Posts Tagged ‘Home Buyers Tips’

3 Things You Need to Know About the Mortgage Payment for Your Thomasville Home

Friday, September 3rd, 2010

mortage payments

When you look for a mortgage, you want to find one that allows you to buy the biggest house possible for a monthly payment you can afford. This seems simple enough. All you need to do is a little division to determine your monthly payment.

Unfortunately, this isn’t the entire picture of your monthly mortgage payment, and lenders don’t always explain this to you. Here are three things you need to know about your monthly mortgage payment for your new Thomasville home:

1.  Interest and Principal. Only part of your monthly mortgage payment actually pays down your loan. A portion of your mortgage payment goes toward your loan principal and part of it pays the interest. The longer you have your loan, the more money goes toward your principal. Be aware that at the beginning of your loan term, most of your payment goes toward interest and does little to reduce the amount of money you owe on your home.

2.  Homeowner’s Insurance and PMI. Typically, your lender collects money to pay your homeowner’s insurance premium. This increases the amount of your monthly payment and can change if your insurance company raises or lowers premiums. Depending on your loan amount and property value, you may also have to pay private mortgage insurance (PMI) which protects a lender against loss if you default on your loan.

3.  Property Taxes. In most cases, your annual property taxes will be paid through your lender. The lender collects extra money each month that they pay to your local government at the end of the year. When local taxes increase or decrease, so does your payment.

Call First Thomasville Realty today at 229-226-6515 or email us at info@FTRealty.com  to help you find the home (and mortgage provider) of your dreams.

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How Buying Thomasville Real Estate is Like Running a Marathon

Wednesday, September 1st, 2010

MarathonIt’s true.  There are a lot of parallels between buying a piece of Thomasville real estate and running a marathon.

The Starting Line

At first, there is excitement. The idea of buying a new home pulses in your veins and you can’t wait to get started.  You’re like a runner in the blocks just itching to begin. Your muscles twitch in anticipation with every piece of Thomasville real estate you see. That’s when the real adrenaline rush kicks in.

Start Out Slowly

Keep to a steady, consistent pace and you’ll make it to the finish line.  There’s so much to do before you can get your Thomasville real estate. Home appraisals, inspections and financing to apply for…

You start to think about all the ‘what ifs,’ like what if you don’t get the financing, what if something goes wrong, what if… goes on forever.

Stay Mentally Tough

Don’t give into periods of self-doubt. Remember all that you’ve done and have faith in yourself and your real estate agent. Think about how hard you’ve worked and how rewarding it will be when you’re in your new home.

Hit the Wall

You feel like you simply can’t go on any more and the ordeal is never going to end. Your mind hurts from the strain, but you keep pushing onward because it’s the only direction you can go after coming so far.  Remind yourself that you’ll get past this feeling.  Keep day dreaming about that finish line.

Breakthrough Bliss

Suddenly things begin to happen.  Home inspection reports come back.  Financing is approved.  You begin to breathe easier, the pain goes away, and you are sailing free and clear toward the finish line.

The Finish Line

You sign all the papers at closing and the keys are placed in your hand.  Congratulations!  You’re a winner.

When you’re ready to buy a home, First Thomasville Realty can help you from start to finish.  Contact us today at 229-226-6515 or email us at info@FTRealty.com .

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Buying a Home with a Thomasville Real Estate Agent

Friday, August 20th, 2010

FTR Master March 2010If you have never purchased a home before, you may not yet recognize how crucial it is to acquire the services of a professional Thomasville real estate agent.

Buying a home will probably be the most expensive purchase you ever make.  Therefore, you undoubtedly should consider enlisting the help of a REALTOR® who has experience, extensive knowledge of the area and integrity. 

Benefits of using a professional Thomasville real estate agent

Having your own buyer’s agent to walk you through the entire home buying process saves you a lot of time and stress, as well as money.

You decide:

♦    Size of home desired
♦    Style preferred
♦    Location
♦    Price range

That’s easy!  With this basic information, your agent begins the hard part: searching for the perfect home for you and successfully guiding you through the purchase process.

Your agent helps with:

♦    Generating a small defined list of good choices
♦    Forming a realistic budget
♦    Financing
♦    Determining what a home is really worth
♦    Making offers for you
♦    Negotiating with the seller
♦    Alleviating stress that’s a part of any transaction of this magnitude
♦    Overseeing your home inspection
♦    Renegotiating any problems found in the home inspection
♦    Explaining and demystifying taxes, interest, and other particulars
♦    Finalizing all the paperwork and details with the lender, seller and title company
♦    Closing on the sale

All the hours your agent invests assisting you and making sure your best interests are looked after financially, legally and emotionally are well worth the real estate commission he or she receives after you finalize your purchase.  And typically, as the buyer, you don’t pay the commission.  The seller pays it!

Where to find a professional Thomasville real estate agent

We specialize in helping people just like you buy homes.  Let’s get started!  Give First Thomasville Realty a call today at 229-226-6515 or email us at info@FTRealty.com .

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5 Reasons Thomasville Home Sellers Reject Offers

Monday, August 9th, 2010

Reject_OffersRejection is a hard thing to face in life, whether it’s from a potential client, a potential boss or a potential home seller.  As a Thomasville home buyer, your stress level might be reduced if you’re aware of some of the reasons a seller may reject your offer.

Before we give you the list of reasons, We’d like to mention that even if you and your buyer’s agent do everything right, the seller may still reject your offer.  It frequently has nothing to do with you.

With that said, here are 5 common reasons sellers reject offers on their homes:

1.  The offer wasn’t enough for them to pay off their mortgage. For most sellers, the bottom line is paying off their mortgage. If your offer won’t cover the mortgage, they cannot accept it.

2.  They may have just been testing the waters to see what they can get for their home.

3.  Their plans may have changed. People put their homes on the market because they need to move, they want to upgrade their home, or they can no longer afford their Thomasville home. If the circumstances change, they may not need to sell their home.

4.  Their deal may have fallen through. Perhaps your seller was buying another house contingent on the sale of their property. If something went wrong with that deal, they may not be able to sell their Thomasville home to you.

5.  You may be asking too much of them. The seller may not have the time or money to make any repairs they think are insignificant. Perhaps you want to close too soon or would like to move in to the home before closing.

Don’t get depressed when a seller rejects your offer. There may be many reasons for their refusal.  Help your real estate agent develop a counter offer, or move on to a new opportunity.  There are a lot of homes on the market.  You may be pleasantly surprised when you start looking again and find a home that fits your lifestyle even better.

When you’re ready to buy a home, We can help you find a great home and negotiate to a successful “Yes, we’ll accept your offer.” Call First Thomasville Realty today at 229-226-6515 or email us at info@FTRealty.com to get started.

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4 Tips for Buying Thomasville Homes for Sale

Friday, August 6th, 2010

Buy_A_HomeWe, meaning the real estate industry, say, “It’s a buyer’s market!”  Buyers think that means that deals are available out in the big wide world of Thomasville homes for sale. Although that’s true, it’s not the whole truth. The whole truth is that money pits, bad deals and half-hearted sellers still exist. Without careful consideration, you may not get the deal you expected.

If you’re in the market for one of the Thomasville homes for sale, follow these tips to help you get a great deal:

1.  Go back to school. In other words, do your homework. Yes, due to the buyer’s market, you have an advantage, but you still need to do your research.  Talk with a real estate agent who specializes in the area and look at the prices of homes sold within the past year. The main point of the research is to find out how much homes are actually selling for in the area in which you want to live, and to determine if you can afford to buy there.

2.  Line up the home team. Be prepared to jump on a deal as soon as you find it. Get pre-approved for a mortgage. Gather your real estate agent, home inspector and insurance agent. By having this team of real estate professionals on hand, the transaction will be smoother and faster.

3.  Look for motivation. There are motivated sellers and not-so-motivated sellers who just “think” they “might” want to sell if “the right buyer” comes along (quotes are so handy, aren’t they?). You don’t have to guess which is which, however. Has the price been reduced? Is the home vacant? These clues lead to a motivated seller, willing to genuinely negotiate to get the home sold.

 

4.  Don’t buy angry. One of the worst mistakes a buyer can do is to get into a war with the home seller. Emotions grab hold and you find yourself in a fierce competition based on who’s going to WIN WIN WIN! If you find yourself in this situation, learn how to negotiate and listen to your real estate agent’s advice. If you don’t, your great deal can turn into a big mess.

 

There are plenty of Thomasville homes for sale out there and great deals to be had, but being cautious is the best way to get the best deal.

 

Are you a motivated seller or a buyer looking for a great deal? First Thomasville Realty can help. Call us now at 229-226-6515 or email info@FTRealty.com to get started!

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Closing Deadline Extended for your Thomasville Real Estate

Wednesday, August 4th, 2010

Tax Credit ExtendedIf you’re in the middle of buying Thomasville real estate, for which you’re hoping to get a Homebuyer Tax Credit of up to $8,000, you have more time to finalize it.  

After a close brush with the deadline, Congress passed a 90-day extension of the Homebuyer Tax Credit closing deadline.   The extension applies only to buyers who have written, binding contracts in place as of April 30, 2010. The new closing deadline is now September 30, 2010.  

Extending the tax credit closing deadline will provide additional stability to Thomasville real estate and real estate markets nationwide.  Additionally, the National Association of REALTORS® (NAR) estimates that this new extension will help about 180,000 to 200,000 homebuyers who already signed purchase agreements and were likely to miss the June 30 deadline.

Those are two of the reasons the NAR worked closely with Congressional leaders on both sides of the aisle to get this extension approved.  Voter pressure on House members also helped to push this bill through.

Have questions about the Homebuyer Tax Credit or any other questions about Thomasville real estate?  Give First Thomasville Realty a call today at 229-226-6515 or email us at info@FTRealty.com .  We’re happy to help.

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Thomasville Condos vs. Houses: Which Should You Choose?

Wednesday, July 28th, 2010

The Mitchell HouseThomasville condos or houses:  that is the question!

You may be thinking of getting a home but wondering how much space you really need. If you opt to look at houses, your choices are vast.  Houses, both large and small, are abundant in today’s real estate market.

Even though Thomasville condos are typically smaller than most houses, there are large condos available (even condos larger than houses).  And, just like traditional houses, there are a lot of condos available in this buyer’s market.

So, how do you choose?  Your selection should be based on your current and near-future needs.

 

Let’s demystify the differences and clarify your selection:

Space: Is your family large?  Are you planning to add many more?  Do you work from home?  Consider your plans for the next 5 to 7 years, and buy the size that fits those needs.

Price: Condos can be more affordable, especially the smaller ones.  But, with condos you have to pay condo association fees.

Location: If you want a condo with a great view, close to work, for example, prepare for a premium.  Conversely, many homes with great yards and neighborhoods are quite affordable.  Not choosy?  Competitive pricing awaits you with either choice!

Luxury: Lavish Thomasville condos, much like ideally-located ones, are often steeply-priced.  Luxury houses are expensive, too.  The good news is that whichever style of housing you choose, you’ll find luxurious versions.

Availability: There are typically more houses on the market than condos, so, in general, your selection is greater with houses.

Privacy: Houses typically offer more in the way of privacy.   But, the trade off is that you also have more responsibilities and maintenance when you own a house.  Want a care-free, low-maintenance lifestyle?  A condo may be your best bet.

Acreage: If a smaller yard (or no yard) doesn’t bother you, a condo can offer excellent square footage and lower payments.  Looking for land?  A home is your best way to go.

Still Unsure?

We’d love to assist in your juggling act.  Call First Thomasville Realty at 229-226-6515 or email us at info@FTRealty.com and together we’ll find the perfect home to fit your budget and lifestyle.

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The Buyers Agent Role

Tuesday, June 8th, 2010

Real estate agentNever before has the job of specialists in the world of real estate been more essential. With buyers and sellers requiring more services, the business has seen an explosion of real estate agents who focus in either the representation of sellers or buyers. These specialist real estate agents can offer a wide range of services and preserve a complete independence all through the sales process as there is just one buyer to concern them.

Traditionally the sales transaction and the worries of the customer were the concern of a single REALTOR. Nevertheless, as the industry has progressed so have the requests of each individual and so the specialist arose. Buyers have some very noteworthy requirements, and specifically need to believe that their best welfare is seen to. Listing real estate agents are representatives of the home’s owner and in that role they have a key responsibility to that owner. How might they appropriately look after the desires of an interested purchaser as well?

So what is it that a buyer’s agent does? Primarily the buyer’s agent will begin with the location of suitable properties for their customers. This is ordinarily based upon a list of requirements and needs that the buyer has communicated to the agent. They will subsequently organize viewings and review their findings with their customers and aid in selecting a satisfactory contender for an offer. This will be dependent on the wealth of neighborhood information that a buyer’s agent commands.

As specialists, they are professionals in their given area which is important in the education of clients on the locations that they are considering. After a property is decided upon, the buyer’s agent’s role shifts significantly, evolving into that of an overseer-negotiator. They will normally coordinate the inspections as well as carry out the negotiations with the listing agent. This encompasses the execution of the buyers contract and the closing of the actual offer.

There is an skill to representing a buyer. It is a job that has developed into one that is ever more crucial in a business where consumer service is the singular most essential item that an agent can offer. If you are in the market for a house then the buyer’s agent is the supporter that you need to have on your side in ordeer to make sure that you are given the help that you deserve.

If you’re looking to buy a home, We’ll make sure all those t’s are crossed and i’s are dotted for you. Call First Thomasville Realty at 229-226-6515 or email us at info@FTRealty.com  for more information.

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How to Identify Your Perfect Thomasville Real Estate Agent

Friday, June 4th, 2010

Perfect_AgentWhen you begin your search for the perfect house it usually starts with a search for the perfect Thomasville real estate agent. A good agent can help you with every aspect of buying a home.

They know the proper price ranges, what properties are available that match your needs and all of those pesky legal details required for closing. Your Thomasville real estate agent will keep things moving and make sure deadlines are met and everything goes smoothly.

Here are four tips to help you choose a real estate agent:

Meet Them Face to Face

Perfect harmony should be as instantaneous as love at first sight. You simply know you hit it off with someone, or you don’t. Don’t fight the feelings if you have doubts. Even the best Thomasville real estate agent isn’t going to have a connection with everybody.  There will be one that is perfect for you. Keep looking.

Ask Questions

When you do find a real estate agent you have a connection with, ask questions. There needs to be more than just a friendship between you. Make sure the agent has a real grasp of the area, the types of houses that are available, and seems in tune to what you are looking for.

Assess

Do they listen to your needs?  If they’re not listening to what you want, move on.  Did they answer your questions thoroughly?  If they were unable to answer your questions or purposely avoided answering any of your questions, this is not the right agent for you.

Answer Their Questions

Your Thomasville real estate agent will have plenty of questions for you too. They want to be sure you can afford a new home. Don’t be offended by what may seem like personal questions. They need this information in order to give you the best advice.

If you’re searching for your perfect real estate agent, We’d be honored if you’d interview one of our First Thomasville Realty agents for the job.  Call us today at 229-226-6515 or email us at info@FTRealty.com  to schedule a face-to-face meeting.

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Looking for the Perfect Thomasville Home

Thursday, May 27th, 2010

Looking_For_Perfect_HouseWhen you first decide to look for a new home, whether you are a first time buyer, or you currently own your own Thomasville home, it is an exciting experience. Visions of perfection begin to dance in your head. Grand expectations and all of your fondest dreams begin to spring into being. But how do you balance dreams with reality so that you get what you need and maybe some of what you dream of?

Condition Counts

You can get great deals on amazing homes when they need a little repair. However, that is a big trap if you don’t take into consideration how adept you are with a hammer and nails. If home repair isn’t up your alley, that’s not a sin.  But, it is unwise to buy a fixer-upper if you’re not into fixing or not financially prepared to hire professionals to do the fixing.

Wide Open Spaces

Rural living or huge parcels of property can be very appealing. The desire to own a big spread with rolling lawns can make you feel like a real land baron—until you have to maintain it. There are other aspects to looking at property removed from the hustle and bustle of the big city. Lack of convenience that might seem like a good thing will soon become just inconvenient. Consider the trade-offs if your idea of a perfect Thomasville home isn’t exactly in the city.

Don’t Settle

While you need to be realistic if your budget isn’t unlimited, you should not settle for less than what you truly need. Take the time to determine exactly which features are most important to your family. Consider:

♦   Which rooms will be most used

♦    How many people will be living in the house

♦    How many bedrooms you need

♦    How many bathrooms are necessary

Don’t try to squeeze into something that won’t fit those needs. If you have to wait a little while until you can afford a home that is the right size, it will be worth it to avoid the frustration of being dissatisfied with something as important as your Thomasville home.

If you would like more information on what to consider before buying a home, First Thomasville Realty can help. Call us today at 229-226-6515 or email us at info@FTRealty.com .

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Things to Consider When Buying Thomasville Homes

Tuesday, May 25th, 2010

Electrical_WiringMany home buyers walk into prospective Thomasville homes with an “as is” attitude. They fail to consider that the home sellers may be willing to make repairs or updates in order to get the home sold.

This isn’t hard to understand. Most people do not buy Thomasville homes frequently so they aren’t familiar with exactly what they can and cannot ask for. A home isn’t like a car that you might purchase new every few years, or clothes that you shop for all the time and know how to investigate, compare, and price appropriately.

This lack of knowledge is possibly the best reason for seeking the help of a qualified professional REALTOR®. They handle home purchases daily and can help you with what to watch out for, what price to pay and what you can and can’t haggle over.  They’ll even handle the negotiations for you.

Let’s get back to repairs, updates or price reductions you may want to have your agent negotiate for you:

♦    Electrical Wiring: Especially in older Thomasville homes the wiring is likely to be old, outdated or even hazardous. Make sure you have the wiring thoroughly inspected. This is not a cheap fix.  If there are problems, they should be solved before you purchase, or you should be offered a greatly reduced price to reflect the cost to you of replacement. This is a very important item and even if you accept a price reduction do not be tempted to simply enjoy the extra cost benefits without using it to make the needed repairs. Bad wiring is a fire hazard that can destroy your purchase, not to mention be fatal if not fixed.

♦    Breaker Boxes: Older homes may still have fuse boxes. These are very outdated and some may even use types of fuses that are hard to find. While updating an old fuse box to a breaker switch box isn’t extremely expensive, it should be done by a qualified electrician. This is something that should be done before you buy. It isn’t worth asking for a price reduction, but it also isn’t something you should have to deal with when you move into your new home.

These are just a couple of negotiable items to think about when you look at a prospective purchase.

If you would like more information on things to consider when viewing a home, First Thomasville Realty can help. Contact us today at 229-226-6515 or email us at info@FTRealty.com .

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Why Get Pre-approved for a Thomasville Home Loan?

Friday, May 21st, 2010

Pre_ApprovedThere are a few things you can do to make the process of buying a new Thomasville home easier and faster.  Getting pre-approved for financing is one of them.  Here are four advantages of loan pre-approval:

REALTORS® Take You Seriously

When you walk into an agent’s office with pre-approved financing, the agent knows he is not wasting his time showing you homes. If you do not have pre-approved financing be prepared for agents to ask a lot of questions and even possibly request that you get financing in hand. They are not trying to be invasive. They are avoiding “tire kickers” while helping you streamline the process.

Home Sellers Feel More Comfortable Dealing with You

When you have pre-approved financing, sellers are more apt to work with you on price, or other needs, in order to close the deal. They know that there are not going to be contingencies on a loan, or waiting and wondering if you qualify for the loan. They know they don’t have to worry about turning other prospects away and then finding out you haven’t been able to get a loan.

Fast Closings

Getting pre-approved for a loan means no waiting on the biggest of all hurdles before closing.  Other items needed to close on a Thomasville home purchase usually move quickly, but loan applications can drag out and require setting a closing date far into the future to allow for the time needed.

Less Stress

Above all else, having your financing in hand before you even begin to look for the perfect Thomasville home makes the entire process less stressful for you. Knowing you have the money to back you up when you find the home of your dreams is much better than finding paradise and having to worry about getting financed and possibly losing it.

If you would like to find out more about pre-approved home loans, we can help. Contact First Thomasville Realty at 229-226-6515 or email us at info@FTRealty.com .

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New Thomasville Home Construction Scheduling Delays

Thursday, May 20th, 2010

Construction_DelayCreating a home for your family, from the ground up, can be an exciting experience.  But with the numerous steps involved in building a Thomasville home, and the sometimes unexpected setbacks that can plague new construction, it can also be a stressful experience.  

Knowing what potential setbacks lurk ahead can help you come up with a realistic schedule for the building of your Thomasville home.  Having a good idea of what can go wrong and preparing for the possibility of a setback will help lower your stress and make the process go much smoother. 

Following are some of the setbacks commonly experienced in new construction: 

♦    Weather:  Depending on the stage of the home building process you’re in, rain can cause a work stoppage.  If you’re building your home during a time of year when there’s typically a lot of rainfall, you’ll probably have setbacks, especially if you’re just starting the building process during this time. 

♦    Building permitsIf numerous permits are required before building can begin, there may be a delay.  Permits can involve a lot of paperwork and time.  Also, agencies which issue permits may not move as quickly as builders and homeowners would prefer.

 ♦    Reworks:  Most people building a home visit the building site frequently to keep an eye on work in progress and make sure that what they’ve asked for is being done.  Even when you take this precaution, there are times when things will be done incorrectly.  This will slow down work because the incorrect item will need to be removed, reordered (in most cases) and then reinstalled. 

These are just a few of the things which can get a Thomasville home building schedule out of whack.  

To take some of the pressure off you, hire a professional real estate agent who has experience working with new construction.  An agent can keep tabs on the building progress and make sure the work schedule stays as close to the original timeline as possible and follows the new home construction checklist. 

If you’re interested in having a new home built, First Thomasville Realty can guide you through the process and make sure you get exactly what you want.  Give us a call before you go builder or home hunting at 229-226-6515 or email us at info@FTRealty.com .

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Dos and Don’ts of Buying a Thomasville Home in Foreclosure

Monday, May 17th, 2010

Buy_a_ForeclosureWhether you’re looking for an investment property or a home for your family, a foreclosure might be a good deal for you. However, buying a foreclosure is different from buying a home from a seller and requires different considerations.

Before you sign a contract, consider what you should and should not do when buying a Thomasville home in foreclosure.

►  DO consider the cost of repairs. Foreclosures are sold “as is.” That means the bank will not make any repairs to the Thomasville home in foreclosure before closing, so you will be responsible for them. For example, if the home needs a new roof, make sure you have enough money to pay for it. 

►  DO get a home inspection. In a traditional home sale, the seller is required to tell you about any defects or problems they’ve had with the home. However, a bank does not have to supply a disclosure statement because they have not lived in the house and do not have any information about defects.  Make sure you hire a professional home inspector to check the structural integrity and condition of the home. 

►  DO be prepared to wait. Buying a foreclosure usually takes longer than buying through a traditional sale. You will have to look through and sign stacks of paperwork. In some states, banks are required to go through the court system to sell a foreclosure which can take time. 

►  DON’T buy a home just because the price is low. Banks like to sell their foreclosures as close to market value as possible. If the price is exceptionally low, there’s a reason why. Make sure you know it. Home repairs can easily add up, turning what you thought was a bargain into a money trap. 

►  DON’T expect to flip the home for a quick profit. Despite what the get-rich-quick-buying-foreclosures crowd tells you, foreclosures don’t automatically mean you’re getting a steal, nor can you always quickly sell them. Buy a foreclosure because it’s an affordable home for you and your family, not as a way to build an overnight fortune.

When you take your time and do your homework, buying a Thomasville home in foreclosure can be a great bargain.  First Thomasville Realty can help you find well-priced foreclosures.  Call us today at 229-226-6515 or email info@FTRealty.com .

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Make the Transition to a New Thomasville Home Easy on Your Kids

Thursday, May 13th, 2010

Kids_MovingMoving to a new Thomasville home and, in some cases, to a new location all together, can be an exciting event.  It can also be a difficult thing, especially for children.  

When a move means a new Thomasville home, new school and new friends, children realize they’re leaving their comfort zone for the unknown.  This can be frightening, especially to very young children. 

Along with packing up boxes and making plans for a move, parents need to spend time thinking about how to make the transition as easy as possible for kids.  Following are some suggestions for doing just that: 

♦  Make a scrapbookLet your kids take pictures of friends and places they would like to remember.  Then put together a scrapbook you and your kids can take to your new home and look at, especially when homesickness strikes. 

♦  Listen to your kids:  Children often have fears that they don’t share with their parents.  Your children may be very ambivalent about moving, but afraid to say so or don’t know how to put it into words.  Take time to discuss the move with your children.  Ask them how they feel about the move and then talk out any fears they may have.  Don’t dismiss the fear of making new friends by simply saying “of course you’ll make new friends.” Explain that you’ll also be without friends and together you’ll meet new people. 

♦  Visit your new Thomasville home:  If possible, take your children to the home you’ll be moving into.  Let them visit their new school, walk around the neighborhood and play at the local park.  Giving them a chance to visit the place they’ll soon call home will help alleviate some of their fears and perhaps even get them excited about the move.  If physically visiting your new home isn’t possible, virtually visit it.  Help your children explore their new hometown online

Need to move to a new home?  Whether you want to move within Thomasville or you need to relocate to another state, First Thomasville Realty can help.  Give us a call today at 229-226-6515 or email us at info@FTRealty.com  for more information.

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3 Tips for a Better Deal on Thomasville Real Estate

Thursday, May 6th, 2010

Better_Home_DealsAs a buyer in this buyers’ market, there are plenty of opportunities to get great Thomasville real estate at rock bottom prices. Because of the large amount of housing inventory throughout the nation, home sellers (those who recognize the level of competition, anyway) are much more willing to negotiate. 

If you’re looking for the perfect piece of Thomasville real estate, here are a few tips to help you get a great price: 

Stay Updated

Looking online is a great place to start. However, be aware that you have a large possibility of getting outdated information. You can find a beautiful dream home and contact the agent only to find that the listing has expired or the house has sold. Stay updated. Ask your Thomasville real estate agent to register your email address for daily MLS (multiple listing service) updates so you can get information as soon as it comes out. 

Visit Homes with Reduced Pricing

Sometimes you may see a home that has more than one price reduction. For many, this is a sign that something is wrong with the house. Today, there’s a great possibility that there’s nothing wrong and the homeowner is simply trying to get the home sold in a competitive market. Tour the homes with recent price reductions as well as those on the market for more than 30 days. These home sellers may be more interested in selling for lower prices. 

Look for Possible Negotiation Points

Even homes with higher prices may be worth looking at, due to the many ways you and your real estate agent might find to negotiate. For instance, it’s always wise to get a home inspection before signing the contract. Depending on what the home inspector finds, you may be able to negotiate for lower closing costs or a lower price. 

Right now, it’s important to remember that just because a house is listed at a specific price doesn’t mean that price can’t change. If you’re a buyer interested in Thomasville real estate, whether as your personal residence or an investment, take a chance. Find out how low buyers will go! 

If you’re looking for a great price on a great 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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Live Green and Save Cash on Appliances for Your Thomasville Home

Wednesday, May 5th, 2010

Energy_Star_RatingIf you’re in need of an appliance for your Thomasville home, you may want to buy now to save cash.  The U.S. government is giving you good reasons to buy energy-efficient appliances through its Energy Star designation.  Thirty-six states have launched programs to distribute almost $300 million in rebates to consumers who buy energy-efficient appliances. 

The federally-funded programs are similar to the hotly debated cash-for-clunkers auto rebate program of 2009. Rebates differ by state and appliance but typically run between $50 to $75 on refrigerators, washers, dryers and freezers. 

To qualify for rebates, consumers must buy Energy Star appliances, which meet or beat energy standards.  These standards are set by the federal government and are up to 30 percent more efficient than non-Energy Star appliances. 

Should you buy new appliances for your Thomasville home now?  Say yes if:

♦     You need a new appliance anyway.

♦     You’re tired of throwing away money every time you operate inefficient appliances.

♦     You want a good deal on a new appliance.

♦     You want to help the environment by going green and saving energy.

 You may even be able to trade in your old-but-still running refrigerator or dishwasher when you buy a new Energy Star model.  For the specific rules and amount you’ll save, go to Energy Savers

Want to save even more?  You may also be eligible for rebates offered by manufacturers, local utilities and retailers.  Home Depot, Lowe’s and Sears are all planning special promotions in certain states to coincide with the federal rebate program. 

Research the stores’ promotions before you buy.  To find a list of retailers of Energy Star qualified products in your area and the categories of products they carry, use the Energy Star Store Locator

Since rebates for Energy Star qualified (or higher) appliances are generally being given on a first-come, first-served basis, and because funding is limited, you might want to act fast before the available cash is gone. 

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

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Will Your Credit Stop You from Getting a Thomasville Real Estate Loan?

Tuesday, May 4th, 2010

Credit_ScoresGood credit is more important than ever, if you want to get a Thomasville real estate loan.   Knowing what’s on your credit report and how lenders view various aspects of your report is crucial.

First Things First

Get a copy of your credit report from all three of the credit reporting companies: Equifax, Experian, and TransUnion. You are entitled to one free report every year from each of the three credit reporting companies.  Whether you’re considering getting a loan or not, you should always take advantage of that opportunity to make sure your credit reports are accurate.

Range

FICO® scores range from 365 to 840. While the standards for what lenders consider a “good” FICO® score changes constantly and varies by lender, here’s a general breakdown of today’s standards:

♦     Over 750 is excellent and should get you the best terms and rates. 

♦     Under 600 might get you a Thomasville real estate loan, but you’ll want to shop for the lender who’ll give you the best rates and terms.

♦     Under 500, you need to brace yourself for waiting until you get your credit in better condition.

What Determines Your Score

There are many things that can affect your score.  Magically (or not), each of the three companies tend to view things just a little differently, which means your score will not be the exact same for all three. That’s why it’s so important to get copies of your report from all of them. However, the two main things that all companies consider in rating your credit score are delinquencies and debt-to-income ratio.

What You Can Do To Immediately Improve Your Score

♦     Check the entries: Make sure any debts or delinquencies listed are true. Report any errors.

♦     Pay off debts: But do not close accounts. Having available credit is good as long as it doesn’t look like you’re over-extended by having your credit maxed out. The lender may worry that you’re living off your credit and can’t afford your bills.

If you would like more tips on how to improve your chances of getting a Thomasville real estate loan, First Thomasville Realty can help. 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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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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