Real Estate Information

The Sell Team Blog

Keith Grogan

Blog

Displaying blog entries 1-10 of 99

The Importance of Using a Professional to Sell Your Home

by Keith Grogan

When a homeowner decides to sell their house, they obviously want the best possible price for it with the least amount of hassles along the way. However, for the vast majority of sellers, the most important result is actually getting their homes sold.

In order to accomplish all three goals, a seller should realize the importance of using a real estate professional. We realize that technology has changed the purchaser’s behavior during the home buying process. According to the National Association of Realtors’ 2016 Profile of Home Buyers & Sellers, the percentage of buyers who used the internet in their home search increased to 94%.

However, the report also revealed that 96% of buyers who used the internet when searching for homes purchased their homes through either a real estate agent/broker or from a builder or builder’s agent. Only 2% purchased their homes directly from a seller whom the buyer didn’t know.

Buyers search for a home online but then depend on an agent to find the home they will buy (50%), to negotiate the terms of the sale (47%) & price (36%), or to help understand the process (61%).

The plethora of information now available has resulted in an increase in the percentage of buyers that reach out to real estate professionals to “connect the dots.” This is obvious, as the percentage of overall buyers who have used agents to buy their homes has steadily increased from 69% in 2001.

Bottom Line

If you are thinking of selling your home, don’t underestimate the role a real estate professional can play in the process.

NEW LISTING

by Keith Grogan

 

 

PROPERTY DETAILS
$562,500
LISTING INFORMATION
MLS: 5824520
Bedrooms: 4
Full Baths: 3
Partial Baths: 1
Sq ft: 3599
Lot Size: 0
Taxes: $0.00
PROPERTY DESCRIPTION

A SPARKLING JEWEL IN AN AWESOME LOCATION IN EAST COBB'S BEST SCHOOL DISTRICT! IMPROVEMENTS INCLUDE COMPLETELY UPDATED KITCHEN, NEW STAINLESS APPLIANCES, CENTER ISLAND, HARDWOOD FLOORS THROUGHOUT MAIN LEVEL, NEW HARDIPLANK SIDING ON REAR OF HOUSE RUSH YOUR CLIENTS TO SEE THIS DREAM. HOA FEE INCLUDES EVERYTHING INCLUDING FRONT AND REAR LAWN MAINTENANCE, TRASH PICK-UP, WATER. WONDERFUL PLAN WITH OWNER'S SUITE ON MAIN LEVEL. 2ND FLOOR FEATURES 3 BEDROOMS PLUS LOFT, TOO! OVERLOOKS SMALL LAKE/POND WITH FOUNTAIN. LARGE YARD WITH ROOM FOR GARDEN-SWING SET-MORE!

CONTACT INFORMATION
Marsha Sell
Berkshire Hathaway HomeServices Georgia Properties
3535 Roswell Road, Suite 38
Marietta 30062

Phone: Direct: (404) 830-2000
Fax: Fax: (404) 830-2000
http://www.sellteam.com/
ADDITIONAL IMAGES

Two signs that Atlanta’s housing market is in for a correction...

by James McClister

Two signs that Atlanta’s housing market is in for a correction

by JAMES MCCLISTER

atlanta-home-prices-georgia-association-realtor-NAR-indicators-market-correction

The most consequential question facing the housing industry today is: Are we approaching a correction?

National Association of Realtors Chief Economist Lawrence Yun said in January that 2016 was the market’s best year since the Great Recession. He thanked job creation and low mortgage rates.

And he’s right – in a certain context. Both home sales and prices were up nationally last year.

But that doesn’t necessarily mean the nation’s market, or Atlanta’s, isn’t nearing a correction.

The indicators

In early 2010, strategic consulting firm The Hammersmith Group published a report, reflecting on the 2008 crash entitled “Rethinking real estate: Contrarian strategies for profiting from down markets.” In it, the group identified a number of markers that indicate a market is hitting its peak. Two that we can clearly see today are exorbitant prices and runaway association membership.

Price increases

The consulting firm’s report reads: “The boom years of any real estate cycle are defined by a suspension of disbelief: a conviction that high prices actually reflected the underlying value, that the fundamentals really had shifted, and a conviction that prices and assumptions are typically tied to the recent past.”

From the first quarter of 2001 to Atlanta’s pre-crisis price peak, the median home price jumped 8 percent, according to The Economist (and as our below table illustrates). After the crash, home prices in the city took a dive. The market hit its bottom in the fourth quarter of 2012. However, since then, prices have increased 37 percent – more than double the national rate.

  Atlanta Nation
2000 Q1 $190,200 $170,000
Pre-crisis Peak $205,100 $230,900
Pct. Change 8% 35%
Post-crisis Bottom $124,100 $161,300
2016 Q2 $165,900 $186,000
Pct. Change 37% 15%

But what’s more telling is Atlanta’s home price index (HPI) score, which is a more comprehensive measure of affordability, in which a score of 100 is normal. At its pre-crisis peak, Atlanta’s HPI was 161.6. Currently, it’s 153.5.

Association membership

“When everyone with a pulse is becoming a real estate agent because it seems like easy money, it’s a fairly accurate sign that a correction won’t be too far off,” said Ary Freilick, managing partner of Blumberg & Freilich Equities.

When the housing market was riding the crest of the early 2000’s bubble, real estate association memberships became the new fad.

In 1996, there were less than 20,000 Realtors in Georgia. By the market’s peak in 2006, the state had just over 40,000. From just 2000 to 2006, the Georgia Association of Realtors’ membership increased 86 percent, compared to the 16 percent increase from 1990 to 1999. When the market crashed, suddenly being a real estate agent meant more work and less pay, and GAR started to shed members. By 2012, membership was down to 23,426.

But now, membership is once again swelling. It’s risen 27 percent in the last five years.

Year GAR Membership NAR Membership
2012 23,426 999,824
2013 24,263 1,042,231
2014 25,890 1,099,102
2015 28,592 1,167,595
2016 29,799 1,233,704
Pct. Change 27% 23%

Indications are still only indications

These indicators are by no means definitive predictors of a forthcoming correction, but are considerations every real estate agent should keep in mind. As The Hammersmith Group stresses in its report: “It is critical to remember that present conditions will not persist, indefinitely, and that these valuations will not be sustainable over the long term.”

2948 SUMMITOP DRIVE-$3,600,000

by Keith Grogan

580 ATLANTA COUNTRY CLUB DRIVE

by Keith Grogan

 

 

PROPERTY DETAILS
$1,029,000
LISTING INFORMATION
MLS: 5678371
Bedrooms: 4
Full Baths: 4
Partial Baths: 0
Sq ft: 3696
Lot Size: 0.5498
Taxes: $0.00
PROPERTY DESCRIPTION

RUSH YOUR CLIENTS TO THIS IMPECCABLE HOME THAT HAS BEEN REMODELED AND UPDATED EXTENSIVELY. ELEGANT 10 FT CEILINGS ON MAIN LEVEL, NEW KITCHEN WITH WOLF RANGE, UPGRADED APPLIANCES, LIBRARY, PLUS ADDITIONAL SMALL BONUS ROOM ADJACENT TO KITCHEN. BONUS ROOM OR BEDROOM SUITE WITH FULL BATH ON 2ND LEVEL - OWNER RECONFIGURED, ADDED WALL OF WINDOWS - ALSO A HUGE WALK IN ATTIC PROVIDES EXCELLENT STORAGE. WONDERFUL PRIVATE POOL AND PATIO AREA. SHOWS LIKE A MODEL HOME IN AND OUT!

CONTACT INFORMATION
Marsha Sell
Berkshire Hathaway HomeServices Georgia Properties
3535 Roswell Road, Suite 38
Marietta 30062

Phone: Direct: (404) 830-2000
Fax: Fax: (404) 830-2000
http://www.sellteam.com/
ADDITIONAL IMAGES
 

711 ST. LYONN COURTS

by Keith Grogan

 

 

PROPERTY DETAILS
$1,250,000
LISTING INFORMATION
MLS: 5677015
Bedrooms: 6
Full Baths: 8
Partial Baths: 2
Sq ft: 5748
Lot Size: 0
Taxes: $0.00
PROPERTY DESCRIPTION

SPECTACULAR HARDCOAT STUCCO IN WALTON HIGH WITH EXTENSIVE UPDATES AND STAGING, SHOWS LIKE A MODEL! THE LARGEST BACK YARD IN ST LYONN, TOO! NEW MASTER BATH, EXTENSIVE UPDATING IN THE EXCEPTIONALLY SPACIOUS KITCHEN WITH HUGE CENTER ISLAND, LIGHT CABINETRY, ALL NEW STAINLESS APPLIANCES AND NEW TILE BACKSPLASH. VERY LIGHT AND BRIGHT, DRAMATIC FOYER/ENTRY, LIBRARY, OWNER'S SUITE ON MAIN, OPEN KITCHEN & FAMILY ROOM. THE TERRACE LEVEL OFFERS ALL THAT YOU COULD WANT WITH 4 RECREATION/ENTERTAINING AREAS! GUEST SUITE IS THE SAME SIZE AS THE MAIN LEVEL SUITE!

CONTACT INFORMATION
Marsha Sell
Berkshire Hathaway HomeServices Georgia Properties
3535 Roswell Road, Suite 38
Marietta 30062

Phone: Direct: (404) 830-2000
Fax: Fax: (404) 830-2000
http://www.sellteam.com/
ADDITIONAL IMAGES
 

711 BURNING TREE DR.

by Keith Grogan

 

 

PROPERTY DETAILS
$1,385,000
LISTING INFORMATION
MLS: 5676529
Bedrooms: 5
Full Baths: 8
Partial Baths: 2
Sq ft: 6107
Lot Size: 1.0304
Taxes: $0.00
PROPERTY DESCRIPTION

PERFECT HOME IN AND OUT IN ATLANTA COUNTRY CLUB ESTATES, FABULOUS RENOVATION IN 2007, AND EXTENSIVE UPDATES SINCE! EXQUISITE 2 STY FOYER WITH ELEGANT DOUBLE DOORS WITH LEADED GLASS AND MAGNIFICENT WINDOW ABOVE, UPDATED STAIRCASE, BRAZILLIAN CHERRY FLOORING-A DREAM KITCHEN WITH BEAUTIFUL CABINETRY OPENS TO FAMILY ROOM AND SUNROOM WITH DEEP TREY CEILING. MSTR SUITES & BATHS UP & DOWN! TERRACE LEVEL W/2ND KITCHEN, 2 GAME ROOMS, GYM, BEDROOM & FULL BATH! MASTER RETREAT UPSTAIRS WITH SITTING RM, AND LAVISH MSTR BATH & CLOSET WITH DRESSING VANITY & CUSTOM BUILT-INS.

CONTACT INFORMATION
Marsha Sell
Berkshire Hathaway HomeServices Georgia Properties
3535 Roswell Road, Suite 38
Marietta 30062

Phone: Direct: (404) 830-2000
Fax: Fax: (404) 830-2000
http://www.sellteam.com/
ADDITIONAL IMAGES

NEW LISTING- 1540 HEATH LANE

by Keith Grogan

 

 

PROPERTY DETAILS
$428,900
LISTING INFORMATION
MLS: 5687130
Bedrooms: 4
Full Baths: 3
Partial Baths: 1
Sq ft: 2596
Lot Size: 0.1915
Taxes: $0.00
PROPERTY DESCRIPTION

WONDERFUL SWIM/TENNIS COMMUNITY AND LOTS OF HOUSE FOR THE MONEY IN EAST COBB'S TOP RANKED WALTON HIGH SCHOOL DISTRICT! 4BR PLUS GIANT BONUS ROOM WITH REAR STAIRS. FRESH NEUTRAL INTERIOR PAINT. SCREENED PORCH AND EXPANSIVE DECK OVERLOOKS PRIVATE LOT. A GREAT PRICE. FULL UNFINISHED BASEMENT WITH FIREPLACE.

CONTACT INFORMATION
Marsha Sell
Berkshire Hathaway HomeServices Georgia Properties
3535 Roswell Road, Suite 38
Marietta 30062

Phone: Direct: (404) 830-2000
Fax: Fax: (404) 830-2000
http://www.sellteam.com/
ADDITIONAL IMAGES

1230 Northcliff Trce Roswell, GA 30076

by Keith Grogan

 

 

PROPERTY DETAILS
$494,900
LISTING INFORMATION
MLS: 5659371
Bedrooms: 4
Full Baths: 5
Partial Baths: 2
Sq ft: 3734
Lot Size: 0.635
Taxes: $0.00
PROPERTY DESCRIPTION

WONDERFUL HOUSE ON PRIVATE WOODED LOT. ELEGANT TWO STORY FOYER - FAMILY ROOM WITH VAULTED CEILING - 1ST FLOOR BEDROOM - UPDATED MASTER BATH - HUGE MASTER SUITE WITH SITTING ROOM WITH FIREPLACE. SMALL BONUS ROOM ON 2ND FLOOR - PERFECT FOR COMPUTER ROOM OR UPSTAIRS OFFICE. OVERSIZED DECK OVERLOOKS THE WONDERFUL LOT. WALK TO THE RIVER - FISH, JOG AND MORE! AWESOME ROSWELL CONVENIENT LOCATION!

CONTACT INFORMATION
Marsha Sell
Berkshire Hathaway HomeServices Georgia Properties
3535 Roswell Road, Suite 38
Marietta 30062

Phone: Direct: (404) 830-2000
Fax: Fax: (404) 830-2000
http://www.sellteam.com/
ADDITIONAL IMAGES

598 Straton Chase SE, Marietta, Georgia 30067

by Keith Grogan

 

 

PROPERTY DETAILS
$615,000
LISTING INFORMATION
MLS: 5662949
Bedrooms: 4
Full Baths: 4
Partial Baths: 1
Sq ft: 4356
Lot Size: 0.3933
Taxes: $0.00
PROPERTY DESCRIPTION

A RARE MASTER ON MAIN IN BELMONT! PERFECT MOVE-IN CONDITION, FRESH PAINT, MANY NEW LIGHT FIXTURES, NEW STAINLESS DOUBLE OVENS, DISHWASHER, NEW BACKSPLASH. HARDWOOD FLOORS JUST RESTAINED AND REFINISHED - UPDATED MASTER BATH, VERY LARGE MASTER SUITE WITH HIS & HERS CLOSETS. FRESHLY PAINTED IN MOST ROOMS. SUNROOM OPENS OFF KITCHEN AND OVERLOOKS LEVEL YARD. RUSH YOUR CLIENT TO SEE THIS SPARKLING OPEN FLOOR PLAN! LARGE LOFT AREA ON 2ND FLOOR ADJACENT TO THE 3 SPACIIOUS BEDROOMS. WONDERFUL FORMAL LIBRARY WITH BOOKSHELVES.

CONTACT INFORMATION
Marsha Sell
Berkshire Hathaway HomeServices Georgia Properties
3535 Roswell Road, Suite 38
Marietta 30062

Phone: Direct: (404) 830-2000
Fax: Fax: (404) 830-2000
http://www.sellteam.com/
ADDITIONAL IMAGES

Displaying blog entries 1-10 of 99

Contact Information

Photo of Marsha Sell Real Estate
Marsha Sell
Berkshire Hathaway HomeServices Georgia Properties
3535 Roswell Road, Suite 38
Marietta GA 30062
Direct: (404) 830-2000
Fax: Fax: (404) 830-2000

© 2016 BHH Affiliates, LLC. An independently operated subsidiary of HomeServices of America, Inc., a Berkshire Hathaway affiliate, and a franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc. ® Equal Housing Opportunity