Buying your first home is not a small undertaking. While the purchase can move quickly from point A to point Z the process can be a rollercoaster of emotions for first-time home buyers. Questions relentlessly surface like, “Am I making a good decision?” or “Can I really afford to buy a home?” While there are…
The media has reported that 2016 is shaping up to be a seller’s market. Whether you are looking to buy or sell a home many industry terms can be quite confusing. Let’s explore the terms buyer’s and seller’s markets. The type of market is defined by the amount of available inventory. Therefore, if a market…
The first quarter of 2007 has been a busy one in the Commercial Development Department. At Lullwater at Saluda Pointe, our apartment development in the Columbia, South Carolina suburb of Lexington, we have opened the beautiful leasing office for business and the lease up process has begun in earnest. We expect our first residents to move…
If there is one thing I’ve learned in the multi-family industry, it is vital to have a quality resident retention plan in place in order to maintain a high occupancy. If your customers are pleased with you after they move in and stay that way through their lease term, they are more likely to remain…
The Bibb County apartment market continued to be active in 2008 and the first quarter of 2009, albeit considerably slower than 2007. The capital crunch caused lenders to adopt more stringent lending standards or stop completely making loans. The loan to value dropped to 75-80% and actual NOI was used to arrive at the value…
Fall in Georgia is a magical time, and the city of Macon and its surrounding areas come alive with vibrant fall festivals, offering a delightful blend of Southern charm, live music, delicious food, and family-friendly activities. If you’re looking to enjoy the cool breeze and colorful foliage, here are some must-visit fall festivals near Macon…
From 2004 to 2006 the U.S. Lodging industry experienced the strongest revpar growth in 22 years. One chain scale that has continued to sustain record-breaking success is the category labeled “midscale without food and beverage.” These properties represent 8,096 hotels with 705,305 guestrooms or 16.6 percent of the total U.S. room supply. Through May 2007,…
Are you an accidental landlord? If you have inherited a home from a relative or you moved out of your home into a different home and you want to rent it out rather than selling it, you are probably this type of landlord. We know it can seem like a big hassle to rent out…
A Short Sale occurs when a bank allows an owner to sell property at a price that is less than the owner owes the bank. In other words, the sales price is “short” of what is owed. This creates what is called a deficiency balance. That is, even though the property has been sold to…
