Investment Real Estate

A moment for Boston

All of us at Your Guy for That and Intown Focus Realty wish to extend our deepest heartfelt sympathy to the families, friends, and loved ones of the recent Boston Marathon tragedy.

There is no words, no gesture, and no thing can take the biting sting from loss; and only the honestly offered hand in wanting to help can be shown to help ease this painful path.

We ask all who wish to help in some small way, look to donate through your local Red Cross Disaster Teams, as they struggle to assist those in Boston. The link below will take you to their national donation website.

https://www.redcross.org/donate/index.jsp?donateStep=2&itemId=prod10002

Please take a moment of silence for those whose lives were lost, or changed during this horrific time.

The Boston Marathon tradition… Continue Reading A moment for Boston

Should you buy a fixer-upper?

 A battle-tested renovator offers some hard-won advice on choosing a suitable
house and knowing whether you’re really up to the task.

Fixer-upper (noun). A home you purchase at a reasonable price, but one that requires an unreasonable amount of money in repairs and renovations.

OK, so I made up that definition, and it’s not always true. Buying fixer-uppers can get you more house than you would normally be able to afford at a reasonable price. They can be pleasantly inexpensive. But they can also be money pits, masquerading behind a façade of charming woodwork and arched doorways.

As tempting as the purchase price can be for houses that need a little TLC, you must assess whether a fixer-upper is right for you. To do that, you need an appraisal. And I’m not just t… Continue Reading Should you buy a fixer-upper?

7 smart ways to tweak your online home search

Buying Advice: If you’re like most buyers, you start your house hunt on the Internet. Here’s how to pare down those options and find the homes that are right for you.

© Rex Features

Scouring real-estate search engines is a little bit like online dating. An overwhelming number of homes are available, but probably only a few are right for you.

To cut down on your time in front of the computer and to boost your knowledge about the market, we’ve gathered some tips for searching for homes online, as well as some advice on vetting the neighborhoods you have your eye on.

In this edition of Buying Advice, we’ll also check in with the latest housing stats and find out where the biggest foreclosure bargains can be found. (Hint: Think East Coast.)

Use the searc… Continue Reading 7 smart ways to tweak your online home search

Housing Recovery Revs Up As Home Resales Rise

 

NBC News staff and wire reports

U.S. home resales unexpectedly rose in October, a sign that slow improvements in  the country’s labor market are helping the housing sector recovery gain  traction.

That, in turn, is feeding hopes among construction companies, whose sentiment rose for a seventh straight month in November to its highest level in six years.

The National Association of Realtors said on Monday that  existing home sales climbed 2.1 percent last month to a seasonally adjusted  annual rate of 4.79 million units.

That was above the median forecast of  a 4.75 million-unit rate in a Reuters poll.

NAR economist Lawrence Yun  said superstorm Sandy, which slammed in the U.S. East Coast on Oct. 29, had only  a slight impact on home resales. The only reg… Continue Reading Housing Recovery Revs Up As Home Resales Rise

Fulton County School Board: Reject the proposal to acquire homes for East Point School!

Petition by Jenny Stone, East Point, GeorgiaPetitioning President, Fulton County School Board Friends,
Many of you have been instrumental in communicating to the Fulton County School Board your thoughts on the proposal being made to include our home, and several others, in a land acquisition in order to rebuild an elementary school in East Point. At this juncture, we cannot block the Fulton County land acquisition group from making their proposal. But, we can make strides to encourage the School Board to reject options that would include private land acquisition.  We do not have a firm date on when the proposal will be made to the Board. But, we believe it to be in the new year. As such, we need your help again to ensure that the Board has heard from people that are in objection to ho… Continue Reading Fulton County School Board: Reject the proposal to acquire homes for East Point School!

Important Information About Your Credit Score and Renting…

Experian Now Reporting Rent Payments on Credit Reports

Experian has become the first credit bureau to begin reporting a consumer’s rent payment history on credit reports.  Doing so will help Experian identify risky potential renters, reduce bad checks, and minimize property damage.  In addition, the reporting of this information will help those with limited credit but a favorable rent payment history be able to more easily qualify for a mortgage as it will add another key account on their credit bureau. Experian is having success getting the larger property management companies to report this info and we are starting to see these accounts show up on credit reports.  There really isn’t a system in place at this time to enable smaller landlords to report rent information, but there i… Continue Reading Important Information About Your Credit Score and Renting…

Strong, Independent Appraisal Industry Vital to Market and Loan Origination Process

WASHINGTON  – Developing and reporting property values more accurately is critical to improving market performance, reducing risk and strengthening the housing finance system, according to the National Association of Realtors®.

That was the message delivered today by Frank Gregoire, immediate past chair of NAR’s Real Property Valuation Committee, in testimony before the House Financial Services Subcommittee on Insurance, Housing and Community Involvement regarding appraisal oversight.

“As the leading advocate for housing issues, Realtors® know that an accurate appraisal is an important part of the home buying process and that a strong and independent appraisal industry is critical to restoring faith in the mortgage origination process,” said Gregoire, a state-certified… Continue Reading Strong, Independent Appraisal Industry Vital to Market and Loan Origination Process

Investment and Vacation Home Sales Surge in 2011

WASHINGTON (March 29, 2012) – Sales of investment and vacation homes* jumped in 2011, with the combined market share rising to the highest level since 2005, according to the National Association of Realtors®.
NAR’s 2012 Investment and Vacation Home Buyers Survey, covering existing- and new-home transactions in 2011, shows investment-home sales surged an extraordinary 64.5 percent to 1.23 million last year from 749,000 in 2010. Vacation-home sales rose 7.0 percent to 502,000 in 2011 from 469,000 in 2010. Owner-occupied purchases fell 15.5 percent to 2.78 million.
Vacation-home sales accounted for 11 percent of all transactions last year, up from 10 percent in 2010, while the portion of investment sales jumped to 27 percent in 2011 from 17 percent in 2010.
NAR Chief Economist Lawr… Continue Reading Investment and Vacation Home Sales Surge in 2011

FREE Home Buyer Seminars Return to East Point

There has never been a better time to enter the real estate market, particularly with climbing rental rates. So why throw away money on rent when you can be your own landlord?

Mortgage rates are near historic lows. Great homes haven’t been this affordable since 1997, and the  market is full of highly motivated sellers. Fairfield Mortgage will be on-site to answer financing questions and to offer pre-qualification.

So you’re interested but don’t know where to start? East Point is offering a free seminar for potential first time home buyers and you are invited to join us at any one of the following seminar dates:
2012 Seminar Dates:
March 17th
May 19th
July 21st
September 22nd
All Seminars will be in the Blue Room at Jefferson Park Recreation Center and start promp… Continue Reading FREE Home Buyer Seminars Return to East Point

$100 Give-Away Saturday at Destination East Point

Please join me tomorrow afternoon and evening for a fun packed evening at Destination East Point. This is a great way to meet new people and get to know the city a little better.  There will be plenty of food and entertainment for the whole family including a Neighborhood Chili Cook-off, Dog Show, Kid Zone, Carnival and so much more.
Your Guy for That, Dustin Drabot will have a booth at the event full of useful real estate information.  Stop by and find out what the recent sales were for your East Point neighborhood, or flip through and review all the details surrounding the redevelopment of Fort McPherson. Whatever you’re looking for, Dustin Drabot is Your Guy for That.
Best of all, stop by Dustin’s booth between 2PM and 7PM and register for a $100 Visa Gift Card Give-Away!  I look f… Continue Reading $100 Give-Away Saturday at Destination East Point