-This is a transcript from Go Gaddis Radio to listen to the episode click here-> https://on.soundcloud.com/8fcwo
Welcome back to another week of Go Gaddis Real Estate Radio right here on AM nine 20. The answer in this first segment of the show, we've got the Metro Atlanta Residential Real Estate. Residential real estate market update in our, something you should know about Metro Atlanta Segment. We are featuring Six Flags over Georgia's newest family racing rollercoaster, and we've got a few past show listener comments about property data collectors versus appraisers.
Turns out it's a very hot topic. My name is Cleve Gaddis, and you're listening to Go Gaddis Real Estate Radio. Where we help listeners go from real estate, novice to experts. So home selling and buying can be done with total confidence and without all the worry that is so typical with life's biggest investments.
Long story short, if you listen to this show or you work with Modern Traditions Realty Group at Remax Center, that's my real estate brokerage team. We don't want you to learn anything at closing or after that. You should have learned before. Let's connect. We want to talk to you, we want to connect with you, and it's easy.
Go to go ga us radio.com. That's G O G A D D I S radio.com. You can ask questions that we answer on air, off air. You can make comments if you want to. We love that you can push back or challenge anything we say on the show. You can share your ideas with us, which we would love for you to do. You can subscribe to our.
Uh, podcast. We are available on all major podcasting platforms and you can request your neighborhood, your specific neighborhood, be featured in our neighborhood spotlight segment of the show. Without further ado, let's jump into our metro Atlanta residential real estate update through, um, through the last seven days.
Let me get over here to it so we can cover what's happened for the last seven days in. The first multiple listing service right here in metro Atlanta. We have had 2020 new listings, 2020 new listings, 1,380 homes have gone under contract, which means we got about 600, 650 more homes that have been listed than one under contract last week.
That means we've got more inventory on the market this week than last week. We had 1,555 closings. In metro Atlanta for the week, and we also had 1,166 homes that had a price decrease 1,166 homes that had a price decrease for those who are trying to buy a home. But you feel shut out of the market. You, your plans have been put on hold.
The reality is there's 1,166 home sellers in the last week that have. Raise their hand and identify themselves as someone who is more motivated this week to sell their home than they may have been the week before. If you are looking for a home to purchase and you want somebody to find homes for you, where the seller might be more motivated to negotiate with you in good faith, or maybe you might be the only one at the table negotiating, so the seller is forced.
To negotiate with you, I suggest you connect with us@gogaddisradio.com, G O G A D D I S radio. Dot com. You can ask to participate in our Motivated Home Seller Listing Alert Program, motivated Home Seller Listing Alert Program where we will help you identify based on your geographic area, which sellers in that area may be more motivated than in the past.
Now inventory continues to rise every single week in metro Atlanta of 600 to the tune of 650 listings more at the end of last week than at the beginning of last week. But the reality is is four sellers whose properties are in good shape, who've taken good care of it, and who've made that property look like it's 22 or 2023, uh, updated.
Um, there is a long line of buyers looking to buy those homes. If you are thinking about possibly selling your home anytime in the next six months, and you don't believe that it's in the right condition to fetch the highest sales price. Then it could be, uh, you need to take advantage of our r and r program.
Uh, you rest while we rehab and refresh your home. Uh, this program comes with up to $15,000 in allowance to help you make improvements to your home. So that you can maximize the sales price of your home. We've got two or three of those going through the system right this minute, and in all three of the cases that 12 or 10 or $15,000 investment is turning into a 30 or 35,000 or $40,000 higher sales price.
So if you want to unlock all the maximum value of your home without having to invest your own funds, we actually. Front you up to $15,000 worth for those $15,000 worth of, of repairs, uh, money for those repairs. We collect that money back at closing. And long story short is you wind up with much, much more money in your pocket after the fact the market is headed in the right direction.
Let's move into our next segment, which is our, something you should know about Metro Atlanta Segment, which features Six Flags over Georgia's newest family racing. Rollercoaster, which debuts in 2023. I remember as a kid, I went to six lags on the very day that the mine bender opened, and I don't know how many times I rode the mine bender, but I will tell you, at the end of the day, my mind was bent.
I wrote it so much. I was nauseated, I was dizzy. Um, I, I couldn't keep any food down. Uh, it, it, it made me terribly sick and I believe that I went with my older sister and we rode the rollercoaster together. I know I was with somebody and I can't remember exactly who it was. I bet it was my older sister.
Kay. And, uh, six Flags has great memories. Unfortunately, I've seen some feedback about Six Flags recently that indicates it's not necessarily the cleanest and the best kept. Place in Atlanta and I'm hoping that Six Flags will, if that is correct. I hope they get their act together and get that place fixed back up because then it's been a very important part of Metro Atlanta for years and years and years.
America's first single rail family racing coaster. Now where one rollercoaster races another, they've used six flags over Georgia for the 2023 season. The all new kids flash cosmic coaster, they say brings thrills for all ages. Uh, it is a spaghetti bowl twin tracked rollercoaster, featuring what they say are innovative single rail track and inclusion train design that provides.
Comfortable seating for both adults and children. That's a nice twist. It's all twisted up like a bowl of spaghetti. The tracks cross over and over and under each other, and a dozen times during the ride. The two sides can operate simultaneously for racing. If you wanna race your. You're competitor there, or you can do it with a single side.
This coaster is in the most popular section of the park, which is Gotham City. And, um, it can, the, the, the, the, that whole Gotham City area in all of six flags. You know, they're committed to providing thrills that the entire family can experience together. Again, unique coaster will run two trains, two parallel tracks, s simultaneously allowing guests to compete and race all the way to the finish line.
Uh, six Flags Over Georgia Open for the 2023 seasonal March. The fourth daily summer operation began Memorial Day weekend with the opening of Hurricane Harbor. If you want more information, just go to Google and type in six Flags over Georgia. It could be something that you and your family need to do this particular season.
We got a comment from a YouTube subscriber on our post about property data collectors and appraisers. That was from a previous show. I don't think it was on the last show. I think it was two or three shows in the past. But in the show we discussed property data collectors, which is like a light version of an appraiser that is not, I shouldn't even say that.
I'm gonna get myself myself in trouble saying that cuz property data collectors are not any version of an appraiser, but mortgage companies. And, um, appraisal management companies. That's the third party that coordinates the appraisal between the mortgage company and the appraiser because, uh, when, when we had all of the fraud happening with mortgages leading up to 2008, the federal government put a, put a glass.
A layer of glass, I'm not sure what you call that, a layer of glass in between the loan originators and the appraisers. And that is the appraisal management company. So lender orders from an appraisal management company, appraisal management company orders from the appraiser. And the, um, appraisal management companies evidently are trying to save money by getting property data collectors to go out and collect information that they can do use for automated.
Valuation models or things like that. And very interesting. In some cases we don't get a whole lot of listener, uh, or, uh, viewer comments on YouTube or on the, um, on the podcast. But in this case, we got comment after comment after comment after comment after comment. And this one bothered me when I read it.
Uh, it's property data collectors versus appraisers. It said we had one early last year where the property had been rezoned commercial. And with only minor changes was used as a law firm before they vacated and sold it. The buyer didn't know much about zoning restrictions, and after the bank couldn't get an appraiser to appraise it as residential.
Listen to this, they decided to use a data collector instead and an automated value to underwrite the loan since the area had been grandfathered. Title didn't check and the deal closed. The buyer had a 7% rate and was never able to refinance because she's illegal living illegally living in a commercial property.
Really kind of an absolute disaster. That, uh, this listener says could have been avoided by simply letting an appraiser do their report and report that it legally can't be occupied as a, as a home. I am a full believer that appraisers are in a very, very important part. Of the real estate world in the United States and wherever they function, and I am going to, even if they say property data collectors are okay, uh, I am going to make sure that, uh, I have appraisals on all the properties that I buy, even if I'm not necessarily sure that I need them, cuz I love an independent opinion on the value of my home.
As I mentioned earlier in the segment, if you are looking to sell your home anytime in the next six months, we believe we can sell your home for $28,000 more than your neighbor. If you believe that's too good to be true or you think that, um, it's a bait and switch, then I say, um, why don't you try me? Go to go ga us radio.com, click on sell for $28,000 more.
Put in a little bit of information. I will get back with you myself, and I will analyze your situation. I will create recommendations for you and I will help you figure out how to sell your home for $28,000 more than your neighbor, because we're gonna value it differently. We're gonna understand the market differently, and we're gonna be able to help you upgrade the property as necessary to attract top, top dollar.
We're gonna take a quick break when we come back. Mortgage rates, what's going on? How is raising the debt ceiling? Or how is raising the debt ceiling affecting mortgage rates? And then do you always need 20% to buy a home, or can you get into a home with 3% down or 0% down, or way less than 20%? Stick with us.
We'll be back.