5 Bed / 6 Bath Home in The River Club

4834 Elkhorn Hill Drive

Suwanee, GA 30024

$3950000
Welcome Home to your Elegant Rustic Style Lodge with unique custom finishes and high quality Craftsmanship throughout the home. A splendid setting where elegance meets nature. This 5BD/6.3 BA home (2 of the BD's are master Suites)has private view of the Greg Norman Golf Course, a pond and mature woods. Backyard features pool w/hot tub,waterfall and Firepit for your everyday enjoyment. 2 Cooks kitchens, 6 FP's,Spa area on terrace level w/Sauna,Steam shower,massage room, work out room & Aerobic room.3 Laundry rooms, Elevator, Wide plank hand scraped walnut floors.

Summary

MLS #5650314
Price3950000
Bedrooms5
Bathrooms (Full)6
Square Footage10185
Square Footage SourceTax Record
StatusActive

Features

7 Bed / 7 Bath Home in THE RIVER CLUB

4745 Cuyahoga Cove

Suwanee, GA 30024

$3790000
ONE OF THE MOST IMPRESSIVE FRENCH PROVINCIAL ESTATES TO REACH MARKET IN N. ATLANTA, BOASTING UNPRECEDENTED DETAIL & ARCHITECTURAL CUSTOM CRAFTSMANSHIP.... SITTING ON A LEVEL CUL-DE-SAC LOT YET PERCHED TALL ABOVE THE GREG NORMAL GOLF COURSE, WITH PANORAMIC VIEWS AND 380 FT OF LAKE FRONTAGE, THIS HOME TOOK ALMOST $1 MILLION IN HAND-CUT TENNESSEE STONEWORK ALONE. ENJOY WIDE-PLANK HEART OF PINE FLOORING, LARGE AND ENTERTAINING OPEN FLOOR PLAN. ABSOLUTELY STUNNING GOURMET CHEF'S KITCHEN WITH DOUBLE SUB ZEROS- AND VIRTUALLY EVERY CONCEIVABLE OPTION. 4 FIREPLACES. 5-CAR

Summary

MLS #5718436
Price3790000
Bedrooms7
Bathrooms (Full)7
Square Footage11738
Square Footage SourceTax Record
StatusActive

Features

6 Bed / 6 Bath Home in The River Club

4695 Whitestone Way

Suwanee, GA 30024

$2599000
Custom Home in The River Club. 6 Bedroom 6.5 Ba on double lot backing golf course. 1st floor features large 2 story foyer overlooking LR with handsome study and large entertaining DR. Gourmet kitchen overlooks oversized Family Room and covered porch. Master on main and 2nd bedroom on main. Upstairs features 3 bedrooms all with private baths and large dressing area. Terrace level features bedroom and bath, Bar area, game room and theatre.

Summary

MLS #5751567
Price2599000
Bedrooms6
Bathrooms (Full)6
Square Footage8412
Square Footage SourceAppraisal
StatusActive

Features

6 Bed / 6 Bath Home in The River Club

4605 Whitestone Way

Suwanee, GA 30024

$2500000
Exquisite estate home with the finest attention to detail throughout. Overlooking 4th green, home features marble inlayed foyer, Liv Rm, Office w/FP, opulent Great Rm w/FP, state of the art Kitchen, Stunning Keeping Rm w/beamed ceiling & FP, Romantic Master on main, elevator, World class terrace Lvl w/Rec Rm w/FP, Bar, Billiards Rm w/FP, Humidor, Home Theater(all equipment stays!), 2nd master suite & most beautiful finish work in the River Club. Pool & spa w/stone surround, stunning outdoor living areas. WOW!

Summary

MLS #5722910
Price2500000
Bedrooms6
Bathrooms (Full)6
Square Footage9476
Square Footage SourceTax Record
StatusActive

Features

6 Bed / 6 Bath Home in The River Club

869 Big Horn Hollow

Suwanee, GA 30024

$2450000
Welcome home...you've earned this! Enter an innovative floor plan built for entertaining & family enjoyment. Delight in vaulted wood beamed ceilings throughout, wood, brick & travertine floors, wide baseboards, stained doors throughout. The chef of the family will revel in the showcase kitchen of granite and brick. Master on main, separate his & hers baths/closets with car wash shower for both to enjoy. Terrace level is filled with customized features including media room with built in show cases for memorabilia, bar, wine cellar, game room, cozy rec room with fireplace

Summary

MLS #5713023
Price2450000
Bedrooms6
Bathrooms (Full)6
Square Footage9663
Square Footage SourceTax Record
StatusActive

Features

6 Bed / 6 Bath Home in The River Club

912 Little Darby Lane

Suwanee, GA 30024

$2099000
Old world European inspired master piece, indescribable detail thruout,in private setting, 2 story grand foyer w/spiral staircase, pecky cypress paneled study, gourmet kitchen views to fireside keep rm ,Private master suite on main level w/spa like master bath, his/hers closets w/custom built-ins, whole house audio system ,cover porch w/outdoor fireplace/Terrace level features: Pub style bar,w/1800 bottle wine cellar, theater seats 8 features concession stand, billiard rm,card rm,spa rm w/sauna, salt water pool & spa w/cascading waterfalls & outdoor fire pit.

Summary

MLS #5693604
Price2099000
Bedrooms6
Bathrooms (Full)6
Square Footage9755
Square Footage SourceBuilder
StatusActive

Features

6 Bed / 6 Bath Home in The River Club

811 Flathead Pass

Suwanee, GA 30024

$1975000
Exquisite stone home. Quiet cul-de-sac. 1+/- acres. Impeccable detail + finishes, motor court w 6-car garage. Dormer windows w diagonal panes, peaked arches accent old world architecture. Entry offers views of dining rm + 2-story fireside great rm w 16' windows + flanking bookcases. Arched 8' French doors + 14' ceiling in fireside library. Chefs kitchen w generous counterspace, walk-in pantry, opens to fireside keeping rm w walls of windows + coffered ceiling. Owners suite w 14' ceiling, fireplace, luxury closet 'for her', spiral stairs to 'his closet' + exercise space,

Summary

MLS #5756560
Price1975000
Bedrooms6
Bathrooms (Full)6
Square Footage8200
Square Footage SourceTax Record
StatusActive

Features

6 Bed / 5 Bath Home in The River Club

962 Little Darby Lane

Suwanee, GA 30024

$1849999
Exquisite details with superb finishing mark this amazing River Club home! Formal DR w pecky cypress walls, rustic aged exposed beams, handkerchief ceiling in foyer w built in bookcases. Kitchen built for 2 chefs w island feat all Viking appl & custom inlay cabinetry. Owners suite on main. Barn door leads to pool bath, mud rm w laundry & hammered copper sink. Junior master w spa bath. Finished terrace level& outdoor living at its finest. Complete w private 1 Bdrm Guest House w kitchenette & screened porch overlooking saltwater pool w spa.

Summary

MLS #5645985
Price1849999
Bedrooms6
Bathrooms (Full)5
Square Footage7603
Square Footage SourceBuilder
StatusActive

Features

5 Bed / 5 Bath Home in The River Club

878 Crescent River Pass

Suwanee, GA 30024

$1799999
Stunning Brick & Stone Manor home w good golf course views. Outdoor living rooms on multi levels w fireplace overlooking pool & waterfall spa. Chefs kitchen w mixed woods. Working island w veggie sink, warming drawer, Wolf gas coooktop, dual dishwashers, subzero and wine chiller. Main floor boasts study w fireplace, living room w fireplace & stone walls, formal dining room, & owners suite on main. 3 generous ensuite bedrooms upstairs. Terrace level finished w media, billiards area, custom bar, wine, office, & guest bedroom w full bath.

Summary

MLS #5758623
Price1799999
Bedrooms5
Bathrooms (Full)5
Square Footage7316
Square Footage SourceTax Record
StatusActive

Features

6 Bed / 5 Bath Home in The River Club

5212 Boulder Bluff Way

Suwanee, GA 30024

$1789900
A cul-de-sac lot, this 6 bed home offers an abundance of outdoor living spaces,spa pool & fire pit backing up to natural woods. Foyer flanked w/a large DR & study.The kitchen has it all: island w/serving bar,walk-in pantry & counter space for the home chef.The vaulted kitchen-family room is accented w/ truss beams. Main floor master has spacious his/her walk in closets. A finished terrace w/ theater, family/billiards & game rooms,full kitchen, weight room, guest suite & BA completes this home.

Summary

MLS #5687744
Price1789900
Bedrooms6
Bathrooms (Full)5
Square Footage7553
Square Footage SourceTax Record
StatusActive

Features

6 Bed / 6 Bath Home in None

2915 Southers Circle

Suwanee, GA 30024

$1680000
Peaceful estate with all the amenities-an entertainer's delight! Enter through the iron gate & follow the drive through the trees to your new dream home. A must see with no detail forgotten! Gorgeous Chef's kitchen open to keeping room & breakfast area. Master on main. Finished basement w/full kitchen, custom walnut bar, theater room & more. Saltwater pool/spa with auto cover & outdoor fireplace. HUGE shop w/14' RV door & second 12' door, foam insulation, wired 220 w/gas lines run. Enjoy the convenience of the Chattahoochee Recreation Area out your back door.

Summary

MLS #5740199
Price1680000
Bedrooms6
Bathrooms (Full)6
Square Footage5385
Square Footage SourceAppraisal
StatusActive

Features

4 Bed / 4 Bath Home in The River Club

4870 Hanalei Hollow

Suwanee, GA 30024

$1599990
Home must be sold with a 18-24 month lease back. Fabulous Arthur Rutenberg Custom Home siutated in the River Valley at The River Club. This stunning home features an open floor plan for entertaining, gourmet chef's kitchen and owners suite on the main floor. Upstairs are 3 additional on suite bedrooms and a bonus room. Home has amazing view of 16th fairway and is walking distance to the club. This home is sold furnished.

Summary

MLS #5765916
Price1599990
Bedrooms4
Bathrooms (Full)4
Square Footage4333
Square Footage SourceBuilder
StatusActive

Features

6 Bed / 6 Bath Home in THE RIVER CLUB

4732 Blackwater Way

Suwanee, GA 30024

$1599900
Sitting beautifully on the 6th hole, this home has all the extensive trim/finishes any discriminating buyer will appreciate! Filled w natural light w features to include solid teak flooring, true hand crafted masonry frpl, planked walls in FR, waterworks faucets throughout, custom interior trim & built ins, calcutta gold marble counter tops, & custom hardware. Home is accented w hand baked brick, stone foundation & slate roof for welcoming appeal. Owner suite up w frpl & bath w waterworks tub, steam shower & bidet. Terr lvl w kitchen/bar & bath. 4 car garage too!

Summary

MLS #5566477
Price1599900
Bedrooms6
Bathrooms (Full)6
Square Footage7800
Square Footage SourceTax Record
StatusActive

Features

7 Bed / 8 Bath Home in Belmore Estates

4994 Price Drive

Suwanee, GA 30024

$1599000
Stunning brick & stone estate on over 1 acre in private gated community. Resort style pool featuring waterfall,slide,hot tub, & fire pit plus covered porch w fireplace.4car garage, 8 fireplaces, 3 laundry rooms. Huge owner's suite w private balcony, spacious secondary bedrooms & lofts. Gourmet kitchen well-equipped w high-end appliances opens to spacious keeping room & breakfast room overlooking pool.Terrace level has 2nd kitchen/bar, theater, fitness, steam sauna, game room, den, & guest suite. MANY details and UPGRADES! Luxurious Lifestyle!

Summary

MLS #5765505
Price1599000
Bedrooms7
Bathrooms (Full)8
Square Footage11592
Square Footage SourceTax Record
StatusActive

Features

6 Bed / 6 Bath Home in The River Club

4505 Whitestone Way

Suwanee, GA 30024

$1550000
Tuscan columns and a wrought iron railing greet you at the covered porch of this brick & stone estate, inviting you to step inside. The gracious interior includes 12' ceilings, panelled study, sunny solarium with brick walls & soaring arched windows, a chef's dream kitchen w/ honed granite counter tops, soapstone apron sink, top of the line appliances. Tremendous entertaining space with covered outdoor living space including an outdoor dining porch. Guest suite on main lined by leaded glass windows w/ access to the covered porch.

Summary

MLS #5634131
Price1550000
Bedrooms6
Bathrooms (Full)6
Square Footage8187
Square Footage SourceAppraisal
StatusActive

Features

4 Bed / 5 Bath Home in The River Club

878 Big Horn Hollow

Suwanee, GA 30024

$1499999
Superb craftsmanship reflect in the River Club brick/stone home. Welcoming foyer feat inlaid floors & flanked by gentleman's Study w custom builtins & formal DR. Natural light fills the GR w fireplace & wet bar. Gourmet Kit feat dual Dishwashers, Subzero, Thermador 6 burner cooktop & dual convection ovens, large island & 2 pantries! Main level owner ste w sitting area & spa bath. Stained Canadian Maple hardwood flooring, 2 ensuite bdrms up & junior owner ste w jetted tub & dual vanities. Fin terr includes billiards/game room & gym w rubber flooring w full bath.

Summary

MLS #5758524
Price1499999
Bedrooms4
Bathrooms (Full)5
Square Footage7133
Square Footage SourceAppraisal
StatusActive

Features

5 Bed / 5 Bath Home in The River Club

932 Chattooga Trace

Suwanee, GA 30024

$1490000
Modern Day CHIC nestled in the ultra exclusive River Club. Every detail was carefully selected and quality crafted; Reclaimed wood beams & finishes, shiplap & birch walls, Luster Stone walls & ceilings, rich moldings. Master suite on main offers serenity & privacy. Open 2 story family room w/ stone fireplace & T&G ceiling adjacent to the modern renovated chef's kitchen. Enjoy alfresco dining on the covered porch or enjoy smores by the fire on the amazing renovated Trex deck that overlooks the pristine gardens. Full daylight terrace level awaits your finishes.

Summary

MLS #5760185
Price1490000
Bedrooms5
Bathrooms (Full)5
Square Footage5780
Square Footage SourceAppraisal
StatusActive

Features

7 Bed / 6 Bath Home in The River Club

4508 Lochsa Lane

Suwanee, GA 30024

$1490000
Lovely custom brick & stone home in THE RIVER CLUB. Fantastic floor plan W/2 story foyer & LR, executive office, volume ceilings, curved staircase + rear stairs. Beautiful kitchen w/Wolf/Subzero/Bosch/Double ovens & Walk in pantry integrated into cabinetry - overlooks keeping rm w/FP & wood plank ceiling. Guest Suite on Main Level, 4 ensuite BR's up, and 2 BR/1 BA on terrace level along with bar, theater rm (includes equipment) & rec rm. Rear grounds are stunning w/large brick & stone patio, FP, stone pizza oven, grill, sink, stunning hot tub spills over into pool.

Summary

MLS #5743797
Price1490000
Bedrooms7
Bathrooms (Full)6
Square Footage8116
Square Footage SourceAppraisal
StatusActive

Features

5 Bed / 5 Bath Home in The River Club

5108 Coosa Court

Suwanee, GA 30024

$1475000
Located in a Private setting,home has been meticulously maintained paneled study, gourmet kitchen views to fireside vaulted keep rm,hardwood flooring throughout,master suite on main level w/spa like master bath, his/hers closets w/custom built-ins,second master suite upstairs,large secondary bedrooms w/private baths & great closet space,laundry on main & upstairs cover screen porch w/outdoor fireplace amazing backyard w/stone paver patio that views cascading waterfall & outdoor fire pit.Home backs up to nature preserve,prefect lot for pool walk out from your main floor

Summary

MLS #5765721
Price1475000
Bedrooms5
Bathrooms (Full)5
Square Footage6603
Square Footage SourceTax Record
StatusActive

Features

5 Bed / 4 Bath Home in The River Club

4971 Roaring Fork Pass

Suwanee, GA 30024

$1426000
Stunning J. Patrick O'Donnell brick & stone masterpiece brimming with character in The River Club. Situated on wide lot with preserved forest area, this 5BR, 4 and 2 half BA home is loaded with high-end features, including custom closet system in elegant master retreat on main. Chef's kitchen with pot filler, beverage refrigerator, warming drawer, farm sink, sliding barn door and Wolf range opens up to vaulted, beamed ceilings in family room and screened porch with fireplace. Perfect for entertaining! Full daylight lower level is framed, roughed in for lg in-law suite.

Summary

MLS #5706779
Price1426000
Bedrooms5
Bathrooms (Full)4
Square Footage5000
Square Footage SourceBuilder
StatusActive

Features

foreclosure | Garage with a Detached Home | Gwinnett County GA

LaneBailey.com

Garage with a Detached Home

Contact Lane
  • Custom Listings

    Sign up to get notified when new listingscome on the market that meet your specs.

    Read More
  • Browse Listings

    Take a look at what is currently on the market in the areas that interest you.

    Read More
  • What's YOUR Home Worth?

    Get a free Maximum Price Analysis to find out the current market value of your home.

    Read More
  • 1

Category Archives: foreclosure

Facing foreclosure, or worried about it?

You aren’t going to find many real estate agents that are going to say this…

You may need to talk with an agent that specializes in helping people through short sales!

And it isn’t me.

That’s right.  It isn’t me.  I don’t specialize in foreclosure mitigation or short sales.  It seems to be the “hottest” new specialty around.  Every single day I get invites for webinars, seminars and classes on “How to be a Short Sale Expert”.  And it’s making me crazy.

The reason it is making me crazy is that NOBODY is going to be a “short sale expert” just because they took a class.  These are incredibly complex transactions.  Not only is the “normal” complexity of a sale involved, but there is an added layer from dealing with the bank(s).  And that is where the problems start.

In a short sale situation, the seller is in a perilous financial situation.  They could not just lose the home, but they could be sued for deficiency judgement, face bankruptcy and lose all semblance of good credit for years.  And, bad advice could make it worse… much worse.

I know a few people that DO specialize in short sale situations.  They were handling short sales and helping sellers that were facing foreclosure before it was cool.  I’d be happy to provide a referral.  I’ve seen the end-game for not doing something.  It breaks my heart to walk into a foreclosed home and see the kids rooms and know that these kids were torn from their lives.

Here is the bottom line: If you are in trouble… or heading down the path for trouble… there are steps that CAN be taken to minimize the damage.  But, instead of watching another episode of The Office, you need to get started in taking care of the situation.  Seriously, you know if you are having trouble making your payments.  And you know it before the Sheriff shows up.  It is too late to fix it then.

BTW, I know that there are websites and “Gurus” that advise people to stop making payments and let the foreclosure process work out.  They tell people that they can save up money during the several months it takes for the bank to foreclose.  But, what these “Gurus” don’t tell people is that they WILL face bankruptcy, and likely face a deficiency judgement.  A Deficiency Judgement means that YOU might be on the hook for the difference between what your loan is and what the bank sells the house for.  So, the “Guru” may fail mention that you might end up owing tens of thousands of dollars, and not just to the bank.  Walking away can result in Imputed Income… and that means that you might end up on the hook to the IRS, too.  If the situation is handled appropriately, there are protections from Imputed Income and many banks will waive deficiency judgement.

But, you need to act.

Point/Counterpoint

I heard two interesting points on the news today.  First, the screaming-stay-tuned-after-the-break headline…

Foreclosure filings skyrocket 65%

And then the less hyped statistic…

One home is 500 in some stage of the foreclosure process

That means that 0.2% of homes are somewhere in the foreclosure process.  That means that previously it had been 0.12%.

Does that sound as ominous?

From the Mailbag… Part VII (Foreclosure deals?)

I did the first six parts of this on my A/R blog.  I thought I would drop one here, too…  Here are the previous visits to the mailbag:

Part I, Buyer’s Price Range

Part II, When should we start to look?

Part III, New Homes inducements

Part IV, Should we sell?

Part V (A), What should we do to our house?

Part V (B), And what else?

Part VI, Why didn’t my house sell?

I get asked a lot about foreclosures.  A LOT.  Seriously.  Everyone is thinking that there is money to be made in foreclosures, or killer, super-duper, bona-fide deals.  And… there are.  But, these are dangerous waters.  Navigate carefully.

What it comes down to is that there are some VERY important considerations to keep in mind when looking at foreclosures.  These are also true with short sales and pre-foreclosure sales… in fact, almost ANY distressed property is going to have pitfalls.

There are only two tools that can be used to address the pitfalls.  Either or both may need to be employed.  Money.  Time. Anything can be solved by money alone.  You can simply hire someone to take care of it.  Some things CAN’T be solved with just time, but time can be traded in for money.

  • Here is the first thing to remember, Time is NOT free.  If you are looking at a house, and it needs paint and other work, even though the money isn’t high (paint is only a couple hundred dollars for a whole house), it WILL take a lot of time if it isn’t hired out.  And that is time that you could work or play or stare at the TV… or blog.

So, since we know that no matter what, there will be expenses, and we can be sure that the “seller” won’t want to come out of pocket with a lot of allowances…

  • Know that buying a distressed property requires cash AFTER the closing. It might be as cheap as paint and serious cleaning… and filters and septic treatments, etc.  Or it might be a roof and fixing foundation damage.

The next thing that needs to be kept in mind is that when people can’t make the house payment, or they are stretched to the absolute limit, maintenance is NOT a priority.  We have a euphemism… deferred maintenance.  Even in homes that look good at first glance, there will be things that have been let go.

  • Next on the list, Inspections are your friend.  And don’t think that the inspection is something you should scrimp on.  Get a good inspector.  Get an inspector that you trust.  Ask questions.  Understand EXACTLY what the results are, and how they will affect you.

Since everyone is asking me about foreclosures and distressed properties, I know that there is competition for the “best” deals.  That’s right.  Right here in the middle of a huge Buyer’s Market, there are properties that have competition.  Low-ball offers and outrageous demands aren’t making it with the banks in general (even on the properties that suck…) and certainly not on the ones that are actually worth buying.

  • Finally, when you find a good deal, be ready to buy it.  Just because Katie Couric and Clark Howard are saying that this is the best buyer’s market in the last 40 years, for money making properties, you have to move and move fast.

I love to get question.  Email me, and I will answer your questions on my blog, or via email.

Sellers, protect yourselves

There are a couple of stories in the last few days that have hit the same sour note.  And, if you are selling your home (with or without representation), you need to be aware of this situation.

Loan fraud is still rearing its ugly head.  Speaking at the Mortgage Brokers Association fraud conference:

Merle D. Sharick, vice president of sales for MARI, stated that Suspicious Activity Reports received by the Federal Bureau of Investigation and the Financial Crimes Enforcement Network from federally regulated banks jumped 139 percent between 2006 and 2007. The jump in fraud will spell record losses for lenders, easily topping $1 billion, says the report. 

Georgia ranked 6th in mortgage fraud last year.  Most common types of fraud are still generally on the buyer side, things like mis-stated income, assets or debts.  However, that isn’t all.  The FBI is looking at mortgage fraud on several levels.

The FBI has assigned 100 agents to investigate corporate fraud aspects of the housing crisis, including subprime lending and insider trading. Another 150 are looking at related securities fraud, and 153 are looking at loan originations, says Neil Power, economic crimes unit chief of the FBI’s financial crimes section.

To break it right down to an individual level:

A Las Vegas couple is accused of orchestrating more than 400 sham real estate deals and cashing in on millions of dollars through a mortgage fraud scheme that involved inflated house values and straw buyers.

Eve Mazzarella, ABR®, GRI, broker and owner of Distinctive Real Estate & Investments in Las Vegas, and her husband, Steven Grimm, were indicted last Wednesday and charged with bank fraud, money laundering, and aiding and abetting, according to the U.S. Attorney for the District of Nevada.

If convicted, they could face up to 30 years in prison and a $1 million fine on each of the six bank fraud charges. They could also face up to 10 years in prison and a $250,000 fine on the money laundering charge, according to the U.S. Attorney.

The couple operated numerous limited-liability companies and allegedly used them to engage in 432 straw buyer transactions and obtain control over about 227 properties at inflated values. The total purchase price of the properties was more than $100 million.

The couple defaulted on mortgage payments on many of the loans, which caused at least half of the properties to go into foreclosure, according to officials. The foreclosed properties have caused losses to the banks of more than $15 million. 

This is a little different from the buyer overstating their qualifications on a mortgage application.  It is also the type of fraud that sellers need to be tuned in to.  

One more than a couple of listings I have had offers presented that could be fraud.  Often, the other agent didn’t know that what they were asking for was fraud.  The offer would typically look like this:

  • List price of $300,000
  • Offer of $375,000
  • Seller to rebate the buyer $60,000
  • Preparation of two contracts
    • First contract to govern the deal between buyer and seller
    • Second contract to be submitted to the mortgage lender
  • In some cases instead of a rebate, the seller would pay a large amount to a contractor for renovation.  The contractor would be involved with the buyer.

As a seller, being involved in this type of transaction can land you in deep water.  Just as with the agents, appraiser and buyer (possibly the mortgage broker and closing attorney as well) there is a possibility of criminal charges for the seller.  Jail time.

So, the bottom line is that sellers need to make sure that they don’t fall into one of these schemes.  The offer might start out sounding normal, and then there is a call to change some of the terms.  Obviously, I would say that having a good agent is one way to stay out of this type of trouble.   You need to know and trust the person you are working with.  If in doubt, contact an outside party to see what they think.

Price ≠ Value

price does not equal valueIf you didn’t know, this little thingie () is the ‘does NOT equal’ sign.
Creative Commons License photo credit: ejhogbin

So many people have an idea that price and value are connected… or more specifically, discount from original list and value have a connection… they don’t.  Bluntly, two buyers could go out and buy properties in the same neighborhood.  One might have a deal, and the other may not.  The one that got a deal might have paid more… and might have paid full list. The other might have paid 20% under list, and had a lower overall price.

Read more ...

Copyright © 2009 - 2016 Garage with a Detached Home | Gwinnett County GA. All Rights Reserved. Created by Blog Copyright.