Promoting homeownership through an innovative program

As communities across America work to recover from the housing crisis, Wells Fargo announced the NeighborhoodLIFTSM and CityLIFTSM programs. The Wells Fargo LIFT programs are designed to provide down payment assistance, homebuyer education and homebuyer support in the cities most deeply affected by the crisis. So far the program has been implemented in Los Angeles, Atlanta, Phoenix, Las Vegas, Houston, Miami, Tampa, Jacksonville, Orlando, Minneapolis, Philadelphia, and Washington, D.C. Upcoming cities for the program include Memphis, Chicago, Sacramento and Oakland.

The Wells Fargo LIFT programs invest in the future by supporting sustainable homeownership and neighborhood stability. A collaborative effort sponsored by Wells Fargo and local nonprofit organizations, the programs provide:

Down payment assistance for qualified buyers

Financial education to help buyers prepare for homeownership

Events to showcase area homes for sale

A video about the NeighborhoodLIFT program is posted at www.youtube.com/wellsfargo.

Affordable Housing Workshop and Bus Tour!

“Dear Friends of Invest Atlanta,
 
Please help us promote our upcoming affordable housing workshop and bus tour to your employees, friends, constituents, readers and networks. This event is free and prospective home buyers will get a chance to tour available properties in Atlanta neighborhoods and learn how to access up to $40,000 in downpayment assistance. This is an all day event for home buyers and will take place at City Hall, 55 Trinity Avenue, SW, Atlanta, GA 30303, in the atrium.”
 
RSVP’s are required to Sarah Head at 404-614-8317 or email her at shead@investatlanta.com.
SPACE IS LIMITED, RSVP TODAY!
Help us re-invigorate Atlanta’s historic intown neighborhoods!

Owner transfered gives big deals…

A good friend of mines has an incredible opportunity to relocate to New Mexico. She and her husband have always been savvy investors with a determined spirit. They have been a role model for my family, and although sad to see them leave-I rejoice in their ability to.   On the Real Estate front, this  transfer opens up a home in a pretty stable subdivision not far from Grant Park.  Take a look at this home tour- the home is listed on FMLS for $238K

1369 Summer Lane Drive Atlanta GA

Neighborhood LIFT!**Down payment Assistance**

Hello Community!!
Are you ready for the Neighborhood LIFT program? Have you not heard?
Neighborhood Lift is an initiative that Wells Fargo has created for the City of Atlanta. This program will add a new source of down payment funds for homebuyers  who are buying a home in Atlanta. The funds can also  be used for those who are buying a home that needs renovation.  $ 6.4 million in  down payment funds will be made available for those who earn less than 120% of  Area Median Income and will be purchasing a primary residence anywhere in the  City of Atlanta

The program will be kicking off  at a  large event at the Georgia WorldCongress Center on February 10th and 11th so mark your calendar and attend!

Event highlights  include:

·Down payment  assistance program – qualified homebuyers can get up to  $15,000 in a forgivable grant (see flyer below for more  info)

·Homebuyer  education theater – where consumers can learn more about finding and financing a  home and managing the financial responsibilities of homeownership

·Featured homes – consumers can stop by Wells Fargo’s Affordable Home Tour viewing center to  preview the features and prices of area homes for sale and board a neighborhood  home tour bus for a free ride to and from homes they’d like to see  first-hand ( THERE WILL BE HOMES LISTED AND OPEN IN OUR COMMUNITY!)

The four tour areas  are:

1. Castleberry Hill to Northside  drive to Atlantic Station to West Midtown: includes zip codes: 30303,  30318,30309,30363

2. East Atlanta, Beltline, Reynoldstown, Edgewood, Cabbagetown, Kirkwood:  30316,30317, 30307,  30312.

3. Mechanicsville, Peoplestown, Pittburgh, South Atlanta, Lakewood, 30315, 30312,  30354

4. West End to  Cascade: 30310, 30314, 30311,  30331,

Visit this website for more information: http://www.neighborhoodlift.com/

Open House and Ashview Heights Community Awareness event Today!

968 Fair Street, Atlanta GA 30314

Check out this renovated 4bedroom 3bath Bungalow with large walk-in closet (possibly a 5th bedroom) and spacious open kitchen within Ashview Heights! Find out more about this community and why this is the next HOT Atlanta neighborhood to consider for your home purchase.

Open today from 11-4PM.

Receive a map of other available homes for tour today at this home.

 

 

 

I Dislike “Appointment Only”

Selling a home in this market is not easy.  The obstacles seem endless, from competing with foreclosure prices,newly renovated homes,better locations and now what seems an unfairly matched battle of obtaining correct appraisals..why would any seller want to add to the challenge?
I’m sure you wouldn’t, but YOU may be adding to this unknowingly.
Currently, we have just about 200 single family listings  “available” in the 30310 zip code.  I present my sellers with as much data as possible to prepare for the challenges we may face when listing, and to understand that this process will not be completed over night, in a week and may even take a few months before we obtain a solid buyer.
Initially this could be fine, but once the home is on the market-anxiety often sets in and “is my home being viewed?’ becomes a constant thought.
As an agent, there are a few punch list items we can do to make sure your home is being viewed, but most importantly- availability is KEY.
It is more of a challenge to sell a home listed as “Shown by Appointment Only” or a home that is occupied by a tenant with an unpredictable or varying work schedule.
Buyers AND agents love the flexibility of being able to show a home anytime- at the buyers request and this could come as soon as they see a listing. Often giving the agent less than 24hrs notice.  While working as a buyers agent, it has been my experience to schedule appointments to show a home, and then to line up readily available homes to show my buyer THAT DAY.  Usually, after we view the ‘available and vacant’ homes, we have an idea of which we would like to make an offer on, leaving us to either cancel our appointment or briefly view out of courtesy but without the intention of moving forward.
I have lost many viewers by not having my homes available “now” to view while an agent was out touring my community with their buyer.  Keep in mind, buyers and agents may not live locally and it isn’t always convenient for them to come back another day to view 1 home.
If you are listing a home, although you may feel a bit uneasy with it, having a Supra (agent computerized) lockbox really is best! There are many
ways to ensure your home(and personal items)are protected. Your home should be available for your listing agent to adequately preform their job.
Also, Surpa boxes are a great way to track viewers! Your agent and print off a list with contact information to agents that have shown your home. It’s a good reporting tool and a great way to measure your homes performance.
Another challenge, which could hinder the sale of a home is listing a home currently occupied with a tenant who has a lot of furniture.
I remember viewing one home and feeling immediately over whelmed, and I do this professionally– I can’t imagine what my poor buyers felt.(Well, I can since we did NOT go back to view nor did we make an offer)
Once we left-neither of us could remember if the home had hardwood floors or carpet.
It is difficult for buyers to feel comfortable going through closets, and even bathrooms of these homes. No matter how neat and clean the tenant may be, it feels very intrusive-as if we’re snooping.  Buyers spend less time in these listings and therefore walk away feeling unsure or not at all familiar with the layout.
In this day, no one wants to lose money- so I do not recommend losing a tenant to list your home, however you must make it very clear to have the home in “show” condition daily, and that a lockbox will be added to the home. You might even want to offer a bonus or incentive for your tenant to motivate them to help the process.
Asking agents to “courtesy call” the tenant prior to showing is reasonable and could make your tenant feel better about the process and lockbox.
These are just a few challenges I’m up against on my listings,and hope this will help you when you make your decision to list!
Nia

Did you know…

Seventy-six percent of workers drive alone to work. Another 11% carpool, and 5% take public transportation. Average time it takes for people in the nation to commute to work: 25.5 minutes.

More women (26.4 million) work in managerial and professional-related occupations than men (24.7 million).
Of the total American workforce, 10.1 million workers are self-employed and 5.9 million work from home.

There are 16.1 million labor union members nationwide. About 12% of wage and salary workers belong to unions, with Alaska, Hawaii and New York having among the highest rates of any state. North Carolina has one of the lowest rates at 3%.

Randy Crisp

 Asst. V.P..

Academy Mortgage 

5565 Glenridge Connector

Suite, 400

Atlanta, GA 30342

404-557-8934 / Cell

404-574-2606 / Office

404-574-2200 / e-fax

http://academymortgage.com/randycrisp

NMLS# 214416

Experience the Difference!