Tuesday, August 30, 2016

Lease with the Option to Buy!

I'm often asked about Lease Purchase or Rent to Own. Because the cons often outweigh the pros, in the past, I didn't recommend it. 

Until now...Meet Home Partners of America!




How It Works
Home Partners' Lease with a Right to Purchase Program allows you to find a home that you want to rent from us initially, but may also like to buy in the next three to five years. They believe that there are many households who may be thinking about buying a home but for whatever reason would like to rent at the current time. You can lease the home for three to five one-year terms, depending on the state, and you may purchase the home from them at any time at a predetermined price.

1) Apply and Get Approved
Prospective residents start the process by filling out a Pre-Qualification Application that checks key issues.

2) Find A Home

Prospective residents will work with a REALTOR®  (that's ME! :-) to find a home in an approved community.

3) Home Partners Buys the Home, You Lease from Home Partners
Prospective residents will be required to sign a one year Lease for the home as well as a Right to Purchase Agreement.

4) Buy from Home Partners
Home Partners of America buys the home. You lease it and have the right to buy it later if you want to.

CLICK HERE for the Program Summary and VIDEO.

Call me to start on YOUR Path to Homeownership!
(404) 857-2508


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Natasha Bazile is a Financial Educator, Realtor, & Home Stager. She prides herself in being a guide to her clients and finds fulfillment in helping them achieve their goals.

Direct Phone: (404) 857-2508 

Pay Off Your Mortgage?

Becoming debt free is as much a part of the American Dream as owning a home but there certainly can be conflicting circumstances that make the decision to pay off your mortgage early unclear. 32498400-250.jpg
The advantages of paying off debt early is increased cash flow, less interest paid and a higher credit score. The disadvantages are lower cash flow available as discretionary funds for meals, entertainment and other things. If the ultimate goal is financial security, is it worth the intermediate sacrifice?
Whether you pay off your mortgage early is a personal decision that may be right for one person and not for another. Consider the following before you get started:
Reasons you should
  • Peace of mind knowing that you don’t have a mortgage
  • You’ll save interest regardless of how low your mortgage rate is
  • Lowering your housing costs before you retire
Reasons you shouldn’t
  • You can invest at a higher rate than your mortgage
  • You have other debt at a higher rate than your mortgage that needs to be paid off
  • You might need the money in the future and want to remain liquid
  • You might not qualify for a mortgage currently
  • You should pay off other debt with higher interest rates
  • Your employer has a matching retirement plan that would benefit you more
  • You have more urgent financial needs like emergency fund, life, health and disability insurance
  • You expect high inflation and the value of your mortgage debt will decrease
Use this Mortgage Accelerator to determine how quick you can pay off your mortgage.

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Natasha Bazile is a Financial Educator, Realtor, & Home Stager. She prides herself in being a guide to her clients and finds fulfillment in helping them achieve their goals.

Direct Phone: (404) 857-2508 

Tuesday, August 23, 2016

Two Negotiations

There are two negotiation periods in some home sales. The primary negotiation takes place when the contract is agreed upon that includes the price, closing and possession. Buyers and sellers alike feel relieved once this first round has resulted in an agreement but there may be more negotiations to come if there are contingencies for financing, inspections or other things.Round 1-250.png

The purpose of an inspection is for the buyer to receive an objective evaluation about the condition of the home and its components to identify existing defects and potential problems. The expense for inspections can be several hundred dollars and it’s reasonable for buyers to not want to spend the money before they find out if they can come to terms with the seller. From a different perspective, sellers want to know quickly if the buyer is going to reject the home due to the inspections.

Sometimes, buyers will expect sellers to make all of the repairs listed on the report and this is where the second round of negotiations begins. If the seller refuses, the negotiations can go back and forth until the other party accepts the offer on the table or the contract falls apart.

When purchasing a new home from a builder, it is expected for everything to be in working order; after all, it is new. However, it is reasonable to expect that existing homes, that are not new, have a different standard. While it’s understandable that buyers would want to be aware about major items that are not in “working order”, normal wear and tear of components based on its age should be expected.

In a highly competitive seller’s market, buyers might do whatever they can to get their contract accepted, realizing that there is another place to negotiate when they’re not competing with other buyers’ offers to purchase.

For this to be a WIN-WIN negotiation, both seller and buyer must feel good about the transaction. Neither party should feel that they have been taken advantage of.


Friday, August 19, 2016

SOLDbyNat.com in Atlanta, GA - Investing in Multi-family Units



CONGRATS to this young man for purchasing his 1st Duplex. While the road was bumpy at times, he made a great purchase that will later be a great investment.  

Thinking about investing in real estate? Interested in multi-family homes? Check out this Quickstart Guide! Also check out my Pinterest board for Investing.



Looking to INVEST or SELL an investment property?
Let's talk!
404-857-2508
www.SOLDbyNat.com

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Natasha Bazile is a Realtor & Home Stager. She prides herself in being a guide to her clients and finds fulfillment in helping them achieve their goals.

Direct Phone: (404) 857-2508 
www.SoldbyNat.com Email - Facebook - Twitter - YouTube

SOLDbyNat.com in Lawrenceville, GA - Light Home Staging, To Do or Not To Do?

 Another home SOLD and another client can move on to the next chapter in his life. He will be downsizing and moving closer to work and family. 

For this house, I did light Home Staging. Why? For the following reasons:
  1. I have a small inventory that I make available to my sellers as a part of my marketing package.  No additional cost to my sellers. FYI - For larger projects, I bring in a designer.
  2. The list/market price, nor the DOM (days on market) for homes in the area, justified paying $1,000 a month, for a minimum of 3 months.
  3. I knew the house would sell even if I did nothing; however, I knew warming up the home would make for better pictures, attract more buyers, make buyers feel welcomed, and ultimately lead to a higher sales price. 
Take a look below and you decide. The before pics are on top or to the left. While, it's not a dramatic change, the after photos are warmer. Do you agree? 

*DISCLAIMER - I know full-time Home Stagers will argue that light home staging doesn't work, and to that I'll argue #2 in this case. In other cases, I totally agree! For example: when selling a luxury or higher priced home and in a buyer's market. Also, check out these where I talk about the costs and pros/cons of staging more...

Home Staging - To Stage or Not to Stage?






Looking to SELL your house? Call me for a complimentary Home Evaluation!
404-857-2508
www.SOLDbyNat.com 

What is Your GA Home Worth? - Find out Now! FREE!

SOLDbyNat.com in Alpharetta, GA - Townhouses are back!


While I have SOLD more detached properties, than I have attached, the interest for them is rising again in Georgia. And fast!

Congrats to the buyer of this beautiful townhouse! It's in a great location, well maintained, a has a terrific layout (it feels like you're in a detached house).

Thinking about a townhouse or a condo? Check out...

What You Need to Know When You Buy a Townhouse

courtesy of www.TheNest.com


Looking to BUY or SELL a home (whether detached or attached :)? 
Let's chat and see if we'll be a good fit for each other!
404-857-2508
www.SOLDbyNat.com

Need to work on your Credit? Let's talk about that too.
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Natasha Bazile is a Realtor & Home Stager. She prides herself in being a guide to her clients and finds fulfillment in helping them achieve their goals.

Direct Phone: (404) 857-2508 
www.SoldbyNat.com Email - Facebook - Twitter - YouTube

SOLDbyNat.com in Monroe, GA - Do You Really Want to be a Landlord?



Congrats to this repeat client & friends (who throw the best get-togethers at their home)!

After building and living in this home for many, many years, it was time to move. Instead of selling, they went the route of renting successfully for many years. Finally, the day came when they decided to sell the house (which was one of the nicest split foyer's I've ever seen!). After some patience, this beautiful home SOLD!

I could write a post about "Making Sure You Pick the Right Lender" or "If the Lender starts acting sketchy, RUN!", because the buyer's lender put everyone through an ordeal. Especially the buyers. For example: They were relocating from Florida. They made a trip down to close, only to find out closing would be delayed another week or so. The equaled a trip back to Florida and a trip back to Georgia for the actual closing. SMH...

Instead, I'm going to dedicate this one to Homeowners who are thinking about becoming Landlords. This coming from a Realtor who has leased several properties for owners and has worn the "landlord" hat herself.

Here are

Top Ten Tips for Landlords

Courtesy of www.nolo.com

Here are 5 additional TIPS courtesy of ME...
1) While you want a good tenant (pays on time & takes good care of the house), be realistic. Requiring the tenant have perfect credit is a bit much. 

2) Don't be fooled by appearances. Thoroughly do background checks! I have had a family that I would have sworn would have been great tenants, break the lease, and left the house infested with fleas. Fleas that I unknowingly bought back to my house. It was an ABSOLUTE NIGHTMARE!

3) Be VERY clear in the lease. Be OVERLY clear in the lease. For a list of stipulations I put in my leases, email me. I'd be happy to share! Is the tenant responsible for any repairs? For example, repairs $50 and under? If a repair is needed, does the tenant call you 1st or do you want them to have the issue inspected and quoted before calling you? If they caused the damage, how is that handled.

4) At move-out, expect normal wear and tear. These are costs you have to factor in to being a landlord. If there is a scuff on the wall, you can't charge the tenant for repainting the whole house. On the other hand, there are requirements you can put in place for move-out. For example, require the tenant to have the carpet professionally cleaned and provide proof via a receipt.

5) Have a list of RELIABLE vendors on hand should the need arise. A plumber, electrician, handyman, etc. You don't want to have to scramble for these when an emergency arises. If you don't feel like handling any of this, have your property professionally managed.

Looking to SELL or LEASE your house? 
Give me a call!
404-857-2508
www.SOLDbyNat.com

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Natasha Bazile is a Realtor & Home Stager. She prides herself in being a guide to her clients and finds fulfillment in helping them achieve their goals.

Direct Phone: (404) 857-2508 
www.SoldbyNat.com Email - Facebook - Twitter - YouTube