Magnolia Village Active Adult Community in Buford Ga - New Homes

Magnolia Village, active adult community in Buford Ga - New Homes available now with prices starting in the $230,000's. Call Matt Hermes & Associates with Keller Williams Realty Atlanta Partners at 678-775-2787 for more details. Hermes & Associates is the #1 Agent team within Keller Williams Sugarloaf and the #5 real estate team in the Southeast in Keller Williams Realty.

Buford, Georgia is quickly becoming a hot bed for active adult communities and the Magnolia Village is no exception. This gated community situated within minutes of downtown Buford is the perfect location for active adults. Homes are priced well and start in the $230,000 range and currently the model home, lot 5B at 4465 Magnolia Club Drive is available for $239,900 and is selling furnished at this price.

A furnished home in one the best active adult communities in Gwinnett County for under $250,000 is a rare example of the kind of deal buyers can expect in the recovering housing market. This type of offer is disappearing fast so the time to act is now. Magnolia Village features 4 side brick homes offering all of the elegant touches seen in much higher price points. Two and three master on main bedroom ranch plans are available and the included features are typically upgrades in other active adult communities.

With the low maintenance homes, open designs and easy access to shopping, restaurants, museums and so much more. For more information or to schedule a time to go see the available floor plans, please give us a call to arrange your private showings.

Give us a call to see how we can help you.

 
Matt Hermes
Keller Williams Realty
 678-775-2787

Home For Sale Under Contract in 72 hours in Suwanee, GA. - Keller Williams Realty

Home For Sale Under Contract in 72 hours in Suwanee, GA. - Keller Williams Realty. Matt Hermes with Keller Williams Realty Atlanta Partners successfully placed under contract and sold another home in Suwanee, Georgia.

This great home located at 921 Cotton Mill Place in the Village Grove subdivision was priced at $225,000 and the offer was made at 99% of list price and closed within 30 days of contract. Village Grove is located off Peachtree Industrial Boulevard close to downtown Suwanee and the homes are now at a great value.

For more information on selling your home or if you are in the market to purchase investment or owner occupant homes, please get in touch with us to help.

Also, ask about our Free Termite Protection Bond we offer to those who purchase their home using our services. Hermes & Associates with Keller Williams Realty is ranked as the #5 real estate team within  Keller Williams Realty Southeast and are honored to help you any way we can.

Matt Hermes
Keller Williams Realty
678.775.2787
Matt@MattHermes.com

Investor Alert - Home For Sale in Hoschton GA. - Matt Hermes & Assoc.

Investor Alert - Home For Sale in Hoschton GA. - Matt Hermes & Assoc. of Keller Williams Realty Atlanta Partners, 678-775-2787.

Hermes & Associates will be offering in the coming days a perfect investment property in Hoschton, GA for an initial asking price of only $120,000. This home is located in the highly sought after Mill Creek cluster school district and expected rent in the $1,000-$1,200 range makes this home a must have for your portfolio.

Home features new interior paint and carpet, new ceramic tile in kitchen and laundry room. Large master bedroom and updated bathroom. Total of four bedrooms and two full baths with tax records showing 1,900+- square feet of living space. Side entry garage, fenced area with new poured patio with fire pit. Great community setting that is perfect for families of all ages.

This home will not last so please reach out to us to be included on our distribution list as the home comes on the market next week. For a preview feel free to contact us so we can arrange a time to show the property to you prior to market.

Matt Hermes
Hermes & Associates
Keller Williams Realty
678-775-2787

Home prices expected to rise in Dacula, Ga and Hamilton Mill

Home prices expected to rise in Dacula, Ga and Hamilton Mill in 2013 according to a recent release from CoreLogic. Call Matt Hermes of Hermes & Associates, Keller Williams Realty Atlanta Partners to find out more at 678-775-2787.

After a long road to recovery, home prices in and around Dacula, Ga and Hamilton Mill should see a increase in appreciation in 2013. Since 2007, Dacula residents have on average lost 37% of the value of their homes based on sales statistics we have seen but the time of declining values has come to a end and CoreLogic expects a national increase of 6% in 2013.

Home prices rose 7.5% last year,  which is the largest increase in six years, and expectations are that they will continue along that path in 2013.  Total home sales increased to 4.2 million in 2012.

Hermes & Associates of Keller Williams Realty Atlanta Partners agrees to an extent with this data however Matt Hermes feels as though the South and particularly the Atlanta market will not see a 6% gain in values. "While last year was a good start to a recovery in the Atlanta market, our price increases while the market was strong were not on average with the national levels and I do not feel we will again match these high expectations. A more realistic value adjustment in the 3% range is where I feel the market will be able to bear." Hermes remarked.

Values were able to stabilize in 2012 as fewer distressed home sales. Sales of bank-owned homes fell more than 20%-30% in the Atlanta market and current short sale and foreclosure inventory is at the lowest levels we have seen in four to five years.

Short sales also made up more of the overall home sales last year, accounting for 23%. That's the highest level since the real estate downturn began, CoreLogic says. A short sale is when banks allow a house to be sold for less than what's owed on the mortgage loan. Atlanta has seen a number of short sale closings and with the short sales a lot of potential foreclosed inventory simply did not appear on the market. Foreclosure sales typically sell for 10% less than a short sale and this has helped stabilize pricing in our opinion.

One of the best things NOT to happen which was predicted was the analysts expected a flood of foreclosed homes to hit the market after five major lenders reached a settlement over foreclosure practices with state and federal officials. 

Hermes & Associates is hoping that the spring selling season starts early and will allow a continued influx of homes being made available to those buyers currently looking to sell. The Atlanta market and Gwinnett County as well as Dacula has seen inventory levels drop more than 25% from this time in 2012.  Nationally, the supply of homes for sale fell to 4.8 months in November, the National Association of Realtors recently noted which is the lowest level in more than seven years.  Realtors such as Matt Hermes, consider a six-month supply to be a balanced market between buyers and sellers.

If you or someone you know is interested in selling a home in the Atlanta, Gwinnett County, Dacula and Hamilton Mill market, we strongly urge you to contact us today and let us give you a free analysis of what your home is worth. You may be surprised at the current values. 

Hermes & Associates is ranked in the Top 5 of all real estate Teams within the Southeast in Keller Williams Realty and our Clients First approach provides a unique selling and by

Hamilton Mill, Dacula GA Homes Stats for 2012

Hamilton Mill, Dacula Ga Homes Stats for 2012 was just released by Matt Hermes, founder of the Hermes & Associates Team of Keller Williams Realty Atlanta Partners.  Need questions about real estate answered? Give us a call and let us show you the facts about where the market has been and where we think it is going. 678-775-2787.

Hamilton Mill, located in Gwinnett County, Georgia has for over 15 years been a highly sought after community for those families that want a lifestyle that is focused on family, education, location and quality of life.  With over 2,100 homes within Hamilton Mill there are numerous choices for Buyers to find the right home in a wide price range.

Currently there are only 26 homes on the market within the subdivision which is considerably less than this time last year or for the past ten years Hermes & Associates has been working in and around Hamilton Mill. Current price levels range from $525,900 to $189,900. Price decreases have affected the subdivision over the past five years as they have around the metro Atlanta area however we have seen a definite flattening of pricing and are even seeing price increases in some price points within the neighborhood.

As you can from the chart below, Year Over Year sales have increased 9% from 2011 however both average sales price dipped 6%.  The good news along with the increase in number of sales is that the Days on the Market (DOM) was down by almost a month over the same time frame. This is excellent news for sellers who may be looking to market their homes this spring.

We are honored to once again participate in more sales of properties in Hamilton Mill than any other agent and could only have done this with the trust our Buyers and Sellers have in us to do the job for them. With our two full time Buyers Specialists, Shawn Buchan and Lori Taylor along with our outstanding Executive Assistant, Ingle Ard, we are ready to handle all your real estate needs.

Keller Williams Realty also announced the end of year company wide numbers which place Hermes & Associates as the #5 Real Estate Team in Keller Williams Realty Southeast and we could not done it without your referrals and your business. Thanks for making 2012 the best year yet. We have a lot more in store for you in 2013 so keep your eyes and ears open for bigger and better news from us.

Looking to buy, sell or invest in real estate? Give us a call. How about a change of careers? The real estate market is back and we have a real estate school that will help you attain your real estate license and get into a business we are sure you would enjoy.

 Matt Hermes

Hermes & Associates

Wells Fargo Short Sale Approved and Closed - Lawrenceville, GA

Wells Fargo Short Sale Approved and Closed - Lawrenceville, GA by Matt Hermes & Associates of Keller Williams Realty Atlanta Partners.

Matt Hermes & Associates just closed on another short sale in Lawrenceville, Ga with the processing assistance of Ganek, Wright and Minsk attorneys at law.  This home was purchased for $285,900 with a original sales price in excess of $400,000.

We were able to successfully negotiate with Wells Fargo to release the Seller from any type of deficiency balance and the Seller has no further obligation to the lender.

If you or someone you know is in jeopardy of losing their home, please give us a call. We will guide you through the process and there is no cost to the Seller for our short sale service. Our fees are paid by the lender.

Citi Mortgage and SPS Short Sale Approved and Closed - Matt Hermes & Associates

Citi Mortgage and SPS short sale approved and closed  - Matt Hermes & Associates with Keller Williams Realty just sold another Hamilton Mill home in Dacula, Georgia.

Short sales in and around the Hamilton Mill area in Dacula, Georgia continue to sell with the right amount of patience and understanding of the short sale process. Hermes & Associates of Keller Williams Realty, along with the short sale processing staff at Ganek, Wright and Minsk attorneys at law know how to get homes closed.

This sale was processed in less than 90 days and included both a first and second mortgage. SPS was holding the first mortgage and Citi was the lien holder on the second. Seller also received a $3,000 relocation assistance package from the lien holders.

For more information on the short sale process or to speak with one of our specialists, please give Matt Hermes & Associates a call today. The Mortgage Debt Forgiveness Act was extended until the end of 2013 but time is of the essence. If you need help, now is the time to act.

Matt Hermes, 678-775-2787.

Mortgage Debt Forgiveness Act Extended January 1, 2013

Mortgage Debt Forgiveness Act Extended January 1, 2013 by the Senate which is a huge relief to those persons in the process of a Short Sale or what is also referred to as a pre-foreclosure sale.

Hermes & Associates of Keller Williams Realty has helped hundreds of homeowners over the past few years sell their homes and the short sale is a big part of our business. A Short Sale is when a homeowner is allowed to sell their current primary home for less than the amount owed. The Lender agrees to take the loss in order to prevent a foreclosure.

On average a Short Sale nets a lender 12% more than a home that is sold after foreclosure. Along with this cost savings, a foreclosure typically costs a lender over $25,000 in foreclosure costs including attorney fees, carrying costs of the home once acquired and various other costs associated.

The benefit to the Seller is that with the extension of the Mortgage Debt Forgiveness Act, the Seller is not taxed on the lenders loss which can save a homeowner thousands of dollars as well as the short sale is much less damaging to credit than a foreclosure. With a typical foreclosure a Buyer would not qualify to purchase another home using lender funds for at least three years and possibly much longer, up to seven years if a bankruptcy is also involved. With a short sale, the timeframe is shorter and with improved credit scores can be done with FHA financing in as little as two years after the short sale is completed. FHA financing is a great option which only requires 3.5% down payment and with interest rates still hovering around 3.5% this is the best option for those who have had a Short Sale on their credit.

We have also successfully negotiated Short Sales with homeowners who are current on their mortgage and who have bought a home immediately after the short sale and have had NO waiting period!! 

One of the keys to make sure you are protecting yourself when negotiating a Short Sale is to confirm that your lender is not requiring a Deficiency balance that you are required to pay. Many times lenders will initially ask that a borrower sign a Deficiency Note requiring them to pay a portion of the difference between what the final net sales price of the home is and what is owed. Hermes & Associates works with Sellers to make sure this is not included in the Short Sale Approval letter and this is negotiable. Many owners, if they are not working with an experienced real estate agent or Negotiator are stunned to find out at the closing or soon after that they signed a deficiency note without realizing what they were signing.

If your or someone you know is falling behind on your mortgage or thinking about letting your home be foreclosed on, please STOP and give us a call or email us. There are no commission or upfront fees required doing a short sale using Hermes & Associates. The Sellers lender(s) pay our fees so there is no cost to a Seller.

For information on the Short Sale process, check out our website at www.PreventAtlantaForeclosure.com. On this website you will find tons of free information on the process and you can sign up for a free, confidential newsletter and get the right information before you decide what you need to do.

Please feel free to also reach out to us to discuss any questions you might have on the process.



Matt Hermes
Hermes & Associates
Keller Williams Realty
Top 5 Team in SE.
678-775-2787