Uncategorised - Purvis Realty Group

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"My wife and I had a beautiful tract of land with an unusual but very functional house that was energy efficient, private, storm proof, and secure. Our dilemma was that we found it difficult to sell a 129 acre tract of land with an unusual house in the center of it. I met with Nathan and expressed our concerns. He listened intently, made suggestions with the help of a land planner, and we were an instant team! Nathan was available, responsive, and always willing to consult with me on any concern. He was confident but never pushy and kept us up to date on his progress. From the day I met with him until the final closing was only 168 days. I highly recommend Nathan's professionalism and his team for the sale of your real estate."
- Rick Breedlove

"Susan was a delight to work with. Through this long 7 month process, Susan remained positive & professional. Whether we were looking at a house in Jefferson, Watkinsville, Monroe or Mansfield, Susan always remained pleasant and upbeat. Her willingness to go above and beyond to ensure we were satisfied, is a true testament to her strong work ethic. It was a real pleasure working with her. If we ever have real estate needs in the future, she will be the first person we reach out to. My whole family loved her as much as my husband and I did. We have recommended her to our daughter, as well. We wish her continued success in the future."
- Mike & Chris Schaper

"Nathan is very knowledgeable of both the Commercial and Residential GA Real Estate Market.. He was extremely resourceful and 100% open about all aspects of our deal, ensuring a fair price met for all parties involved. He is a straight shooter, which is refreshing in the Real Estate Realm. His network is extensive and can address any problem with a simple phone call. Highly recommended."
- James

"Nathan sold two homes for me just recently. Both had unique challenges to overcome and Nathan's knowledge of the local market, relationships, and overall expertise were instrumental in both sales. Pleasure to work with."
- Steven Hallecko

"I've had several opportunities to work with Nathan, both buying and selling real estate. Nathan's experience and network combined with his knowledge of local properties has not only brought me peace of mind when buying and selling real estate but has also led to several lucrative opportunities. I highly recommend Nathan to anyone looking for an agent with strong negotiating skills and tons of experience!"
- R. Green

"Nathan was a great asset during my home search in Walton County. He was extremely knowledgeable of the area and was able to work closely with the various realtors to ensure we were able to see the homes we wished while on a tight schedule to find a house. I would highly recommend Nathan to anyone looking to be represented in their next home purchase/sale."
- C.J. Brinkley

"I found Nathan to be honest with his assessment of my property value and I found him to be very knowledgeable of the market. He has worked hard to sell my land at a fair price and keeps in touch regularly. He is always available to answer any questions I have. He has a strong working relationship with other professionals, including foresters, bankers, attorneys and other specialists. I would strongly recommend him to anyone who needs a real estate professional they can trust."
- Monroe GA Buyer

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SELLING YOUR HOUSE?

Pre-Qualification: Meet with a mortgage broker and find out how much you can afford to pay for a home

» Pre-Approval: While knowing how much you can afford is the first step, sellers will be much more receptive to potential buyers who have been pre-approved. You’ll also avoid being disappointed when going after homes that are out of your price range. With Pre-Approval, the buyer actually applies for a mortgage and receives a commitment in writing from a lender. This way, assuming the home you’re interested in is at or under the amount you are pre-qualified for, the seller knows immediately that you are a serious buyer for that property. Costs for pre-approval are generally nominal and lenders will usually permit you to pay them when you close your loan.

» List of Needs & Wants: Make 2 lists. The first should include items you must have (i.e., the number of bedrooms you need for the size of your family, a one-story house if accessibility is a factor, etc.). The second list is your wishes, things you would like to have (pool, den, etc.) but that are not absolutely necessary. Realistically for first-time buyers, you probably will not get everything on your wish list, but it will keep you on track for what you are looking for.

» Representation by a Professional: Consider hiring your own real estate agent, one who is working for you, the buyer, not the seller.

» Focus & Organization: In a convenient location, keep handy the items that will assist you in maximizing your home search efforts. Such items may include:

One or more detailed maps with your areas of interest highlighted.
A file of the properties that your agent has shown to you, along with ads you have cut out from the newspaper.
Paper and pen, for taking notes as you search.
Instant or video camera to help refresh your memory on individual properties, especially if you are attending a series of showings.
Location: Look at a potential property as if you are the seller. Would a prospective buyer find it attractive based on school district, crime rate, proximity to positive (shopping, parks, freeway access) and negative (abandoned properties, garbage dump, source of noise) features of the area?

» Visualize the house empty & with your decor: Are the rooms laid out to fit your needs? Is there enough light?

» Be Objective: Instead of thinking with your heart when you find a home, think with your head. Does this home really meet your needs? There are many houses on the market, so don’t make a hurried decision that you may regret later.

» Be Thorough: A few extra dollars well spent now may save you big expenses in the long run. Don’t forget such essentials as:

Include inspection & mortgage contingencies in your written offer.
Have the property inspected by a professional inspector.
Request a second walk-through to take place within 24 hours of closing.
You want to check to see that no changes have been made that were not agreed on (i.e., a nice chandelier that you assumed came with the sale having been replaced by a cheap ceiling light).

All the above may seem rather overwhelming. That is why having a professional represent you and keep track of all the details for you is highly recommended. Please email me or call me directly to discuss any of these matters in further detail.

+ - BUYING A HOME? Click to collapse

Pre-qualify with a lender – Being pre-qualified alleviates stress and allows you to be prepared to make an offer when you do find your dream home. It gives the seller assurance that you can afford the home and are a credible buyer
Meet with Agent
- Determine time frame and price range on future home
- Discuss and decide on other home search criteria (schools, location, etc.)
- Set up tours
Make offer
- Contract negotiations
- Offer Acceptance
Mortgage Application
Inspection Period
- Home Inspection
- Contingencies to be met
Mortgage approval
Closing
- Closing attorney selected
- Pre-closing walk through date set
- Closing Date set
Contact utilities/termite inspection
Pre-closing walk through
Closing
Move into your new home!

+ - INVESTING? Click to collapse

Purvis Realty Group also specializes in office, industrial, retail and land investment sales. Nathan, Susan and Mike have years of experience working with investors and will work closely with you to determine which property best suits your needs. As a first time investor:

Understand the different property types and their cash flow as well as maintenance.
Work with Agent to determine location and other property criteria. Location is critical. If the location of the property is not in demand, more than likely finding tenants or developers will be difficult and result in vacancies or undeveloped lots.
Analyze comparables in the area, including researching future development. Otherwise known as “comps,” these assets refer to prices paid for recently sold properties and helps determine market value.
Underwriting- Carefully analyzing all expenses, as well as calculating these formulas is essential to determining the return the property will produce:
- Net Operating Income: Revenue minus operating expenses
- Cap Rate: Ratio of net operating income to property asset value.
- Cash On Cash: Rate of return when relying on financing to purchase their property.
Market Research – Is the market in this location moving toward growth or decline?

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