Great Properties in Gwinnett County Must Sell – Madison Heights
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A recent article in the USA Today has made reference to the fact that homes sale prices have risen for the third straight month in July which is added fuel to speculation that the recent housing downturn has turned and better times are ahead.
With that being said, there are still numerous “deals” out there and if you are looking for a new home at a great price, we have five properties in the Madison Heights subdivision in Gwinnett County that you need to take a look at.
Madison Heights is a small enclave of homes located in one of the most desirable areas of Snellville with award winning schools, numerous shopping options, parks and so much more. This neighborhood has so much to offer and the recent price reductions make for a great deal.
With homes priced from the high $300,000’s to mid $400,000, these opportunities are not going to last. We have seen a great deal of interest since we have taken over these properties and expect to be sold out quickly.
Here is a list of these properties we are pleased to offer:
Give us a call or email me to schedule your private showings and you can email Scott Windish at Georgia Trust Bank, swindish@georgiatrustbank.com for your loan pre-approval on this or any other property needs.
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Have you or someone you know bought a foreclosed home in GA?
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hi LikeHave you or someone you know recently purchased a foreclosed home? If so, you may be entitled to a refund from the county in which you live. Please know, I do not provide this service, merely the information that can help you get what is rightfully owed to you. There is a little known exemption that very few people know about and is rarely taken at closing.
On a $300,000 purchase you may be able to receive up to $300 back from the County.
Please feel to contact me for more information.
Matt Hermes
770-402-2819
mattsells@bellsouth.net
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Median Home Price Rise in Second Quarter
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hi LikeA newly released report from the National Association of Realtors (NAR) says home sales and prices posted gains in the second quarter, another sign that the ailing housing market is finally coming to life which is good news for both the housing industry as well as the economy overall.
The National Association of Realtors says the median sale price in the quarter was $174,100, up 4% from the first quarter, but still almost 16% below a year ago. Prices were down from a year ago in 129 of 155 metropolitan areas the group tracks.
Sales rose to a seasonally adjusted annual rate of 4.76 million, from 4.58 million in the first quarter, but were still about 3% below a year ago.
Good news for home sellers? Well, I think so. As we head towards Fall, home sales activity is important as a foundation for the fourth quarter of 2009 but more importantly the Spring 2010 Selling Season. With the low interest rates, lower home prices, now is the time to jump off the fence. Prices should continue to rise in the next year and the inventory will continue to decline which means now is the time to buy.
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Hamilton Mill – New Listing Coming On The Market Tomorrow
Related Posts: 389, Fairpointe, Hamilton Mill Communities
hi LikeWe are getting ready to add another awesome Hamilton Mill home to our inventory. Tomorrow we will put on the market an awesome 4 bedroom, 2.5 bath home on a level lot with a screened porch, granite kitchen counters and so much more.
Sellers loss is your gain!
Sale price to be only $234,900.
Call or email for more details.
Do not miss this opportunity to own your new Hamilton Mill home.
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Gwinnett County Shoes For The Souls
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Well, we were able to collect over 250 pair of slightly used athletic shoes and will be donating them to the Atlanta Union Mission in the next couple of weeks.
My 8 year old daughter thought we could help some folks in need and after reading an article about used tennis shoes in a tennis magazine we thought we could collect some and give to those in need versus giving them back to the manufacturer.
Here is a photo of McClain and the shoes we collected.
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Gwinnett County Home Sales Report
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hi LikeIn a effort to provide timely and relative information on Gwinnett County home sales, I have provided this information for you as it was taken from the Gwinnett County Tax Commission website.
I was very surprised to see how drastic the change has been in the last year or so.
The number of homes sales is almost half of what it was last year and pricing has dropped considerably. What does this mean to you as a seller or buyer?
If you are buying a home, do not wait, especially if you are a first time buyer. Pricing will never be better and with the low interest rates and the First Time Home Buyer credit available now is the time to get off the fence. Do not wait.
As a Seller, you need to realize that price and condition are key. Price the home too high and you will sit on the market for a very long time. Price it properly and get it sold and you are now able to take advantage of the low prices on your new home. Yes, you will take a “hit” on the sale but you can more than make up for it if you are purchasing another home.
Statistics for Gwinnett County 2008 vs. 2009 Single Family Residence
Time # of Sales Median Sale Price
Feb 2009 368 $168,051
Feb 2008 693 $185,700
Jan 2009 455 $170,000
Jan 2008 826 $189,000
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Homebuyer Tax Credit Added to Stimulus Bill – Gwinnett County
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hi LikeGreat news for potential home purchasers in 2009 if the stimulus package presented to the Senate is passed. Last night the Senate approved adding a $15,000 tax credit for home buyers.
The tax break for homebuyers, which the Senate approved by voice vote without opposition, was the second amendment in two days intended to encourage consumers to make major purchases. On Tuesday, the Senate approved a tax incentive for car buyers, that would allow the deduction of sales tax and loan interest on purchases made this year.
More information is available at the following link from a NY Times article:
http://www.nytimes.com/2009/02/05/us/politics/05stimulus.html?hp
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More Positive Economic News! Pending Homes Sales Increase Again.
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hi LikePending home sales post increase of 6.3%
I noticed this article in today’s USA Today online edition. Of course it was buried in the bottom of the edition. Why would the media continue to downplay positive signs of potential economic recovery when they can sell more using all the bad news. Hmmm….
The National Association of Realtors said Tuesday its seasonally adjusted index of pending sales for preowned homes for December rose 6.3% to 87.7 from an upwardly revised November reading of 82.5. That’s better than the 82.3 reading economists expected, according to a survey by Thomson Reuters.
The reading also was up 2.1% from December 2007.
“In an otherwise bleak landscape, this represents a ray of hope, as it’s a leading indicator for existing home sales. I’m sure it’s foreclosure-driven, so it could be a hollow number,” said Brian Dolan, chief currency strategist at Forex.com.
Data from the housing market, which is at the center of the worst financial and economic crisis in decades, has sent conflicting signals in recent days.
Last week, the NAR reported an unexpected rise in existing home sales in December, driven mainly by distressed sales, with prices falling from a year earlier by the biggest margin in over 40 years.
The NAR’s housing affordability index jumped 10.9% in December to 158.8, the highest since it began tracking records in 1970. The index rose on falling home prices and low mortgage rates.
But government data Thursday showed sales of new U.S. single-family homes dropped in December by their biggest margin since 1994.
Stability in the housing market is critical to the U.S. economy’s recovery. The economy slipped into recession in December 2007.
The pending sales index tracks signed contracts to purchase existing homes. Typically there is a one- to two-month lag between a contract and a done deal. Home sales that were pending in December are likely to be completed in the coming weeks.
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HUD Approved Broker – Diamond Dwellings Realty
Related Posts: Real Estate Deals
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The US Department of Housing and Urban Development has recently awarded Diamond Dwellings Realty the coveted approval for the listing and sales of homes offered by HUD. This is a very stringent process and to have received HUD approval is a milestone for the company.
I have been selling HUD homes for a number of years and to have the new approval is another step in the process of contuning the excellent reputation and strength of the Diamond Dwellings.
If you or someone you know is looking to purchase a HUD owned home please feel free to give me a call to discuss your options.
Not every real estate company or agent has the opportunity to offer these services so make sure you check to see if your real estate agent is approved to help you find your dream home.
Matt Hermes / 770.402.2819
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New Hamilton Mill Listing – Coming Soon
Related Posts: 389
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We have a new Hamilton Mill listing that is coming onto the market next week that is going to get a lot of activity and I wanted to share a little bit about it.
If you want more information please give me a call and I can discuss it with you but I cannot release the address at this time.
The owners have taken exceptional care of this five bedroom, three bath home which features a two story family room, spacious bedrooms, level rear yard and an unfinished basement. This home will be aggressively priced below $300,000 and should not last long.
We have seen a good spike in showings over the past two weeks and are very optimistic for a good spring selling season so if you are in the market to buy or sell my suggestion is to not wait too long. The great deals may not last too much longer.
Call me for more information and a free analysis of your homes value. 770-402-2819.
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