Real Estate Today

Home Ownership - No Longer Just a Dream

2012-01-29T08:19:00.001-05:00

The Georgia Department of Community Affairs DreamHomeownership Program has helped over 35,000 Georgians achieve the dream ofhomeownership by providing affordable first mortgage financing and down paymentassistance.

Special emphasis has been given to help, those working inthe school system, the medical community and of course our protectors, activeduty military and the Georgia Army and Air National Guard, law enforcement (toinclude correctional department), firefighters, day care providers and toindividuals with a disability. This is quite an extensive list. Practicallyeveryone is eligible.

There are a few stipulations of course, such as the purchasemay not exceed $200,000. First time home buyers must also attend Home BuyersEducation Training, we recommend this to all potential buyers. These loans areusually ½ to 1 full basis point below the prime interest rate. Of course thehome buyer must contribute $500.00 of their own personal money, this cannot beborrowed. To acquire a 100% loan the borrow normally must have a credit scoreof 620 or higher. Lenders usually require 30 business days to complete thepaperwork so it can be submitted to DCA.

One of the most inspiring concepts about the Department ofCommunity Affairs (DCA) program is the GREEN program. This program providesgrants to builders, up to $20,000 to offset the cost of building energyefficient homes. These energy efficient homes must be Earth Craft, EnergyStar or Easy Living certified. The added bonus is that Home buyers who wish to purchase an energy efficient homeare eligible for a host of incentives as well.

Talk to your local Almost Home Realtor, he/she will help you find aparticipating lender. At Almost Home Realty can turn your dream into a reality.

Live the good life and allow your dreams to come true in Jones County,it just keeps getting better.

In the Eyes of the Beholder

2012-01-24T21:44:00.000-05:00

Rental properties provide 2nd income.

2012-01-24T21:36:00.000-05:00

The approximately about a half a million vacant houses controlled by the federal government currently sitting on the market today. Many of these are not actually listed for sale, either because the foreclosure process has not been completed or because the entities (Banks) who repossessed them believe that the cost of selling will not be recouped by the sales process. Because we have so many people that have lost their homes to foreclosure coupled with the fact we are running out of rental properties, creates a perfect storm for people who are looking to create a second income from owning rental properties. At Almost Home Realty and Property Management we cater to those folks who don't know the law or procedures to properly manage properties. For more information, call us today.

Now is the Best Time to Use Your VA Loan

2012-01-17T20:02:00.000-05:00

The average 30-yearfixed mortgage has fallen below 4% for the first time ever. Combinedwith the powerful benefits of a VA Loan, this is literally the opportunity of alifetime. Don't miss this chance.

Search for Lenders that work with VA Loans and see what they can do for you.

  Lock in a Low, Fixed Interest Rate
  No Down Payment or PMI Required
  Pay Off Credit Cards or a 2nd Mortgage
  Roll Closing Costs into Your Loan

VA Loans are available to Active Duty Military, Veterans, and Retirees.
Use a VA Loan to buy a new home or refinance anexisting loan.

2012 Housing Predictions: Is the Worst Over?

2012-01-16T11:48:00.004-05:00

About 1.9 million homesentered the foreclosure process in 2011, the lowest level since 2007 when therecession began, according to a report Thursday by the foreclosure listing firmRealtyTrac. That the decline does not necessarily indicate that the housingmarket is getting better, as many foreclosures have been delayed due toconfusion over documentation and legal issues involved in the process. One thing I know for sure is that if you have been sitting on the fence to buy a home. Get off it and call me. Now is the time to buy. Your government may be poised to sell all these foreclosures in bulk to investors who in turn will convert these homes to rentals, thus killing the American Dream. Call me (Rick Tipton) today at 478-719-4535. Almost Home Realty, Associate Broker.

Land For Sale

2012-01-13T17:06:00.004-05:00

Over 2 acres of prime real estate sitting on Hwy 18 between the Morman Church and the Church of Christ. New price was $79,000. Old price $199,900. This is an EXCELLENT location for professional offices. The logical choice for our fair city to grow is out the Bill Conn connector onto Hwy 18. This property has access to city water and sewage. Will you be the savy person who spots a golden opportunity when they see one. Call Rick Tipton (478) 719-4535 or Debra Kitchens (478) 972-1701, or our the Almost Home Realty office at (478)-0051.

Call your Representative NOW - Say NO

2011-12-20T20:18:00.002-05:00

Both versions of this bill impose a permanent new tax on every mortgage backed by Fannie Mae and Freddie Mac. To pay for an additional two months of tax relief under the Senate version or 12 months under the House version, more than $3,000 of new taxes will be imposed on every $150,000 mortgage backed by Fannie or Freddie. A family taking out a $250,000 mortgage will pay $5,000 more in taxes–directly and solely because of this bill– hidden in their future mortgage payments. This is atrocious public policy. It shifts the burden for this bill to future homebuyers, kicks the housing market when it’s already down, makes it that much more expensive for home buyers to re-enter that market, and adds to the pressures that have chronically depressed everyone’s home values. That’s the reason that both the Senate and the House versions need to go back for major revision.

The Sad Truth

2011-12-12T21:36:00.000-05:00

National REO Statistics:* 1,600,000 Homes are currently owned by Lenders/Banks* 3,600,000 Mortgages are delinquent and at risk of foreclosure* 14,000,000 Mortgages are at 125% or greater LTV than the actual home values

Becky Kelley - Where's the Line to See Jesus - OFFICIAL MUSIC VIDEO

2011-11-28T14:24:00.003-05:00

2011-11-26T17:40:00.001-05:00

Simply.....put
What exactly is a short sale?Here is the directive for short sales that is pertinent information, as it speaks to closing costs which are allowed and not allowed pertaining to FHA and Conventional loans.http://portal.hud.gov/hudportal/documents/huddoc?id=DOC_14626.pdf

HAFA Short Sales A short sale is the sale of real property which falls short of the amount due on that property’s mortgage(s). Since it means that the lender(s) will discount their debt(s) and take a loss on their investment, the sale must be approved by the lender(s) on all mortgages and liens on the property. A short sale is generally approved only as an alternative to foreclosure.The lender on your first mortgage has the first right to the proceeds from the sale because they have the first right to foreclose on the property in case of default. If you have other mortgages or liens on that property, you must be able to get those lenders to release their lien on the title to your property before the original lender can accept the deed. Just like in other real estate transactions, the title must be clear when it is transferred through a short sale.You must agree to work together with your original lender, real estate agents and brokers, appraisers, title companies, mortgage insurance companies, and all other lienholders in order to avoid foreclosure through a short sale.When your first mortgage lender agrees to accept a short sale under HAFA, they must agree to give up their right to ask you to repay any part of that debt, whether by cash, a promissory note, or a default judgment in court. The other lienholders may require cash, a promissory note, or a combination of both before they will agree to release their lien. Be prepared to negotiate terms with them.

Above Information provided by http://hafa-program.com/home/what-is-a-short-sale.html

ADVISORY: SEEK THE PROFESSIONAL ADVICE OF A PROFESSIONAL ATTORNEY, CPA FOR LEGAL QUESTIONS BEYOND MY SCOPE AS A REALTOR IN REGARDS TO ANY SHORT SALE INFO PROVIDED !

FANNIE MAE HAFA GUIDELINES Very Timely and important new rules and guidelines! Please read for short sale and deed in lieu updates!

Here for the Long Haul

2011-11-24T19:02:00.000-05:00

Over 300,000 Realtor's are giving up their dream because during this current economic downturn. Why, because they refused to change and keep themselves educated on the new processes required to assist their clients in navigating the myrid of requirements by Fannie Mae, Freddie Mac and HUD. In todays market, my obligation as a professional is to stay abreast of the ever changing landscape in the Real Estate market. To that end I invested in additional education to become REO's Specialist. By furthering my knowledge I can help my customers acquire the perfect property or assist them during the short sale process that aids them in selling their home with the mortgage lenders approval. This creates a win=win for both parties. Should you need assistance, become one of my preferred clients. I would be glad to represent you.

Landlord Retirement Plan – The latest strategy

2011-10-18T22:03:00.000-04:00

With interest rates at historic lows, creating an adequate retirement income stream has become difficult and expensive. But here’s an interesting development: Increasingly, baby boomers say they will count on rental income to fill a role traditionally reserved for things like fixed annuities and bank CDs, according to a Coldwell Banker Real Estate survey out today.

I Am an Authorized Agent For HUD Home Sales

2011-09-23T14:16:00.000-04:00

Residential - Single Family3 Bedroom 2 BathAddress: 3213 BETHUNE AVEMACON, GA 31211County: BIBBList Price: $75,087As-Is Value:$103,000Call me today if your interested in this home.

Obama Care has hidden tax for Home Purchases

2011-09-23T14:09:00.000-04:00

The National Association of REALTORS is all over this and working to get it repealed before it takes effect. But I am very pleased we aren't the only ones who know about this ploy to steal billions from unsuspecting homeowners. How many REALTORS do you think will vote Democratic in 2012? Did you know that if you sell your house after 2012 you will pay a 3.8% sales tax on it? That's $3,800 on a $100,000 home, etc. When did this happen? It's in the health care bill and goes into effect in 2013. Why 2013? Could it be to come to light AFTER the 2012 elections? So, this is "change you can believe in"? Under the new health care bill all real estate transactions will be subject to a 3.8% Sales Tax. If you sell a $400,000 home, there will be a $15,200 tax. This bill is set to screw the retiring generation who often downsize their homes. Does this make your November and 2012 vote more important? Oh, you weren't aware this was in the Obamacare bill? Guess what, you aren't alone. There are more than a few members of Congress that aren't aware of it either http://www.gop.gov/blog/10/04/08/obamacare-flatlines-obamacare-taxes-home I hope you forward this to every single person in your address book. VOTERS NEED TO KNOW.

Have a Great Labor Day Weekend

2011-09-02T14:43:00.002-04:00

Labor Day is about taking a much-deserved rest in recognition of hard work. We hope you enjoy this time relaxing with friends and loved ones. You deserve it. And if there's anything I can do for you, please let me know.

Rick Tipton
Associate Broker
Almost Home Realty,
(478) 719-4535

Fannie Mae Pushed Foreclosures rather than Loan Modification

2011-08-16T15:58:00.000-04:00

Fannie Mae admitted that they were pushing foreclosures rather than Loan Modifications (so much for the governments help). To make matters worese, Anyone that has had a foreclosure in their past and wants to buy a home will face some challenges.

1. Must be 7 years out, unless there are extenuating circumstances, such as death in family, loss of income due to loss of job and all will have to be documented.

2. Even with proof and documented extenuating circumstances, it still has to be 3 full years out from date on credit report.

This is on all FHA loans that require 3.5% down and can be a 203B or 203K.
For additional information contact my friend Patrick Spencer at Envoy Mortgage.

Exciting News

2011-08-16T15:53:00.000-04:00

Exciting News: The initial disbursement at closing option on FHA 203(k) Streamline product! This option will allow's borrower's to receive up to 50% of the cost of repairs AT CLOSING which will enable them to start work immediately after the loan closes and funds. I Love It. Now you can get those needed repairs done quicker.

Signatures on Sales Contracts

2011-07-05T12:15:00.000-04:00

My Friend Patrick Spencer at Envoy Mortgatge has identified an area that needs to be addressed.

Here’s the problem:

1. Name on sales contract appears as James Smith. He signs the sales contract as James A. Smith and puts in the loan application to us As James Allen Smith. We pull credit as James Allen Smith.

2. When we get the loan into process we have to order the 4506-T for tax transcripts on all loans. If the 4506-T does not appear exactly as how Mr. Smith filed his 1040’s, we then have to retype the 4506-5, get him to sign exactly as how he filed his taxes, then we can get the transcripts.

HOW TO SOLVE PROBLEM:

A. When a sales contract is written, ask the client how their names appear on their tax returns and make the sales contract match those names.

B. Double check that clients have signed the sales contract correctly.

This alleviate the need for Lenders/Loan Processors from having to repull credit in the correct name and asking you to obtain an amendment to the contract showing the correct name.

C. We are now asking all clients when completing any application to put their name the same way as it appears on their tax returns.

FOR SALE 435 Ashville Dr. Macon, GA 31210

2011-07-01T22:13:00.000-04:00

Create your own video slideshow at animoto.com.

Consider Buying a HUD Owned Property

2011-06-26T10:13:00.000-04:00

As a HUD registerd agent, I am authorized to represent you in the purchase of HUD Owned Properties. To view all HUD Properties available for sale in Georgia, please visit http://www.hudpemco.com/. Our HUD-registered agents can sell and show you any home you find of interest on the site."

Cross Your Fingers and Hope For the Best

2011-06-23T15:50:00.000-04:00

It’s no secret that home sellers are under a lot of stress. It’s a tougher market, home prices have fallen a lot, and many are trying to get as much money as possible to recoup their investment. We Realtors feel your pain and we’re on your side. But sometimes, sellers do things that make it harder to sell a home for what it’s worth.

Here are five things sellers do that make their real estate agents cross their fingers, and hope for the best.

1. Sellers who think their property is unique and therefore worth more money.

A seller’s home is special to them; they’ve put a lot of heart, soul, and money into fixing it up. It may be where they started a family or built a lifetime of memories. Most agents get that, but trust me, unless it’s the Winchester Mystery House, most properties aren’t that unusual.

When a seller believes their home is unique, however, they also believe it’s worth more and can fixate on an asking price that’s too high, despite the advice of an agent. If it’s priced too high, a home will sit on the market for months. Unfortunately, nine out of 10 times, the seller will end up selling for less money than they would have gotten if the home was priced appropriately from the start.

2. The seller doesn’t clean up the home.

Sellers: It’s important to pick up the home before a showing. Potential buyers touring a home probably won’t appreciate stepping on a child’s toy or fail to see the charm of a dog’s discarded tennis ball. Buyers want to feel that a home is clean and well maintained. If it’s not, they’ll likely move on to the next.

3. Sellers who stick around during an open house.

There’s a reason why real estate agents don’t want sellers hanging around when potential buyers arrive. While a seller may be perfectly friendly and agreeable, they can alienate buyers or make them feel uncomfortable without even knowing it. I
4. Sellers who hold out for extra money at the last minute.

Say a buyer made an offer that was $40,000 less than what the seller wants. The agent and the buyer’s agent have gone back and forth with a series of counter offers. The seller is only about $3,000 from their dream price but they insist on trying to squeeze another $1,500 out of the buyer.

During escrow, the buyer may find a reason to ask for that $1,500 or more back in credits anyway. In demanding more money, the seller may have created bad will, as well as stressed those involved in the purchase. When it comes down to it, extracting that last $1,500 may actually cost the seller more at the end of the transaction.

5. Sellers who don’t clean up before turning over the keys.

Sellers should imagine themselves as the future buyer. Would they want to walk into their new home and find 12 cans of old paint in the garage? Or an old sofa with a broken leg in the attic?

The tip to sellers is to try to make the home as spotless as possible for the new owners. They’ll appreciate it and so will your agent. And besides, it’s good karma.

Tell Congress: Ensure Your Clients Have Access to Affordable Mortgages

2011-06-21T19:26:00.000-04:00

On September 30, the cost of a mortgage could rise significantly. If this happens, many of our clients run the risk of being priced out of the American Dream of home ownership. Even worse, this could hold back the housing recovery.

As REALTORS®, we know that well-qualified buyers don't need yet another hurdle to access affordable mortgage financing.

Please contact Congress today and communicate clearly that a housing recovery depends on keeping mortgages affordable and that Congress needs to prevent these higher loan limits from taking effect.

SunTrust Online billpay technical problem

2011-06-19T21:01:00.000-04:00

I experienced first this technical issue that caused double postings of transactions for clients who opted to pay bills online. I immediately went to the bank and they fixed the error immediately. The mistakenly drawn funds were returned and overdraft charge.

I can tell you when my wife called and said that a three dollar purchase was declined I about had a stroke. I then pulled up my account and saw our mortgage payment was paid twice (ouch). My wife
thought she might have hit the enter button twice. Thankfully it wasn't caused by anything we did.

This just goes to show you that you need to act immediately when an anomoly like this occurs.

Bank Owned Properties

2011-06-14T13:17:00.000-04:00

Folks, this is a good time to take advantage of the distressed housing market and get the home you have wanted at a great savings!!

Many Homes have yesteryear charm and character while others are in need of some repairs but with a good cleaning some paint and your own Signature applied to it, it could be the Jewel of the neighborhood.

Call me today and schedule an appointment so we can sit down and create a list of homes that will fit your needs.

Get Your House Sold

2011-06-09T09:29:00.000-04:00

5 More Things You Didn't Know Could Get Your Home Sold

There’s so much information on the web these days about how to stage a home and create compelling curb appeal, that you might think you know all you need to on the subject. Just when you thought you’d mastered the matter, we thought we’d brief you on 5 more things that can get your home sold, some or all of which might never have occurred to you.

1. Your neighbors. Most homeowners contemplating selling their homes understand the importance of well-kept neighboring homes. Many a buyer has pulled up to an amazing house, viewed it, and left shaking their head with woe because they just can’t cotton to buying the place on account of the shoulder-high weeds, car in the yard or crumbling ruins of the house next door.

On the flip side, your neighbors themselves - not just the homes, but the people - can actually help sell your home. Many homeowners know people who want to live in their neck of the woods; this is one reason many seasoned real estate professionals hold their listings open to neighbors and send out postcards to neighbors announcing the listing - the neighbors might know people who are interested in your home! Also, neighbors who are out and about chatting with each other, laughing and playing with their kids, mowing their lawns or painting their fences, or even who just offer a smile and helpful area knowledge to the buyer-to-be they pass on the street can make a very favorable impression on prospective buyers.

It’s a good idea, if and when you decide to list your home for sale, to touch base with neighbors you know and let them know; it’s in their best interests to get good new neighbors, so they might be able to go the extra mile in showing the neighborhood’s biggest asset - themselves - off to its best advantage.

2. The right sights, smells and sounds. It’s no news flash that the view of a used car lot; stinky foods or animal smells; and the siren song of a fire station next door could be deal-killers. What might surprise is some of the right sights, smells and sounds that can help seal the sale of your home. My experience has been - agents, chime in here! - that the more natural beautiful sights, smells and sounds are, the more favorably they’ll be received by the largest population of prospective buyers.

For example, playing a soundtrack of classical musical is fine, but will cause some skeptical buyers to wonder what noises you might be trying to cover up - especially if you’re in a condo or other potentially thin-walled property where neighbor noise might be an issue. On the other hand, birdsong can be attractive to some buyers. Artificial air fresheners? Not so much. The scent of the jasmine or lavender that grows in your yard? Even allergy victims can appreciate that.

You might be desensitized to the amazing views of trees, mountains or even water outside your window, but pulling back the curtains so prospective buyers can see for themselves is an absolute must.

Home buying is a multi-sensory experience - visual staging of the property itself is no longer a plus, it’s a must. But homes which create pleasant impressions that fire on all of a buyer’s sensory cylinders definitely have the edge on their competition.

3. Your dog. The New York Times ran a piece a few months ago about sweet, well-behaved dogs (and cats!) who reportedly helped sell their owners’ Manhattan apartments. In a departure from the conventional wisdom that dogs should be removed and every trace of their presence erased from the home during showings, the article featured several buyers and brokers attesting to their belief that the presence of a particular cat or dog “help[ed] sell a property by making the place seem warmer or more appealing.” And I’m sure you’ve all heard me tell the story of the San Diego buyer who fell in love with a tract home listed at a price higher than all the nearly identical comparables he’d seen and wanted to make a full-price offer immediately - so long as the deal included the dog!

Definitely consult with your agent before you decide to implement leaving your dog at home for showings as part of your plan. I’m a dog lover, and would be concerned that someone might inadvertently let one of “my girls” out, if I left them there while my house was being shown; as well, would-be buyers or their agents may have allergies your pet could set off. Lately, it seems like I’ve seen many brokers attempting to capture the best of both worlds by making sure that the family pet or even the broker’s own pet is captured in a charming tableau in 1 or 2 of the listing pictures, even if they’re not present at the home during showings.

4. Your happiness. Video and even written love letters that extoll all the virtues for which you love your neighbors, your neighborhood and your property are contagious to buyers. I’ve seen sellers help buyers see their homes through their own loving eyes by posting videos on YouTube and including the link on the listing flyer or even by putting a binder containing a letter plus menus and flyers from their favorite neighborhood restaurants, dry cleaners and other local merchants out on the counter during showings.

Wide-open curtains that let light stream in, light and bright paint and decor colors and other home features that science has proven make residents more happy and functional also create this thought process in a buyer’s mind: “Hmm, these people seem happy here. I could be, too.”

Similarly, indicators that you invested a lot of love in your home, by keeping it in immaculate order and pristine condition, by tending a well-cared for kitchen garden, lovingly furnishing and making comfortable (if not overly customizing) your kids’ rooms, all create the feel that a home was happily lived in - it’s like staging your home with a life well-lived, not just paint and tile.

5. The freeway or train tracks you thought was too close. There is such a thing as a freeway or elevated train tracks being too close to your home; if your place rattles or roars, for example, every time the train passes, chances any buyer will view that as a selling point are pretty slim. However, homebuyer attitudes toward being located near freeways and rail lines or bus lines are a-changing. Every upward click of gas prices renders buyers a tiny bit more interested in a location that is more commutable.

Where yesteryear’s buyers were all about the posh exclusivity of far-out suburbia, today’s buyers are more interested in financial and ecological efficiency and convenience. I’ve never heard so many homebuyers looking to own homes that will allow them to ditch their cars entirely as I have in recent years!

What might once have been seen as too close to the freeway has gotten a new spin, lately, as a highly convenient, commuter-friendly location.

P.S. - You should follow Almost Home Realty and Rick Tipton on Facebook!

10 Steps to Buying Foreclosed Properties.

2011-05-29T09:32:00.000-04:00

When I have an home buyer or investor who wants to purchase bank owned foreclosures at a deep discount, I recommend the following to get their purchase offer accepted above others who may be competing with them.

1. Must offer a Cash Deal - No Financing whats so every.
2. Offer 30% below what the bank is asking - It is your money so lets protect it.
3. No contingencies. No inspection periods. - Check the property out before an offer goes in. Remember you cannot start any repairs or remodeling prior to closing so don't ask.
4. The higher your earnest money (deposit) is the more credible your offer is to the asset manager. I recommed minimum $2,500 to $5,000 depending on the price of the property.
5. Have a proof of funds letter from your bank stating you have sufficent funds to cover the purchase and closing costs. This will be attached to the purchase offer. This shows that you are serious and will close on time.
6. Proposed Closing date should be no more than 30 days from the binding agreement date.
7. You may save as much as $800.00 if you use the banks, HUD, Fannie Mae or Freddic Mac closing attorney.
8. Work with one Real Estate Agent ONLY- developing a good working relationship is essential. You will not get better service by using multiple agents. An agent that gets to know how you think will be your greatest asset.
9. Never let your emotions dictate your actions - if you don't get a particular property - don't worry, there are more out their.
10. Get your ducks in a row, if you need to make any repairs you should have them completed within seven to ten days after the closing. Then quickly have your agent put the property back on the market for sale or to rent.

Fight Forclosures in Your Community

2011-05-28T15:06:00.000-04:00

Fight Foreclosures in Your Community
Even if you’re current on your mortgage, nearby foreclosures can affect your community through lower property values, higher crime rates, and lost services. Read

Visit houselogic.com for more articles like this.

Don't Buy That New Furniture Until After Closing

2011-05-25T14:49:00.000-04:00

With many of today's buyers purchasing homes at the top end of what they can afford, there isn't any room left in their loan qualification score. Deals have been lost days before closing because the lender did a final credit check and found several thousand dollars of new furniture had just been purchased on a credit card.

I advise my buyers to make no significant credit changes or purchases in this critical pre-closing phase.

Sucessfull HOME BUYERS engaged the services of a Real Estate Agent. Call me I be more than happy to assist you purchase your new home.

FHA 203K Streamline loan Update

2011-03-01T19:38:00.000-05:00

Hello Friends

My friend Patrick Spencer at Envoy Mortgage tells me they have updated guidelines on the FHA 203K Streamline loan that allows up to $35,000 in repairs.

It is now possible to do HUD REO’S on this program with $100.00 down and add repairs over and above the sales price, as long as the appraisal comes in for sales price plus repairs. This is on HUD REO’s for the $100.00 down.

640 credit scores are required.

Let Pat if you need help or answers any questions. Keep in mind they only do the FHA 203K Streamline loan.

Regards,

Rick Tipton
Your Middle Georgia Realtor

It May Be Cheaper To Buy Than Rent!

2011-02-09T18:08:00.000-05:00

Home prices are starting to climb

According to a report from the National Association of Realtors (NAR), sales of existing U.S. homes jumped 12.3% in December. The upbeat month for home sales data comes at the tail end of what was a weak 2010. Annual home sales saw a 4.8% drop in the metric from 2009 levels, but the final month rise in sales could be the beginning of more upside in the sector. The NAR report also shows that although there is still a lot of inventory in the property market, those inventories have been gradually going down. Inventories in December of 3.56 million homes represented 8.1 months of supply, compared with 9.5 months in November.

Stock prices are too high
Buying a home is not only a deeply personal decision; it’s also a very serious investing decision. Should you invest in a new property now, or would you be better off funneling that money into stocks or other investments? Consider this — stock prices over the past 12 months, as measured by the S&P 500 Index, are up over 25%. What this means is that if you are a long-term investor looking to put money to work, now is not really the best time to get into equities. Conversely, median home prices in 2010 were up just 0.3% according to the NAR. In equity market terms, a home could be likened to an undervalued stock.

It’s cheaper to own than to rent
Buying a home now could actually be cheaper than the alternative of renting. That’s the conclusion of real estate data firm Trulia. According to the company’s Rent vs. Buy Index, buying a property—including mortgage principal, interest, taxes and insurance—was actually cheaper than renting in 72% of cities around the country. The firm compared a year’s rent for a two bedroom apartment, condo or townhouse with the cost of buying a similar property in 50 big cities around the country. Some of the most affordable areas to buy right now, according to Trulia, are Las Vegas, Miami and Phoenix.

Rising interest rates
Another cost-related argument in favor of investing in a home right now is interest rates. We saw mortgage interest rates rise steadily during the final weeks of 2010, with the average rate for a 30-year, fixed-rate mortgage finishing at 4.71% in December. That number represents a 4.3% gain from November. As the economy continues improving, we are liable to see rates continue climbing. That means that now is the time to lock in what are still historically low mortgage rate — before the cost of that loan spikes any higher.

A great inflation hedge
Historically, real estate and gold have been considered great hedges against inflation. And while the main measure of inflation, the Consumer Price Index (CPI) hasn’t gone off the charts. That’s because the CPI measure excludes food and energy prices. If you’ve been to the grocery store or bought a tank of gas in the last month, you know inflation is real. Plus, inflation is a game of expectations; if people think prices will be going up they tend to act. As the Federal Reserve has demonstrated, it is committed to printing more and more money, and hence debasing the dollar. That means more inflation down the road, and that means an inflation hedge like real estate could be just what the portfolio doctor ordered.

Source: Investorplace.com

Give Your Heart Ball

2011-01-21T22:02:00.002-05:00

Real Estate Today

2011-01-21T07:11:00.000-05:00

Ballroom Dance Lessons

2010-10-24T13:41:00.001-04:00

Thought I would get off the Real Estate path for a moment and tell you about a friend of mine Ms. Dianne Kent.Dianne is a superb ballroom dance instructor and the Vice President of the Greater Macon Chapter 6059 of USA Dance. She lives in Gray Georgia and teaches at the Northside Wellness Center in Macon. I highly recommend that you call Dianne to join her class. Call: 478-297-5178 or email her at dgk629@windstream.net

TIRED OF RENTING

2010-09-19T09:19:00.003-04:00

Prices have never been Lower!

Now is the Time to Buy a Fixer Upper

With a FHA Streamlined 203K Loan

Let Rick Tipton at McDouglad Realty, LLC help put you on the path to Home Ownership.

If you've been passing up buying homes that require cosmetic repairs for lack of funds to fix them up, FHA has a program for you. Not to be confused with FHA's much more complicated 203K program, a Streamlined 203K loan eliminates much of the paperwork and simplifies the process to obtain rehab funds.

Patrick Spencer, a loan officer at Envoy Mortgage in Macon, believes first-time home buyers should get all the help they can. Unfortunately, uninformed first-time home buyers are often turned off by fixer uppers or overwhelmed and ill-prepared to deal with the work required bringing a home up to today's standards. " Buyers often get their foot in the door," and say 'We have a lot of work to do here, and we're never going to get it done.'"

Perhaps a Streamlined 203K loan could be the answer.

How Does a Streamlined 203K Loan Work?

It used to be that you bought a home and then applied for a home equity loan to fix it up, resulting in two loans. But many lenders won't make rehab loans. Some won't fund equity loans at closing, especially if there is no equity.

• A Streamlined 203K loan is figured into the original loan balance, resulting in one loan.

• It can be an adjustable-rate or fixed-rate mortgage.

• The mortgage balance can exceed the purchase price of the property.

• Borrowers are not required to hire professional consultants, licensed engineers or architects.

• The appraiser or home inspector can put together a list of recommended repairs / improvements.

Eligible Repairs & Improvements

The Streamlined 203K loan allows for simple repairs that can be easily estimated and completed. Many are considered light cosmetic repairs, but some will require hiring a licensed contractor if it falls out of the borrower's area of expertise. Here is an approved list of repairs / improvements from HUD:

• Roofs, gutters and downspouts

• HVAC systems (heating, venting and air conditioning)

• Plumbing and electrical

• Minor kitchen and bath remodels

• Flooring: carpet, tile, wood, etc.

• Interior and exterior painting

• New windows and doors

• Weather stripping & insulation

• Improvements for persons with disabilities

• Energy efficient improvements

• Stabilizing or removing lead-based paint

• Decks, patios, porches

• Basement completion and waterproofing

• Septic or well systems

• Purchase of new kitchen appliances or washer / dryer

Special Conditions & Terms

• No minimum loan balance required.

• Borrowers must occupy the property.

• Property cannot be vacant for more than 30 days.

• Work must be completed within six months.

• Work must be professional.

• If job requires a permit, borrowers must get a permit and a sign-off.

• Work must commence within 30 days from closing.

Repairs Not Permitted

• Landscaping or yard work

• Major remodeling

• Moving a load-bearing wall

• Room additions or add-ons to the home

• Fixing structural damage

Requirements to Perform the Work

• Borrowers can select among licensed contractors.

• The lender will review the contractor's experience, background and referrals.

• The lender will want a copy of the contractor's estimate and the agreement between the contractor and borrower.

• Borrowers can also arrange to do some or all of the work under a "self help" arrangement.

• Do-it-yourself projects require providing the lender with documentation supporting the borrower's knowledge, experience and ability to perform the necessary work.

Disbursement of Payments

• Maximum of two payments to each contractor, including the borrower, providing the borrower works under a "self help" plan.

• No more than a 50% advance is allowed.

• Do-it-yourself allowances do not include labor; only materials costs are allowed.

• Final payment is paid after submission of evidence of payment to sub-contractors / suppliers or other possible lien claimants.

How About a Reasons to Apply For a Loan Below $15,000!!!!

• The lender is not required to inspect the completed work.

• The lender is not required to authorize a third party to inspect the completed work.

• A letter from the borrower or copies of contractor receipts will suffice as notice of completion, providing the lender has no reason to determine a third-party inspection is necessary.

The path to home ownership is your choice.

DISCLOSURE: Envoy Mortgage is one of many Lenders throughout Middle Georgia who may be able to help you to acquire a loan.

The Market Today

2010-09-16T14:54:00.000-04:00

Hello,
Thought I would take a moment and update you on the Real Estate activity in our area. from April 15th through today.

The graph below depicts the concentration of sales starts at 0-$50,000 and goes up to the $150,000 mark with the greatest concentration in the 0-$50,000 price range.

Active Listings

Area: 1,644

Gray, GA : 119

Jones County: 213
Graystone Park: 6

Foreclosures
Area: 217
Gray: 14
Jones County: 80
Graystone Park: 2

For Sale By Owner
Gray: 71
Macon: 106

The Danger of Overpricing

2010-08-28T14:50:00.000-04:00

When setting a price, why not ask for the moon?

Make no mistake, as professional I want you to get the best possible price for your property. However, when a home is priced too high for the market:

— It attracts lookers, not legitimate buyers.
— It implies that you aren’t motivated to sell.
— It reduces the number of showings.
— It helps the competition.
— If it doesn’t appraise at the higher price, a buyer may not be able to secure a loan.
— You may ultimately have to drop your price below market value in order to sell.

Buyer says TGIF

2010-08-25T11:44:00.000-04:00

It has been another busy week. I am closing on three properties on Friday!!! I can assure you, my clients are extremely happy and looking forward to taking possession of their new homes. They truly understand the meaning of "Thank God It's Friday (TGIF)). Let me help you achieve your dreams.

If you are interested in buying, selling or investing in the Middle Georgia Area, or just want to stay updated on the real estate market, you have come to the right location. My goal is to exceed your expectations as a buyer or seller in today’s market!

I understand your desire to secure the services of a forward thinking Realtor who will ensure that your interests are protected at each step of the real estate transaction, please give me a call or email! If you wish to sell a home/property I will be glad to set up your own personal webpage for your property to provide as much exposure as possible.

When you want to buy or sell a home where do you start.

2010-08-22T17:12:00.000-04:00

It is my opinion that newspaper advertising does very little to provide exposure to a listing.
What's your thoughts.

Wow - What a Roller Coaster Ride

2010-08-14T11:46:00.000-04:00

Wow what a roller coaster ride it has been for Buyers, Sellers and Agents who simple cannot understand why the federal government has gone off the deep end and is crippling our nation.

But is that only a small piece of the problem – I believe so. Market values in a few places have increased a somewhat over the past few years and then dropped down again, there was often a remaining net gain. However, if someone saw their home rise 20% in value and then drop 10%, they see themselves as having lost money rather than having gained 10% in value. That negative-focused thinking can, and often will, discourage a person from establishing a realistic listing/sale price.

So why isn't my house selling – The Reality of this issues is because of unrealistic expectations on the parts of sellers and agents alike. We are still trying to establish a market norm and anyone out there “trying” for a price that the market simply will not support is wasting the Prospective Buyers time as well as that of their Listing Agent. The truth is never easy to swallow. Fortunately many who really did want to sell, but who perhaps were not ready to accept the realities of the market, will now reconsider creating a listing price that is palatable to the market in their area.

More so then any time in our history the public needs an educated real estate professional, it is now. There are far too many people parading themselves as Realtors®, yet have not stepped up to the plate relative to enhancing skills and knowledge to be the kind of resource the consumer wants and demands. We are at a pivotal point in the history of our industry. Many will leave the business, and many already have and that is ok. For knowledgeable and professional Realtors® embrace the National Association of Realtors Code of Ethics. Below is a portion of our preamble:

“Under all is the land. Upon its wise utilization and widely allocated ownership depend the survival and growth of free institutions and our civilization.”

“In recognition and appreciation of their obligation to clients, customers, the public and each other, REALTORS® continuously strive to become and remain informed on issues affecting real estate and, as knowledgeable professionals, they willing share the fruits of their experience and study with others.”

Engage the services of a professional Realtor in your area – you’ll be glad you did!

Georgia's Antebellum Trail

2010-08-13T23:30:00.000-04:00

If your planning to move to Georgia, there a many short or day trips you can take with the family to immerse yourself in the rich history of the south. Check out Georgia's Antebellum Trail to start your adventure.

435 Ashville Dr. Macon, GA

2010-07-20T13:37:00.001-04:00

Stop Let Me Put You On

The Fast Track To Home Ownership

Newly Remodeled

Lovely Home in North Macon

3 Bedrooms, 2 Bath, 2 Car Garage

Price Reduced to $147,900

356 Amanda Dr. Gray, GA Price Reduced

2010-07-18T10:37:00.000-04:00

PRICE REDUCED - SO LOOK NO FURTHER
We have the Perfect Home for you and your family.

This recently REMODELED Spacious 5 Bedrooms, 3 Bath.
Approx 2700Sqft +/- Home is looking for a new family.
Please come to the OPEN HOUSE on July 25th, 2010

between 2:00PM and 4:00PM
Call Rick Tipton, Associate Broker at

McDougald Realty (478) 719-4535 for directions.

174 Lawrence Rd. Baldwin County, GA

2010-07-11T13:50:00.000-04:00

As Will Rogers says above - BUY LAND - there not making anymore of the stuff.

Priced at only $279,000 this 89.92 Acres is located between Milledgeville and Gray, Georgia off Lawarence Road. Over 700 feet of paved road frontage. Access to county water. What a place to build a home or subdivision for those who want an investment in the future.

132 Stone Brooke Dr. Gray, GA

2010-07-11T13:41:00.000-04:00

5 Bedroom, 3 Bath Home

Price Reduced from

$269,900 to $239,000

132 Stone Brooke Dr.

Gray, GA 31032

Commercial Property. For Sale - Gray, GA

2010-07-11T13:33:00.000-04:00

Commercial Property In Gray GA. Includes Buildings and 1.42 Acres of Land.

Main Building Holds Multiple Tenants. Price Reduced $399,000 (was $420,000).

Call Rick Tipton
Associate Broker
Cell: (478) 719- 4535
McDouald Realty, LLC
7997 Rivoli Rd.
Bolingbroke, GA 31004
Office: 478-718-0281

89.92 Acres For Sale

2010-07-11T10:16:00.000-04:00

Priced at only $279,000 this property is located between Milledgeville and Gray, Georgia off Lawarence Road. Over 700 feet of paved road frontage. Access to county water. What a place to build a home or subdivision for those who want an investment in the future.

Real Estate Today

Home Ownership - No Longer Just a Dream

In the Eyes of the Beholder

Rental properties provide 2nd income.

Now is the Best Time to Use Your VA Loan

2012 Housing Predictions: Is the Worst Over?

Land For Sale

Call your Representative NOW - Say NO

The Sad Truth

Becky Kelley - Where's the Line to See Jesus - OFFICIAL MUSIC VIDEO

Here for the Long Haul

Landlord Retirement Plan – The latest strategy

I Am an Authorized Agent For HUD Home Sales

Obama Care has hidden tax for Home Purchases

Have a Great Labor Day Weekend

Fannie Mae Pushed Foreclosures rather than Loan Modification

Exciting News

Signatures on Sales Contracts

FOR SALE 435 Ashville Dr. Macon, GA 31210

Consider Buying a HUD Owned Property

Cross Your Fingers and Hope For the Best

Tell Congress: Ensure Your Clients Have Access to Affordable Mortgages

SunTrust Online billpay technical problem

Bank Owned Properties

Get Your House Sold

10 Steps to Buying Foreclosed Properties.

Fight Forclosures in Your Community

Fight Foreclosures in Your Community

Don't Buy That New Furniture Until After Closing

FHA 203K Streamline loan Update

It May Be Cheaper To Buy Than Rent!

Give Your Heart Ball

Real Estate Today

Ballroom Dance Lessons

TIRED OF RENTING

The Market Today

The Danger of Overpricing

Buyer says TGIF

When you want to buy or sell a home where do you start.

Wow - What a Roller Coaster Ride

Georgia's Antebellum Trail

435 Ashville Dr. Macon, GA

356 Amanda Dr. Gray, GA Price Reduced

174 Lawrence Rd. Baldwin County, GA

132 Stone Brooke Dr. Gray, GA

Commercial Property. For Sale - Gray, GA

89.92 Acres For Sale