Benefits of Hiring a Real Estate Team Instead of a Solo Agent

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For most families, buying a home is the biggest financial investment that will be made for the future. Are you protecting your investment by hiring the right real estate services when it is time to buy or sell a home? It’s a good time to compare your options by determining whether you should be working with a real estate team or a solo agent.

Benefits of a Real Estate Team

Here are some of the benefits that you can expect when you choose to work with a real estate team instead of a single agent:

  • Customer Service: More people on the team means that you will always have support and help in the moment you need it the most. You don’t need to worry about the disruption of services if your agent goes out of town. A real estate team can offer team members who specialize in paperwork, listings, home showings, and more. The combined skills are great to up-level the customer service experience that is available for your family.
  • Same Price: Just because you are tapping into a team of experts, doesn’t mean that your expenses go up. In fact, it is common for team real estate services to be cheaper compared to the cost of hiring a single agent. Since the job duties are specialized and shared, the team is more effective at moving through the transactions quickly and efficiently. The reduced time requirements mean that there is more money that can be passed back to the customer in the form of commission discounts.
  • Better Results: A full real estate team will have more connections than a single real estate agent. If you are looking for a specific home or you need help finding the right buyer, then you can benefit by having multiple people working on the project at the same time.
  • Attention to Detail: A solo real estate agent can have their attention pulled in many directions at the same time because they are carrying all of the responsibility of working with several clients without support. As a result, small details or tasks might fall through the cracks because the agent is spread thin, with multiple deals happening simultaneously. On the other hand, a team has proven systems in place and can work on multiple deals without sacrificing attention to detail.

Are you looking for the best real estate team in Atlanta? We invite you to have a conversation with us at DUFFY Realty. We’ve been serving the local community for many years, offering innovative solutions and excellent results. We are proud of our excellent reputation and want to show you that buying or selling a home can be easy when you are working with the right real estate team. Call to learn more about our low-cost, top-notch real estate services that are available: (678) 318-1700

Why Atlanta is at Its Best in the Summer

Why Spring is a Great Time of Year to Sell Your Home

Summer is a great time of year to enjoy festivals and activities in your own back yard. The kids are out of school, events are happening around the city, and you have the perfect opportunity to build new memories with your loved ones.

What are your planned activities this summer? Here are a few suggestions if you need activity ideas:

  • Shoot the Hooch: The Chattahoochee River is a popular place to go tubing, and this activity has been coined “Shooting the Hooch.” If you don’t own a tube, you can rent one to use for the day. Choose from one of the four drop-in spots along the river, but make sure that you have a car available when you get out of the water down the river!
  • Walk the Beltline: The Atlanta Beltline is a former railway corridor that has been renovated into an urban trail. You can walk between 45 neighborhoods to enjoy the beautiful weather and sunshine during some of the best months of the year.
  • Piedmont Park: Another great outdoor location to enjoy is Piedmont Park. You’ll find a variety of features for the family, including a lake, farmers’ markets, and a swimming pool. You can even bring furry members of the family to the dog park!
  • Atlanta Botanical Gardens: This 30-acre garden area is filled with gorgeous flowers, trees, and more. Take a break from urban living by enjoying nature in these sprawling gardens.
  • Starlight Drive-In: Why sit in a stuffy indoor theater when you can enjoy the beautiful night skies while watching the latest blockbuster hit? This drive-in theater has been open since 1949, giving families a great place to enjoy a movie in a unique setting.
  • Music Festivals: If you love listening to live music, then Atlanta is a great place to live! You can find everything from jazz music to indie to hip-hop. Many of these concerts are held at Centennial Olympic Park, located in the downtown Atlanta area.
  • Six Flags Over Georgia: Adults and kids alike can have fun with a day at the local amusement park. This theme park boasts 290 acres of thrill rides and roller coasters. Not only is there a fun children’s area for the kids, but mom and dad can get their blood pumping on the big coasters.
  • Atlanta Braves: One of the flagship activities in Atlanta is to catch a ball game. Head over to SunTrust Park to enjoy a cold drink and hot dog while cheering on the team.

There’s no question that Atlanta is a great location due to the friendly communities, fun activities, and great weather. DUFFY Realty is here to help you find the best home in Atlanta. Whether you are relocating to another home in the greater Atlanta area, or you are moving here from another state, our team is here to assist. Call the local real estate experts for help finding your dream home: (678) 318-1700

The Benefit of Selling Before Interest Rates Go Higher

The One Question No Agent Can Answer (Should I Buy This Home?)

Rising interest rates are a common topic of discussion in the real estate industry. As the mortgage interest rates change, these trends have an undeniable impact on the real estate market. Whether you are planning to buy or sell your home, the best thing you can do is work with an experienced real estate agent and mortgage broker to get the best financing for the transaction.

Higher Interest Rates Affect Buying Power

Some homeowners mistakenly assume that high interest rates won’t have an impact when it is time to sell their home. The truth is your buyers will be affected by the current interest rates, which can have an impact on the price that is paid for the property.

Lower interest rates mean your buyers will have more buying power and can pay more for your home, because it will cost them less for their money.

What Happens When Interest Rates Go Up?

1% might seem like a comparatively small increase for an interest rate, but this change can have a significant impact on the buyer’s monthly payment. Depending on the price point of the buyer, a rate increase of 1% lowers the purchasing power by 9 – 11%!

For example, if a buyer is looking at homes in the $400,000 price range, then an increase in interest rates from 3% to 4% means the monthly payment will go from $1,686 to $1,909… an increase of $223 per month just for interest costs. As a result, the home price needs to be lower to make room for the extra interest expenses.

This change can have a huge impact in today’s real estate market, making it harder to afford the right home at the right price point. As a seller, higher interest rates could result in a smaller pool of qualified buyers. You can avoid this problem by selling the property when interest rates are low, ensuring that you aren’t missing out on buyers who are interested in the type of home you are selling.

Will Interest Rates Increase?

No one can predict with surety future interest rate trends. It is normal to have fluctuations and corrections in the mortgage and real estate industries. Most homeowners don’t have the industry knowledge or expertise to identify the right timing or services, which is why it is imperative to work with a trusted team.

At DUFFY Realty, we are working hard to help you negotiate the best deal when buying or selling a home. If you have questions about how interest rates will affect your purchase, then you are welcome to contact us at any time for personal recommendations. We are the real estate experts in the greater Atlanta area, and our professional team is here to assist with anything that you need. Call today: (678) 318-1700

New Culture, New Neighborhood: How to Prepare for a Cross Country Move

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There is a lot to consider when you are preparing for a cross country move. Whether you are relocating for a new job opportunity or you would like to move closer to family, you need to be sure you are prepared physically and mentally. Too often, homeowners are focused on packing, moving trucks, and setting up utilities… and they overlook the mental and emotional preparation that is needed.

Different Cultures Across the US

It is fun and exciting to step into a new chapter of life. You have a beautiful home to enjoy and new adventures to explore in the local area where you will be living. But, have you considered that your new neighborhood might be culturally different compared to your previous lifestyle?

For example, if you are moving from the heart of New York City to the suburbs of Atlanta, you will notice changes in architecture, weather patterns, and scenery. Plus, different areas draw unique people and cultures. In New York City, people are used to living a fast-paced lifestyle with big city lights and unending entertainment. In comparison, life is a bit slower and laid back in quitter country areas in the Southern parts of the United States.

The diversity varies across our beautiful country, with pros and cons to each state you visit. Cultures in Washington and Oregon are often lovingly classified as “crunchy,” with people who are artsy and environmentally-focused. Southern California tends to draw a surfer crowd and Hollywood hopefuls who are focused on appearance and living in the lap of luxury. A farming community in the mid-west brings in people who spend a lot more time outdoors and working in the soil.

Adjusting in Your New Neighborhood

The most important thing you can do is move into your new home with an open mind and look for ways to reach out to your neighbors. Even if the local culture is different than what you are used to, it is a great opportunity for you to learn about the local area and find common bonds among the people nearby.

Look for ways to get to know others in the area. For example, you might plan a summer barbeque with an open invitation to anyone in the neighborhood. Find local meetup groups or congregations that you can attend where you can meet friends. Look for other families in the area with children similar in age to your children so you can schedule play dates.

Working with a Trusted Real Estate Agent

As you are choosing a home in an unfamiliar area, it can be helpful to lean on the advice offered by an experienced real estate agent. Your agent will be familiar with the neighborhoods, and they can offer advice about the areas that might be a good fit for your family.

If you are preparing to move to the greater Atlanta area, then DUFFY Realty is here to assist. Call us for information about our quality real estate services: (678) 318-1700

Atlanta Real Estate Market News: Is it a Good Time to Buy a Home?

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We’ve seen some drastic changes in the Atlanta real estate market over the past 12 years. After the market started falling in 2008, home prices have steadily increased. Now, people are talking about the strong real estate market and whether or not it is a good time to buy a home.

Industry Changes are Guaranteed

There’s one thing that is certain: the real estate market will move up and down over time. No one can predict the exact changes that will happen, but we know that there will be fluctuations over the years. Economic factors, interest rates, and other nation-wide and local changes will influence the prices and demand for homes.

You can try to time the market so you are buying and selling in the seasons that will support your equity goals as much as possible. A good real estate agent can offer recommendations as you are considering the timing of your move. But many times families need to move regardless of the market trends because it is time to relocate for a job, family, schooling, and other life activities.

Long-Term Investment in Real Estate

The real power of buying a home is in the long-term investment that is available for your family. Even if the markets change, you will build equity over the years. Every month your mortgage payment goes to pay down the loan, which means that you have more equity available. Eventually, the hope is that you can pay off the home so that you can reduce your monthly expenses for retirement.

Even if you don’t live in your current home long enough to pay off the mortgage, the equity can be rolled into the purchase of another real estate property. Over the years, you can continue to build this equity until you are in a position to buy a mortgage-free home for retirement. There are many strategies that can be used to build your financial portfolio over time.

Your Personal Circumstances Should be Considered

The best decision that you can make is choosing a home that you can afford. It doesn’t matter what the Atlanta real estate market is doing or how interest rates are changing; you need to be sure that your monthly payment is going towards a real estate investment that supports your long-term goals. Consider your monthly budget and the needs of your family; then you can work with a lender and real estate agent to identify the smartest decisions for your family’s needs.

As you are considering options for buying or selling a home, our team is here to offer advice and recommendations. You can contact us at any time to learn more about the services that are available. DUFFY Realty is here to assist with anything that you need. Contact us to learn how you can save thousands of dollars in real estate commission fees using our low-cost services: (678) 318-1700

When Does the Real Estate Season Start?

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Are you trying to figure out the right timing to buy or sell a home? It is smart to consider the trends in the economy and real estate season so that you can maximize the equity available from your investment. We often hear customers ask us about the start of the real estate season because they want to get ahead of the competitors in the area.

Trends Through the Year

Some people will tell you that the main real estate season is spring through fall. But, the truth is that the real estate season never really ends! Even though some months are busier than ever, your real estate team will work all year long to accommodate people who need to move.

In fact, it is smart to start working with your real estate agent before the busy season begins. You can get your home on the market and bring in the right buyers without competing against the higher number of home listings that usually come online in the summer season.

Following these trends will give you the advantage to improve the results for your real estate transaction. Luckily, you don’t have to worry about the market details. Simply choose the right real estate team, and let them oversee the best strategies for each time of year.

Should I Wait to Buy a Home?

There are many reasons why families might be waiting to buy a home: real estate industry trends, school schedules, work changes, and more. Sometimes, it makes sense to stay put for a while based on the needs of your family. On the other hand, there are situations where you should act fast to take advantage of the real estate market trends that are available right now.

Don’t make assumptions about buying or selling a home until you have a chance to talk to an experienced real estate agent. Our team will discuss the current trends, talk about your situation, and help you with identifying the timeline that will fit your needs.

If you are planning to move in the next few months, then right now is a great time to make your move. We are approaching the industry’s busy season, which means that you still have time to get ahead of the curve. Our real estate team is just a phone call away; always ready to help you find a dream home. We are here to answer your questions and assist with your real estate listing.

DUFFY Realty offers the leading real estate services in the Atlanta area. We’ve been serving this community for many years, offering unbeatable quality and attention for homeowners. Our team has industry connections and the quality experience you need when you are buying or selling a home in any real estate season. Contact us right away to learn more about the real estate services that are available for your family: (678) 318-1700

Halloween: A Great Time to Scout a Neighborhood Where You Want to Buy

Halloween: A Great Time to Scout a Neighborhood Where You Want to Buy

The weather is cooling down, and costumes are showing up in all of the stores. As you are picking out pumpkins for the front porch, it might be a good time to consider your options for a home purchase this season. Halloween is approaching at the end of the month, which means that many families are making plans for the holiday.

Trick-or-Treating in a New Neighborhood

If you are thinking about buying a home, it can be beneficial to take a walk through the neighborhood that you are considering. Often, families like to go trick-or-treating in their own neighborhoods to see friends in the area. Also, consider spending a portion of the evening in a neighborhood where you would like to buy a home.

Halloween is a time when the neighborhood comes alive, helping you see the type of community in the area. You can get a feel for the demographics living in the homes while you take your kids door-to-door to collect candy. At the same time, you can evaluate the way your family will fit into the neighborhood.

A Season of Change

As the leaves start to turn, it is a good time to consider the season of change that your family is experiencing. Whether you are looking for new job opportunities or you want to move your kids to a new school, moving might be the best solution to help you prepare for the upcoming chapter in life. Start the conversation with an experienced real estate agent in the area to explore your options.

Why Fall is a Great Time to Buy

As the holiday season draws near, it might be tempting to delay your home purchase until after the New Year. But, the truth is that fall is an excellent time to buy if you are looking for a good deal. Now that the busy summer season is winding down, there is less competition for the new homes that are listed on the real estate market. Not only will you have more options available, but you might be able to get a better price compared to the home values during the summer months.

Additionally, taking fast action right now means that you could be moved and settled in before Christmas. At DUFFY Realty, we have proven systems in place to ensure timely transactions for our clients. We know that it can be frustrating to be waiting on a real estate deal. Our goal is to help you sell or buy a home as quickly as possible, ensuring quality results for your family.

If you need assistance buying or selling a home, then we invite you to contact our experienced team right away. DUFFY Realty offers quality results and experience you can trust. Plus, we are working hard to help you save thousands of dollars with our flat-fee real estate commissions. Call today to schedule a consultation to learn more: (678) 318-1700

Will the Real Estate Market Trends Be Changing Soon?

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Most real estate experts agree that we are experiencing a “seller’s market” right now. This article will discuss if the real estate market trends will be changing soon.  Prices are back up to the levels that we experienced at the peak in 2006. At the same time, demand is high and inventory levels are low.

One common question that we hear is regarding the anticipated trends that will be happening in the future. There’s no way for anyone to predict the industry with surety. But, there are a few things that we can look at which might indicate the way the real estate market will be shifting.

Cycles in the Industry Make Real Estate Trends Ever Changing

Even if we aren’t in the “bubble” territory in the real estate market, it is important to understand that there are always cycles in the industry. Prices rise and fall over the years.

It all comes down to basic economics: When the prices rise, then sales activity slows down. The slower sales cause sellers to reduce prices, then sales pick back up again. These patterns are normal in the real estate environment.

Since we are currently at an industry high, then it means that there is a good chance that the home prices will decline. In fact, we are already seeing signs that home prices are dropping across the nation. Of course, local factors will influence the way the home prices change. But, it appears that these changes are consistent throughout the US.

Should You Buy a Home Right Now?

The current trends don’t necessarily suggest that prices will crash in the next year or two. But, we are definitely seeing trends that home prices are starting to decrease, which could be an indication that the market is shifting.

At the same time, interest rates are going up. These higher rates could be contributing to the slow down because buyers don’t want to pay the higher interest costs. That being said, it might be the perfect time for you to buy a home if you are planning to move in the next few years so that you can avoid the higher interest rates that will likely be coming in the future.

Instead of getting caught up in the rumors in the industry, a better solution is to focus on the needs of your family. You need to have a place to live, and it makes sense that you are putting your money into a real estate property instead of flushing it down the drain by paying rent every month. Your payments add up over time, helping you build equity that supports the financial future of your family. So, often the best strategy is to buy real estate properties and hold onto them for a long period of time.

If you have questions about the real estate industry, then our expert team at DUFFY Realty is always here to help. We are happy to assist as you are looking for the perfect home for your family. Call today to learn more about the services that are available: (678) 318-1700

If you enjoyed Will the Real Estate Market Trends Be Changing Soon, read this article: https://duffyrealtyofatlanta.com/save-flat-fee-real-estate-agent/

What Happens if the Sale Price is Higher Than the Appraised Price?

What Happens if the Sale Price is Higher Than the Appraised Price?

Whether you are buying or selling a home, it is important to pay attention to the relationship between the appraised price and the offer on the property. This article discusses what happens if the sale price is higher than the appraised price.  In the competitive real estate market that we’re experiencing right now, it’s no surprise that buyers are sometimes offering more than the value of the home. Buyers want to find the right home for their families and they are counting on the trends that real estate prices will continue to increase.

Since most sellers receive multiple offers, buyers are looking for ways to edge out the competitors. As a result, some people are using the strategy to offer more than the home is worth. But, it is important for both buyers and sellers to consider how the price will impact the transaction.

Don’t Let the Deal Fall Apart

Even if the buyer is willing to pay more for the home, it is possible that the deal might fall apart if the house doesn’t appraise for the price that was agreed upon by both parties. Low appraisals are more common than most people realize, especially when the market is trending upwards.

The problem is that most lenders will only offer funds up to a certain amount of the appraised value of the home. For example, if you want to finance the property, then it is common for lenders to only offer 80% of the appraised price. If that amount falls lower than 80% of the contract price, then the buyer might not have enough cash on hand to cover the gap.

The best solution for buyers is to build in an appraisal contingency so that you aren’t stuck with a contract that can’t be fulfilled. As a seller, evaluate the financing that is being offered to determine if the agreed price can be paid. If a buyer is offering cash, then you usually don’t need to worry about the gap between appraised value and the offer. But, proceed with caution if the buyer is planning to finance the entire amount.

Getting a Second Opinion

Just because one appraiser came in with a low property value, doesn’t mean that the value is set in stone. It is possible that the estimate was inaccurate, so you might consider a value appeal.

In this situation, the appraiser will reevaluate the property and provide information about why the appraisal doesn’t match other comparable sale prices. In some cases, lenders will allow you to get a second appraisal, and then the financing will be based on the results of the new appraisal.

And appraisals normally have a wide margin of error, so the second can appraise up.

There are many scenarios that can happen when buying a home, which is why it is essential to have an experienced real estate agent to assist with the transaction. Whether you are buying or selling a home, you need to enlist the services of the best real estate team in Atlanta: DUFFY Realty. Call today if you have questions about your home offer: (678) 318-1700

How to Enjoy Your Own Home as VRBO Summer Rental for a Week

How to Enjoy Your Own Home as VRBO Summer Rental for a Week

The summer schedule is stacking up, with many families excited about upcoming summer vacation plans. Whether you are planning a staycation or you are traveling to a distant location, you might consider the option to list your home as a VRBO rental.

Why Offer a Summer Rental?

Consider the amount of money that you will be spending on the vacation for the family. Not only do you need to cover transportation costs, but there will be expenses for food, activities, souvenirs, and more. There’s no doubt that the costs can add up when you want to create a memorable experience for your children.

Offering your home as a summer rental is a great way for you to recover a portion of the money that you will be spending on travel expenses. This solution can off-set the cost of the trip, giving you options to choose nicer accommodations or book a few more excursions.

How to List Your Home on Rental Websites

Two of the most popular sites to use for rental offerings are VRBO.com (Vacation Rentals By Owners) and AirBNB.com. Both of these websites are designed to offer homeowners a platform where you can rent out extra space that is available. Some homeowners offer the entire home, while others rent out the mother-in-law apartment or a single room. You can choose the solution that works best for your family.

You set the dates on the calendar that are available for the rental, and you can also choose the nightly listing price. Check out other comparable rentals in the area to choose the pricing for your property. Make sure to upload beautiful photos and list the amenities that make your rental desirable for families who will be traveling to the Atlanta area.

Schedule Flexibility for the Summer

If you are flexible with your summer travels, then you can leave the schedule open and plan your trip when the house is rented. The other option is to choose specific weeks when the rental is offered and block out the calendar availability the rest of the summer. Keeping the calendar open will increase the likelihood that you will connect with someone who is interested in renting the property.

Protecting Your Home

Keep in mind that there are a few precautions that should be taken to protect your home. For example, you shouldn’t leave valuables or sensitive documents sitting out when the renters come. Luckily, the rental websites offer insurance protection in case something is damaged during the rental period.

At DUFFY Realty, we are always looking for ways to help our clients maximize their real estate investments. If you own a home and you are looking for a little extra cash, then you might consider a summer rental. For more information about real estate tricks in the Atlanta area, call us any time: (678) 318-1700

If you enjoyed this article on VRBO on your home for a week, read this article on Tips for Long Distance House Hunting.