It is a popular misconception that banks are often accepting half of what they are asking.
This is not the case. The reality is that banks often list homes at half of their former value. Banks only accept offers that discounted on select properties that have been on the market for quite some time.
When foreclosures are listed the properties have been appraised and thoroughly inspected and the banks are quite aware of all repairs needed.
The prices reflect these factors. Sometimes for one reason or another a bank will price a property well below market value to move it quickly. Usually these properties receive multiple offers within a few days of the listing date.
The art of finding a good deal is in watching the market closely on a
To understand the effects of mortgage rates, we have to first understand how they work. Mortgage rates are based off of Mortgage Backed Securities.
Mortgage Backed Securities (MBS) are basically investments in mortgage loans. MBS’s represent mortgage bonds and are made up of pools of mortgages. MBS’s are traded just like stocks and their value fluctuates on a daily basis. Rates are constantly changing just like stocks. Throughout a trading day, rates are changing up and down.
In January of 2009 The Federal Reserve announced that they would buy up $500 billion dollars in Mortgage Backed Securities.
This would drive mortgages rates down, which it did. Then in March of 2009 The Fed realized that they will need to keep rates low, much longer, so
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The NorthGaLife.com Team is seeing more buyer activity. It seems that the Alabama Gulf Coast vacation market locked up much sooner than the Atlanta metro area and also is coming out of that lockup a little sooner. More than likely this is the difference in buyer behaviors for primary homes versus vacation / second home buyers.…
Laurel Springs is a gated community located in Suwanee on 630
acres of rolling hills that was once farmland.
Laurel Spring's 800
homes are mostly traditional, and are set against a country backdrop
with abundant natural beauty combined with immaculate landscaping.
Equidistant from both I-85 and GA400, this community is conveniently
located yet still feels like a getaway. The Fulton county location
also affords residents an attractive tax rate.
Winner if the "Best Amenities" nod from the Greater Atlanta
Homebuilder's Association, Laurel Springs has no shortage of things to
Homes are priced from the $300s to over $1 million and are on
large lots for a community of this type (from 1/2 to 1 acre.) Laurel
Springs has five neighborhoods,…
Vickery, located in Cumming, embodies the concept of "live,
This community is practically a town in itself, utilizing
mixed use zoning to offer its residents shopping, dining, and
recreation just steps from their front doors. Recognized by the
Georgia Homebuilder's Association as "Community of the Year" in 2006,
Vickery continues to live up to this golden standard. With a mix of
single family homes, townhomes, and condos, Vickery truly has something
for every buyer. The 600 homes are priced from the $300s to over $1
Vickery was designed with 75 acres of public greenspace, offering
its residents parks, gardens, and fishing ponds to share and enjoy.
Located within walking distance to a newly built elementary and…
Polo Golf and Country Club is located in Cumming, GA in a
beautiful wooded area close to Lake Lanier.
Only 35 minutes north of
I-285 and 2 miles form GA400, Polo feels like it is a world away, yet
has a very short commute time to Atlanta. The 1100 homes in Polo are
mostly traditional and are priced from the $300s to well over $1
million. Polo Golf and Country club also offers one of the most
affordable golf memberships in the metro Atlanta area.
The private Joe Lee designed golf course is 18 holes and offers
its members a two tier driving range and 10,000 square foot putting
green to practice on.
True to its name, Polo is the home to the
Atlanta Southeast Polo Club and is host to many polo matches.
Horseback riding and lessons are also…
Windermere Subdivision is located just off of GA 400 North in Cumming, GA.
The community is
one of the fastest selling golf community in Forsyth county. You have
the majestic setting of a country with a short drive to the North Ga
mountains and just minutes from Lake Lanier. This community offers all
the comforts that one could want to raise their families.
Windermere Homes range from the $300k-$900k.
Each home is uniquely designed
in the Traditional Craftman style homes. Most of the homes offers
keeping rooms, granite counter tops, gourmet kitchens, and large master
suites. Some of the amenities include 12 Lighted Tennis Courts, 12
Holes of Championship Golf, Amphitheater, Park, Playground, and Aquatic
The surrounding area has…
Lake Lanier is the largest lake in Georgia with over 690 miles of
shoreline and over 100 small islands.
In 1996, Lake Lanier was host of
the Olympic Games rowing competition. Lake Lanier is world famous for
fishing and sailing. Aqualand Marina is the largest inland marina in
the world. Water skiing and jet skiing are popular activities on the
The U.S. Army Corps of Engineers manages the shoreline of Lake
Lanier to preserve and protect the lake’s environment and at the same
time provides a balanced use of the lakeshore. The corps operates 46
parks around the lake for boat launching, picnics, hiking and swimming.
Lake Lanier Islands is a 1,200 acre resort with campgrounds, an
equestrian center and a breath taking lakeside golf course. The