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

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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.

 

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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 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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Re-visiting Past Blogs: Metro Atlanta Real Estate Market: Owning vs. Renting

As we steadfastly approach the end of Q1 for 2012, we wanted to revisit a blog we wrote last year that generated a lot of comments and questions from our clients and supporters. For those of you who missed our blog entitled, “Metro Atlanta Real Estate Market: Owning vs. Renting” back in August of last year, never fear, we are putting the contents from that blog in today’s post.

The topic of owning versus renting is so relevant and important to so many metro Atlantans that we  felt compelled to re-share our thoughts on the matter.

In the height of the Metro Atlanta real estate boom, individuals selling their homes commanded prices that yielded large return on investments and buyers were more than willing to pay these inflated prices. Fast forward a few years later and the real estate market is a completely different place. Gone are the days when home owners could walk away from a real estate transaction with the upper hand in price negations and enormous profits. We are currently experiencing what real estate experts call a “buyer’s market.”

The real estate market is similar to the stock market in that it is normal for the market to shift gears and switch from a seller’s market to a buyer’s market and vice versa. In other words, the current buyer’s market conditions will not last forever. If you ever wanted to purchase a home for any reason, now is the time. The present real estate circumstances, such as historically low interest rates and low home prices have fostered an environment that have set up both current and potential real estate buyers for success.

Below is an in depth look at why NOW is the time to buy rather than rent your home in metroAtlanta:

Owning is less expensive than Renting in Metro Atlanta

The combination of all time low interest rates and unprecedented low home selling prices have made it possible for buyers to become a home owner for much cheaper than then current Metro Atlanta rental rates.  In fact, Trulia recently came out with its rent vs. owning index, which shows it is currently more expensive to rent than own a two bedroom, two bath home in 72% ofAmerica’s 50 largest cities.

Another explanation of the current rise in rental rates and decrease in home prices is supply and demand. Due to the massive foreclosure crisis, thousands of Atlantan home owners were forced to sell their homes at drastically reduced prices. These former home owners have now become renters. This increase of renters has lead to an increase in rental prices. Conversely, the increase in foreclosures has lead to a dramatic decrease in home prices. Thus, the timing is now PERFECT for home buyers to take advantage of the current prime real estate environment.

Going, going, GONE. Low interest rates won’t last forever

Most experts do not expect the current low interest rates to last forever. Currently, potential home buyers can take advantage of historically low interest rates. However, factors such as impending mortgage reform and the fact that interest rates will increase as the economy improves come together to suggest that interest rates will eventually rise. Because the combination of both price and interest rates determine the overall cost of home ownership, it is imperative that anyone looking to buy real estate take advantage of the low interest rates while they are still available.  

Mortgage Rate Reform: 30 year mortgage a thing of the past?

Over recent years, there has been a great deal of debate over the government’s role in assisting homeowners with home ownership.  Many industry experts predict that if Fannie Mae and Freddie Mac’s roles in mortgage support are limited, it could be the end of the 30 year mortgage. The Obama administration wants to eliminate federal guarantees for home loans for all but credit worthy buyers. If a change such as this were to be implemented, it could make buying a mortgage more expensive. Thus, the 30 year, fixed-rate mortgage would not be as widely used as other mortgage types. Prospective home buyers should take advantage of the ability to lock in the incredibly low interest rates over the next 30 years.

In closing, renting a home is the equivalent of having an adjustable rate loan with no cap that will readjust with higher rental rates each year. By locking in the current low interest rates, potential home owners can guarantee that the price of their living expenses stays the same, year after year. With that being said, low interest rates and dramatically low home prices have set the stage for Metro Atlanta home buyers to enjoy the benefits of home ownership.

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

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