Chasing The Market
The real estate market is quite unique at this particular point in time. History tells us that even though we have seen ups and downs, we just have not experienced a market like this. Increases and decreases in property values occur all the time just like the stock market. Generally speaking, over the long haul the value goes up. So what makes this market so unique?
What Happened To the Mortgages?
Up until several months ago there was a mortgage program for just about everyone. Then came the sub-prime market shake up and loan programs were reduced to some of the most basic. On top of that, investors tightened up the qualification parameters for applicants. Many first time buyers utilized 100% financing programs which went away. That breathed new life into the down payment assistance programs, which congress may soon do away with. The number of buyers who can qualify for a mortgage in today’s market has declined which therefore creates a negative impact.
Price Your Home Right
Pricing a home correctly when it first goes on the market is more important now than ever. In the past sellers market, when the market was appreciating and mortgage programs followed freely, it was an accepted practice to price your home slightly above value to allow some negotiating room. In today’s buyer’s market this just is not the case. As a seller you don’t want to put yourself in the position of “Chasing the Market”. So how do you avoid this pitfall? The easiest and most comprehensive way is to have your home appraised by an independent third party who is a licensed appraiser.
Help Buyers Buy Your Home
What other factors influence a buyer’s decision of whether or not to make an offer on your home? The main ones are appearance, appearance and appearance. Make sure that the exterior is inviting, remember you only get one chance to make a good first impression. Removing clutter and having clean carpets along with fresh paint will help tremendously. If your home is not in show ready condition and properly priced it is almost certain that you will be chasing the market instead of having the market chase you!
Johns Creek Condos
When you think of ranch style condos, the first thing that comes to many of our minds is an active adult community. While this may be the case for most one story condo communities, I was pleased to find a community that was not so restrictive. Ideal for active adults as well as single parents and young professionals, I had the pleasure of previewing “The Villas of Johns Creek”. The first thing that impressed me was the location. After all, in real estate we hear the three most important words are location, location and location. Being near the intersection of Peachtree Parkway (141) and Abbotts Bridge Road (120) The Villas of Johns Creek are convenient to shopping, dining, recreation and commerce and are in the prestigious Northview High School District.
The clubhouse and heated pool were impressive. Inside the clubhouse several amenities stood out. The complete exercise room, the resident’s game and media room just to name a few. The grand room of the clubhouse featured card tables along with a full kitchen for resident events.
The Villas of Johns Creek is a planned 70 unit luxury ranch style condominium community. The condos are built utilizing a quad design and feature 2 or 3 bedrooms. Priced from the mid 250’s, these maintenance free homes are perfect for all ages to enjoy. Let someone else take care of the yard work while you spend you free time doing the things you enjoy most.
You can view the available properties at The Villas of Johns Creek here.
