The Zac Team – 1143 Rosedale Road

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Home Heating Sources

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Heating and cooling systems are some of the most important investments you’ll ever make in your home. Heating and cooling accounts for 44% of your home’s energy use. Various systems include electric, gas, propane, oil, and even wood-fired.

The method of distribution can be forced air, under floor boilers and pipes, baseboard, zonal, gravity, heat pumps, ceiling wires and, of course, wood stove and fireplace. Some have higher purchase prices, while others cost more to maintain or operate.

The more energy efficient an appliance is, the less it costs to run and the lower your utility bills. Use this knowledge to evaluate the asking price of any home. You’ll be money ahead as you factor its heat source into any offer! More information on heating is availableright here.

Asbestos Concerns

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Many sales agreements mention asbestos by saying “the buyer is aware asbestos may be used in the construction of this home.” This can be a little unsettling. Asbestos is a known carcinogen, and when exposed, tiny particles can be released into the air you breathe.

Asbestos is a common insulator used in many homes, and was used for everything from siding to tape wrapping for furnace air ducts and even sometimes in “popcorn” ceilings. There are several remedies that range from the simple to the complex.

Your home inspector can tell you if asbestos is present in easily visible places such as siding, taping, and insulation, and recommend remedies if necessary. More information on asbestos can be found right here.

What Is A Short Sale In Real Estate? And How Can It Help Sell A Home In Atlanta?

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A short sale takes place when a home owner cannot afford to make their mortgage payments to the bank due to unforeseen hardship or extenuating circumstances. A request from the home owner must be made to the lending bank’s “loss mitigation department” and the bank must agree to a loan payoff typically less than the amount borrowed. Short sales are a way to help distressed homeowners, but not a way to simply get rid of a home in a difficult real estate market. If you are worried about foreclosure and want to know more about your options or the possibility of a short sale, please click here.

Below are a few situations that could justify the bank granting a short sale. These MUST be qualified and proven in writing to the lending bank. If you are facing one of the following situations and struggling to make your payments, please talk to your lender as soon as possible:
Ø Illness of a borrower or co-borrower and, due to that illness, cannot continue to make payments. This would have to be accompanied by a doctor’s statement of permanent or long-term disability.
Ø Death of a co-borrower who originally qualified for the loan.
Ø Divorce or legal separation accompanied by legal documentation and attorney’s correspondence.
Ø Involuntary loss of job or a significant modification in pay with documentation from employer and recent and past check stubs as verification.
Ø Illness of a family member where borrower or co-borrower is the only one that can provide care; again, a doctor’s statement would be required.

Unjustified or trivial reasons will not be supported. A few examples of these include:
Ø You quit your job or were fired for just cause.
Ø You refinanced or obtained a loan with accelerating payments, high interest rate, or negative amortization.
Ø You ran your credit cards up to the max and can’t afford all your payments.
Ø You bought a new car or other large purchase and now can’t afford all of your payments.
Ø You decided to separate from a spouse or significant other co-borrower without a divorce or legal separation.
Ø You decided to or need to relocate and the value of the property is less than the outstanding balance of the loan.

The title “short sale” can be slightly deceiving since these transactions can still involve a few months of dealing with the bank, they still tend to be less costly, quicker, and less damaging than foreclosures (for both the bank and home owners). If you plan on buying a short sale home, know that you may have to wait 60-90 days for the closing.

If you have any questions about how short sales work, just give us a call and we can show you the checklist of items required by the bank, explain the process step-by-step, and go over a sample hardship letter. Or, if you feel like you might be in risk of foreclosure, please give us a call today so we can help. Just call our office at 404.564.7200 and ask to speak to someone on the listing team.

If you would like to know more about saving your home from foreclosure, please click here for our blog titled, “Foreclosure Help & Assistance for Atlanta Homeowners.”

For more short sale details for those who are more familiar with the process, you can check out a thorough short sale blog here.
the zac team zac atlanta Atlanta real estate agents zac real estate foreclosure help remax atlanta short sales short sale real estate what is a short sale mortgage help homeselling in atlanta real estate hardship letter mortgage payments

A short sale takes place when a home owner cannot afford to make their mortgage payments to the bank due to unforeseen hardship or extenuating circumstances. A request from the home owner must be made to the lending bank’s “loss mitigation department” and the bank must agree to a loan payoff typically less than the amount borrowed. Short sales are a way to help distressed homeowners, but not a way to simply get rid of a home in a difficult real estate market. If you are worried about foreclosure and want to know more about your options or the possibility of a short sale, please click here.

 

Below are a few situations that could justify the bank granting a short sale. These MUST be qualified and proven in writing to the lending bank. If you are facing one of the following situations and struggling to make your payments, please talk to your lender as soon as possible:

Ø Illness of a borrower or co-borrower and, due to that illness, cannot continue to make payments. This would have to be accompanied by a doctor’s statement of permanent or long-term disability.

Ø Death of a co-borrower who originally qualified for the loan.

Ø Divorce or legal separation accompanied by legal documentation and attorney’s correspondence.

Ø Involuntary loss of job or a significant modification in pay with documentation from employer and recent and past check stubs as verification.

Ø Illness of a family member where borrower or co-borrower is the only one that can provide care; again, a doctor’s statement would be required.

 

Unjustified or trivial reasons will not be supported. A few examples of these include:

Ø You quit your job or were fired for just cause.

Ø You refinanced or obtained a loan with accelerating payments, high interest rate, or negative amortization.

Ø You ran your credit cards up to the max and can’t afford all your payments.

Ø You bought a new car or other large purchase and now can’t afford all of your payments.

Ø You decided to separate from a spouse or significant other co-borrower without a divorce or legal separation.

Ø You decided to or need to relocate and the value of the property is less than the outstanding balance of the loan.

 

The title “short sale” can be slightly deceiving since these transactions can still involve a few months of dealing with the bank, they still tend to be less costly, quicker, and less damaging than foreclosures (for both the bank and home owners). If you plan on buying a short sale home, know that you may have to wait 60-90 days for the closing.

 

If you have any questions about how short sales work, just give us a call and we can show you the checklist of items required by the bank, explain the process step-by-step, and go over a sample hardship letter. Or, if you feel like you might be in risk of foreclosure, please give us a call today so we can help. Just call our office at 404.564.7200 and ask to speak to someone on the listing team.

 

If you would like to know more about saving your home from foreclosure, please click here for our blog titled, “Foreclosure Help & Assistance for Atlanta Homeowners.”

 

For more short sale details for those who are more familiar with the process, you can check out a thorough short sale blog here.

the zac team zac atlanta Atlanta real estate agents zac real estate foreclosure help remax atlanta short sales short sale real estate what is a short sale mortgage help homeselling in atlanta real estate hardship letter mortgage payments

The Zac Team’s report on housing market brings good news for Atlanta residents

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The Zac Team, a leading real estate company, has sent out February’s Home Price Reports to over 1,000 interested Atlanta residents in a bid to keep them updated about the latest developments in the local housing market.

The report contains information on what homes in over 70 neighborhoods and condo buildings are currently valued at and have recently sold for. In what can be termed as good news for the residents, the report concluded that 2013 was the strongest year for home sales since 2006.

Real estate professionals at the Zac Team collected the information regarding the value of properties in various neighborhoods under the supervision of the company’s founder Zac Pasmanick. Residents interested in the local housing market consider the Home Price Reports as one of the most trusted source of information to get an idea of the actual value of houses in their neighborhood, a company spokesperson said.

The spokesperson said that The Zac Team has concluded that the housing in Atlanta has showed positive signs of growth.

“Housing indicators for December, the latest information available, reflect the year-long pattern of rising prices and sales. December saw an 11.9% increase in sales over the month of November for a strong finish to a great year. In fact, 2013 was the strongest year for home sales since 2006,” the spokesperson said.

The report includes the properties in the various neighborhoods currently listed for sale and those sold in the last six months.

“Though there can be variation in what neighboring homes sell for – due to value differences based on specific street location, lot size, square footage, interior condition, basement improvements, and some other factors; this monthly report provides a general idea of what sellers are now asking for the homes that are listed in the Multiple Listing Service,” said the spokesperson.

Urging people to be part of the steady growth in the residential property market, Zac Pasmanick invited people for a free consultation and evaluation of their property by him and The Zac Team professionals.

Zac Pasmanick and his team have sold over 4700 houses in the last 25 years.

Zac Pasmanick has won several awards and accolades for his community service and contribution to the industry. He is known as the go-to person if someone needs to buy or sell a house in Atlanta.

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Media Contact: Nate Lee

Designation: Marketing Manager

Direct #: 404-564-7250

Office #: 404-564-7272

Email: nate@zac.biz

Website: http://www.zacsellsatlanta.com