Author: Slyman Real Estate GA

Incentives for Buyers

When companies have excess inventory they usually market attractive incentives to allure prospective buyers to take the extra stock off of their hands. From time to time, Fannie Mae, Freddie Mac, HUD, and many other Banks use similar incentives to help push the inventory that has not moved off of their books. (In case you are unsure what Fannie Mae or Freddie Mac actually is, the elevator pitch version of what they do is as follows: they are government formed organizations that seek to help stabilize the real estate market and enable families across America buy a home, re-finance and avoid foreclosure.) If you want more information about these organizations you can find it at: http://www.freddiemac.com/  and http://www.fanniemae.com/.

Currently, both Fannie Mae and Freddie Mac are utilizing some very enticing incentives to help boost the real estate market and get excess inventory off of their books. In this week’s blog we want to go over a few notable opportunities you should know about.

Homes for a Dollar?

HUD offers a “dollar homes” initiative that is designed to help local governments foster housing opportunities for low to moderate income families and address specific community needs by offering them the opportunity to purchase qualified HUD-owned homes for $1 each. Think this sounds too good to be true? It’s not. This program encompasses single-family homes that are acquired by the Federal Housing Administration, which is a division of HUD as a result of foreclosure. Single-family properties are made available through the program whenever FHA is unable to sell the homes for six months. The program enables communities to fix up the homes and put them to good use while allowing for unbelievable price cuts. The newly occupied homes can then act as catalysts for neighborhood revitalization, attracting new residents and businesses to an area. The program is a win/win situation for all involved.

To find out if properties are available for sale in your community, call Paige Slyman today.

No Down Payment

In addition to the great incentives from HUD that buyers all over metro Atlanta can take advantage of, there are still ways to purchase a home with little money for a down payment. Paige Slyman is an expert in advising his clients on all of the great incentives that are currently being offered in the market. He has successfully guided many happy home owners in metro Atlanta in buying their dream home with little to no money down, and he can do the same for you.

In closing, there are a multitude of great opportunities for potential home owners or investors and they just need to know where to go to find them. As these lending programs constantly change, call Paige Slyman to guide you on the opportunities that best fit your needs. Constantly striving to be knowledgeable of the latest ways to purchase a home, Paige has become one of the most trusted metro Atlanta real estate resources over the last two decades.

Contact Paige Slyman for all of your real estate needs at 770.405.0100 x 2 or email us at paige@paigeslyman.com

History of interest rates: Why Now is the Time to Buy

In an effort to boost the economy and help the struggling real estate market, mortgage rates have been slashed to an unprecedented 4% range. Seasoned real estate investors might re-call a time when rates this low were unfathomable while newer investors to the market might be taking this all-time low rate opportunity for granted.

In fact, mortgage rates had never gone below the 6% range until 2003 and as we approached the end of the last decade we experienced rates fall below 4% which was previously unthinkable in the real estate community.

Prior to the early 2000s, higher mortgage interest rates were a standard part of participating in the real estate market. Dating back to the 1970s, investors experienced rates in the 7% range and by the end of that decade rates averaged around 9%. The 1980s experienced interest rates as high as 19% during some parts of the decade. Comparing these figures to the 4% range today’s market is currently experiencing, it is hard to deny the facts, now is the perfect time to buy real estate.

The 1990s brought more stability to the real estate market and interest rates leveled out and returned to a much lower 7% to 9% throughout the decade. As we entered the middle of the first decade in the millennium the market took a dramatic shift and saw interest rates plummet to below 5%.

In closing, with mortgage rates being at an all time low, it could be very beneficial to jump on the real estate investment bandwagon and take advantage of the historically low rates while you can. As history has shown us, we have not seen the last of high interest rates and it is only a matter of time before this golden opportunity will be gone. Contact Paige Slyman today to learn more about metro Atlanta real estate and how he can guide you into your dream home or the perfect investment property.

Contact Paige Slyman for all of your real estate needs at 770.405.0100 x 2 or email us at paige@paigeslyman.com

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Atlanta Real Estate Investment

Metro Atlanta Demand for Home Rentals Skyrocket, Leads to Increased Opportunities for Real Estate Investors

As the real estate market in Metro Atlanta finds its new identity from the aftermath of the market crash during the first decade of this century, one thing is for certain, anyone having a tough time selling their home or looking to re-build their wealth and profit in an unstable economy should consider investing in real estate for the purpose of property management. In fact, with it becoming increasingly harder for home buyers to get approved on mortgage loans, more and more metro Atlanta families are being force to rent rather than purchase. The result is an increased rental market rate, which in turn, means more money and less competition for property owners with real estate on the rental market.

Property management has become a viable and often times very lucrative option to spending an extensive amount of time attempting to sell with no success.

Paige Slyman has been counseling real estate investors with the purpose of property management for over 2 decades. Once he helps his clients find the perfect rental property, Paige also offers his clients first class property management services. Blending his extensive knowledge and expertise of rental rates in and around all of metro Atlanta, costs associated with property management and what his client’s actual mortgage will be each month, Paige has helped hundreds of clients find a home that will not only allow them to profit each month, but eventually profit when ready to sell.

In closing, as the metro Atlanta real estate market works to re-build its housing market, property management is the answer for many investors and home owners struggling to sell their home. Paige Slyman is in expert in advising his clients in the property management process as well as investing in real estate for the same reason. Call him today to determine if property management is the right solution for you and your family.

Contact Paige Slyman for all of your real estate needs at 770.405.0100 x 2 or email us at paige@paigeslyman.com

New Year and New Paige Slyman Website

As we bring an official close to this year, Slyman Real Estate is looking forward to starting next year with a new website which can be found at http://paigeslyman.com/. Our goal was to create a site that truly reflected the Slyman Real Estate brand and could be used as a valuable resource for metro Atlantans in their quest to buy or sell real estate.

As millions of Americans vow to make New Year resolutions, Paige Slyman wanted to take the start of next year as a way to enhance his already legendary client service that the metro Atlanta real estate community has grown to know and love. The first step in that enhancement process was to re-haul the Paige Slyman website. Our second goal is to create even more innovative and informative blogs. If you have questions or topics that you would like for us to write about, please email them to us and we will be happy to address it in future blog posts.

Slyman Real Estate is built on a foundation of trust and loyalty. We strive to create an environment and relationship with our clients that are not only transparent, but also consultative and educational in nature. We want our clients to feel fully informed about their real estate buying or selling process… and we believe the first step in fostering that type of relationship is a website that easy, functional and informative.

In closing, we would like to personally thank our supporters and past, present and future clients. It is our clients that have made us the company that we are today and we are truly grateful for that. This was an amazing year for us and we look forward to an even more successful and happy year and we wish you the same sucess.

Give us a call at 770.405.0100 x 2 or email us at paige@paigeslyman.com

Happy Holidays from Paige Slyman

Dear Slyman Real Estate Clients and Friends –

As we approach the holidays and the beginning of a new year, Slyman Real Estate would like to take this opportunity to thank our clients for their continued support and extend our best wishes this season.

May your holiday season and the New Year be filled with much joy, happiness and success. We look forward to working with you in the coming year.

Happy Holidays!

Paige Slyman

Contact Paige Slyman for all of your real estate needs at 770.405.0100 x 2 or email us at paige@paigeslyman.com

Year End Tips for Metro Atlanta Real Estate Investors

As we approach the official end of year, it is only natural to look towards the future and set goals for ourselves in the new year. As investors, it is important to be on the forefront of industry trends and set goals to increase the likelihood of success in all of your real estate endeavors. In this week’s blog, we would like to discuss a few trends and tips that will help you reach your real estate investing goals.

Spending over 2 decades assisting clients with their real estate investment ventures, not to mention his own, Paige Slyman is often cited as one of metro Atlanta’s top real estate advisors. Below are a few of his year end “tips of the trade” and “food for thought” when it comes to putting your hard earned money in the real estate market.

-Historically, banks are eager to unload their real estate inventory towards the end of the year. The thought behind this is that banks would like to begin the new year with a clean slate and not have inventory from the previous year still on the books. Now is the time to invest.

-If you own 401K, stocks, bonds or money markets among other investor tools and strategies, it might be advantageous for you to consider diversifying your investment portfolio to include a rental home. When looking at his extensive portfolio of metro Atlanta investors, Paige Slyman says that his investor clients usually average $200-$300 net positive cash flow per month.

– As a continuation from the previous bullet point, because a home is an appreciating asset, it can be a HUGE tax deduction which is an enormous pro to investing in a home for a rental program. Most other investments do not allow for such deductions.

In closing, as we put an official end this year, now is the perfect time to open up the possibilities of investing in real estate in metro Atlanta. The perfect combination of low interest rates and steady home prices have come together to make incredible investment opportunities.  Paige Slyman is an expert in guiding his clients in the investment process and has over 2 decades of personal real estate investment experience under his belt as well. Contact him today and begin the path to achieving your investment goals.

Contact Paige Slyman for all of your real estate needs at 770.405.0100 x 2 or email us at paige@paigeslyman.com

Metro Atlanta End of Year Traditional Buying Tips

As we find ourselves closer to the official end of year, we would like to talk about a few issues/trends that effect home buyers this time of year. As a general rule of thumb, the industry tends to experience a reduction in home prices around the holidays. This is mostly attributed to both sellers and agents hitting the panic button due to the overall slow down of showings. The thought process behind the lower price strategy during the winter/holiday months is that it will stimulate showings, and from our experience, it usually does.

With that being said, if you are looking for an amazing “year in clearance” deal, now is the time to capitalize on that opportunity. By and large, the winter season is divided into two parts: pre and post-holiday and real estate buying and selling trends are divided accordingly. As we mentioned earlier, prices tend to drop before and during the holidays due to low showings and overall real estate activity.

However, after the holidays are over and we move into the second half of the winter season, historically February is the 2nd highest volume month for the industry. February experiences an influx of new homes being placed on the market because many home sellers wait until after the holidays and closer to spring to actually put their homes on the market. We recommend that home buyers make the most of this increase of homes and use the law of supply and demand as a way to negotiate a lower price and also enjoy having more options to choose from. Basically, we are suggesting home buyers leverage the fact that because more homes come into the market the closer we get to spring, the more competition the sellers will have and the more leverage will be given to the buyer.

For any buyer that feels like they have left no stone unturned and they have still not found the perfect home for their family, we encourage you to be hopeful and continue your search because in about 60 days, the market will be flooded with new inventory.

If you have yet to find a home in your budget over the last year, we strongly urge you to re-look at the inventory as prices are dropping across the board and you may just find the perfect home at the perfect price during the winter months.

Paige Slyman is an expert in advising both buyers and sellers in the real estate process. Contact him to develop a personalized and strategic real estate approach.

Contact Paige Slyman for all of your real estate needs at 770.405.0100 x 2 or email us at paige@paigeslyman.com

Slyman Real Estate’s Commercial Building Grand Opening and Networking Event

Dear Slyman Real Estate Friends –

After four months of renovations, Paige Slyman of Slyman Real Estate would like to kindly extend a personal invitation to attend the grand opening of Slyman Real Estate’s newly acquired and remodeled commercial building located at 1744 Roswell Road, Marietta, Georgia, 30062.

Please join us in this truly celebratory occasion with an evening filled with networking and fun that includes food, beer, and the famous “Margarita Machine”.

This is a party and networking opportunity that you do not want to miss.

Details are below:

Where: 1744 Roswell Road, Marietta 30062

When: Friday December 16, 4-7PM

Please RSVP at paige@paigeslyman.com.

Thank you for your support and we look forward to sharing this exciting and momentous occasion with our friends, clients and supporters.

We look forward to seeing you on December 16.

Paige Slyman

A Reflection of Gratitude and Thanks

Spending over 2 decades in a career that I feel passionate about has left me with a sense of gratitude and a true spirit of Thanksgiving. I am fortunate to earn a living helping my clients realize their dream of home ownership (or selling their home) and for that I am eternally grateful.

In the spirit of looking at the glass half full rather than half empty, I wanted to take a moment to reflect on what I am grateful for in terms of both my personal and professional life.

My clients are amazing and I am thankful for the trust and awesome responsibility that they have given me. I do not take their belief in my ability lightly. I would like to personally thank each and every one of my clients for giving me a chance to develop a strong professional relationship that is based on integrity and open communication. My goal is to develop long term relationships with my clients and a testament to that goal is that I now have a 95% referral rate. This is truly the best compliment I could receive and I am proud that my clients believe in me enough to refer my services to their friends and family.

On a personal level, I am also cognizant of the fact that my love for my career has been supported and driven by the love I feel for my beautiful wife and children. I am thankful to have such a supportive personal team to give me the strength I need to deliver for my clients professionally. My family is my rock and I am more appreciative than you will ever know for everything they have given me.

On a different note, with most of the world’s news being bleak and dismal most of the time, I feel it is necessary to reflect on some of the good things that are going on in the real estate industry and even beyond.  With historically low interest rates, motivated sellers and buyers and a nation doing everything we can to re-build, now is a great time to be a home buyer or seller. I encourage anyone in the real estate market to focus on the positive aspects of the real estate market and consult with me or your REALTOR ® on ways to strategically overcome the difficult issues facing the market today.

In closing, I am grateful to both my clients and my family. I feel that much has been given to me and therefore much is expected and that is a challenge that I am excited to take on. After over 2 decades being in metro Atlanta real estate, there is nothing else I would rather be doing and for that I am so very thankful. I appreciate all of your love and support.

Best.

Paige Slyman

Give us a call at 770.405.0100 x 2 or email us at paige@paigeslyman.com

End of Season Part 2: Preparing to buy a home

In last week’s blog we discussed what home sellers can do during the approaching holiday season to increase their chances of selling their home in the new year. This week, we would like to shift gears and discuss what actions need to be taken at the end of the year to prepare for purchasing a home in the first quarter.

Historically, February is the 2nd highest listing volume month of the entire year. Many industry experts believe this is because sellers have a propensity to wait to list their property until after the holidays. With that being said, home buyers should be preparing now to ensure that they are ready to move forward with the buying process when they find the home they want to buy. Therefore, one of the best proactive tasks a buyer can do is get pre-approved for their home loan…NOW to prepare for the first quarter home selling season.

In closing, homes  in metro Atlanta are being reduced in price for a “year in clearance” if you will. Now is the time to make sure that you are set up for home buying success by taking the steps to get pre-approved for a loan.  Paige Slyman is an expert is assisting clients in the home buying process. Call him with any questions and to get insight on the best ways to prepare to buy or sell a home.

Give us a call at 770.405.0100 x 2 or email us at paige@paigeslyman.com.

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