Crispino your Atlanta Realty Connection

12/31/2019

12/13/2019

Solo un texto al 678.939.551 y le orientamos como se compra su propia casa.

05/12/2019

Feliz día de las Madres!

05/04/2019

Wonderful times together... thank you for allowing me to assist you in your home purchased experience, congratulations Hernandez - Zabala family....
Carlos Crispino - Realtor

04/27/2019

Awesome property with unlimited potencial... Congratulations!!
Carlos Crispino
Realtor
678.939.5551

04/23/2019

Making money cheaper to borrow helps potential buyers become actual homebuyers. Making money cheaper also helps homeowners save money on their mortgages. With average interest rates on a 30-year fixed rate mortgage now close to 4%, Black Knight, a mortgage data and analytics company, estimates that....

03/28/2019

Let’s look at predictions about home prices, home sales volumes and mortgage rates for 2019 – 2020 from a variety of different sources.

Beginning with home prices, CoreLogic reported that home prices rose +2.8% to a median price of $247,500 nationwide in 2018. Despite prices of detached homes falling $9,400 from 2017 and the National Association of REALTORS® (NAR) reporting that sales prices dropped $3,700 to $253,000 from November 2018, December 2018 saw the 82nd straight month of home price increases.

NAR indicated that the real story in 2018 home prices was the price drop in lower priced homes. Take a look:

$50,000 – $100,000 homes dropped -14.8% in price
$100,000 – $250.000 homes dropped -9.7% in price
$250,000 – $500,000 homes dropped -3.2% in price
$500,000 – $750,000 homes dropped -5.3%
$750,000 – $1M homes dropped -1.7% in price
$1M + homes dropped -3.2% in price
All that being said, CoreLogic predicts that home prices will rise +5% in the next nine months.

Home sales volumes in 2018, according to CoreLogic, dropped -8.5% compared with 2017. This is the lowest home sales volume since 2015. NAR reported that home sales volume nationwide fell -6.4% in December 2018.

Significantly, NAR reported that single-family home sales dropped nationwide -10.1% nationwide and -14,1% in the West.

NAR predicts that, despite sales slowing in 2019 – 2020, “house hungry” middle class Millennials and powerful economic performances will outweigh “housing crash” indicators.

The Mortgage Rate Forecast from Longforecast.com looks like this for 2019 – 2020:

April 2019 – 3.74
June 2019 – 3.87
August 2019 – 4.10
October 2019 – 4.19
December 2019 – 4.15
February 2020 – 4.35
April 2020 – 4.46
June 2020 – 4.84
August 2020 – 5.09
October 2020 – 5.08
December 2020 – 5.13
* These predictions may change due to the Fed’s latest statements about keeping rates stable for the remainder of 2019!!!

What’s Ahead?

CoreLogic predicts that home prices will rise +5% in 2019 and that the average monthly mortgage payment could rise from last fall’s $912/month to $994/month by the end of 2019.

Zillow predicts that the average price of an existing home at $222,000 could rise +$12,000 or +6.4% by late 2019.

Experts agree that the most expensive cities to buy a home will be San Jose, San Francisco, Los Angeles and San Diego in 2019 – 2020. They agree that the most positive equity cities will be San Jose, Honolulu and San Francisco. And they agree that the most negative equity cities will be Chicago, Las Vegas, Virginia Beach, Baltimore and Memphis.

Carlos Crispino
Realtor
678.939.5551

03/27/2019

Open House Tips for first time home buyers

Here are some tips you can offer to your first-time home shoppers:

No appointments are necessary to go to an open house unless the listing agent posts a sign that says “By Appointment Only.”
Shoppers should give themselves approximately 30-mintes to see the property and ask questions.
Shoppers should avoid showing up 5 minutes before the posted end time of the open house. No point in annoying the showing agent or seller who wants to get back into the house.
Home shoppers do not have to have a real estate agent in order to go to an open house however, if the shopper already has an agent, make sure to tell the showing agent the name of the representing agent if/when the showing agent asks.
Make sure to sign the sign-in sheet/book if interested in the home.
The sign-in sheet/book shows the seller how much traffic the open house generated.
However, if the shopper is NOT interested in the home, don’t sign the book.
If the shopper is not interested in that home BUT is interested in others in the neighborhood, sign the book and expect to be solicited by the showing agent.
Do NOT be pressured into signing a contract at an open house on the spot.
If the shopper is coming to the open house with his/her representing agent, let that agent do the talking and allow the shopper to focus on seeing the house.
There is no need to tell the showing/seller’s agent any information about the shopper’s income, budget, current living address, plans for moving, etc.
Shoppers, do your homework and ask questions.
Go online to find out number of days on the market, sales/price history, maintenance fees, property taxes, etc.
When talking with showing/seller’s agent it’s more than fine to ask about why the owner is selling, the reason for pricing changes, building/transaction fees, etc.
Be courteous and respect the seller’s home.
Sellers’ agents often decide whether or not offers are accepted or rejected.
Stay on the best side of everyone involved in the transaction.
It’s okay to open closets to get a sense of space but it’s not okay to sprawl out on a couch.
Take photos and measurements discretely.
Despite there being photos of the house online, shoppers may want to take their own to focus in on specifics such as backsplashes, wall space, furniture arrangements.
Walk off distances rather than taking out retractable measuring tools.
Do NOT tip your hand that you’re serious about the property by overtly taking photos and measurements so as to not jeopardize your negotiating position.
Make sure to take note of the home’s neighborhood.
How far away is the school, the grocery store, public transit, etc.?
Is there excessive noise pollution and/or traffic?
Are the neighboring homes well kept?

Carlos Crispino
Realtor
678.939.5551

03/27/2019

Awesome property, great location for an amazing price!
Congratulations to my clients and thank you one more time for trusting my services...

Carlos Crispino
Realtor
678.939.5551