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Archive for October, 2009

Contrary to what you might have heard, the $8000.00 Home Buyers Tax Credit has not yet been extended. However, there is agreement among Senate leaders as to the content and extent of the proposal that will authorize an extension. It still has to be determined how it will go to the Senate floor for a [...]

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In today’s market, in order to compete with the foreclosures out there and to get your price, your home needs to be move in ready, or as close to it as possible. Buyers don’t want to pay market price for a home that they have to do work on either before or right after moving [...]

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Whether buying a home for the first time, or buying your tenth home, there are 10 things that prospective buyers should refrain from doing during the home buying process until after the closing has taken place. 1. Thou shalt not change jobs, become self-employed or quit your job. 2. Thou shalt not buy a car, [...]

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The following charts show the month by month sales volume of the Greater Athens Metropolitan area for the months of June through September 2009. Chart 1 shows the trends for both the number of residential units sold and the average number of Days on Market (D.O.M.) for those units. It appears that since the July [...]

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Often, when comparing homes buyers ask me “What is the price per square foot?” I never give them a direct answer. In fact, I usually try to direct them away from that form of comparison, at least as one of the first means of comparing two or more homes. Simply foot, square foot pricing is [...]

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When you purchase a home, or any real estate,  in Georgia, you will take “title” to that property. Title is both the right of ownership and, at the same time, the proof of that right.  Ultimately, it also controls how a property may be sold or transferred. That proof of title, in Georgia, is the [...]

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The Athens Area Association of Realtors is entering 2 teams into this years 3 Day 60 Mile Walk supporting the Susan G Komen Foundation funding breast cancer research, education, screening and treatment. AAAR has set a goal of raising over $70,000 this year and we still need your support. The teams have been training for [...]

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Every year NAR, the National Association of Realtors, conducts a survey of home buyers and sellers from the previous 12 months. The most recent survey, the 2008 Profile of Home Buyers and Sellers, which covers transactions from July 1, 2007 through June 30, 2008 has yielded some interesting results. This survey can be purchased through [...]

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It happens everyday, more often than not. For Sale By Owner sellers decide to list with a Realtor® or real estate agent (while Realtor®s are agents, not all agents are Realtor®s). Depending upon the market, between 85% and 95% of FSBO’s end up using an agent to sell their home. And in today’s market, even [...]

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Everyday, for the last 21 months, I saw the same house for sale, with the same real estate agent’s sign in the yard (no, not mine). During that time, I have been in it and shown it. Last month, it finally sold, after being on the market for 22 months. The owners were selling because [...]

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