New Price!! 4 Bedrooms, 2.5 Baths – Prospect Estates Home for Sale in Lawrenceville, GA

Ursula Lowther, Homes By Ursula 678-825-4428, Real Estate Results,  Send an Email to Ursula, Keller Williams Realty First Atlanta, 404-531-5700

1749 Wilford Drive, Lawrenceville, GA 3004 has a brand new price!  This home has been reduced to $225,000.

4 Bedrooms and 2.5 Bathrooms on a corner lot with 2 car garage and rocking chair front porch. GAMLS#: 7264976

Larencevill Georgia Real Estate For Sale

Ursula Lowther with Homes by Ursula and Keller Williams Realty First Atlanta is offering another Lawrenceville, Georgia Home for Sale at 1749 Wilford Dr, Lawrenceville, GA 30043

This home is minutes from the Mall of Georgia, Interstate 85, And CoolRay Field – Home of The Gwinnett Braves.  The home is in the Mountain View High School District in Lawrenceville, GA.

At Homes by Ursula, your complete satisfaction with your real estate transaction is our #1 goal.  Don’t choose the wrong Real Estate Agent – Make the Right Choice – Choose Homes By Ursula!

If you are thinking about selling your home in North Metro Atlanta Georgia, don’t rely on a general overview of the market, get a customized evaluation of your home’s value that includes recent sales.

  •  Neighborhood and sold information provided by Onboard Informatics © 2011 Onboard informatics. Information deemed reliable but not guaranteed.
  • GreatSchools Ratings provided by GreatSchools.org
678-825-4428 – Homes By Ursula - Sell your Atlanta Georgia Home with Homes By Ursula of Keller Williams Realty First Atlanta, 404-531-5700, North Metro Atlanta Residential Real Estate Specialist Providing You With Current market information That You can Use When Selling or Buying Your Next Metro Atlanta Georgia Home

Newest 3 Bedroom 2 Bathroom Listing in Chamblee Georgia 30341

Ursula Lowther of Homes By Ursula and Keller Williams Realty First Atlanta has a new listing in Chamblee, Georgia.

The home is an all brick ranch that is larger than many others in the area. 2858 Dresden Way Chamblee Georgia 30341

It has beautiful refinished hardwood floors. There is a nice family room with gas log fireplace. The kitchen has been renovated and has tile floors, a new sink, and new stainless steel appliances.

All Brick ranch home for sale North Metro Atlanta Residential Real Estate Homes by UrsulaAll Brick ranch home for sale North Metro Atlanta Residential Real Estate Homes by UrsulaAll Brick ranch home for sale North Metro Atlanta Residential Real Estate Homes by Ursula

The large comfy den has new carpet, built in shelving and bay window with window seat that overlooks the private back yard.

All Brick ranch home for sale North Metro Atlanta Residential Real Estate Homes by Ursula All Brick ranch home for sale North Metro Atlanta Residential Real Estate Homes by UrsulaAll Brick ranch home for sale North Metro Atlanta Residential Real Estate Homes by UrsulaThe fenced back yard comes with a cozy fire-pit. There are new light fixtures. The home has a separate, large laundry room. Theer is great underhouse storage. This home is close to everything. It is an easy commute to CDC, Emory, Egleston, Mercer University.  You have easy access to I-85.  The home is in the LaVenture Subdivision and you could walk to school. The Washer, Dryer & Refrigerator are included. The home has been annexed into Chamblee. This is a great home and shows well!  Please contact us for more information or to schedule an appointment to tour the home.

You can take a virtual tour of the home here.

678-825-4428 – Homes By Ursula - Sell your Atlanta Georgia Home with Homes By Ursula of Keller Williams Realty First Atlanta, 404-531-5700, North Metro Atlanta Residential Real Estate Specialist Providing You With Current market information That You can Use When Selling or Buying Your Next Metro Atlanta Georgia Home

Spectacular Views from this 4th Floor 2 Bedroom Condo in Atlanta Georgia

Take a look at our new incredible condo listing in the Lenox area. Check out the views. Only $140,000.00. Gated Community. Great Location!

 

678-825-4428 – Homes By Ursula - Sell your Atlanta Georgia Home with Homes By Ursula of Keller Williams Realty First Atlanta, 404-531-5700, North Metro Atlanta Residential Real Estate Specialist Providing You With Current market information That You can Use When Selling or Buying Your Next Metro Atlanta Georgia Home

You Got Your Atlanta Georgia Home Value From the Internet??? Say It Isn’t So

The article that follows is a story about why you should not rely on online Real Estate aggregator such as Zillow.com, Trulia.com, or even Realtor.com to give you a price for your home.   If you want to save some time, skip the article and contact us at Homes By Ursula.  We sell real estate everyday in the North Metro Atlanta Georgia market and understand our local market conditions and what it takes to get your home priced correctly and sold.

And now, on to the story:

Computers and the Internet have changed the way we live.  They have changed how we communicate, how we get information, even how we buy and sell what for most people is their most valuable asset – their home.   It doesn’t seem that long ago that we had face to face relationships with other people.

A family would sit around the dinner table and have an actual meal and talk about the day,  what happened at school or work or maybe even neighborhood gossip.

“Did you see the new family moving in down the block?”or “Did you hear that The Smith’s are being transferred across country?”

Now, you see folks tethered to their device of choice.  Constantly bombarded with electronic chatter.  Ding!  Here’s a photo of my lunch…Ding! My life is more wonderful than yours and I have no problems!  Ding! Ding! Ding!  It seems that we give little or no though to the information being put in front of us.  How many times have you heard, I read it on the internet?…so it must be true.    How many time have you read something online or in a post or social media update and accepted it as fact? Only to find out later that the information you relied on was completely wrong.

If you are trying to sell your house, or buy a house in Metro Atlanta today, chances are good that you have started looking on the internet.  It’s ok to admit it…everyone does it.  But how good is the information that you’re getting.  Sure looking at photos of houses online gives you an idea of the interior, the yard, or some other special feature of a home but it doesn’t always give you the rest of the story.  The same is true with some large, national website that claim to give you an estimate of your home’s value.

Homes By Ursula sold this home for more than Zillow Zestimated

Zestimate for this home at $187,022. It Actually sold for $195,000.

I imagine that I can hear the whirring and spinning of disks processing bits and bytes of data at some centralized data center in parts unknown.  There must be some giant bank of computers gathering information from all over the web and calculating a value for my house.   This value has to be accurate, I mean I got it from the internet…so it must be true…right?

Zestimate had this value at $165,000.  It Sold for $203,000

Zestimate had this value at $165,000. It Sold for $203,000

Conyers Georgia Home for Sale

Zestimate Value this Home at $93,775 Recent Appraisal is $110,000

Well, not so fast.  You see if you dig a little deeper and scroll all the way to the fine print, you know, the print that is barely visible even if you were viewing it with the Hubble Telescope, usually at the very bottom of the page in what I like to call the attorney zone of the page, go ahead look for it, you will see a link that explains what a Zestimate® is and how accurate a Zestimate® is.  As defined by Zillow, as Zestimate® is Zillow’s estimated market value, computed using a proprietary formula. It is not an appraisal. It is a starting point in determining a home’s value. The Zestimate is calculated from public and user submitted data; your real estate agent or appraiser physically inspects the home and takes special features, location, and market conditions into account.

The Zestimates® are based on an Algorithm. This is the same one used in Washington state & Washington DC, in California & Georgia & New York. Do you really think that the same thing applies to every single place the same way???

Hmmmmm.  Ok, well how accurate is this proprietary calculation?  In the Metro Atlanta area, Zillow indicates that they are:

  • within 5% of the sale price 38.8% of the time,
  • within 10% of the price 64.3% of the time, and
  • within 20% of the price 84.6% of the time.

or as stated by a representative of the big Z, 60% of the time they are up to 40% accurate“…. WHAT???? 

So let me get this straight.  If I am selling my house and Zillow tells me it is worth $300,000, 84.6% of the time they will be within 20% of the price.

Brief math interlude….please enjoy the music.  Oh that means that Zillow estimates my price at between $240,000 and $360,000 or a margin of $80,000.

Now I ask you, if you were a home buyer using Zillow, you would be fully prepared to offer $240,000 for the house, right? Or maybe less because as all buyers know, only a sucker pays list price.

On the other hand, If you were selling your home, you would not take a penny less than $360,000 because after all, Zillow said that they may be off by as much as 20% of the price more than 15% of the time and you don’t want to lose money.

Now Imagine what would happen if you received an offer of $240,000 on a home that you think you can sell for $360,000.  Not a happy thought, is it?

Folks, listen, use the internet, talk to you friends and neighbors, look at the pictures of their most recent meals look at pictures of houses, but when you are ready to buy or sell a home call the North Metro Atlanta Residential Real Estate Specialist, Call Ursula Lowther at Homes By Ursula.

 

 

678-825-4428 – Homes By Ursula - Sell your Atlanta Georgia Home with Homes By Ursula of Keller Williams Realty First Atlanta, 404-531-5700, North Metro Atlanta Residential Real Estate Specialist Providing You With Current market information That You can Use When Selling or Buying Your Next Metro Atlanta Georgia Home

Stress Free Home Selling in North Metro Atlanta Georgia!

The end of the school year is rapidly approaching in the Metro Atlanta area and everyone seems busy.   People may be busy planning graduation parties, summer vacations at the beach, backyard barbecues, or even planting that new vegetable garden.  This is also a time to reflect on the school year or even how we are doing with our New Years Resolutions.

Larencevill Georgia Real Estate For Sale

Ursula Lowther with Homes by Ursula and Keller Williams Realty First Atlanta is offering another Lawrenceville, Georgia Home for Sale at 1749 Wilford Dr, Lawrenceville, GA 30043

Maybe, you have been waiting for summer to arrive so that you can list your house for sale just as the North Metro Atlanta Real Estate market is heating up.  I know, you tell yourself,  “We will wait until the summer when things slow down a bit; Then we will sell our home.”  Only things never seem to slow down.

You have a list a mile long of projects that you meant to start, or finish.  “There is just no way that we’re ready”, you tell yourself.  “Where will we move?, How will we get all of this stuff packed up?, This house is so big but this is where we raised our family – we can’t leave?, We don’t even know where to begin. ”  Does any of this sound familiar?

Selling your home can be challenging.  In fact, selling your home can be more challenging than buying a new home.  You see, when you are buying a home, there is excitement, and anticipation, and new, new, new.

When you are selling your home, there are many emotional challenges that you will face, whether you are selling out of desire or necessity.  Especially when selling out of necessity (because you have to).

You have to be mentally prepared for the process:

The first thing you must do is DECIDE to sell your home.  Some of the top reasons that people decide to sell are:

1. New Home or Better Home

2. Downsizing

3. Moving Closer to Work

4. Loss of Income

5. Divorce

6, Medical Problems

7. Better Weather

8.  Moving to a specific school district

Once you have determined the Why of your move, setting your expectations will help you to avoid disappointment.

Homes by Ursula will provide you with the necessary tools to make the sale of your home as stress-free as possible.  You can get a copy of our free guide, Preparing Your House to Sell that will give you some useful information and checklists to help you plan the sale of you home.

Now that you have the information you need to sell your Metro Atlanta Georgia home, let’s begin.

678-825-4428 – Homes By Ursula - Sell your Atlanta Georgia Home with Homes By Ursula of Keller Williams Realty First Atlanta, 404-531-5700, North Metro Atlanta Residential Real Estate Specialist Providing You With Current market information That You can Use When Selling or Buying Your Next Metro Atlanta Georgia Home

Home For Sale in Prospect Estates Lawrenceville, Georgia

Ursula Lowther, Homes By Ursula 678-825-4428, Real Estate Results,  Send an Email to Ursula, Keller Williams Realty First Atlanta, 404-531-5700

1749 Wilford Drive, Lawrenceville, GA 3004

4 Bedrooms and 2.5 Bathrooms on a corner lot with 2 car garage and rocking chair front porch. GAMLS#: 7264976

Lawrenceville, Georgia Home for Sale

Ursula Lowther with Homes by Ursula and Keller Williams Realty First Atlanta is offering another Lawrenceville, Georgia Home for Sale at 1749 Wilford Dr, Lawrenceville, GA 30043

This home is minutes from the Mall of Georgia, Interstate 85, And CoolRay Field – Home of The Gwinnett Braves.  The home is in the Mountain View High School District in Lawrenceville, GA.

At Homes by Ursula, your complete satisfaction with your real estate transaction is our #1 goal.  Don’t choose the wrong Real Estate Agent – Make the Right Choice – Choose Homes By Ursula!

If you are thinking about selling your home in North Metro Atlanta Georgia, don’t rely on a general overview of the market, get a customized evaluation of your home’s value that includes recent sales.

  •  Neighborhood and sold information provided by Onboard Informatics © 2011 Onboard informatics. Information deemed reliable but not guaranteed.
  • GreatSchools Ratings provided by GreatSchools.org
678-825-4428 – Homes By Ursula - Sell your Atlanta Georgia Home with Homes By Ursula of Keller Williams Realty First Atlanta, 404-531-5700, North Metro Atlanta Residential Real Estate Specialist Providing You With Current market information That You can Use When Selling or Buying Your Next Metro Atlanta Georgia Home

Homes By Ursula Goes Pending On Another North Metro Atlanta Townhouse Fast

Ursula Lowther with Homes By Ursula and Keller Williams Realty First Atlanta has put another one of her listings under contract significantly faster than market average .

1570 Chateau Club, Dunwoody, Georgia 30338

1570 Chateau Club, Dunwoody, Georgia 30338

The property is located at 1570 Chateau Club in Dekalb County, Georgia and is exclusively listed by Ursula Lowther.  The buyer’s agent is Jo Davis who is with Keller Williams Realty Peachtree Road.  The buyer will be obtaining conventional financing for the transaction.

“This home is less than 5 miles from Perimeter Mall and The Dunwoody Nature Center and I-285.  Whether you need easy access to the interstate or the soothing calm of local parks, this location has it all”, Ursula Lowther commented.

This home went from under contract after being active for only 14 days, which is 54 days faster than the average market time for attached homes in Dekalb County according to statistics provided by Georgia MLS.  “It takes focused marketing and a responsive process to get a property sold this quickly”, said Ursula.

Keith Lowther, also with Homes By Ursula stated, “This contract was negotiated over a holiday weekend.  With the seller’s out of town for Easter, all signatures and required documents for this transaction were managed electronically which allowed us to get the deal done.”

The transaction is scheduled to close by the end of May 2014.

Ursula Lowther of Homes By Ursula 678-825-4428 and Keller Williams Realty First Atlanta, 404-531-5700

678-825-4428 – Homes By Ursula - Sell your Atlanta Georgia Home with Homes By Ursula of Keller Williams Realty First Atlanta, 404-531-5700, North Metro Atlanta Residential Real Estate Specialist Providing You With Current market information That You can Use When Selling or Buying Your Next Metro Atlanta Georgia Home

How Rising Mortgage Rates Will Affect How Much House You Can Buy

I was recently speaking with a mortgage lender that we work with at Homes By Ursula and the very stimulating topic of mortgage backed securities came up.  I know, you are jealous and wish you could have been there.    I thought I would share the main point of this conversation with you.  This is critically important information for you to know, especially if you are buying a home in Metro Atlanta Georgia or anywhere else for that matter.

Residential Mortage Rate Chart

When the fed is tapering the buying of assets (mortgage bonds) rates go up

This graph shows a projection of the buying of mortgage backed securities this year in 2014. The FED announced that they will reduce the purchases each time unemployment numbers get better, however, they have tapered even with unemployment numbers staying the same.

The FED started Quantitative Easing after the market collapsed. They lowered the federal funds rate (the rate at which banks lend to each other) to ZERO (0%) to stimulate the economy. They kept injecting more and more money into the bond market and as the economy “recovers” they are tapering off.

The less in MBS (mortgage backed securities) purchases they make, the higher the rates will go. By the FED (Federal Reserve Bank) buying MBS they are subsidizing rates, which is pulling the rates artificially lower. If this projection is accurate, we will definitely see a hike in mortgage rates later this year.  Remember that with every 1% in rate hike, home borrowers qualify for an average of 11% less in sales price. For example, if your loan amount was 300,000 at an annual percentage rate (APR) of 4%, the Principal and Interest (P&I) would be $1432, but that same loan at 5% puts the Principal and Interest payment at $1610, exactly an 11.1% hike.

This means if you buy before rates go higher, you can qualify for a bigger home but if you wait and the rate increases by 1%, the maximum approved loan amount would be reduced by 11% to keep the payment the same. So, if your maximum P&I payment was $1450 per month, being qualified for 300k now would be reduced to 270k if rates go up 1%.  So, while youu may be qualified for a $300,000 mortgage now, if you wait around and the rate increases by 1%, you will only qualify for $270,000.

If you are selling you home, don’t think you can overlook this information.  The reason for this is twofold.  One, If you are selling your current home, you are probably buying another home.  If you will need financing for your purchase, this will affect you also,  Second, as the cost of borrowing money goes higher, there will probably be fewer buyers for you home.

While every situation is unique, whether you are buying or selling a home in Metro Atlanta Georgia, you need to consider more than just how many bedrooms and bathrooms there are.  The right timing for your real estate transaction could either make or cost you thousands of dollars.  Don’t wait to get the information you need.

At Homes by Ursula, we align ourselves with the best to make the sale or purchase of your Metro Atlanta home as smooth as possible.

I would like to thank Lindsay Moss-Frangie with WestStar Mortgage (404) 437-RATE (7283) for her generosity and time for providing the graphic, data, and explanation of the information contained in this article.

678-825-4428 – Homes By Ursula - Sell your Atlanta Georgia Home with Homes By Ursula of Keller Williams Realty First Atlanta, 404-531-5700, North Metro Atlanta Residential Real Estate Specialist Providing You With Current market information That You can Use When Selling or Buying Your Next Metro Atlanta Georgia Home

Homes By Ursula Releases Its Mobile Property Search App for Metro Atlanta

At Homes By Ursula, we know that you are busy, over-scheduled, worn out, and just plain exhausted.  We understand that when you are out searching for a new Metro Atlanta home, that you don’t always want to call the real estate agent who is on the for sale sign in the yard.

Well now you have an alternative.  Ursula Lowther and Keller Williams Realty have released her new Metro Atlanta Home Search Mobile App.    Any time that you are out driving around and you want to know the price of a particular home, or how many bedrooms and bathrooms there are, or to see more photos of the inside, all you need to do is go to your mobile device, open the app and you have the information at you fingertips.

Ursula Lowther Mobile Property Search App for Metro Atlanta

Ursula Lowther Mobile Property Search App for Metro Atlanta

 

 

 

 

 

Get Free, instant access to Metro Atlanta homes from any cell phone or tablet.  Our app is available on Android, iPhone, or iPad.

Of course, if you do have questions and want to talk to us directly, we will be happy to speak with you.  We hope that this new technology will help you as you search for your next home in  Atlanta Georgia.

678-825-4428 – Homes By Ursula - Sell your Atlanta Georgia Home with Homes By Ursula of Keller Williams Realty First Atlanta, 404-531-5700, North Metro Atlanta Residential Real Estate Specialist Providing You With Current market information That You can Use When Selling or Buying Your Next Metro Atlanta Georgia Home

HOMES BY URSULA HELPS ANOTHER NORTH METRO ATLANTA HOMEBUYER!

Ursula Lowther with Homes By Ursula and Keller Williams Realty First Atlanta has recently closed on another Buford, Georgia home for her buyer.

The buyer purchased a home in the new townhouse community of The Townes of Avondale that is being developed by Rocklyn Homes in Gwinnett County, Georgia.  The home sold for $155,045 and the seller paid $5,000 in closing costs.  The buyer used FHA financing for the transaction.  The Townes of Avondale is minutes to the Mall of Georgia and both I-85 and I-985.

“It is nice to see new construction homes being built again in Metro Atlanta Georgia, and I just love assisting first time homebuyers find their perfect place,” Ursula Lowther commented.

This home went from under contract to sold in less than twenty one days. “It takes a well run team to make something happen this quickly. It is imperative to have the best lenders and other vendors that you can rely on.  Constant communication and action is needed behind the scenes to make such a transaction run smoothly and quickly.  Not every lender could do this without any issues,” Ursula Lowther stated.  When asked which lender she used Ursula said Kimberly Bitzer with Heritage Bank, “She’s one of the best.”

Ursula has put together a top notch team of specialists in their field, for real estate in the North Metro Atlanta area including attorneys, mortgage lenders, inspectors, pest control, general contractors, electricians, plumbers, etc.  Ursula’s hands on approach and use of documented systems in her Atlanta real estate business helps to ensure her home buyers and sellers achieve their goals and close their real estate transactions at the best price with the least amount of hassle.

Homes by Ursula with Keller Williams Realty First Atlanta is a husband and wife real estate team serving Metro Atlanta.  Ursula Lowther and her husband, Keith Lowther, have been selling residential real estate in Atlanta, Georgia for more than 10 years.  Together they are a dynamic team specializing in residential real estate sales and short sales in North Metro Atlanta, Georgia.

 

678-825-4428 – Homes By Ursula - Sell your Atlanta Georgia Home with Homes By Ursula of Keller Williams Realty First Atlanta, 404-531-5700, North Metro Atlanta Residential Real Estate Specialist Providing You With Current market information That You can Use When Selling or Buying Your Next Metro Atlanta Georgia Home