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Election Day?

by Leslie Edwards

   The news programs having been doing the daily countdown to election day for weeks.  With only 6 days until election day...... 

Last Friday I stood in line with many others for about 45 minutes to vote early in Fayetteville.  Almost half the number of people who voted last year in Georgia have already voted.  In Clayton and Gwinett Counties, the polls have been overrun with early voters.

What if early voters see a political ad between now and November 4th and decide they made a mistake and want to change their vote?  Can they get a do over?      

    Sometimes, We vote for people and sometimes, once they are in office, we can't remember why we voted for them in the first place.  Often the choice we make is merely the lesser of two evils.  Alot of people who think this election will dramatic change anything are going to be surprised nothing really changes.  The real estate market will improve and the stock market will recover, both of which would have happened regardless which party is in power.

And someone please tell Matt Towery that the fake tan looks freakish in high definition.

Want to buy or sell real estate?  Call me

I offer a free market consultation with no obligation.  We can communicate by email, phone or in person.  You pick.

leslie edwards                                                                                    sells real estate                                                                      770.460.9448                                                                          RE/MAX Around Atlanta                                 leslie@leslieedwards.com

 

Politics and Spin

by Leslie Edwards
  This is the most exciting Presidential Election since John F. Kennedy won in 1960. The longest election cycle ever has more people paying attention, getting involved in the process, registering to vote and going to the polls.  Some think more voters is a good thing.
Maybe, Maybe Not 
   The average American is probably not watching hours of CNN, FOX or MSNBC, but those who do typically watch the 24 hour news channel that leans towards their own political party.
Right after the Vice Presidential Debate, CNN talking heads agreed that obviously Joe Biden won the debate. At the same time, on Fox, the talking heads called it a “knockout” and a “homerun” for Sarah Palin.
   People who watch mainly network TV are bombarded with political ads full of attacks and half truths and those ads may be the only thing they know or think they know about the candidate. Network TV and many major news outlets  lean Democratic which is often reflected in the way they report on different candidates. Positive press helps the candidates raise money and attract voters. The candidates with the most money buy substantially more ad time so that often, the candidates with less money and fewer ads don’t have a chance.  People who know advertising claim  that a person has to see/hear the message 7-9 times before they are ready to buy. The candidate with the most ads has a much better chance of winning.  So really, politics is about the money. The issues? Spin, Spin, Spin
    Each party will “spin” so much that it is hard for anyone to figure out what the real truth is. The party best at the “spin” has a better chance of winning, regardless of the real truth. Each candidate seems to have less than ten “talking points” and regardless of the question, they will answer with a prepared statement that may or may not refer to the question. If the interviewer asks a follow-up question, often  the candidate will repeat the same answer which, again, may or may not be related to the question asked.
  Do we really know any of these people? The fact that someone runs for President is not really because they want to “serve the people”. Why would someone spend $600,000,000 for a job that pays $200,000? Why would special interests donate multimillions to a political candidate if they are not buying access? There is money to be made or people wouldn’t do it. 
Bush and Cheney will be ultra rich and not because Congress gave them a raise. The wars in Iraq have been major money makers for private companies that contract with the government to provide services in the war zone. It is widely accepted that Cheney had previous relationships with companies that were awarded big contracts after some questionable bidding processes. When politicians leave office it’s payback time. There are so many ways for the money to get to the former politicians, like the exorbitant speaking fees the corporations pay. Payback? Maybe.
Reverend Wright, Tony Resco, Bill Ayers “The American people don’t care about that. They want to know who can solve the economic crisis”. If you heard that message over and over, you stop questioning the relationships because it is not important.
Spin, Spin, Spin
 
Regardless who wins, the economy will recover and the party in office will take all the credit and all the blame will be heaped on the other party. Spin, Spin, Spin. The market moves in cycles and always has. It will improve. Time is the  variable.
 
Whoever wins, it will be an interesting four years. It is like a soap opera. I can’t wait to see what will happen next.
 
Politics and Spin
  This is the most exciting Presidential Election since John F. Kennedy won in 1960. The longest election cycle ever has more people paying attention, getting involved in the process, registering to vote and going to the polls.  Some think more voters is a good thing.
Maybe, Maybe Not 
   The average American is probably not watching hours of CNN, FOX or MSNBC, but those who do typically watch the 24 hour news channel that leans towards their own political party.
Right after the Vice Presidential Debate, CNN talking heads agreed that obviously Joe Biden won the debate. At the same time, on Fox, the talking heads called it a “knockout” and a “homerun” for Sarah Palin.
   People who watch mainly network TV are bombarded with political ads full of attacks and half truths and those ads may be the only thing they know or think they know about the candidate. Network TV and many major news outlets  lean Democratic which is often reflected in the way they report on different candidates. Positive press helps the candidates raise money and attract voters. The candidates with the most money buy substantially more ad time so that often, the candidates with less money and fewer ads don’t have a chance.  People who know advertising claim  that a person has to see/hear the message 7-9 times before they are ready to buy. The candidate with the most ads has a much better chance of winning.  So really, politics is about the money. The issues? Spin, Spin, Spin
    Each party will “spin” so much that it is hard for anyone to figure out what the real truth is. The party best at the “spin” has a better chance of winning, regardless of the real truth. Each candidate seems to have less than ten “talking points” and regardless of the question, they will answer with a prepared statement that may or may not refer to the question. If the interviewer asks a follow-up question, often  the candidate will repeat the same answer which, again, may or may not be related to the question asked.
  Do we really know any of these people? The fact that someone runs for President is not really because they want to “serve the people”. Why would someone spend $600,000,000 for a job that pays $200,000? Why would special interests donate multimillions to a political candidate if they are not buying access? There is money to be made or people wouldn’t do it. 
Bush and Cheney will be ultra rich and not because Congress gave them a raise. The wars in Iraq have been major money makers for private companies that contract with the government to provide services in the war zone. It is widely accepted that Cheney had previous relationships with companies that were awarded big contracts after some questionable bidding processes. When politicians leave office it’s payback time. There are so many ways for the money to get to the former politicians, like the exorbitant speaking fees the corporations pay. Payback? Maybe.
Reverend Wright, Tony Resco, Bill Ayers “The American people don’t care about that. They want to know who can solve the economic crisis”. If you heard that message over and over, you stop questioning the relationships because it is not important.
Spin, Spin, Spin
 
Regardless who wins, the economy will recover and the party in office will take all the credit and all the blame will be heaped on the other party. Spin, Spin, Spin. The market moves in cycles and always has. It will improve. Time is the  variable.
 
Whoever wins, it will be an interesting four years. It is like a soap opera. I can’t wait to see what will happen next.
 
Politics and Spin
  This is the most exciting Presidential Election since John F. Kennedy won in 1960. The longest election cycle ever has more people paying attention, getting involved in the process, registering to vote and going to the polls.  Some think more voters is a good thing.
Maybe, Maybe Not 
   The average American is probably not watching hours of CNN, FOX or MSNBC, but those who do typically watch the 24 hour news channel that leans towards their own political party.
Right after the Vice Presidential Debate, CNN talking heads agreed that obviously Joe Biden won the debate. At the same time, on Fox, the talking heads called it a “knockout” and a “homerun” for Sarah Palin.
   People who watch mainly network TV are bombarded with political ads full of attacks and half truths and those ads may be the only thing they know or think they know about the candidate. Network TV and many major news outlets  lean Democratic which is often reflected in the way they report on different candidates. Positive press helps the candidates raise money and attract voters. The candidates with the most money buy substantially more ad time so that often, the candidates with less money and fewer ads don’t have a chance.  People who know advertising claim  that a person has to see/hear the message 7-9 times before they are ready to buy. The candidate with the most ads has a much better chance of winning.  So really, politics is about the money. The issues? Spin, Spin, Spin
    Each party will “spin” so much that it is hard for anyone to figure out what the real truth is. The party best at the “spin” has a better chance of winning, regardless of the real truth. Each candidate seems to have less than ten “talking points” and regardless of the question, they will answer with a prepared statement that may or may not refer to the question. If the interviewer asks a follow-up question, often  the candidate will repeat the same answer which, again, may or may not be related to the question asked.
  Do we really know any of these people? The fact that someone runs for President is not really because they want to “serve the people”. Why would someone spend $600,000,000 for a job that pays $200,000? Why would special interests donate multimillions to a political candidate if they are not buying access? There is money to be made or people wouldn’t do it. 
Bush and Cheney will be ultra rich and not because Congress gave them a raise. The wars in Iraq have been major money makers for private companies that contract with the government to provide services in the war zone. It is widely accepted that Cheney had previous relationships with companies that were awarded big contracts after some questionable bidding processes. When politicians leave office it’s payback time. There are so many ways for the money to get to the former politicians, like the exorbitant speaking fees the corporations pay. Payback? Maybe.
Reverend Wright, Tony Resco, Bill Ayers “The American people don’t care about that. They want to know who can solve the economic crisis”. If you heard that message over and over, you stop questioning the relationships because it is not important.
Spin, Spin, Spin
 
Regardless who wins the election, the economy will recover, the party in office will take all the credit and all the blame will be heaped on the other party. Spin, Spin, Spin. The market moves in cycles and always has. It will improve. Time is the  variable.
 
Whoever wins, it will be an interesting four years. It is like a soap opera. I can’t wait to see what will happen next.
 

Buy A House For The Baby

by Leslie Edwards

  Worried about having the money to send your children to college?  Here's an idea that will help you insure that the money will be there when the time comes.

  As soon as you have a child, or as soon after as possible, buy a small rental house, not too far from your home.  When you rent it, the tenant pays the mortgage for you.  When there is good cash flow, you can fast track the mortgage payoff or make deposits into a 529 education account for the child.

  When it is time for college, you have an asset you can sell, refinance  or, if you have been able to payoff the mortgage, you can use the cash flow to pay college expenses.

Being a landlord is not always great, however, over the years I have helped several new investors become wealthy owning real estate. 

This idea is better than you refinancing your principal residence to get the money for college or saddling students with loans they be paying for years after graduation.

Because the market is oversupplied with homes for sale, prices have been driven down, creating some terrific opportunities for homeowners and investors.

If you would like to discuss investing in real estate,                            call me at 770.460.9448                                                                                   email me at leslie@leslieedwards.com 

See all the MLS listings at www.leslieedwards.com

Leave your comments here.  If you don't want to register, make something up.

Third Quarter 2008 South Fulton County Real Estate Update

by Leslie Edwards

In South Fulton County between July 1 and September 30, 2008,      631 homes sold while, during the same period, 626 homes expired unsold.  According to those numbers the chances of selling a home in South Fulton County are about 50-50.

There are currently 2106 single family homes for sale in the Multiple Listing System with an average list price of $194,238 and an average 145 days on the market.

The average sales price of the 631 homes that sold was $143,712 while the average sales price of the 626 homes that did not sell was $193,795.

Of the 631 homes that sold, 293 were foreclosed, bank owned properties.  The average sales price of the foreclosures was $116,255.

It is hard for a homeowner to compete with the foreclosures which are typically priced well below the market and less than a homeowner could afford to sell for.                                                                           

For homebuyers and savvy investors there are some terrific opportunities to buy homes at bargain prices. Home prices and interest rates are historically low.  The inventory is huge and sellers are anxious.

The market moves up and down in cycles and when the markets recover, many people moan about missed opportunities when they could have bought real estate for incredibly low prices.  Don't let that be you.

Call or email me to discuss real estate.  I offer FREE, no obligation, consultation for buyers and sellers.

Leave your comments here.

leslie edwards                                                                                sells real estate                                                         770.460.9448                                                                                RE/MAX Around Atlanta

leslie@leslieedwards.com                                                                 See all the MLS listings at www.leslieedwards.com

Made In China

by Leslie Edwards

This is really creepy, but no longer surprising in view of all the other health violations heaped upon the world by China.  Another good reason to buy products made in the U.S.A. or countries that make safe products.              

The problem is that it is getting increasingly difficult to find products that were not made in China, including clothes (chemicals and dyes), dishes and toys (lead based paint), pots and pans (nonstick chemicals), utentials, baby bottles, sippy cups (unsafe plastic) and the list goes on.....

Instead of plates made in China, I purchased some great glass plates that were made in France.  I found them at Ikea.  I use a stainless steel water bottle instead of plastic and I do not own any plastic containers.  Glass covered bowls work better, are reuseable and safe in the microwave (if you have to use one). With stainless steel cookware there are no chemicals used to make cookware nonstick that could leach into food at high temperatures or when scraped.

Think before you give your children anything plastic, synthetic clothing or food products that are made in China.  We know their safety standards are way too low to risk the health of our children.  Finding substitutes may take longer and might even cost more but would be safer and better for the environment.

  This is true, according to Snopes...

http://www..snopes.com/medical/toxins/hairband.asp


   

 Be cautious of hair bands at open markets around the city too – they are probably from China since they are purchased in bulk very very cheap !!!!  
Take a good look before buying hair bands in future – specially like the following kind…..

..

These Hair bands were made from used condoms and threads. That was so disgusting, I would not want to use them!!

BeIJING (AFP) - Used condoms are being recycled into hair bands in southern China threatening to spread sexually-transmittable diseases they were originally meant to prevent, state media reported Tuesday

In the latest example of potentially harmful Chinese-made products, rubber hair bands have been found in local markets and beauty salons in Dongguan and Guangzhou cities in southern Guangdong province, China Daily newspaper said.

'These cheap and colorful rubber bands and hair ties sell well ... threatening the health of local people,' it said.
Despite being recycled, the hair bands could still contain bacteria and viruses, it said.

'People could be infected with AIDS, (genital) warts or other diseases if they hold the rubber bands or strings in their mouths while waving their hair into plaits or buns,' the paper quoted a local dermatologist who gave only his surname, Dong, as saying. A bag of ten of the recycled bands sells for just 25 s
en (three cents), much cheaper than others on the market, accounting for their popularity, the paper said.

A government official was quoted as saying recycling condoms was illegal.   China 's manufacturing industry has been repeatedly tarnished this year by a string of scandals involving shoddy or dangerous goods made for both domestic and foreign markets.

In response, it launched a public relations blitz this summer aimed at playing up efforts to strengthen monitoring systems.

_.___

Check your kids hair bands and make sure they do not put them in their mouth while trying to plait or tie their hair

Good News, Bad News

by Leslie Edwards

New homes starts fell to the lowest since 1945.  Several local builders have gone out of business and new homes are being foreclosed at rates I have never seen during my 30 years as a REALTOR. This is bad news for builders, construction workers, the trades, vendors and real estate agents who typically work in new home neighborhoods.  The effect on small business, individuals and families is widespread.

On the other hand, while there has been a glut of new homes on the  market for years, builders continued to build on speculation, hoping for a buyer. It was obvious that there were more new homes than potential buyers and builders were competing for a few buyers. What is happening now in new homes is truly a market correction. It had to happen.

The benefit for a few is that qualified buyers can buy new homes for much less than they would have appraised for two years ago.  The builder may not be in business and unable to come back for minor repairs under a builder warranty but, if the deal is great, a buyer can afford a handyman.  All new homes are inspected by the counties throughout construction so buying a foreclosure does not mean less quality.

As the inventory of new homes declines, prices will begin to rebound.  It is all about supply and demand.  It will take awhile, but it will happen. 

If you are a buyer, this is the time to get th emost house for your money. Buy low, sell high.

If you have questions, comments or just want to talk real estate, call me, email me or leave your comments here.  I am available for a FREE buyer or seller consultation, with no obligation to buy or sell with me.

leslie edwards                                                                                sells real estate                                                                 770.460.9448                                                                         RE/MAX Around Atlanta                                             leslie@leslieedwards.com                                                           Search the entire MLS at www.leslieedwards.com

Conserve, Reuse, Recycle

3rd Quarter 2008 Coweta Co. Real Estate Activity

by Leslie Edwards

The most interesting fact about the Coweta real estate market is this:  From July 1 through September 30 almost the same number of single family homes sold as expired unsold.  Meaning that a sellers chances of selling vs. expiring are currently 50%-50% in Coweta County.

Here's the interesting part:  87% of homes listed as foreclosures for the same time period sold while only 13% espired unsold.  Big Difference.

Area foreclosures drive prices down as foreclosures are typically priced substantially less than the original sales price and far below what an average homeowner can sell for and pay off their existing mortgage. Some of those homeowners let the homes go into foreclosures which continues to drive prices down, and the cycle continues.

There are currently 1804 homes for sale in Coweta County.  Based on sales over the past twelve months this represents more than a one year supply of homes for sale now.  The average list price is $257,805

477 homes sold in the 3rd quarter 2008.  The average sales price was $195,576 while the average sales price of the sold foreclosures was $141,240.

The average price of homes that expired was $250,408 which over $50,000 higher than the average sale price.

Summary, many of the homes on the market today will not sell anywhere near the listed prices.  Aggressive pricing is necessary to get ahead of the declining market.  A high price with small reductions is following the market down while always being priced over the current market indicates.

The good news.  If you are a buyer, there is no better time to purchase a home.  You will be able to buy more house for the money and interest rates are LOW.  Buy Low, Sell High.

My thirty years of fulltime real estate experience has taught me that no matter how bad the market gets, it always comes back.  Like the stock market, the real estate market moves up and down.  No one can predict how long it will take for the market to recover, but people in the know, know it will recover. 

If you are a seller, wait if you can, rent if you can't or price your home very competively and sell it.  To get a great deal on a home to buy, you may have to take a loss on the home you are selling.  If you can stomach being a landlord, do it and go buy the house you want. Buy low, sell high.

Ask me for a FREE market consultation, with no obligation, to discuss your real estate options.  I want to be your resource for real estate.

leslie edwards                                                                                 sells real estate                                                                            770.460.9448                                                                                 RE/MAX Around Atlanta

be environmentally conscious

3rd Quarter 2008 Henry County Real Estate

by Leslie Edwards

In Henry County, there are currently 3386 single family homes FOR SALE.  The average list price is $241,519                                  From July1st through September 30th, 2008                                801 homes sold with an average sales price of $172,920              1165 homes expired unsold                                                         41% sold and 59% expired unsold

For homes listed as foreclosures                                                   82% sold and only 18% expired unsold.  A huge difference.        The average sales price of the foreclosures in the third quarter was $152,191, 12% less than all sold homes.                                       The average list price of foreclosure homes for sale during the same period was $178,331 or $63,188 less than the average list price of all homes.

The increasing number of foreclosures selling under market, drives  prices down.  Anxious sellers accept low offers and the prices continue to fall. Sellers who owe more than they can sell for, often find themselves unable to make their payments, and they end up letting their homes foreclose which continues to depress values... and the cycle continues.....

Nobody knows for sure where the bottom is or when the market will turn.  Thirty years esperience as a Realtor, through several market shifts, has taught me that the market always comes back.  I don't know when, but I believe it will.

The downside of an upturn in the real estate market is that lots of people will be kicking themselves for not buying real estate while the market was down.

If you want to discuss buying or selling, call me for a FREE consultation with no obligation.  In any real estate market, the agent you choose is important.  In a challenging real estate market the choice is critical.

Call me                                                                                      leslie edwards                                                                              sells real estate                                                                               770.460.9448                                                                          RE/MAX Around Atlanta

see homes at www.leslieedwards.com  email leslie@leslieedwards.com

 

3rd Quarter 2008 Fayette County Real Estate Market

by Leslie Edwards

There are currently 1350 single family homes for sale in Fayette County. The average list price of the homes for sale is $400,770.                     From July1st through September 30th: 308 homes sold with an average sales price of $299,044 down from the 1st quarter average sales price of $309,228.  392 homes expired unsold which means that 56% expired and 44% sold.

76% of the foreclosures sold with an average sales price of $235,598 while only 16% expired.  Foreclosures tend to be priced way under market, which helps drive the prices down, which forces anxious sellers to sell for less, which continues to drive the prices down. And it goes on and on....

But it is not all bad news. Smart buyers know that this is the perect time to buy.  Prices are down, interest rates are low and there are plenty of homes to choose from.  Buy low, sell high.

During my 30 years in real estate, I have seen a few really bad markets.  When Jimmy Carter was President, although the interest rates were 14% to 18%, people still bought homes.  I sold 40 houses in the worst year with no help, no fax, no cell phone and no GPS.

It is never as bad as the media would have us believe.  Real estate, like the stock market, moves in cycles, up and down.  Buy low, sell high.

If you want to or need to sell and are willing to sell at a discount, call me.  Experience pays in any maket.  In a challenging market, the agent you choose is critical.  I offer a FREE, no obligation, consultation to give you the information you need to make you real estate decisions.  Call me. I want to be your resource.

leslie edwards                                                                                   sells real estate                                                                                 770.460.9448                                                                                 RE/MAX Around Atlanta                                                                    Serving South Metro Atlanta

 

Clayton Co. 3rd Quarter 2008

by Leslie Edwards

Clayton County real estate activity 7.1.2008 through 9.3.2008

3022 properties currently for sale throughout Clayton Co.

40% of those properties are listed for under $100,000

344 properties are under contract and may or may not close

70% of the under contract properties were listed under $100,000

843 properties sold within the 3rd Quarter

67% were sold for under $100,000

1066 properties expired unsold

44% sold

56% expired

The market in Clayton County is flooded with properties for sale, which is great for buyers because oversupply means lower prices.   Investors and home buyers can certainly benefit from low prices, lots of selection and low interest rate mortgages.

  Regardless of what you are hearing about the availability of home loans, there is always money for credit worthy buyers. 

  It is the buyers with slow credit and no money in the bank and no down payment that are having trouble getting financing.  The lending culture for years has been to find a way to squeeze every buyer into some kind of mortgage, even if they really cannot afford to buy. 

 The low starting interest rates for interest only loans and a variety of adjustable rate mortgage products gave buyers a starting payment they could afford.  Selling points of those mortgages were the assumptions that buyers would get a raise and make more money and the value of the home would increase. 

  The reality is that home prices continue to fall while the cost of living continues to increase, jobs are not secure, companies are failing and the expected raises aren't happening. 

  When the interest rates adjust, the payments keep going up until the homeowners can't make the new payments.  These homeowners can't sell because prices are falling instead of increasing and they owe more than the market value of the home. When they qualified for the loan, neither the lenders or the buyers factored in unexpected expenses, ie: a new transmission for the car, illness, job loss, babies, divorce etc.  When a couple qualifies for the maximum loan and one of them stops contributing financially, neither can afford the payments.  

  When homeowners can't make their payments it is too easy to walk away, especially if they did not make a down payment.  Letting the homes go into foreclosure continues to drive prices even lower.  This downward trend also shows homeowners that allowing a foreclosure no longer carries the stigman it did in the past.  The mentality seems to be that everybody else is doing it so why not?

 This market climate creates excellent opportunities for buyers to purchase a home for far less that the value of a few years ago and get more house for the money. 

 This is a great time to buy so if you can, take advantage.  My thirty years of real estate experience, through many up and down cycles, has convinced me that no matter how low the market goes, it always comes back, often with a vengance The variable is time.  

  No one really knows how long this downturn will last but it is clear that a down market creates opportunities for investors and home buyers. Some buyers are waiting for the bottom of the marke to get the best price.  We know the market is at the bottom when it starts going back up.  Don't miss out on great buys.

  Call me at 770.460.9448 for the help finding the very best properties for the very best prices.

   Sellers. It is not the best time to sell so, if possible, wait.  If you really want to move, considering renting the house until the market turns.  If neither waiting or renting are options for you, call me at 770.460.9448 for a FREE market consultation.  Let my 30 years experience work for you.

leslie edwards            

sells real estate  

770.460.9448

RE/MAX Around Atlanta

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If you hear of anyone who wants to buy or sell in any of these areas, please mention me and then call me so I can contact them. I appreciate your referrals!