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What are you Looking at in your Next Home?

You are looking at houses. Over the weeks you have seen many of them and they start to look the same.

How do you remmember the difference? Stainless Steel appliances, Crown Molding in the Dining Room, nice furniture, or maybe a built in television.

If that is how you remember one house vs another you need to look at the houses in a different way.

What is the square footage of the home?

Does the floor plan work?

Is the driveway/lot acceptable?

How is the location?

How is the price compared to others in the neighborhood?

Is it propane, all electric, all gas or a combination?

What will HAVE to be done on the home ie, new air conditioner, new roof, new furnace, etc.

We have seen too many people get zoned into the superficial part of the home. We all like the latest upgardes when we find a home. Unfortunately this is not the case with a resale home.

Bottom line: Be realistic!

If we can help you find a home in the North Atlanta area please let us know.

We are The Wells Team of The Norton Agency. www.randywellsteam.com

What do you know About Short Sales?

You have seen the term on the television, internet, and in the newspaper. You read it but do you really understand what it means? Are you familiar with the acronyms FHMLC, HAMP, SAFE, and HAFA (just to name a few)?

This year we have seen a lot of regulatory changes in terms of the Short Sale. The Short Sale is an option for the homeowner prior to going into foreclosure.

The Norton Agency prides itself on the education of its agents.

Barb and Randy, of The Wells Team, have recently completed a class on Short Sales and Foreclosure properties. The class introduced some new laws that builds on our experience in this field.

The Wells Team has been involved in 15 Foreclousre/Short Sale Transactions.

If you find yourself in a situation where a short sale or foreclosure is being considered give us a call.

We are The Wells Team of The Norton Agency. With over $3 million in total sales in 2010 we continue to be successful in this crazy market.

Please see our website at www.randywellsteam.com

They were not interested in my home. Why was it shown?

Who is looking at my home today?

What do you know about these potential buyers?

Why did potential buyers look at my home when my did not suit their needs?

These are commom questions we receive from our sellers when it comes to the showing of their home.

What does The Wells Team do differently?

When we are first contacted by a buyer's agent we ask:

• Why this home?


• What is your client looking for in a home?


• Are you familiar with the neighborhood?

We then tell the buyers agent the attributes on the home, the neighborhood, and the local area. If the particular listing is in our neighborhood we discuss homeowner's dues, amenities, and any other questions they might have.

Even if we provide all of the information it might not guarantee results.

The buyer's agent is looking out for the best interest of their client. They can become hesitant to give too much information.

There are buyers who do not have an exact idea on the type of home they wish to purchase. These buyers have not purchased a home in many years. They are entering a different stage in life which makes their home priorities different. In other words they need to see what is available.

Ultimately the buyer's agent is the one expending all of the energy on behalf of his or her clients. It is in their best interest to do the necessary research on homes before they "waste their time" showing homes that do not fit their criteria.

As for our sellers: When we have the chance to show your property we need to do so. It can be inconvenient, frustrating, and might not give you the results you desire. However one thing is for certain: If we do not show your home then we know it will not sell.

If you are looking for property in the North Atlanta area, Lake Lanier, or the Norton Georgia Mountains, give us a call. We are The Wells Team of The Norton Agency.

http://www.randywellsteam.com/

Last week The Wells Team had a couple of days that all real estate agents would like to have: In a period of 48 hours we sold three homes!

Our sales reflected three different aspects of the market: Foreclosure, lake location, and price driven.

Throughout 2010 we have kept our clients informed about market conditions.

What have we seen from potential buyers?

1) Continued interest in foreclosures. Foreclosures continue to appear, are generally in good shape, and represent great value.

2)Lake location. Lake Lanier continues to be near full pool. There are a lot of properties available on the lake. The property priced well, with the "million dollar view", sells.

3) The well priced property. Price has been the consistent theme throughout 2010. As nice as our resales are ultimately price is what sells them.

The Wells Team has geen successful because of our market knowledge. Selling these three particular properties in two days backed up our market views.

If you are in the market to buy or sell a home in the North Atlanta Metro area, Lake Lanier, or the North Georgia Mountains, give us a call.

www.randywellsteam.com

Why Doesn't My Home Sell

As we go into the second half of the 2010 real estate market we have frustrated sellers who have the same question:

WHY DOESN'T MY HOME SELL?

The Wells Team spent some time talking to real estate acquaintances, and friends around the country. This includes the metro Atlanta area, Florida, and Nevada.

The answers are the same:

If you were priced too high at the beginning, the initial interest wears off, and the home sits.

A house that is not updated is at a serious disadvantage to other resales.

Foreclosures continue to appear. Their effect on the market to continues

Barb, Randy, and Sue, of the Wells Team, continue to emphasize these points to our clients. It is information that all of our clients need to know. It is not often well received but we owe it to them what they need to hear not what they want to hear.

If you find yourself in the North Metro Atlanta area give us a call. We are the area experts.

We are the Wells team of The Norton Agency.

www.randywellsteam.com

Lake Lanier Market Update

This is a short overview that we recently sent our clients.

As for Lake Lanier:

There are currently 370 properties for sale in the $250,000 to $700,000K range.

For the time period of January to May 2010 in the $250,000 to $700,000K range:

There were 67 homes sold with an average price of $389,303

There are 27 pending sales with an average price of $433,025

During the January to May 2010 time period for condos on Lake Lanier:

14 currently for sale with an average price of $173,150

13 sales with an average price of $232,015

Barb and I continue to see a large number of lake properties available. Eventhough the properties are not selling, the owners have not significantly lowered the prices. Most of them have no sense of urgency to sell. We do see the occasional foreclosure which gathers interest. Overall a slow market as the second home market remains flat.

IF YOU ARE LOOKING FOR LAKE LANIER EXPERTS TO SHOW YOUR PROPERTIES LOOK NO FURTHER. THE WELLS TEAM MEMBERS LIVE HERE! LET US HELP YOU FIND YOUR NEXT LAKE PROPERTY!

Check out our lake listings at www.randywellsteam.com