New on the market with fabulous panoramic lake views and the BEST Sunsets on Lanier! 7180 Lawson Drive, Gainesville/Forsyth County, FMLS #6937407, offered at $3,750,000, Sheila Davis 770-235-6907
Just Sold on Lake Lanier: 1177 Antioch Campground Rd, Gainesville in the Chattahoochee Country Club area. Congratulations to Sheila Davis Agent, Stephanie Gillespie & her Seller on the sale of this terrific Lake home with private boat dock. You can reach Stephanie at 770-654-4161 for help with buying or selling a home or property or https://www.sheiladavisco.com/norton-agency-lake-lanier-homes-contact/ Sellers, we have buyers waiting for homes to come available! It has never been a better time to Buy or Sell a home!
Congratulations to Sheila Davis Group Agent, Jennifer Anderson on the sale of 6550 Misty Harbour Court, Flowery Branch to help her Buyers move to their new Lake Lanier home! You can reach Jennifer at 770-356-2629 or our main # 770-235-6907. We are more than happy to help you sell your current home to get you moved to the Lake Life! Contact us today for a free home evaluation and let’s get the process started!
Just sold on Lake Lanier sold! 6618 Club View Court, Flowery Branch $910,000 FMLS #6623197, Congrats to the new owners , and to Sheila Davis for representing the seller of this gorgeous lake home.
If you are considering either buying or selling on Lake Lanier in 2020 – Give our professional team of Lake Agents a call for a consultation 770-235-6907 https://www.lakelaniersfinest.com/
If you are thinking of joining the 100’s of Lanier Homeowners who enjoy these awesome lake views & lifestyle – Give us a call! 770-235-6907 The Sheila Davis Group is a dedicated and experienced Lake Lanier Team. WE KNOW the LAKE & BUYING & SELLING LAKE LANIER PROPERTIES! #LakeLaniersfinest, https://www.sheiladavisco.com/
While mortgage rates have risen in the last year, experts say 2017 will still see strong home sales as job growth continues and people who’d been waiting to enter the market take the plunge into home ownership.
To attract buyers in any season — and sell for a good price — sellers need to show their homes in the best possible light. That means cleaning up the interior and exterior, removing personal items that could distract potential buyers, adding a fresh coat of paint, and deciding which upgrades and repairs will deliver the best return on investment.
But for those hoping to close in the next few months, there are some more specific things experts say sellers need to know: Low housing inventory is driving demand, but buyers are still being more selective than sellers might expect. Millennials are finally buying their first homes, and that means starter properties are selling faster than in recent years.
Of course, real estate is a hyper-local industry, so national trends may not hold true in all markets. A real estate agent can help you understand what buyers in your area are looking for and how to appeal to them.
This season is expected to be an extremely good time to be a seller, said Lawrence Yun, chief economist and senior vice president of research for the National Association of Realtors.
“This year in the spring buying season, things have intensified with more buyers and fewer sellers than last year,” he said.
This high-demand, low-supply environment means sellers will see a lot of foot traffic from eager buyers and, if the home is priced correctly for the local market, they could get multiple offers.
This trend looks like it will continue despite rising mortgage rates, Yun said, as job growth and the U.S. economy as a whole remain strong.
One reason for the increased housing demand this year is that millennials — many of whom have been reluctant to dip their toes in the real estate water due to fears about their job security, high levels of debt and other factors — are now ready to become homeowners, said Svenja Gudell, chief economist for Zillow.
“We’re seeing a lot of demand for entry-level homes and things that are a little less expensive, as many millennials and first-time buyers are very active,” Gudell said.
While starter homes are in high demand and will likely sell more quickly, Yun said pricier homes are selling more slowly.
“Inventory on the upper price ranges — $500,000 and over — these are staying on the market longer than other price categories,” he said.
When you decide to list your home this spring can impact how quickly it will sell. Zillow conducted a study of listings in markets across the country and found that, nationwide, homes listed between May 1 and May 15 sold an average of nine days faster and for an average of 0.8 percent more than homes listed at other times. In most markets, listings posted on a Friday or Saturday performed best.
“These times differ from one market to the next,” Gudell said. “It’s spread over March, April and May, and warmer markets will start earlier. Markets with deep, snowy winters tend to start a bit later.”
Skyrocketing home prices in coastal metro areas like New York, San Francisco and Los Angeles, combined with rising mortgage interest rates, are making those areas less appealing to homebuyers, Gudell said.
“It used to be in San Francisco that something came on the market and buyers would just throw money at it, but that’s not happening anymore,” she said. These buyers are now turning to areas Gudell referred to as “secondary markets:” smaller cities such as Nashville, Tennessee, Tampa, Florida, and Milwaukee, Wisconsin, where lower starting prices mean homebuyers can afford to pay higher mortgage interest rates.
Just because buyers are ready to snap up low-priced starter homes doesn’t mean they’re willing to settle, said Realtor Mary Dykstra, owner/partner at MKB Realtors in Roanoke, Virginia.
“They’re unwilling to buy anything that needs too much work, so you have to put out a good product” when marketing your house, Dykstra said. This means making small improvements to help your house stand out to potential buyers.
Homeowners, especially those with more dated decor, often feel that they’ll need to do a big renovation before they put their homes on the market, but these projects may not generate enough of a return to be worthwhile.
“You can do a lot through smaller projects,” Dykstra said. “You don’t always have to do something big like redoing your bathroom.”
According to a recent National Association of Realtors report, sellers only recoup about 58 percent of their investment on a bathroom renovation. However, those who put a new roof on their homes recouped 105 percent of their investment.
Dykstra said that new windows and other smaller, energy-efficient upgrades also make great selling points.
A fresh coat of paint can be a quick, easy and inexpensive way to update your home and push up the sale price, Gudell said.
Zillow found last year that certain paint colors can have a big impact on how much you get for your home. For example, the study found that homes with yellow kitchens sold for about $1,400 more than homes with white kitchens. While a mauve, eggplant or lavender dining room raised sale prices by $1,122 on average, a dark gray dining room lowered it by $1,112.
While smart-home tech is trendy, it may not be worth the investment, Dykstra said.
“It hasn’t caught on yet in a way where we can quantify its value to the home with a dollar amount,” she said. “It’s still in the gadget stage where people go, ‘Oh, that’s nice,’ but not everyone is ready to have internet-connected everything.”
Save the smart-home upgrade for your new home, where you’ll be able to appreciate your own investment.
Dykstra stressed that the most important thing for sellers to do in any season is to present a clean, tidy home where buyers can really envision themselves living.
“Younger buyers are more zen-like in what they’re attracted to,” she said. “They want something out of Pottery Barn or other modern catalogs, so give them a clean palate by putting your personal things away.”
Dykstra recommends removing personal trinkets — which can make a room look cluttered — and tidying up your exterior too.
“Spring shows properties at their best when trees and flowers are blooming, so make sure your lawn is tidy and you don’t have any fall leaves blown up against your door,” she said.
written by MONEYWATCH March 13, 2017, 6:00 AM http://www.cbsnews.com/media/9-things-to-know-about-selling-a-home-in-spring-2017/ CBS
selling a home this spring? you had better get ready.
School is back in session, the holidays are right around the corner, you might not think that now is the best time to sell your house. But with inventory below historic numbers and demand still strong, you could be missing out on a great opportunity for your family.
Here are five reasons why you should consider selling your house this fall:
1. Demand Is Strong
The latest Realtors’ Confidence Index from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase… and are in the market right now!
Take advantage of the buyer activity currently in the market.
2. There Is Less Competition Now
According to NAR’s latest Existing Home Sales Report, the supply of homes for sale is still under the 6-month supply that is needed for a normal housing market at 4.7-months.
This means, in most areas, there are not enough homes for sale to satisfy the number of buyers in that market. This is good news for home prices. However, additional inventory is about to come to market.
There is a pent-up desire for many homeowners to move, as they were unable to sell over the last few years because of a negative equity situation. Homeowners are now seeing a return to positive equity as real estate values have increased over the last two years. Many of these homes will be coming to the market this fall.
Also, as builders regain confidence in the market, new construction of single-family homes is projected to continue to increase over the next two years, reaching historic levels by 2017. Last month’s new home sales numbers show that many buyers who have not been able to find their dream home within the existing inventory have turned to new construction to fulfill their needs.
The choices buyers have will continue to increase. Don’t wait until all this other inventory of homes comes to market before you sell.
3. The Process Will Be Quicker
Fannie Mae announced that they anticipate an acceleration in home sales that will surpass 2007’s pace. As the market heats up, banks will be inundated with loan inquiries causing closing-time lines to lengthen. Selling now will make the process quicker & simpler.
4. There Will Never Be a Better Time to Move Up
If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by 5.3% over the next year, according to CoreLogic. If you are moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage payment) if you wait.
According to Freddie Mac’s latest report, you can also lock-in your 30-year housing expense with an interest rate around 3.46% right now. Interest rates are projected to increase moderately over the next 12 months. Even a small increase in rate will have a big impact on your housing cost.
5. It’s Time to Move On with Your Life
Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should?
Only you know the answers to the questions above. You have the power to take control of the situation by putting your home on the market. Perhaps the time has come for you and your family to move on and start living the life you desire.
That is what is truly important.
We, at the Sheila Davis Group, would love to help you sell your home or assist you in finding your dream home. Please give us a call for a no-obligation market analysis, 770-235-6907.
With the beginning of each new year comes an anticipation of what is ahead and here in the office of Sheila Davis and Company we are definitely doing our share of that. 2016 looks promising as things have gotten off to a running start. While we look forward to 2016 we can’t help but take one last look in our rear view mirror at the highlights of 2015.
Sheila Davis and Company had the honor of being involved with three of the top ten selling houses on Lake Lanier in 2015! We closed on three of our listings representing $5,000,000 in sales. Our listings represented in the Top Ten for 2015 were:
9085 Bethel Road, Gainesville, Georgia (Forsyth County)
This six bedroom, six bath home sits on 1 acre
This four bedroom, four bath home sits on 3 acres
This six bedroom, five bath home sits on .52 acres.
As we take this quick look back at 2015 we are proud to have been a part of these sales and others which have propelled us into the position we enjoy as Lake Lanier Leaders. We appreciate all of our buyers and sellers and look forward to another great year selling lifestyles on Lake Lanier!
Lake Lanier’s Finest