This is about one of those "back burner" issues for some of you. I'd like to see you move it up front and really start something cooking.
Let me tell you about an experience I had Thursday afternoon, May 22nd. There was an "After Hours" get-together for members of the business community sponsored by the Ellaville-Schley County Chamber of Commerce and held at Southern Paint and Body Shop in Ellaville.
It was a real nice event hosted by Jeff Williams and his family. They had some delicious refreshments on hand, and gave out a lot of door prizes. (I drew the prize for an oil change, and could have kicked myself for having gotten one just the day before. Oh, well, I'll need anoher oil change in due time.)
What I came away with, besides my door prize, was a very positive impression of business people in Ellaville and Schley County. They are moving forward, and they are making a difference.
Recognizing the truth that there is strength in numbers, many local business owners are members and supporters of the Chamber of Commerce. Together they are building a stronger economy for their area, and everyone will benefit from their can-do spirit.
The chamber's motto is "Schley County Spirit of Success." If you attended the "After Hours" gathering, you were a part of this forward looking "spirit." It is contagious.
Ellaville and Schley County are up and coming. I hope you, as a business owner, are a part of the progress. If chamber membership has been on the "back burner" in your case, you owe it to yourself and your business to move it up front.
Be a part of an organization that is actively engaged in making Ellaville and Schley County a great place to live and raise a family. The "spirit" is moving, and all of us business owners collectively can move forward with it.
Chamber membership is a wise investment in your community, and that means an investment in your business. Be a part of it. Call 229-937-2262 for more information and to get an application.
Friday, May 23, 2008
Sunday, May 18, 2008
Lots of properties for sale, not enough buyers
Sunday, May 18, 2008
This morning the Americus area Multiple Listing Service (MLS) had 160 residential listings, 24 commercial and 96 land listings. These are the highest numbers of properties listed for sale on our local MLS in the 12 years I've been a member of it. What do these numbers tell us?
We have many properties for sale in our area, and not many of them are being bought. In past years, homes, land and commercial listings seemed to sell sooner than they do now, and the inventory of properties for sale did not build up to the high numbers we are experiencing today.
I'm personally aware of this trend because my own listings are not selling. They're not even getting offers. What's the problem?
Basically, the buyers just aren't there to balance off the number of available properties. Supply exceeds demand. That makes it a buyer's market; however, many would-be buyers cannot get mortgage loans these days. In recent years mortgage money seemed easier to get, and lenders took more risks with questionable buyers. Now they seem to have tightened their grip on the mortgage money purse strings. Someone who might have gotten a loan just a year ago cannot get one now.
This tightening up of mortgage money means fewer qualified buyers. Meanwhile the inventory of unsold properties grows. That's why it is at its highest point in my memory. As recently as a year ago 130 residential listings would have been considered an over-abundance. Now we're at 160, and it may go higher.
This is bad news for sellers, but good news for buyers; that is, for buyers who can get loans.
If you're thnking about buying a house or some land, your first contact should be with a lender. Get pre-approved for a loan up to a certain amount. That way you know two things: 1) you can get the money to buy a property when you find one you want, and 2) you know your price range.
Surprisingly, most would-be buyers do it backwards. They look at houses or land first, maybe even enter into a contract with the seller, and then go to a lender to see if they can borrow enough money to buy something. Half the time they learn that they cannot. So, everyone's time has been wasted. On the other hand, the pre-approved buyer is ready to go with an offer and an earnest money deposit when he or she chooses to buy a property in his or her price range.
In many cases, the pre-approved buyer beats out an unapproved buyer for a property because the one is prepared to buy it and the other isn't. Sellers, especially these days, are eager to make deals, and they almost always go with the pre-approved buyer over one who doesn't know where the money is coming from to buy the property.
While we're on the subject of getting pre-approved for a mortgage loan, may I strongly suggest that you do business with a local lender. You need a lender who shares with you an interest in your community, someone you will see at the grocery store, at church, or in your civic club. Some out-of-town lenders will promise you the moon, but can't deliver. Their deals often fall apart at the last minute, leaving you without the ability to pay for the house or the land you had your hopes set on. You will never hear from that lender again, and you are back on square one. Not to mention, you have one very unhappy seller who made a contract with you. Don't let that happen.
Do you have any questions about available properties in Americus, Ellaville and the surrounding area? Questions about the loan application process? Please call or email me, and let's chat. My number is 229-924-3089 and my email is: michael@michaeldixonrealty.com. I have a slogan: Asking the right questions up front could save you money at closing. Please ask.
This morning the Americus area Multiple Listing Service (MLS) had 160 residential listings, 24 commercial and 96 land listings. These are the highest numbers of properties listed for sale on our local MLS in the 12 years I've been a member of it. What do these numbers tell us?
We have many properties for sale in our area, and not many of them are being bought. In past years, homes, land and commercial listings seemed to sell sooner than they do now, and the inventory of properties for sale did not build up to the high numbers we are experiencing today.
I'm personally aware of this trend because my own listings are not selling. They're not even getting offers. What's the problem?
Basically, the buyers just aren't there to balance off the number of available properties. Supply exceeds demand. That makes it a buyer's market; however, many would-be buyers cannot get mortgage loans these days. In recent years mortgage money seemed easier to get, and lenders took more risks with questionable buyers. Now they seem to have tightened their grip on the mortgage money purse strings. Someone who might have gotten a loan just a year ago cannot get one now.
This tightening up of mortgage money means fewer qualified buyers. Meanwhile the inventory of unsold properties grows. That's why it is at its highest point in my memory. As recently as a year ago 130 residential listings would have been considered an over-abundance. Now we're at 160, and it may go higher.
This is bad news for sellers, but good news for buyers; that is, for buyers who can get loans.
If you're thnking about buying a house or some land, your first contact should be with a lender. Get pre-approved for a loan up to a certain amount. That way you know two things: 1) you can get the money to buy a property when you find one you want, and 2) you know your price range.
Surprisingly, most would-be buyers do it backwards. They look at houses or land first, maybe even enter into a contract with the seller, and then go to a lender to see if they can borrow enough money to buy something. Half the time they learn that they cannot. So, everyone's time has been wasted. On the other hand, the pre-approved buyer is ready to go with an offer and an earnest money deposit when he or she chooses to buy a property in his or her price range.
In many cases, the pre-approved buyer beats out an unapproved buyer for a property because the one is prepared to buy it and the other isn't. Sellers, especially these days, are eager to make deals, and they almost always go with the pre-approved buyer over one who doesn't know where the money is coming from to buy the property.
While we're on the subject of getting pre-approved for a mortgage loan, may I strongly suggest that you do business with a local lender. You need a lender who shares with you an interest in your community, someone you will see at the grocery store, at church, or in your civic club. Some out-of-town lenders will promise you the moon, but can't deliver. Their deals often fall apart at the last minute, leaving you without the ability to pay for the house or the land you had your hopes set on. You will never hear from that lender again, and you are back on square one. Not to mention, you have one very unhappy seller who made a contract with you. Don't let that happen.
Do you have any questions about available properties in Americus, Ellaville and the surrounding area? Questions about the loan application process? Please call or email me, and let's chat. My number is 229-924-3089 and my email is: michael@michaeldixonrealty.com. I have a slogan: Asking the right questions up front could save you money at closing. Please ask.
Wednesday, May 7, 2008
Real estate closing brought lots of smiles
Tuesday, May 06, 2008
Yesterday I had the pleasure of attending a closing on the purchase and sale of a property. This particular property had been on the market for many months. The owner must have wondered if a buyer would ever come along. It's easy for sellers to despair of ever selling their property, but we REALTORS know this: There is someone for every property. Eventually, that buyer and that seller find each other. In most cases they are introduced by a real estate professional.
That's what we REALTORS do; we bring buyers and sellers together and help them reach an agreement. Believe it or not, the real pleasure for most of us is seeing the smiles on the faces of the buyer and seller when they have completed their transaction. To know that we real estate agents had a role in making it happen is priceless. (Of course, we are happy to be compensated for our efforts, too, so we can pay our bills.)
In the transaction yesterday the buyers were a young couple buying their first home. They were obviously happy about it. The seller likewise was delighted to finally have sold his property. The seller was off to the bank with his check, and the buyers were off to their new home and their future together. The two REALTORS involved, one working with the seller and the other working with the buyers, shared the joy of the occasion as did the attorney and his co-worker who prepared the legal documents and closed the transaction. Everybody won.
If you were one of those involved, and you're reading this, you know who you are. Thanks very much for making my day. And, yes, thanks to the mortgage lender at the bank who provided the buyers' mortgage loan and made it all possible.
I am writing this while sitting in the swing on my back porch. It's another beautiful day. I worked in the yard earlier today, and noticed that we are very much in need of rain. There's a 30 or 40 percent chance of it predicted for Thursday. I surely hope it materializes.
As soon as I finish writing this blog, I'm going up to Concord in Schley County to take some pictures of an old house. It's the house I lived in for the first five and a half years of my life, and it its dear to my heart. The house served as both a dwelling and a post office from 1888 to 1905, and it is on the National Directory of Historic Places. It was called the Schley Post Office when it was first opened. Eventually it became known as the Patton-Hill Post Office. The Americus Times-Recorder is planning to publish a story and photo of the old post office and house in an upcoming edition of the Ellaville and Schley County Scene section of the newspaper.
Some baby birds are learning to eat seeds at the bird feeder in my back yard. Looks like a good crop of new songbirds coming along. The squirrels are having a fit to get into the bird feeder, but they can't. They will have to be satisfied with the seeds that the birds scatter on the ground.
OK, off I go to Concord.
Yesterday I had the pleasure of attending a closing on the purchase and sale of a property. This particular property had been on the market for many months. The owner must have wondered if a buyer would ever come along. It's easy for sellers to despair of ever selling their property, but we REALTORS know this: There is someone for every property. Eventually, that buyer and that seller find each other. In most cases they are introduced by a real estate professional.
That's what we REALTORS do; we bring buyers and sellers together and help them reach an agreement. Believe it or not, the real pleasure for most of us is seeing the smiles on the faces of the buyer and seller when they have completed their transaction. To know that we real estate agents had a role in making it happen is priceless. (Of course, we are happy to be compensated for our efforts, too, so we can pay our bills.)
In the transaction yesterday the buyers were a young couple buying their first home. They were obviously happy about it. The seller likewise was delighted to finally have sold his property. The seller was off to the bank with his check, and the buyers were off to their new home and their future together. The two REALTORS involved, one working with the seller and the other working with the buyers, shared the joy of the occasion as did the attorney and his co-worker who prepared the legal documents and closed the transaction. Everybody won.
If you were one of those involved, and you're reading this, you know who you are. Thanks very much for making my day. And, yes, thanks to the mortgage lender at the bank who provided the buyers' mortgage loan and made it all possible.
I am writing this while sitting in the swing on my back porch. It's another beautiful day. I worked in the yard earlier today, and noticed that we are very much in need of rain. There's a 30 or 40 percent chance of it predicted for Thursday. I surely hope it materializes.
As soon as I finish writing this blog, I'm going up to Concord in Schley County to take some pictures of an old house. It's the house I lived in for the first five and a half years of my life, and it its dear to my heart. The house served as both a dwelling and a post office from 1888 to 1905, and it is on the National Directory of Historic Places. It was called the Schley Post Office when it was first opened. Eventually it became known as the Patton-Hill Post Office. The Americus Times-Recorder is planning to publish a story and photo of the old post office and house in an upcoming edition of the Ellaville and Schley County Scene section of the newspaper.
Some baby birds are learning to eat seeds at the bird feeder in my back yard. Looks like a good crop of new songbirds coming along. The squirrels are having a fit to get into the bird feeder, but they can't. They will have to be satisfied with the seeds that the birds scatter on the ground.
OK, off I go to Concord.
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