collect the bygone year’s household bills and receipts and stash them in the drawer, box, or envelopes marked “2016” to be revisited at tax time. Once all the holiday ornaments are safely stored for next year, it’s time to embark on the coming year with a refreshed outlook and energy.

When you go looking for fresh insights that will be relevant to Cumming, GA real estate buyers and sellers, some of that New Year’s enthusiasm can come in handy. Particularly when you come across news items with headlines like “The Best Time to Buy a House” or “The Best Time to Sell a House.” It’s not that the topics aren’t interesting, but since we know darned well that there’s no such thing as a single “best time” to buy a house, it takes a little extra energy to read further. The best time to buy a house in Cumming, GA depends on the area, neighborhood, on the current market activity which varies from year to year—and on the qualities of the property itself.

Nevertheless, coming across the Business Insider piece headlined, “New research reveals the single best day of the year to buy a house,” it was simply too tempting to pass up. The best single day! This was nonsense, of course, but with fresh 2017 energy to spare, it had to be checked out! Here’s what was revealed:

This analysis resulted from some past research dusted off from RealtyTrac’s review of more than 32,000,000 home and condo sales from across the nation. It had taken 15 years to collect all that data, but when they put it all into the proper columns and added and divided in the way statisticians do, they came up with the final answer:

The best day to buy a house is October 8.

Now, since it’s going to be a long time until the next October 8 (it will fall on a Sunday), some secondary news might be of more immediate interest to Cumming, GA readers. The best month to buy may be October, but the second best month to buy a house is February! So wouldn’t it follow that January is a good time to start looking?

The way RealtyTrac defined the “best” time to buy was by comparing the sale price with the fair market value. For buyers, the best day was the one with the biggest average discount. October 8 was that day.

Now, the practical use for this information here in Cumming, GA is very limited for a couple of reasons. First off, they really meant “best day to close” a sale—leaving open the more tactical consideration, which would probably be the best day to make an offer. Then, too, the residential market and resulting sales results over the past 15 years have been so varied and sometimes so wildly atypical that generalizing from them could yield almost any answer. Also, this was a nationwide survey—so even just the way weather here in Cumming, GA differs from the national average would certainly affect the results.

But the ideas written about did have some practical value. They highlight the notion that for buyers, the late fall and winter months might be a pretty good time to buy a house in Cumming, GA even when there are comparatively fewer properties on the market.

It’s true that today there are some great buys to be had—which makes it a great time to give me a call!

 
This Cumming GA Real Estate blog is hosted by Gayle Barton of BERKSHIRE HATHAWAY HomeServices Georgia Properties.

I specialize in Real Estate sales in the following Forsyth County, North Fulton County and East Cobb cities: Cumming, Suwanee, Johns Creek, Alpharetta, Duluth, Milton, and Roswell. Other areas are serviced by request.

Gayle Barton South Forsyth Real Estate | Cumming GA Real Estate
Gayle Barton Cumming GA Real Estate | South Forsyth Real Estate

Once we have marketed your Forsyth County GA home successfully, there follows the delightful interlude during which the eager buyer awaits your response to his or her offer.  It will be 100% delightful if, in evaluating the offer, all details are as you hoped and expected.  But many times, evaluating an offer results in more than a simple “Yea” or “Nay”—the details can be crucial:

Offer Price.  Suppose the top line number is close enough to your asking price to bring a smile to your face.  Your Forsyth County GA property’s value has been acknowledged by the buyer—it’s in line (or better) with neighborhood comparables, and your net after expenses will enable you to move on to your next residence without financial strain.  Evaluating an offer only begins with that eye-catching number, but it doesn’t end there.  There are all the other elements, many of which boil down to the level of risk going forward.

Deposit.  High on the list is the pledged amount that accompanies the offer.  Whether it’s called a deposit, earnest money, or pledge, this serves to instill confidence that when you are evaluating the offer you know that it’s backed up with more than wishful thinking.  If the amount is greater than the customary minimum, it’s a signal that the would-be buyer is more than minimally serious about completing the transaction, that their financial ability to execute is demonstrable—or both.  Evaluating this detail of an offer does, however, involve factoring in whether it would be unduly easy to “de-commit” the committed amount, as well as the true liquidity of the pledge (overseas bank deposits, for instance, raise eyebrows).

Inspection provision.  Almost every serious offer will be contingent on the property’s condition passing inspection—but this is a risk element that’s largely controllable by the seller.  It’s the reason some Forsyth County GA sellers get ahead of the game by investing in their own inspection before listing.  Twelfth-hour discoveries of maintenance issues that could have been fixed beforehand are apt to throw a disproportionate amount of cold water on a transaction that had been proceeding smoothly.  If a condition has been properly disclosed in advance, evaluating an offer will include verifying acknowledgment of disclosures.

All the rest.  An offer may have any number of other provisions, so properly evaluating an offer means carefully weighing the practical impact each may have.  The timing elements can be  crucial.  Too lengthy a closing can be inconvenient and add a degree of uncertainty.  Too swift a closing may create an interim “no-place-to-live” situation—and wow—can that be awkward and expensive! An offer that is contingent on the sale of the buyer’s home adds a degree of uncertainty that needs to be evaluated with knowledge of that area’s specifics.  Any detail that introduces uncertainty adds to the ultimate risk.

Success in evaluating an offer for your Forsyth County GA home—or comparing multiple offers when that auspicious situation occurs—often means a lot more than a simple yes or no decision.  Coming up with a strategic counter-offer is often called for—and that’s when there’s no substitute for having an experienced agent by your side to help fashion a strategic win-win counter offer.

To discuss these and all the other steps that will result in the successful sale of your property, give me a call to arrange a no-obligation consultation.    

This Cumming GA Real Estate blog is hosted by Gayle Barton of BERKSHIRE HATHAWAY HomeServices Georgia Properties.

I specialize in Real Estate sales in the following Forsyth County, North Fulton County and East Cobb cities: Cumming, Suwanee, Johns Creek, Alpharetta, Duluth, Milton, and Roswell. Other areas are serviced by request.

Gayle Barton South Forsyth Real Estate | Cumming GA Real Estate
Gayle Barton Cumming GA Real Estate | South Forsyth Real Estate

Buying a South Forsyth County house should be getting easier.

For most people who are looking into buying a house in South Forsyth County for the first time, the two greatest obstacles appear to be financial, and—for lack of a better word—emotional.

Let’s deal with the second barrier right off the bat.  Emotional may not be an apt adjective because most of the emotions that accompany the process of buying a house are positive.  The potential of joining your South Forsyth County friends as a homeowner is certainly a positive goal.  Accompanying your chosen South Forsyth County Realtor^® on house-hunting tours in search of your dream house takes energy—but they are also some of the most interesting shopping trips imaginable.  And the pride of ownership that comes with unlocking your own front door for the first time is a truly satisfaction-producing moment.

Stacked up against all those positives is one strong negative for first-time buyers: the instinctive impulse to avoid the unknown.  The process of buying a house is full of legal, technical and procedural details that can appear to be all but impenetrable to those who’ve never weathered them before.  That makes it understandable why you’d want to put off tackling the whole can of worms—especially since buying a house is such a weighty transaction.

The reason this first barrier is ultimately overcome is probably also why nearly 90% of U.S.  residential real estate transactions involve a real estate professional.  It doesn’t take long before most future buyers learn that they can enlist the services of a professional like me to act on their behalf…for free! With a South Forsyth County Realtor to guide and advise on all aspects of buying a house in South Forsyth County, the technicality obstacle disappears.  Veteran homeowners don’t give it a second thought.

Which leaves that other barrier: the financial one.

But here, too, buying a house should have gotten somewhat easier.  Not because it’s any easier to make money—and not because having enough of the green stuff isn’t still a prerequisite to getting a front door key of your own—but because there are so many readily accessible ways to track and control personal finances.  Keeping up with household expenses once meant conscientiously stacking incoming bills and mailing out payments at the end of the month—then having to wait for the bank statement to arrive to verify household balances.

Today all that information can handled online—and any number of personal finance software solutions like Quicken, Microsoft Money, and iCash make it easy to track and schedule just about everything.  That means it’s a simple matter to keep on top of all the income and expense flows as their deadlines come and go month-by-month.  This doesn’t make any expenses disappear, but it does make it much less likely that due dates will be accidentally overlooked—or that credit score damage will result.  It also makes it a whole lot easier to project income and expenses into the future—and to plot a savings trajectory that produces the down payment you need when you need it.

Buying a house in South Forsyth County becomes a less daunting prospect when your financial picture is organized for clarity—and when your house-hunting team includes an agent with wide local experience and personal knowledge of the current South Forsyth County offerings.  That’s me!

 
This Cumming GA Real Estate blog is hosted by Gayle Barton of BERKSHIRE HATHAWAY Georgia Properties.

I specialize in Real Estate sales in the following Forsyth County, North Fulton County and East Cobb cities: Cumming, Suwanee, Johns Creek, Alpharetta, Duluth, Milton, and Roswell. Other areas are serviced by request.

Gayle Barton South Forsyth Real Estate | Cumming GA Real Estate
Gayle Barton Cumming GA Real Estate | South Forsyth Real Estate

It’s that time again: the annual look at whether there is a convincing consensus among real estate experts for what to expect in the coming year.  Forsyth County, GA homeowners and potential homeowners found generally welcoming conditions throughout 2016, as steadily improving property values and low mortgage interest rates echoed the national picture.  With lending rates beginning to rise, there could be reason to question whether an equally agreeable Forsyth County, GA real estate climate will prevail in 2017.

Apparently, there is not much to worry about.  Despite the usual qualification that the nation’s real estate experts are no more clairvoyant than are experts in any field, when you look over this batch of New Year’s predictions, you can’t help but emerge with the impression that there’s a more than usual degree of certainty about the immediate future.  Almost unanimously, there is confidence that the nation’s real estate prospects are good—and likely to stay that way.  The most frequently recurring adjectives are “moderate” and “moderating”—and no mention of major obstacles that might upset the apple cart.  If Georgia and Forsyth County, GA real estate markets follow suit, the optimism voiced by most commentators should mean continuing good news locally.  Here are some samplings:

• Fiscal Times: Rising prices will keep pushing up homeowners’ net worth.
• CBS MoneyWatch: Millennials and baby boomers will be big buyers; home appreciation rates will normalize.
• Realtor.com: Home prices projected to increase 3.9%; new home sales expected to grow 10%.
• Nela Richardson: 2017 will be the fastest real estate market on record (measured by average number of days spent on market).
• Home Buying Institute: Mortgage rates will rise gradually, but stay below 5%.
• The Washington Post: Expect home sales and prices to moderate; suburbs will make a comeback.
• Zillow: Homeownership rates will bounce back; rental affordability will improve as incomes rise.
• Kiplinger: Rising national GDP, retail sales and jobs growth should result in steady demand for housing—as well as spurring price growth.

For some reason, the editors at Fortune didn’t have anything to add about real estate—perhaps because continuing with the current moderate growth scenario doesn’t make for interesting reading.  They did predict that in the coming year a Tesla will drive itself across the country…and drones will deliver pizza and burritos (let’s keep an eye out for that in Forsyth County, GA).

We’ve seen New Year’s predictions go wide of the mark in the past, but the unanimity of this year’s projections make it hard to imagine that will happen in 2017.  In any case, I’ll stay tuned and close to the phone, as well—ready to help with any and all of your Forsyth County, GA real estate needs!
This Cumming GA Real Estate blog is hosted by Gayle Barton of BERKSHIRE HATHAWAY Georgia Properties.

I specialize in Real Estate sales in the following Forsyth County, North Fulton County and East Cobb cities: Cumming, Suwanee, Johns Creek, Alpharetta, Duluth, Milton, and Roswell. Other areas are serviced by request.

Gayle Barton South Forsyth Real Estate | Cumming GA Real Estate
Gayle Barton Cumming GA Real Estate | South Forsyth Real Estate