For Sale - 868 Edgewater Circle - Marietta 30062

Listed at $149,900 this amazing renovated 2 bedroom 2.5 bath townhouse with loads of upgrades is located in East Cobb.  A couple of years ago, the current owner of this property actually moved out for 6 months to accommodate the complete overhaul that took place.  She went way beyond the expected remodel in this price range with upgrades you would expect to see in $500,000 homes.  Real hardwood floors throughout. . .no laminate found here. . . all real solid oak flooring with a medium stain.  Installed ceramic tile floors in the front and back entry, laundry room, kitchen and all bathrooms. Replaced all of the door hardware with rubbed bronze style knobs.  High end light fixtures throughout the home and additional can lighting in the kitchen area.  Speaking of the kitchen. . . silestone counters and stainless appliances - side by side refrigerator with ice maker, gas stove with warming drawer, microwave hood above the stove and of course a stainless dishwasher. 

All of the hand rails and dowels on the stairway leading up to the loft area and bedrooms were replace with oak and wrought iron.  The dining room is complete with a custom built "full length" wall mirror, chair rail/grass cloth and custom made rug.  The standard "builder grade" sliding door to the patio area was replace with an energy efficient french slider.

Custom Hunter Douglas blinds on all of the windows.  All bathrooms were remodeled including the tile floors, paint and hardware.  The guest bath upgrades include a granite vanity top, new tub and surround tile with inlays.  Amazing master bath with custom tile, garden tub, granite vanity top, all new hardware, and expanded shower with custom tile and frameless door.  As if. . .this were not enough . . . . crown molding was installed upstairs as well as California Closets in both bedroom closets.  Aside from all the fantastic upgrades . . .the owner has also paid attention the the maintenance and the service of all components of her home.  

She has painted the exterior several times, replace the HVAC system and water heater as well as all of the polybutylene plumbing.  I forgot to mention. . . the vaulted ceiling in the Greatroom, the gas log fireplace and the 2 car garage.  Call or email for more information.  If you can find a townhouse in East Cobb with better upgrades than this one . . .  and and at a similar price. . .I have

2 words for you. . .

BUY IT . . .

I say that with confidence . . . I do not believe that you will find anything close to this one!

David Arnold

REMAX Greater Atlanta

http://www.homerunatlata.com/

678-784-4354 

Step 2 - The home buying process.

Last time we discussed step 1 of the home buying process and that was determining if it is the "right" time to buy.  Step 2 follows closely behind  . . . get pre-approved for the mortgage.  You might think that the loan application should come later in the process when in fact you should start the loan process immediately.  I recommend that you ask your Realtor for a referral to their "preferred" lenders.  They will know who has the experience, knowledge, and resources to provide the best service for you to secure a mortgage.  Trust me . . .(scary words I know) I don't want any of my clients to have a bad experience with a lender.  There is enough stress in buying a home without dealing with an unknown or inexperienced loan originator.

 PLEASE DON'T ATTEMPT AN "ON-LINE ONLY" LENDER . . .

 If all of your contact is on-line with no upfront face to face (or at least on the phone). . . run.  I have never successfully closed a deal with a client who tried to use a "total" on-line mortgage company.

WHY SHOULD I GET PRE-APPROVED?

Reason #1 . . . your agent will know you are serious . . . especially if you are approved with a well known lender.  Reason #2 . . . you will have a much better understanding of the loan process and the documentation they require.  Reason #3 . . .  it gives you a chance to analyze the different options available for a mortgage and figure out which one will work best for you.  Reason #4 . . . it will keep you from wasting time considering homes that you could not qualify to purchase . . . or would require a payment higher than you are comfortable paying. Finally, Reason #5 . . .  when you find the home you want. . .and you are ready to make an offer . . . a copy of your pre-approval letter will be submitted to the seller. 

WHY? 

Some sellers will require the letter before they will even consider your offer.  More importantly, an offer including a pre-approval letter from a well known mortgage company will be considered more seriously by the seller and their agent . . .  and that could result in a better response from them.

So. . . determine if it is the right time to buy a home for you . . . and if it is. . .ask your Realtor for a referral to a mortgage company and secure your pre-approval letter.

For more information . . . call, comment, or email.

Have Fun!
David Arnold
REMAX Greater Atlanta
678-784-4354
http://www.homerunatlanta.com/
  
  

Prices are down. . .Mortgage rates are low. . .Should I buy a house?

Home prices are at a 9 year low by some measurements and mortgage rates continue to hover in the 4% range on 30 year fixed money.  So. . . . now the question . . . . is that a good reason to buy a home?

I think you will be surprised with my answer . . . NO! 

Having great prices and loan rates should not be the reason to buy a home . . . but they are unbelievable benefits of buying now.   Considering market conditions in determining if it is the "right" time to purchase a home should be the last item on the list to analyze.  All of the important considerations are personal evaluations.



1. Job/Career plans - beyond stability of your job. . .what are the chances of transfers, promotions, do you want to work more or less, start your own business etc.
2. Family changes - will you get married, have children, empty nest, parent moving in etc.
3. Financial - income going up or down, cash reserves for emergency, college funds, overall cash flow etc.
4. Life dreams - Are you committed to living in the same area for awhile, expensive hobbies, travel etc.

So you see. . .wondering if it is the "right" time to buy a home is actually a big decision . . .and a personal decision . . . BUT . . .  if it is the "right" time to buy . . . . . .

What great timing because the benefits are HUGE.

David Arnold
REMAX Greater Atlanta
678-784-4354
http://www.homerunatlanta.com/

Career Day at Milford Elementary School

OK. . don't laugh. . .I participated in "Career Day" at Milford Elementary School this past Friday.  I know the competition was tough from the Fireman, Veterinarian, and the Martial Arts Instructor. . .but I think I held my own.  It wasn't really a competition (except in my mind) but I wanted the students to enjoy my presentation and learn something.  I was assigned to the 3rd grade  . . . a total of 5 different classes, and my estimate of about 130 total kids.  The presentation went "on stage" 4 times . . .each one a little different depending on questions from the audience.  Here is the insider truth. . .I started every session welcoming the students to career day, and then asked them "Does anyone know what a Real Estate Agent does?"  Out of all 4 sessions, I only got ONE response. . .OOPS. . .and that boy asked  "Is it like a secret spy or something?" . . . . . .

WELL NOT EXACTLY . . . . .

I guess the word "Agent" in the profession threw him a little . . . or maybe he was just hoping for James Bond or even Maxwell Smart . . . I suppose either would be more exciting than someone who sells homes.  I was able to weave my way past that and proceeded through my bullet points.  We discussed the basics of what a real estate agent does, differences in homes, why people buy homes, and why people sell homes.  For a better illustration I asked for 3 volunteers to come to the front of the class to help me.  Someone very smart recommended to me that when I ask for volunteers. . . let the teacher make the selection.  So I did that, and in every case the teachers picked kids who behaved, willingly participated and cooperated for the "skit" . . . what great advise.  One student was a home seller, one was a home buyer and the third was the mortgage banker.  I had a picture of the home that was being sold, and cash for the buyer and the banker to hold.  We went through a VERY SIMPLIFIED process of listing, borrowing and buying.  I didn't feel the need to get into FICO scores, FNMA guidelines or Commission agreements . . . . and . . . .I didn't want everyone falling asleep including the teachers.

The Grand Finale . . . .

 I handed out some questions to the students (just in case they didn't have any) and let them ask the "right" questions.  How many homes are for sale in the Atlanta area?  What is the lowest price for a home in Cobb County?  What is the highest price for a home in the area?  Showing them a picture of a $9,900 home in Marietta and a $19,000,000 home for sale in Buckhead definitely received the most attention.  They were perfect with the oooohs and aaaaaahs.  After I was finished with one of the presentations, a student approached me to explain that if he had saved all of his Birthday money and allowances since he was born he would have $1,000,000 and then he would only need to save another $18,000,000 and he could buy that home.  Great math . . . but maybe not too realistic in the "savings rate" category.

I was impressed throughout the day with the behavior, respect, and interest that all of the kids showed.  The Milford Elementary School staff and administration should be very proud.  Now . . .  what I am proud of . . . is when I asked them at the end of the session . . .
  "Who wants to be a Real Estate Agent now?"  . . . . .   75% of the students raised their hands.

Lesson learned:  Show someone a picture of a mansion. . .and you have them eating out of your hand!

David Arnold
REMAX Greater Atlanta
678-784-4354
http://www.homerunatlanta.com/
David@HomerunAtlanta.com