Savannah home buyers, look!

http://www.usatoday.com/money/economy/housing/story/2012-05-24/mortgage-rates-0524/55185652/1

It won't be long before banks are paying borrowers to take out loans. These interest rates are the lowest I've seen. Young buyers in the market would be astounded to know that in 1984 a home buyer  with really good credit could get a mortgage with a spectacular 13% interest! That's if they had good credit.

I also saw a report today that new home prices have risen by 3.3%. Many buyers took too long to realize they had bargaining power back when the market turned sour, and now many buyers are not recognizing the great opportunity to buy at low prices and incredibly low interest rates.

Of course, when I tell a buyer now is a good time to buy, they think I'm saying that because I'm an agent. No, when prices were too high, I told many buers to wait on certain properties, but to wait right now doesn't make sense, because, during that wait, prices will likely rise along with interest rates. These rates can't stay this low for very long.

Savannah homes -- 6 keys to selling quickly

Although I work mostly as a Buyer Agent in Savannah, Ga., my experience in real estate confirms the below article's 6 keys to selling your home.

http://rismedia.com/2012-05-13/six-keys-to-selling-your-home-in-todays-market/?utm_medium=twitter&utm_source=twitterfeed.

All six keys are important, but pricing a home is probably the most important key at this stage of the real estate recovery. Having worked with many buyers in the Savannah home market , this recession has caused buyers to have little patience with over-priced homes. If your home is in great condition and is ready to move in without the buyer having to do a lot of work, that's good, but understanding that distressed homes do have an effect on overall prices is important to pricing your home right. Many buyers have made up their minds that they will buy a distressed home and put the work into cleaning it up and doing some repairs if the price is right, so these homes are definitely competitive.

A good listing agent will tell you straight what affects your price. Still, as the ariticle says, curb appeal and no clutter and good condition are still very important, because not everyone wants to do a lot of work after buying a home. So, if you have everything in place, plus a good competitive price, and you negotiate realistically, you shouldn't experience any major problems selling your home. Lately, in Savannah, I've noticed a pick up in home sales, but I've also noticed that pricing is more rational.

Tired of high heating bills -- try hay homes

Haybale homes reduce energy costs. Just keep the cows away. Of course, In Savannah Ga, it's the energy bills during the summer that are out of sight.

New developement in Richmond Hill, Ga

 I just received this by email. This sounds like it will be an incredible new developement in Richmond Hill, just 30 minutes south of Savannah:

Four New Homes for WaterWays Township

Increasing Demand Drives New Home Construction Strategy

Richmond Hill, Ga. –April 19, 2012– As a direct result of the increasing  interest received from the local marketplace, WaterWays Township, the 2,300-acre master-planned community situated along the
edge of Redbird Creek near Richmond Hill, has announced a change in its new home construction strategy.   In addition to activity from the WaterWays Township Featured Builder Group, Savannah Land Holdings, LLC, the developer of WaterWays, has commenced construction on four new homes in its RidgeWood Park neighborhood.  The four homes, ranging from 2,200 – 2,400 square feet and featuring four bedrooms, three baths and detailed, low-country architecture, will be marketed by WaterWays Township Realty, LLC.

“Requests for information, tours, and realtor appointments are up 42 percent since the last quarter of 2011,” offered Vance Askew – director of sales and marketing for WaterWays.  “With so much interest, we’ve chosen to accelerate the pace of new home construction within our community and to utilize the financial strength of our partnership to respond quickly to the growing demand for new homes in our local marketplace.”

“Response has been so strong that the lots are being prepared, the permits are being pulled and our architects are finalizing the design details,” Askew continued.  “And just as we do for all our homes, these four have been uniquely placed on lots to preserve the natural aesthetics of the RidgeWood Park neighborhood and to protect as many trees as possible.”

The developers of WaterWays Township have a long history of creating desirable neighborhoods and great homes for its residents.  With award-winning Jacksonville-area master-planned communities including Marsh Landing, Palencia and Baymeadows to their credit, the development team at Fletcher Management understood master-planned communities before the term was coined.

“The WaterWays development team has invested extensive time, money and effort to develop architectural guidelines for the community,” continued Askew.  “While each home is unique and different, our architectural patterns help to ensure that every resident will benefit from homes that maintain their value for the long-term.  Homebuyers put their trust in us, because they see the decades of experience and the long-term values our developments have produced for those residents.”

With groundbreaking beginning in April, move-in dates for these homes will be in July, just in time for the 2012-2013 school year and the opening of the new Richmond Hill Middle School campus.

About WaterWays Township

WaterWays Township is a 2,300-acre master-planned community framed by more than six miles of Coastal Georgia marsh frontage, navigable Bill Dance-designed waterways and lagoons, and an
impressive collection of planned world-class amenities. Gracious homes on generous lots honor the history of traditional southern, low country architecture as well as the ecologically-sound building practices that pay homage to this native environment.  Featuring more than 450 acres of recreation and open spaces, miles of nature and biking trails, and the history of Old Cottenham Plantation Park,
WaterWays offers numerous opportunities to explore, discover, and learn. For more information, www.waterwaystownship.com.

WaterWays Township is developed by Fletcher Management Company, an award-winning national developer with residential, resort and multi-purpose development experience.  From TPC Sawgrass and The Lodge & Club at Ponte Vedra to Marsh Landing, Palencia and Seranata Beach Club, Fletcher Management has created coastal communities that leave indelible impressions.

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A shot in the arm for Savannah Ga business

http://savannahnow.com/latest-news/2012-04-11/savannah-harbor-be-deepened-47-feet#.T4WOeFFSTWc

The Corp of Engineers has approved the dredging of Savannah River to 47ft. This means Savannah will accomodate larger ships which will mean more jobs. Savannah is looking good for future growth, and this is good for Savannah real estate.