Lake Lanier Archives - Lake Lanier Homes for Sale | Sheila Davis Group -The Norton Agency

Could a Multigenerational Home Be the Right Fit for You?

During the pandemic, many of us reexamined the meaning of home for ourselves and our loved ones. Today, that can be seen in the recent rise in multigenerational households. According to Jessica Lautz, Deputy Chief Economist and Vice President of Economic Research at the National Association of Realtors (NAR):

“Multi-generational buying may be a home where families live in the same home with elderly parents, children who have boomeranged back home, or other extended family members. While this is not a new concept of living, it is one which has gained recent popularity.”

And citing data from Pew Research Center, the Wall Street Journal (WSJ) says:

“. . . multigenerational living has made a comeback in recent years, particularly after the 2008 financial crisis and during the pandemic.”

So, if buying a multigenerational home has crossed your mind, you aren’t alone. Depending on what stage of homeownership you’re in, there are different reasons it could be the right fit. The chart below shows responses to a recent survey from NAR about the reasons people have bought a multigenerational home:

Whether your motives are financial or focused on the people you’ll share your home with, a multigenerational home has distinct advantages. It can make homeownership more affordable, and it can help you best support your loved ones. As Lautz explains:

“Multi-generational home buying is a way for families to care for one another, support one another, and often buy a home that may have been previously out of reach. . . . The trend of multigenerational buying appears to be firmly established and one that could expand in the future.”

Bottom Line: If you’re ready to buy a house, consider the opportunities of a multigenerational home. Let’s connect so you can explore your options in our area. The Sheila Davis Group 770-235-6907

| MyKCM

Number of Homes for Sale Up from Last Year, but Below Pre-Pandemic Years

The biggest challenge in the housing market right now, and likely for years to come, is how few homes there are for sale compared to the number of people who want to buy. That’s why, if you’re thinking about selling your house, this is a great time to do so. Your house would be welcome in a market that has fewer homes for sale than it did in the years leading up to the pandemic.

According to the latest Monthly Housing Market Trends Report from realtor.com:

“There were 65.5% more homes for sale in January compared to the same time in 2022. This means that there were 248,000 more homes available to buy this past month compared to one year ago. While the number of homes for sale is increasing, it is still 43.2% lower than it was before the pandemic in 2017 to 2019. This means that there are still fewer homes available to buy on a typical day than there were a few years ago.”

The graph below shows how today’s inventory of homes for sale compares to recent years:

What Does This Mean for You?

Fewer homes for sale means buyers have fewer choices than they did prior to the pandemic—and that frustration is leading some to give up on the homebuying process altogether. But with mortgage rates sitting lower than they were at the peak last fall, more buyers are willing to come back into the process—they just need to find homes to buy. This is welcome activity for the spring market, especially if you’re thinking of selling your house.

With a renewed interest in buying a home for many, the New York Times (NYT) reports:

“Home buyers are edging back into the market after being sidelined last year . . .”

So, if you want to take advantage of a sweet spot in the market, this spring could be your shot.

Bottom Line

The housing market needs more homes for sale to meet the demand of today’s buyers. If you’ve thought about selling, now’s the time for us to connect and get ready for you to make a move this spring. Give us a call at The Sheila Davis Group 770-235-6907 and please check out our website at https://www.lakelaniersfinest.com/

Why Staging Matters, Even in a Seller’s Market, From NAR “National Association of Realtors”

The Sheila Davis Group stages many of our homes using the services of an Interior Designer, Malinda O’Brien with White Dog Home.

(photos are from 3639 N River Rd, Gainesville which was staged, listed and under contract within 3 days!)

Homes may be selling faster, but the right style can help earn the highest ROI.

“Many homes are going under contract the first weekend they’re listed—and sometimes without any preparation for the market. Still, real estate professionals can’t promise sellers their property will stand out and receive the highest offers unless buyers fall in love with the home. That’s where staging makes a big difference! In what ways does staging capture buyers’ hearts for a successful, top-dollar sale? Let us explain.

Help Buyers Emotionally Connect -Staging is about showcasing an engaging, move-in ready home that creates an emotional connection with the buyer. Updating décor with on-trend, inviting style—particularly in living rooms, primary bedrooms, kitchens, and dining rooms—can make a memorable impression. Once engaged, buyers will be more committed and possibly willing to increase their offer, and they may be less likely to change their minds at the last minute or ask for concessions.

Eighty-two percent of buyers’ agents said staging helped their clients visualize the property as their home, according to the National Association of REALTORS® 2021 Profile of Home Staging.

Increase Perceived Value – With staging, you minimize the negatives and accentuate the positives of a property to make the best impression. Start by decluttering and depersonalizing to remove any potential distractions. Then, add a coat of neutral wall color to brighten the space, remove dated window treatments, and strategically arrange furniture and remove bulky pieces. These simple updates will help play up the home’s unique features and increase the perceived value.

More than a quarter of buyers are more willing to overlook property faults if a home is staged, according to NAR’s 2021 Profile of Home Staging.

Help Buyers Better “Visualize” a Vacant Home – There is no question that a dark, empty property will not get the same attention as one filled with on-trend, engaging furnishings and accessories. Not only does it instantly help buyers visualize their furniture in the space and how it will match their lifestyle, but it also creates a more spacious and inviting room.

Create Quality Online Images to Peak Interest – You only get one chance to make a first impression. Nearly all—99%—of millennial home buyers start their search online, according to NAR’s data. Even in a hot market, staging a photo-ready property can directly influence a buyer’s decision to see the home in person and submit an offer.

Stats Show Staging Is Worth the Investment – Staging is an investment that helps maximize the rate of return on the sale of the property—and usually costs less than the first price reduction. With an average investment of 1% of the sale price into staging, about 75% of sellers saw an ROI of 5% to 15% over asking price, according to data from the Real Estate Staging Association (RESA).

A recent survey from the International Association of Home Staging Professionals shows that staging helps sell homes three to 30 times faster than the nonstaged competition. Further, staging can help increase the sale price by up to 20% on average.

For sellers who decide not to stage, the IAHSP survey also shows that the average price reduction on a home was five to 20 times more than what the staging investment would have been.

(Originally published September 27, 2021)

NEW PRICE REDUCTION! 1957 River View Drive, Gainesville Lake Lanier lot Ready to build!

lake lanier lot for sale waterfront with dock slip

NEW PRICE REDUCTION! 1957 River View Drive, Gainesville 1.01 acre, 123 feet waterfront plus comes with a Covered dock space at the community Dock! Now $190,000, FMLS #7024100, Jennifer Anderson 770-356-2629 Build your Dream home here on this premium 1 acre lot that comes with a deeded covered single slip at the community’s boat dock. Located in North Hall’s Old River Pointe luxury lake subdivision, this lot offers 123 feet of lake frontage. The lot is in a private cul-de-sac of seven custom homes and offers vista views from either side of the bridge. Trees were left on the lot border for privacy. Conveniently located to downtown Gainesville, excellent public & private schools, Laurel Park, Atlanta Botanical Gardens North, Olympic Rowing Venue, Don Carter Park and more.

Lake Lanier Real Estate 1st Quarter 2022 Market Update

The spring lake market is fast paced! Don’t go it alone! Give us a call for expert help with selling or buying! Sheila Davis Group Lake Lanier Real Estate 770-235-6907

JUST SOLD on Lake Lanier: 2429 North Banks Cove! $799,000

JUST SOLD on Lake Lanier: 2429 North Banks Cove! $799,000, ? Congratulations to our Agent Jennifer Anderson and her Buyers from Minnesota on the sale of this Lake home! We have buyers wanting to move to Lake Lanier ? from all over the country. ??
If you are considering a ?move, would like a free home evaluation, or need help finding your next dream home, please give Jennifer a call at 770-356-2629, Our professional team would ❤️ to help you! or CONTACT US HERE

Just Sold – Lot in Lyonesse Estates with a dock $225,000

Just Sold on Lake Lanier in the exclusive Lyonesse Estates: 8420 Lyonesse Drive $225,000! Congratulations to our Agent, Stephanie Gillespie and her buyers on the purchase of this ready to build lot with a deeded boat slip!

The market is still ? hot and a great time to Buy or sell a home or lot! If you would like help buying your own piece of paradise on the Lake, contact Stephanie Gillespie at 770-654-4161??⛵️

LAKE LANIER OPEN HOUSE – SAT 8/14 12:00pm-2:00pm – 4422 Shellie Lane – South Lake

LAKE LANIER OPEN HOUSE – SAT 8/14 12:00pm-2:00pm – 4422 Shellie Lane, Oakwood – South Lake Lanier with private Dock, Come by & tour this terrific Lake Lanier home this Saturday sold with most furnishings! Spacious 5 bedroom, 3.5 bath + private dock $1,250,000, FMLS #6921486, call/txt agent- Stephanie Gillespie with questions 770-654-4161

Dreaming of lake home on the south end of Lake Lanier? You found it! This beautiful brick home with finished terrace level has a private deep- water dock tucked in a cove – close to everything but protected from heavy boat traffic. Situated on a nice street of fine lake homes, this well-maintained property is offered turnkey with most furnishings. Just a short, level walk to the dock w/ boat hoist and party deck! The protected cove is perfect for swimming and kayaking. Hop on your

boat to be at marinas and restaurants in minutes.

The home has a new roof, fresh paint on the main level and recently redone hardwood floors. Move in and call it home or use as a VRBO. Life on Lake Lanier is waiting!

SOLD! 5935 Nachoochee Trail, Flowery Branch $600,000

SOLD! 5935 Nachoochee Trail, Flowery Branch $600,000, Congrats to our Agent, Jennifer Anderson, and our Seller on the sale of this spacious home with a resort like backyard & gorgeous pool in the back!

If you would like help finding your next home or selling your current one, please give Jennifer a call at 770-356-2629 or 770-235-6907. We would

love to help you!

Just SOLD on Lake Lanier: 2731 Inglewood Drive, $975,000

Just SOLD on Lake Lanier: 2731 Inglewood Drive, $975,000. Congrats to our agent, Jennifer Anderson, and our Buyers on the purchase of this beautiful waterfront home with a private dock slip! If you would like help finding your own slice of paradise on Georgia’s Lake Lanier, give us a call at 770-235-6907 or message us here