The Fauscett Team's North Georgia Real Estate Bloghttp://www.TheFauscettTeam.com/blogGainesville GA real estate market news provided by Keller Williams Realty Lanier PartnersMon, 09 Jun 2008 14:48:00 GMTForeclosed HomesCheck out this list of our current foreclosed homes we have on the market right now.

Click HERE to see!!!

 

]]>http://www.thefauscettteam.com/Blog/Foreclosed-Homeshttp://www.thefauscettteam.com/Blog/Foreclosed-HomesFri, 23 Jul 2010 17:00:00 GMTSee our Blog Herehttp://thefauscettteam.wordpress.com/

]]>http://www.thefauscettteam.com/Blog/See-our-Blog-Herehttp://www.thefauscettteam.com/Blog/See-our-Blog-HereFri, 19 Mar 2010 12:35:00 GMTReal Estate NewsClick on this link to view Real Estate News.

]]>http://www.thefauscettteam.com/Blog/Real-Estate-Newshttp://www.thefauscettteam.com/Blog/Real-Estate-NewsWed, 19 Aug 2009 09:11:00 GMTPost TitleCheck out this House

]]>http://www.thefauscettteam.com/Blog/Post-Titlehttp://www.thefauscettteam.com/Blog/Post-TitleMon, 08 Jun 2009 14:53:00 GMTHappy Valentines Day! Click to play TFT Valentines Card Create your own greeting - Powered by Smilebox Make a Smilebox greeting ]]>http://www.thefauscettteam.com/Blog/Happy-Valentines-Dayhttp://www.thefauscettteam.com/Blog/Happy-Valentines-DayThu, 12 Feb 2009 10:33:00 GMTBill Just Passed the Senate!A bill just passed the senate that will make you want to purchase a home NOW! We will be waiting as this legislation is sent to Congress and finally the President’s desk for the final signature.

 

Here are some of the things that this bill would do:

  • Provide a direct tax credit to any one who purchases any home!
  • Amount of the tax credit would equal 10% of the purchase price or $15,000, whichever is less
  • Purchases must be made within one year of this legislation being enacted
  • This tax credit would not to be repaid
  • Taxpayers would be able to claim the credit on their 2008 income tax return
  • This will only apply to the purchase of a principal residence
  • The Credit would be recaptured if the home sold within two years of purchase
  • This would sunset the current $7,500 housing tax credit on the date of enactment

Check with your preferred mortgage specialist to find out what information they have on this exciting possibility.

]]>http://www.thefauscettteam.com/Blog/Bill-Just-Passed-the-Senatehttp://www.thefauscettteam.com/Blog/Bill-Just-Passed-the-SenateTue, 10 Feb 2009 09:50:00 GMT2009HAPPY NEW YEAR EVERYONE!!!!

Foreclosure Listings

Foreclosure Information

]]>http://www.thefauscettteam.com/Blog/2009http://www.thefauscettteam.com/Blog/2009Wed, 31 Dec 2008 15:12:00 GMTOur Foreclosure ListingsTo check out a list of our current foreclosure listings and their statuses click on this link.

Foreclosure List

]]>http://www.thefauscettteam.com/Blog/Our-Foreclosure-Listingshttp://www.thefauscettteam.com/Blog/Our-Foreclosure-ListingsFri, 05 Dec 2008 11:04:00 GMTPrice Reduction!3031 Saddle Creek Drive to $104,900.]]>http://www.thefauscettteam.com/Blog/Price-Reductionhttp://www.thefauscettteam.com/Blog/Price-ReductionMon, 27 Oct 2008 11:19:00 GMTPrice Reductions!We have reduced the price on two of our listings.

3846 Chase Drive is now at $104,900

and

5105 Hillcrest Glen Drive is now at $109,900

]]>http://www.thefauscettteam.com/Blog/Price-Reductionshttp://www.thefauscettteam.com/Blog/Price-ReductionsWed, 22 Oct 2008 13:43:00 GMTTwo New Homes for SaleWe have two new listings that I want to let everyone know about

3005 Highview Court Gainesville, GA 30506

4BD/2.5BA on .59 acres in a nice neighborhood. For more information click here.

44 Mary's Lane Cleveland, GA 30528

Lender Owned! Nice home on 1 acre of land. For more information click here.

]]>http://www.thefauscettteam.com/Blog/Two-New-Homes-for-Salehttp://www.thefauscettteam.com/Blog/Two-New-Homes-for-SaleTue, 21 Oct 2008 10:18:00 GMTRemembering 9/11The Fauscett Team is remembering and honoring those that perished on this day in 2001. Our thoughts and prays go out to all their loved ones.

Flight 93 Memorial

Pentagon Memorial

9/11 Memorial Website

9/11 Memorial Website

Some Pictures of the Memorials erected in honor of this day.

]]>http://www.thefauscettteam.com/Blog/Remembering-911http://www.thefauscettteam.com/Blog/Remembering-911Thu, 11 Sep 2008 10:59:00 GMTCell Phones and TelemarketingREMINDER....all cell phone numbers are being released to telemarketing companies tomorrow and you will start to receive sale calls. YOU WILL BE CHARGED FOR THESE CALLS. To prevent this, call the following number from your cell phone: 888-382-1222. It is the National DO NOT CALL list. It will only take a minute of your time. It blocks your number for five (5) years. You must call from the cell phone number you want to have blocked. You cannot call from a different phone number... HELP OTHERS BY PASSING THIS ON TO ALL YOUR FRIENDS. It takes about 20 seconds.

 

Please pass around the information.  OR go to: http://www.donotcall.gov/ 

]]>http://www.thefauscettteam.com/Blog/Cell-Phones-and-Telemarketinghttp://www.thefauscettteam.com/Blog/Cell-Phones-and-TelemarketingWed, 03 Sep 2008 09:29:00 GMT2008 Gainesville-Hall County ReportsIf you are looking for more current information on Gainesville-Hall Counter that here is a copy of the 2008 Gainesville-Hall County Economic Report and 2008 Economic Development Councel Report.

]]>http://www.thefauscettteam.com/Blog/2008-GainesvilleHall-County-Reportshttp://www.thefauscettteam.com/Blog/2008-GainesvilleHall-County-ReportsTue, 12 Aug 2008 11:38:00 GMTThe Olympics Will be Starting SoonSubmitted by Sarah Frech

I am very excited about the Olympics. My personal favorite is Gymnastics. I found this widget and thought I would share it. You can put it on your websites or on your MySpace/Facebook, etc. pages.

 

]]>http://www.thefauscettteam.com/Blog/The-Olympics-Will-be-Starting-Soonhttp://www.thefauscettteam.com/Blog/The-Olympics-Will-be-Starting-SoonTue, 05 Aug 2008 12:14:00 GMTHousing Rescue Bill

The Senate passed the Housing Rescue Bill over the weekend and sent it to the President for signature. He signed it this morning. What does this mean to you?
 
Homebuyer Tax Credit - First Time Home Buyers (those who have not owned a home for 3 years) will get a Tax Credit of up to $7500 for purchasing a home between April 9, 2008 and July 1, 2009. The credit is repayable over 15 years (making it, in effect, an interest free loan). This credit should create more movement in the market. First time home buyers will be able to buy homes from sellers that want to move up, therefore, allowing them to buy the new house they want and so on.
 
On big change for current buyers to be aware of is that this bill bans Seller Paid Down Payment Assistance effective October 1st, 2008. Meaning a buyer can not get down payment assistance funded by those who have a financial interest in the sale. This does not prohibit other assistance programs provided by other sources, churches, employers, or family members. There are only 63 days of Down Payment Assistance left. Along these lines it should be known that the down payment requirement on FHA loans will go up to 3.5% from 2.75%.
 
For further information on this new bill Realtor.com highlights the bill and provides more information.
]]>http://www.thefauscettteam.com/Blog/Housing-Rescue-Billhttp://www.thefauscettteam.com/Blog/Housing-Rescue-BillThu, 31 Jul 2008 14:17:00 GMTWhy it is a good time to Buy and Sell.Submitted by Ellen Messerschmidt

Generally speaking, the price of homes has dropped about 6%.  So if your house was worth $200,000 a year ago, today it would be worth about $188,000, a drop of about $12,000.  Many people want to wait till the market improves before they put their house on the market.  That only makes sense if you are planning on purchasing a less expensive home than the one you are selling.  Because, right now, a house that was selling for $300,000 a year ago, is selling for $282,000.  That means you would be paying about $18,000 less than you would have a year ago.  That saves you $6,000!
 
Do you see the value in buying and selling now while the market is down?  If you wait for prices to go up, it's going to cost you more money to move than it will when you purchase now. 
 
Another consideration is your bargaining power when it comes time to negotiate a contract.  Without getting your home sold first you will not have the negotiating advantage.  Let me explain why.  If you wait to list your home until you find the house you want, it will be very difficult to convince the seller to to take a contingent offer in today's market, unless it is a full price offer, and even then there is no guarantee.  Then you will have to put your house on the market and have to price it to sell very quickly.  You will be willing to accept just about any offer in order to purchase your new home.  So you will pay top dollar and sell for bottom dollar.  Doesn't make sense, does it?
 
 
Ellen Messerschmidt
Buyer's Specialist for The Fauscett Team
Keller Williams Realty Lanier Partners, Gainesville GA
770-789-2928 (cell)
770-297-7617 (fax)
www.TheFauscettTeam.com
]]>http://www.thefauscettteam.com/Blog/Why-it-is-a-good-time-to-Buy-and-Sellhttp://www.thefauscettteam.com/Blog/Why-it-is-a-good-time-to-Buy-and-SellThu, 24 Jul 2008 12:59:00 GMTJust Reduced!!!406 Holly Drive

3BR/2BA in the City of Gaiensville

Reduced to $163,900

 

]]>http://www.thefauscettteam.com/Blog/Just-Reducedhttp://www.thefauscettteam.com/Blog/Just-ReducedMon, 21 Jul 2008 12:12:00 GMT206 Kiley Drive5BD/3BA in Houschton, GA]]>http://www.thefauscettteam.com/Blog/206-Kiley-Drivehttp://www.thefauscettteam.com/Blog/206-Kiley-DriveTue, 15 Jul 2008 15:59:00 GMTForeclosures, Foreclosures, Foreclosures......Submitted by Don Smith and Sarah Frech

Today’s news broadcasts are filled with reports that the number of home foreclosures is extremely high. Georgia, in fact, is now leading the Nation in home foreclosures and the trend seems bound to continue for a while. This situation has been brought about by an assortment of factors including a period of extremely lax credit requirements, faulty appraisals, and misunderstood adjustable rate mortgage programs, just to name a few. The result has been that many people have found themselves in newly purchased homes or adjusted mortgage rates that they simply can’t afford, and that translates into foreclosure.
 
When a foreclosure occurs the lending institution or mortgage company that made the loan ends up becoming the owner of the foreclosed property. Banks, mortgage companies and other lenders do not want to be in the real estate business, but they must dispose of the foreclosed properties in order to recover the money they advanced in the original loan. Generally, this is done by listing the property with an agent or Broker who has been certified to represent the lender.
 
The Fauscett Team has a full time Foreclosed Properties (REO) Department that is headed by Don Smith. Our REO (Real Estate Owned) Department currently represents Fannie Mae, the Veteran’s Administration, Ocwen Financial Services, Countrywide Home Loans and various local lenders in the management and marketing of their foreclosed properties. We have a number of foreclosed listings in a variety of price ranges and receive new assignments on a weekly basis.
 
If you are interested in shopping the foreclose market for a personal home or for a potential investment, there are many things you need to know and many misconceptions you need to be aware of. The following are just a few tid bits that might help you more fully understand the foreclosed home market.
 
DON’T EXPECT THE DEAL OF THE CENTURY
 
Everyone wants to find a great deal and occasionally foreclosed properties can be bought under market value.  The fact of the matter is that there are hundreds of full time investors out there who do nothing but watch for under market “deals” on real estate. Many times these investors are aware of distressed properties before that foreclosure even takes place. In a lot of cases the “great deals” never make it to listing. That is not to say that good deals can not be realized by the average person, but it requires a lot of dedication and research . It is also very important that you be prepared to act quickly when a desirable property is found. If you found it, a lot of other people have found it, as well. Having your ducks in a row includes being pre-approved for necessary financing and being knowledgeable about offer procedures and necessary documentation, Generally, it is highly recommended that you work closely with an experienced real estate professional who is well versed in the foreclosure market and who can help you move quickly when you make the decision to place an offer.
 
IF IT IS PRICED LOW THERE MAY BE A REASON
 
Lenders and foreclosure companies are not in the business of losing money. There is no motivation for the lender to sell a property significantly below market value simply because it is a foreclosure. There is also no requirement that the lender or foreclosure company sell the property for the amount owed at the time of the foreclosure. Actually, the outstanding balance on a defaulted loan plays a very small part in the ultimate pricing of the property. Every attempt will be made, by the lender, to market the property at or very near market value. So, if you find what appears to be a bargain basement price on a foreclosed property you may be well advised to look deeper to determine why the price is so attractive. Often the low price is evidence that there are costly repairs needed that the lender simply did not want to perform. Since most foreclosures are sold “as is” the expense of performing those repairs will be your responsibility.
 
Most lenders and foreclosure companies make provision for an inspection period on their properties. Some allow a specific period of time to inspect after an offer has been accepted and some require that all inspections be done prior to the offer being submitted. It is important that you know the inspection provisions stipulated on the particular property you have an interest in before submitting an offer.


 
 
YOU ARE DEALING WITH A CORPORATION…NOT AN INDIVIDUAL
 
In a normal real estate transaction the parties are generally an individual home owner who is the seller and an individual buyer who wants to buy and live in the house in question. The seller generally has a personal reason or need for selling the property. Sometimes the reason or need may be financial or it may be emotional but there is usually some motivation on the part of the seller. In working with foreclosed properties you will be dealing with a business. Usually the Asset Manager who has been assigned a property will have never seen the property except in photographs supplied by the listing agent. To that Asset Manager the house you so want to buy is nothing more than a file, there is no emotion involved. It is important to remember that these businesses deal with hundreds and thousands of properties. As such they have their own rules and procedures that have to be followed without variation. Simply put, if you don’t want to play by their rules you don’t play in their game. When entering into a transaction on a foreclosed property it is a good idea to ask the listing agent to provide you or your agent with the Purchase Addendum used by the seller. The terms of the Addendum should be carefully read and you should be sure that you understand and agree to those terms. Most lenders and foreclosure companies do not allow any alteration to or variance from the terms of their addendum. You will also note that there will usually be a clause in the addendum that states that if there is a conflict between the terms of the addendum and any other document related to the transaction, the terms of the addendum will prevail. In other words, you can write what ever you want into the Georgia contract, but if it is not supported by the seller’s addendum it will have no effect on the transaction.
 
MAKE REASONABLE OFFERS
 
As was said earlier, the lenders and foreclosure companies are not in the business to lose money. If you do have a serious interest in a particular property it is important that you make serious offers. Asset Managers for these lenders and foreclosure companies are very busy people who do not favor taking the time and effort to respond to and counteroffer extremely low offers. In some cases an extremely low offer will not receive any response at all. You, or your agent, should ask the listing agent whether or not this particular seller will extend counteroffers. Many lenders and foreclosure companies have a policy that prohibits them from making counteroffers…they either accept or reject. It is also important to bear in mind that an extremely low offer may have a negative effect on your ability to negotiate down the line if the Asset Manager starts out with doubts about your sincerity in the transaction.
 
 
DON’T SHOOT THE MESSENGER
 
Most lenders and foreclosure companies utilize the services of a local real estate agent or Broker to assist them in marketing their properties. That agent or Broker is trained in how to follow the rules, procedures and guidelines of the lender as the listing agent. The listing agent does not work for the lender, he or she does not set pricing on the properties; he or she does not make the rules or establish procedures (nor does he or she have the authority to change or alter the rules and procedures); and he or she has no influence in the acceptance or negotiation process. Even though the listing agent is a representative of the lender or the seller, you should be able to look to him or her for advice and assistance in placing an offer in the proper manner. Bear in mind that it is a primary goal of the listing agent to see that the property is sold and a commission is earned. On the other hand, if you are not happy with the requirements and procedures in the offer and purchase process, remember that the listing agent is merely a middleman representing the seller. Please don’t take your frustrations out on the listing agent.
]]>http://www.thefauscettteam.com/Blog/Foreclosures-Foreclosures-Foreclosureshttp://www.thefauscettteam.com/Blog/Foreclosures-Foreclosures-ForeclosuresMon, 09 Jun 2008 14:48:00 GMT