Posts

How Residential Real Estate is Assessed

Image
You're under contract with a home buyer using a mortgage loan to sell your Gwinnett County, GA Home for Sale , or you're very far along in the process of refinancing your loan with non-refundable funds already paid for an appraisal.  But the appraiser's assessment of the property came in lower than the agreed-upon sales price or expected refinance amount.  Now the purchase and sale contract is at risk of termination if you cannot reduce the price, the buyer is unwilling or unable to contribute funds to cover the shortfall, or refinancing no longer makes sense.  Both scenarios occur regularly and needlessly, and learning some of what's involved in appraising a home will go a long way toward avoiding them.    Characteristics that Influence the Value of Real Estate Several economic principles affect owner-occupied residential real estate values.  Here are a few Characteristics that typically influence the value of real estate.  Characteristics of Proper...

6 Affordable Ways to Refresh a Bathroom

Image
  You still love your home, but the primary bathroom has become a place where great morning ideas go to die.  A major bathroom remodel is not in the immediate plans, so there you sit, uninspired in the water closet of a dull en suite bathroom that once was so stimulating that a notepad and pen were always available in a nearby drawer.   Six Affordable Ways to Refresh a Bathroom  Here are six affordable, simple tips for refreshing a bathroom that can significantly improve its appearance and the mindset of those who use it most. Refresh Your Bathroom Tiles and Walls: Give your old tiles back their shine.  Dingy tiles may only need cleaning and descaling to restore their original luster. Mix one part distilled white vinegar with one part warm water, adding a few drops of dish soap, in a spray bottle. Spray the tiles, wipe them down, and rinse. For stubborn mildew or stained grout, use a paste of baking soda and hydrogen peroxide.  When feeling creative, c...

A Gwinnett County Property Product

Image
How do Gwinnett County Owners position their properties as the product of choice for home buyers, and keep transactions on track for smooth, timely settlements? Encourage Buyers to Follow Through with their Purchase Gwinnett County Properties typically sell well year-round, largely due to the wonderful amenities, education systems, services, and more that combine to create a comfortable and vibrant quality of life.  It is not uncommon, however, for buyers to discover unforeseen issues prior to closing, which may prompt them to terminate purchase and sale agreements.   The property then loses valuable days on the market, misses out on the continued excitement around a new listing, and may soon require costly price reductions to re-establish interest.  Keep watching this video to learn how Gwinnett County Homeowners looking to sell can position their property as the ideal product for the right buyer, properly disclose important information, and keep the transaction on...

Get a Probate Advance on an Inheritance

Image
There's good news for those who may be waiting on a bequest or an inheritance from an estate.  A company has recently emerged that advances a portion of one's expected inheritance money to beneficiaries throughout the United States who are waiting for an estate to close in probate court or other proceedings.  This law firm appears to make it fairly easy to access badly needed funds with limited risk, so that heirs nationwide can maintain estate assets during a terribly difficult season.  The costs may be rather high, but possibly worth it when no other options are available.  Please write me with your contact information, and someone from the firm will be in touch.  Waiting on an Inheritance.  Get a Probate Advance Now Probate is the formal legal process that gives recognition to a will and appoints the personal representative, executor, or executrix who will administer the estate and distribute assets to the intended beneficiaries pursuant to the order of ...

Gwinnett County Property Valuations

Image
Manage the assessed value of your Gwinnett County Home to make ownership more affordable and to keep the property competitive when the time comes to sell. As we know, the start of Spring means that tax season is upon us, a time when many are thinking about income taxes.  But it’s also a time when Gwinnett County Homeowners with mortgages can influence their future monthly payments, specifically the tax portion, and all homeowners, including those without mortgages, can ensure their property is competitive when the time comes to sell. Occasionally, buyers I work with faced an interesting situation: two identical properties in the same area priced equally, but with different estimated mortgage payments.  Why was that?  While the estimated principal and interest payments on the mortgage to buy the properties were usually the same, the property with lower taxes often had the advantage and sold sooner than the other, possibly because one owner regularly validated the county’s ...

7 Common Options to Avoid Foreclosure

Image
There are a few common loss mitigation options available to distressed owners of Gwinnett County Property that may protect their equity and save their homes from foreclosure. Foreclosures have been on the rise in the U.S. lately, and while Metro Atlanta is not currently among the cities most affected, that could soon change. We all like to be prepared for hardships, including those that put home ownership at risk, but how does one plan for a sudden job loss, illness, or other catastrophic event?  Unfortunately, some of our former neighbors lost their homes to foreclosure, presumably because they didn’t know their options during a disastrous financial hardship. They may also have left behind thousands of dollars in badly needed equity, which could likely have easily been converted into cash through a sale. How Loss Mitigation Options May Help Gwinnett County Property Owners Avoid Foreclosure This article provides an overview of seven common loss mitigation options available to homeo...

Save on Gwinnett County Property Taxes

Image
Did you buy a new home last year?  Act now to keep your Gwinnett County, Georgia home mortgage payments affordable. New homeowners can limit the future property taxes they may owe on their primary residence in Gwinnett County.  As you may know, your total monthly mortgage payment includes the principal, interest, taxes, and insurance, and changes in property taxes can suddenly make those payments unaffordable.  But new residential owner-occupants can limit increases in the county’s portion of their property tax bill when the value increases by applying for one or more of the homestead exemptions available to them.   Examples of Homestead Exemptions The regular exemption Several senior and surviving spouse exemptions A disability exemption And exemptions for public service employees. Here’s a link to more information on the Gwinnett County Tax Assessor’s Website . If managing fluctuations in your mortgage payment is of interest to you, please consider acting now ...