Archive for April, 2010

Life after Tax Credits – Thomasville Homes for Sale

Friday, April 30th, 2010

After_Tax_CreditsThe government’s first-time and repeat-buyer tax credits gave homeowners with Thomasville homes for sale a lot of hope. The potential for getting their homes sold seemed infinitely higher. The credit expires today though, and many homes are still on the market. If yours is one of them, what should you do? 

Don’t Panic!

The first inclination for many homeowners with Thomasville homes for sale is to panic.  Often, it’s during the hard periods of life that something miraculous happens. You find the job of your dreams after searching for two years for any kind of job at all. Your life has been plagued by bad relationships so often that you’ve quit looking and then – out of nowhere – your soul mate walks up. You need to sell your house, money is tight, you might have to walk away… and a buyer appears, ready to close immediately. 

Don’t scoff; it happens. In fact, life is so full of “sudden happenings” that the miraculous becomes common. By allowing panic to get in the way, you may be locking the door that opportunity knocks on. 

Look At Your Options

Sometimes, we’re so full of worry that we miss obvious possibilities. Now is a perfect time to take a deep breath, clear your mind of worry (as much as possible) and look at what you’ve done to sell your home. Once you’ve outlined what you’ve done, you’re then free to look at what you can still do. Here are a few things you might not have considered: 

♦     Research owner financing – Owner financing opens the door to many potential buyers, but it also provides benefits to you. For instance, if you have a lot of bills that need to be paid, the down payment from the buyer may be enough to take care of the important ones. Additionally, monthly payments from the buyer may be enough to keep you afloat while you’re looking for a job, trying to pay rent or feed your family.  

♦     Create a “honey do” list – If you’ve lived in a home for several years, you’ve probably become used to cracks in the walls, peeling paint or squeaky doors. Invite an honest friend or your real estate agent to look around for you and help you create a “honey do” list. If you’re handy, a lot can be fixed with very low cost. If you’re not, hiring a handyman may be something to consider. 

♦     Reassess your marketing – If your home hasn’t had a single view and has been on the market for quite a while, you may not have the marketing reach you think you do. If pictures of your home are on the Internet, make sure they show the home’s best features.  Talk with your real estate agent about marketing techniques they recommend using. 

It’s hard to blow off worry during times of high stress. However, if you can step away for just a minute to clear your head and think, you just might find your miraculous answer for taking your home off the list of Thomasville homes for sale. 

If you’re ready to sell your home, We’re here to help.  Turn the marketing of your home and worrying about it over to First Thomasville Realty.  Call us today at 229-226-6515 or email info@FTRealty.com  for more information.

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Thomasville Real Estate, Buyers and Technology

Thursday, April 29th, 2010

Real_Estate_TechnologyTechnology has improved our lives over the last ten years, but it’s also caused some problems along the way for Thomasville real estate buyers. 

As a buyer, you naturally want to take advantage of every tool and service available to make it easier to find the home of your dreams. However, the Internet, which is one of the most common places for people to shop for Thomasville real estate nowadays, has also become a place where the unscrupulous hang out.  You can’t believe everything you read online, even when it comes to shopping for homes online

If you’re trying to find a home, here are two things you need to be aware of: 

Home Valuation Sites

Many potential buyers find an interesting home and then research the home value. This is commendable and just plain good sense. You want to make sure you’re not overpaying. Thanks to the Internet, we have sites like Zillow and Realtor.com that provide home valuations. 

The problem is that these sites hardly ever agree on the home value. They can differ as much as 20% or more. While home valuation sites are an excellent place to get a ballpark estimate, you shouldn’t base your buying price on their information alone. Hire a reputable Thomasville real estate agent who knows the surrounding area and recent sale prices. 

Dream Home or Nightmare

One of the best things to happen for real estate agents and sellers alike is the ability to post digital photos and walk-through videos of the homes they’re selling. This is also great for you, as the buyer, because you can view the homes without going anywhere. 

Unfortunately, many buyers take those images and videos at face value. Thanks to some high-tech graphics programs, however, you can’t guarantee that what you see is what you get. Videos and images can both be manipulated to show you the best face of any piece of property. 

Any time you see a home online that you’re interested in, it’s a good idea to check Google Maps and use the Street View option. At the very least, you can usually see the front and sides of the home. If you’re still interested, visit the home in person, or, if that’s not possible for some reason, ask your Thomasville real estate agent to visit the home and take pictures for you. 

If you’re trying to find your dream home, First Thomasville Realty can help. Call us at 229-226-6515 or email info@FTRealty.com  for more information.

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Thomasville Real Estate Do It Yourself Project: Staining Kitchen Cabinets

Wednesday, April 28th, 2010

Staining_ProjectYou’d like to remodel your kitchen, but like many Thomasville real estate owners, you need to do it as inexpensively as possible.  Consider cutting costs by staining the kitchen cabinets yourself.

Here’s the basic 4-step process to staining kitchen cabinets for your Thomasville real estate.

1.  Gather supplies:  120-grit and 220-grit sandpaper, wood conditioner, paintbrushes, tack cloths, rags, stain and polyurethane.  Some experts recommend water-based stain and sealer because they’re easier to work with, while others insist on oil-based products because of their durability.  Do some research to make the right choice for you. 

2.  Prepare the wood:  Using 120-grit sandpaper, lightly sand the wood in the direction of the grain.  This prevents scratches.  Remove all of the loose dust with a tack cloth.  Then sand the cabinets again, this time using 220-grit sandpaper.  This creates a smooth finish.  Remove all the loose dust with a tack cloth and apply a coat of wood conditioner to the cabinets.  Let it dry completely. 

3.  Stain the wood:  Brush on a coat of stain with a paintbrush following the grain of the wood.  Then take a rag and rub the stain into the wood using a circular motion. Finish the staining by wiping along the grain of the wood one final time to ensure an even finish.  Let the stain dry completely. 

4.  Seal the wood:  Apply two coats of polyurethane following the manufacturer’s directions.  Once you’ve sealed the cabinets, make sure you give them ample time to cure.

Staining the cabinets for your Thomasville real estate kitchen remodel can save you a lot of money.  Just be sure you take the time to do a quality job.  You’ll be living with the results for a long time, so make sure it looks good.

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Economists Predict Second Quarter Woes Fading for National and Thomasville Real Estate

Tuesday, April 27th, 2010

Economist_PredictionsGovernment support in the national and Thomasville real estate sectors is slowly being pulled back. For instance, the federal homebuyer’s tax credit expires this month and the Fed stopped purchasing mortgage-backed securities in March. These two changes in financial backing for the housing market are causing worry because people fear the expiring tax credit will cause a dramatic drop in sales. 

An important question right now is how much did the government support really help the national and Thomasville real estate markets and the economy? 

The Economy

Dean Maki, chief U.S. economist for Barclays Capital (New York) and one of the most accurate economic forecasters for the past 20 years, says the U.S. economy is on the rise. Many economists share Maki’s view:  We’re at the bottom and there’s no place left to go but up. 

The Fed Stops Buying Mortgage-Backed Securities

The largest hurdle for the real estate market came at the end of March, as the Fed finished buying up $1.25 trillion worth of mortgage-backed securities and taking care of housing-agency debt to the tune of $175 billion. However, strategists and economists conclude that the change won’t have a lot of impact; the central bank will be replaced by private demand. 

The Expiration of the Homebuyers Tax Credit

The second largest hurdle, the expiration of the homebuyers’ tax credit, might have a bigger impact if it had brought a huge sales increase. It didn’t, however, and the belief is that things will slowly improve with – or without – the credit. Although vacant housing rose to 2.09 million by the end of 2009 and foreclosures are expected to hit around 2.2 million this year, the number of new households may reach as high as 1.25 million. 

The Good News

Of the potential 1.25 million new households, almost 1 million are currently living with family members. With home sales gradually improving, economists predict that even a slight improvement in the job market will bring those 1 million households out of the woodwork to find a home. When this happens, the excess housing supply will quickly disappear

If you’ve been stuck, waiting to sell your Thomasville real estate, your home is part of the housing supply. With the housing market slowly improving, you may very well end up coming out on top within the next three to six months. 

If you’d like to sell your home, or buy a new home, we can help. Call First Thomasville Realty at 229-226-6515 or email us at info@FTRealty.com  for more information.

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Where Can I Find XYZ On the Thomasville Real Estate Market?

Monday, April 26th, 2010

Home_Search_On_The_WebIf you’re like me and other real estate agents, home sellers, homebuyers and homeowners, you’re always looking for a great resource for information on the Thomasville real estate market. You have questions and you want answers. 

♦     What are the mortgages like in this area?

♦     What are the current selling prices for homes?

♦     What’s a specific neighborhood like?

♦     Is there anything besides the economy affecting the Thomasville real estate market?

 For instance, you want to know current market trends. Are they stabilizing? Are things still sliding down hill? Is there a buying trend sellers can take advantage of to market their homes? While a professional real estate agent will help you sell or find a home, it doesn’t hurt for you to do some research on your own to become more knowledgeable. Who knows, you may come up with some ideas we haven’t thought of! 

So where can you find reliable information on the real estate market? On the Internet, there are thousands, perhaps millions, of informational sites. Below are just a few of our personal favorites: 

CNNMoney.com (real estate) – The information on CNNMoney.com has no bias in terms of convincing you to sell or buy. Where are home prices falling? Where are they strongest? What information do you need to know as a buyer or seller? From mortgages to pricing and market stability, you can find it here. 

RISMedia.com – If you can’t find it on CNNMoney, you can most likely find it on RISMedia. Home improvement, financing and foreclosure information are just a few of the topics. As well, because RISMedia is actually involved in real estate, you can find the latest market information. 

DQNews.com – DataQuick provides real estate data on a state-by-state basis or on a specific area. While the information can be a little technical for the non-real-estate-professional, if you want to know how the Las Vegas region is doing for home sales, or the average mortgage rates in Missouri, DQ can help. Depending on your area, you may have to pay for the data, but it’s fairly inexpensive and can give you great information. 

If you’re interested in the Thomasville real estate market in any way, bookmark this blog and the listed sites for easy reference. The more you know, the better you can prepare for upcoming trends, good or bad! 

If you’re trying to sell your home, or are looking for your dream home to buy, We can help. Call First Thomasville Realty at 229-226-6515 or email us at info@FTRealty.com  for more information.

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Thomasville Georgia’s Rose Festival

Friday, April 23rd, 2010

DSC00313Friday Events

 89th annual Rose Show ~ 1:30 p.m., Broad Street at Remington Avenue, Downtown Thomasville, ribbon cutting ceremony featuring Thomasville Rose Queen, Haley Caldwell and local dignitaries.

 4th annual Orchids on Parade ~ 9 a.m. – 3:45 p.m., inside the Genealogical Library at 135 North Broad Street, showcasing orchids grown by members of the Thomasville Orchid Society in a natural habitat (members will be on hand to answer questions), free admission.

62nd annual Rose Parade ~ 7 p.m., Broad Street, Downtown Thomasville, everyone loves a parade and this one is no exception!  Watch as Thomasville rolls out its “rose” carpet with colorful floats, marching bands, and much more!

 12th annual Street Dance ~ 8:30 p.m., immediately following the parade, intersection of North Broad and Jefferson Streets featuring The Swingin’ Medallions!  Get down and boogie with free admission – it’s fun for the entire family!

Saturday EventsRoseGrdSign

89th annual Rose Show ~ 10 a.m., Continues under the big top on Broad Street at Remington Avenue, hundreds of hybrid rose varieties and breathtaking specimens will be on exhibit from growers throughout the southeast.

 69th annual Civic Garden Club Flower Show ~ 10 a.m. – 4 p.m., under the big top in Paradise Park.  Enjoy beautiful roses, wild flowers and horticulture set to the theme of “Let’s Go To The Picture Show!”.

 4th annual Orchids on Parade ~ 9 a.m. – 3:45 p.m., Continues inside the Genealogical Library at 135 North Broad Street featuring exhibits showcasing orchids grown by the Thomasville Orchid Society in a natural habitat (members will be on hand to answer questions), free admission.

Art in the Park ~ 10 a.m.  – 4 p.m., Paradise Park, featuring arts, crafts, great food and children’s activities throughout the day.  Special performance by Navy Band Southeast at 12:30 p.m., Free Admission.

 Bark in the Park ~ 10 a.m. – 2:30 p.m., Paradise Park, lots of fun for dog lovers, bring your pooch and join in the fun!  (229) 228-0613.

 33rd annual Rose City 10K  Run and 31st annual 1 Mile Run ~ 8 a.m., in front of the Post Office on Broad Street.  Registration information can be obtained by calling (229) 226-9798.

 8th annual City of Roses Car & Truck Show ~ 9 a.m., around the Courthouse on North Broad Street, view award winning, and unique, cars and trucks.

 Rose City Golf Classic ~ 8 a.m., April 24 and April 25, at Country Oaks Municipal Golf Course, 36-hole, two-person, best ball tournament.  For more information visit online at www.countryoaksgolfcourse.org and register early by calling (229) 225-4333.

 Once Upon A Dream! ~ Performances at 2 p.m. and 8 p.m. at the Thomasville Municipal Auditorium.   Plantation Trace Dance Council presents an awesome collaboration of local artistic vocalists and dancers in an enchanting re-creation of the wonder of a world where hope and wishes can last for all time and love will save the day in Once Upon a Dream!  Tickets required, (229) 228-0334 or (229) 377-2800.

 Step into the Past, Thomas County Museum of History ~ Presentations and exhibits about Thomasville’s Victorian history and the Rose Show tradition, April 22, 23 and 24, tours at 10 a.m., 2 p.m., and 3:30 p.m., adults $5 admission.  For group reservations please call (229) 226-7664 or e-mail history@rose.net.

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How to Make Sure You’ll make it to Closing on Your New Thomasville Real Estate

Thursday, April 22nd, 2010

Closing_AttorneyYou’ve gotten your financing, your offer has been accepted and you just have to wait the few weeks until your closing date and your new Thomasville real estate is all yours. Nothing can go wrong, right? Wrong!

Technically nothing is likely to go wrong in that period of time, when it comes to the actual process of the property transfer. However, people often make critical mistakes that cripple their deals in that tense time right before closing.

Things You Shouldn’t Do Before Closing

Buy a new car: Don’t buy a new car or any big ticket item that might flag your loan company. Your credit will be continuously under review and your Thomasville real estate loan can be turned down at any time up until closing, even after it was accepted. Keep that in mind when doing anything that will impact your debt-to-income ratio.

Quit or change jobs: This will also look suddenly troubling to your finance company. Don’t give them any reason to change their minds. If you really need to switch jobs, hopefully it can wait a few weeks.

Move money around: Keep things as stable as possible during the weeks before closing. There are few things that can’t wait. Even if you had planned to move to a new bank, or buy into stocks or IRAs, but were delaying it in order to get your loan in the first place, don’t jump the gun now. Wait a few more weeks.

Take new credit card offers: No matter how attractive they are, don’t accept any new credit offers. In fact, you’ll probably get a glut of junk mail or email offers for new credit cards now that you have been approved for a big loan. Don’t do it. Wait until after closing, if you have any desire to take them. Your loan company will get nervous if you suddenly have the opportunity to build a lot of debt.

If you’re thinking of buying or selling Thomasville real estate, give us a call today at 229-226-6515 or email us at info@FTRealty.com .  First Thomasville Realty will help to guide you step-by-step through the entire process including your successful closing.

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Thomasville Georgia Rose Festival Events for Thursday!

Wednesday, April 21st, 2010

The 46 City 132nd annual Children’s Rose Bud Parade  kicks off at 7:00 p.m. on Broad Street in Downtown Thomasville.  The children of Thomasville are the stars in this annual event featuring hundreds of our area young people.

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First Impression May Be Your Last When Selling Thomasville Real Estate

Wednesday, April 21st, 2010

First_ImpressionsWhen people meet you for the first time, their first impression is usually a lasting one. You also never get a second chance to make that first impression when you’re selling your Thomasville real estate. You need to present your home at its very best all the time.

Here are 3 things you can do to make a great first impression:

1.  Clean up the yard: A messy yard is a distraction.  It can be time consuming to keep up with general yard work, but it’s worth the effort.  Overgrown shrubs, limp lawns, and general disarray can turn off a potential buyer. If you have to hire someone to come in and give your yard a quick pick me up, it’s worth the money.

2.  Get Rid of Items You Don’t Need: Be very strict about this and get rid of all but the bare necessities. You don’t have to throw or give everything away. Find a storage unit and put the things in there you will be taking with you to your new home but do not need immediate access to for now. 

3.  Fix Up the Little Things: Little things count. If you have a leaky faucet, a broken tile in the floor or a crack on the wall, now is the time to fix it.  Little flaws like this make potential buyers worry that there are bigger problems waiting to be found. 

Selling Thomasville real estate is a lot of work.  You can get it sold faster, easier and for the most money when you take the time to make a great first impression.

If you have any questions about what you can do to make your home sell faster, First Thomasville Realty can help. Call us today at 229-226-6515 or email info@FTRealty.com .

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Taking the Plunge and Buying Thomasville Real Estate Makes Perfect Sense

Tuesday, April 20th, 2010

Buying_Makes_SenseThere has truly never been a better time to think about buying a new home. The current economy has created a buyers’ market like never before. This works to your advantage, and the fact that the real estate market is recovering means that buying Thomasville real estate as a future investment is a smart move.

Consider New Construction

Builders are faced with unsold homes in developments and are willing to make deals. They are interested in all reasonable offers, and, especially if you have pre-approved financing, will negotiate with your real estate agent to give you better price and terms. It is in their best interest to get their existing homes sold.

Best Mortgage Rates in Current History

You can take advantage of the low mortgage rates to get fantastic payments on your new Thomasville real estate. These low rates won’t last forever, so if you have good credit and solid employment, buy now to make your new home truly affordable.

Tax Credits

If you or your spouse has never owned a home, or if neither of you have owned a home as a principle residence in the past 3 years, buying a home now makes financial sense. You will get a large tax rebate at the end of the year for making a home purchase now.  However, you must act immediately because you have to have a binding contract signed no later than April 30, 2010, and close on the home no later than June 30, 2010, in order to qualify for this first-time home buyer tax credit.

If you’re a repeat home buyer, you too might qualify for a tax credit.  Again, you must act fast.  The same dates apply for this repeat home buyer tax credit as for the first-time home buyer tax credit. 

Affordability and Availability

The market is wide open for buyers now, and finding the perfect home at a reasonable price is easier than ever before. Waiting too long can prove to be a very costly decision. The market is getting stronger and tax credits are coming to an end. Over the course of the next year, it will become increasingly more difficult to buy Thomasville real estate at prices and rates now available.

If you would like more information on the intelligence of buying a new home now, please call First Thomasville Realty today at 229-226-6515 or email us at info@FTRealty.com .  We look forward to talking with you!

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Make the Yard of Your Thomasville Home a Bird Paradise

Monday, April 19th, 2010

Bird_paradiseDo you enjoy watching birds?  Would you like to attract more of them to the yard of your Thomasville home?  Luckily, you can with the right setting.  Here are 3 steps to transform your landscape into a bird’s paradise:

Step 1:  Provide a food supply for your feathered friends.

One of the easiest ways to do so is through birdfeeders.  To ensure a throng of birds inhabits your landscape throughout most of the year, place birdfeeders in areas all over your Thomasville home’s yard.

Step 2:  Supply a source of water for birds to drink and bathe in.

Birdbaths are an easy solution and wide varieties are available.  Shallow basins or troughs will also do the trick.  However, since birds enjoy moving water, you may want to include a feature in your landscape that circulates water. 

Step 3:  Offer a safe shelter to perch and rest.

Birds want a place safe from the elements and predators.  Evergreen trees like cedar, pine and spruce are a good choice, as they allow birds to crawl into them and keep predators out.  Ornamental trees are another good choice that will not only provide shelter but perhaps even some food in the form of berries or insects.  Trees that birds find attractive include crabapple trees, flowering dogwood trees and Japanese snowdrop trees.

In addition to trees, you may want to provide birdhouses.  These also serve as shelter, as long as they are deep enough to protect the nest and have a small hole near the top and a cleanout panel.  The size of the hole and orientation to your Thomasville home determine what birds inhabit it.  To keep inhabitants comfortable and safe, place birdhouses in a quiet, shady spot and secure them firmly.

Turning your yard into a bird paradise takes some time and effort, but it’s all worth it when your landscape is flittering with feathered activity throughout most of the year.

Want to purchase a home with a yard that you can turn into a bird paradise?  First Thomasville Realty can help.  Call us now at 229-226-6515 or email us at info@FTRealty.com  for more information.

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6 Essential Spring Cleaning Chores to Make Your Thomasville Home Shine

Friday, April 16th, 2010

Spring_Cleaning_ChoresIf the thought of spring cleaning your Thomasville home doesn’t bring a smile to your face, you’re not alone.  To help you (and me) get going now, I’ve come up with this short list of the 6 essential, in my opinion, spring cleaning chores

1.  Store winter clothes:  It’s time to pack away your winter clothes. Coats, sweaters, and your heavy winter clothing need to be inspected, cleaned if needed and packed away.  Don’t skip the step of cleaning, or, when you get your clothes out of storage next fall, you might find that they’ve been damaged beyond repair by insects or set in stains.  Where should you store your clothes?  Somewhere clean, cool, dark and dry.   

2.  Wash window treatments:  Spring is the perfect time to inspect and clean the window treatments in your Thomasville home.  Clean window treatments brighten any room. Wash blinds, launder curtains that are machine washable and send drapes to the dry cleaners. While you’re at it, dust the window casing, wash window sills, and clean any window hardware.  You’ll be surprised at the huge amount of dirt and grime that a thorough window cleaning removes. 

3.  Clean carpets and upholstery: Deep clean fabrics that have absorbed a winter’s worth of dust and germs.  Shampoo your carpets; clean cloth furniture.  Open windows to speed the drying process, which can take a day or more. 

4.  Wash woodwork, walls, baseboards and cabinets: Even if your Thomasville home’s walls don’t look like they need cleaning, they do.  Just enough dust clings to vertical surfaces to warrant a seasonal bath.  Using a sponge and hand dishwashing detergent, wash the surface in sections to make sure you don’t miss a spot. 

5.  Clean light and ceiling fixtures: To clean your light fixtures, remove the light bulb and fixture if possible.  Wash glass fixtures in soap and water.  If the fixture cannot be removed from the ceiling, use a damp cloth to wipe it off.  Dry the fixtures.  Wipe the light bulbs with a rag.  The easiest way to clean your ceiling fans is to use a vacuum with a soft nozzle attachment.  

6.  Check your coils: Caked on dust can cause your refrigerator to overheat, so take the time to clean the condenser coil.   It’s usually found behind the toe grille.  Clean it with a long-handled bottle brush and a vacuum cleaner with an attachment hose.  If the condenser coil is on the back of your refrigerator, carefully pull the fridge out several feet and vacuum thoroughly.   

Put on your favorite music and start your spring cleaning.  It’ll be done before you know it.  Then you can relax and enjoy your sparkling clean home. 

Spring is also a great time to shop for a new Thomasville home, especially this year with the home buyer tax credits still available until the end of April.  Call First Thomasville Realty right away at 229-226-6515 or email us at info@FTRealty.com  to find out how you can get the $8,000 or $6,500 tax credit.

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Consider the Investment Value of Thomasville Real Estate

Friday, April 16th, 2010

Home Search FamilyIf the Thomasville real estate you are looking to buy is going to be your primary residence, you probably know the features that are important to you.  However, in today’s economic environment, the resale, or investment value, of Thomasville real estate is as important as the practical value of the number of bedrooms or bathrooms and the size of the kitchen.

In the past, a home buyer rarely worried about the resale value of a property because homes were always considered good financial investments. With today’s fluctuating home prices, property values are as important for home buyers to understand as they are for real estate investors to understand.

Location and Property Values

Before the housing and mortgage crisis, even if the home that suited you was not in a prime location, it would likely increase in value over time.  Now, you want to be sure you research a potential home before purchasing it to be sure:

1.  The home is in a great neighborhood.

2.  It’s at the lower end of the market value for that neighborhood.

If you buy a home in a neighborhood that is already considered a lower value area, it’s possible that those prices will not recover as quickly as better areas.   Or worse, home values could decline more leaving you with a home worth less than what you paid for it.

Now more than ever, it’s important to work with a real estate agent who specializes in the neighborhood where you’d like to live.  As specialists in Thomasville real estate, First Thomasville Realty can give you the insider’s scoop on that neighborhood.  Contact us today at 229-226-6515 or email us at info@FTRealty.com .

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2 Big Housing Trends That May Affect Your Home for Sale in Thomasville

Thursday, April 15th, 2010

Housing_TrendsThe real estate market is shifting toward some definite trends that may affect your home for sale in Thomasville.  Since 2006, the median cost of a home has dropped almost 30%. The good news, according Moody’s Economy.com, is that most of the nation’s metropolitan areas are expected to see less than a 5% drop in prices a year from now. Even better news, 10% are expected to see modest increases.  

If you have a home for sale in Thomasville, keeping an eye on the trends can greatly increase your chances of selling, no matter what the area. Here are two of the biggest trends: 

Trend #1:  Home Prices Staying Down

Home inventories are slowly creeping back up, and another 3 million distressed homes are expected to be foreclosed on this year. As well, one-fourth of current homeowners are now underwater with their mortgages, and 18% of borrowers are choosing to walk away. In short, stressors on the current housing market may very well push national median prices down another 5%, as mentioned above. 

How can I take advantage?

With the glut of foreclosed homes, they’re likely to be your highest competition.  That means competing in price could be disastrous. Instead, play up the advantages of your home. For instance, foreclosed homes may need a lot of fixing up.  To compete, make sure your home is inspected and fixed up before it’s listed. Once you know there aren’t a lot of problems add a one-year warranty for the buyer that covers fixes such as the furnace or water heater. It’s inexpensive and may very well make the difference in how quickly and at what price you sell your home. 

Trend #2:  Small Homes Selling Faster Than Large Homes

Larger, more expensive homes now have a 20-month backlog in inventory. They cost more and require a larger financial commitment. According to the National Association of Home Builders (NAHB), the median home size dropped from 2,300 to 2,100 square feet since 2007. 

How can I take advantage?

If you have a large home, don’t wait until prices dip further; put it on the market now. The major key to getting it sold now is price.  Keep the price competitive, and start out low enough so that you won’t have to drop the price more than once. This is a red flag for buyers. 

If you have a smaller home for sale in Thomasville, you’re already set to take advantage. People also want to lower their energy bills, which usually happens with a smaller home.  Market these advantages for a better chance of selling. 

If you want to sell your home, it helps to keep up with the housing trends and look at each one to see how you can take advantage of it. 

If you’re trying to sell your home, First Thomasville Realty can help. Call us at 229-226-6515 or email at info@FTRealty.com  for more information.

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March 2009 Agents of the Month!

Wednesday, April 14th, 2010

March 2010First Thomasville Realty congratulates our Agents of the Month for March 2010.

Pat Glenn was our Listing Agent of the Month.

Jeffrey Jones was our Selling Agent of the Month

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Getting Help for Moving Day after Buying Your Thomasville Home

Wednesday, April 14th, 2010

Moving DayWhew—you’re finished! You’ve signed all the forms and the race is won, you think. Okay, go ahead and sigh that huge gasp of relief that your Thomasville home is finally yours.

That’s enough. Now, get yourself up and realize the heavy work is about to start. Oh yeah, you have to move all that stuff you’ve managed to accumulate over the past however many years you’ve been alive. Stuff doesn’t ever die; it just continues to follow you around.  So, how do you get it to your new Thomasville home?  Here are a few ideas to help:

Send out invitations: You would do it for any other big event in your life. Send out invitations to your family and friends and invite them to help you on your big day. Make it sound like fun by promising a picnic in your new backyard either the day of the move or soon after. It doesn’t have to be a big complicated affair.  Order some take-out fried chicken or pizza and have plenty of beverages for sweaty, tired helpers.  Make it a real event that everyone can enjoy while laughing about the day’s adventures.

Store it:  If you’re like most people, you have plenty of things you rarely use but can’t bear to get rid of. Take advantage of the fact that you’ll be packing all your things, and put those items you never use into boxes and tote them to a storage unit. You get to keep them, at least for now, but they won’t be cluttering up your brand new Thomasville home.  In six months, if you haven’t missed the items, take the boxes (without opening them) to your favorite donation location.

Safeguard your pets: Moving day is hectic and can be frightening for your pets. Board your cats or dogs for the day. It will be worth the expense to make sure they don’t escape through doors propped open for moving.

Still looking for your dream home?  Give us a call today at 229-226-6515 or email First Thomasville Realty at info@FTRealty.com , and together we’ll find your dream home fast.

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Buying Thomasville Homes – Why You Might Not Want to Wait

Tuesday, April 13th, 2010

Low Interest RatesSurprising numbers of potential homebuyers are holding off on buying Thomasville homes. They see the housing prices drop and are waiting for them to go lower. They see the mortgage rates and are waiting for them to drop further. If this is you, you might want to rethink your strategy and take a real look at potential Thomasville homes.   

Here are two crucial reasons why you might not want to wait any longer: 

1.      Interest Rates on the Rise – Thanks to the Federal Reserve buying $1.23 trillion worth of mortgages, interest rates have been kept somewhere between 4.93% and 5.09% for a 30-year fixed-rate loan.  That’s about 0.4 % lower than it might be without the Fed’s help. However, by the end of 2009, the Federal Reserve had already started implementing a phase out of the mortgage program. With the Fed program closing at the beginning of this month, it’s not a question of whether mortgage rates will rise, but when, how much and how fast.  The experts don’t expect them to climb very high, stopping somewhere between 5.5% and 6% by the end of 2010.  

2.      Lower Home Prices – Home prices, predicted to drop another 5% in 2010, will also make some difference in overall cost. Putting the falling home prices together with the currently low interest rates, you still have a chance to get a great home at a great deal – for a little while longer. 

Instead of waiting for lower costs that may never come, consider where you are now: 

♦     Do you have good credit?

♦     Are you pre-approved (not pre-qualified) for a mortgage loan?

♦     Do you know how much home you can afford?

♦     Are you certain (or as certain as you can be) of your job stability? 

It’s very possible that the market will never be better than it is right now for buyers. It’s a buyers’ real estate market, with the scales tipped to make homeownership as cheap as it can get. If you can afford to buy now, but are waiting for things to get even better, reconsider – you might wait yourself into a market you can no longer afford! 

Ready to take advantage of this buyers’ market and purchase one of the Thomasville homes for sale?  We can help. Call First Thomasville Realty today at 229-226-6515 or email us at info@FTRealty.com  for more information.

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Buying or Selling Green Thomasville Real Estate

Monday, April 12th, 2010

Green Real Estate“Going green” can mean something as simple as using recyclable paper bags from the grocery store to something as complex as buying green Thomasville real estate.  A greener world is a dream for many people. Even without promotions pushing consumers towards healthier choices and better living, a shift in consumer minds has begun. 

What does this have to do with Thomasville real estate? Simply this:  If you’re a buyer trying to find a green or energy-efficient home, you may be surprised to learn that you could run into some difficulty.  And, if you’re selling your green home, you may not get the results you expect. 

The Problem with Green

Energy-efficient and green homes are still a fairly new market. In fact, it’s still considered a niche market. This not only affects prices; it also affects appraisals. 

Green Sellers

If you own a green home and are now trying to sell it, you and the appraiser may have a fight on your hands. For example, new regulations passed down over the past year say that loan originators can’t ask for appraisers experienced in green building evaluation. What this means is that you may very well get an appraiser who knows nothing about the value of green homes or green home improvements. 

As well, some appraisers base their evaluations on foreclosed homes in the area. 
Depending on how hard hit the area has been by defaults, this could severely affect your appraisal.

Even if the appraiser understands green building and wants to give a fair home appraisal, they may not be able to assign full value for the green enhancements, because the market won’t support it. In other words, you may not get back what you put into the home when you sell it. 

Green Buyers

Somehow, buying a green home has become as difficult as selling one. Sometimes, the issues don’t make sense in light of the difficulties sellers may have. For instance, the seller may have to take a cut in price when they sell. However, strangely enough, the buyer may end up having to pay more for a green home. 

Often (and, again, because many don’t appreciate the value of a green home) the appraisal will come in for less than the home is actually worth. This means that the bank, which has agreed to pay a certain percent for financing, will only cover the percentage based on the appraisal. This leaves the buyer having to make a larger down payment than they might otherwise. 

If you’re looking for green Thomasville real estate or trying to sell your green home, have your real estate agent negotiate for you before throwing up your hands. Remember that buyers and sellers both have issues with green homes. Be willing to discuss and negotiate so everyone walks away happy. 

If you’re trying to find an environmentally friendly home or have one you’d like to sell, First Thomasville Realty can help you avoid these problems. Call us at 229-226-6515 or email info@FTRealty.com  for more information.

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National Open House Weekend – Sunday Open Houses from 2-4 pm

Sunday, April 11th, 2010

open_houseSunday, April 11th from 2:00 – 4:00 pm

  1. Peacock Pointe – Colleen Phelps
    1. 134 Shepards Way - #566310
    2. 132 Shepards Way – #599101
    3. 115 Shepards Way – #702207
    4. 122 Shepards Way – #900180
    5. 138 Shepards Way - #900352
    6. 140 Shepards Way – #900353
  2. 304 Madison Grove – Jeff Jones – #829005
  3. 233 Torrington Avenue – Jeff Jones – #900535
  4. 111 Pepperdine Court – Jeff Jones – #900320
  5. 201 Madison Grove – Jackie Jones – #587550
  6. 211 Northfield Drive – Linda Chastain #900448
  7. 116 Northfield Drive – Tara Wentworth – #527830
  8. 388 Summerhill Road – Pam Wright – #538872
  9. 286 Bellingham Drive – Pat Glenn – #900623
  10. 37 Meander Trace – Donna Jenkins – #900064
  11. 529 Ernest Street - Carey Sewell – #900497
  12. 1406 Millpond Drive – Fran Milberg – #898564
  13. Jamestowne at Madison Grove – Kathy Palmer

 

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National Open House Weekend – Saturday Open Houses from 2-4 pm

Saturday, April 10th, 2010

open_houseSaturday, April 10th from 2:00 – 4:00 pm

  1. Peacock Pointe – Colleen Phelps
    1. 134 Shepards Way - #566310
    2. 132 Shepards Way – #599101
    3. 115 Shepards Way – #702207
    4. 122 Shepards Way – #900180
    5. 138 Shepards Way - #900352
    6. 140 Shepards Way – #900353
  2. 8701 Springhill Road – Pam Wright – #899913
  3. 111 Nottingham Way – Susan Bennett – #672331
  4. 124 Pheasant Ridge – Pat Glenn – #900699
  5. 1317 Gordon Avenue – Carey Sewell – #900754
  6. 304 Madison Grove – Jeff Jones – #829005
  7. 233 Torrington Avenue – Jeff Jones – #900535
  8. 111 Pepperdine Court – Jeff Jones – #900320
  9. 201 Madison Grove – Jackie Jones – #587550
  10. 211 Northfield Drive – Linda Chastain #900448
  11. 116 Northfield Drive – Tara Wentworth – #527830
  12. 249 Timber Ridge – Donna Jenkins – #900633
  13. 94 Pine Hollow- Kathy Palmer – #876463
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