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Median Home Price Rise in Second Quarter
Related Posts: 389
hiA 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
hiWe 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 Home Bargains
Related Posts: Real Estate Deals
hiDid you know that some of the best deals in Gwinnett County and our surrounding areas are not bank owned foreclosures? Sure, there are a number of current inventory homes that are priced to sell but not every foreclosure is a deal. I can tell you that we just put a foreclosure under contract that is a new home and it should/could have sold a year ago for close to $300K and we got it for under $200,000. This is a great deal and if you want to know where it is located let me know. There are a couple more homes in this subdivision and the bank is willing to deal.
Over the past year or so more and more buyers are regularly calling me and asking where all the bargains are in foreclosed and or short sale homes in Gwinnett and surrounding counties. Well, the simple answer to that question is to start getting an email list of homes that I can provide that shows what homes are currently bank owned and ready for a great bargain if you know what to do and how to get the best deal.
How do you do that you might ask? Get a qualified agent to represent you in the transaction. If not me, fine, get someone else, but do not try to get into a dual agency situation on bank owned homes. This is not a time to try and go it alone. Honestly, if you do not feel I am the right person, no problem, I will be happy to refer you to any number of fellow real estate agents out there that are ready, willing and able to assist you.
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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?
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Google says “Your House Doesn’t Exist” unless you rank.
Related Posts: Diamond Dwellings
hi
We’ve been working on this Hamilton Mill website for about 9 or 10 months now. It took about 6 months worth of hard work, but after the first 6 months, we found that we consistently ranked at or very near the #1 or #2 spot in the Google search results for “Hamilton Mill”. We’re very proud of this accomplishment, but it’s actually only step one in the process of helping clients sell their home (or buy one).
This site (like all our sites) is designed to provide comprehensive real estate information about this exact area. It’s pretty obvious why we do this. We know that providing lots of great information to potential home buyers (and sellers) in the area will ultimately lead to more sales for Diamond Dwellings.
One of the key elements to internet marketing is Search Engine Optimization (SEO). SEO is kind of hard to define — yet the results are very easy to define. The #1 goal of all SEO work is to “win the search results” on Google, Yahoo and other search portals. Since most people only look at the top 3 or 4 results from a typical search, you basically don’t exist unless you rank at the very top for the key search terms on a specific subject.
I recently hired a new franchise attorney to help with the Diamond Dwellings franchise agreement. I hired him for 2 reasons. Both reasons are essential.
#1. He was easy to find online.
#2. He had “the right answers” when I contacted him
So, I started with a simple search for “Franchise Attorney”. Google gave me 436,000 results (no, really) Then I called 3 or 4 of the top ranked attorneys (ranked by Google). Then, since Google said they exist, I evaluated those 3 or 4 based on response time to my inquiry — and most importantly based on what they actually said when we talked (how well they represented their expertise, etc)
Search results are the critical 1st step in the process of finding the right buyer for your home (assuming the buyer is searching online for this area). Step two involves true salesmanship & experience to close the deal once the lead has been acquired.
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Hamilton Mill June Stats. Sales / Pending Sales / Active Listings
Related Posts: For Sale By Owner, Homeowners Assoc, Real Estate, Real Estate - Investment, Real Estate - Listings, Real Estate Data, Real Estate Deals
hiThe Atlanta FMLS listing system (some data may also be from Georgia MLS) reports this data for Hamilton Mill as of July 2, 2008. These are the current active and sales data for the month of June 2008.
Recap: June actually turned out to be a pretty decent month for sales and pending sales after a slow first 5 months of 2008. We are starting to see a improvement in showing activity as well as the number of homes under contract and closed transactions. Sellers are starting to see the fact that pricing your home aggressively can and will drive traffic. We are still in a VERY competitive market and pricing, incentives and flexibility are key factors in getting homes sold.
Current Homes listed for sale in Hamilton Mill: 128
Highest Price Home: $1,250,000 / 2048 Bakers Mill Road (New Construction)
Lowest Price Home: $219,900 / 1490 Ridgemill Circle
Average List Price: $411,067
June 2008 Hamilton Mill Real Estate Sales: 5 (same as May 2008)
Diamond Dwellings Realty Participated in 30% of these closed sales. Market leader in this area again for the THIRD month in a row.
Highest Price Home: Sale Price: $460,000 / 2601 Floral Valley (Short Sale)
Lowest Price Home: Sale Price: $379,900 / 3398 Ridgemill Circle
Current Pending Hamilton Mill Real Estate Sales: 13
While the June 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.
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How To Sell Your Hamilton Mill House for $20,000 More
Related Posts: Real Estate
hiSeveral residents have called or sent email to comment about our “Make $100,000″ post. These potential home sellers were concerned that they may not get what they want for their Hamilton Mill houses when they sell in 2008. They were concerned that our commentary would hurt their chances. Their potential losses are a very valid concern, but I assure it that it has little or nothing to do with anything that Diamond Dwellings does or says or writes. We’re here to share real time information with all of you about what IS happening in the market — WE DO NOT SET THE MARKET. I wish we had that kind of influence on the market. I’d make sure that all Hamilton Mill houses quickly grew by 100% ( since I’m a home owner here too! ) However, the “broad market” sets the price (thousands of buyers locally). The reality of current pricing averages somewhere south of 90% from the market’s peak back in late 2005 (and very early 2006). Of course, every house is unique AND all price ranges are in entirely different situations (depending on the number of competitors, etc.).
Here’s the Good News… …You can still make $10,000 to $20,000 more ( on average ) than other homes on your street by following these time tested rules:
- Have great looking carpet (even if you think it’s “not bad”)
- if it’s older than 1 or 2 years, change it out.
- Add fresh paint to all surfaces — indoors & outdoors
- Add Granite Counters in the kitchen (and maybe the master bath)
- Laminate or even Corian won’t sell well against homes with Granite
- Upgrade the master bath tile (particularly if it’s white)
- Keep the yard in GREAT condition with fresh pine straw, etc.
Basically, make sure that you make your house the very best it can be for every showing. That’s the way to maximize your potential gain.
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Hamilton Mill Yields $200,000 in Equity to 2 Diamond Dwellings Customers!
Related Posts: Glenaire, Lakeside, Real Estate, Real Estate Deals
hi
As we predicted, 2008 is going to be the “Year of the Deal”. Yes, the market is down & pricing is definitely reduced. BUT, there are going to be lots of excellent buys out there — to say the very least.
Imagine if you could buy a great house — a house that fits all your desires — and then walk in with $100k in equity!
Those deals are really out there. We helped two different customers put that type of deal under contract this month.
Last year was the year to sit back and watch, but 2008 is the year to get moving and catch a fantastic deal.
Want to hear more?
Come to the Diamond Dwellings Real Estate “Town Hall” Meeting.
It’s being held at Hamilton Mill Golf Club next Monday night, Jan. 28th, 2008
Make this the year that you make a Fantastic Real Estate Deal!
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Hamilton Mill Sellers Get “Real” about Real Estate Values
Related Posts: Real Estate
hi2008 is starting off with an upbeat vibe in the Hamilton Mill market. Lots of homeowners are considering a move this year, and they are being very realistic about pricing — accepting the reality of the 5% to 15% decline in values.
Many — if not most — of these residents are “moving up” locally into a bigger house, etc. They realize that now is the absolute best time in the last 10 years to buy real estate. The higher the price range — the better the deals.
The great news is: You can make a ton of money buying in this market!
Here’s some examples:
Homes in the $300k to $400k range are experiencing $15k to $20k declines from their “perfect day” pricing.
By contrast, a $600k to $700k home might realize a $50k to $80k discount in today’s market.
“NOTE: you have to keep in mind that each individual property has to be evaluated and priced. Results vary widely depending on the exact details & features of your property. For a FREE market evaluation, call us anytime at 678.279.4707 or send email to matt@diamonddwellings.com
You can search all Atlanta listings at HamiltonMillDwellings.com or DiamondDwellings.com
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No Shots Fired at Dacula Real Estate Closing!
Related Posts: Fun Stuff for "Kids over 30", Real Estate
hiSome closings involve parties who simply do not like each other. Sellers could be divorced — and detest being in the same room with one another. Sometimes, it can be even scarier. The Sellers were a 70+ year old couple who had been married for over 40 years. During that time, they had accumulated substantial assets, including some $500k equity in the property being sold. They HATED one another. Not dislike, distrust, or disdain—bona fide hate! Hatred on a level reserved for movies and TV. Think “War of the Roses” for the 65+ crowd—on steroids. Each one believed they were entitled to all of the equity, because of the “sins” committed by the other during the marriage. The wife, the more volatile of the two, had even fabricated wiring instructions for a “joint” account to which she wanted the proceeds wired. I uncovered the ruse by verifying the instructions with her bank. The day of closing arrived. A call from their Realtor advised me that the wife was “in a mood and probably armed.” “Probably armed,” being insufficient to alert the police, so the closing went on at the scheduled time. The buyers signed early and left quickly. Husband and wife arrived and immediately started fighting. After 90 minutes of banter, the husband called the wife a name so heinous, I have not shared it with ANYONE. The wife reached for a .357 hidden in her purse. Fortunately, I was quick enough in my response and prevented her from drawing the pistol. I calmed her down and GOT THE DEAL CLOSED—no shots fired! Strangely enough, I was later called upon to testify at their divorce hearing.
So, what is your craziest closing story? Call me, I’d love to hear it. 770-995-3282
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