Suwanee, GA Real Estate News

By Janice Slaven, Suwanee Georgia Real Estate
(Berkshire Hathaway GA Prop)
         FIRST QUARTER 2009  2009 CURRENT ACTIVES: Total Units:  751High Price:  $8,500,000Low Price:  $105,000 BREAKDOWN: Corporate Owner:  19 Estate Owned:  3 Foreclosure:   50 Lease/Purchase:  39 Lender Owned:  9 Owner Transfer:  46 Other:  585                   PENDINGS: Total Units:  94 High Price:  $1,749,000 Low Price:  $74,900 BREAKDOWN: Corporate Owner:  18 Estate Owned:  0 Foreclosure:  24 Lease/Purchase:  6 Lender Owned:  1 Owner Transfer:  4 Other:  41                   SOLDS: Total Units:  133High Price:  $1,017,000Low Price:  $49,900 BREAKDOWN:   Corporate Owner:  29 Estate Owned;  0 Foreclosure:  38 Lease/Purchase:  6 Lender Owned:  5 Owner Transfer:  3 Other:  52 FIRST QUARTER 2009 SOLDS RECAP Average List Price:  $308,648 Average Sales Price:  $288,313 Average List to S...
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By Janice Slaven, Suwanee Georgia Real Estate
(Berkshire Hathaway GA Prop)
The crystal ball has been shining a bit brighter these days; but fair to say it isn't quite glowing yet. According to Steve Palm, Smart Numbers, indicators are beginning to point in a positive direction supporting the predications of positive results in the second half of this year. The first time home buyer has helped fuel improved sales due to historically low interest rates and the First Time Home Buyer Tax Credit. According to Lawrence Yun, NAR Chief Economist said, "The share of lower priced home sales has trended up, indicating a return of many first-time buyers, which we also see in a parallel member survey." Sales in the upper price ranges remain stalled because of higher interest rates on jumbo loans." (Realtor.org April 23, 2009). A survey by NAR shows first time home buyers a...
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By Janice Slaven, Suwanee Georgia Real Estate
(Berkshire Hathaway GA Prop)
   ART ON A LIMB.... It's that time of year for the travellers of the Suwanee Creek Greenway - and this year...the park-goers at the new Sim's Park.  Begining May 1, the trails at both parks will be dappled with the creative works of Melody Orr.  This is the second time for Melody to to participate in Art on a Limb. Her artwork was also displayed in 2006 Art on a Limb.And, this is the fifth year for "Art on a Limb."  This year's pieces (100 in all)  will be magnets  with collages of historic Suwanee photos.  The artist has combined multi-media techiques in her artwork to enhance the time period for which each magnet repreents.Art on a Limb is a way to have fun and bring an element of excitement as you walk along the paths of either of the parks. Two pieces pf Melody's art will be placed...
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By Janice Slaven, Suwanee Georgia Real Estate
(Berkshire Hathaway GA Prop)
First Quarter 2008 SOLD:  2 Corp Owned:  0Foreclosure:  0Owner Transfer:  0Lease Purchase:  1No Special Circumstances:  1AVERAGE DOM:  44High Sold Price:  $483KLow Sold Pirce:  $438KList to Sale Price:  96%Seller Finance Concessions:  $135 First Quarter 2009 SOLD:  0 Corp Owned: 0Foreclosure:  0Owner Transfer:  0Lease Purchase:  0No Special Circumstances:  0CURRENT ACTIVES:  33Price Range:  $399K-$898,884Corp Owned:  1Foreclosure:  1Owner Transfer:  5No Special Circumstances:  25 OVERVIEW Atlanta first quarter sales historically are low when compared to the rest of the year. Additionally, the current Atlanta real estate market is considered a "declining" market. This will have an effect on property values as we continue to move through the down turn. However, this should NOT deter you ...
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By Janice Slaven, Suwanee Georgia Real Estate
(Berkshire Hathaway GA Prop)
FACES of THE GEORGIA HOMEBUYER  in 2008  Yes, homes did sell in Georgia during 2008, one of our worst year's in real estate. Curious about the profile of the average home buyer? Median age was 39 First time home buyer median age was 31 Median house hold income for 2007 for Georgia home buyers was $73,600 Interesting: 61% of home buyers had no children under 18 living at home 9% born outside United States 41% first time home buyers Median income for first time home buyers was $52,800 61% of first time home buyers said their primary reason for buying was a desire to own a home 47% of home buyers use social networking sites   CHARACTERISTICS OF PURCHASED HOMES   32% of homes purchased were new construction Detached homes accounted for 81% of home purchases Median price range:  $195,000 Com...
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By Beverly Hart, Suwanee, GA
(Berkshire Hathaway HomeServices Georgia Properties)
  Gwinnett County Public School System selected as one of five finalists for The Broad Prize for Urban Education....
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By Jim Crawford, Jim Crawford Broker Associate Fredericksburg VA
(Long & Foster)
Suwanee GA homes for sale!  Are you looking to relocate to Suwanee Georgia?  Selling a home in Suwanee GA or Buying a home in Suwanee?  You are in the right place!  What better place to find your next new home in Suwanee GA then right here!  We have Suwanee GA homes for sale, new homes for sale in Suwanee and resale homes.  Find Suwanee builder close outs, bank owned, builder incentives, Suwanee Foreclosures, Bank Owned homes, REOs and more!  We have something for everyone!  If you are not working with an agent, and you need the services of a full time Suwanee buyers agent to guide you through the maze, and assist you as your Suwanee buyers agent for FREE contact us.  It will be our pleasure to assist you. SUWANEE GA UPDATE SINGLE FAMILY DETACHED HOMES - April 3, 2009 Active - 744 Singl...
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By Janice Slaven, Suwanee Georgia Real Estate
(Berkshire Hathaway GA Prop)
Some good news to report on a national level: USA Today reported a rise in home sales for February. And, according to an article by Walter Molony for Realtor.org, existing home sales rose 5.1 percent nationally (Existing Home Sales Rise in February; March 23, 2009). While Lawrence Yun, NAR chief economist reports  first time home buyers account for HALF of all home sales in February. And, much of that has to do with the current First Time Home Buyer $8K Tax Credit passed by Congress recently.  In the same article by Walter Molony: "In the South, existing-home sales rose 6.1 percent to an annual pace of 1.74 million in February but are 11.2 percent below February 2008. The median price in the South was $146,700, down 10.0 percent from a year ago." With banks lending again, Steve Palm wit...
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By Janice Slaven, Suwanee Georgia Real Estate
(Berkshire Hathaway GA Prop)
Now is a great time to buy....if you are an informed buyer! I know there is a lot of apprehension in the real estate market nationwide. And, for the Atlanta market attitudes are no different. But the savy buyer will recognize this limited window of opportunity and literally....make their move!  Particularly if you are a first time home buyer.....what a fabulous chance to become a homeowner AND put $8K in your pocket. Everyone is talking about the First Time Home Buyer Tax Credit. If you purchase a home during 2009 and you have never owned a home; OR, if you have not owned a home in the past three years, this IS your chance to seize the moment and receive a tidy sum of $8K from the Federal Government. Additionally, for Georgians, the House recently passed a $3600 tax credit for ALL home ...
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By We Buy Houses All Over the USA
(WeBuyHouses.net)
Do you have a home in Suwanee Georgia you need to sell quickly? Have you been searching the Internet looking for a way to someone to buy your Suwanee house fast or some way to sell your house in Suwanee Georgia fast? Many sellers need to sell their house fast, but don't know where to turn. Luckily you've found the right "We Buy Houses Blog" to sell your house in 7 days or less! WeBuyHouses.net is your number one source for buying houses in Suwanee Georgia for fast cash or by taking over your existing mortgage payments. We can help you sell your house fast by buying your house fast! How to Sell Your Suwanee Georgia House Faster Than Ever! (How it works) Once you've completed our Seller Questionnaire providing your contact information and telling us about your Suwanee house for sale, one ...
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By Janice Slaven, Suwanee Georgia Real Estate
(Berkshire Hathaway GA Prop)
I've written on this topic before and it bears repeating....particularly in today's market. If you are planning to put your home on the market this spring and you currently have an older home, it behooves you to take the time to prepare your house for a successful sale. Keep in mind, I am not saying you will see a huge return on your investment, but it will definitely give you better odds of getting to the closing table. Depending on your market, updates may not be critical. However, in Suwanee, there have been many homes built in the past 10 years or less which you will compete against. So if you are like my husband and I having moved into Suwanee before any one even knew Suwanee existed your home, like ours, has probably hit the 20 years or older mark.  Recently we have given serious ...
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By Eric Reid
(Renaissance Realty Group of Keller Williams Atlanta Partners)
What factors impact my credit score?Doing the following typically has a positive impact on your credit score: Paying your bills on time. Delinquent payments and collections can have a significantly negative impact on your score. If you have missed payments in the past, getting current and staying current on your payments. Paying off debt rather than move it around. Re-establishing your credit worthiness if you have had problems. Opening new accounts responsibly and paying them off on time may help in the long run. Applying for and opening new credit accounts only as needed. Keeping credit cards and managing them responsibly. In general, having credit cards and installment loans (and making timely payments) may help in the long run. Someone with no credit cards, for example, may be seen ...
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By John Foster, Your Family Realtor for Life
(Keller Williams Realty)
I have a buyer that is a first time home buyer.  We have been looking for a home for the past two weeks and found thisgreat deal.  This is a ranch home with the bonus room over the garage plus a full unfinished daylight basement.  The prior appraisal estimated the home to be just under 2000 sq. ft (remember that does not include the basement).  The prior seller paid $160K for the home in 2002.  When I showed the home on Monday new carpet was being installed, new vinal was in the kitchen and the home was just painted.  My buyer offered $106K and asked the bank to pay $4,800 in closing costs.  The bank just countered back with a 109K purchase  price.  We should go under contract tomorrow with a sales price of $108K and the seller paying 4,800 in closing costs (net of 103,200).  After my b...
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By The One Hour Man Buys Houses in One Hour!
(OneHourHomeBuyers.com)
That's right, in the time it would normally take for you to have an open house, your Suwanee Georgia house could be sold! Yes, you can sell your home in Suwanee Georgia in a little as one your or less! You see, we're not real estate agents who want to list your Suwanee house... we're local professional home buyers who buy houses in Georgia quickly from people like you in neighborhoods just like yours. We buy all kinds of houses such as pretty Suwanee houses, ugly Suwanee houses, single family houses, multi-family houses, condos, townhouses and more and can often do so in an hour or less! Call 888-765-3461 or visit our website at www.OneHourHomebuyers.com to sell your home in Suwanee Georgia, Duluth, Buford, Sugar Hill, Alpharetta, Flowery Branch, Lawrenceville, Norcross, Dacula, Auburn ...
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By Beverly Hart, Suwanee, GA
(Berkshire Hathaway HomeServices Georgia Properties)
  Valentines Day Client Appreciation Open House was sweeet!
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By Janice Slaven, Suwanee Georgia Real Estate
(Berkshire Hathaway GA Prop)
What Does the New Federal Housing Tax Credit Mean for You?    In its efforts to stimulate the economy and revive the housing market, Congress has enacted legislation providing a tax credit of up to $8,000* for first-time home buyers.But time is of the essence for buyers who want to take advantage of this opportunity. Only homes purchased on or after January 1, 2009 and before December 1, 2009 are eligible.    $8,000Home Buyer Tax Credit at a Glance    ·The tax credit is for first-time home buyers: defined as a purchaser not having owned a home within the previous 3-year period. ·The tax credit does not have to be repaid. ·The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000. ·The credit is available for homes purchased on or after January 1, 2009 ...
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By Janice Slaven, Suwanee Georgia Real Estate
(Berkshire Hathaway GA Prop)
A House as Seen By.... SELLER.....     BUYER....   LENDER... APPRAISER... YOUR COUNTY TAX ASSESSOR...       Over the past 12 to 24 months, many home owners have experienced a substantial loss of equity in their homes.  It is unlikely the tax assessors will have the time needed to re-assess all the properties; and, as such the responsiblity will fall into the lap of  each home owner. So if you do not act quickly you may loose the opportunity all together.  In Georgia, all real property is assessed an ad volorem property tax and each county Tax Commissioner is responsible for collecting the taxes.  Additionally,  under Georgia law, tax payers are required to file a tax return for all taxable property owned on January 1 of each year by the designated dead line (see below). COUNTIES WITH MA...
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By We Buy Houses All Over the USA
(WeBuyHouses.net)
We Buy Houses in Suwanee Georgia in 7 Days or Less! Are you thinking of selling your house in Suwanee on your own for sale by owner? If so, you probably know that trying to sell your Suwanee, Georgia house on your own can be a costly, verifiable nightmare, especially in today's highly competitive buyer's market and troubled economy. You probably know what it's like to have to keep your home cleaned up, month after month, ready to show it at any given time to perfect strangers who probably aren't qualified to buy your house anyway. In the meantime, you have to continue to make your mortgage payments, pay your taxes, insurance, maintenance, utilities, home owner dues and other costs while you wait and wait and wait to sell your Suwanee house. If you do find a buyer who is interested in pu...
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By Beverly Hart, Suwanee, GA
(Berkshire Hathaway HomeServices Georgia Properties)
  Collaborative home pricing is in! 
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By Janice Slaven, Suwanee Georgia Real Estate
(Berkshire Hathaway GA Prop)
What a pleasant surprise to see December '08 out-perform November '08. In November we saw only 2,471 detached family units sold while in December we finished with 3,212 units. Not bad for a month usually devoted to Holiday shopping, parties and time with family and friends. Just as interesting, is an increase in average pricing: $204,800 in December while November average sold price was $196,833. Attached single housing faired about the same:  December closed with 476 units while November '08 closed with 367 units. And, pricing on attached single family homes also followed suit with the detached: December '08 the average sales price - although well below December '07 - was $168,436 ahead of November '08 coming in at $160,453. So let's take a look at December numbers: According to a Janu...
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