Complete Realty Team Posts Blog and YT Video About the Do's and Don'ts When Trying to Buy a Home

Marietta, Georgia -

Marietta, Georgia-based Complete Realty Team strives to be one of the most well-rounded real estate services providers in the Greater Atlanta area. This effort has led them to be one of the top choices among the communities it serves when it comes to home selling and buying. But what this reputable realty team does goes well beyond just those two acts. It also tries to keep those in Marietta and the surrounding areas better informed on current Georgia real estate trends and happenings. As an example, this company has just released a YouTube video and blog post that discuss the do's and don'ts when trying to buy a home. Team Leader, Ken Mandich, says, “We here at the Complete Realty Team like to use our keen insight in the Atlanta area real estate scene to help home buyers and sellers simplify that process as much as possible. This includes providing pertinent information that’s related to obtaining mortgages. That’s why we recently produced and posted a new YouTube video and blog article that contained suggestions on what to avoid after a mortgage has been applied for.”

Mandich stated that at best, obtaining mortgages involves a tricky process that is subject to both a bank associate’s judgment and strict financial formulas. That’s why it’s so important for prospective home buyers to avoid some common pitfalls that can hinder their chance of getting a mortgage. In the introduction to this new YouTube video by the Complete Realty Team, Mandich says, “Have you recently applied for a mortgage? If so, follow these simple tips. Tips that if they are not followed increase the chances of a mortgage application being rejected. The first tip in the recently posted video was to not deposit a large sum of money in the bank after a new mortgage has been applied for. Something that sometimes will create a red flag situation. It was also suggested in this YouTube video not to cosign any loans while the application is pending or not to make any large purchases because both of these will increase a person’s debt-to-income ratio. Switching bank accounts during this time is also considered a no-no to remaining financially consistent and it was also stated in the video not to apply for new credit or close any bank accounts because these occurrences can hurt credit scores. It was also suggested in this Complete Realty Team video for a person to touch base with their lender before making any big financial decisions. The video ended with Mandich stating, “If you’re in the process of buying a home, lean on the pros for expert advice and guidance along the way. I’m Ken Mandich and if you have questions about your next move - get in touch. Until next time!”

The accompanying blog article expanded on the things to avoid when purchasing a house as far as mortgages are concerned. It starts by mentioning that while it’s exciting for a home buyer to start thinking about moving in and decorating after they’ve applied for your mortgage, there are some key things to keep in mind before the deal closes. As was stated in the recently released YouTube video, this article again emphasizes not depositing large sums of cash, making any large purchases, cosigning a loan, or switching or closing bank accounts. Occurrences that are all known to lead to mortgage application denial as they impact such key loan acceptance factors as debt-to-income ratios and financial inconsistency. This blog also once again emphasized discussing the financial actions mentioned above with the mortgage lender before making them. The article ended with Mandich reminding that he and the others on his experienced and competent team can help prospective home buyers with guidance during the mortgage application process.

https://www.youtube.com/watch?v=FdhfUuxePtE

The team leader also wanted to talk about some other traits that make them a great choice for selling or buying a house in Cobb County. Something that starts with their unique ability to combine cutting-edge real estate technology with a more human approach to doing business. It’s also a real estate team that takes pride in immersing itself in every aspect of real estate transactions such as comparable home price analysis, open houses, property surveys, HOA agreements, credit reports, titles, lending, and closing documents. More information on the real estate services that the Complete Realty Team offers can be had by referring to the company website.

Source: Complete Realty Team Posts Blog and YT Video About the Do's and Don'ts When Trying to Buy a Home

Don’t Put Off Buying A Home Waiting On 3 Percent Rates

Are you thinking you should wait for rates to drop to 4% or maybe even 3%?  Then Watch this:

 

The Federal Reserve took action to try and lower inflation last year. Mortgage rates quickly increased in response to such initiatives from the all-time lows we experienced in 2021, reaching a peak of just over 7% last October. As a result, prospective buyers’ purchasing power was reduced, which led to some of them pausing their plans.

The rate of inflation is now beginning to decline. Mortgage rates have fallen below their peak from last year as a result. Sam Khater, Freddie Mac’s chief economist, explains:

While mortgage market activity has significantly shrunk over the last year, inflationary pressures are easing and should lead to lower mortgage rates in 2023.

If you’re a buyer looking to enter the home market again, that could be fantastic news for you. Any decrease in mortgage rates increases your ability to buy by lowering your anticipated monthly mortgage payment. The reduced mortgage rates that analysts anticipate this year may be exactly what you need to rekindle your desire to buy a home.

While this presents a chance for you, keep in mind that rates won’t likely return to the historic lows we witnessed in 2021. Analysts concur that this is not the range on which purchasers should bet. Bankrate’s Chief Financial Analyst, Greg McBride, explains:

I think we could be surprised at how much mortgage rates pull back this year. But we’re not going back to 3 percent anytime soon, because inflation is not going back to 2 percent anytime soon.

In order to have a realistic outlook for this year, it’s vital to seek the assistance of knowledgeable real estate professionals. You might be shocked by the effect of even a slight mortgage rate decrease on your spending plan. If you’re prepared to purchase a home right away, the current market offers the chance to find your ideal home, obtain a cheaper mortgage rate, and have less buyer competition.

Summing It Up

The recent decrease in mortgage rates is fantastic news, but waiting until 3% if you’re ready to buy now is a mistake. Please consult a local lender to determine how current interest rates may affect your objectives, and then get in touch to discuss your possibilities in the local Cobb County real estate market. You can reach us at 404-410-6465, or visit CompleteRealtyTeam.com.

Original post here: Don’t Put Off Buying A Home Waiting On 3 Percent Rates

Avoid Derailing Your Home Loan By Following These Tips

If you have just applied for a home loan, check out this video about what not to do so it doesn't get denied:

Although it's terrific to begin planning your move and decorating once you've filed for a home loan, there are some important considerations to make before closing. Following your loan application, there are a few things you should avoid.

Avoid Making Large Cash Deposits

Cash is hard to track down, and lenders need to know where you got your money. Talk with your loan officer about properly recording your transactions before depositing any large amounts of money into your accounts.

Avoid Making Any Major Purchases

You could lose your loan if you make purchases that are out of the ordinary. Lenders may raise concerns about any sizable purchases. Debt-to-income ratios are higher for those with new debt (how much debt you have compared to your monthly income). With higher debt ratios, you'll be a riskier loan, and may no longer be eligible for a home loan. Avoid the urge to make any significant purchases, including those for appliances or furnishings.

Don't Cosign for Anyone's Loans

You assume responsibility for the loan's success and repayment when you cosign for it. Higher debt-to-income ratios result from that obligation. Your lender will have to count the payments against you even if you state that you won't be the one making them.

Avoid Changing Bank Accounts

Lenders must locate and track of your assets, including your bank accounts. When all of your accounts are consistent, that work is significantly more straightforward. Speak with your loan officer prior to making any financial transfers.

 

Avoid Getting Any New Credit Or Cards

Having your credit report checked by businesses in numerous financial channels (mortgage, credit card, auto, etc.) will affect your FICO® score, regardless of whether you're applying for a new credit card or a new car. Poor credit scores can affect your interest rate and perhaps even your approval eligibility.

Don't Close Any Old Accounts

Many purchasers think they are less risky and more likely to get approved if they have less accessible credit. That is untrue. Your total credit usage as a percentage of available credit and the length and depth of your credit history (as opposed to merely your payment history) play a significant role in determining your credit score. Both of those parts of your score are lowered by closing any inactive accounts.

DO Communicate With Your Lender About Any Changes

When speaking with your lender, be totally honest about any changes that take place or that you anticipate taking place. Any changes to your income, assets, or credit should be carefully considered and handled so that your home loan will still be granted. Inform your lender as well if your employment situation has changed recently. In the end, it's always preferable to be completely honest and open with your loan officer before making any financial decisions.

Summing It Up

You want everything to go as smoothly as possible when you buy a house. Remember to speak with your lender—someone qualified to explain how your financial actions may affect your home loan—before you make any significant purchases, money transfers, or other life changes.

If you are in the market for a new home, selling one that you have, or just have questions, reach out. You can contact us at 404-410-6465 or visit CompleteRealtyTeam.com.

The preceding Article Avoid Derailing Your Home Loan By Following These Tips was first seen on Complete Realty Team. See more on: Complete Realty Team - Ken Mandich - REALTOR - ERA Sunrise Realty Blog

Marietta Complete Realty Team Posts a Video and Article that Discuss What Home Sellers Need to Know About Selling Now

Marietta, Georgia -

Marietta’s Complete Realty Team has dedicated itself to helping home buyers and sellers in its Georgia area help smooth out those processes. It’s an experienced real estate team that likes to pass on its keen insight into the Cobb County real estate market to those looking to make home acquisitions or sell homes in that county, Metro Atlanta, and other surrounding areas. A good example of that comes in the forms of a recent Video and Blog Article that this real estate agency created. Media forms that discuss what sellers need to know about selling in today’s current real estate market.

Ken Mandich, the team leader at Complete Realty Team, says, "We are always looking for better ways to inform our clients and others as to the current real estate market in Marietta and the surrounding areas. Our new video and blog article are good examples of that. We will continue to do whatever it takes to make sure home buyers and sellers in Cobb County and Metro Atlanta stay as informed as possible to current real estate trends in the area.”

This newly posted Complete Realty Team video is directed at those interested in ‘selling your house' in Marietta and the surrounding Cobb County area’s starts by stating that the company realizes that many people are hesitant to sell their homes now because they’ve heard that the real estate market has cooled over the past year. The company states in the video script that this is not entirely true and that good selling opportunities still exist. That is if a seller is willing to do certain things on their end. This includes being slightly flexible when it comes to negotiations. That’s because as more sale homes come into the marketplace buyers have more options to choose from. Second, their home’s sale price must be priced fairly. Something that knowledgeable real estate teams such as theirs with all of the tools they have at their disposal can definitely help with. Lastly, the video states that home sellers must do everything within their means to make a great first impression on prospective buyers. The video ended by saying that those at the Complete Realty Team are always willing to discuss these things further with those that are considering outing their Atlanta and Cobb County homes up for sale.

The recently posted blog article is titled ‘Want to Sell Your House? Price It Right’. It expands upon the second point that was mentioned above in the newly released video. This article talks about why it’s important for home sellers to somewhat adjust their expectations in response to the housing market slowdown that resulted from a hike in mortgage rates. Key points in the article include what happens if a home is priced too low or too high and why it’s best to price a home right from the start. The blog stated that this is another area where the seasoned real estate professionals at Complete Realty Team are more than qualified to help.

Ken Mandich, the team leader at Complete Realty Team, described their philosophy by saying, “We believe the home selling and buying process should be fun and be as stress-free as possible. Our team accomplishes this by placing knowledgeable and caring real estate experts by your side. People that are ready and able to help you understand the process and look out for your best interests. Not to mention we will display a human touch the entire time we are helping you.”

https://www.youtube.com/watch?v=BwKWyRQsOCE

Mandich also talked about how they use cutting-edge technology, take advantage of digital marketing, and take the most honest approach when it comes to giving their clients peace of mind as they search for or look to sell a home. Something that’s ultra-important in today’s very different housing market. He also brings a unique perspective to real estate buying and selling because of his many years of experience renovating and ‘flipping’ homes. Firsthand knowledge that few real estate team leaders possess. Mandich added that those that are interested in using creative ways to ‘selling your house in Cobb County or Metro Atlanta can contact them by phone, email, or by using the form that’s found on the Complete Realty Team website.

Source: Marietta Complete Realty Team Posts a Video and Article that Discuss What Home Sellers Need to Know About Selling Now

Interested In Selling Your Home? Price It Right

Due to increasing mortgage rates, the housing market slowed down last year, which had an effect on property values. If you're considering selling your house soon, you should modify your expectations in line with that. As explained on realtor.com:

“. . . some of the more prominent pandemic trends have changed, so sellers might wish to adjust accordingly to get the best deal possible.”

In a more balanced market, how you price your home will significantly impact your bottom line and the potential speed of sale. And the truth is that in today's market, houses that are priced fairly continue to sell.

Why a Fair, Appropriate Price for Your Home Is Important

Your asking price conveys a message to potential buyers, especially in today's market.

If it's priced too low, you risk losing money or discouraging purchasers who could see a lower-than-expected price tag and question if the house has a problem.

Price it too high, and you run the risk of scaring away potential customers. When that occurs, you might need to reduce the asking price in an effort to rekindle interest in your home after it has been sitting on the market for some time. Be mindful, as some purchasers may interpret a price reduction as a warning sign concerning the property.

Price it accurately from the beginning to avoid either headache. An expert in real estate knows how to choose the right asking price. To determine the right price, they weigh factors like the value of nearby properties, current market trends, buyer demand, the state of your home, and more. This increases the chances that you will receive stronger bids and that your home will sell more quickly.

The illustration below summarizes the potential effects of your asking price:

Learn more about selling your house and what you need to do in today's changing real estate market in this video:

 

Summing It Up:

Homes with current market value pricing are still selling. Let's connect to ensure that you accurately price your home, maximize your sales potential, and reduce your hassle. You can contact us, even for just questions at CompleteRealtyTeam.com, or give us a call at 404-410-6465

The preceding Post Interested In Selling Your Home? Price It Right was first published to CompleteRealtyTeam.com. Find more at: Complete Realty Team Buyer’s Agent Blog

Complete Realty Team Explains What Homeowners Need to Know About Moderating Home Prices

Marietta, Georgia -

Local REALTOR® Complete Realty Team has recently posted a video and an article that explains to homeowners what they need to know about moderating home values. Using a graph that depicts home price growth since 2019, they want to point out that while the growth in home values has been moderating month-over-month, the percentage of appreciation year-over-year at the present time are still well above the home price range that was observed during the pre-pandemic or normal years in the market.

According to the graph, before the pandemic, the home price growth was only around 3 to 4 percent, but during the pandemic, the home price growth reached a peak of around 20 percent. It has since them started to decline but the home price growth is still much more compared to the normal 3 to 4 percent price growth.

Ken Mandich from Complete Realty Team says, “It’s possible you’ve seen news stories mentioning a drop in home values or home price depreciation, but it’s important to remember those headlines are designed to make a big impression in just a few words. But what headlines aren’t always great at is painting the full picture. While home values are down slightly month-over-month in some markets, it’s also true that home values are up nationally on a year-over-year basis. It’s true home price growth has moderated in recent months as buyer demand has pulled back in response to higher mortgage rates, and this is what the headlines are drawing attention to today. But what’s important to notice is the bigger, longer-term picture. While home price growth is moderating month-over-month, the percent of appreciation year-over-year is still well above the home price change we saw during more normal years in the market.”

The graph shows that while home sellers will not be able to benefit from the 20 percent increase seen in early 2022, in most markets home prices have been appreciating by around 10 percent compared to the previous year. This 10 percent gain in home value is still significant compared to the usual level of home price increase of 3 to 4 percent. Thus, homeowners shouldn’t lead the headlines prevent them from selling their home if they want to. Over the past two years alone, homeowners have gained a significant amount in their home equity as home prices climbed rapidly. Even if home price moderation will be change moving forward, homeowners can still take advantage in the substantial increases to their home equity during the past two years.

Complete Realty Team has the mission of enabling home sellers and buyers to get the services of the real estate agents who can truly help them and make sure that their clients are comfortable and in the know as to what is happening at every step of the home selling or buying process. For home sellers, they will be assisting in the creation of a personalized and winning strategy for selling the home as fast as possible and for the highest price possible. Ken Mandich is a Realtor who leads a team of real estate agents. He is also knowledgeable and experienced in digital marketing, which is useful in putting the house of the seller in front of more people who are actively searching for a property to buy. For home buyers, they will be negotiating the best possible deal, such as the terms of the contract. And they will also offer the best resources to allow the home buyer to locate the best possible utilities, home insurance, home financing services, etc.

They offer their residential real estate expertise in Cobb County, including the nearby areas of: Austell, Fair Oaks, Acworth, Mableton, Marietta, Kennesaw, Roswell, Sandy Springs, Powder Springs, Vinings, and Smyrna.

https://www.youtube.com/watch?v=TkRKcham0Ak

Those who would like to know more about moderating home prices can check out the blog post of the Complete Realty Team on their website or contact them on the telephone or through email. They can be contacted 24 hours a day, at any day of the week.

Source: Complete Realty Team Explains What Homeowners Need to Know About Moderating Home Prices

What Sellers Really Should Know About Home Prices And The News

The most recent news stories about housing prices might be at the forefront of your mind if you're attempting to decide whether or not to sell your property. And if those stories have left you wondering what the impact of this will be on the value of your property, the following is the information that you really need to know.

What Kind of Changes Are We Seeing in Home Prices?

You've probably read news articles that discussed a decline in property values or depreciation in home prices; nevertheless, it's essential to keep in mind that the headlines of those articles are written to create a significant impact with very few words. The problem is that headlines don't often do a very good job of conveying the whole situation.

Although there has been a minor month-over-month drop in home prices in some cities, it is still the case that home values have increased on a year-over-year basis across the country. The following graph, which was created with the most recent data available from S&P Case-Shiller, helps tell the tale of what is genuinely occurring in today's housing market:

home growth

Home prices have moderated in recent months, as seen in green on the graph, since buyer demand has pulled back in response to rising mortgage rates. This is the topic being highlighted in the news headlines today.

However, the broader picture that extends over a longer period of time is essential to keep in mind. Although the rate of increase in home prices is slowing month-over-month, the percentage of appreciation year-over-year is still significantly higher than the rate of change in home prices that we observed during years in which the market was more typical.

The bars for January 2019 through the middle of 2020 show that the typical annual increase in house prices is between 3 and 4 percent (see bars for January 2019 through mid-2020). However, even the most recent statistics for this year show that costs are still around 8% higher than they were the year before.

What Does This Imply Regarding the Equity in Your Home?

Even though you might not be able to take advantage of the 20% appreciation we saw at the beginning of 2022, the value of your home has increased by an average of 10% over the past year in the majority of markets. A gain of 10% is still significant when compared to the more typical level of appreciation, which is 3-4%.

The big takeaway? It is important that your plans to sell are not derailed by all of the crazy headlines. As a result of the rise in home prices over the past two years, you have probably seen a sizeable increase in your property's equity. You can still use the increase in your equity to help propel your move, even though future trends indicate that property prices will moderate differently depending on the market.

According to the Chief Economist at First American, Mark Fleming, who says:

“Potential home sellers gained significant amounts of equity over the pandemic, so even as affordability-constrained buyer demand spurs price declines in some markets, potential sellers are unlikely to lose all that they have gained.”

Summing It Up

Let's get in touch if you need assistance determining how much equity you have in your present home or if you have concerns about the housing market's current state. You can reach us at 404-410-6465, or just visit our site at CompleteRealtyTeam.com

 

What Sellers Really Should Know About Home Prices And The News is courtesy of Complete Realty Team. Find more on: The Company’s Site

Marietta Complete Realty Team Posts New Blog that Discusses How the Housing Market Is Nothing Like 2008

Marietta, Georgia -

Complete Realty Team has been meeting and exceeding the needs of home buyers and sellers in the Marietta, Georgia area for many years now. It’s something that this reputable realty team has accomplished by combining a human touch with the latest advances in real estate-related technology.

Part of the human touch that those at this real estate team exhibit also goes well beyond just helping clients buy and sell homes. This includes educating clients and other Cobb County citizens on the current real estate market trends in its Georgia area. Evidence of this comes in the form of a recent blog post that the Complete Realty Team posted on its website that discusses how the current housing market is nothing like the unstable one that was present in 2008.

Ken Mandich, the team leader, says, “Real estate selling and buying is just like any other financial sector of the economy. That means so-called experts are always trying to speculate as to whether certain years will prove to be good or bad times in the real estate market. It’s no different this year as some are predicting a rough year for those interested in buying and selling real estate and it could even be as bad as what was experienced in 2008. It’s a forecast that we here at the Complete Realty Team disagree with, so we decided to write and post a blog explaining the reasons why we feel that way.”

This new Complete Realty Team blog article is appropriately titled ‘Today’s Housing Market Is Nothing Like It Was in 2008’. As was mentioned above, its main point is that there will be no housing market crash like '08. The new post started by acknowledging that there is some craziness going on in the real estate market at present that does remind some people of what happened in 2008. In the blog, it says that while there are some similarities to the real estate market in 2008, there are also many dissimilar trends too.

The article then went on to share some statistics that were given by Lawrence Yun, the Chief Economist at the National Association of Realtors (NAR), at the last Real Estate Forecast Summit. These were presented in the form of a chart that compared national trends that were present in 2008 with those that are present at this time in 2023. The most dissimilar of these statistics are 8 million job cuts in 2008 compared to none now, subprime loans being very prevalent in 2008 and almost non-existent now, and 7.7 million new homes under construction in 2008 compared to 4.6 million now. Also pointed out in this chart by Yun is that the mortgage delinquency in 2008 was over 10% and currently it sits at 3.6% to go along with 4.6% of homes with a mortgage being in foreclosure in 2008 as compared to less than 1% of homes being in foreclosure so far in 2023.

This new Complete Realty Team blog article cited the fact that these statistics are dramatically far apart when 2008 is compared to 2023 as the main reason the real estate team at this company does not believe a repeat of the 2008 real estate market will happen again this year. It’s an article that also included an excerpt from a quote by David Stevens, who used to be the Assistant Secretary of Housing, which states, “So be advised…this may be the one and only window for the next few years to get into a buyer’s market. And remember…as the Federal Reserve data shows…home prices only go up and always recover from recessions no matter how mild or severe. Long-term homeowners should view this market…right now…as a unique buying opportunity.”

https://www.youtube.com/watch?v=r_7feIsWKIg

This new blog post by the Complete Realty Team ended with Ken and his team inviting those interested in buying or selling homes in Cobb County or Metro Atlanta to reach out to them for more reasons why now is still a great time to make real estate deals in these Georgia areas.

Source: Marietta Complete Realty Team Posts New Blog that Discusses How the Housing Market Is Nothing Like 2008

REALTOR® Ken Mandich from Complete Realty Team Dispels The 20% Myth Behind Money Needed for Down Payment

Marietta, Georgia -

Complete Realty Team, Marietta, Georgia’s premier real estate agency, has released an article and YouTube video explaining the reality of down payments for future homeowners.

The article begins by dispelling the myth that buyers always need a 20% down payment to purchase a residential property. In fact, in the vast majority of cases, the down payment is closer to 14%, the national average. In some cases, depending on the cost of the property, the lender, and the type of mortgage that one is applying for, the down payment can be 20% but it is not a rule. According to the National Association of Realtors (NAR), since 2005, the average down payment has never been more than 20%. Even repeat home buyers, those who are usually quoted higher rates by mortgage providers, report an average down payment of around 17%.

In the YouTube video, Ken Mandich says, “If you're saving up to buy your first home, you might have heard or think that you need 20% of the home price for the down payment. But here's the truth. That's not necessarily the case unless specified by your lender. You don't always have to put that much down. Today's median down payment is less than 20%. It's only 14% when you take the average for all buyers and it's even lower for first-time buyers, at just 6%. The big takeaway here is - don't let the myth of needing 20% down be a barrier to you achieving the American dream of home ownership. If saving for a down payment still feels like a challenge to you, there are over 2000 assistance programs in the United States. The majority are intended to help with down payments. So if you want to purchase a home this year, let's connect. You may be closer to your savings goal than you think.”

In the blog post, Complete Realty Team dives into the details of the help available out there for homebuyers. As Ken mentions in the video, the article instills hope in readers by letting them know of the many avenues of securing the downpayment, as highlighted in the latest Homeownership Program Index from Down Payment Resource. Some homebuyers can even qualify for specialized loans from government agencies such as the FHA, which offers down payments as low as 3.5%, the VA, the USDA, and others. Finally, the article urges those interested in buying a residential property to approach a trusted and experienced real estate agent, such as the high-performing professionals at Complete Realty Team, to get a complete overview of the options available to them in the current market.

Complete Realty Team is led by Ken Mandich, a REALTOR® with years of experience in North Metro area real estate. He is a part of ERA Sunrise Realty, one of Georgia’s most respected real estate companies which has been going strong since its founding in 1972. Ken and Complete Realty Team can help homeowners in every aspect of real estate transactions including comparable home price analysis, open houses, property surveys, HOA agreements, credit reports, title companies, lenders, homeowners’ insurance, walk-throughs, terms of sale, or purchase, concessions, repairs, and closing documents.

Ken sums up his services for Georgia home buyers by saying, “Owning a home is a lifelong dream for most individuals. However, the magnanimity of the financial commitment and preparation required can seem overwhelming for many. If you are in the same boat, give us a call and we can help you move into your dream home and secure your and your family’s financial future at the same time.”

https://www.youtube.com/watch?v=YkKxx2cMCqY

Readers can contact Ken Mandich and Complete Realty Team at (404) 410-6465 or write to the Cobb County real estate company at admin@completerealtyteam.com. Ken and his team can answer questions about their services, available properties, general queries such as the money needed for a down payment on a home, and more. Complete Realty Team can help first-time and repeat home buyers find suitable properties in all areas of Cobb County including Marietta, Smyrna, Acworth, Kennesaw, Powder Springs, and Austell.

Source: REALTOR® Ken Mandich from Complete Realty Team Dispels The 20% Myth Behind Money Needed for Down Payment

Today’s Housing Market Is Nothing Like It Was in 2008

There's no question that the housing market today is very different from the crazy one of the past few years. In the second half of 2022, there was a significant change in the real estate market, which made many people think of the housing crisis of 2008. Even though there may be some similarities, there are big differences when you look at key factors between now and the last housing cycle.

In the most recent Real Estate Forecast Summit, Lawrence Yun, the Chief Economist at the National Association of Realtors (NAR), compared the current housing market to the last one:

When you look at the facts, it's clear that the housing market today is very different from the market 15 years ago.

There Is Opportunity In Residential Real Estate Today

Right now is a good time to buy because there are more homes on the market and less competition from other buyers. David Stevens, who used to be the Assistant Secretary of Housing, says:

“So be advised…this may be the one and only window for the next few years to get into a buyer’s market. And remember…as the Federal Reserve data shows…home prices only go up and always recover from recessions no matter how mild or severe. Long term homeowners should view this market…right now…as a unique buying opportunity.”

Here's what Ken has to say on the subject:

Final Thoughts

The housing market of 15 years ago was completely different than the market of today. Right now, if you want to buy a home, this could be the chance you've been waiting for. If you're ready to buy or sell a home in Cobb County or Metro Atlanta, reach out to us at CompleteRealtyTeam.com

The previous post Today’s Housing Market Is Nothing Like It Was in 2008 was originally published on Complete Realty Team. Discover more at: Complete Realty Team - Ken Mandich - Real Estate Agent ERA Sunrise Blog

Complete Realty Team Presents a 2023 Housing Market Forecast in New Video

Marietta, Georgia -

Complete Realty Team, which is based in Marietta, GA, has recently posted a video on YouTube on their predictions for the housing market in 2023. REALTOR® Ken Mandich explains that there are two key factors that will shape the real estate market in 2023 and those are inflation and home financing rates. And these two factors are interconnected because higher inflation results into higher interest rates. In 2022, inflation was high and the Federal Reserve had to raise rates to control it. But there are signs that inflation is finally getting in control, which means that home financing rates are likely to go down.

While the year 2022 was a time of economic uncertainty and higher home financing rates, which significantly dampened buyer demand, it appears that there are signs of inflation getting in control, which promises lower rates. Many people involved in the real estate market are therefore excited about the prospects of the housing market in 2023.

According to the National Association of Realtors (NAR), “While 2022 may be remembered as a year of housing volatility, 2023 likely will become a year of long-lost normalcy returning to the market, . . . mortgage rates are expected to stabilize while home sales and prices moderate after recent highs, . . .”

Meanwhile, Lawrence Yun, chief economist at NAR, explains, “After a big boom over the past two years, there will essentially be no change nationally… Half of the country may experience small price gains, while the other half may see slight price declines.”

The bottom line is that while the outlook for 2023 is positive, it will actually depend on the direction that inflation will take. It would be a good idea to be informed on the latest market trends and insights from trusted real estate professionals like Ken Mandich and the realtors at Complete Realty Team.

Realtors are licensed professionals who are knowledgeable and experienced about the housing market and can offer the needed guidance for both home sellers and home buyers. Meanwhile, they want to highlight certain factors that would make people choose them over other similar providers. One important factor is their focus on the human touch while applying cutting edge technology, which enables them to deliver a better level of consistency, excellent value, and service. Another factor is their belief that the home selling or buying process should be fun and hassle-free. The whole buying or selling process has to be kept as simple as possible with people who really care and provide the appropriate guidance. And lastly, what they provide to clients is honesty, peace of mind, and knowledge.

Complete Realty Team has the primary goal of enabling home sellers and buyers to find the real estate agents who would be able to help them and know how to make their clients comfortable and be knowledgeable on what exactly is happening at each step of the home selling or buying process. For home sellers, they will assist in developing a personalized and winning strategy for selling the home as fast as possible and for the highest amount possible. Ken Mandich is a Realtor who leads a team of real estate agents. He is experienced and knowledgeable in digital marketing and he applies this to help the house of the seller to be put in front of more people who are actively searching for a home to buy. For home buyers, they will help in negotiating the best possible deal, including the terms of the contract. And they will also provide the best resources to assist the home buyer in locating the best possible home financing services, utilities, and homeowners’ insurance. They offer their services in Cobb County, including neighboring areas, including: Austell, Fair Oaks, Acworth, Mableton, Marietta, Kennesaw, Roswell, Sandy Springs, Powder Springs, Vinings, and Smyrna.

Those who are interested in knowing more about the 2023 housing market forecast can visit the Complete Realty Team website or contact them on the phone or through email. They can be contacted 24 hours a day, from Sunday to Saturday.

Source: Complete Realty Team Presents a 2023 Housing Market Forecast in New Video

Wondering How Much You Really Need For A Down Payment?

If you're about to buy your first home, you're probably saving up for all of the costs that come with it. Your down payment is probably the first cost that comes to mind. But don't make it harder than it needs to be by believing a common myth about how much you need to save.

Understand That a 20% down payment isn't always the norm

Freddie Mac explains:

“. . . nearly a third of prospective homebuyers think they need a down payment of 20% or more to buy a home. This myth remains one of the largest perceived barriers to achieving homeownership.”

Most of the time, you don't have to put 20% down unless your loan type or lender says so. This means that you might be closer to buying a home than you think. The National Association of Realtors (NAR) says that since 2005, the average down payment has never been more than 20%. In fact, the average down payment is only 14% these days. And for first-time homebuyers, it's even lower, at just 6% (see graph below):

Find out what you can do to help you reach your goal

If it's still hard for you to save for a down payment, know that you can get help. A real estate agent and a lender you trust can show you options that could help you get closer to your goal of having a down payment. According to the latest Homeownership Program Index from Down Payment Resource, there are more than 2,000 programs in the U.S. that help people buy homes. Most of these programs help with down payments.

There are also loan types, like FHA loans, with down payments as low as 3.5% and options, like VA loans and USDA loans, that don't require a down payment from qualified borrowers.

Do your homework to know what your options are. If you want to learn more about programs that help with the down payment, you can find information on sites like Down Payment Resource. Then, work with a trusted lender to find out what kind of home loan you can get.

Bottom Line

Remember that you don't always have to put down 20%. Let's talk if you want to buy a house this year. You'll also need a lender you can trust so you can look into your down payment options, and we can also help you there with finding a superb mortgage broker to help you get the best rate and find out how much YOU need for a down payment.

Get in touch with us at 404-410-6465, or visit our website at CompleteRealtyTeam.com to learn more.

Wondering How Much You Really Need For A Down Payment? was first seen on CompleteRealtyTeam.com. See more at: Complete Realty Team Agents Blog

Complete Realty Team Launches New You Tube Channel

Marietta, Georgia -

Complete Realty Team, based in Marietta, GA, has launched a new YouTube Channel. Their first video welcomes all their viewers and clients while providing a brief introduction about the Georgia real estate market.

If anyone in the state is looking for an agent that listens to them, is accessible and has their best interests in mind, Complete Realty Team firmly states their team is the answer. The company’s top priority is taking care of their clients and making sure they are comfortable and know exactly what is happening with every step of the home buying or selling process. Whether a client is buying or selling, the team believes the entire process should be enjoyable and as stress-free as possible. The team does their very best to achieve this — despite the inevitable bumps in the road, their collective expertise is utilized to help smooth out any obstacles. The company has earned a strong reputation for honesty, expertise and professionalism. They also believe in the American dream and that home ownership should be achievable for everyone.

Apart from their introduction video, the company hopes to post updates about the real estate market and what to expect in the near future on their new YouTube channel as well. The mission of the company is to give their clients a foundation of knowledge and insight that will help them make decisions that are right for them (and help to carve out a path towards generational wealth).

Buying or selling a home is not a simple task, as many are aware. It is a complicated process that requires the help of a professional REALTOR®. A top real estate agent will help clients through every step of the process, from finding the right home or the right buyer to negotiating the best price. A REALTOR® is not a luxury in real estate, notably. Rather, they are a necessity if a client wants to ensure a smooth home buying or selling process. A top REALTOR® will help clients find the right home or the right buyer and will have in-depth knowledge of the region’s real estate.

Based on the listings identified, good real estate agents will also go above and beyond to help clients find the right home or sell them home for top dollar. An agent of this caliber will also facilitate negotiation and handle all the paperwork. They are experienced in all aspects of the home buying and selling process and will be there to offer professional guidance every step of the way, from start to finish. Learn more here: REALTORS®.

There are several steps involved in buying or selling a home in Cobb County, GA. The steps of selling a home include determining its value, preparing it for sale, advertising it to buyers, receiving (and negotiating) offers and closing on the sale. The process of buying a home includes helping clients get pre-approved for a financial aid plan, searching for the right home, making an offer on a home, receiving and negotiating a counteroffer and finally closing on the purchase of the new home.

Clients in search of a top real estate agent in Cobb County, GA need look no further than Complete Realty Team. Their experienced real estate agents are knowledgeable about the Atlanta and Cobb County real estate market and are ready to help all of their clients buy or sell a home. As top real estate agents in the region, they have been helping people buy and sell homes for many years. They are experienced in all aspects of the home buying and selling process. For buyers, they are committed to protecting the client’s investment by getting them the best deals as they search for a home. The team will also assist their clients when shopping for financial aid plans, homeowner's insurance and utilities. For sellers, the team has perfected a winning digital marketing strategy with a multiple listing service that will get the client’s house a huge audience with prospective homebuyers who are currently in search of a home.

https://www.youtube.com/watch?v=Yrg4RDMRmkU

To learn more about Complete Realty Team, clients may visit the company’s official website or contact their office directly via phone or email. The company serves all of Cobb County, Georgia, including the cities of Acworth, Austel, Fair Oaks, Kennesaw, Mableton, Marietta, Powder Springs, Roswell, Sandy Springs, Smyrna and Vinings.

Source: Complete Realty Team Launches New You Tube Channel

What’s In Store For The 2023 Real Estate Market?

Everyone wants to know what is in store for the 2023 Residential Real Estate Market. While we can't see into the future (wish we could, we'd make some Super Bowl bets!), we can look at the Data and what is happening with the economy in general to get a good idea. We think there will be two driving forces behind the 2023 real estate market. Curious about what we see on the horizon? Then check out this video -

 

 

To learn more about what is happening with today's market, as well as tips for sellers and buyers, be sure and check out our site at CompleteRealtyTeam.com.

The previous Post What’s In Store For The 2023 Real Estate Market? was first seen on CompleteRealtyTeam.com. Learn more on: Complete Realty Team - Ken Mandich - Agent

Marietta REALTOR® Ken Mandich Explains What Homeowners Should Expect When Working With A Listing Agent

Marietta, Georgia -

Georgia REALTOR® Ken Mandich, from Complete Realty Team, is guiding homeowners on what they can expect when being represented by a sellers' agent in a real estate transaction.

Real estate agents can work as listing agents, also known as sellers’ agents, or buyers’ agents. The former helps property owners list their property for sale while the latter represents those who are in the market looking to buy. Being a successful listing agent requires an insight into the state’s laws and regulations surrounding real estate transactions, a keen eye for interior design, excellent salesmanship, and strong negotiation skills.

The result is that experienced real estate agents can add significant value to a real estate transaction for the seller. In a publication titled “2021 Profile of Home Buyers and Sellers,” the National Association of REALTORS® reported that FSBO (For Sale By Owners) Sellers sold their properties for a significantly lower median price of $260,000 as compared to the median price of $318,000 for agent-assisted home sales.

Ken Mandich then talks about the many ways listing agents make the process easier for the seller by saying, “Listing agents are trusted advisors during the listing, marketing, and closing stages. They provide information about similar properties in the area and offer informed advice on staging and improvements that will generate interest and maximize the sales price. They help you price your property, market it, navigate the many forms, documents, and disclosure requirements involved, negotiate the best price and terms for you, review all written offers, and promote your interests.”

Homeowners need to sign a listing agreement to authorize a real estate firm's agent to act as their sellers' agent in all their dealings. Agents from other firms may also be allowed to assist a homeowner in finding a buyer for their property. The listing company will charge the homeowner a commission fee for representing them and marketing the property. The listing agreement will state how the fee or commission is calculated and whether the firm will share its commission with the buyers' agents.

Ken, who leads a team of Marietta seller's agents at Complete Realty Team, then explains the specific advantages that listing agents can offer when it comes to marketing a property by saying, “A listing agent will make sure that your home garners a lot more interest than if you went at it alone. Apart from putting up a listing on the local Multiple Listing Service (MLS), sellers’ agents have access to many other effective marketing channels. The real estate agent can list the property on their website, social media profiles, blogs, and newsletters to gather interest from buyers who are following its updates. The listing agent can even propagate the deal through their professional networks which can catch the attention of buyers’ agents.”

Readers who are planning on selling their property soon can head over to Complete Realty Team’s website to determine its worth by filling out and submitting a contact form. The company asks for the visitors’ contact information, whether they are ready to list or just trying to preemptively determine their property’s value, its address, and other details about it such as the number of bedrooms, full bathrooms, and half bathrooms. The contact form also urges the applicants to write a custom message informing the company’s representatives whether the home needs repairs or if it was recently renovated.

The Georgia real estate company assures potential customers that the value of their property is not determined algorithmically. Instead, every submitted application is given personal attention by a team of expert real estate professionals who will calculate the estimated value of the property using their years of knowledge and experience. Applicants can usually expect a reply to their inquiry within 24 hours.

Readers in Marietta, Georgia, or anywhere else in Cobb County looking for some of the top listing agents in their local area can find contact information for Ken Mandich on his Google My Business listing at https://g.page/realtorken?share.

Source: Marietta REALTOR® Ken Mandich Explains What Homeowners Should Expect When Working With A Listing Agent

Will Your House Still Sell In Today’s Market?

If recent headlines about the housing market cooling and buyer demand moderating have you worried you’ve missed your chance to sell, here’s what you need to know. Buyer demand hasn’t disappeared, it’s just eased from the peak intensity we saw over the past two years.

Buyer Demand Then and Now

During the pandemic, mortgage rates hit record lows, and that spurred a significant rise in buyer demand. This year, as rates increased due to factors like rising inflation, buyer demand pulled back or softened as a result. The latest data from ShowingTime confirms this trend (see graph below):

 

The orange bars in the graph above represent the last few months of data and the clear cooldown in the volume of home showings the market has seen since mortgage rates started to rise. But context is important. To get the full picture of where today's demand stands, let's look at the July data for the past six years (see graph below):

This second visual makes it clear that, while moderating compared to the frenzy in 2020 and 2021, showing activity is still beating pre-pandemic levels – and those pre-pandemic years were great years for the housing market. That goes to show there’s still demand if you sell your house today.

What That Means for You When You Sell

The key to selling in a changing market is understanding where the housing market is now. It’s not the same market we had last year or even earlier this year, but that doesn’t mean the opportunity to sell has passed.

While things have cooled a bit, it’s still a sellers’ market. If you work with a trusted local expert to price your house at the current market value, the demand is still there, and it should sell quickly. According to a recent survey from realtor.com, 92% of homeowners who sold in August reported being satisfied with the outcome of their sale.

Bottom Line

Buyer demand hasn’t disappeared, it’s just moderated this year. If you’re ready to sell your house today, let’s connect so you have expert insights on how the market has shifted and how to plan accordingly for your sale.

The previous Article Will Your House Still Sell In Today’s Market? is available on Complete Realty Team. Learn more on: www.CompleteRealtyTeam.com

Ken Mandich From Marietta, Georgia Is Offering Tips On How To Find A REALTOR

Marietta, Georgia -

Georgia REALTOR® and Team Leader at Complete Realty Team, Ken Mandich is providing tips on how homeowners and commercial property owners should go about picking a real estate agent or broker to represent them.

A REALTOR® is a member of the National Association of Realtors (NAR), a century-old American trade association with over 1.4 million members who work in the nation’s real estate industry. The term REALTOR® is a federally registered collective membership mark that identifies a real estate professional who subscribes to the NAR’s strict Code of Ethics.

All real estate professionals have to be licensed by the state to serve their customers. However, not all licensed real estate agents or brokers are REALTORS®. According to statistics from the Association of Real Estate License Law Officials (ARELLO), of the over 3 million people who hold active real estate licenses in the country, only a little over half are REALTORS®. If a real estate agent or broker claims to be a REALTOR® and they don’t have the proof to back it up, they are engaging in fraud.

The criteria that an applicant has to meet to become a member of the NAR are rigorous. This demanding vetting process requires applicants to show their experience within the industry and finish courses that add to their knowledge. This exclusivity and discerning intake process are why the trademarked designation is well-respected within the real estate industry. REALTORS® are sought after for their skills in the real estate market as well as their pledge to always serve their clients with integrity and honesty.

Ken Mandich, who is a REALTOR® himself, talks about why homeowners and commercial property owners should always look for others like him when buying, selling, or leasing property by saying, “For most Americans who invest their hard-earned money in real estate, buying and selling property are the biggest expenses and potential sources of income in their lives. You will rarely deal with such large sums of money again. Would you trust the safety and security of hundreds of thousands, or even millions, of dollars to someone who is not experienced or well versed with the system? When you work with REALTORS®, you get the peace of mind that the most astute and honorable professionals in the real estate industry are on your side. If you are participating in a real estate transaction in the United States today, you shouldn’t go ahead with it unless you have a REALTOR® in your corner looking out for you.”

Ken Mandich then offers some industry advice on the best ways in which property owners can go about choosing a REALTOR® to represent them. The first piece of advice from Ken is to ask family members and friends for recommendations. Getting a referral through word of mouth is one of the strongest indicators that a professional offers excellent service and delivers on what they promise. If one goes the online route, internet reviews are a great way to gauge the quality of services offered by a REALTOR®.

Next, the REALTOR® should ideally have most of their experience within the area of the country where a homeowner or business owner is looking to buy, sell, or rent a house or commercial property. This ensures that the REALTOR® is intimately familiar with local rules and regulations and is also a sound judge of the prices that local properties are fetching in the current market.

Finally, one should plan on meeting with at least a couple of REALTORS® in person to find out more information such as their years of experience, the time they would be able to dedicate to the case, their specialty, and their strategy to market the property and to negotiate a better price.

Readers looking for the best REALTOR® in Marietta, Georgia, and other cities located in Cobb County including Acworth, Austell, Kennesaw, Mableton, Powder Springs, and Smyrna, can contact Ken Mandich at (404) 410-6465 or write to Complete Realty Team at admin@completerealtyteam.com.

Source: Ken Mandich From Marietta, Georgia Is Offering Tips On How To Find A REALTOR