February 2019

What's Going On In February?

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As Housing Costs Remain High, Parents Buy Homes To Give Their Kids A Leg Up

As home prices have risen, especially in large cities, the idea of co-buying where multiple, non-married buyers are listed on the deed has become increasingly common, according to real-estate data firm Attom Data Solutions. For example, in San Jose, California, 49.3% of all housing sales involved co-buyers as of the second quarter of 2018, according to Attom. Many of these transactions involve parents helping their kids buy a home. Other ways parents are helping out:
  • Rather than selling their over-large homes, baby-boomers are holding onto those homes and renting or selling them to their adult kids.
  • Parents are contributing to their adult children's rent or mortgage, either outright, or in exchange for services, such as elder care.
  • Parents are buying homes outright for their adult children. (Handy parents to have.)

Fascinating Facts!

Clouds are really heavy: Clouds are not as light and fluffy as they appear. In fact, one cloud weighs 1.1 million pounds, according to researchers. How do they know? That’s calculated by taking the water density of a cloud and multiplying it by its volume. And the reason why it “floats” at that weight is because the air below it is even heavier.

One-quarter of all your bones are in your feet: There are 26 bones and 33 joints in each foot. That’s 52 bones in both feet, out of 206 total bones in your whole body. All those bones and joints allow your feet to absorb and release energy efficiently.

It would only take one hour to drive to space: If you got into your car, turned on the ignition and drove up at 60 mph, it would only take one hour to get to outer space, says astronomer Fred Hoyle. Of
course, you'd need a Tesla to do it in style!

The Cabinets of Curiosities: Part Museum, Part Slideshow

Cabinets of curiosities, were popular in Europe between the 1500's and 1800's. Since the term 'cabinet' at that time referred to a room rather than a piece of furniture, cabinets of curiosities were rooms full of curious artifacts. The artifacts included relics and objects from natural history (sometimes faked), ethnography, archaeology, geology, and religion (also sometimes faked).

The most similar thing we have today might be Ripley's Believe It or Not attractions in popular tourist destinations.

Spring Is Coming!!
Contact me for a listing appointment to get your home ready for the busy real estate season. 2019 is already shaping up to be a promising real estate year!

Let's Get Your Home Sold In 2019!
(404) 913-3030


Atlanta's February Average Mortgage Rates

Program Rate 1W Change APR 1W Change
30-Year Fixed Rate 4.32% 0.03 % 4.40% 0.01%
20-Year Fixed Rate 4.24 % 0.06% 4.32 % 0.05%
15-Year Fixed Rate 3.73 % 0.01% 3.86% 0.01%
10-Year Fixed Rate 3.80% 0.09% 4.05% 0.16%
7/1 ARM 4.25% 0.22% 4.89% 0.14 %
5/1 ARM 4.03% 0.00% 4.90% 0.00%
3/1 ARM 3.83% 0.00 % 5.05 % 0.00%

"I Think My House Is Worth More
Than What You're Telling Me"

It makes perfect sense that a home owner would have their own ideas about how much their home is worth. They've probably spent a while doing their own research. By the time they start interviewing listing agents, they already have an expectation about price.

Then the real estate agent comes along and uses comparable properties to evaluate the likely price of the home as objectively as possible. But an agent hasn't lived in the home and may not be able to see its value from the seller's perspective. That's why it's important to have a dialog with the agent about why they came up with that price and why you came up with your price. Together, you can develop a pricing strategy that makes sense to you.

If you're selling your home this spring, call me for a listing consultation as far
ahead as possible.

Vacant Lot!
0 Dimmock Street
Atlanta, GA

Don't miss this opportunity to build in Oakland City area! Minutes from Beltline, shopping and downtown. Lot has easement for rear access. See signs at road near access location. Bring all offers.

Thank You Friends!

Thank you to all my friends who've trusted me to help them and their friends, family, & co-workers. I hope you feel comfortable introducing me to the people you care about. I'll make extra sure that they thank you for the referral.
Have you been thinking about selling your home in 2019, but need repairs done first?

Estate Solutions LLC is ready to assist with home renovations, storm repairs or even new construction. Owned by real estate agent Dexter Williams, Estate Solutions LLC can assist you every step of the way - providing not only home repairs but also all of your real estate services to get your home sold!

Interested? Give us a call today at 404-913-3030 or visit us at www.EST8Solutions.com.

Your First Home is the Foundation to Wealth!

Free 1st Time Buyer Consultations

I love working with first—or even second and third—time buyers, guiding them and patiently helping them buy in the right way to protect their future investment. If you know someone buying their first home, please give them my number or email (or even betterjust forward this newsletter to them!). I’ll make sure they get started with the best home for their financial future.

(404) 913-3030

Four Clever Kid Hacks For Parents

  1. Make a table-top hammock for the little ones by tying a sheet all the way around a small table.
  2. Get the kids do chores in a snap by changing the wifi password, then giving it to them when chores are done.
  3. Stinky kicks? A dry tea bag in the shoes will help reduce the smell.
  4. Kids won't eat brown apple slices? Preserve the slices and give the kids a little fun at the same time by rubber-banding the sliced apple back together.

Funny Facts:

Someone Tried To Sell New Zealand On eBay

Some odd things have been sold on eBay, from a grilled cheese sandwich with the face of the Virgin Mary to Justin Timberlake’s half-eaten French toast. But one of the strangest listings ever had to be for the country of New Zealand. That’s right: A man from Brisbane, Australia tried to sell New Zealand off on eBay in 2006.

The listing described the country as “the dodgiest American Cup win ever” and said it has “very ordinary weather.” Despite those selling points, the ridiculous auction gained a ton of interest. The starting bid was one cent and after 6,000 hits and 22 bids, the selling price for New Zealand climbed all the way to $3,000.

Eventually, eBay caught wind of the auction and pulled it from its site. “Clearly New Zealand is not for sale,” a spokesperson for eBay Australia said at the time.

February Quiz Question

From what festival did the month of February get its name?
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Dexter Williams

Chapman Hall Realtors
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