Nate & The 12:45 Team Did It Again
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Email Nate - NateJohnson@1245team.com

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Wednesday, April 27, 2011

Buying A Home As-Is

The Property Is "As-Is"... What Does This Mean?  "As-Is" means the seller will not make any repairs to the property.

All bank owned (foreclosure) and short sale properties will be bought "As-Is".

Some people are very concerned about this, so we are going to explain the steps we take to make sure you are not buying a money pit home.

When we look at properties, we will be looking for glaring red flags. As the agent, I will point these out to you and we will discuss them. Most buyers think repair work costs a lot more than it actually does. Some actually do cost a lot, so our priority is to figure out what scenario we are in when we look at the home.

If you love the property and think it has a lot of potential but are still concerned there may be some major issues with it, we would be happy to recommend a home inspector we know and trust.

A home inspection is done after the Bank has approved the contract. We will need to do one typically within a week of our contract being ratified. Once this is done, we will get a better picture of what type of home you might be buying. If there are serious issues, we will get out of the contract and keep looking or we will try to negotiate the price of the home down to reflect these issues. Minor repair work will not be a reason for negotiating price again.

If the HVAC unit or some of the appliances look like they are on their last leg, we will recommend a home warranty.  If the property is a bank owned or short sale, we STRONGLY recommend a home warranty.  A home warranty covers any of your appliances or HVAC system.  If it goes out in the first year, they will send someone out to repair or replace it. You can even renew this year after year should you choose.

Two of the most expensive items to fix in a home are HVAC and the roof.  The HVAC will be covered by the home warranty and the roof will be visually inspected by the home inspector.

Typically "As-Is" properties are already being bought at a great price, 10-20% below market value.  Most buyers tend to be ok with minor repairs needed on a home if they get it at a good price.

When you are ready to start looking at homes, please let me know and I’d be honored to help!

Tuesday, April 26, 2011

What Our Clients Say

Client Testimonials:

Judy Short Sold Her Condo 
(She decided to not to waste away her savings on a property $80,000 upside down)




Joe & Rachael - First Time Home Buyers


Brian - First Time Home Buyer
He bought his home a year ago and still recommends the 12:45 Team.




Enuma - Short Sold Her Condo
Nate was the best! He had the condo under contract soon after it was listed. You could not find a better realtor to take you through the short sale process. The short sale process went through very smoothly. His team really had the entire process down so there were no surprises. There is no doubt that I would be working with Nate Johnson in any of my future real estate dealings. He knows the business!


Neil & Mary - Short Sold Their Townhome
Thanks for all your help guiding us the through the home sale. We were both very happy to finally get it all done. Although going through the short sale was not a fun process you helped make it bearable and keep us informed. We are more happy getting out of the house then we bought it.

Lisa - First Time Home Buyer
Most realtors are pushy. He wasn't at all. Yet always available/quick to reply with my questions, even after closing when he didn't have to care anymore.

Chris - Short Sold His Condo

The short sale was fairly simplistic once I understood all of the moving parts. There are some things you need to know up front or things to look for once you get the paperwork. But overall process went well. I would absolutely refer Nate to my friends and family

JD & Allison - First Time Home Buyers
We encountered the typical issues with a short sale: non-responsive bank, extremely long wait times. It was tough dealing with a low inventory market. Nate made everything else easy. Nate worked very hard to find the home that we wanted. We encountered some tough situations, but he kept us informed and walked us through the process. We will call him again when we start to expand our family.

Tuesday, April 19, 2011

Gates of Fair Lakes Condos Real Estate Weekly Home Sales Report 4/19/2011

MyGatesofFairLakesCondo.com

Relevant Real Estate Information for Gates of Fair Lakes . A gated condo community.


Activity has increased again at Gates with 4 active listings this week, 4 homes under contract and 1 home sold this month. If you are thinking about buying or selling here in Gates of Fair Lakes Contact me

As of today (April 19, 2011) There is 4 active listings in MLS, 4 condo currently under contract and 0 condos sold in the last 30 days.

NEW LISTINGS

According to MLS, the number of new listings this week was: 0

ACTIVE LISTINGS

Here’s the breakdown of all active listings in MLS:



UNDER CONTRACT

According to MLS, there is 4 condos under contract.



I will have the final numbers for this once it closes, if it closes.

SOLD

According to MLS, 1 condo sold in the last 30 days.



Sold In 2011




Fairfax Condos Sold for 2007 vs. 2008 vs. 2009



Fairfax Townhomes Sold for 2007 vs 2008 vs 2009






RENTALS

Condos currently for rent: 2

Condos rented out in the past month: 3

If you need any help finding a rental or listing your condo for rent, please contact us.

We will take care of all the work for you and do background checks on the applicants to make sure they are qualified. We are also a fully licensed property management group also. Just ask us more about how this benefits you.


OBSERVATIONS

Keep checking back for the status of your community. If you have any questions or would like to know the value of your home right now, email us!





Disclaimer: Information was gathered from the MLS and is deemed reliable but not guaranteed.

Tuesday, April 5, 2011

Gates of Fair Lakes Condos Real Estate Weekly Home Sales Report 4/05/2011

MyGatesofFairLakesCondo.com

Relevant Real Estate Information for Gates of Fair Lakes . A gated condo community.


Activity has increased again at Gates with 3 active listings this week, 5 homes under contract and 1 home sold this month. If you are thinking about buying or selling here in Gates of Fair Lakes Contact me

As of today (April 5, 2011) There is 3 active listings in MLS, 4 condo currently under contract and 0 condos sold in the last 30 days.

NEW LISTINGS

According to MLS, the number of new listings this week was: 3

ACTIVE LISTINGS

Here’s the breakdown of all active listings in MLS:



UNDER CONTRACT

According to MLS, there is 5 condos under contract.



I will have the final numbers for this once it closes, if it closes.

SOLD

According to MLS, 1 condo sold in the last 30 days.



Sold In 2011




Fairfax Condos Sold for 2007 vs. 2008 vs. 2009



Fairfax Townhomes Sold for 2007 vs 2008 vs 2009






RENTALS

Condos currently for rent: 2

Condos rented out in the past month: 3

If you need any help finding a rental or listing your condo for rent, please contact us.

We will take care of all the work for you and do background checks on the applicants to make sure they are qualified. We are also a fully licensed property management group also. Just ask us more about how this benefits you.


OBSERVATIONS

Keep checking back for the status of your community. If you have any questions or would like to know the value of your home right now, email us!





Disclaimer: Information was gathered from the MLS and is deemed reliable but not guaranteed.