Warren Buffett says “Buy” (and buy American)
Related Posts: Real Estate - Investment, Real Estate Deals
hiWarren Buffett wrote an article on Friday in the New York Times. It’s very simple, direct, and to the point which is typical of his style for sure. Here’s a quote from the article that gets to the heart of it…
A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. And most certainly, fear is now widespread, gripping even seasoned investors. To be sure, investors are right to be wary of highly leveraged entities or businesses in weak competitive positions. But fears regarding the long-term prosperity of the nation’s many sound companies make no sense.
He makes his point using examples from history including the depression of the 1930s. During that season, “the bottom” of the market happened 9 to 12 months BEFORE most people actually “felt good” about it. The market had risen over 30% before most investors re-entered the market.
Buffett’s article was focused on stock investments in US companies, but the same logic clearly applies to real estate investments as well. This is one of the most difficult times in the last 100 years of US history, BUT you can make huge gains in this market if you make your wise investments now.
Hamilton Mill & Gwinnett County are no exceptions. If you look forward 5 t 7 years from now, home values in Gwinnett will have likely doubled from their current levels. If you are in a position to look at the long term at all, a huge gain awaits.
Here’s a link to the entire Warren Buffett Article.
| Currently No Comments »
$140k List Price Blows Away The Market near Hamilton Mill
Related Posts: Real Estate - Investment
hi
Huntington West Ranch
If you’re interested in investing in Gwinnett County real estate, there are really some great opportunities out there right now.
I’ve been spending LOTS of time evaluating property for investors & other bargain shopping home buyers these days. It seems that much of the product that is actually moving in this crazy market is priced below $200k and then it’s priced WELL below it’s true market value.
Today I found this 3 bedroom 2 bath ranch in Huntington West — right around the corner from Hamilton Mill. It’s on an awesome wooded lot with huge potential. The interior needs a good bit of work, but that’s very appropriately presented in the $140k listing price - well below the $180ish average in the neighborhood.
We talk to buyers and renters all the time who really want to stay in Mill Creek High School district or more specifically, they will often ask for either Puckett’s Mill Elementary or Duncan Creek Elementary School.
This home would also likely qualify for the FHA “fix-er-up” programs that allow you to build repairs and improvements right into the loan. These programs are really great for getting a deal like this done and creating a decent move-in condition for the buyer or investor (and subsequent renter).
This listing is still active and I’m happy to share additional insight as needed.
| Currently No Comments »
Princeton Pointe New Home - Great Hamilton Mill Buy
Related Posts: Hamilton Mill Real Estate
hiHere is a fantastic new home that is dramatically reduced and the Builder needs an offer. Please take a minute to view this video and give me a call to meet with us to discuss your options. The video is pretty raw, and taken with my new Flip Video camera, so excuse the sloppiness.
Original Post: http://hermes.diamonddwellings.net/2008/09/16/new-construction-in-princeton-pointe-hamilton-mill-area/
| Currently No Comments »
3052 Green Farm Trail in Hamilton Mill
Related Posts: Hamilton Mill Real Estate
hiSometimes the best listings come up on the holiday weekends. We just added this listing under our WhatIF?Realty brand. It’s a pretty amazing deal — priced at just $289,900
It’s a 3 bedroom 2 bath Ranch (nothing special there I guess) BUT, it’s also got a 3 car garage and a full basement AND it’s on a huge lot. The kitchen is amazing with high ceilings and a huge island. Of course, we’ll have all the details on the web next week, but I wanted to get a bit of info up today. Don’t miss this one if you are looking for a ranch.
| Currently No Comments »
Hamilton Mill - How does the Real Estate Market Impact Our Community
Related Posts: Area Information, Diamond Dwellings, Hamilton Mill Communities, Hamilton Mill Real Estate
hi
In the past month or so we have seen a number of homes go into foreclosure in Hamilton Mill which are now being marketed for sale in the local listing systems.
What is going on here? Life, that is what is going on. As the United States economy struggles to gain its footing and jobs are being eliminated in many sectors, tough times are falling on some of our neighbors and friends and you know what, you may not even know it is happening around you.
Just the other day I was talking to someone in Hamilton Mill and he made the comment to me that he was totally unaware of “John Doe’s” financial problems and wished that John had talked to him about it. He had a feeling something was going on. John always used to keep his home and yard very well kept and then 6 months or so ago he noticed things seemed to be a little different. John lost his home and now is looking for alternative housing and a decent paying job.
Here is something to think about.
The real estate market struggles as well as the mortgage crisis is hitting so many different areas of our economy that most of us do not even think of, but take a look at who is being effected.
If new or resale homes do not sell:
Loan Officers do not write new loans, Appraisers do not appraise homes, closing attorneys do not close loans, moving companies do not move you into your new home which means furniture stores do not sell furniture which is sold to them by salespersons for the factory, lighting stores do not sell lights, painters do not paint and landscapers do not put out new landscaping products which they buy from the nursery who hire people to plant and care for the beautiful plants you planned to landscape with. Also, since you will not be doing all the home projects you wanted to, Home Depot and Lowes and other stores are not selling the products they were a couple of years ago. If sales are down there, what about all the people that were selling their products to them.
| Currently No Comments »
Sold! Sanborne Terrace - Hamilton Mill
Related Posts: Diamond Dwellings, Hamilton Mill Communities, Hamilton Mill Real Estate
hiDiamond Dwellings is pleased to welcome a new neighbor to Hamilton Mill. We just sold another Hamilton Mill home yesterday. This home is located in the Ashebrooke section and sold for 98% of list price.
Why did the home sell? It was priced right ($299,900, Five bedroom, four full baths). The home was in immaculate condition, and word of mouth was important in the sale of this home as well as our internet marketing were all key factors to getting this home under contract and sold.
There are over 120 homes for sale in Hamilton Mill as of this writing, and to get the traffic and ultimately offers that get homes sold all of the above mentioned items are crucial to selling success.
Why are these factors important to you as a seller and buyer?
| Currently No Comments »
Existing Home Contracts Rise in June 2008 - Hamilton Mill
Related Posts: Area Information, Diamond Dwellings, Hamilton Mill Communities, Hamilton Mill Real Estate
hiHome sales contracts signed in June unexpectedly rose across the country, but still were well below year-earlier levels, the National Association of Realtors said Thursday.
The trade group for Realtors said its Pending Home Sales Index, based on contracts signed in June, was up 5.3% to 89.0 from a downwardly revised 84.5 in May.
It was the highest reading for the index since October 2007, when it was at 89.8. But the index was 12.3% below year-ago levels.
The pickup in June signings was sharply contrary to forecasts by economists polled by Reuters, who had expected home sales contract signings to decline 1%. This news comes as a surprise to some but there are numerous reports that the overall market has eased and sales will continue this upward trend.
The association’s senior economist, Lawrence Yun, said the swings in monthly signings “indicates a housing market in transition.”
“This is welcome news, because a rise in contract activity is necessary for an overall housing recovery,” Yun said.
Contract signings rose in June by 9.3% in the South, by 4.6% in the West, 3.4% in the Northeast and 1.3% in the Midwest.
The realtors said the improvement in contract signings “appears to be broadening” and expressed hope that housing legislation signed into law last month will further encourage buyers. The legislation offers a tax credit to first-time home buyers and aims to ward off some foreclosures.
For more information on this article or discuss the current real estate market please contact me at 678-279-4717.
Matt Hermes
| Currently No Comments »
Hamilton Mill Sales Statistics: Home Sales / Under Contract / Active Listings
Related Posts: Diamond Dwellings, Hamilton Mill Communities, Hamilton Mill Real Estate
hiOne of our goals at Diamond Dwellings Realty at Mill Creek is to provide Hamilton Mill homeowners accurate information on the current real estate market in our Home Town.
We have compiled the following data for the Hamilton Mill Subdivision from the Atlanta FMLS listing system (some data may also be from Georgia MLS) as of August 4, 2008. These are the current active and sales data for the month of July 2008.
Recap: We are still in a VERY competitive market and pricing, incentives and flexibility are key factors in getting homes sold. Our Team at Diamond Dwellings continues to be the market leader in both closings and pending sales. We are your choice for all yor real estate needs.
Current Homes listed for sale in Hamilton Mill: 118 (Down from 128 as of July 4, 2008)
Highest Price Home: $1,250,000 / 2048 Bakers Mill Road (New Construction)
Lowest Price Home: $215,000 / Lake Heights Circle
Average List Price: $408,381 - Down $3,000 over July
July 2008 Hamilton Mill Real Estate Sales: 5 (same as May and June 2008)
Diamond Dwellings Realty Participated in 20% of these closed sales. Market leader in this area again for the Fourth month in a row.
Highest Price Home: Sale Price: $520,000 / 3414 Mill Place Court (Original Asking Price: $625,000)
Lowest Price Home: Sale Price: $289,000 / 3361 Walkers Ridge Road (Original Asking Price: $324,900)
Current Pending Hamilton Mill Real Estate Sales: 9
DIAMOND DWELLINGS IS PARTICIPATING IN 33% OF THESE SALES - MARKET LEADER IN THIS AREA!!!
While the July sales are not what we’d hoped for in Hamilton Mill — Or all of Gwinnett County, the activity level has picked up as compared to Q1′08 and we have seen an improvement in the “pending/under contract” homes that are scheduled to sell. If you or someone you know is waiting for the market to level out to find that “deal” now is probably the time to take a hard look at your purchase opportunities. Do not wait and miss the bottom.
If you would like additional listing information on any home in Hamilton Mill email us at mhermes@diamonddwellings.com or call me at 678-279-4717. We will be happy to email a list of available homes for your review.
| Currently No Comments »
Hamilton Mill Commons / Office Space For Lease
Related Posts: Real Estate
hiWant a great, affordable office space right here at Hamiton Mill?
This office condo is perfectly located at Hamilton Mill Commons. It’s right on the corner of Jim Moore Road & Hwy 124. Plus you get easy access to Home Depot, Wal Mart, restaurants, shops, theaters, schools, park and so much more. Lest we not forget, STARBUCKS is just a block away!
Do not miss this opportunity. Very few spaces ever become available in this location. Call today at 678.279.4717
| Currently No Comments »
Hamilton Mill Sales Information for 2nd Quarter 2006 vs. 2007 vs. 2008
Related Posts: Area Information, Diamond Dwellings, Hamilton Mill Communities, Hamilton Mill Real Estate
hiIn Diamond Dwellings effort to provide the residents of Hamilton Mill and the surrounding area with the most up to date and useful real estate information we have compiled a comparison of home statistics for the second quarter of 2008 and the numbers are amazing.
Stats are from the dates of 4/30 - 7/30/ 2006, 2007 or 2008.
2008 homes sold in the last 90 days: 23
Same Period 2007: 36
Same Period 2006: 65
2008 Sales are down 33% over same year period 2007 vs. 2008
2008 Days on market: 100
Same Period 2007: 66
Same Period 2006: 63
2008 Days on Market are up 33% over same year period 2007 vs. 2008
2008 Average sales price: $385, 013
Same Period 2007: $395,596
Same Period 2006: $386,736
2008 Average Sales Price is down 2.5% vs. 2007
2008 current pending sales: 12
2008 # of expired listings: 40
Same period 2007: 51
Information compiled from the Georgia MLS and FMLS listing service and is believed to be accurate.
For additional information or if we can answer any questions for you please feel free to contact Matt Hermes at 678-279-4717.
| Currently No Comments »
