Mandich Property Group

Are Home Buying Companies Legitimate?

Do you own a home that you need to sell and are looking for a reputable we buy houses company? Well, you found them! We are Mandich Property Group and we are a local company that buys houses for cash and in any condition. You can get a free, no obligation offer by calling us at (770) 756-8680, or by visiting our website here to fill out a short form and we will get back in touch with you very soon. Now that that’s out of the way – on to the article 🙂

Are We Buy Houses Companies For Real?

Since it is a growing industry many people are asking, “how do the we buy houses companies work?”.  It’s pretty simple really, much more so than the real estate agent route with all the complicated paperwork. It is a legitimate business, but like with every other business there are scammers out there to worry about. One investment company that will not scam you is our company – Mandich Property Group, we are here to assist families like yours that may need or want to sale a home or property fast for a variety of reasons.

Selling Your Home To A We Buy Houses Company Isn’t For Every Seller

Selling your house to a cash buyer or investor might not be for everyone, you will need to weigh the pros and cons for your individual situation.Here is a piece of a great article that explains more:

When a seller chooses to work with a “We Buy Houses” company, it’s most often for one of two reasons: because they are in a financial position where they want to get cash fast or because they don’t want to take on the stress and burden of selling a house. That being said, We Buy Houses companies are not for every seller. It’s important to first evaluate what your needs are when it comes to selling a home before making the decision to sell on the market or sell to a company that buys houses.

Not all We Buy Houses companies are the same, many will operate in a very different way than others and, unfortunately, some will try to take advantage of sellers. That being said, make sure to do the necessary research beforehand and trust your gut! If anything ever feels off, make sure to get clarification.

Read the full article here

That last bit of information is very important! With every financial investment, especially large financial investments, you want to check out the company to make sure they are the best fit for you and that they are who they say they are. These days it’s much easier to check on the legitimacy of a company by simply searching for them on the web and looking at their reviews or finding them on social media.

We Buy Houses Companies Pay With Cash

There are benefits in selling to a cash buyer when you pick a reputable company such as Mandich Property Group. In this article by AdvisoryHQ it shows just a couple of the best benefits;

The primary benefit of using one of these services is that many of the companies that buy houses will offer to pay you in cash on the spot. You do not have to go through a realtor, deal with all the paperwork, or show the house, so it’s very convenient. Many of these businesses say, “We buy any house,” so even if your house isn’t in the best condition, it is likely that you will receive an offer.

Like anything else in the world, there are both ethical and unethical investors in this business, so it’s important for you to do your homework before choosing a service.

Read the full article here

It’s also important to add that when selling to a cash buying company you don’t have to worry about buyer mortgage contingencies. You also don’t have to be concerned about the buyer not even being able to get a loan making you wait for weeks, only to have to start the process all over again.

Is Selling To A Company That Buys Houses Right For You?

Selling a house is a big decision and there are many choices out there to get over whelmed with. It is true the investment route might not be the best fit for you. When discussing your situation with us if we think it is not the best way for you, we will tell you so. Because selling your house with a Realtor can take a long time and you may or may not get the asking price, this may be a good fit for your situation. Here is a short snippet from another article that gives a few more of the pros of selling your home to an investor:

Buyer financing: Unlike the traditional home sale, there is no waiting on buyer financing. Buyer financing can be a nightmare when lenders delay or slow down closing, sometimes forcing buyers to rescind their offers altogether. Most investors have cash to pay for your home, so this means no delays or hassle in relation to financing the purchase.

Creative Solutions: Because investors have the capital to buy your home with cash, they also have the ability to provide more unique solutions. For example, if you’re underwater on your mortgage, some investors will take over your mortgage altogether. Ask us about seller carry-back, and other flexible financing solutions.

Read the full article here

Summing It Up

Whether or not selling your home to an investor is totally up to you – and only you can decide in the end if it’s the best solution. You also need to use caution in who you choose to do business with, and do a little research on them. If you can’t find anything on the web about them, you might want to choose to deal with another company. Basically it is good to know who you are going to be working with.

We are a family run and operated investment company and we will do our very best to treat you right. We look forward to talking to you soon so reach out to us today and we will work hard to make the selling of your home as easy and painless as we possibly can. Call us today to get started 🙂

Are Home Buying Companies Legitimate? Read More »

Why Woodstock GA Is Like No Other

Woodstock is a lovely and charming community just north of Atlanta via I75. You owe it to yourself if you live near by to check out this prosperous and inviting city.

Image Credit

History

Woodstock is one of Cherokee counties oldest towns, the railway system brought the town to life in 1879. The city had a population of about 300 people. There was a gristmill, yarn spinning and wood carving activities in the area. The water ways in the area were also an inviting draw to the area, Little River, Noonday Creek and many smaller creeks and streams. At one time gold mining was something people were doing in the Kellogg Creek area, the old Kellogg Gold Mine where mica and kaolin were found. Woodstock was recognized by the Georgia General Assembly as a town in 1897 and the name Woodstock came from a 1826 Walter Scott novel.

Woodstock was a large producer of cotton back in the 1890s, they transported a couple thousand bales annually. The cotton farming introduced new farming methods to the area. In 1912 the Woodstock Depot was built by Louisville and Nashville Railroad helping the town grow. The passenger service side of the rail ended in 1949. The city now has a trolley to give tours.

Modern Life

Now with I-575and Highway 92 being the main roads in Woodstock it brings unlimited and innovative avenues for those that wish to live in Woodstock. Developers in the area were influential bringing possibilities for growth in the area making Woodstock one of the fastest growing cities in Cherokee County. Woodstock is a great area for family activities and night life. There are many parks in the area along with restaurants and stores in downtown Woodstock.

There is also the Amphitheater, it is a fun way to spend time with the family and promotes community and allows people to get to know their neighbors. There are so many parks and trails along with fishing and golf and so many more outdoor adventures you could experience in this great town.

Woodstock unveiled the new Memorial in 2009, it has 10 tons of polished granite and is dedicated to the Woodstock veterans. The sign that thanks the men and women of Woodstock, Georgia who served in the armed forces helping to protect our way of life. A beautiful tribute to those that have served this great country.

Woodstock is one of Cherokee Counties biggest municipalities with only 11 square miles and just over 23,000 residents. Woodstock now has its own fire and police departments as of January 2018. There are two fire stations and the police department with 54 sworn officers.

Famous people connected to Woodstock

  • Buff Bagwell – a professional wrestler WCW World Tag Team champion
  • Lew Carpenter – a Baseball player (1943-1945)
  • Nick Markakis – Baseball player
  • Bruce Miller – NFL player
  • Buster Skine – NFL player
  • Dusan Langura – Basketball player
  • Mary Hood – author
  • Chris Kirk – PGA golfer
  • Rich The Kid – rap artist
  • Mark Wills – country music

Here is a video that explains more about this great city –

Looking To Sell Your House In Woodstock Or Buy Your New Home In Woodstock?

If you have a home in Woodstock that you would like to sell – contact us! We buy houses in any condition for cash in Woodstock and all of the surrounding areas. You can give us a call for a free, no obligation offer at (770) 756-8680 or visit our website to fill out a short form and we will get back with you soon. If you are looking for your new home in Woodstock, we can help you with that as well. We look forward to speaking with you soon – and go check out Woodstock!

Why Woodstock GA Is Like No Other Read More »

We Buy Houses Pros And Cons

A lot of people often wonder how we buy houses works and the Pros and Cons of selling your home to a we buy houses company. In this short article we will cover a little of both the Pros and the Cons.

But first, if you have a property anywhere in the Metro Atlanta area that you would like to sell we would like the opportunity to make you a fair, no hassle, fast cash offer for your home in its present condition. No need to make any repairs, clean or worry about staging, we buy “as-is”. You can reach us at (770) 756-8680 or visit our main website to fill out a short questionnaire and we will get back in touch with you shortly. Now – on with the article 🙂

The real estate market, especially selling and buying residential property, has changed dramatically over the past few years. There’s no doubt you have seen signs on the side of the road or stapled to a telephone pole “We Buy Houses”. It’s actually becoming much more common for homeowners to sell their property without the aide of an agent and selling to some sort of investor.

If you are like a lot of homeowners you may have never dealt with this type of buyer before. So lets get into some of the Pros and Cons.

We Buy Houses Companies Pros

No Realtors And Lengthy Contracts

There are quite a few pros to selling your home to an investor. First you don’t have to go through the hassle of finding a good, reputable agent that can get your home sold in a reasonable amount of time. Without a listing that means no showings, which means no having to make your house spic and span and keeping it that way for potential buyers dropping by spur of the moment. In short, cutting out using an agent can cut down on your possible headaches considerably.

Selling As Is For Cash

An article from Forbes goes on to explain a few other benefits that a homeowner might enjoy when it comes to selling:

Selling “As Is” – Typically, investors offer to purchase a property “as is,” many times sight unseen. As a seller, that allows you to avoid any costly repairs that would normally be considered your financial responsibility.

Fast Closings – There are investors who can close within 7 days. How is that possible? Because the sale of the property is not reliant on approved financing, appraised values, home inspections, or the like; bypassing all of these steps expedites the process considerably.

Read The Full Article Here

One word of caution from the Forbes article is an investor that will purchase the property sight unseen. We find it very hard for any investor, whether local or IBuyer (learn more about IBuyers here) to purchase a property without inspecting it. We have seen that when they buy sight unseen their offers tend to be extremely low.

Probably the best benefit is being able to sell a property without having to worry about making any repairs or updates. Any one that has sold a property before knows what we are talking about. Not only do you have to be concerned with the repairs that you see need to be done, but a picky buyer and their inspector pick your house apart wanting all kinds of little things fixed or some sort of contingency.

Here is a quick video that explains in a little more depth the advantages of selling to an investor:

Cons

There are a couple of cons when it comes to selling your house to an investor or we buy houses company. It is not for every homeowner! If your house is in good to excellent condition and you have time to wait on a buyer, then most likely listing your home and selling with an agent is probably going to be best for you. Why? Because of price.

Price

An investor or company buys houses to make money. So you are not going to get top dollar for your home. Here’s a snippet of another article that backs that up:

Selling to a cash homebuying company is unlikely to get you the full market value of your home. Investors are taking a chance by buying your home as is, and the lack of costs to you (such as commissions and fees) will be factored into their offer.

Remember, too, that you’re being handed cash, often days or weeks after your initial contact. That convenience and speed will cost you.

Read The Full Article Here

It’s true that investors are taking on the risk. Anything could happen in the time from when they purchase the property to when its ready to sell and closed.

Scams

There are a lot of honest, reputable companies all across the lower 48 that want to buy your house. But yes, there are people out there waiting and wanting to take advantage of you. Here’s a snippet from WHNT that explains more:

  • Pay attention to suspicious advertising. Be wary of signs and solicitations that only include a phone number and no other details. If a business is legitimate, it will not try to hide information from you.
  • Do your research. Search for legitimate businesses that pay cash for homes using org as well as other review sites. Always read complaints and reviews on the business before you sign on the dotted line.
  • Never pay an upfront fee. A legitimate quick-sell business will not ask for you to pay any upfront fees.

Read The Full Article Here

You have got to make sure you are dealing with a reputable home buying company!

Summing It Up

There are some great benefits for a home owner to sell their property to a we buy houses company. Fast closings, no repairs and no agents or showings. The biggest con – you are not going to get full market value. As to how much of a percentage of full market value you will get will vary from company to company. Go ahead and contact several to get the best price as well as ensure that you are dealing with a reputable company and you should come out fine in the end.

Again, if you are anywhere in the Metro Atlanta area and want to sell, reach out to us at (770) 756-8680 anytime. If you are wondering more about how our process works, check out this article.

We Buy Houses Pros And Cons Read More »

Companies That Buy Houses Quickly

If you are searching for a reputable company that buys homes fast for cash – look no further – you found them! We are Mandich Property Group and we buy houses in any condition and in any price range. You can reach us at (770) 756-8680 or visit our site and complete a short form and we will be in touch with you soon.

Companies That Buy Houses In Any Condition

There are many companies out there that want to purchase properties for cash –  “as is”. Not all the companies are the same, just like in every business. You don’t have to except a lower quality of standard. At Mandich Property Group we pride ourselves with our honesty and will make you the very best offer for your property. It may not be the highest bid, however, many times it will work out to be the best in the end. Heather Chilvers explains more about just because it may be the highest offer for you home, it may not be the best;

In real estate, the highest offer is not always the best offer. The cleanest offer is the best offer, as it takes most of the risk out of the transaction. When I say clean, I mean not subject to things such as obtaining financing from the bank, a structural survey, an appraisal, and so on.

Sellers will often accept a lower, all-cash offer over a higher priced offer with conventional financing. This is because they know the cash offer is nearly guaranteed to close. It involves fewer stumbling blocks. Sometimes a bird in the hand is worth two in the bush, so to speak.

Read Heather’s Full Article Here

House Buying Companies Can Get Cash In Your Hands Fast And Hassle Free

If you are here then you must be interested in selling your house quickly and looking for the best home buying company. The best and fast don’t have to conflict. It is entirely possible to get an acceptable offer very quickly. Not all the investor companies are the same, but all companies are in the business to make a profit. Making a profit doesn’t mean that we are out to take advantage of you to make a profit while we flip the house. We do our best to make this a win-win transaction for both of us. Craig Johnson talks about some of this in his article;

In many cases, these “We Buy Houses” companies are real estate investment firms or individual investors looking to make a quick buck by flipping your home.

If you have a home that investors are interested in, should this be a case of “seller beware?” Not necessarily. At its most basic level, the root of any transaction is based on how motivated either a buyer or seller is at the moment.

In many cases, companies that specialize in fast home sales fill a niche that serves to remove old and vacant homes from the market, oftentimes transforming them into neighborhood gems.

To hasten the transactions, many of these investors will offer cash money. Not only do greenbacks help to reduce the processing costs of a real estate deal, but they motivate the seller to lower the price.

Read Craig’s full article here

Not All House Buying Companies Are Out To Scam You!

We know that most people that want or need to sale a house fast don’t want to be victims or taken advantage of. Sometimes it may feel like they don’t have a choice. Just because you maybe in a time crunch and need to sell a property fast doesn’t mean it is acceptable for someone to take advantage of you.

Yes, there are scammers out there and Mandich Property Group prides itself on NOT being one of those!

Here is an article that helps confirm not all investors are just out to take advantage of a distressed seller;

As for the scam part – that depends completely on who is doing the buying and in most cases, they’re not a scam. A scam implies that something illegal is happening and honestly, being a real estate investor, wholesaler, or flipper isn’t illegal.

Someone may think they got scammed if they didn’t know what to expect, got less money than they thought they should, or didn’t understand the risks of selling to a wholesaler instead of an investor. Which I get into the differences between the two in another section of this article.

Really, whether or not the seller can make any money or relieve the headache of owning the house depends on the reason the person is selling.

Read the full article here

At Mandich Property Group our goal is to help you out of a stressful situation or distressed property, and make a little money doing it. We enjoy helping our clients by getting cash in their hands fast! Give us a call at (770) 756-8680 or click the link above to get the ball rolling, we can start working for you today.

If you are wondering if the housing market is about to turn check out our previous article “Are We Headed For Another Housing Bubble?

Companies That Buy Houses Quickly Read More »

Historic Kennesaw At A Glance

Kennesaw Georgia is a beautiful town just North of Atlanta via I75. If you live close you owe it to yourself to plan a visit to this charming Southern town. The name Kennesaw is from Cherokee derivative meaning burial ground.

The City of Kennesaw is in Cobb County and is most known for two things. First Kennesaw is largely known for the Civil War, and secondly because of the gun possession ordinance inside the city limits.

 

Kennesaw’s Rich History

Kennesaw was originally a settlement called Big Shanty in 1830 till 1887, then was re-named Kennesaw in 1887. Due to the railway being a big part of the area it set the stage for The Great Locomotive Chase on April 12,1862.

The Civil War had many major battles, one of which was the Battle of Kennesaw Mountain. Kennesaw Mountain is now a National Battlefield Park with a museum. You can learn more about things to do and activities at Kennesaw Mountain here.

There is also the General Locomotive museum (in the center of Kennesaw where the actual train is stored on display), named after the great chase where Union Army volunteer commandeered The General (name of the locomotive) and took the locomotive north toward Chattanooga causing as much chaos and damage as possible to the rail way line. The chase went for about 87 miles, first on foot then the Confederate soldiers pursued in The Texan (name of locomotive). Learn more or plan a visit to check the real General locomotive at the Southern Museum of Civil War & Locomotive History.

It’s The Law For Homeowners In Kennesaw To Own A Firearm

What Kennesaw is known for secondly is the gun ordinance. In 1982 Kennesaw City Council passed a city ordinance stating every head of household to own a firearm and the ammunition for it. There is a old new paper article talking about how it might effect crime in the area written by Jonathan Hamilton and David Burch;

KENNESAW, Ga – Several Kennesaw officials attribute a drop in crime in the city over the past two decades to a law that requires residents to have a gun in the house.
In 1982, the Kennesaw City Council unanimously passed a law requiring heads of households to own at least one firearm with ammunition.
The ordinance states the gun law is needed to “protect the safety, security and general welfare of the city and its inhabitants.”
Then-councilman J.O. Stephenson said after the ordinance was passed, everyone “went crazy.”
“People all over the country said there would be shootings in the street and violence in homes,” he said. “Of course, that wasn’t the case.”
In fact, according to Stephenson, it caused the crime rate in the city to plunge.

Read the Full Article Here

The topic of the gun ordinance has been a nation wide story at times.

Watch this video that tells more about how great the community of Kennesaw is!

Kennesaw has many shopping malls and museums, many outdoor activities all year round. Kennesaw State University is just minutes away. There is also a public airport –  Cobb County Airport also known as Mccollum Airfield.

Vulcan Material is one of the largest business’ in Kennesaw and has been there close to seventy years. The mining facility also has a museum that schools can come an tour.

Even with Kennesaw being a small town with currently a population just over 32,000 at 9.5 square miles, it is packed full of history and unique things to do. The city has events in downtown at the depot almost every weekend and holiday during the year. To see a list of future events have a look at their website and click on the “Things To Do” tab.

Kennesaw is still a small country town where people are friendly and still knows and waves at their neighbors, with all the ease of living in the big city because nothing is to far away.

In short – We Love Kennesaw! If you have a house that you would like to sell in Kennesaw or any of the surrounding areas – reach out to us at (770) 756-8680 or visit our website to complete a brief form and we will get back with you soon.

 

Check out our previous article “Advantages And Disadvantages of Selling Your Home For Cash” here.

Historic Kennesaw At A Glance Read More »

What Are Your Options With An Inherited Property?

Losing a loved one is a terrible thing. The grief can be overwhelming, especially when it’s a parent. Hopefully they have a last will and testament for how things will be handled after their passing It can make things much easier for you, especially if you have siblings.

There can be a lot of things that need to be addressed after their passing. Final expenses, credit cards, cars, pets, and a host of other things – including a house. In this article we will talk about your options when it comes to a property.

First, if you are reading this and have recently lost a family member, we are truly sorry. If you have inherited a property and want to sell it, we are here for you. We promise to make the entire selling process as easy as possible for you. You can reach us at (770) 756-8680 or visit our site to complete a brief form and we will be in touch shortly.

What Are Your Options?

Really, you pretty much have 3. If all of these are available to you or not are dependent on your individual situation:

  1. You can move into it
  2. You can rent it out
  3. You can sell it

Moving Into The Property

If the house you inherited is nicer than yours, you may want to move into it. This does depend on whether or not you have siblings and you can all agree that it’s okay for you to take ownership of the property. It will also depend on whether or not there is an existing mortgage that will need to paid and you can make the payments.

Lisa Johnson Mandell from Realtor.com explains more:

In the best-case scenario, the property is paid off and comes to you, the sole heir, free and clear. In that case, you’ll be personally responsible only for property taxes moving forward, inheritance taxes (if any), and any repairs and improvements you choose to make.

However, if you’re not the sole heir and inherit the house with, say, your siblings, moving in will also mean compensating the other inheritors (and hoping they aren’t gung-ho to live there, too).

Whatever decision you make, try to base it on a balance of emotional and financial factors: While you may have always dreamed of keeping the place in your family for eternity, if that’s not possible, don’t beat yourself up. Remember, the deceased had meant this inheritance to be a gift rather than a miserable weight on your life. So do what makes sense for you.

Read The Full Article “So You Inherited Property—Now What?

Lisa makes a good point about the deceased was passing on a gift. Time and time again we have seen siblings squabbling over who was getting what. We also like Lisa’s point of compensating the other heirs if you plan on living there. If you own another property and selling it consider giving you siblings a portion of those proceeds.

Renting It Out

This is also another possibility, especially if you are the sole heir. There are some things you need to ensure to be certain this is a feasible option. What kind of condition is the house in? If it’s newer then you won’t have to worry as much about repairs. If it’s older, than you may have to replace the roof, HVAC system or maybe even new appliances. If there is a mortgage on the property you will have to make sure that the rent covers that.

Then there is the whole aspect of dealing with tenants. They can be demanding. Who wants a call at 3 a.m. with them complaining about they can’t sleep from the noise of the faucet dripping , or they clogged a toilet and it’s over flowing?

There is an alternative to you dealing with them yourself – Property Management Companies.

Tim Jones recently wrote this on the Daily Republic on the subject:

Keeping it can be an investment. You can hire a property management company to manage the tenants, repairs, etc. associated with the house. Ultimately, it could turn out to be a good long-term investment, regardless of whether you ever move into it or not.

The advantage of a professional property management company is that you don’t need to be versed in landlord-tenant law, and don’t need to handle the day-to-day worries.

Read The Full Article “All Things Real Estate: 2 choices with inherited house: keep it or get rid of it

Property management companies are a great option for taking care of your property and tenants. Some companies will even find and screen the tenants for you. It does come at a price though ranging usually between 6-10% of the monthly rental amount.

Selling The House

This option we run into a lot because, well, we buy houses. Over the years we have purchased multiple probate properties. Just like the other two options you still have to weigh your options. The condition of the property is going to make a difference on how and who you sell the property to. Where the deceased hoarders? Does the house need extensive repairs. Does the property need updating? Hopefully there isn’t more money owed on the property than it’s worth, although this isn’t as common as it was a few years ago.

If the home is in good shape and you have time you can probably list it with an agent. But check out what Christine Bartsch has to say about listing with an agent on Homelight’s blog:

When you’re lost in bereavement and the complexities of probate, it’s natural to look to the familiar—such as hiring your favorite real estate agent. But unless your favorite agent specifically handles probate properties, this is a mistake.

While most probate sales functions similarly to a traditional sale, there are some key differences that require specialized know-how. A probate real estate agent will know how to handle these differences, such as selling a property that requires court confirmation or drafting contracts when the probate property is still in the decedent’s name.

If you don’t live near your inherited property, you’ll need to hire a probate agent who’s local to the property rather than you. This ensures that your agent knows the laws and ordinances of the property’s home state, city and county that may impact your sale.

Read The Full Article “I Just Inherited Property in Probate, What Happens Now?

Great advice from Christine – be sure your agent is familiar with the probate process in the state the property is located in.

If you are thinking of selling an inherited property read this article “Benefits of Selling A House For Cash

Here is a video that explains even more indepth about some of the things you may face in selling a probate property;

Summing It Up

Having to deal with an inherited property or probate property is almost never easy. Go through all of your available options and choose which will be best for you. Probably one of the biggest things we can suggest is that you talk things over with your parents before they pass and make sure they have a will so that things won’t be as burdensome for you when they do pass, it’s the responsible thing to do.

What Are Your Options With An Inherited Property? Read More »

Common Mistakes To Avoid When Remodeling Your Home

Some people enjoy remodeling their home and making it their own. Others not so much. In this write up we will cover some of the things that you should do and mostly things you should avoid when planning and executing any remodeling in your home.

But first, if you think you have to remodel your house before selling it – think again. Here at Mandich Property Group we will buy your house in as is condition. Even if you have things you don’t want to take with you – it’s not a problem. Reach out to us at (770) 756-8680 or visit our website to complete a brief form and we will contact you shortly.

Now – on with some tips on Remodeling your home!

Create A Budget

This seems like a no brainer, but is often overlooked. Planning a budget is a must. If you have to go to an outlet store and start getting prices – do it! As investors we can tell you from experience that we almost always run over budget. We do try to stick to it, but in the end we want a product that we are proud of and that a new home owner will enjoy. The last thing you want to do is cut corners at the end of a project just to get it completed, only to not be satisfied with the end result.

Ayn-Monique Klahre from Real Simple goes on to explain even more about the importance of planning a budget:

Since the general rule of thumb is that it’s going to cost more and take longer than you think, make sure you have a big enough cushion in there that you’re not breaking the bank (adding an extra 10 to 20 percent more to the initial estimate is a good start). “If by some miracle you come in under your number, you’ll be happy to have a little extra for decorating!” says DiClerico.

As a general rule, you’ll want to spend more on things you interact with—like cabinets with doors you’ll open and close dozens of times a day—versus things you use less, like decorative tile.

Read The Full Article “The 7 Most Common Home Renovation Mistakes to Avoid

The last sentence in that snippet is extremely important. If you are doing a kitchen remodel you don’t want to spend all of your money on marble tile and granite counter tops only to have to buy cheap appliances because you are out of money.

Know Your Limitations

Just like Clint Eastwood said in the movie Magnum Force – “A man has GOT to know his limitations”, the same holds true when it comes to remodeling your home. There have been countless times when we have gone to a property that someone wants to sell and it’s very obvious that

  • they did the remodeling work and had no clue as to what they were doing or
  • they hired a sub par contractor or may have took the lowest bid

In either case we knew that the work would have to be redone.

Donna Boyle Schwartz talks about this in her article from Bob Vila’s blog:

Be realistic about your DIY skills. You may be a wizard at painting, and you may even be fairly proficient with Sheetrock and decorative molding, but certain projects are best left to the pros. Indeed, many communities require that plumbing and electrical work be performed by a licensed contractor. The last thing you want to do is take on a project that is beyond your level of expertise and then have to pay a professional to come in and fix your mistakes. Figure out what you can and, more importantly, cannot do yourself before you start a project.

Read The Full Article “The 7 Deadly Sins of Home Remodeling

It’s extremely important to remember that if you are doing any kind of addition you should always hire a licensed contractor for plumbing and electrical work and get the proper permits.

Choose Your Contractors Carefully

So now you may know that you can’t or don’t want to do everything in your home remodel. Maybe you just don’t have the time, that’s totally fine, the last thing you want to do is get in over your head.

When it comes to hiring a contractor do yourself a favor and get quotes from at least 3, more preferably if it’s a larger project. Nationwide’s Blog (yes, the insurance company) has some great tips on choosing your contractor:

Don’t rush your decision on hiring a contractor. Interview multiple contractors and reach out to their references and previous clients. Make sure each contractor understands what you want. Don’t hesitate to ask them questions about materials, layout and the construction process. Don’t select your contractor based on price alone; compare price quotes and references, and make sure you can work easily with them.

Read The Full Article “The Biggest Home Renovation Mistakes to Avoid

We would add that you should also research them on the web. Look at their Google listing and check out their reviews. If they have a lot of bad ones – well maybe you should think twice about using them.

Every homeowner (including investors) want the same thing from a contractor, Good, Cheap, Fast work. The problem is that really only two of those at a time is possible. Here is a diagram that helps explain:

For example, if you want good work cheap – then it won’t be fast. If you want cheap work fast – then the quality of the work will suffer and if you want high quality work done quickly – you guessed it – it won’t be cheap!

Doing Projects In The Correct Order

This is something else that is commonly overlooked. This can be really important if your storage is small. You don’t want your new appliances delivered before they are ready to be installed and you have no place to put them.

Tami Brehse from Business Insider explains more:

Budgeting is an obvious part of the planning process, but many homeowners neglect another important part that requires strategy: workflow. Poor planning here can result in delays and added costs.

“When remodeling, things need to occur in a certain order,” Helling said. “For example, you don’t want to refinish flooring and then paint.”

Paint — or a crew of painters and gear — can easily damage brand new floor coverings, so flooring should almost always be done last in a renovation project.

Another commonly overlooked part of the workflow is cleanup. Will your project require a dumpster? What about a truck to haul away debris? Think through your project from start to finish to ensure you’ve accounted for all the necessary steps in the process.

Read The Full Article “The 8 biggest mistakes people make when remodeling their homes, according to real estate agents

Finally here is a quick video from News 5 out of Cleveland that gives some quick pointers:

Summing It Up

Remodeling can be a daunting task, but if you plan properly you shouldn’t have as much stress and will be able to save some of your hair 😉 . Create your budget, check out your contractors and in general – plan properly. Try and have fun and don’t yell at your spouse or significant other to much!

Want to learn more about how We Buy Houses? Then check out this article.

Common Mistakes To Avoid When Remodeling Your Home Read More »

We Buy Houses, How Does It Work?

When looking into “We Buy Houses” or “Sell Your House Fast for Cash” companies – Mandich Property Group is your local investment company that will pay you cash for your house. The old fashion way of selling your house using a real estate agent may not be the best way for everyone. Selling your house can be a fast process and gets cash in your hands. When looking for the right investment company for you, make sure you will not have to pay anything out of your pocket and that you will get cash at closing. Contact us today at (770) 756-8680 for a free offer or you can visit our website to fill out a brief form and we will contact you shortly.

Now that that’s out of the way – let’s get on with it!

How Do We Buy Houses Companies Work?

So you have probably seen all the signs for we buy houses and often wondered “is it for real?” or “are they really paying cash?”. Here is a snippet from another blog that explains it fairly simply;

House Buying companies are in the business of flipping homes, which means that they should have done enough business previously to have enough cash in their account to purchase the home. As with any industry, there will always be scams and people that are looking to take advantage of you. If you’re looking to sell your house fast for cash, it’s important to know which companies are looking out for your best interest and operating ethically. Trustworthy companies use cash that they already have sitting in their account to buy a seller’s home. This cash is often the proceeds from previous properties they’ve flipped.
Read Full Article Here

How Much Will They Pay?

No investor will pay top dollar for a property, after all they are in business to make money. While true you will not receive the full retail price for your house, you will not be asked to spend money on anything. No repairs or upgrades will be needed and to most the best benefit is there is no need to clean. The reason the investor is not able to give top dollar is that they will need to put money into the house for those repairs and upgrades. Here is another article by Meghan Riley that shares that information;

You may be surprised to learn that many of these “We Buy Houses” signs are backed by legitimate companies. We can’t attest to their reputations or experience levels, nor can we say that none of them are scammers (hey, people can be awful), but most are authentic. They’re flippers and investors who want to buy houses cheap and make money off fixing them up or holding onto them. The cheapness is often what earns them the “scam” label. However, these companies are not trying to swindle homeowners out of money or perform real estate fraud. If they can’t purchase the home at a certain price, they can’t make the money they need. Sometimes their offer price isn’t high enough to cover a seller’s financial obligations, so the transaction doesn’t occur. Despite the sign’s strong message, calling the phone number does not guarantee a sale.
Read The Full Article

Ultimately It’s Up To You

You have the power and hold all of the cards. One of the safeguards you have is that you will have the choice to except of deny the offer. If you don’t like the cash offer you are not obligated to take the offer if you feel it is not fair. An article by Founders Guide shows that information also;

As the owner of the house you have the final choice to sell or not to sell. Once they find a buyer, you will receive an offer and make a single decision. After making the decision, you are free of the home.
Before choosing We Buy house companies find out more about the experience of the company by ensuring that the services they offer have been for long and they have sufficient experience in the industry. This assures you of identifying a company that is reputable. Companies that have been operating for long and with a good reputation can easily be trusted and assist you with your problems. Get in touch with companies such as W Properties under we buy houses Oklahoma and sell your house on your terms.
Read The Full Article

When selling your house for cash, you have a lot of choices! Mandich Property Group is one of the Best in the industry. Contact us to 770-756-8680 and let us make you an all cash offer today.

If you need to sell your house fast and don’t know what to do – check out this post “What You Should Do To Sell Your House Fast

We Buy Houses, How Does It Work? Read More »

Advantages And Disadvantages Of Cash Sales

Someone Wants To Pay Cash For Your House?

In today’s world almost everything we do is designed around speed and ease. Selling a house can now be added into the mix as well. Mandich Property Group is ready to help make this possible for you. Our goal is to make the selling of your home as easy as possible. If you are ready to get a great cash offer for your house call Mandich Property Group at 770-756-8680 or visit our site to complete a brief form and we will contact you soon.

Pros Of Cash Sales

If you are weighing the pros and cons of this method of selling a house here is an article that gives a couple of the pros;

As Is

Before selling on the traditional market, most homeowners will need to do some work to their home. Whether it’s updating rooms that might feel dated to buyers (typically bathrooms and/or kitchens) or repairing damaged items (leaks, electrical or plumbing issues, foundation cracks etc.), a realtor will want the home in tip-top shape to maximize your asking price.

Unfortunately, you often won’t see much return on that investment; you may spend thousands of dollars to update a room, only to see your home sell for under market value. Cash homebuyers, however, aren’t worried about those things. They gladly buy your home as is, saving you money on potentially costly repairs.

Read The Full Article Here

Cons Of Cash Sales

If you drive anywhere you will see signs “We Buy Houses” or check your mail and you will see there are so many companies out there now trying to buy houses for cash now. This is a legitimate way to sell a house, you just need to find the right person to buy it. Look into the person or company before you decide to sign to make sure they are a reputable company.

Selling for cash has become a popular route to selling a house. Here is another snippet of an article I found written by PJ Mitchell with some of the cons;

The Money May Not Be Real – If you’re dealing with a known, reputable company, then this isn’t a concern. But if you’re selling to the guy who sent you a postcard in the mail, make sure they have the cash that they are offering. Ask to see a bank statement or a “proof of funds” letter from their bank. In these cases, you may also want to negotiate a lease-back so you don’t have to rush to organize a move. (You may want to read How to Know If That Cash Buyer Is A Scam.)

Read The Full Article Here

You definitely want to make sure who you are dealing with is legit! If you don’t – it really might be a “Con”. Like with what PJ says about postcards, go ahead and look their company up on the web. If you can’t find anything on them or negative reviews you might want to choose someone else.

Buying and selling houses for cash might have become popular from being on TV and all of the house flipping shows, however it has caught on and more and more people are doing it. Part of the reason is because selling a house is now almost effortless when sold for cash. This way of buying and selling houses is being done all over the world, not just in the United States. This article written by Tamir Davies from the UK shows that also and exactly what a true cash buyer is;

In this day and age, paying for a house with cash is becoming increasingly popular. Whether you are a buyer or seller, there are a number of reasons as to why cash transactions can be favorable, but it is entirely dependent on your specific needs. Like with anything, when buying or selling a house to a cash buyer, there are pros and cons.

What is a cash buyer?

The meaning of a cash buyer is often misunderstood, with some thinking that they are a cash buyer if they can afford to buy a house without a mortgage once they have sold their current house. This is incorrect; if a buyer doesn’t have the cash readily available at the current time of putting in an offer, they are not cash buyers.
Read The Full Article Here

In Conclusion

Selling your house for cash is a great alternative to selling a property the old fashioned way with an agent and the end buyer having to get a mortgage. The process is much quicker because there is no loan department dragging their feet getting paper work and appraisals completed.

If you are ready to sell, we can start the process today and have cash in your hands in just few days. The process of selling your house doesn’t have to be long, drawn out or scary! We have made selling your house for cash process streamlined and fast. There is no longer a need for the sale of your home to drone on and on for months and be a waiting game, nobody has time for that.

Remember when selling your home on your own, or by owner – first impressions are everything. Check out this article that explains more!

 

Advantages And Disadvantages Of Cash Sales Read More »

Is The Atlanta Housing Market Slowing

Today’s Pulse On Atlanta’s Housing Market

For a few years now housing prices have been steadily climbing higher, especially in the Metro Atlanta area. If your house was immaculate or at least in decent condition, it would sell. Chances are you would have multiple offers on your property. But things look like they are changing.

First things first, if you have a property anywhere in the Metro Atlanta area, we would like the opportunity to make you an offer for it just the way it is. No hassles and a fast easy sale. You can contact us at (770) 756-8680 or visit this page and complete a short form and we will contact you shortly.

Okay – now on to why you are here – to learn what’s happening in today’s real estate market.

Bidding Wars Are Down

It looks like the days of putting a property on the market and the price getting run up by multiple offers are becoming a thing of the past for sellers. Don’t believe us? Check out this from Redfin’s Blog about bidding wars by Dana Olsen:

Just 10.4 percent of offers written by Redfin agents on behalf of their homebuying customers faced a bidding war in August, down from more than 42 percent a year earlier. That overtakes last month’s 11.4 percent bidding-war rate as the lowest on record since at least 2011.

The national bidding war rate reached a high of 59 percent in March 2018, then started to drop as homebuyers reached their limit with sky-high housing prices and rising mortgage rates in the middle of last year. As the housing market has cooled slightly, so has competition to purchase homes.

Continue Reading – 10% of Redfin Offers Faced Bidding Wars in August, a New 8-Year Low

We suggest you visit that page and look at the graph that shows the National trend and you will see it hit a peek of around 60% in 2017 nationally and is now down around 10%.

Recession Fears

If you watch any news at all you know that we are in the midst of a trade war with China. While we believe this hurts the Chinese more than us, yet it still reeks havoc on the Stock Market. Add to that every other country in the world has a slowing economic market. All of this makes buyers think twice about purchasing a property, especially if they think there is a down turn about to happen. Everybody remembers the housing bubble of ’08, it’s fresh in their minds. Also there was an inverted yield curve in the month of August, which is usually a good indicator of a recession looming.

Lisa Chamoff wrote about this in a recent post on Forbes:

Homebuyer confidence is dropping, and more than half of current house hunters plan to put their home search on hold until the economy recovers, according to survey data released this week by Realtor.com.

The survey this month by Toluna Research found that more than 36 percent of 755 active home buyers expect the U.S. to go through a recession next year. This is up by about 6 percent when shoppers were asked the same question this past March.

Continue Reading – More Than A Third Of Home Buyers Think A Recession Is Coming

Atlanta’s Housing Market

So where does Atlanta’s housing market fall in all of this. Inside the perimeter we are seeing some change. We have seen properties listed longer as well as sellers having to slash their asking price.

Michael E. Kanell had this to say about it in the AJC earlier this year:

Yet the number of homes sold during the month was 8.9 percent below that of March 2018 as fewer buyers and sellers found common ground. Home sales volume has been declining for several months in metro Atlanta, including a 7.4 percent drop in February.

Read The Full Article Here

Over the years we have always seen inside the perimeter to be effected first, then spread to the surrounding counties.

So Are We Headed For Another Housing Crisis?

In all actuality, we don’t think so. There were two major factors that really had an effect on the crash of ’07-’08.

  • First, there were a lot of homes available. Builders were going crazy putting up new subdivisions everywhere throughout the Metro Atlanta area. The supply far outweighed the demand.
  • Second, Banks and Mortgage companies were making very risky loans and basically lending money to people that couldn’t afford to make the payments. Since the crash though lending standards have tightened up, to a degree.

In Conclusion

So what’s the take away from this? We do think there will be a correction coming, no market keeps going up for ever. At some time there has to be some sort of correction and prices will probably drop a bit. If the China trade war continues or there is some other global economic catastrophe, it may be a little more severe. However, we aren’t trying to paint an all “Doom and Gloom” scenario!

Bottom line, if you have a house that you are thinking of selling, now is the time to do it. This is especially true if you have a house that is a “handy-man special” that needs some repairs or needs major work and you can’t afford to make the repairs and need to sell as is.

Even if you house is ready to list with an agent – it’s still a good time to sell. Better now than later and have to wait until after any correction because you never know how long that will take.

Here’s a short video that goes over a few of the points we covered and will expand more on these thoughts:

Is The Atlanta Housing Market Slowing Read More »

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