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home sales

So, How’s the Market?

10/03/2017 by Pinewood Realty Group

September 2017

 

  • Listing inventory is 10% lower today than 12 months ago.
  • The average price of a home in September 2017 has increased 10% since September 2016.
  • Average days on the market is down 9.2% of 79 days on the market. This statistic is very price sensitive as $250,000 homes and below are moving significantly faster than $1.5M homes. Know your price range to better predict the time on the market.
  • The number of homes under contract has decreased for the first time since June 2017 at 3.2% from one year ago.

 

 

What Should Sellers Do in this Market?

  • Condition, condition, condition. As prices have risen, the buyer pool is expecting upgrades and better conditioned homes for decor and mechanicals. Before entering the market place, improve the basic areas of the kitchen, bath and service mechanicals of the home.
  • Do not get overly aggressive with your price as the home will still need to appraise. It is better to get a fair market value price quickly than try to wait on the market and negotiate to a lower target. This will reduce buyers to your home.
  • Remove any barriers to sale, by getting pre-approved for your next home before you put your current home on the market. The mental security in knowing you can purchase your next home gives you a better negotiating position when selling.

What Should Buyers Do in this Market?

  • Absolutely, positively be pre-approved for purchasing. Do not change your financial position during the buying process as loan approval is checked and re-checked right up to closing on your new home. In other words, do not quit your job or go out and purchase a big ticket item before closing.
  • With the prediction of less appreciation in price over the next 2 years, try to gather enough money for a 20% down payment if possible. This will reduce your payments as to eliminate the use of mortgage insurance and will insulate your purchase price in the event you choose to sell in the next 3 years.
  • Consider pre-paying your principle or going to a 15-year mortgage. Creating a scenario of more equity will give you more flexibility down the road.

 

The market is both EXCITING and CHALLENGING! We love the industry and love helping our clients! Please feel free to call with questions anytime. We are happy to help!

 

 

 

Filed Under: Uncategorized Tagged With: Atlanta, Buyers, buying, experienced, Fayette County, Fayette County real estate, Fayetteville, home, home buying, Home loan, home sales, Home selling, Mortgage, Pinewood, Pinewood Realty Group, Pre-approve, real estate, realtor, Sellers, selling home

September Update

09/27/2017 by Pinewood Realty Group

September has been a busy month for the Pinewood Realty Group! We love engaging with the community, giving back and getting our hands dirty. Check out the photos below to see what we have been up to this month!

 

The Pinewood Realty Group had a booth at the North Fayette Elementary Fall Festival. We loved meeting the staff, students and families while having a drawing for a family fun night!    We love getting out in the Fayette County community and meet so many residents.

 

 

This past weekend we started renovation on our new office building, perfectly situated on Lanier Ave and Hickory Ave in Fayetteville. To kick off the project, we got our hands a little dirty during demolition day. We partnered with Hammertime Home Services, a local construction company and they let us take a swing at knocking out a few cabinets, walls and shelves during demolition.

Filed Under: Uncategorized Tagged With: Demolition, family, Fayette County, Fayette County real estate, Fayetteville, home, home buying, home sales, house, North Fayette, North Fayette Elementary, Pinewood, Pinewood Realty Group, Renovation, selling home

Our Experience with Pinewood Realty Group

04/12/2017 by Pinewood Realty Group

Pinewood Realty Group was one of the best realty groups we have come across. “Best” meaning they had every one of our interests and concerns taken care of. They were very personable, accommodating and helpful. In our 15 years of marriage, we have moved 4 times, this by far has been the smoothest. Without the stress and the confusion of buying and selling, it was the easiest, quickest and cleanest transaction we ever had. We will use them again if we move a 5th time!

 

 

Filed Under: Uncategorized Tagged With: area, Atlanta, buying, customer service, dream home, experienced, family, Fayette County, Fayette County real estate, Fayetteville, home, home buying, home sales, house, Pinewood, Pinewood Realty Group, real estate, relocating

Meet Mike and Nicole

02/27/2017 by Pinewood Realty Group

“Selling our home and buying a new one has never been so smooth! In the past everything was stressful. But the Pinewood team took really good care of us and made everything easy. They were real, down-to-earth, and professional at every step. Our new home is wonderful, and we couldn’t be happier!”

Mike and Nicole, 2017
Fayetteville, Georgia

Filed Under: Feels Like Home Tagged With: Atlanta, Fayette County real estate, Fayetteville, Georgia, home buying, home sales, house, Pinewood, selling home, suburb

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