Unlocking Wealth and Security: The Benefits of Real Estate Investing

Amidst the bustling streets and dynamic neighborhoods lies a golden opportunity for investors seeking to build wealth and secure their financial future through real estate. Let’s explore the many benefits of real estate investing and why it's a wise choice for those looking to grow their portfolios.

Steady Appreciation
Atlanta's real estate market has a track record of steady appreciation, making it an attractive option for investors seeking long-term capital growth. From historic neighborhoods like Virginia-Highland to emerging areas like Westside Provisions District, properties in Atlanta have shown consistent appreciation over time, providing investors with a reliable path to wealth accumulation.

Strong Rental Demand
With a growing population and a thriving job market fueled by industries such as technology, healthcare, and entertainment, Atlanta boasts strong rental demand. Whether it's young professionals flocking to Midtown, families seeking top-rated schools in Decatur, or students attending prestigious universities like Georgia Tech, there's no shortage of tenants looking for quality rental properties in Atlanta.

Diverse Investment Opportunities
Atlanta offers a diverse range of investment opportunities to suit every investor's preferences and budget. From single-family homes and condominiums to multifamily apartment buildings and commercial properties, there's something for everyone in Atlanta's real estate market. Investors can choose to focus on high-growth areas with redevelopment potential or established neighborhoods with stable rental markets, depending on their investment objectives.

Favorable Market Fundamentals
With a growing economy, favorable business climate, and relatively low cost of living compared to other major metropolitan areas, Atlanta boasts strong market fundamentals that support real estate investment. Low unemployment rates, robust job growth, and a steady influx of newcomers contribute to the city's resilience in the face of economic downturns, providing investors with confidence and stability.

Tax Incentives and Benefits
Real estate investors can take advantage of various tax incentives and benefits that help maximize their returns and minimize their tax liabilities. From deductions for mortgage interest and property taxes to depreciation allowances and tax-deferred exchanges, there are plenty of opportunities for savvy investors to optimize their tax strategy and enhance their overall profitability.

Thriving Culture and Lifestyle
Beyond its economic prospects, Atlanta offers a vibrant culture and lifestyle that appeal to residents and investors alike. From world-class dining and entertainment to outdoor recreation and cultural attractions, there's always something happening in Atlanta. Investing in real estate here not only offers financial rewards but also the opportunity to be part of a dynamic and growing community.

In conclusion, real estate investing presents a wealth of opportunities for investors seeking to grow their portfolios and secure their financial futures. With steady appreciation, strong rental demand, diverse investment options, favorable market fundamentals, tax incentives, and a thriving culture and lifestyle, Atlanta checks all the boxes for savvy investors looking to unlock wealth and prosperity through real estate. Whether you're a seasoned investor or just getting started, Atlanta's real estate market offers endless possibilities for growth and success and Strive is here to help! Book a call below to get the conversation started! 

Home Buying Made Simple

Welcome to "Home Buying Made Simple," a workshop designed to demystify the home buying process and empower first-time buyers like you!

This workshop is designed for anyone considering buying a home for the first time or looking to refresh their knowledge of the home buying process. Whether you're a young professional, a growing family, or someone ready to invest in real estate, this event is tailored to meet your needs.

At this workshop we'll cover:

• Step-by-Step walkthrough of the home buying process

• How to qualify for a mortgage

• Breakdown mortgage payments

• Understanding down payment and closing costs

Don't miss this opportunity to learn from industry experts, ask questions, and gain the knowledge you need to make your home buying journey smooth and successful. Reserve your spot today and take the first step towards owning your dream home!

About Jazmyne Butler

Jazmyne Butler is a Realtor, broker, investor and coach. For almost a decade, she has helped people buy, sell and invest in real estate. She believes that homeownership is the cornerstone of financial freedom, and that it can impact people, families, and generations. One of her core principles is that “real estate is for everyone” – all people deserve a chance at what ownership can bring. Her goal is to help create a great foundation to build upon for a long, smart homeownership and investment journey. She specializes in helping people find creative ways to build wealth and is passionate about helping people make #smartmoves in real estate at any level. See more @revivalathome or visit revivalathome.com.

About Sarah Brown

Sarah Brown was born and raised in Houston, Tx. She has a love for reading, music, dance, fitness, cycling, and outdoorsy activities. After working in corporate America for almost 13 years in the Recruiting and Marketing departments, she has decided to step into the Real Estate industry and use those skills and the experience of buying and selling their own home to carve her path in the industry and be apart of a winning team. She lives by the rule of treating others the way she would like to be treated and will do that with each and every client. ⁠See more @iamsarah.brown or visit striveatl.com.

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Looking to Buy in 2024? Join Us for Our First Time Homebuyers Workshop

Are you dreaming of owning your own home in 2024? Join us for an informative workshop designed especially for first-time homebuyers! Hosted by local real estate experts Joy & Austin, this workshop promises to equip you with the knowledge and confidence you need to take the leap into homeownership.

During this free workshop, we'll cover essential topics including:

✔️The benefits of purchasing versus renting

✔️The step-by-step home purchasing process

✔️Getting pre-approved for a mortgage

✔️How real estate can serve as a powerful wealth-building tool

Whether you're eager to leave renting behind or simply curious about the home buying process, this workshop is for you! Don't miss out on this valuable opportunity to learn from experienced professionals and take the first steps towards making your homeownership dreams a reality.

Expert Speakers:

Our team of experienced real estate professionals will guide you through each step of the workshop, sharing their knowledge and expertise to help you make informed decisions and achieve your financial goals. You’ll hear from:

Joy Holby-Mccall: Realtor | @joytotheworld_86

Joy is a true born-and-raised Atlantan who loves playing community-league volleyball, running the Silver Comet Trail, thrifting for colorful clothes, painting, and reading. She has found things to love about every part of the city she’s lived in and has listed and sold homes from Decatur to West End to Vinings and Buford! She’s a strong negotiator (married for 12+ years, sooo) who gets everyone to the closing table with a smile. Walking first time buyers and sellers through the process is her passion and opening the door to home ownership to everyone who is capable is her heart’s desire. She is known for putting the “Joy” in joie de vivre and for bringing more color to the world around her.

Austin Walker: Realtor & Real Estate Investor | @txpeach_atl

Austin has been a resident of Atlanta since 2008, originally from Dallas, TX, hense TX Peach! She absolutely loves Atlanta and finds joy sharing the best Atlanta has to offer, whether it’s food, outdoor activities, family outings, or real estate!

As a real estate investor herself, she understands the importance of home ownership and building wealth through property investments. She's dedicated to motivating people to achieve their goals and win, and believes that owning a home is a crucial step towards financial stability and success.

Sign up today!

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4 Key Factors of Understanding the Real Estate Market

Ever thought about what determines the health of the real estate market? Here are some key factors! 

Supply and Demand

Supply refers to the number of available properties in the market while demand represents the desire for properties by potential buyers. When demand exceeds supply, property values tend to rise. Conversely, an oversupply may lead to decreased values.

House Prices

Home prices reflect the balance between supply and demand, economic conditions, and other market factors. Rising prices may indicate a robust market, while declining prices could signal challenges or shifts in the economy.

Interest Rates

Interest rates make mortgages more affordable, boosting demand and potentially leading to an increase in house prices. Interest rates are often linked to the overall economic health, and changes can influence consumer confidence and spending. 

Economy

Economic indicators such as employment rates, income levels, government policies, and GDP play a crucial role in shaping the real estate market. High employment rates contribute to increased demand for housing, impacting both supply and demand dynamics. The overall income levels of the population influence the ability to afford homes and impact the real estate market's health. Economic policies, such as tax incentives or stimulus measures, can directly influence the real estate market and a growing economy is generally associated with a thriving real estate market, as it boosts consumer confidence and investment. 

While there are other factors that impact the market, understanding these factors can help make make informed decisions when buying, selling, or investing in real estate. If you have questions about any of these or want to chat more, click below to talk to someone from our team! 

Is Purchasing a Home on Your List for 2024?

Here are a few things to think through to make sure you hit your goal to buy a home this year! 

Why you want to buy.

As with many other things life, knowing your "why" is important in the home buying process because it'll determine how you approach your home search. Is your current home too small? Do you want to be in a different school zone? Are you ready to stop renting and buy your first home? Whatever the reason, list out the factors that contribute to this decision. 

Where you want to buy.

Looking to move to a new city? Eyeing that house down the street from your apartment? Hearing more about a neighborhood where major developments are happening? Having an idea of where you want to live will help you plan budget-wise and give you a glimpse of how your life will look in the area(s) you're considering. 

What kind of house you want to buy. 

What features are most important to you? Is there a certain style home that you prefer? Does it matter if there's an HOA? Getting an idea of what you prefer can help you pin down specific things to look for or avoid during your house hunting journey. 

How your money looks. 

Looking at your budget and knowing how much of your savings is available helps inform your readiness to buy. How much money is in your savings? What is your credit score? How much debt do you currently have? 

Who you want to help. 

Ask your friends and family if there's a real estate agent or lender they recommend and why. Starting with referrals from trusted sources can add a sense of relief and build confidence that you're working with the right people. 

Once you've thought through these things, determine your main driver. Is affordability most important or aesthetic? Can you live without having an acre lot or do you prefer owning a townhome where the lawn is smaller? No matter what you decide, we're here to help! Click below to meet someone from our team and get the ball rolling!

Happy Holidays From Strive - How we're spending Christmas

The Holidays are such a special time of year. There is just something about a crisp chill in the air, Christmas music playing, and seeing all of the decorations on display that makes you feel like a kid again, regardless of how many years go by. While we continue to serve our clients and assist with any buying & selling needs, we also take time to slow down, be with those closest to us, and embrace this wonderful season. Learn more about what this season means to our agents and how they’ll be celebrating the holiday below!

Jazmyne Butler

“I love the idea of a “new start”, so it’s the perfect opportunity to restart, refresh, and refocus. I’m looking forward to what the new year will bring for my clients, family, and friends!”

Malcolm Norris

“I’ll be spending this Christmas with my beautiful family! I’m so grateful for all of the individuals I had an opportunity to assist on their real estate journey this year. In 2024, I’m excited to help more people make their real estate dreams come true!”

Austin Walker

“This year we will be celebrating Christmas Day with Andre’s family and then heading to Dallas to be with my parents, sister and her family.  We love going to Dallas so the kids can be with their cousins!  Plus it’s always good catching up with old friends!”

Adrienne Sherwood

“Merry Christmas! We will be unpacking and enjoying our new home with family this season.”

Erika Brown

“The family and I are spending Christmas in Louisiana with my grandma! I’m looking forward to so much in 2024 such as the conference and other upcoming events.”

There is so much to look forward to and enjoy! With that we wish you joy and happiness this Holiday season and hope you are surrounded by loved ones. From all of us at Strive, Happy Holidays!

7 Hacks to Prepare Your Home for Winter

As the temperatures start to drop, we’re enjoying the best parts of fall and preparing for the Holidays and all that the season brings. As we move and shake into winter, I’m reminded of a costly culprit - delayed home maintenance. One of the simplest home hacks is to do small things each season to prevent bigger, more costly repairs. Here’s a list of seven things to do to prepare your home for the winter:

1. Inspect and Seal Windows and Doors: Check for any drafts around windows and doors. Use weather stripping or caulking to seal any gaps. This simple step can prevent cold air from entering and warm air from escaping, helping to reduce your heating bills.

2. Service Your Heating System: Schedule a professional inspection and maintenance for your heating system. Change air filters, clean vents, and ensure that your system is in good working condition. A well-maintained heating system is more efficient and reliable.

3. Protect Your Pipes: Insulate exposed pipes, especially those located in attics, basements, or crawl spaces, to prevent them from freezing. In colder nights, leave faucets dripping to keep water flowing and reduce the risk of frozen pipes. Some people consider leaving open cabinets so that they are more exposed to the heat in your home.

4. Clean Gutters: Ensure that your gutters are clear of debris, such as leaves and twigs. Clean gutters allow for proper drainage, preventing ice dams that can damage your roof and gutters.

5. Check the Roof: Inspect your roof for any missing or damaged shingles. Replace or repair as needed to prevent leaks. A well-maintained roof is crucial for keeping your home warm and dry.

6. Test Smoke and Carbon Monoxide Detectors: Winter is the time when heating systems and fireplaces are used more frequently, increasing the risk of fire and carbon monoxide leaks. Test your smoke and carbon monoxide detectors to ensure they are functioning properly.

7. Check Your Landscaping: Trim any overhanging tree branches that could potentially fall onto your home during winter storms. This reduces the risk of damage to your property and helps keep your home safe.

These simple steps of proactivity will not only help you stay warm but also increase safety and reduce the risk of winter-related damage to your home. Some of these items are DIY-friendly, but others may require a professional. If you need any referrals, feel free to reach out!

Why You Should Get Off the Sidelines and Get Into the Game of Homeownership

Are you one of those individuals who could purchase a home now but are waiting for interest rates to fall? If so, please grant me just a few minutes to explain why you may want to reconsider that strategy. I’ve spent a fair amount of 2023 playing “devil’s advocate” in response to the seemingly constant talk about high interest rates and I’d like to think I’ve become reasonably well versed at doing so. When I’m having a conversation with someone and they give me that classic line, “I’m waiting for interest rates to fall”, I can feel my head verging toward exploding. Why? You ask? Because EVERYONE’s waiting for interest rates to fall! 

Due to this reality, allow me to explain what’s likely to happen once interest rates do fall if recent history is any indicator. When the rates fall, and no one knows for certain when that will be, what is likely to occur is the housing market will experience a groundswell of potential buyers. Much like we did when we saw historically low interest rates during Covid. The long and short of what took place when interest rates were so low was we ended up in a scenario where we had more potential buyers (not to mention investors) looking to become homeowners than we had actual homes. Due to such a scenario there were countless instances of multiple buyers placing offers on the same home which resulted in bidding wars and many of them were brutal, particularly for those that were ultimately outbid. Take it from someone who not only worked in this market but bought a home during this time as well. It took an emotional toll.

Fast forward to the present day, interest rate hikes are more common, but we’re not seeing nearly as much of the fierce competition that we did when interest rates were lower. This is because there are fewer people in the market. Many people, as I mentioned earlier, are waiting for rates to fall. What many of those individuals have yet to embrace, and let me preface by saying this solely applies to those who are still in a position to buy despite the rate hikes and not anyone that has unfortunately been priced out of the current market. But for those who are still able to buy and are choosing to wait, I only ask that you consider the strong likelihood that you’re going to find yourself in one of those aforementioned bidding wars which will cause you to have to pay X amount of dollars over what the home is actually being sold for.

My question is—why not save yourself from such potential agony? Yes, interest rates have increased faster than they have since 1970 but due to that reality, homes are now sitting on the market longer, which means there’s more potential to negotiate favorable terms because sellers want to sell! Additionally, many new construction communities are offering more incentives than I’ve ever seen. Just this week a client of mine had their rate bought down, received $15k in closing costs, and got their appliances paid for!

I share this real life example with you to say simply that all is not lost. There are still options despite what mass media (and much of what you may encounter on the internet) may have to say. Once again, I am not denying for a second that rates are high, but what I do see is an increasing acknowledgement by the market, and not just an acknowledgment but an actual response to current interest rates in the form of increased incentives from sellers and builders that are at a potential buyer’s disposal, should they choose to take advantage. 

In conclusion, if it's not yet evident, I really enjoy educating and empowering potential buyers with facts or at least a different perspective so that they’re equipped to make informed decisions that are in their and their loved ones best interest. (No pun intended)

If you’re at all curious about your buying options, book. a consultation and let’s talk more! 

Analyzing the Current Real Estate Market

The real estate market is a dynamic and ever-changing industry, and it's crucial to be well-informed about its current state if you're considering buying or selling a property. In this blog post, we will examine key market indicators without relying on a conversational style.

Inventory: The inventory of homes available for sale plays a significant role in determining the state of the market. As of September, our market had approximately 3 months of inventory. In real estate, less than 5 months of inventory is considered a seller's market, while more than 7 months is a buyer's market. A balanced market typically falls in the range of 5 to 7 months. Despite being technically a seller's market, the buyer pool has decreased due to lower interest rates, making it an opportune time for buyers.

Average Price: The average home price experienced an increase, rising from $398,000 in January to its peak in June. However, it saw a slight decline to $387,000 by September. This decrease offers a more favorable climate for buyers, although sellers may not have the flexibility to raise prices as before.

Days on Market: Days on market (DOM) reflect the time a property is listed before going under contract. The market experienced an increase in DOM, peaking at 30 days at the beginning of 2023. There was a steady decrease to 11 days by July, followed by a slight increase to 15 days in September. This trend suggests heightened activity during the summer months, tapering off as we head into fall and winter.

Shows to Pending: This metric indicates how many showings are required before a property receives an offer and goes under contract. Presently, it stands at 8 showings, varying between 8 and 11 throughout the year.

Percent of List Price: The percentage of the list price that homes actually sell for is a crucial factor. It dipped slightly in the previous year but returned to 100% in March of the current year. This implies that, on average, properties are still selling for their listing price.

Implications for Buyers and Sellers:

For Sellers: To succeed in the current market, sellers should ensure their homes are well-prepared for sale and strategically priced. While there are fewer buyers, the good news is that, on average, properties are still closing at their list price. The only potential challenge is that it might take a bit longer to secure a contract.

For Buyers: Despite the market technically being a seller's market with low inventory, the smaller buyer pool means less competition for homes. This can provide buyers with the opportunity to negotiate discounts or have the seller cover additional closing costs, which can be advantageous in terms of buying down the interest rate.

In summary, the real estate market is currently offering unique opportunities for both buyers and sellers. Staying well-informed and working with a knowledgeable agent is essential to capitalize on these opportunities and navigate the ever-changing landscape of the real estate market.

If you’re interested in buying or selling your home, reach out to me today by scheduling a consultation below!

Student Loan Payments Are Near—Here’s How to Prepare

Preparing for the resumption of student loan payments in October while aspiring to buy a home can be challenging, but it's not impossible. Here are some steps and strategies individuals can take to better prepare themselves:

1. Assess Your Financial Situation:

• Take a close look at your current financial status. Understand your monthly income, expenses, and debts, including your student loans.

• Calculate your debt-to-income ratio to gauge your eligibility for a mortgage. Ideally, your debt payments (including student loans) should be less than 43% of your monthly income.

2. Create a Budget:

• Develop a detailed budget that outlines your monthly expenses, including rent or current mortgage, utilities, groceries, transportation, and discretionary spending.

• Allocate a portion of your budget to savings for a down payment and emergency fund.

3. Save for a Down Payment:

• If you haven't already, start saving for a down payment on your future home. The larger your down payment, the more favorable your mortgage terms may be.

• Explore down payment assistance programs and grants that may be available in your area.

4. Prioritize Debt Reduction:

• Consider making extra payments on your student loans to reduce the outstanding balance. Paying down debt can improve your debt-to-income ratio and boost your credit score.

• Look into loan forgiveness programs, income-driven repayment plans, or refinancing options to manage your student loan payments more effectively.

5. Improve Your Credit Score:

• A higher credit score can lead to better mortgage terms and lower interest rates. Pay your bills on time and work on reducing credit card balances to boost your score.

• Monitor your credit report for errors and address any discrepancies promptly.

6. Explore Housing Market Options:

• Research the housing market in your desired location. Be open to considering homes in different neighborhoods or looking at properties that may need some renovation.

• Attend open houses and speak with real estate agents to gain a better understanding of the market.

7. Get Preapproved for a Mortgage:

• Before you start house hunting, get preapproved for a mortgage. This will help you understand your budget and make you a more attractive buyer to sellers.

• Shop around for mortgage lenders to find the best rates and terms.

8. Consult with Financial Advisors:

• Consider seeking advice from financial advisors or housing counselors who can provide personalized guidance on managing your debt and preparing for homeownership.

• Discuss your specific financial situation and goals with professionals who can help you create a tailored plan.

9. Be Patient and Flexible:

• Understand that achieving homeownership while managing student loan debt may take time. Be patient and flexible with your timeline and expectations.

• Continue to educate yourself about the real estate market and homeownership to make informed decisions.

10. Review Government Programs:

• Explore government programs that can assist first-time homebuyers, such as FHA loans, VA loans (for eligible veterans), and USDA loans (for rural areas).

• Investigate state and local programs that offer down payment assistance or tax incentives for homebuyers.

By taking these steps and diligently managing your finances, you can better prepare for the resumption of student loan payments and work toward your goal of homeownership. Remember that achieving both financial stability and homeownership often requires time and careful planning. If you have more questions or want to talk further, book a consultation with someone from our team! We’re happy to help!

Will Student Loans Delay Your Homeownership Dreams?

With the resumption of student loan payments looming in October, many individuals are bracing themselves for the financial impact. Beyond the immediate strain on their budgets, one area where this change may ripple through is the real estate market. Homeownership is a significant life goal for many Americans, but student loan debt can pose both short-term and long-term challenges to achieving this dream. Here are four ways people might be affected by the resumption of student loans in October in regards to home buying.

1. Delayed Homeownership Dreams:

One of the most immediate effects of student loan payments resuming is that individuals may see their dreams of homeownership pushed further into the future. The burden of student loan debt can strain an individual's financial capacity, making it difficult to save for a down payment or qualify for a mortgage. With monthly loan payments resuming, some may find it necessary to put their home buying plans on hold, potentially causing frustration and disappointment.

2. Reduced Buying Power:

Student loan debt can significantly impact a person's debt-to-income ratio, a crucial factor in mortgage approval. High levels of student debt may reduce the amount a person can borrow for a mortgage, forcing them to settle for a less expensive home or delay their purchase until they can improve their financial profile. This reduced buying power can limit housing options and make it challenging to find a suitable property in a competitive market.

3. Increased Financial Stress:

The resumption of student loan payments can add an additional layer of financial stress for aspiring homebuyers. Juggling mortgage payments, student loan obligations, and other living expenses can be overwhelming. This heightened stress may lead to compromised financial decisions or even impact mental well-being, as individuals struggle to manage their financial responsibilities while striving for homeownership.

4. Potential for Delayed Retirement Savings:

For some, student loan payments can be a major roadblock to saving for retirement. When a significant portion of one's income goes toward debt repayment, there may be limited funds available for retirement contributions. This can have long-term consequences, as delayed retirement savings may result in a less comfortable retirement or a later retirement age, further impacting the timing of homeownership.

While homeownership remains a cherished aspiration, student loan debt can complicate the path to achieving it. Unsure how to navigate these challenges successfully? We recommend you connect with a lender to assess your DTI, seek financial advice from an advisor, and explore strategies to manage your debt effectively while working toward your homeownership goals.

Want to chat more? Book a consultation with one of our agents to get your specific questions answered! 

FAQs: When Searching For a Home

Finally, the moment you’ve been waiting for… house shopping! But how does this all work?

Q: What should I do when I see a house online that I like?

Call your buyer’s agent, the agent you are working with, to find your home. It’s best that you work with one real estate agent throughout your search because that person learns what you like and dislike and will invest a lot of time vetting properties for you. That person also represents your best interests only. When you call the agent advertising the home, you are dealing with the seller’s agent; so, while they can assist you, they represent the seller. Reach out to me if you need an agent in your area.

Q: Can you show me a house if it’s not your listing?

A: Absolutely. As a buyer’s agent, I can show you any house listed in our MLS system, and I will contact FSBO sellers on your behalf. As mentioned above, working with me as your buyer’s agent ensures that your interests are protected.

Q: How do we write an offer?

A: When you find the property you want to make an offer on, I will guide you through the negotiable terms of the contract, such as the sales price, earnest money amount, closing date, and any additional stipulations you’d want to be added to the offer. We go through each section in detail, and I will write the offer on a contract form and submit it to the seller’s agent.

Q: What if I want to back out of a contract?

A: You can back out of the contract, but you risk losing your earnest money deposit. During the due diligence period, the buyer is able to terminate the contract for any reason (this is the time frame during which you’d want to get your inspection). Outside of the due diligence period, you may only legally terminate the contract if the property doesn’t appraise, if you’re within an appraisal contingency, or you don’t qualify for financing if you’re in a financing contingency.

Q: What happens if there are other offers on the house I love?

A: It is common in this market to have multiple offers (sometimes dozens) on one home. If there are multiple offers, you would want to offer your “highest and best” offer in order to win the bid, within reason. Keep in mind that many factors may influence the sellers decision to select a particular offer, such as sales price, contingencies, closing date, down payment amount, type of financing, etc.

Q: What happens when my offer gets accepted?

A: Once both parties have agreed on all terms and signed the contract, your earnest money deposit must be submitted to the holder. We’ll immediately notify the lender and the attorney, then we’ll schedule your inspection.

Want to chat more? Contact me below!

*Note: this article can also be found on Jazmyne’s Revival at Home website.

Buying Based on Price, Location, or Condition

"You are one step closer to purchasing your dream home AFTER purchasing your first home."

This is a common misconception when it comes to first time home buyers. When you’re deciding what things you MUST HAVE and where you can flex a little, consider these three aspects of your new home:

1. Price - This is pretty objective. What is the price? Do not expect in this seller’s market that you can negotiate down on price much.
2. Location - What part of your location is most important? Do you have an A, B, C, wishlist for location?
3. Condition - Condition takes the home style, age, bedroom/bathroom count, special features (fireplace, garage, double vanity) and repairs needed into consideration.

Now rank these from most important to least important.

When I purchased my first home, location was my #1 concern. Next was price. For these reasons I literally only had 2 options at the time. I had to choose between a newly renovated 2/2 without a dining room or a not as renovated 3/2. I wanted to house hack so having a 3rd bedroom was very important for my rental potential so I went with the second option.

When you work with me, I help you identify what is most important to you while also being the market expert to help you understand what is possible for you. Schedule with me today to have a free buyer’s need analysis.

Buying Property in Your Kid’s College Town

Hello there, fabulous readers!

Ever considered owning a piece of your child’s college adventure? Well, buckle up because in the energetic city of Atlanta, this idea just got a turbo boost! Investing in a home in your kid’s college town is not just smart, it’s brilliant, and I’m here to spill all the tea on why.

1. Stable Rental Income: Atlanta’s buzzing student population ensures a steady stream of renters. Owning property near campus can turn you into a rental income maestro, providing a comfortable home for your child while also boosting your bank account.

2. Potential for Appreciation: Atlanta’s real estate scene is hotter than a Georgia summer, and investing in your kid’s college town can set you up for impressive property appreciation. Ride the wave of growth while your child rides the wave of education!

3. Convenience During Visits: No more frantic hotel searches during parents’ weekend! Your own place in Atlanta means you’re just a hop away from campus whenever you want. Comfort and convenience? Check!

4. Vibe with the Community: Atlanta’s cultural scene is a symphony of diversity, food, and fun. By having a place here, you’re not just investing in property – you’re investing in experiences that go beyond textbooks.

5. Tax Benefits: Talk to the bean counters, because real estate often comes with fantastic tax perks. Owning property in your kid’s college town might just put a smile on your accountant’s face.

6. Sweet, Sweet Memories: Imagine cheering for your child at graduation from a home that holds cherished memories. That’s not just an investment – it’s a lifelong keepsake.

7. Passive Income Delight: Want to kick it up a notch? Invest in a property big enough to rent rooms to other students. Watch your investment flourish as you create a passive income flow that can make your financial dreams come true.

8. Expert Guidance: Navigating the real estate sea can be daunting, but our crew of expert realtors knows Atlanta like the lyrics to your favorite song. We’ll help you find a property that’s an investment slam dunk.

9. It’s More Than Money: Investing in your kid’s college town is like saying “I’m with you every step of the way.” From late-night study sessions to career-launching internships, you’ll be a part of it all.

Ready to dive into Atlanta’s real estate playground? Our realtors are your go-to guides for a venture that’s not just about properties, but about enriching your child’s college journey and your own financial future.

So, why wait? Let’s chat, explore, and make those investment dreams a reality. Reach out to us today and let’s start the adventure!

Cheers to your kid’s future and your financial success,

Austin, Your Atlanta Realtor and Partner in Investment Adventures

4 Myths About Real Estate Investing

Are you intrigued by the idea of real estate investing but held back by common myths that seem to loom over your aspirations? It's time to dispel these misconceptions and pave the way for your real estate journey.

1. You need a lot of money to invest in Real Estate.
   I speak to clients who think the only way to become a Real estate investor is that you have to save up 20% to put down in order to invest. FALSE. There are a number of strategies that allow you to put between 3%-5% down in order to become an investor.

2. You need excellent credit to invest in Real Estate. FALSE.
   When I bought my first home I had a 589 credit score. We bought a house with a basement and began collecting rent from our tenant. This rent helped pay down debt, pay towards childcare, and any other extra things we had come up with when we were first getting started. You do not have to have excellent credit to become an investor.

3. You need to be debt-free in order to invest in Real Estate. FALSE!!!
   This is a big one. By investing in Real Estate you can use the money you earn towards paying down your debt with other people’s money.

4. I don’t have time to invest in Real Estate. FALSE.
   I love helping everyday people with 9-5 jobs become Real estate investors. With the right systems and plan, you can invest in real estate under 3 hours a month!

As we conclude this exploration of the myths surrounding real estate investing, remember that your financial future doesn't have to be limited by misconceptions. The world of real estate is more accessible than ever before, and these myths shouldn't hold you back from taking the plunge.

Leveraging Interest Rates

If you caught Oz and I’s IG live last month then you know we’re passionate about speaking against the slew of misinformation that exists in mainstream media when it comes to real estate. Well, this blog post will in essence serve as a follow up to that IG live. Ultimately the objective of last month’s live and this blog post really isn’t about mainstream media at all, it’s about you and equipping you with tools to make informed decisions as you either embark or continue on your real estate journey.

We’ll start with interest rates. Yes they’re higher than they’ve been in the past couple of years but once again, the sky is not falling, all is not lost, and there are still good real estate deals available. How do I know this? Because believe it or not, people are still buying houses as I write this!  As I stated on IG, anyone that is in a position to buy, this really is your time to spring into action for a number of reasons. One of those reasons being less competition. The masses are on the sidelines waiting for interest rates to fall which will happen at some point, but no one knows when or how significant that fall will be. 

Another is negotiating power as a buyer which can range from having the seller contribute toward your closing costs. Sellers, being more amenable to repairs and longer contract contingencies, will better protect your valuable earnest money. These are all advantages that a great majority of potential buyers who are waiting for interest rates to fall will miss out on, likely because the buying pool will be flooded like it was just a couple years ago when rates fell.

To those that tuned in to our IG live may read this and say to themselves, “I heard some of this already!” And while you wouldn’t be wrong, the intent isn’t to be redundant but to emphasize the fact that you as a potential buyer possess more leverage in this current market than you realize. And simply put, I want to help you properly utilize that leverage!

If you think this person may be you, you already know you’re ready to get in the game, or you know someone who can benefit from this information, I’d love to talk!

5 Reasons to Invest in Real Estate

Investing in real estate has long been regarded as a path to financial independence and a means of building wealth. The allure of real estate investing lies in the wide array of advantages and numerous life changing benefits it offers. Mystery set aside, we’ll explore 5 different reasons real estate investing can be a viable investment opportunity for you.

1. Financial Freedom
Real estate investment has the potential to unlock financial freedom for individuals and families alike. By acquiring rental properties, investors can generate passive income through rental payments from tenants. This steady stream of cash flow can provide financial stability and the opportunity to pursue other ventures or goals without being solely reliant on a traditional job. The additional income from real estate can be used to pay off debts, reinvest in more properties, or simply enjoy a higher quality of life.

2. Appreciation
One of the key attractions of real estate investing is the potential for property appreciation over time. Historically, real estate properties have shown a tendency to increase in value, especially in high-demand areas. This appreciation can significantly boost an investor's net worth, allowing them to build wealth passively. Holding onto properties for the long term can lead to substantial gains, further boosting financial freedom and stability.

3. Building a Legacy
Real estate investment offers a unique opportunity to leave a lasting legacy for future generations. By acquiring and managing properties, investors can create a wealth-building mechanism that can be passed down to their children (and children’s children). This inheritance can provide ongoing financial support and affords the continuity of prosperity within the family.

4. Creating a Steady Cash Flow
Rental properties, when managed effectively, can provide a consistent and reliable cash flow. Monthly rental income from tenants can cover mortgage payments, property maintenance expenses, and generate surplus income. This steady cash flow acts as a financial safety net, particularly during economic downturns or unexpected life events, ensuring that investors have a stable source of income.

5. Diversification
Real estate investment diversifies one's portfolio and reduces exposure to the unpredictability of the stock market. Unlike stocks and bonds, real estate is a tangible asset, providing a sense of security even during market fluctuations. This diversification helps balance overall investment risk and enhances the stability of the entire portfolio.

Again, these are just 5 examples amongst numerous reasons to invest in real estate. With additional research, a plan, and  long-term perspective, real estate investing can be a rewarding journey and life changing adventure.

Why You Should Buy a House While You’re Single (or Encourage Your Single Friends to Buy)

I’ve been married for twelve years and I have four kids which means I’m acutely aware of the challenges of buying a home to meet a family’s needs. However, every time I meet a young, single professional I feel compelled to be that slightly older auntie who wants to impart what I wish I’d known about homeownership back when I was single. Here’s why:

1. House hacking potential: House hacking, where the income you get from renting out parts of your home to cover part or all of your mortgage payment, is way less complicated for singles. Finding housemates who are cool with living in a house with little kids (bless their hearts) is way harder than simply finding a nice, compatible housemate with good credit and a stable job. If you’re happy living with roommates, this is a legit way to maintain a low cost of living without putting rent money into someone else’s pockets. 

2. Sex appeal: It is scientifically proven that owning real estate makes you 84.7% hotter to potential partners. Okay, that’s not a real stat but, fr fr—the “adultness” of buying a home when you’re single shows a commitment to the betterment of your future self—bottom line—and who doesn’t want that in a partner?! Good chemistry and shared values are musts in a relationship, but these super practical financial things are definitely bonuses. Bring two singles together who each own real estate and you’ve got a shared asset that can either be sold or kept as income property. That’s power couple stuff right there. 

3. Fewer limiting factors: When you’re single and child-free (and not in K through 12th Grade) the school district where you live is of little consequence. School districts are one of the toughest search criteria to work with on a home search. They just narrow the search so significantly. Toss out that consideration and the options available to childless singles and DINKs (dual-income-no-kids) open up dramatically. You can pick the cool loft, live on a busy street in the heart of the city, or get cozy in a tiny house. Buy the fun spot in the “bad” school district now and resell or rent it out if school districts become a consideration down the road. 

4. Your future self: If I had a dollar for every time someone said to me “I wish I’d bought a house back in…” I’d have enough for a down payment! People who don’t own a home constantly refer back a few years to when homes in their area were cheaper—regardless of what interest rates looked like, how “stable” the market was, etc. Everyone recognizes that houses generally appreciate in value more than money in a savings account. For a first home purchase, very little downpayment is required (typically 0-5%). If you don’t have help from family or massive savings that might limit you to a less-than-dream house, but most people get to their “dream home” by buying and selling a series of homes, gaining a little more profit each time enabling them to level up to the next home.

If you resonate with any of this please—let me get you a coffee and let’s brainstorm if homeownership is feasible for you. If a friend immediately comes to mind, bless your friend and connect us. Use your season of life to invest in yourself.

When is the Right Time to Connect with a Lender?

When working with buyer clients, one of the most common questions I receive is about the right time to approach a lender.

In my opinion, it's best to reach out to a lender as soon as you decide that you want to make a purchase. This is because even though you may have the desire to buy a home, it's essential to assess your financial readiness.

• Are you aware of your credit score, and is it 620 or higher?

• Do you have any outstanding debts that need to be paid off in order to qualify for a home loan?

• What price range are you considering for your home search?

These are a few important questions that a lender can help you evaluate in order to obtain pre-approval. I consider pre-approval as the golden ticket to your home purchase. It's crucial to have a pre-approval letter before we start looking at houses.

To illustrate the significance, I often share my personal experience. Back in 2007, my husband and I were buying our first home. We had initiated our search about a year prior and had viewed several properties. I fell in love with a particular house that had a garden tub and was located in a great neighborhood. However, when the lender ran our credit, they determined that we didn't have enough credit history to secure a purchase. At that time, I was a young 20-year-old with no credit cards and a limited credit history. The lender advised me to obtain a gas card and make regular payments to establish credit history. Fortunately, we weren't in a rush to buy, so we decided to live with family and rented until we could improve my credit. Eventually, we successfully purchased our very first new construction home. If we had been in a hurry to buy due to our lease ending (or any other reason), we would have been out of luck.

The moral of the story is that you shouldn't postpone or delay reaching out to a lender. You don't want the pressure of waiting until the last minute or realizing you're not financially prepared to hinder your ability to secure the home you need or desire. A lender can offer guidance on how to improve your credit scores and help you achieve your financial goals. The best way to connect with a reputable lender is by contacting an agent who has experience working with top local lenders. 

Reach me today for a consultation to assess your current situation and connect you with a suitable lender.

FAQs for Buyers: When You’re Under Contract

So you’re under contract. Now what?

Q: What does “under contract” mean?
A: Under contract means that all parties have agreed on the terms of the contract and have signed. The signed contract has been delivered to both buyer and seller. Other terms like binding and pending are sometimes used interchangeably.

Q: What can I expect during this time?
A: You can expect to work with your Realtor to work with you step by step. We’ll help you turn in your earnest money, schedule inspection, negotiate repairs, and coordinate with the attorney, lender, sellers, etc. You can expect the lender and team (including processors, underwriters, etc) to request documentation from you in order to approve you and get you cleared to close. There are many details involved, but check out our buyer’s guide and reach out if you have more questions.

 Q: What is earnest money?
A: The earnest money deposit, or escrow deposit, is a “good faith” deposit of money that is offered within the terms of the agreement. In simple terms, it shows the seller that you are serious about moving forward with the purchase of the home. You forfeit this deposit if you illegally terminate the contract.

Q: Do I need an inspection and how much are they?
A: I always recommend a home inspection by a certified home inspector. At the end of the day, paying a few hundred dollars to make sure that you are aware of the condition of the property is worth every penny.

The cost of the home inspection depends on the company you select, the size of the house and if any other additional structures need to be inspected (like a pool, septic, pest, etc.). An average home inspection in this market is usually around $300-500.00

Q: Are there things I shouldn’t do while I’m under contract?
A: You’d want to be sure not to change jobs, purchase large items on credit, purchase a car, or change money around, etc. You want to make sure you’re not having any negative changes in your debt or credit score.

Want to chat more? Contact me below!

*Note: this article can also be found on Jazmyne’s Revival at Home website.