Lake Lanier Waterfront Home Sales For December 2022! Let's Check Sales Trends!

Lake Lanier Waterfront Home Sales For December 2022!  Let's Check Sales Trends!

The numbers are in for Lake Lanier home sales for the month of December 2022! Here is a brief recap of the home sales as reported in our comparative market analysis that we will provide via SlideShare later in this article.

Lake Lanier waterfront homes sold:  17

The highest home sale price was $2,075,000

The lowest home sale price was $415,000

The average home sold had four bedrooms, three bathrooms, and one-half bathrooms

The average original list price was $989,453

The average list price after price adjustments was $910,335

The average sales price was $845,754

Sales price vs list price ratio came in at 93.5 %

Average total days on the market was 67

Lake Lanier Home Sales Analysis December 2022 from Arthur Prescott

Our market analysis is generated at the beginning of each month. It is designed to show you Lake Lanier home sales statistics. Each month, we search the First Multiple Listing Service for home sales (closings) based on the following criteria:

Area: All counties with frontage on Lake Lanier. Specifically Forsyth, Dawson, Lumpkin, Hall, and Gwinnett counties.

Status: Sold (Closed Transactions)

Lake Frontage: The home must be a waterfront property on Lake Lanier as described as lake frontage in the First Multiple Listing Ser

Property Category: Our analysis includes only residential detached homes as categorized in FMLS.

This market analysis is deemed to be accurate but is not warranted. It is meant to give a general idea and overview of the current housing market for waterfront homes on Lake Lanier.

Lake Sidney Lanier Homes is the most comprehensive online source for information on Lake Lanier homes for sale and Lake Lanier area real estate. View the latest Lake Lanier home listings, foreclosures, lots, land, sales trends, and real estate topics on Lake Lanier. Arthur Prescott is an Accredited Buyer's Representative and Certified Residential Specialist with Berkshire Hathaway HomeServices Georgia Properties. He has over twenty years of Lake Lanier real estate experience. If you would like to schedule a free buyer or seller consultation, please feel free to contact us directly at www.LakeSidneyLanierHomes.com or 770-844-8484 or email us at Arthur.Prescott@BHHSGeorgia.com.

A Tree Falls On Your House... What Now? Homeowners Insurance At A Glance.

A Tree Falls On Your House... What Now?  Homeowners Insurance At A Glance...

Lake Sidney Lanier Homes is the most comprehensive online source for information on Lake Lanier homes for sale and Lake Lanier area real estate. View the latest Lake Lanier home listings, foreclosures, lots, land, sales trends, and real estate topics on Lake Lanier. Arthur Prescott is an Accredited Buyer's Representative and Certified Residential Specialist with Berkshire Hathaway HomeServices Georgia Properties. He has over twenty years of Lake Lanier real estate experience. If you would like to schedule a free buyer or seller consultation, please feel free to contact us directly at www.LakeSidneyLanierHomes.com or 770-844-8484 or email us at Arthur.Prescott@BHHSGeorgia.com.

Last Minute Tidying And Cleaning Prior To Your Next Home Showing! Here Are A Few Tips!

We have all received a call or text from a friend or family, saying they are just around the corner, and are stopping by. When selling your home, this may be more common than you think. Buyers may request a showing appointment while they are nearby. No need to panic. We have some last-minute tidying and decluttering tips.

Step 1. Nominate a clutter hiding place in each room

A coffee table with drawers for the living room, which is where you can stash the clutter that habitually builds up there. Nothing stays in the drawer once the guests have left, so it never gets too full for emergency use next time.

Repeat this idea in the entryway, with baskets for shoes, and a closet with a basket in the bottom for everything else to be (temporarily) dropped into, in the guest bath, a vanity with drawer space, and in the kitchen, everything goes into the dishwasher.

Step 2. Open Windows

Opening windows for just 10 minutes can make a stale room instantly fresher. Keep a full stock of scented candles to make your home smell nice. A house that smells nice seems cleaner than one that isn't.

Step 3. Wipe Down Surfaces with a Scented Spray

Guests tend to spend most of their time in the kitchen. It is the normal gathering place, so wiping down the surfaces is a must-do. Use a scented, natural cleaning spray for this job. It does the task well, but, more importantly, doesn't leave a chemical smell behind that will clash with your candles. It's mild enough to use in the living room, too, just in case you gather there.

Step 4. Flip and Fluff Pillows

'Flip and fluff', meaning quickly turning all the cushions and pillows around, giving each a quick bash as you go. It's quick but effective.

Lake Sidney Lanier Homes is the most comprehensive online source for information on Lake Lanier homes for sale and Lake Lanier area real estate. View the latest Lake Lanier home listings, foreclosures, lots, land, sales trends, and real estate topics on Lake Lanier. Arthur Prescott is an Accredited Buyer's Representative and Certified Residential Specialist with Berkshire Hathaway HomeServices Georgia Properties. He has over twenty years of Lake Lanier real estate experience. If you would like to schedule a free buyer or seller consultation, please feel free to contact us directly at www.LakeSidneyLanierHomes.com or 770-844-8484 or email us at Arthur.Prescott@BHHSGeorgia.com.

A Few Housing Market Predictions For 2023

Housing Market Predictions for 2023

The market will remain opportunistic for those who approach the market with expert counsel and guidance and a true understanding of the advantages of homeownership. This is especially the case when you view, in proper perspective, the historic landscape of the market over the years and the true value of homeownership and wealth equity growth and preservation through real estate.

According to Lawrence Yun, chief economist for the National Association of REALTORS® (NAR), supply and demand issues will continue to keep prices elevated through the end of 2022. This trend will continue in 2023 but at lower levels. Yun added he doesn’t see a repeat of 2007–2008 or “a second real estate bubble” where home values dropped dramatically due to a variety of factors. Instead, Yun sees home values to be up or down 5% in 2023.

Even with inflation and rising mortgage rates, Yun also said it is still a good time to invest in real estate. If there is any benefit to inflation, it is those who have a long-term loan, and a mortgage is the biggest debt most people take on in their lives, per Yun.

Those that are jumping into the real estate market now, can also refinance even two years down the road when mortgage rates are more favorable. Homebuyers can find savings the longer a house is on the market. While homes nationally priced right in desirable locations will never be on the market long, and often go for well above the list price. NAR found that 51% of homes are sold at or above the list price.

Lake Sidney Lanier Homes is the most comprehensive online source for information on Lake Lanier homes for sale and Lake Lanier area real estate. View the latest Lake Lanier home listings, foreclosures, lots, land, sales trends, and real estate topics on Lake Lanier. Arthur Prescott is an Accredited Buyer's Representative and Certified Residential Specialist with Berkshire Hathaway HomeServices Georgia Properties. He has over twenty years of Lake Lanier real estate experience. If you would like to schedule a free buyer or seller consultation, please feel free to contact us directly at www.LakeSidneyLanierHomes.com or 770-844-8484 or email us at Arthur.Prescott@BHHSGeorgia.com.

Lake Lanier Waterfront Home Sales For November 2022! Let's Check Sales Trends!

Lake Lanier Waterfront Home Sales For November 2022!  Let's Check Sales Trends!

The numbers are in for Lake Lanier home sales for the month of November 2022! Here is a brief recap of the home sales as reported in our comparative market analysis that we will provide via SlideShare later in this article.

Lake Lanier waterfront homes sold:  19

The highest home sale price was $2,425,000

The lowest home sale price was $250,000

The average home sold had four bedrooms, three bathrooms, and one half bathrooms

The average original list price was $1,126,416

The average list price after price adjustments was $1,117,726

The average sales price was $1,052,653

Sales price vs list price ratio came in at 93.9 %

Average total days on the market was 58

Lake Lanier Home Sales Analysis November 2022 from Arthur Prescott

Our market analysis is generated at the beginning of each month. It is designed to show you Lake Lanier home sales statistics. Each month, we search the First Multiple Listing Service for home sales (closings) based on the following criteria:

Area: All counties with frontage on Lake Lanier. Specifically Forsyth, Dawson, Lumpkin, Hall, and Gwinnett counties.

Status: Sold (Closed Transactions)

Lake Frontage: The home must be a waterfront property on Lake Lanier as described as lake frontage in the First Multiple Listing Ser

Property Category: Our analysis includes only residential detached homes as categorized in FMLS.

This market analysis is deemed to be accurate but is not warranted. It is meant to give a general idea and overview of the current housing market for waterfront homes on Lake Lanier.

Lake Sidney Lanier Homes is the most comprehensive online source for information on Lake Lanier homes for sale and Lake Lanier area real estate. View the latest Lake Lanier home listings, foreclosures, lots, land, sales trends, and real estate topics on Lake Lanier. Arthur Prescott is an Accredited Buyer's Representative and Certified Residential Specialist with Berkshire Hathaway HomeServices Georgia Properties. He has over twenty years of Lake Lanier real estate experience. If you would like to schedule a free buyer or seller consultation, please feel free to contact us directly at www.LakeSidneyLanierHomes.com or 770-844-8484 or email us at Arthur.Prescott@BHHSGeorgia.com.

Lake Lanier Waterfront Home Sales For October 2022! Let's Check Sales Trends!

Lake Lanier Waterfront Home Sales For October 2022!  Let's Check Sales Trends!

The numbers are in for Lake Lanier home sales for the month of October 2022! Here is a brief recap of the home sales as reported in our comparative market analysis that we will provide via SlideShare later in this article.

Lake Lanier waterfront homes sold:  17

The highest home sale price was $3,200,000

The lowest home sale price was $250,000

The average home sold had four bedrooms, four bathrooms, and no half bathrooms

The average original list price was $1,111,935

The average list price after price adjustments was $1,056,129

The average sales price was $982,824

Sales price vs list price ratio came in at 94.1 %

Average total days on the market was 49

Lake Lanier Home Sales Analysis October 2022.pdf from Arthur Prescott

Our market analysis is generated at the beginning of each month. It is designed to show you Lake Lanier home sales statistics. Each month, we search the First Multiple Listing Service for home sales (closings) based on the following criteria:

Area: All counties with frontage on Lake Lanier. Specifically Forsyth, Dawson, Lumpkin, Hall, and Gwinnett counties.

Status: Sold (Closed Transactions)

Lake Frontage: The home must be a waterfront property on Lake Lanier as described as lake frontage in the First Multiple Listing Ser

Property Category: Our analysis includes only residential detached homes as categorized in FMLS.

This market analysis is deemed to be accurate but is not warranted. It is meant to give a general idea and overview of the current housing market for waterfront homes on Lake Lanier.

Lake Sidney Lanier Homes is the most comprehensive online source for information on Lake Lanier homes for sale and Lake Lanier area real estate. View the latest Lake Lanier home listings, foreclosures, lots, land, sales trends, and real estate topics on Lake Lanier. Arthur Prescott is an Accredited Buyer's Representative and Certified Residential Specialist with Berkshire Hathaway HomeServices Georgia Properties. He has over twenty years of Lake Lanier real estate experience. If you would like to schedule a free buyer or seller consultation, please feel free to contact us directly at www.LakeSidneyLanierHomes.com or 770-844-8484 or email us at Arthur.Prescott@BHHSGeorgia.com.

Some Home-Closing Costs Are Worth Negotiating

Closing costs are 2-5 percent of the purchase price of a home, resulting in an average of $3,700 in fees for the paperwork required to buy a house. That’s a lot of money to come up with when you may have already put everything toward a down payment.

Some fees from mortgage lenders are required by federal law to be the same, and there isn’t much you can do to change these costs listed in a HUD settlement statement — origination, underwriting, administrative, and doc-preparation, among others.Other closing costs, however, can be negotiated. Here are some to check into:

Lender fees: All customers must legally be charged the same lender fees by a lender, so you can’t negotiate them. But you can shop around for a lender with low fees, as seen in their good faith estimates, which shouldn’t differ from the HUD statement.

Higher loan rate: If you’re willing to pay a higher loan rate, then lenders will discount the fees. Those can be added to the loan and are seen through a slightly higher monthly mortgage payment.

Title insurance: This type of insurance is required to protect the lender and you if there are undiscovered liens against the property. Shop around for lower title insurance or negotiate the fee.

Home insurance: Lenders require a home insurance policy, which can cost from $300 to $1,000 a year, depending on where you live and the type of home. Shop for an insurer that offers discounts for certain factors, such as having multiple policies, a new roof, or specific home improvements.

Negotiate with the seller: If you’re in a buyer’s market, ask a home seller to cover part of your closing costs. The worst that can happen is they say no.

Add costs to the loan: If none of these tactics work and you still have difficulty paying closing costs, ask your lender to add them to the loan. Instead of paying these costs all at once, you’ll be able to pay them over 30 years or however long your home loan is for; you won’t feel the financial pain as much over time.

Lake Sidney Lanier Homes is the most comprehensive online source for information on Lake Lanier homes for sale and Lake Lanier area real estate. View the latest Lake Lanier home listings, foreclosures, lots, land, sales trends, and real estate topics on Lake Lanier. Arthur Prescott is an Accredited Buyer's Representative and Certified Residential Specialist with Berkshire Hathaway HomeServices Georgia Properties. He has over twenty years of Lake Lanier real estate experience. If you would like to schedule a free buyer or seller consultation, please feel free to contact us directly at www.LakeSidneyLanierHomes.com or 770-844-8484 or email us at Arthur.Prescott@BHHSGeorgia.com.

Lake Lanier Waterfront Home Sales For September 2022! Let's Check Sales Trends!

Lake Lanier Waterfront Home Sales For September 2022!  Let's Check Sales Trends!

The numbers are in for Lake Lanier home sales for the month of September 2022! Here is a brief recap of the home sales as reported in our comparative market analysis that we will provide via SlideShare later in this article.

Lake Lanier waterfront homes sold:  25

The highest home sale price was $2,600,000

The lowest home sale price was $543,000

The average home sold had four bedrooms, three bathrooms, and one half bathrooms

The average original list price was $1,274,648

The average list price after price adjustments was $1,161,148

The average sales price was $1,111,341

Sales price vs list price ratio came in at 95.6 %

Average total days on the market was 39

Lake Lanier Home Sales Analysis September 2022 from Arthur Prescott

Our market analysis is generated at the beginning of each month. It is designed to show you Lake Lanier home sales statistics. Each month, we search the First Multiple Listing Service for home sales (closings) based on the following criteria:

Area: All counties with frontage on Lake Lanier. Specifically Forsyth, Dawson, Lumpkin, Hall, and Gwinnett counties.

Status: Sold (Closed Transactions)

Lake Frontage: The home must be a waterfront property on Lake Lanier as described as lake frontage in the First Multiple Listing Ser

Property Category: Our analysis includes only residential detached homes as categorized in FMLS.

This market analysis is deemed to be accurate but is not warranted. It is meant to give a general idea and overview of the current housing market for waterfront homes on Lake Lanier.

Lake Sidney Lanier Homes is the most comprehensive online source for information on Lake Lanier homes for sale and Lake Lanier area real estate. View the latest Lake Lanier home listings, foreclosures, lots, land, sales trends, and real estate topics on Lake Lanier. Arthur Prescott is an Accredited Buyer's Representative and Certified Residential Specialist with Berkshire Hathaway HomeServices Georgia Properties. He has over nineteen years of Lake Lanier real estate experience. If you would like to schedule a free buyer or seller consultation, please feel free to contact us directly at www.LakeSidneyLanierHomes.com or 770-844-8484 or email us at Arthur.Prescott@BHHSGeorgia.com.

Higher Mortgage Rates Vexing Homeowners Who Want to Sell

Homeowners who previously locked in low mortgage rates face the dilemma of whether to sell and take on a significantly higher rate, or stay put and keep their low rate locked in. Wall Street Journal housing market reporter Nicole Friedman joins host J.R. Whalen to discuss the issue and the potential effect on home prices.

Listen Here

Lake Sidney Lanier Homes is the most comprehensive online source for information on Lake Lanier homes for sale and Lake Lanier area real estate. View the latest Lake Lanier home listings, foreclosures, lots, land, sales trends, and real estate topics on Lake Lanier. Arthur Prescott is an Accredited Buyer's Representative and Certified Residential Specialist with Berkshire Hathaway HomeServices Georgia Properties. He has over nineteen years of Lake Lanier real estate experience. If you would like to schedule a free buyer or seller consultation, please feel free to contact us directly at www.LakeSidneyLanierHomes.com or 770-844-8484 or email us at Arthur.Prescott@BHHSGeorgia.com.

Lake Lanier Waterfront Home Sales For August 2022! Let's Check Sales Trends!

Lake Lanier Waterfront Home Sales For August 2022!  Let's Check Sales Trends!

The numbers are in for Lake Lanier home sales for the month of August 2022! Here is a brief recap of the home sales as reported in our comparative market analysis that we will provide via SlideShare later in this article.

Lake Lanier waterfront homes sold:  38

The highest home sale price was $3,200,000

The lowest home sale price was $280,000

The average home sold had four bedrooms, three bathrooms, and one half bathrooms

The average original list price was $1,115,803

The average list price after price adjustments was $1,052,039

The average sales price was $1,015,208

Sales price vs list price ratio came in at 91.58 %

Average total days on the market was 41

Lake Lanier Home Sales Analysis August 2022.pdf from Arthur Prescott

Our market analysis is generated at the beginning of each month. It is designed to show you Lake Lanier home sales statistics. Each month, we search the First Multiple Listing Service for home sales (closings) based on the following criteria:

Area: All counties with frontage on Lake Lanier. Specifically Forsyth, Dawson, Lumpkin, Hall, and Gwinnett counties.

Status: Sold (Closed Transactions)

Lake Frontage: The home must be a waterfront property on Lake Lanier as described as lake frontage in the First Multiple Listing Ser

Property Category: Our analysis includes only residential detached homes as categorized in FMLS.

This market analysis is deemed to be accurate but is not warranted. It is meant to give a general idea and overview of the current housing market for waterfront homes on Lake Lanier.

Lake Sidney Lanier Homes is the most comprehensive online source for information on Lake Lanier homes for sale and Lake Lanier area real estate. View the latest Lake Lanier home listings, foreclosures, lots, land, sales trends, and real estate topics on Lake Lanier. Arthur Prescott is an Accredited Buyer's Representative and Certified Residential Specialist with Berkshire Hathaway HomeServices Georgia Properties. He has over nineteen years of Lake Lanier real estate experience. If you would like to schedule a free buyer or seller consultation, please feel free to contact us directly at www.LakeSidneyLanierHomes.com or 770-844-8484 or email us at Arthur.Prescott@BHHSGeorgia.com.