Gwinnett Home Sales for January 2012

17 02 2012

The following table has been updated with January figures for Gwinnett County.

Remember, your real estate values are local to your area.  If you have any questions about what your home is worth, please go to www.GAHomePrices.com, fill in the requested information, and I will be happy to put together a report especially for you.

If you find yourself in an “upside down” situation on your mortgage (you owe more on your mortgage than what it’s worth) and you are not sure what your options are, go to www.GAMortgageHelp.com, submit your information and I’ll be glad to send you free information regarding your options.

Have a Great Week!  – Joan Boudreau-Alexander, 770-356-4656, JoanRealEstate1@gmail.com


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Categories : Market Statistics, Gwinnett County

Gwinnett Home Sales for December 2011

9 01 2012

The following table has been updated with December figures for Gwinnett County

Remember, your real estate values are local to your area.  If you have any questions about what your home is worth, please go to www.GAHomePrices.com, fill in the requested information, and I will be happy to put together a report especially for you.

If you find yourself in an “upside down” situation on your mortgage (you owe more on your mortgage than what it’s worth) and you are not sure what your options are, go to www.GAMortgageHelp.com, submit your information and I’ll be glad to send you free information regarding your options.

Have a Great Week!  – Joan Boudreau-Alexander, 770-356-4656, JoanRealEstate1@gmail.com


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Categories : Uncategorized, Market Statistics, Gwinnett County

Gwinnett Home Sales for November, 2011

13 12 2011

The following table has been updated with November figures for Gwinnett County.

Remember, your real estate values are local to your area.  If you have any questions about what your home is worth, please go to www.GAHomePrices.com, fill in the requested information, and I will be happy to put together a report especially for you.

If you find yourself in an “upside down” situation on your mortgage (you owe more on your mortgage than what it’s worth) and you are not sure what your options are, go to www.GAMortgageHelp.com, submit your information and I’ll be glad to send you free information regarding your options.

Have a Great Week!  – Joan Boudreau-Alexander, 770-356-4656, JoanRealEstate1@gmail.com


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Categories : Gwinnett County, Market Statistics, Uncategorized

Gwinnett Home Sales for October, 2011

10 11 2011

The following table has been updated with October figures for Gwinnett County.Remember, your real estate values are local to your area.

If you have any questions about what your home is worth, please go to www.GAHomePrices.com, fill in the requested information, and I will be happy to put together a report especially for you.

If you find yourself in an “upside down” situation on your mortgage (you owe more on your mortgage than what it’s worth) and you are not sure what your options are, go to www.GAMortgageHelp.com, submit your information and I’ll be glad to send you free information regarding your options.

Have a Great Week!  – Joan Boudreau-Alexander, 770-356-4656, JoanRealEstate1@gmail.com


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Categories : Gwinnett County, Market Statistics

Gwinnett Home Sales for August, 2011

16 09 2011

The following table has been updated with August figures for Gwinnett County. 

Remember, your real estate values are local to your area.  If you have any questions about what your home is worth, please go to www.GAHomePrices.com, fill in the requested information, and I will be happy to put together a report especially for you. 

If you find yourself in an “upside down” situation on your mortgage (you owe more on your mortgage than what it’s worth) and you are not sure what your options are, go to www.GAMortgageHelp.com, submit your information and I’ll be glad to send you free information regarding your options.

Have a Great Week!  – Joan Boudreau-Alexander, 770-356-4656, JoanRealEstate1@gmail.com


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Categories : Gwinnett County, Market Statistics

Gwinnett County Home Sales for May 2011

6 06 2011

The following table has been updated with May figures for Gwinnett County.  Sales are down only 2.5% from last year. 

Remember, your real estate values are local to your area.  If you have any questions about what your home is worth, please go to www.GAHomePrices.com, fill in the requested information, and I will be happy to put together a report especially for you.  Have a Great Week!  – Joan Boudreau-Alexander, 770-356-4656, JoanRealEstate1@gmail.com


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Categories : Gwinnett County, Market Statistics

Gwinnett County – More on Appealing Your Property Taxes

26 05 2011

By now all property owners in Gwinnett County should have received their Annual Notice of Assessment, which was mailed out to all Gwinnett County residents on April 15, 2011.  If you did not received this notice, have additional questions, or would like to start your appeal process, you can log onto:

http://gwinnettassessor.manatron.com/eFileSystem/AppealPT311.aspx        

Due to the decline in property values in recent years every property owner is being given the opportunity to appeal the value that the county has placed on their property. This is the value that the county uses to determine your property taxes.  If you think your property value is lower than what is stated on the notice, follow the instructions on the notice to begin an appeal. The deadline for submitting your appeal is May 31, 2011.

You will be asked to state what you think your property is worth. If you recently re-financed, you may be able to get an estimated property value from your lender. If you recently purchased your home, the purchase price is probably your best indicator. If you are not sure, go to www.GAHomePrices.com  or give me a call @ 770-356-4656, and I’ll be happy to provide you with a Market Analysis of your neighborhood and help you determine the current value of your home.

Please check with your county’s assessment procedure, as mail out dates and response times may vary from county to county.

I encourage you to contact Gwinnett County Tax Assessor’s office @ 770-822-7200 if you have additional questions. If your property is not located in Gwinnett County, please check with your county’s assessor’s office.

I, personally, have had success with this appeal process and had my property taxes reduced last year and I submitted an appeal again this year.

Please remember that I am here for you to assist with ALL of your real estate needs! If you know of anyone who is considering buying, selling, or investing, please be sure to let me know, so that I can provide them with exceptional customer service.

Thank You. Joan Boudreau-Alexander, JoanRealEstate1@gmail.com, 770-356-4656


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Categories : Property Taxes

3 Reasons the Term “Strategic Default” Is Misleading

8 03 2011

In a recent study, the Chicago Booth/Kellogg School Financial Trust Index found that a full 36% of Americans would consider “strategic default”—another term for walking away from your mortgage—if they were underwater (owed more on their home than what it was worth).

Now that more than one in four American homeowners is “underwater,” I feel that it’s important for the community to know the truth about strategic default.

The truth is the foreclosure process carries with it credit issues, current and future employment challenges, issues with security clearance and possible debt collections.

That’s why it is vital to explain the 3 reasons why the term “strategic default” is misleading:

  1. There’s nothing strategic about defaulting on purpose, especially when you have options like short sales, mortgage modifications, and refinance (just to name a few) that may keep you from foreclosure.
  2. The waiting periods to apply for a new mortgage loan are at least five years less in a short sale vs. a foreclosure.
  3. A foreclosure will show up on your credit report every time you apply for a home loan, car loan, new job, etc., and will affect your financial situation for many years to come.

If you are underwater and can no longer afford your mortgage payments, you need to create a genuine strategy to avoid foreclosure, helping to provide stability for you and our community.

If you have any questions about what steps you or someone you care about should take next, contact me today at 770-356-4656 or go to my website and download free information at www.HelpingHomeownersInGA.com.

IMPORTANT GOVERNMENT DISCLOSURE: You may stop doing business with us at any time. You may accept or reject the offer of mortgage assistance we obtain from your lender (or servicer). If you reject the offer, you will not have to pay us for our services. The above brokerage is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan.


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Categories : Distressed Homeowners, Short Sales

Gwinnett County Homes Sales Updated Through February 2011

7 03 2011

The following chart has been updated to reflect all of February 2011 for Gwinnett County, GA.  These numbers include the number of sales for single family detached homes in Gwinnett County.  They do not include condo’s or townhomes. 

Homes sales were up from last month, but still down from a year ago.  Average sales price really dropped in February.  This average sales price tells us that the lower priced homes are what are selling.  And, in fact, to support this, I looked at the months of inventory in Gwinnett County for different prices ranges. 

For example, homes priced at less than $100,000, there is only 7 months of inventory.  What that means is that if no additional homes came on the market, it would take 7 months to absorb the inventory currently on the market.  A balanced market is typically 4 – 6 months of inventory.  Anything over 6 months is considered a “Buyer’s Market”.  In the $450,000 – $500,000 range, the months of inventory stands at 20 MONTHS!  Again, that means that the higher priced homes are not selling as well as the lower priced homes.

If you have any questions about what your home is worth, please go to www.GAHomePrices.com, fill in the requested information, and I will be happy to put together a report especially for you.  Have a Great Week!  – Joan Boudreau-Alexander, 770-356-4656, JoanRealEstate1@gmail.com


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Categories : Gwinnett County, Market Statistics

Case Shiller Price Index – Metro Atlanta Area

28 02 2011

The last Tuesday of each month, the S&P Case Shiller Price Index releases their numbers on home prices.  February 22, 2011 indicated if you lived in either San Diego or Washington DC, you would have seen year over year prices increases of 1.7% and 4.1% respectively.  The other 18 cities that this index follows were negative.  Metro Atlanta, Georgia unfortunately had a -8.0% year over year decline putting us in the bottom 3 cities with the most declines in our property values. 

In the Atlanta area, prices were down only -0.2% for December/November 2010; down -1.5% in November/October 2010.  I know none of this sounds good, but I still see the “rate” of decline slowing, which means our prices may be stabilizing in our area.

 

Please remember that real estate is local, local, local. So, just because the Metro Atlanta Geogia numbers are still showing a decline, that doesn’t mean that it’s still declining everywhere and in every neighborhood.  It really depends upon how many foreclosures and short sales are happening around you. If you are interested in your home values in your neighborhood, call me or go to www.GAHomePrices.com.   Have a Great Week!  – Joan Boudreau-Alexander, 770-356-4656, Realtor, CDPE


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Categories : Market Statistics, S&P Case-Shiller Price Index

Homesite for Sale in Gwinnett County

7 07 2010

2604 Heltonwood Court, Buford, GA 30519 in the Hidden Falls Subdivision in Gwinnett County, Lot for Sale for only $49,900.  Build your Dream Home with Your Builder or Ours!  Watch this short video to learn more about the Hidden Falls Subdivision.  For additional information, Call me, Joan Boudreau-Alexander at 770-356-4656 or click here to see the flyer http://i638.photobucket.com/albums/uu101/Joanboudreau/Client%20Flyers/Flyer2604Heltonwood.jpg.

Heltonwood Flyer:  http://i638.photobucket.com/albums/uu101/Joanboudreau/Client%20Flyers/Flyer2604Heltonwood.jpg


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Categories : Hidden Falls Subdivision

Rent or Buy – Are You Ready for Homeownership?

30 06 2010

First-time home buyers have a lot to think about these days with interest rates being the lowest in history.  Home prices in Gwinnett County, Georgia are extremely affordable; probably the lowest we will see in our lifetime.  There are also plenty of homes for sale in Gwinnett County, GA. just waiting for their new owners.

Here are a few questions that potential home buyers should ask themselves before making this important decision.  

1.       Can I afford the monthly mortgage payments?

Keeping the mortgage payment under 30% of your gross monthly income is a good rule of thumb.  If you can’t keep the mortgage payments below that, you may want to continue renting.

2.     What other debts do I have?

 Your total rent plus other credit obligations you have on a monthly basis should not exceed 40% of your gross monthly income.  This is called your back-end ratio (but let’s not get too technical).  Your other credit obligations may include student loans, car payments, and credit card debt.

3.       What is my credit score?

A high credit score indicates strong creditworthiness, and that qualifieds you for bestter interest rates on a mortgage.  Running up your credit cards to the limit and paying late will have a huge negative impact on your credit score.  Today, your score needs to be around 620 in order to qualify.  Some lenders are accepting a bit lower than 620.  If your credit score is lower than this, it’s time for you to work on getting your credit improved and not the time to purchase a home.

4.       How many years will I stay in the home?

Generally, the longer you plan to live in the same place, the more it makes sense to buy.  You’ll build equity in your house and its value is likely to increase over time.  There are also great tax advantages to buying a home.  I usually tell my clients that they really need to stay in the home a minimum of 3 – 5 years.

If you would like more information, go to www.GwinnettNoDown.com or contact me directly at 770-356-4656.  Joan Boudreau-Alexander, Your First-Time Home Buyer Specialist


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