Paige and Peterson Realty Co.
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RECENTLY SOLD
- 1/28 28
- 1/29 29
- 1/27 27
sold
$365,000
0.8%$367,767
5 Beds3 Baths2,788 SqFt2520 Crooked Creek, Decatur, GA 30035
Single Family Home
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The Benefits of hiring a professional Realtor
The Benefits of hiring a professional Realtor
Are you considering selling your home? It can be tempting to try to save money by handling the sale yourself. However, there are numerous benefits to hiring a professional realtor to help you through the process. In this blog, we'll go over some of the advantages that come with working with a real estate agent instead of going it alone.One of the biggest advantages of working with a realtor is the ability to negotiate. While some sellers choose to sell their homes independently, known as FSBO (For Sale By Owner), they often lack the experience and expertise to negotiate effectively. Realtors are professional negotiators and have the skills to ensure that you get the best price for your home. They also know how to navigate the negotiation process and can help you avoid common mistakes that can cost you money.Another significant advantage of working with a realtor is their knowledge of legal contracts. Selling a home involves a lot of paperwork, and it's essential to be aware of the legal requirements and potential pitfalls. Realtors are trained to understand the complex legal and financial aspects of real estate transactions, which can be confusing for those who are not familiar with them. They can help you navigate the process and ensure that everything is done correctly to protect your interests.Realtors also have access to resources that are not available to FSBO sellers. For example, they can list your home on the Multiple Listing Service (MLS), which is a database that is accessible to other real estate agents. This gives your home more exposure and increases the chances of finding a buyer quickly. Realtors also have access to marketing tools and strategies that can help you sell your home faster and for a better price.Another benefit of working with a realtor is that they can help you set the right price for your home. Pricing a home correctly is essential for a successful sale. If you price your home too high, it can sit on the market for months without any offers. If you price it too low, you may leave money on the table. Realtors have access to data and market trends that help them determine the best price for your home, taking into account factors such as location, condition, and comparable sales in the area.Finally, working with a realtor can save you time and reduce stress. Selling a home can be a time-consuming and stressful process, especially if you're also dealing with other life events such as a job change or a move. When you work with a realtor, they handle many of the details, such as listing and marketing your home, scheduling showings, and handling negotiations. This frees up your time and allows you to focus on other things.In conclusion, hiring a professional realtor is a wise decision for anyone looking to sell their home. Realtors offer a wealth of knowledge and experience that can help you sell your home faster and for a better price. They can handle the legal and financial aspects of the transaction, negotiate effectively, and provide access to resources and marketing tools that can give you an edge in the market. If you're considering selling your home, contact a reputable realtor to learn more about how they can assist you.
MOREPurchase your home for short term rental
Purchase your home for short term rental
Looking to purchase a new home? Have you considered the potential for short term rentals? With the rise of platforms like Airbnb, more and more homeowners are turning to short term rentals as a way to generate income from their properties. But did you know that it's actually better to purchase a home for Airbnb than it is to rent? Here's why.For buyers, purchasing a home with the intention of renting it out on Airbnb can be a wise investment. Not only does it provide a steady stream of income, but it also allows for more flexibility in terms of usage. Instead of being tied down to a long-term lease agreement, homeowners can choose when and how often to rent out their property. Plus, with the potential for higher rental rates, homeowners can earn back their investment much quicker than they would with a traditional rental property.Another benefit to purchasing a home for Airbnb is the potential for tax breaks. Homeowners can often deduct expenses related to their rental property, such as repairs and maintenance, insurance, and even travel expenses related to managing the property. This can help offset the costs of owning and maintaining the property, making it a more financially feasible investment.In terms of real estate news, the market for short term rentals is only continuing to grow. As more people look for alternative accommodations when traveling, the demand for Airbnb-style rentals is on the rise. This means that properties purchased for short term rentals have the potential to appreciate in value over time, giving homeowners even more return on their investment.Of course, there are some potential drawbacks to purchasing a home for Airbnb. Homeowners must be prepared to manage the property and deal with any issues that may arise, such as guests causing damage or violating rental rules. Additionally, there may be local regulations and zoning laws that restrict short term rentals in certain areas. Homeowners must be aware of these regulations and ensure they are in compliance to avoid any legal issues.Overall, however, the benefits of purchasing a home for Airbnb far outweigh the potential drawbacks. With the potential for steady income, tax breaks, and appreciation in value, homeowners who choose to invest in short term rentals can see a significant return on their investment. So if you're in the market for a new home, consider the potential for short term rentals before signing a lease on a traditional rental property.
MOREUnderstanding Interest Rates
Understanding Interest Rates
Understanding Interest Rates: A Guide for Buyers, Sellers, and Mortgage BorrowersInterest rates play a crucial role in real estate transactions. Whether you're buying a home, selling one, or getting a mortgage to finance a purchase, it pays to have a clear understanding of how interest rates work and how they can affect your bottom line. In this blog post, we'll explore the ins and outs of interest rates and share some tips on how to get the best deal on your next real estate transaction.For BuyersIf you're in the market for a new home, you should pay close attention to interest rates. The higher the interest rate, the more you'll pay over the life of your loan. For example, a $300,000 mortgage with a 4% interest rate will cost you $215,609 in interest over 30 years. But if that rate goes up to 5%, you'll end up paying $279,767 in interest over the same period.To get the best interest rate possible, you'll need to have a good credit score, a stable income, and a low debt-to-income ratio. You should also shop around for lenders to compare rates and fees. Don't be afraid to negotiate and ask for a better deal if you think you can get one.For SellersAs a seller, you might not think that interest rates affect you directly, but they can have a big impact on the real estate market as a whole. When interest rates are low, more buyers are able to enter the market, which can drive up demand and prices. When rates are high, the opposite is true, and you may find it harder to sell your home.If you're thinking about selling your home, it's a good idea to keep an eye on interest rates and market trends. You might want to consider listing your home when rates are low to take advantage of increased demand. And if rates are high, you might want to wait until they come down to put your home on the market.For Mortgage BorrowersIf you're getting a mortgage to finance a home purchase or refinance an existing loan, you'll want to pay close attention to interest rates. Refinancing for the best interest rate can save you thousands of dollars over the life of your loan. For example, if you have a $200,000 mortgage with a 5% interest rate and you refinance to a 4% rate, you'll save $31,859 in interest over 30 years.To get the best interest rate when refinancing, you'll need to have a good credit score, a low debt-to-income ratio, and plenty of equity in your home. You should also shop around for lenders and compare rates and fees. Don't forget to factor in closing costs and other fees when calculating your savings.ConclusionInterest rates are a key factor in real estate transactions, whether you're buying, selling, or refinancing a home. By understanding how interest rates work and how they can affect your bottom line, you can make informed decisions and get the best deal possible. So, whether you're a buyer, seller, or mortgage borrower, make sure you stay up-to-date on interest rates and market trends to get the most out of your real estate transactions.
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