Archive for August, 2007

Inspired Giving through Kiva.org

Lydia Taylor August 30th, 2007

The other day I found out about a wonderful website called Kiva.org. They attempt to link up deserving entrepreneurs in 3rd world countries with willing lenders around the world. The premise is that lenders can make loans to small businesses at no interest. In turn, these businesses commit to gradually paying back the capital within a defined time period.

Kiva is a non-profit entity, so the Kiva website doesn’t take a dime of the transaction. Their overhead is entirely covered through private and corporate donations.

I think this a wonderful way to make a charitable contribution. It’s not giving without a return, it’s giving with strings. The difference is significant. As they say, “Give a man a fish he eats for a day, teach a man to fish he eats for a lifetime.” In this case the borrowers are charged with returning the lended capital.

The borrowers rarely default on these loans, and when you get paid back you can use the money or just lend the returned money to someone else. With one small contribution, you can continue to use that money to change many lives - not just one.

These borrowers aren’t just deserving people that need a leg up, these are people that are fighting to make a better life for their families and their communities. Please take the time to make an on-line visit to Kiva. With your help we can make a difference.

A Poster Child…for Real Estate Stupidity

Lydia Taylor August 28th, 2007

Michael Acciardi of Saddle River, New Jersey, is not very happy with his latest home buy.

He bought a 2.6 million dollar house, at auction, without ever stepping inside. Turns out the house was filled with animal feces. There’s always one ‘cat-house’ in the neighborhood, and this one was it. I’m not talking about the fun kind of cat house either. :-)

There were two inches of manure in the tubs, and 23 dead cats in the garage. Oh, and did I mention the 100 cats and dogs still living there?

Acciardi lives next door to the catastrophe he paid $2.6 million for. He went inside for the first time on Thursday. “It was so bad inside that I became violently ill,” Acciardi said. “Just the scent on my clothing. I had to go home and change.”

If you ever wanted to avoid entering into a real estate transaction without representation, remember Michael.

A cardinal rule when buying a home: Always get a home inspection. Even on new construction!!

Consider hiring a real estate professional to guide you through your next real estate transaction. You never know - it could have saved Mike almost 3 million, and a whole lot of cleaning supplies to boot. In this case, it looks like he wants to lawyer his way out of the deal. Good luck Mike! You’re going to need it!

Reference: http://www.foxnews.com/story/0,2933,294610,00.html

Augusta Real Estate Market Report - August 27, 2007

Lydia Taylor August 27th, 2007

For this week it’s apparent that a lot of property changed hands in the Augusta/Richmond County market. Overall though, inventory levels across the area are relatively unchanged.

Since new listings are keeping pace with homes sold, one can draw the conclusion we have a pretty healthy market at the moment. We are entering the fall slowdown when real estate activity begins to slacken due to the kids getting back to school. Let’s hope that inventory levels keep their steady pace in the downward direction.

Richmond County: 1451 [down 56]
Columbia County: 1202 [+ 27]

Aiken County: 494 [down 6]
Edgefield County: 64 [+3]

Augusta, Georgia: 1131 [down 42]
Evans, Georgia: 460 [+ 5]

North Augusta, South Carolina: 283 [down 8]
Aiken, South Carolina: 113 [+ 4]

These numbers are for residential real estate (homes for sale). This data does not include commercial listings, lots and land, or multi-family housing. Number in parentheses indicate change in # of listings from last week.

Search it, See it, Map it - Using the most powerful MLS Search in Augusta to find the perfect home

Lydia Taylor August 24th, 2007

One of the things I like about the MLS Search functionality on NorthoftheSavannah.com is the varied ways you can find homes for sale. The site offers searches by city, county, zip code, MLS code, and by map. There are also lots of prebuilt searches around the site, like the Summerville Real Estate page that shows all the homes for sale in Summerville. The Augusta MLS and North Augusta MLS pages have prebuilt searches by price range, by property type, or by location. And the North Augusta Real Estate page offers a number of prebuilt searches for popular neighborhoods. For all the power of those offerings, they are really intended to drive traffic to the site, and demonstrate the ability of the MLS Search available here. I call it the most powerful MLS search available in the CSRA, and I think it’s fair to say that.

But let’s say your a home buyer and you want something more. How do you bend this site to your will and get it to work for you? Well, that’s super easy, and I’d like to show you how.

Most buyers have a price range, and they know about where they want to be. Maybe they can be very specific and know they want to be near their daughters home. Gotta to be able to spoil - I mean visit - the grandkids! So, let’s see how this site can help these buyers find their dream home.

Lets take a simple search that I did with some recent home buyers. They wanted to be near a daughter and grandkids in North Augusta. They were retired, and they wanted to relax in a more upscale home. They’d studied the market, and gotten pre-approved financing up to $225,000. They had that financing available for the next 30 days, and they were ready to buy. They want to be close to the grandkids, but not too close, so they wanted to look around in Aiken County first, and maybe take a hard look at North Augusta later.

So let’s take a stream-of-consciousness look at how we would do that search today.

The best way to begin is probably with the county search, selecting Aiken County, a price range of $175,000 - $225,000, and a minimum square footage of 2000 sq ft. The MLS search defaults to residential (although they could search for land & lots, and build their own house if they can’t find anything they like, but that’s another blog article.) That particular search yields 43 homes! Wow, that’s quite a lot to sift through. But as it turns out, a number of the homes for sale are located in Graniteville or Aiken. Nothing wrong with those places, but that may be a bit far to drive to visit the grandkids. Maybe we should narrow the search to North Augusta after all.

For now let’s put that Aiken County search in our saved searches list. Yes you can do that here…and those searches update nightly, so you don’t have to redo all that typing when you check the listings tomorrow!

This time let’s try the city search. We select North Augusta, again using a price range of $175,000 - $225,000, and a minimum square footage of 2000 sq ft, and see what we get. Hmm. 24 results this time. We’ve chopped the list in half, but that’s still a healthy list to sift through. But wait a minute, we want a home office to check our investments, and a spare bedroom for the guests, and we need a spare room for the grandkids when they sleep over. We know we need at least a 4-bedroom home, and there are a number of 3-bedroom homes in our search results.

Let’s hit that city search again, but select the at least 4-bedrooms option. That’s it! We’re down to 15 homes with our specifications. This is a great search to save in our favorites. Now we can drill down on the details of each of these and print out some flyers. While we are it, we can map each of the houses we like, and plan to do a drive-by on Sunday after church. Houses may look good on the website, but sometimes if we go through the neighborhood, we find out the curb appeal is not what were hoping for, so we will almost surely knock a few more off the list.

Typical home for sale flyer on northofthesavannah.com

Another thing we can do while we are here is check out the golf communities. Gramps mentioned he likes to play golf on Wednesdays. We can use the neighborhood search and check out Midland Valley Golf Club and the homes for sale in River Club. Unfortunately it turns out that no homes are listed in Midland Valley, and the one home for sale in River Club is well out of our price range. That’s OK, we can also check out North Augusta Country Club. There isn’t really a neighborhood search available for that, but we can use the map search to hunt around. Turns out, a couple of listings on our original list are very near the River Club. And there is also a house on our list near the North Augusta Country Club. Great!

Typical home listing details on www.northofthesavannah.com

Now we have three homes that offer convenient golfing in addition to meeting all of our original specifications. Those are definitely some houses to save in our favorite listings list. The only thing thing these home buyers would have left to do is contact Lydia Taylor and buy some Elegant Real Estate!

I hope this write-up encouraged you to check out the home listings search I have here on my website. I’ve spent a lot of time designing it, developing it, and, well, paying for it (!). If you have any questions at all about how to use the search here, or have some suggestions on how to improve it, please let me know. I am available anytime to help you in your search for the perfect home.

Augusta Real Estate Market Report - August 20, 2007

Lydia Taylor August 20th, 2007

The numbers for Augusta area homes for sale in my MLS database today indicate the market is staying static for the moment. The figures in parentheses show the 7-day changes. Generally all areas are down slightly for listings, except for the Richmond County/Augusta area which showed a slight uptick.

In my opinion we want to see these numbers continue to shrink. There is a large amount of inventory on the market right now- which means it’s a buyers market if you can secure the financing. Unfortunately, sellers continue to suffer holding costs as it is taking a slightly longer time for the average home to sell.  Still, the Augusta market has been less affected than most for the national real estate slowdown.  Expect your average home listing to stay on the market 30-40 days.

Richmond County: 1507 (+32)
Columbia County: 1175 (down 8 )

Aiken County: 500 (down 16)
Edgefield County: 61 (+2)

Augusta, Georgia: 1173 (+30)
Evans, Georgia: 455 (down 12)

North Augusta, South Carolina: 291 (no change)
Aiken, South Carolina: 109 (down 6)

These numbers are for residential real estate (homes for sale). This data does not include commercial listings, lots and land, or multi-family housing.

Market Report - August 13, 2007

Lydia Taylor August 13th, 2007

Here are the numbers for Augusta area homes for sale in my MLS database for today. These numbers are for residential real estate (homes for sale).  This data does not include commercial listings, lots and land, or multi-family housing.

Richmond County: 1539
Columbia County: 1167

Aiken County: 484
Edgefield County: 63

Augusta, Georgia: 1203
Evans, Georgia: 443

North Augusta, South Carolina: 291
Aiken, South Carolina: 103

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