Could Your Atlanta Home Be the Next Featured Property on HGTV’s Property Brothers?

Could Your Atlanta Home Be the Next Featured Property on HGTV’s Property Brothers?

In case you haven’t heard, Slyman Real Estate has a current listing that will be featured on HGTV’s Property Brothers in Atlanta later this year. As you can imagine, we are SUPER excited!

Here’s some even BETTER news: Having already worked with the show, we’ve been contacted by the Casting Director of another Property Brothers Show “Buying and Selling” to ask if we might have clients that would be interested in having their home made-over on the show and put on the market to sell. At the same time, they would assist the participating seller with their next purchase. I (Paige Slyman) would serve as your realtor and advisor throughout the entire process so you know I’ll make sure it’s a GREAT experience for YOU!  This could truly be an opportunity of a lifetime! Imagine all the attention your home would get!  And it would be a lot of fun too!

TIME IS OF THE ESSENCE! If you’ve ever thought about selling and think you would like to have your home featured on the show, please give me a call so we can talk about the details and forward the information to the Casting Director ASAP! They aren’t looking for perfect homes so don’t be concerned if your home has good bones but needs work. They are casting for Property Brothers in Atlanta NOW and will only be able to use a certain number of listings to complete the show. I’d love it if I could help you market your home in this BIG way and find your dream home through this unique opportunity!

I’d be very interested to talk to you, your friends, neighbors or family if you think it’s something that you or any of your contacts would be interested in. Please give me a call at (770) 405-0100 ext. 222 or you can reach me on my cell at 770-757-7671.

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With Demand Outpacing Supply in Atlanta Real Estate, It’s a Great Time to Sell

Dissuaded by slow sales, declining home prices, a struggling economy and banks tightening up on lending, many sellers hunkered down for the long haul over the past five years deciding to make improvements to their existing homes and stay in them a little longer rather than risk losing money by putting them on the market.

Flash forward to first quarter 2013.

According to the National Association of REALTORS®, year-end numbers for 2012 brought the welcomed and encouraging news that last year was the best year in real estate since 2007. With the election behind us, mortgage rates that have remained incredibly low and a slow but steady increase in home prices along with a sharp drop in the number of foreclosures and short sales inflating the inventory count, buyers have come back in numbers much higher than current inventory levels can support. In fact, many Atlanta REALTORS®, are reporting a shorter time on the market for their seller clients and receiving multiple offers on properties is becoming commonplace.

Just how big is the discrepancy between buyers who are ready, willing and able to buy and the number of properties available in the Atlanta market? Consider the fact there are 30,000 homes currently listed as opposed to the average rate for this time of year being around 90,000 homes on the market. This parallels what is happening on a nationwide level with inventory of homes for sale in December at its lowest level since 2001. With February being a historically high-volume sales month in the Atlanta real estate market and moving right into spring which is always a very active season for homes sales, the number of interested buyers is expected to continue to rise as the realization that home prices are moving up hits home with buyers.

What does this mean for sellers? If you have a home that you’ve been sitting on or a property you need to sell, now is a terrific time to get it on the market while buyers are reluctantly playing a game of musical chairs, if you will. Demand is high, average time on the market is getting shorter, buyers are anxious and home prices are expected to continue to move up as demand outpaces supply.

If you have questions about selling your home, we’ll be happy to answer them for you. Give us a call at 770.405.0100 x 222 or email Paige Slyman at slymanfamily@comcast.net. We are also glad to work with buyers.

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Fiscal Cliff Averted, Atlanta’s Real Estate Market is Expected to Continue Upward Momentum

Though it was one of the hottest topics of discussion throughout the holidays, the “fiscal cliff” has been largely averted, at least for now, with a plan approved by the president and congress at the 11th hour. Deemed a compromise by some and a blessing by others, the signing of this bill ends a lot of the economic uncertainty that many were feeling at year’s end.

Fortunately, the news is mostly positive for the real estate market with housing industry experts predicting that the housing market will continue its trend of upward momentum. And this holds true whether you are looking to buy or sell property in the Atlanta real rstate market.

One of the provisions that real estate industry experts were monitoring very closely was whether or not the Mortgage Cancellation Relief Act would be extended or allowed to expire. The Act which was first passed in 2007, granted forgiveness to owners and sellers for debt that resulted from short sales, foreclosures and modifications, such as principal reduction.

Without the extension, sellers and owners would have been responsible for taxes on the amount of debt that lenders were unable to recover. Beyond the financial burden that these retroactive taxes would have created, there was a fear that the expiration of the program could have caused many sellers to no longer consider short sale as a viable option or that some owners would not follow through on short sales that were already in progress leading to a sluggish or stalled market. The Act has been extended through January 2014.

The extension is good news for those looking to buy or sell homes in Atlanta. It broadens the options for underwater sellers seeking relief to move forward on their sales and it allows active buyers fresh inventory to shop.  At the end of the 4th quarter we saw a rising demand from buyers across all price ranges for homes in Atlanta and expect that trend to continue. And with rates still very low and the fact that February is historically a high volume month, now is a great time to get your home on the market while it’s fertile with ready, willing and able buyers looking for property. We’re looking forward to the growth of a more robust market as the New Year settles in.

At Slyman Real Estate, we can help you whether you are a seller looking for a buyer or a buyer looking for a home or investment property. For more information on our current listings and our services, please see our website at www.PaigeSlyman.com.  We’re also glad to provide information and answer your questions. Feel free to call us at 770.405.0100 x 222 or email Paige Slyman at slymanfamily@comcast.net

 

 

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Real Estate Sense: When to Stay in an Underwater Home

Before the real estate market crash of 2008, millions of Americans invested with the expectation that their property would escalate in market value and could eventually be sold for a profit. Reality Check. Four years later, while significant progress has been made in turning the seemingly fragile real estate industry around, we still have a long way to go.

If you are currently upside down in your mortgage or other real estate investments, you are not alone. Thousands of metro Atlanta real estate owners are currently under water with their real estate and owe more than their home is actually worth. From a national perspective, more than 25% of home mortgages are going for less than what they were originally paid for. While this is great news for the buyers in this market, it makes for a really difficult situation for sellers. Coming out on top in this market as a seller requires even more strategy and thoughtful decision making than ever before.

Waiting for the market to fully rebound sounds like a great idea in theory, but for some, life circumstances simply will not allow for that. Whether it is an expansion in the family, the need to move for a job or a change in your financial situation, the time to make a sound and solid decision about their current financial and real estate situation must come sooner rather than later.

Paige Slyman has been guiding metro Atlantans with real estate questions and decisions for the better part of 20 years and is regularly sough after to help develop a plan to help his clients with their current real estate situation.

There are two common scenarios in this seemingly common situation for metro Atlantan home owners

You love your home and neighborhood

If your home fits your family’s life, is affordable and you believe will continue to be a great place for you and your family, in general, and depending on circumstances, I would advise home owners that fall into the category to avoid making market-based decisions, regardless if the home is upside down or not. In plain English, we are saying stay put and enjoy the home you love and hope that the market continues to make strides in terms of guide and stability.

Your home is no longer a fit for you and your family

On the other hand, thousands of families across the nation simply cannot stay in their current home, for a multitude of reasons. In these instances, it might make sense to divest and consider options of exiting the home, regardless of the market. Paige Slyman is an expert in guiding real estate owners in these situations and he can advise on current market trends, various financial options and comprehensive exiting strategies that will allow you and your family to leave the current situation financially sound.

Property Management Option

One option for those feeling “stuck” in their current home is property management, which Paige Slyman offers to his clients. Basically this option would allow you to exit your home, all while you still on the property and rent it out. This allows for the renter to help subsidize or even some instances fully cover your mortgage. With rental prices soaring in metro Atlanta this has become a very sought after and often times lucrative option for real estate owners. Contact Paige Slyman today to see if property management is a solution that you should further consider.

In closing, while the market fights to leave its limbo phase and reach a greater level of stability, take an honest look at your current situation and determine if your home is a place that will continue to be a good fit for your family. If this is a home that you and your family can grow in and you feel comfortable with, consider avoiding market based decisions. However, if you need an exit strategy and want to minimize the risk of financial loss, contact Paige Slyman to get started with your customized real estate plan.

Contact Paige Slyman for all of your real estate needs at 770.405.0100 x 222 or email us at slymanfamily@comcast.net.

 

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Property Management: The solution for a home that is having trouble selling

As we slowly begin to transition from winter to spring, we wanted to re-visit the topic of “property management” a blog topic that is particular important to many metro Atlantans that are having trouble selling their home.

Life can be complicated. Throw into the mix a sluggish economy and a struggling housing market when you need to sell your home and it can seem almost impossible. If this sounds like your life, you’re not alone. As our country desperately tries to recover from the recession and the aftermath of the spiraling housing market, millions of Americans are faced with the stark reality that it is going to take careful planning and thoughtful strategy to find the perfect solution for their real estate and financial needs.

That’s where Paige Slyman can step in. For over 15 years, Paige has been a trendsetter inAtlantareal estate strategy and solutions. As more of his loyal clients are faced with the reality that while they need to sell their home for various reasons, whether it be to downsize, move for career opportunities or the addition of new family members, they might not be able to sell their property for what they originally paid for it in the real estate glory days.

Disgruntled but still hopeful by their situation, many people have turned to Paige to help them solve their real estate dilemma and seek advice that will facilitate both their real estate and financial long term goals. In a majority of the cases, the solution is quite simple actually…Property Management.

Short Term Solution While the Market Recovers

As the real estate industry continues to stabilize itself, thus, leaving thousands of home owners with the option of selling their home at drastically reduce prices or risk leaving the home on the market for extended periods of time, they are turning to property management as a short term solution. This option allows the home owner to keep the home while the market recovers and prices begin to rise again. Allowing someone else to move in and rent your property can provide you with the peace of mind that you are not forfeiting a great deal of money to sell your home in an obvious buyer’s market. It also allows you to have almost if not all of the mortgage paid for each month by the renter. It is a win/win situation for all parties involved.

More Renters…Higher Demand…More Money for You.

While unfortunate, the truth remains that our country is in midst of a housing crisis. Millions of home owners are losing their homes and are now in the flooded rental market. As a result, there is an intense increase in demand for rental property that is causing rental rates to increase, especially in theAtlantaarea. This means that if you opt to utilize a property management strategy rather than selling your home, you stand to bring in more cash each month that you can put towards your mortgage or into savings.

Property Management for Investment Purposes

Because the housing market inAtlantahas an unparalleled amount of foreclosure and short sale homes on the market, it is forcing other home owners wishing to sell their home to lower their prices just to compete. This has sparked a huge trend in investors looking to capitalize on the amazing deals in the metroAtlantaarea. Many investors are buying properties for the sole reason of putting them on the rental market and allowing a renter to pay for the mortgage until the market fully recovers and they can sale the property or properties for a profit.

In closing, it is imperative that you seek counsel with a reputable and knowledgeable real estate professional that is familiar with the trends in the area you are looking to buy, sell or invest in. Paige Slyman is an expert in the metro Atlanta real estate market and able to provide you with solid advice that is backed by industry trends, and years of experience.

Give us a call at 770.405.0100 x 222 or email us at slymanfamily@comcast.net.

 

Read more

Property Management: The solution for a home that is having trouble selling

As we slowly begin to transition from winter to spring, we wanted to re-visit the topic of “property management.” a topic that is particular important to many metro Atlantans that are having trouble selling their home.

Life can be complicated. Throw into the mix a sluggish economy and a struggling housing market when you need to sell your home and it can seem almost impossible. If this sounds like your life, you’re not alone. As our country desperately tries to recover from the recession and the aftermath of the spiraling housing market, millions of Americans are faced with the stark reality that it is going to take careful planning and thoughtful strategy to find the perfect solution for their real estate and financial needs.

That’s where Paige Slyman can step in. For over 15 years, Paige has been a trendsetter inAtlantareal estate strategy and solutions. As more of his loyal clients are faced with the reality that while they need to sell their home for various reasons, whether it be to downsize, move for career opportunities or the addition of new family members, they might not be able to sell their property for what they originally paid for it in the real estate glory days.

Disgruntled but still hopeful by their situation, many people have turned to Paige to help them solve their real estate dilemma and seek advice that will facilitate both their real estate and financial long term goals. In a majority of the cases, the solution is quite simple actually…Property Management.

Short Term Solution While the Market Recovers

As the real estate industry continues to stabilize itself, thus, leaving thousands of home owners with the option of selling their home at drastically reduce prices or risk leaving the home on the market for extended periods of time, they are turning to property management as a short term solution. This option allows the home owner to keep the home while the market recovers and prices begin to rise again. Allowing someone else to move in and rent your property can provide you with the peace of mind that you are not forfeiting a great deal of money to sell your home in an obvious buyer’s market. It also allows you to have almost if not all of the mortgage paid for each month by the renter. It is a win/win situation for all parties involved.

More Renters…Higher Demand…More Money for You.

While unfortunate, the truth remains that our country is in midst of a housing crisis. Millions of home owners are losing their homes and are now in the flooded rental market. As a result, there is an intense increase in demand for rental property that is causing rental rates to increase, especially in theAtlantaarea. This means that if you opt to utilize a property management strategy rather than selling your home, you stand to bring in more cash each month that you can put towards your mortgage or into savings.

Property Management for Investment Purposes

Because the housing market inAtlantahas an unparalleled amount of foreclosure and short sale homes on the market, it is forcing other home owners wishing to sell their home to lower their prices just to compete. This has sparked a huge trend in investors looking to capitalize on the amazing deals in the metroAtlantaarea. Many investors are buying properties for the sole reason of putting them on the rental market and allowing a renter to pay for the mortgage until the market fully recovers and they can sale the property or properties for a profit.

In closing, it is imperative that you seek counsel with a reputable and knowledgeable real estate professional that is familiar with the trends in the area you are looking to buy, sell or invest in. Paige Slyman is an expert in the metro Atlanta real estate market and able to provide you with solid advice that is backed by industry trends, and years of experience.

Give us a call at 770.405.0100 x 222 or email us at slymanfamily@comcast.net.

 

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