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6 Awful Reasons for Not Hiring a Real Estate Agent

6 Awful Reasons for Not Hiring a Real Estate Agent

There are millions of homes bought and sold every year, most of them with the help of a real estate agent.

However, there is still a segment of the population that chooses to go it alone when it comes time to sell or buy a home.

There are different reasons for this, many of which aren’t very good. The only good reason might be if you’re an agent yourself, and even then, it might be better to work with another agent so that you’re not letting your own emotion cloud your judgment. Here are some of the worst reasons for not hiring a real estate agent:

1. To save some money

You might think you’re guaranteed to save yourself money by not hiring a real estate agent, but that’s not true. It’s very likely that it will cost you money during the process because of all of the potential pitfalls that you’re not even aware of. There are multiple points in a real estate transaction where making the right decision, or knowing what to look for will save you thousands of dollars. Real estate agents know this.

2. Because you think you’re a great negotiator

You probably think you’re a great negotiator, and you might be, but you also might not be as good as you think. In fact, there are many billionaires and CEO’s who openly admit that they aren’t good at negotiating, and oftentimes have other people negotiate on their behalf. Again, understanding real estate, and what factors may affect price are things that a real estate agent knows that can help with negotiation, and will get you a much better deal.

3. You read about a bad experience someone had

Of course there are horror stories on social media and forums about people’s experience buying and selling a home. This shouldn’t deter you from hiring an agent to guide you through the process, because you’re much more likely to find yourself in a nightmare scenario if you go it alone. There’s an important thing to remember about the nightmares you see online; people are much more likely to post about their negative experiences than their positive ones. There are lots horror stories about hospitals, restaurants, and hotels too — that doesn’t mean you’ll never leave the house again, right?

4. Because you saw a real estate show on HGTV

We all love real estate shows. It’s a lot of fun to sit back and watch a shockingly good-looking couple flip a home and make a $50,000 profit in less than 30 minutes. But it’s important not to confuse television with reality. You can’t learn everything you need to know from watching tv, otherwise this country would be full of expert martial artists, race-car drivers, and stand-up comedians. Hire someone with real-world experience to help you along.

5. You think you’re the only one who knows how much your home is “really worth”

You love your home, and it’s likely that you love it and appreciate it more than anyone else does. It’s completely natural to not only develop a sentimental attachment to where you’ve spent years of your life, but to also appreciate all of the repairs, upgrades, and other special details that you know and love. But just because you believe your home should be priced a certain way, doesn’t mean that’s what the market will bear. Having a business-minded, detached approach to pricing and selling your home is critical to a successful real estate transaction.

6. Because… “How hard could it really be?”

Some lessons in life are only learned through experience. Real estate agents have studied, been through it, and know that conducting a real estate transaction can be a potential minefield if you’re not careful. As a buyer or seller, it’s important not to minimize the difficulty and effort that goes into closing on a home. Hire a real estate agent, and let them worry about the difficult aspects, you’ll be glad you did.

4 Hidden Costs Of Not Owning A Home

4 Hidden Costs Of Not Owning A Home

There’s no arguing there’s costs associated with owning a home. But the adverse is also true; there are also definite costs associated with NOT owning a home.

The benefits of buying vs. renting has always been a hotly debated topic, with most people believing that — at least in the short term — renting is more cost effective. But most people don’t consider the hidden costs of not owning a home and sinking all of your money into your rental.

Here are four sneaky ways that not owning a home will cost you:

1. Your pricing is never guaranteed

When you own a home, there are no surprises when it comes to your monthly housing costs. Once you lock in your mortgage, your payment will remain constant throughout the length of your loan (unless you decide to refinance in the future). The stability of having a mortgage gives you the peace of mind of knowing what to expect each month — and not having to worry about unpleasant surprises that completely throw off your budget.

When you don’t own a home, it’s different. You’re at the mercy of your landlord; they can (and often will) change the price of your rent often to keep up with market prices.

So what does that mean for you? Well, it means the price you agreed to rent the house or apartment for is not necessarily the price if will rent for in the near future, which leaves you with two options: agree to a higher price or find a new place to live (which is an expensive endeavor itself).

2. Investing in home improvement is a lost cause

Everyone wants to feel comfortable in the place they call home — whether they own or rent. And that means different things to different people; maybe it’s cosmetic changes (like painting walls or hanging art) or more practical changes (like installing insulated windows to moderate the temperature).

When you own a home, making the improvements necessary to make your home feel comfortable makes sense. Whatever you do to improve your home will only increase the value, making it a sound investment choice.

But when you don’t own your home, making improvements to your home is like throwing money away. If you paint your walls or hang too much art on the walls, you’ll likely have the cost of getting the property repainted deducted from your security deposit when you move out. You can spend the money to install the insulated windows, but they’re not coming with you (and the only person that investment makes sense for is your landlord). Some landlords might not even allow you to make any improvements or changes at all.

Everyone wants to improve the place they live. But if you don’t own a home, making those improvements just isn’t a sound investment.

3. You can’t always get what you want

When you own a home, you get to choose the services and amenities you enjoy. You can choose between satellite and cable television. You can choose which service providers you want to work with. You can install solar panels if you want to save money on energy costs.

When you don’t own a home? Not so much.

When you rent a home, you’re locking into the services and amenities that are tied to that property. Your landlord gives you a list of approved vendors you have no choice but to work with – and often times, those vendors aren’t the most cost-efficient.

If you live in an apartment community, you’ll also have to pay for the amenities of that apartment community, like a pool, gym, or resident’s lounge – even if you don’t want them or don’t use them.

And all of those costs can quickly add up.

When you own a home, you make the choices on what you want to pay for, which can save you a lot of cash.

4. You’re not building any wealth

Perhaps the biggest cost of not owning a home is the fact that you’re not building any wealth.

When you rent a home, you’re giving your money to someone else; you’re paying for the right to live there for a predetermined period of time. When that predetermined period of time is over, you walk away with nothing; all of that money is gone.

When you own your home, every time you make a mortgage payment, you’re paying down your loan and building equity in your home. This is one of the fastest and most efficient ways to build wealth — and is a significantly better investment than throwing your money away on rent every month.

You already know that buying a home is a better investment. But when you factor in all the hidden costs of not owning a home, it might be the less expensive one as well.

Kid Rock, Multi-millionaire Entertainer, Lives in a Double-Wide

Kid Rock, Multi-millionaire Entertainer, Lives in a Double-Wide When you think of your average rock star, you probably picture him living in a multi-million dollar mansion, surrounded by luxury items galore. But rather than be bothered with flashy art work, a one-of-a-kind wine cellar, or a pricy infinity pool, Michigan native Kid Rock prefers to keep it real. Real simple, that is.

The multi-platinum artist, who’s sold more than 26 million albums across the globe, hangs his cowboy hat inside a doublewide trailer he placed on the 102 acres he owns outside of Nashville, Tennessee.

During The Big Interview with Dan Rather, the artist, whose music spans hip-hop, country, rap, and rock-n-roll, invited the longtime journalist inside his “troublewide.” There, he offered a glimpse into the “simple” life and explained why he enjoys his unconventional residence so darn much.

“I live in a doublewide trailer,” he told Rather. “It’s not like I require a lot. You know, I’ve learned to downsize through the years and it’s really made me more happy.”

So, just what is it about this trailer-living that’s got the “Born Free” singer so enthralled?

“It comes in two weeks,” he told Rather. “I’m a very impatient person. It comes delivered to the door in two weeks. You can customize a few things in there as you go along. You can put a cool wrap on it. I wrapped mine in mossy oak. Very easy to clean. Simplicity at its finest.”

Those wishing to catch a glimpse of the trailer Kid Rock calls home need look no further than the musician’s latest video “Po-Dunk,” released on July 13, in which his residence makes a prominent appearance. (https://youtu.be/4KnAzpi4avo)

“It’s a great conversation piece,” said the rocker, whose real name is Robert James Ritchie.

Sure, he’s got plenty of land, but with all his money, wouldn’t Kid want to spread out a bit when he’s indoors? Apparently not. While visiting friends in his industry, the musician has certainly seen some impressive homes, but rather than make him reconsider his decision to life humbly, it only reinforces it.

“You go to these houses and I go, ‘Where do you start in this thing?’ Like, ‘How many times do you use the movie theater?’ I’ve built one. I maybe went in there once. Usually, because I was too drunk and couldn’t find the bedroom. It’s just like a freakin’ maintenance nightmare,” the “Bawitdaba” singer told Rather.

The Grammy nominee may also be a bit sour on splashy homes these days after recently selling the Malibu estate he purchased in 2006 for a $2.1 million loss, according to The New York Post.

(Unless he dips it in gold, he’ll never take a hit like that on a doublewide!)

But the ability to replace his home should anything happen to it probably ranks highest among the attributes he likes best about it.

“If that trailer burns down or blows off the mountain, order another one,” he said. “It’ll be here in two weeks.”

And there you have it. Real estate wisdom from an unexpected source. If Rock ever gets bored with music, he’s got a great career ahead of him as a doublewide salesman.

Buy in Fall

Why Fall Might Be The Best Time To Buy A Home

A lot of people think the best time to buy a house is during the Spring market.

               And, it is…

…in the sense that more houses are listed for sale in the Spring. But, there’s also a heck of a lot more buyers trying to buy those listings.

The thing is, some of the houses listed back in the Spring don’t end up selling. (Usually just because they were overpriced.)

Now, it isn’t like new listings don’t happen in the Fall. There’s always new listings coming on the market. But it’s not like, just because it’s Fall and not Spring, prices are necessarily going to fall. In other words, new listings aren’t likely to list for a lot lower than you would have seen in the Spring.

However, the homeowners who did list back in the Spring, are much more likely to be anxious (perhaps even desperate) to sell their home. They’ve created their own problem…they missed the boat by pricing too high.

Which is great news for you, if you’re looking to buy a home:

  • Less competition. (Many buyers stop looking at this time of year…for no good reason.)
  • Motivated sellers. (They’re sick of being on the market, and wondering why nobody bought their house.)

But it isn’t always easy to find those listings. They don’t wave a white flag, or lower their price to some ridiculous amount everyone would notice. If only it were that easy…
Just because someone listed their home back in the Spring doesn’t mean they’ll be all that negotiable.

There are certain things a great real estate agent will know to look for.

And I love rolling up my sleeves and finding the ones we can most likely negotiate the best deals on.

So, got anything you want me to roll up my sleeves and look for? Real estate deals won’t just fall in your lap, but I can certainly help you find one this Fall.

Bonus
Want another reason to buy a home in the Fall?

You can take advantage of year-end sales to outfit your home!

Hardly anybody buys a home who doesn’t want (or need) to make improvements, however small. So why not coordinate your purchase with sales on items you’ll need? According to Consumer Reports, September is an ideal time for buying carpet and paint. In October lawn mowers go on sale, and the same goes for appliances and cookware in November.

Your First Home: What Should You Look For?

Fixer Upper vs. Move-In Ready: Which One Is Right For You?Fixer Upper vs. Move-In Ready: Which One Is Right For You?

When it comes to buying real estate, you want to make sure the property you purchase is the right fit for your needs.

For some buyers, purchasing a home that needs some work is the ideal situation. For others, getting a turnkey home that’s move-in ready is the only option they’ll consider. And for still others, both seem like reasonable options.

The question is: which is for you? There are pros and cons to both fixer uppers and move-in ready homes. The important thing is to recognize which is the best fit for you, your budget, and what you want out of a home.

Let’s take a look at the pros and cons of fixer uppers and move-in ready homes to help you determine which is the better fit for you:

Fixer uppers

Fixer uppers are, as the name implies, homes that need a bit of TLC – or fixing up – upon move in.

Pros

Discounted price

The major draw of fixer uppers is the price. Since they need work, you can typically get a fixer upper at a fraction of the cost of a move-in ready home of a similar size or in a similar location. So if you’re on the hunt for a bargain or you have a tight budget, a fixer upper is definitely going to be the least expensive home-buying option.

You can make the house your own

Since a fixer upper will need work and renovations, it does offer the opportunity to put your own stamp on the design and layout and really make the house your own. With a move-in ready home, the work has already been done and the home already designed. With a fixer upper, you get the opportunity to build your home from the ground up with everything from flooring and cabinetry to landscaping and windows.

It’s a project

For people who are interested in home renovation, there’s nothing better than a fixer upper. Taking on the challenge of completely transforming a home is a really exciting prospect for a lot of people, and if you’re in that camp, a fixer upper is a great opportunity to take on a worthwhile project.

Cons

It can get expensive

Even though the purchase price of a fixer upper is typically low, if there is a significant amount of problems with the property or changes that need to be made, it can definitely get expensive. Things like repairing electric, adding a new roof, tearing up and installing new flooring, and redoing a kitchen can get pricey, and if you’re not careful, you can find yourself way over budget, swimming in contractor bills with no end to your renovations in sight.

It takes time

Even if you’re a person who loves renovating homes, there’s no escaping the fact that it takes time. If you need to move into your home quickly, a fixer upper isn’t going to be the right fit.

Move-in ready

Move-in ready homes are recently built, updated, or remodeled homes that need next to nothing in terms of renovations or improvements. You can comfortably move in without making a single change.

Pros

It’s convenient

In terms of convenience, you can’t beat a move-in ready home. Moving can be a stressful process, and for many new homeowners, the last thing they want to do upon moving into their new home is start managing a bunch of renovations. With a move-in ready home, once you move in, you’re done. While you may want to make some cosmetic changes down the road (like painting the walls or changing the flooring), there’s nothing that needs to get done after you move.

Better energy efficiency

Newer, move-in ready homes tend to be more energy efficient, which is not only better for the environment, but also better for your utility costs. Energy efficient homes require less energy to heat the home during the winter and cool the home during the summer, which can end up saving you a significant amount of money in the long run.

Cons

Home prices are higher

When you buy a move-in ready home, you’re paying for the convenience. Move-in ready homes will always be significantly more expensive than fixer uppers in the same neighborhood and of the same size. If you have a tight budget, you might have to make some sacrifices to purchases a move-in ready home, like buying a smaller house or buying in a less popular neighborhood.

The “cookie cutter” effect

When you buy a move-in ready home, everything has already been done for you. Which is certainly convenient, but it can lack originality, charm, and the architectural and decor details you might want in a home. Newer homes sometimes feel more generic and “cookie cutter” than their older counterparts, so if charm and individuality are important for you, a move-in ready home might not feel like the best fit.

Fixer uppers and move-in ready homes both have unique benefits and challenges. Ultimately, you have to go with the choice that best aligns with your budget, your needs, and your long-term goals for your home.

 

Son Surprises Father With New House, And The Internet Can’t Stop Crying

Son Surprises Father With New House, And The Internet Can’t Stop Crying

Parents — gotta love ’em! They sacrifice so much.

They birth us, feed us, wipe our runny noses and, of course the other things that run. They nurture us through this crazy experience we call life, filling us with enough wisdom to eventually create a nest of our own. And by the time we’re able to fully appreciate all they went through, most of us can only dream of reciprocating their love by purchasing them a new nest of their own.

Here, we get to witness a son granting his father the surprise of a lifetime. While making it seem like he was buying his own house, the son finally reveals to his father that he bought it for him instead.

Where’s my Kleenex? Someone’s chopping onions around here.

There’s An Inground Pool Hidden In This Backyard, And It’s Right In Front Of You

There’s An Inground Pool Hidden In This Backyard

Hidden pools are becoming a popular and entertaining trend in the swimming pool industry.

We’ve seen a pool that turns into a stone patio, and another that turns into a much larger wooden patio. As cool as those are, here’s one that may trump them both!

Gil Klar decided that he wanted all bases covered in a hidden swimming pool. He wanted it to be safer than just putting up fencing around a pool, keep out all debris, and hide seamlessly with his lawn. He not only accomplished all of his goals, but he built it himself for around $10,000. According to him, this is one quarter of what a contractor would have charged. Now this is a Summer DIY for the record books!

House Hunting and Renovation TV Shows – Fun Facts and Dirty Little Secrets

House Hunting and Renovation TV Shows – Fun Facts and Dirty Little Secrets

Television channels like HGTV and DIY have truly changed residential real estate for the better.

Thanks to these channels, buyers and sellers today are more educated about their homes’ structures, décor, and remodeling costs. Everybody’s expectations are higher and most buyers and sellers’ creativity is too. Have you wondered about how these shows are made? What is real and what is not? Here are some fun facts.

First, for the remodeling or fix and flip shows, the remodeling budget is truly the homeowners’ remodeling budget. If the homeowners have wanted more than their budget will allow, the producers usually bring the buyers back to reality long before the remodel is started. If there is some unforeseen cost, other changes are omitted or downscaled.

The inspections are real inspections, too. When you see a show host presiding over a sewer inspection (yuk!), they are really checking it out.

The programs need true action in addition to just on-camera interviews. (Ever notice how each of these shows has at least one homeowner hitting a wall with a sledge hammer?) When you see a show host or a new owner actually doing work, they are not faking it – they are really doing the work that you are seeing. Those are real nails in those nail guns. All of the show hosts and all of the buyers get involved in at least some portion of the decorating or remodel.

Now for the dirty little secrets. Here is the big one for the house hunter shows. Although it is really fun to try and guess which house a buyer will pick, these programs are shot in reverse. That means the show is filmed after the buyers buy – and close on – their home. The other homes are “decoys” that are filmed after the transaction concludes and were never seen by the buyers during the actual search.

Ever notice how much the buyer or house remodeler couples argue and disagree? A lot of the drama on the shows is fake. Conflict, like action, makes a more interesting television show. The producers will encourage the magnification of buyers’ and sellers’ fears and dilemmas because it is believed – correctly or incorrectly – that it makes for better ratings.

And even though the host and home owners get involved in some of the work, most of the work is done off-camera by professional contractors and (sometimes) large crews. The projects can take much longer than they usually would as well; the contractor’s schedules and stages have to work with the production crew’s schedules and availability.

Nevertheless, these shows are really fun to watch, and offer lots of general education about homes and house hunting.

What's My Home Worth?

 

This simple question is often answered three different ways. Ask your public tax assessor, and you’ll get one number (usually low). Look up your house on Zillow and you’ll get another number (usually a little high). The third answer is market value, and if you’re selling your house, you’ll usually figure out what that number is (for good or ill) in 30 to 90 days.

Many people are confused about assessed value versus market value. Assessed value is a number placed on a property by a public tax assessor for the purposes of taxation. Some percentage of your assessed value is used to determine your annual tax bill. The rules for the assessment vary, but typically the assessed value has more to do with how much money the municipality needs to raise than it does the number you’d arrive at after putting your home on the market.

Assessed values can lag behind true market values in both directions. They can vary widely from home to home in the same neighborhood, especially if a neighbor has appealed an assessment (usually for the purposes of lowering their tax bill). And by the way: assessed values don’t automatically adjust for you when someone else appeals their assessment.

Market value is the price at which a specific house in a particular location in current condition will sell, typically within 30 to 90 days. Your real estate agent will try and predict the market value of your home based on all of these factors. In a hot neighborhood? It can elevate your home’s value. Have significant repairs to do or other condition issues? It can bring that value back down. The number one reason a home doesn’t sell is often related to a disparity between listing price and true market value. (Overbidding occurs when a home is priced below market value.)

Generally, assessed value tends to be below market value. Sometimes a buyer will attempt to negotiate a lower price on a home by citing assessed value, but this only underscores their lack of understanding about assessed value versus market value.

The best way to understand what your home is worth? Contact me today, and I’ll get to work on helping you determine the right price for your house in today’s market. ~ Suzette ~ 678-900-9378

 

Welcome to The Nestwell Group's Website

Welcome to our new and improved real estate website. We invite you to look around and see what is available. As your West Georgia Realtors  we can provide you will all of the information to accomplish your real estate goals.

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Saving your search is an important step if if you would like to be able to quickly refer back to your search at a future date.  More importantly we will be able to quickly notify you directly of any new listings that come available on the market that match your search criteria.  The beautiful thing is that you can make as many of these saved searches as you would like.

First, you must be registered on our website. This is easy. It only requires your first and last name, an email address and a password. Register Here. To save any search, simply perform a search using the Quick Search or Advanced Search, click on the “search” button, and then click “save search”, which is located in the top right hand corner just above the search results. This will prompt you to title your saved search and provide you with the option of being notified by email.  Check the box to be notified by email of new listings that match your search.

To look at or edit your saved searches, you must be logged in. On the homepage, top right hand corner is where you can view your saved searches. Click this link and you will then see all the searches you saved, you can delete them, edit the email notifications and more.

If you would like any assistance, please do not hesitate to Contact Us.

The Nestwell Group | 202 Bradley St., Ste. E5 - Carrollton, GA 30117
 

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Copyright© 2018  All Rights Reserved. All information deemed reliable, but not guaranteed.  Suzette Abramson | Anna Romano are independent contractors affiliated with Ashworth Realty.
Privacy Policy: The Nestwell Group Real Estate Team are committed to protecting your privacy. We use the information we collect about you to process requests and to provide you with additional information. We do not share, sell or rent any information given to us with anyone. All information provided will be kept confidential. We will with your permission provide your contact information to lenders, attorneys or any other service provider as needed to facilitate your real estate transaction. 
Fair Housing Policy: The Nestwell Group Real Estate Team of Ashworth Realty provides professional service to all without regard to race, religion, sex, handicap, familial status, sexual orientation, national origin or other protected status of any prospective client, customer or resident of any community. 

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