CBT Realty - Savannah | Beaufort | Bluffton | Hilton Head Island

Waterfront Properties

2009-06-02T08:41:00.002-04:00

7 Bluff Drive - $2,875,000
504 East Bay - $3,250,000
67 Bluff Drive - $3,500,000
42 East Bay - $1,185,0000
707 Railwood - $1,675,000
11 Wylly Island Drive - $1,600,000
6 East View Lane - $850,000
1809 Chatham Avenue - $2,400,000
33 Modena Island Drive - $1,950,000
25 Officers Row - $1,315,000
15 Grimball River Road - $2,199,000
7 Little Comfort - $2,700,000

Fairway Oaks is 1st Mid-Modern Neighborhood Listed on National Register

2009-05-14T15:28:00.004-04:00

Fairway Oaks, a midtown neighborhood, has been officially approved by the National Register as "the first Mid-Modern subdivsion listed in the National Register in the state of Georgia."

Fairway Oaks was the first mid-20th-century suburban residential development to break with Savannah's 200 year-old tradition of laying out neighborhoods in a grid plan based on General Oglethorpe's original 1733 plan by using a curvilinear street layout with cul-de-sacs.

If you are interested in Savannah's Mid-20th-Century neighborhoods please contact us as we have an agent dedicated to selling Mid-Modern subdivisions! 912 233 6000.

Port Royal, SC voted Top 10 America's Coolest Small Towns

2009-04-16T09:31:00.006-04:00

Budget Travel's readers voted on America's Coolest Small Towns (announced on CBS's Early Show on April 15)and Port Royal, SC was voted in the Top 10!

And, you may ask, "Well, what were qualifications to become one of America's Coolest Small Towns?" Here's what they looked for...

...population of less than 10,000
...town must be on an upswing and beginning to draw attention AND new residents because of...
...quality of life!
...arts and restaurant scene!
...proximity to nature!
...edgy - think avant-garde galleries not country stores!

Lucky for you Cora Bett Thomas Realty has amazing listings in Port Royal, SC! Click here a take a look!

Click here for Budget Travel's full story on America's Coolest Small Towns.

30-Year Fixed Rates Fall to Record Low!

2009-04-07T09:48:00.005-04:00

If you were ever wondering when the best time to buy was, ponder no more! THE TIME TO BUY IS NOW!

30-year fixed rates have reached a record low at 4.78%!

Contact Cora Bett Thomas Realty TODAY to find your perfect home. Visit us in Savannah, GA (912 233 6000), Bluffton / Hilton Head Island, SC (843 757 6002) and Beaufort, SC (843 525 1100) or www.CoraBettThomas.com where you can search for homes on THREE MLS's!

CLICK to read the entire article in The Washington Post!

Cora Bett Thomas Realty Wins Recognition in Luxury Real Estate Marketing Contest

2009-04-06T11:17:00.002-04:00

- Recognition earned for First Place - Websites in international marketing contest -

Cora Bett Thomas Realty & Associates earned distinction in the Luxury Portfolio Fine Property Collection® Marketing Contest, held in conjunction with the Luxury Portfolio Workshop, March 25-26 at the Westin Kierland Resort & Spa in Scottsdale.

The award-winning internet eBlast in the website category was chosen based on professionalism of design, effectiveness in addressing the luxury audience and overall presentation. Cora Bett Thomas Realty was given the award at the Luxury Portfolio Awards Luncheon, where the network’s achievement awards were presented.

“The companies affiliated with Luxury Portfolio are renowned for their expertise in marketing luxury homes,” notes Paul Boomsma, president of Luxury Portfolio. “To earn distinction among this group is a significant honor, and I salute Cora Bett Thomas Realty for their achievement.”

Launched in 2005, Luxury Portfolio Fine Property Collection® has grown to include over 15,000 of the world’s most remarkable properties and attracts over 1.2 million high-net-worth visitors a year. The first to promote luxury properties in multiple languages and currencies, Luxury Portfolio is unmatched in the global arena, with members in 17 countries and website visitors from over 200 countries every month. The site’s total inventory of available properties exceeds $35 billion. Please visit http://corabettthomas.luxuryportfolio.com/cobranded.cfm for luxury homes and luxury homes for sale throughout the world.

For more information about Cora Bett Thomas Realty, please visit www.CoraBettThomas.com.

Jumbo Loan Ceiling Up!

2009-04-02T13:42:00.003-04:00

This is great news so it's worth repeating! The ceiling for jumbo loans is UP from $417,000 to $625,500 according to the March 21, 2009 article by Kenneth R. Harney in The Washington Post.

To read the full article click here!

Leaders in Luxury Real Estate JOIN Forces

2009-04-01T11:41:00.003-04:00

Cora Bett Thomas Realty & Associates dominates the luxury residential and commercial real estate market along the Georgia and South Carolina coast, with offices based in Savannah, Ga. and Bluffton and Beaufort, S.C. Founder and CEO, Cora Bett Thomas is proud to announce the merger with another preeminent luxury firm, Town & Country Real Estate, which is located in Beaufort, SC., “the crown jewel of the sea islands.” Combining their expertise and services, under the leadership of Cora Bett Thomas, the companies will operate as Cora Bett Thomas and Associates.

Town & Country Real Estate was founded in 1995 and covers Beaufort, Fripp Island, Harbor Island, Beaufort County, and in many of the surrounding areas of the South Carolina Lowcountry offering residential, land, and resort real estate sales as well as vacation, commercial and investment opportunities.

Cora Bett Thomas Realty and Town & Country’s merger comes at a time when many are departing the real estate industry. Thomas believes this is the opportunity for the real estate profession and real agents to embrace even higher professional standards and deeper levels of education. A superior level of customer service has always been of upmost importance to both firms. Continuing in that tradition and through the strong international affiliations of Cora Bett Thomas Realty, such as London based Mayfair International, and Who's who in Luxury Real Estate, The Board of Regents, Leading Real Estate Companies of the World, and Luxury Portfolio, among others, will continue to attract an elite clientele to the Lowcountry.

“Town & Country Real Estate has long been known for its excellence in serving the needs of Buyers and Sellers in the unique Lowcountry market,” said Cora Bett Thomas. "We are thrilled about the integration of both of our outstanding firms. This positions Cora Bett Thomas Realty & Associates as the dominant residential and commercial real estate firm along the Creative Coast of Georgia and South Carolina - with profound expertise, service levels, and integrity that simply cannot be matched by any other company."

Cora Bett Thomas Realty remains on the cutting edge of technology and fully recognizes the powerful role the Internet plays in today’s real estate transactions. CoraBettThomas.com promotes listings in all price points to nearly 1000 other websites worldwide. With this merger, Town and Country clients will now benefit from the global exposure that CoraBettThomas.com provides Buyers and Sellers. “Today, more than ever,” says Thomas, “it is critical to search for Buyers in all parts of the world, not just locally. Our strategic partnerships provide this extraordinary opportunity.“

“This is an exciting time to become a part of Cora Bett Thomas Realty & Associates,” said Matt McAlhaney, an owner of Town & Country Real Estate. “Cora Bett Thomas Realty’s professionalism, operations, technology infrastructure and entrepreneurial force are an ideal match to our rich history and the unyielding tradition of quality that has served our loyal customers for so long."

McAlhaney added, “There is no better equipped agency to assist Sellers and Buyers in meeting the demands of today’s challenging market and our decision to join this powerhouse of a company illustrates our ongoing commitment to maintaining a competitive edge and to serving the needs of our community.”

Bill Anderson, an owner of Town & Country Real Estate concluded, “Our clients and our sales associates will all benefit from the synergy generated by this merger.”

Opportunity Knocks

2009-03-20T12:28:00.001-04:00

There are some desperate sellers out there, but perhaps none so desperate as banks. That's right - banks that own foreclosed properties are anxious to get them off their hands. After all, their business is lending, not property management.

If you are pondering the purchase of such an "REO," or Real Estate Owned property, how do you find one, and then determine if it's the right buy for you? Banks work almost exclusively with real estate professionals, so your best bet is to begin your search at your trusted local agent's office.

Chances are the broker will have a list of REOs to suit your needs and budget. While banks don't usually price these properties much above what they're willing to finally accept, lower offers on these listings stand an excellent chance for consideration.

Look for houses that have been listed for more than 90 days, and offer somewhere between ten to twenty percent below the asking price. However, do be aware of potential hidden costs associated with foreclosed properties.

Owners who vacate a foreclosed home may have left plenty behind in need of repair. Be sure to perform a thorough inspection - with electrical and gas systems operating - and ask your real estate representative to factor repair costs into your offer. If you're smart, it's a real buyer's market, but only if you buy!

Time For a House Call

2009-03-13T17:28:00.001-04:00

A real estate professional recently coined the term "Price Denial Syndrome," a troublesome condition that afflicts sellers having a hard time facing the realities of today's markets. Of course it’s difficult to make a pricing concession, but an overpriced home simply will not sell.

Perhaps the sellers argue that they really need the money, but then they have to ask themselves what they'll do for money if the home doesn't sell. Maybe they figure that they can shoot for the moon now and reduce the price later if they must. However, the longer a property remains unsold, the more likely it is that even more price reductions will follow. Then it’s taken even longer to get a sale at a lower price.

Some sellers might suggest trying a higher price just for the first two weeks, but that's when the interest of serious buyers is always greatest. Those buyers usually look within a certain range, and won't even make an offer at all on an overpriced property.

Most importantly, if the sellers need to buy another home, time is of the essence. If the sale takes too long, they'll be buying at a time when prices and interest rates may begin climbing again.

If you're suffering from PDS, pay attention to the news, review your home's Competitive Market Analysis, and call me in the morning!

The New Math

2009-03-06T16:24:00.002-05:00

A “new” solution to the "gloom and doom" scenarios is on the horizon, and it's called "cause and effect." Just as home prices have fallen in many markets, buyers are responding strongly to the stimulus.

Like today's stock market provides excellent opportunities for investors in it "for the long haul," so too does today's real estate climate appeal to buyers with long-term expectations. And, the more buyers take advantage of current conditions, the more prices will eventually begin rising again.

That is due to a number of reasons, one being the subsequent drop in inventories, and another being the rising cost of new construction. So, those markets where home prices have dropped the most are experiencing a rise in the level of home sales taking place.

Areas where buyers are entering the fray again are well poised for recovery, and it's possible that the prices are finally bottoming out. The recently enacted housing stimulus bill is helping too, as over two million first-time buyers are predicted to take advantage of the new tax credit.

In 2009, those markets with affordable housing combined with healthy local economies will continue to see growth. Cause and effect is already in action, and you should be, too. Consult with a financial advisor and a local real estate agent to get the best results from this new but age-old formula.

Red Bluff Plantation

2009-02-27T10:15:00.006-05:00

Red Bluff Plantation, located on the New River in South Carolina, yet only 15 minutes driving time from Savannah or Palmetto Bluff, is an historic Lowcountry example of irreplaceable quality. Its unsurpassed long vistas of river, marsh and hammocks, a fabulous main house, hunting amenities and infrastructure, combined with pedigreed authenticity make Red Bluff Plantation the most unique and rare gem on the Atlantic Seaboard.

Click here for more details on this amazing property.

Low Offers: Prevention is the Cure

2009-02-26T11:37:00.001-05:00

It takes an innovative marketing plan to cause a home to sell, but to attract serious buyers, it must also be priced fairly. What else must be done to successfully sell your home?

Buyers are in search of their dream home. If priced reasonably, they will purchase the home that best reflects their idea of that dream, and it’s the sellers who are in charge of making it happen.

Experience has shown that buyers often reduce their offers by as much as $2 for every $1 in uncompleted repairs. Sellers won't have to face those disappointing offers if attention is given to their home before it is ever shown.

The best method for improving buyer appeal is a "walk-through" by the sellers' real estate agent. The agent plays the part of a prospective buyer, and then suggests upgrades, repairs, and cosmetic improvements.

Then the sellers should complete all the work before the home is placed on the market. Neither a prospective buyer, nor another agent, should ever see the home until it is in 100% marketable condition.

Excuses made at a showing are an open invitation to a reduced price. When a buyer is disappointed, no explanation will suffice to bring the price back up. When selling, ask your agent for advice, and then take action. Buyers will often compete for such a good value.

Fast Acting Relief

2009-02-23T09:25:00.000-05:00

Our federal government passed the First-time Home Buyer Tax Credit last summer, giving buyers reason to get off the fence and into a home. There are just a few requirements, the first being that you haven't owned a home in at least three years.

If so, and you bought a primary residence in the United States last year after April 9, you may claim a credit of up to $7,500 on your 2008 tax return. If you plan to buy this year, then act quickly, because you'll need to purchase by July 1 to make the claim on your 2009 return.

The credit is figured as ten percent of the home's cost, up to the maximum of $7,500, if your individual income is less than $75,000 or household income is less than $150,000. At slightly higher incomes, you may claim the credit at a reduced percentage.

Keep in mind that this is not a "bailout," and in order to be cost effective for taxpayers, this credit must be paid back in very small increments over fifteen years, but not beginning until 2011. Basically, it's an interest-free loan for a fifteen-year term.

This incentive, combined with low rates, large inventories, and affordable prices, should put a home purchase well within your grasp. Get more details from a trusted real estate agent and begin your search today!

A More Profitable Alternative

2009-02-16T09:28:00.002-05:00

You’ve probably heard the term "reverse mortgage," which refers to a loan that allows homeowners aged 62 and older to tap the equity in their home, without repaying it. This has become an increasingly popular way for retirees to generate extra income for living expenses and paying off debt.

However, high fees and aggressive sales tactics prompted the Senate Special Committee on Aging to recently issue an investor alert. The intention behind the warning is not to discourage reverse mortgages, but rather to encourage homeowners to make sure it's the right loan product for them.

The biggest downside to such an agreement is that the up-front costs for application, legal fees, document recording, and loan origination fees can sometimes top 10% of the loan's value. For this reason, the federal government requires meeting with a financial counselor prior to applying for a reverse mortgage, helping ensure that it's the best loan product for your situation.

In addition to a financial advisor, you are strongly encouraged to consult with a local real estate agent. Simply put, you might generate more income by selling your home and moving to a less expensive one, directly pocketing the equity you've worked so hard to build over the years. An agent can compare your home's value to other attractive properties on the market, and guide you to a profitable conclusion!

Why We Saved Fannie and Freddie

2009-02-06T09:31:00.001-05:00

Fannie Mae and Freddie Mac - who or what are these entities, and why are they mentioned so often when discussing the current mortgage crunch? These two organizations either own or guarantee nearly half of all outstanding home loans. That's over twelve trillion in debt (that's a 12 followed by 12 zeros, or twelve million million dollars)!

So maybe you can see why the government took over and began overseeing their operations, bringing stability and continued liquidity to the national mortgage market. Both companies are placed in a government conservatorship, with the Fed taking up to an 80% stake. Progress is reviewed each quarter, and money injected into operations as needed.

Since the government is now explicitly backing the loans, the market for these securities is more like that for Treasuries, which lowers rates and benefits the real estate industry enormously.

Lower rates encourage more investors to return to the market. As that happens, rates continue to drop, and more funds go into the lending machine, further encouraging buyers to apply for financing. The result is increased housing sales, which helps to stabilize home prices.

As these companies and the Federal Housing Finance Agency plan a massive overhaul of operations, you can be assured that agents and the National Association of REALTORS® will provide feedback and help shape a better future for our housing industry.

USA Today :: Bluffton, SC Old World Charms, New World Bargains

2009-01-30T15:05:00.005-05:00

USA Today announced Bluffton, SC is the place to buy... and we agree! Whether it is a second home or a primary home, Bluffton offers a diverse selection of planned communities.

Click here to read full article in USA Today!

Ask Some Powerful Questions

2009-01-23T12:50:00.001-05:00

A home's electrical system is its bloodstream, and when you’re buying, you want to know that the flow is strong and safe. While an inspection should be required in your offer, knowing just a couple basics will help you in making your choice.

Recently built homes have 220-volt service, meaning two 110-volt wires run into the house, below or above ground. Large appliances need that power, and you should pay attention if you're looking at an older home that hasn't been upgraded yet. Get an estimate from an electrician before moving forward.

Important question: “Where is the main panel, and does it contain fuses or circuit breakers?" Both cut the flow of electricity when the system overloads, but in very different ways. Circuit breakers are more convenient, because they just need to be flipped back on when they "trip," but fuses found in older homes have to be replaced when they "blow."

Looking at a pre-1960’s home? Ask if the main panel has been upgraded to accommodate breakers instead of fuses. And, if you're buying a very large house, or want to renovate an older one, make sure the panel can handle 200 amps for all your appliances and electronics.

Any electrical system can be upgraded, but consult with your agent and an electrician before making any purchase or improvement decisions. You've got the power!

Have an Escape Plan

2009-01-15T11:08:00.002-05:00

Selling a home has its challenges, some of which go beyond the obvious aspects of determining an asking price and developing a marketing plan. Just trying to keep your home in immaculate condition while living there is no mean feat, not to mention being prepared for showings at any given moment. However, experience proves that there are some basic steps to take to alleviate these stresses.

First, be prepared with a large plastic storage tub for each room. When an agent and buyers are on their way for a showing, quickly unclutter each room by placing toys, personal items, and knick-knacks in the tubs and putting them in the closet. Then it's easy to replace everything once your visitors have left.

Also have your "escape plan" determined. Decide in advance where you’ll run off to for thirty minutes while your home is being shown. Maybe you'll go down to the park or the local coffee shop, but it helps to know where you'll go before you hop in the car and start driving around aimlessly waiting for prospective buyers to clear out of your home.

Finally, and perhaps most importantly, be flexible in your scheduling, as restrictions on your home’s availability can make marketing the home difficult for your representative. With a little preparation, you can be ready for anything, particularly that full price offer!

Looking for the Invisible

2009-01-09T08:54:00.002-05:00

When you hear the term "home inspection," you're likely to think of the electrical system, plumbing, roof and foundation, and smaller items like cracked windows or drafty doors. However, it's the elements in the home that cannot be seen that demand special attention on the part of buyers and sellers and the inspector they choose.

First, there's radon, a colorless and odorless gas that seeps up from the ground and has been labeled as a cause of cancer. Any home, but particularly those with basements, should be tested for high levels of this gas.

Next is asbestos, a fibrous material once used for insulation, but banned in 1985. Homes built before then should be tested, and care should be exercised not to disturb this material when remodeling these older homes.

Another threat is lead, a toxic metal that was widely used in paint, pipes, and other materials. Any home built before 1978 should be tested for its presence, and any lender offering HUD-insured mortgages will require a lead-safe certification for these older structures.

Another culprit is groundwater contamination, a particular concern for homes with older septic systems or underground oil tanks, or homes near industrial facilities. Also search for hazardous products stored in and around the home, making certain that they are removed before transfer of the property to new owners. Be smart and be safe!

Pause for Paws

2008-12-30T10:37:00.003-05:00

With millions of dogs and cats as members of American families, there’s a good chance that you've got pets sharing the home you're trying to sell. Since not everyone enjoys the company of animals, there are some measures you should consider taking before prospective buyers come over for a showing.

Pet odors are the biggest problem sellers face, but they can be easily minimized with thorough cleaning and vacuuming, and vigilant duty with the litter boxes. Black lights are available that help you to pinpoint the origin of any mysterious smells. It also makes a good impression if you pick up and store toys, bedding, and food and water bowls while your home is being shown to buyers.

If at all possible, take your dog(s) out with you when an agent brings visitors, or ask a friend or family member to keep your pet during the initial listing period. This will help reduce the stress on your pet at a time when showings are usually more frequent.

Another way to put buyers more at ease with their purchase is to offer a cleaning credit or allowance. Even if you're certain you'll remove all evidence of your beloved pets before vacating your home, the buyers may not share your confidence.

Why not offer these gestures of good will, thereby encouraging a better offer from the buyers?

CBTR Gives Back to the Community Through SAFE Shelter

2008-12-23T15:04:00.003-05:00

Savannah, GA—The time between Thanksgiving and Christmas is when most people are on the hunt trying to find the best toy or the hottest gaming system. However for others in our community, this time of the year can cause stress and worry. The agents at Cora Bett Thomas Realty wanted to help those in need and contacted the Safe Shelter to adopt a family of four.

Even though the real estate market has been hit hard by the economic recession, the agents and staff at the luxury real estate firm continued a more than ten-year tradition. They put on their elf hats to fulfill the items on the family’s Christmas list by donating gifts, time, and money. The office celebrated the abundance of giving by hosting a wrapping party on Tuesday, December 16.

“We love being able to bring a smile to the faces of a family in need during the holiday season,” said Meg Albertson, Vice President of Marketing. “It’s so rewarding to give back to our neighbors in Savannah. We hope our gifts will help make this family’s Christmas even brighter.”

Cora Bett Thomas Realty has supported SAFE Shelter’s Adopt-A-Family program, which assists families affected by domestic violence by providing gifts and gift certificates during the holiday season. It is a wonderful tradition that the company looks forward to year after year.

CLICK here to see the video about the SAFE Shelter family.

Keep the Horse Before the Cart

2008-12-23T12:18:00.002-05:00

While many buyers are aware that a mortgage pre-approval letter increases their buying confidence and power, most may not understand exactly why pre-approval is so important. Why should you jump through the application hoops before even beginning your home search?

First, you'll know exactly how much loan you can afford, making your initial home search much easier. Why waste your time looking at homes either out of your reach or well below your financial grasp?

Second, pre-approved buyers stand on solid negotiating ground with sellers. Sellers working with well-qualified buyers are more likely to accept the offer and less likely to stall on terms and conditions.

Notice that the topic of this column is "pre-approval," and not "pre-qualification." What's the difference? Pre-qualification is easy - you provide basic information to a lender, and in a few short minutes, you have an answer. Pre-approval requires strict verification of documentation relating to your employment, credit history, sources of income, etc. It takes more time, but is more accurate and carries more weight.

Understand that pre-approval is not binding, and is still subject to a satisfactory appraisal on the prospective purchase. If your financial situation changes, interest rates rise or fall, or the deadline passes, a recalculation will be necessary; but a little legwork now will pay off handsomely as you approach the finish line on your contract.

The Move of a Lifetime

2008-12-18T14:55:00.001-05:00

If you're in your fifties, sixties or beyond, you may be facing your first move in decades. The process may seem overwhelming, and you may be anxious about the future and the big changes coming up. However, a trusted real estate agent can help with all the steps along the way, especially with selling your home quickly in a competitive market.

If you've occupied your home for ten, twenty or more years, you'll want to enlist family members to get your home market-ready, and prepare for your move. Beyond the cooperation of friends and family, you might also consider a professional "move manager" to help you settle in to your new home.

These experts are well versed in the complexities associated with moving from a "lifetime home" - the preparation involved in staging your home for showings as well as the organization needed to get you moved with a minimum of hassle and confusion. You are in complete control, while they unclutter the house, pack and organize boxes, make the home sparkle, and arrange for moving, shipping, or donating belongings as you direct.

By showing your home in the best possible light, buyers will be able to picture their own families there. Combined with the real estate agent's marketing tools, this formula can provide a quick and profitable sale while you settle into your new residence!

Flex Your Buying Muscle

2008-12-11T13:40:00.001-05:00

Regardless of the causes, most areas around the country are experiencing what is commonly referred to as a "buyer's market." That term might make sellers squirm, but for those purchasing a home, lower prices are just the starting point for negotiation these days.

During the recent "boom" years, buyers often accepted a property "as is," and asked for few concessions, even forgoing inspections and appraisals in an attempt to avoid being dumped for the next qualified buyer in the queue. Now, however, buyers are in the drivers seat and they know it, insisting on a variety of terms in their offers.

The most popular demand now seems to be the "home warranty," whereby the seller purchases a one-year service contract to cover any unexpected system and/or appliance repairs. Of course, this is on top of insisting that sellers pay for all needed repairs exposed by an inspection before closing, or at least an allowance paid to the buyers to cover the expenses.

Just one inspector doesn't seem to be enough, either. Now buyers are looking more closely at lead and radon levels, roofs and foundations, and looking into inspectors who specialize in these areas. Sellers find they need to be more flexible, or the buyers will simply move on to the next seller in the queue. Now is the time to boost your purchase power.

A North American FIRST... Right Here in Savannah!

2008-12-05T11:32:00.003-05:00

Savannah is unveiling North America’s first hybrid streetcar - a fully restored, green-powered 1930’s era streetcar as a matter of fact - in operation in celebration of Local Climate Action Week, which begins on December 8th and runs through the 12th.

Pretty cool stuff Savannah!

Appoint An Equity Guardian

2008-12-05T10:53:00.000-05:00

Planning to sell your home soon? Do you know how much equity you have? When preparing to sell, determine the amount of equity received from the sale - before marketing your home.

Equity is calculated by deducting the amount you currently owe from the present value of the property. The first step is to make a determination of present value. This can be done in two ways.

Ask your real estate agent to perform a "Comparative Market Analysis," showing the recent sale prices of other homes similar to yours. The purpose is to help you arrive at a reasonable selling price for your property. Another way to establish the current value of your home is to order a certified appraisal, an unbiased evaluation of the "fair market value" of your home.

Now, subtract your current loan balance from the present value. What remains is called “equity,” the part you get to keep upon the sale of your home. It should be carefully guarded from low offers and bargain-hunters.

Your best protection against loss of equity is the representative that you choose. It is the agent's responsibility to attract qualified buyers, and negotiate the highest possible sale price. As your representative, the agent has a fiduciary obligation to represent your best interests. The benefit to you is the enjoyment of the highest possible amount of equity.

Savannah Recycles!

2008-12-04T11:31:00.003-05:00

2009 is going to start off with a decidedly "green" foot... YAHOO!!

After many years of negotiation, curbside recycling collection will begin Savannah the week of Jan. 5, 2009. Recyclables will be collected twice monthly on the same day as your regular household waste collection.

Of course, there are a few "rules" that need to be followed to make this project a success but they are the typical do's and don't's of all recycling collections so have no fear!

For more information on the program, visit the City’s website. And keep an eye out for a black and yellow recycling bin, coming to a curbside near you.

It's No Mystery

2008-11-25T15:54:00.001-05:00

You don't need a crystal ball to try to predict the future of the real estate market. Every time there is a downturn, an upward trend always follows. The best course of action is to look at the causes, and make decisions based on unbiased facts and incontestable history.

As the choice of loan options grew these last few years, consumers could buy a home more easily. Wall Street took notice of all the hot action in real estate, and investment firms were able to shift the ownership of mortgages to their managers and clients.

Then about three years ago, the market began cooling, as incomes did not increase at the frantic pace that home prices did. Investors had created an atmosphere of unrealistically high appreciation. The perfect storm was brewing.

This cycle of up and then down seems more drastic now, because we enjoyed a longer than usual boom of activity, a full decade of it between 1995 and 2005. But demand still remains high, and although rising slightly, our historically low interest rates also help to fuel property purchases.

While there is no such thing as a national real estate market, we should be seeing improvement across the board as 2009 draws to a close. If you can, it's wise to buy now - before the ball lands back in the sellers' court.

Raise the Curtains

2008-11-20T15:26:00.002-05:00

If you're selling in anything other than a hot market, you might find "staging" your home can help generate more interest and offers. You needn't spend thousands of dollars on improvements or professional consultants, however. There are several things you can take into your own hands to improve your home's appeal.

Begin by removing scatter rugs and knickknacks, which can clutter a room. In the kitchen, remove all appliances from the counters except the coffee maker and microwave. Set your dining table in a welcoming fashion, with plates, flatware and napkins.

You might be tempted to throw everything into the closets, but buyers will look there, too, so box everything up and place into storage. Focus on the "feature rooms" - the dining and living areas and master bedroom - keeping additional rooms as sparsely furnished as possible. Do your spring cleaning now, scrubbing the walls and floors and shining up those windows.

It has been estimated that one out of four homes listed are "staged," and "The Complete Idiot's Guide to Staging Your Home to Sell" states that you could gain up to $9,000 on a $200,000 house if it's properly presented. You might spend up to $100 per room in time and money, but that's a pretty small investment for that kind of return. Your real estate representative will have even more suggestions.

Time to Make Lemonade

2008-11-13T14:29:00.002-05:00

When one hears the word "foreclosure," images are conjured of families unable to meet their loan commitments, and forced to consider unpleasant options. However, it's not only homeowners that suffer from a foreclosure. Renters can be "out on the street" if their landlord defaults on mortgage payments.

A report from the Mortgage Bankers Association states that nearly 20% of recent foreclosures have been against investors who did not live in the property, and even tenants in good standing face having to vacate the premises if they're renting one of these properties.

Why mention this gloom and doom scenario? Because home values have declined, and buyers are seeing the best deals in many years. While unpleasant for sellers, price declines increase affordability for buyers, so if you've been renting, now is a fantastic time to turn that monthly payment into equity.

Interest rates have inched up, but still-historically low rates combined with very affordable housing yield a formula that should put you in a home that you own for the same amount you are now paying for rent. Not to mention that at a lower purchase price, you'll enjoy some great appreciation over the coming years.

Just because you're renting now, you’re not necessarily safe from suffering the consequences of a foreclosure. Take matters into your own hands and buy yourself some peace of mind.

And Now, The Good News

2008-11-06T16:19:00.002-05:00

Consumer Reports recently published a survey, and the results indicate that there is, in fact, some good news in the real estate industry! While foreclosures and other economic factors still exert some negative impact, those buyers and sellers who have worked with real estate professionals expressed a high degree of satisfaction, both with their representatives and with their bottom line.

Nearly 10,000 consumers were surveyed, and nearly three-quarters of those buyers and sellers reported that they were very or completely satisfied with their agent. More good news: 86 percent of sellers who listed with a professional made the sale! (Many of the remaining percentage still had their homes on the market at the time of the survey.)

Other results showed what all agents already know, because over four-fifths of consumers who listed through a broker netted an average of only $5,000 less than their asking price. On the flip side, two-thirds of buyers who used a representative paid about $5,000 less than their purchase's original listing price. (The remaining third, who negotiated on their own, ended up paying very close to the asking price.)

So what do all these statistics mean to you? Regardless of your market’s conditions, when you face the need to buy or sell your home, you'll get the best results when you seek the representation of a qualified real estate professional!

There is a Difference

2008-10-30T12:07:00.002-04:00

Ever wondered about the meaning of the term real estate "agent?" Many believe the term "agent" and "salesperson" are synonymous, but as the terms relate to real estate, their difference is quite important.

The dictionary defines "agent" as "a person empowered to act for another." A salesperson is defined as "a person employed to sell goods." Although real estate agents are actively involved in sales work, their responsibilities as an "agent" go much further.

Under the "law of agency," an individual may be employed or "empowered" to act on behalf of another. For example, homeowners may employ a real estate company as their "agent" to represent their interests in locating a buyer. Then the "agent" is obligated to faithfully represent the owners' interests by locating a purchaser at the highest possible price, and on favorable terms.

When the agent represents the sellers, only one obligation - honesty - is owed to the other parties to the transaction. In short, when representing the sellers, the agent acts on their behalf, while treating the buyers with complete integrity.

Does that mean buyers should be wary of agents who represent sellers? Not at all. They should, however, be informed about whom the agent is representing.

Can buyers also be represented by an agent? Of course, but any such arrangement should be formalized in writing, including an agreement regarding compensation.

Whether buying or selling a home, it is wise to know who is represented by whom. If in doubt, ask.

Bring It On Home

2008-10-23T13:25:00.003-04:00

Buyers and sellers develop a natural sense of excitement as a transaction's closing date nears. While most aspects should run smoothly, it's wise to be prepared for unexpected delays. Anticipating potential problems before they develop could save untold time and stress.

One pitfall might be the title search. The title is simply legal proof of a property's ownership, but issues such as death, divorce, and liens can cloud the final result. Meet with an attorney to determine and resolve any problems.

Financing can also present snags. If the buyers can't qualify for a loan, the deal falls through. Buyers should begin their mortgage education well in advance of their home search, and sellers should ask a price in line with the home's appraised value. If the appraisal is much lower than the contract price, the lender will likely reject the loan application.

The best situation for buyers (and sellers) is to have a loan pre-approval in hand. It starts with the loan officer performing a review of the buyer's credit, income, and asset v. liability status. A letter of pre-approval should indicate exactly how much home a buyer can afford, and should put sellers more at ease with pre-qualified buyers.

There are myriad aspects to closing the deal, so go over each item thoroughly with your real estate representative and develop your plan of action!

Heads or Tails?

2008-10-17T14:21:00.001-04:00

They say that no coin is so thin that it doesn't have two sides, and home prices are not so different. Many who invested like mad in real estate the last few years felt the giddiness of buying low and selling high. Investors are feeling the pinch now, but what about the regular folks who buy and sell their homes not for profit, but simply because they want security for themselves and their families?

Sellers want rising home values, but buyers need affordable housing. Unfortunately, these two concepts are often mutually exclusive. Sellers may not feel as positively about the markets right now, but as long as your house is your "home," you shouldn't be feeling as much pressure as someone who bought a property simply to "flip" it for profit.

If your income remains level, and home prices are falling, it actually makes you richer. How so? Because now you can buy more home for the money.

Ultimately, lower home prices will benefit buyers and the economy. Imagine what your children or grandchildren would be facing if home prices had continued their meteoric rise of a few years ago.

It's easy to see that affordable housing is more important than wild appreciation (which must correct itself eventually). Widespread homeownership results in economic growth, so try to understand and not to fear lower home prices.

Million Dollar Price Reduction!

2008-10-15T14:52:00.002-04:00

New Price: $2,500,000
The Landings at Skidaway Island
6 bedrooms / 8.5 bathrooms

Stunning appointments adorn this magnificent six-bedroom, eight and one half bath brick home that epitomizes fine Southern Living. Set in a prestigious gated community, this home has ample living space where Brazilian cherrywood floors extend throughout.The master suite is the crowning jewel with his and her dressing rooms, a private porch, and a lavish marble bath with heated floors and a double shower. Superbly designed for entertaining, the prized residence boasts a beautiful solarium, an award-winning gourmet kitchen enhanced by a glass chandelier and butler's pantry, a pavillion with a wet bar, and a billiards room offering a full bath. A balcony-lined library, a living room featuring a fireplace and an antique mantel, and a grand dining room with a marble fireplace are among other fine interior areas.

Click to view full listing!

Sheltering You and Your Income

2008-10-09T09:52:00.003-04:00

It's easy to be swayed by all the negativity swirling around in the real estate industry. However, home ownership offers benefits you just can't get from other forms of investment, regardless of market conditions. In particular, the US tax code makes buying and owning a home a great deal.

First, you can deduct from your income the interest paid on your mortgage. That applies to second homes, too. You may even be able to deduct your loan's insurance premiums. If you've taken out a home equity loan, that interest is also deductible, regardless of how you've used the money.

If you've sold or plan to sell your home, profits up to $250,000 (or $500,000 for married couples) are free from taxation. While some restrictions apply, you won't get that kind of bargain on the sale of stocks, bonds, or other investments.

Now to get back to that mortgage interest deduction: it's almost guaranteed that if you hold a home loan, the interest deduction will help you reach the threshold for claiming all sorts of other itemized deductions above and beyond the standard amount allowed.

So just simply owning a home puts you in the happy position of being able to claim myriad other deductions from your taxable income. Real estate agents are not tax advisers, but they recognize a good deal when they see one!

Looking Good in the Neighborhood

2008-10-02T16:13:00.001-04:00

When you look your best, you attract attention. A recent survey of five hundred REALTORS® proves that it's no different when it comes to marketing your home.

82 percent of those polled reported that buyers unimpressed by a home's "curb appeal" won’t be interested in a closer look. Additionally, 90 percent of the agents explained that a sale depends greatly on first impressions walking through the front door.

That same number also reported that the appearance of a home's exterior is equally important as the interior features and condition. When buyers see your home from the street and the front walk, they feel that what they see is what they get.

When you're ready to list, work hard on your curb appeal and make sure the interior displays the same pride of ownership. Then have professional photographs accompany your listing on the Internet, as well as in brochures, newspaper ads, and other marketing tools.

These photos may be the buyers’ first "first impression" to look closer. The more pictures you offer, the better your chance for a quick sale. Listings with one photo sold for 91 percent of the listing price, while those with six or more pictures sold for 95 percent of the asking price. When you do the math, you’ll see that an attractive home plus attractive marketing is the formula for success!

An Empowering Relationship!

2008-09-26T13:40:00.003-04:00

Sports agent. Talent agent. Insurance agent. Real estate agent. What significance does the label "agent" hold, and why is it important when buying or selling a home?

Webster's dictionary defines an agent as "a person, firm, etc. empowered to act for another." For an "agency" relationship to exist, there must be a "principal" and an "agent." The principal is the person who empowers another to act as his representative, while the agent is the person empowered to act.

In real estate, an agency relationship is created when a seller signs a "listing agreement." The seller gives the broker authority to act on his behalf to locate a purchaser. The agent must be loyal to his principal, exercise competence, and when negotiating a sale, the agent must protect the principal's financial interests. The agent must also treat all third parties honestly and fairly.

It is also possible for an agency relationship to exist between a buyer and a broker. When this occurs, the broker's fiduciary loyalty is to the buyer, and all sellers must be treated honestly and fairly. In that case, the agent attempts to secure the lowest price and most favorable terms for the buyer, his principal.

Whether buying or selling, it is critical to understand which parties make up the agency relationships. If in doubt, ask the real estate agent for a clarification.

No "Chicken Little"

2008-09-19T15:13:00.001-04:00

If you're a homeowner, what do falling prices mean to you? You might assume that it's a bad time to sell. But guess what? It could mean it’s the perfect time to buy the home of your dreams!

Do the math, and you see that market downturns can actually work in your favor. Homes are listing at prices that are truly affordable. If you’ve already built equity in your current home, you could parlay that into the purchase of a terrific property.

When prices do rise again, and you know they will, you will have made an excellent investment for the future. If the home you really want was previously offered at $500,000 but the price has fallen - let's say 20% to $400,000 – that’s a sweet deal, even if your own home has lost some value.

In any home purchase, there are usually some concessions: location, style of architecture, or any number of features. If you made some concessions when you bought your current property, and you can replace the negatives with the positive features you’ve found in another home, now is the time to make your move!

Once the market turns around - and again, you know it will - you'll find your appreciation will be greater in the new, larger home. It's an upgrade at an opportune time that makes good investment sense.

The Long and Short of It

2008-09-12T16:57:00.001-04:00

You've been reading negative stories about the housing market, and while some are experiencing a slowdown, it's still no reason to keep you from pursuing the American Dream.

Anyone who's watched the industry for the last thirty years will tell you that it's a natural cycle, much like the adjustments the stock market experiences. All's well that ends well after a period of time passes.

Remember that housing is a long-term investment. Some people tried to create high yields over the short term, and that’s part of the reason so many markets are experiencing readjustments now.

Regardless of whether housing is up or down, individuals and families will always have a need to buy or sell. Home sales last year actually surpassed those of five years ago, which was another record year. Interest rates and prices are at historical lows, creating an excellent atmosphere for qualified buyers.

When reading the gloom and doom about foreclosures, it's important to keep the reports in perspective. Most defaults are associated with sub-prime loans, which account for less than 10% of all mortgages. Of those, only 0.6% are currently in foreclosure.

Now is the time to turn to the advice and guidance of a trusted local real estate professional, whether you're buying or selling. Keep a level head and take advantage of positive forces in the current housing market.

CBTR Student Design Center

2008-09-12T13:18:00.003-04:00

SCAD Students & Parents are welcomed to stop by the cbtr student design center located at 616 Barnard Street

Friday, Sept. 12th - Sunday, Sept. 14th from 10am - 4pm

Beaufort, SC Best Place to Retire by the Water

2008-09-09T09:41:00.008-04:00

CNNMoney.com announced that Beaufort, SC is one of the top six places to retire by the water!! To read the full article click here.

Find your dream home in Beaufort, SC http://www.corabettthomas.com/beaufort.html

Fall Festivals of Fun… Savannah Style

2008-08-28T16:00:00.002-04:00

27th Annual Savannah Jazz Festival - September 20 – 28
19th Annual Savannah Folk Music Festival - October 10 – 12
Oktoberfest - October 3 – 5
Tybee Island Pirate Festival - October 10 – 11
57th Annual Greek Festival - October 16 – 18
12th Annual Festival of the Arts (Tybee) - October 18 – 19
Shalom Y’all Jewish Food Festival - October 26
11th Annual Savannah Film Festival - October 25 – November 11
27th Annual Seafood Festival - October 31 – November 2

Buy More Home Now!

2008-08-28T14:24:00.002-04:00

While the pundits determine whether the real estate market is plunging or recovering, buyers are in the unique position of looking at a glass that is half full, not half empty. When sales are slow, that's actually a good thing for qualified buyers, and there has not been a better time to consider finally purchasing that vacation home.

Your second home is not a short-term investment, like those that have been "flipped" in recent years. Your vacation home is meant to be a long-term investment that pays big dividends not only in appreciation, but also in recreation and great family memories.

Today's market allows you to take more time to do your research and make your decision. Start by connecting with a real estate agent in the area you're interested in, and have them watch that market like a hawk to alert you to possible buying opportunities.

Don't focus on what the market is doing now... look ahead and consider the value of your purchase several years from now. Because real estate nearly always appreciates, you can buy more home now than you could further down the line.

Property is still a terrific long-term investment, regardless of current market conditions. Knowing that you can always rent your second home might just prove to be a great strategy for making second home ownership a real possibility!

2008 Savannah Film Festival

2008-08-21T11:53:00.003-04:00

2008 Savannah Film Festival
October 25 - November 1, 2008

Tickets on sale now -- http://www.scad.edu/filmfest/

This week's OPEN HOUSES

2008-08-21T11:09:00.003-04:00

Sunday, August 24

2-4 PM
50 Wylly Avenue
$399,900
Isle of Hope

615 East 48th Street
$310,000
Ardsley Park

3-5 PM
2902 River Dr., Unit 101A
$479,000
Thunderbolt Harbour

Don't Compare...Compete!

2008-08-21T10:07:00.003-04:00

As you prepare to list your home, you'll need to determine how to set your asking price. You may come across the term Comparative Market Analysis, which is used as a tool for gauging the perceived value of your home. However, as a seller, you should think of that informal appraisal more as a COMPETITIVE Market Analysis.

Why? Because comparisons can be very subjective, and while buyers may "compare" several homes, sellers must "compete" against other properties. No matter how unique you believe your home to be, it doesn't really matter how it compares to others until you have priced it to compete successfully against them.

In today's real estate market, past sales may not necessarily reflect the present reality. Similar listings compete by asking the lowest price for the perceived value, with price and value representing different sides of the same coin.

When you speak with a real estate agent, he or she will explain how your home must challenge the competition with savvy marketing, spotless presentation, and aggressive pricing. That is how to attract the interest of other agents and buyers.

Remember, it is the prospective buyers who will be making the comparisons. It's your responsibility as a seller to compete for their best offer in a challenging marketplace. Ask your representative today for a Competitive Market Analysis to get the ball rolling.

Bi-lingual Agent Joins Cora Bett Thomas Realty

2008-08-20T15:38:00.004-04:00

Real estate professional Sonja Bannon recently joined Cora Bett Thomas Realty & Associates as an associate broker. In her new position, Bannon represents clients in buying and selling distinctive property throughout the greater Savannah area.

We warmly welcome Sonja to our team of accomplished sales professionals,” said Cora Bett Thomas, founder and CEO of Cora Bett Thomas Realty & Associates. “Her diverse background in residential sales and multi-unit investment real estate in the Savannah area will be advantageous to both our business and clients.”

Bannon is also bi-lingual in French and English. This is an amazing trait for an agent in the market at this time with European investors looking for property in the United States. Prior to joining Cora Bett Thomas Realty, Bannon worked as an agent with Judge Realty and Seabolt Brokers in Savannah.

For view Sonja's bio and see her listings please click here!

An Ocean of Options

2008-08-14T13:39:00.003-04:00

As a buyer, you may find yourself drifting on an ocean of financing options. As lenders tighten their requirements, there are a few aspects of the loan application of which you should be aware before applying for a mortgage.

First, determine whether you are seeking "pre-qualification" or "pre-approval." What's the difference? Generally speaking, when you are pre-qualified, the lender reviews your information and hazards a "best guess" as to the size of loan for which you would qualify.

In the pre-approval process, however, the lender verifies everything on your application, and offers to approve a certain amount at a certain interest rate. Either way, the final loan is only cleared upon receipt of an acceptable appraisal, title check, last-minute credit check, and other verifications. Usually, a pre-approval puts you on stronger buying ground.

A critical aspect of your application is your credit score. Excessive credit, like car loans and credit cards, can sometimes prove as unattractive to lenders as bad or no credit, so make sure that you have plenty of credit available before applying, and put off major purchases until after you've bought your home.

Finally, investigate all of your loan options, compare worst-case scenarios, and do your math. If you need guidance, seek it from a local mortgage specialist or real estate agent who is well versed in current market and lending conditions.

Cora Bett Thomas Realty Agents Recognized for Internet Marketing Excellence

2008-08-12T12:51:00.002-04:00

Nationally renowned real estate marketing and technology speaker and REALTOR.com® Vice President, Max Pigman, recently presented Marjorie Maddox and Peter Nelsen of Cora Bett Thomas Realty the “Real Estate Online Marketing Award of Excellence.” The Award of Excellence recognizes top agents who consistently provide great marketing services on behalf of their buyers and sellers.

“There are always some real estate agents who distinguish themselves from other agents by doing a little more for their sellers.” says Max Pigman, Vice President of REALTOR.com®. Cora Bett Thomas Realty provides it agents with enhanced features for every listing on REALTOR.com. The enhanced features provided to all agents are additional photos, customized headlines, video tours, and showcase status for each listing.

“Our agents and clients appreciate that we help bring more attention to the unique selling attributes of their home and ultimately help attract more qualified buyers. Buyers are also appreciative of a well presented home that has a better description and more ways to learn about the property before arranging an appointment,” said Cora Bett Thomas, president and CEO of Cora Bett Thomas Realty.

The excellence award was presented to Maddox and Nelsen and other agents at a recent real estate marketing and technology seminar that demonstrated cutting edge techniques for leveraging the Internet and technology in real estate marketing. “Videos have become an essential tool for marketing a home. I add videos to my listings because buyers today want the whole story. Pictures can hide defects or undesirable features, but with video everything is there. There are no surprises that could waste the time of a buyer,” said Nelsen. The agents at Cora Bett Thomas Realty have received positive responses from buyers and sellers alike.

Three Possible Choices

2008-08-07T12:09:00.002-04:00

There are many factors that affect how you'll price your home when you're ready to sell. In spite of market conditions, interest rates, and so on, every transaction is unique. So you should seek the assistance of an agent and prepare yourself and your home well in advance of placing the For Sale sign out front.

Sometimes a home will have three different possible prices: the price the sellers want to net, the price the buyers would like to offer, and the final sales price agreed upon by both parties. Your home's ultimate value is determined by other local sale prices, which are often a product of supply and demand.

The asking price or the offered price are not the whole story, however. While an offer of $200,000 doesn't seem to appear as good as an offer of $210,000, pay close attention to the terms attached to that higher offer. If the buyers also want you to offset closing costs and deduct for a decorating allowance, the "clean" offer of $200,000 might actually put more money in your pocket.

It's wise to seek representation and assistance with pricing, marketing, negotiation and closing. Put a real estate agent with local experience to work for you. Once armed with the facts relating to terms and conditions of local sales, you can move forward with confidence in your listing.

Bricks Beat Paper!

2008-07-31T10:24:00.004-04:00

Yes, there's been trouble in real estate paradise, and no matter the causes, the dramatic results have been experienced across the country. Before assuming that housing is a risky investment, please understand that owning a home offers countless advantages over stocks and other securities.

First, home ownership lets you put in a little money and get the whole house. Money in stocks only buys a very small piece of the company.

You also benefit because the government "bribes" you into buying a home by offering scores of tax write-offs, like mortgage interest, property taxes, depreciation - you may even avoid capital gains taxes.

As homeowner, you’re also the sole shareholder! YOU control what to buy and what to pay. YOU choose how to increase value through improvements. Try to exercise that kind of power at a company shareholders meeting of thousands!

Stocks incur risk because they may become worthless. That’s extremely unlikely with your home. Even in the worst periods, homes retain most of their value. Fluctuations over a couple years eventually balance. What you haven't heard widely reported is that housing lost value in only ONE year out of the last thirty-five.

But the undeniable advantage of a home over a stock certificate? Quite simply, you can't live, dream, raise a family, and feel secure with only a piece of paper over your heads!

Open House

2008-07-31T09:54:00.003-04:00

Sunday - August 3, 2008

2:00 - 4:00 PM
Southside
5 Dalry Lane
$449,000

3:00 - 5:00 PM
Historic District
429 East York
$495,000

Southbridge
109 Baymeadow Pt.
$697,300

Seeing Green?

2008-07-24T13:24:00.001-04:00

With global climate change and rising fuel prices, more people are growing interested in boosting energy efficiency, and homebuyers are among them. What improvements might you consider in order to make your home more marketable in the Environmental Age?

Believe it or not, simply caulking and weather-stripping your windows and doors are two of the quickest (and cheapest) ways to show off your home's efficiency. If you're ready to take the next step, upgrade your appliances to Energy Star standards to make a big impression. (You can research your current models at http://www.energystar.gov/.)

Along those lines, you can ask your utility company to visit your home and perform an energy audit. It costs around $100 and takes only about an hour. Doing this in advance of your listing can be a powerful marketing tool, especially if you receive a good report or you make improvements based on its findings.

For instance, in an older home, you might go ahead and insulate your attic, helping your home retain heat and reducing your electric or fuel bills. Buyers who are made aware of this feature and the savings will likely move your home up their list of choices.

With all the other preparations involved in selling your home, it's easy to overlook the benefits of energy efficiency, but buyers are looking for them, so start seeing green!

Keep the Cart Behind the Horse

2008-07-17T11:25:00.001-04:00

It's probably no surprise that nearly all buyers require financing for their home purchase. The real challenge is not so much in getting the loan as it is in finding the loan that's right for you.

The time to start your loan search is before you begin looking at homes. After you've reviewed your loan options, you'll have a better idea of just how much home you can afford.

Starting early also gives you an edge when you offer to purchase a property, because most contracts will specify that you have to apply for financing within a certain amount of time, usually seven to ten days. Meeting with a lender in advance prevents your having to rush into a loan decision.

You'll also have an advantage with sellers, because an offer to purchase from a pre-approved buyer is more attractive to sellers who won't have to worry about whether you'll qualify for financing. It demonstrates to both you and the sellers that you have the financial strength to complete the purchase on schedule.

Many real estate agents have experience and relationships with local lenders, and can suggest one or more lenders who offer a variety of loans with competitive terms and quality service. Your mortgage is as individual as you are, so take the time early on to match a loan to your particular needs.

Ready To Open Up?

2008-07-10T17:13:00.001-04:00

There's been discussion among professionals in the real estate business for years now regarding the value of holding open houses. The National Association of REALTORS® conducted a survey last year that revealed 80 percent of buyers used the Internet for property searches, but only 42 percent visited open houses. What gives, and are open houses a waste of everyone's time?

The answer varies according to whom you ask, and there are good arguments on both sides. Some agents feel that truly serious buyers do their searching well in advance, and choose to make appointments to see the homes that really excite them.

Other agents have learned that buyers enjoy the freedom of seeing properties without an appointment and without the company of a representative when they visit. Sellers, on the other hand, sometimes expect agents to host open houses to show that they're working hard for their compensation.

Real estate agents often begin developing relationships with buyers through open houses. By learning the needs of particular buyers at an open house, the agent may be able to direct those buyers to another home that's better suited to their needs – perhaps yours!

In a nutshell, both sides can be equally argued, but the sale of your home is as unique as you are. Discuss the potential benefits and deterrents of an open house with your agent.

'Forrest Gump' swims from Tybee to Hilton Head Island

2008-07-07T09:11:00.004-04:00

Swimming has been a part of Nash McIntosh's life since he was a youngster growing up at Isle of Hope. He swam competitively in college and while serving in the U.S. Navy, and most every day takes the plunge at Tybee Island.

So friends weren't too surprised when they heard that Nash, who is an associate for Cora Bett Thomas Realty and a character in his own right, decided to swim from Tybee Island to Hilton Head Island. He attempted the feat three times before but gave out while en route.

"I'm pretty good at failures, but I'm like Forrest Gump," Nash said, referring to the quirky movie character of the same name who was enthusiastic about everything he attempted. "I just keep on swimming."

When Nash turned 70 in May, he decided to try the Tybee/Hilton Head swim once again in recognition of reaching such a milestone in his life. This time he studied the tide, the currents and the shipping schedules before his sea adventure.

Click here for full story.

Contact Polly at 912-352-8670, e-mail pollparrot54@bellsouth.net or write to her c/o 5 Majestic Oaks Circle, Savannah, GA 31406.

Hello, FICO!

2008-07-02T14:05:00.001-04:00

You'd have to be living on another planet if you haven’t heard reports of subprime mortgages and their effect on the real estate industry. If you're planning to buy a home, it's apparent that loan qualification these days is more challenging. Sellers also feel the effect from fewer qualified buyers who can make a confident, full price offer.

In preparing a loan application, the most critical factor is usually your FICO score (developed by the Fair Isaac Corporation). You may be aware that your score can range from 300 to 850 points, and that your score affects your terms and interest rate. However, there are some details you may find interesting.

You don't have simply one score, you have three - one from each credit reporting bureau (Equifax, Experian and TransUnion), and each score may differ by as many as 100 points. Your score is formulated from percentages of five different factors: your payment history (35%), your debt (30%), length of your credit history (15%), your credit types (10%), and any newly issued credit (10%).

In order to qualify for a "prime" loan, you'll need a FICO score of at least 620, but you'll get the best terms and interest rate if your score is above 720. Your best bet is to check your scores and reported history well in advance of a planned purchase.

Certify That Pre-Owned Home!

2008-06-26T15:36:00.001-04:00

If you're looking for a competitive edge in the sale of your home, your real estate agent may have an unexpected suggestion. Although many sellers assume that it is the responsibility of the buyers to pay for an inspection, having one performed before you even list your home can go a long way towards attracting a full price offer from confident buyers.

Think about it. If you're aware of flaws and needed repairs before you begin marketing your home, you can correct potential problems before the buyers even have a chance to think about negotiating a lower price for repairs. Sellers can expect an offer that is two dollars less for every dollar in needed improvements, so why would you give away that money when you can save it by simply investing in a pre-listing inspection?

A pre-listing inspection also reduces time and stress before closing, because there's no rushing around trying to get requested repairs done on the buyer's schedule. You're also establishing good will right off the bat, creating an atmosphere of trust and honesty up front.

All of these aspects greatly increase the chances that the buyers will offer full price and follow through to closing without any doubts, delays or picky negotiations. Like a quality used car, giving your home the "Certified Pre-Owned" label will encourage the buyer's seal of approval!

Turning Rent Into Equity!

2008-06-19T09:33:00.001-04:00

Larger home inventories coupled with tougher financing requirements have made it difficult for both sellers and buyers to achieve their respective goals. In the search for creative solutions, one has recently begun catching on - Rent To Own.

The advantage for buyers is that a portion of your rent payment is put into an escrow account to be used eventually for downpayment on a traditional loan. You can begin building equity before you've even applied for financing! If your credit is less than perfect or you simply haven't the funds available for a significant downpayment, this could be a great opportunity.

Sellers also benefit from receiving income from the tenants and the likelihood that they will eventually purchase the home outright. However, caution must be exercised, and you can protect yourself by seeking the advice and services of a real estate agent. Many agents can even manage the property for you.

Consider who will maintain the property and what percentage of the rent will go towards the downpayment. What will happen if one party wants to back out of the deal or if the renters don't eventually qualify for financing?

These are just a handful of the questions and concerns associated with this otherwise mutually beneficial arrangement. If you're facing challenges as a buyer or seller, consult with an agent today to discuss the possibilities.

OPEN HOUSE | Saturday & Sunday | June 14 & 15

2008-06-13T10:55:00.002-04:00

OPEN HOUSE Saturday, June 14

105 Coach House Square 1 - 3 PM
Pooler Morgan Pines
$199,5000

OPEN HOUSE Sunday, June 15

411 East Huntingdon Street 2 - 4 PM
Historic District
$439,000

424 East 31st Street 3 - 5 PM
Historic District
$349,000

404 East 51st Street 2-4 PM
Ardsley Park
$269,000

Before It's Too Late!

2008-06-12T11:05:00.001-04:00

Foreclosure is forcing the sale of many homes, putting homeowners in a very stressful and challenging position. While most people think of real estate agents as mediators between buyers and sellers, realty professionals also work with lenders, who are likewise facing challenges.

Financial giant Freddie Mac commissioned a survey, finding that 58 percent of homeowners who are delinquent in their payments didn't know that lenders offer many ways to help. They also didn't realize that free counseling is available for those facing default.

For instance, did you know that a missed payment could be added to your loan balance? Or that you can extend the term of your mortgage? It will take longer to pay off, but it keeps you in your home.

That's another frequently misunderstood point. Banks really don't want to take your home back - they want YOU to keep it and pay for its maintenance and property taxes and so on. Banks are in the business of lending (and making) money, not in maintaining real estate.

While help offered by lenders and assistance organizations can save four out of five homes from foreclosure, the sad fact is that most homeowners simply don't find that help until it's too late.

Please, protect your investment and your community's property values by availing yourself of the assistance that's freely available. Don't wait another moment.

Cora Bett Thomas Keynote Speaker at the Savannah Downtown Business Association

2008-06-10T16:03:00.004-04:00

Cora Bett Thomas recently spoke at the Savannah Downtown Business Association’s Leadership Luncheon Series at the First City Club on May 14, 2008.Thomas spoke to the group about the growth and vision of real estate in, “Downtown Savannah: Looking Forward…Forward Looking.” She also spoke about her success and personal experiences she has had starting a small business in Savannah.Attendance at the leadership luncheon was near an all time high to hear Thomas speak. The group was particularly interested because Thomas represents everything that is the Savannah Downtown Business Association. Cora Bett Thomas built her company to promote quality and it has prospered in the unique environment that is Downtown Savannah.

Savannah named in "Top 100 Places to Live"

2008-06-06T11:14:00.004-04:00

RelocateAmerica.com has named Savannah one of America's "Top 100 Places to Live"

Plenty of Fish in the Sea!

2008-06-05T17:12:00.002-04:00

While many areas around the country are experiencing a "buyer's market," you need to exercise caution when offering to purchase at below asking price. Bargaining is indeed an art, and the last thing you want to do is to insult the sellers.

An unreasonably low offer risks angering the sellers to the point where they won't even make a counter-offer. In general, an offer more than 10% below asking price is not customary and faces possible rejection, but there are ways to proceed with respect when you feel that a lower offer is substantiated.

Sit down with your representative and make a list of reasons to share with the seller about why your offer is less than asking price; or, strongly consider negotiating other terms of the purchase, such as closing costs or repairs. A reduction on those aspects can still yield great savings.

Whenever you are in the presence of the sellers, kindly exhibit proper etiquette and respect. Consult with your representative before any meeting to make sure you're both on the same page.

Ultimately, the best way to make your offer with confidence is to realize that there are many attractive homes for sale in your price range. If a seller rejects your offer outright, avail yourself of the other suitable properties on the well-prepared list of possibilities provided by your representative.

Hot Sales in Cool Markets!

2008-05-29T15:09:00.002-04:00

While some real estate markets are experiencing increasing listing times and decreasing sales, others are still doing well or even booming. Regardless of which applies, how do you position yourself for a quick, full-price sale? Even in slow markets, some houses sell quite quickly, and it's for the very same reasons that they would in a hot market.

The best performers these days are older homes with three bedrooms and two baths. In addition to those features, they are priced a few thousand dollars below the area's average asking price.

You won’t consider competitive pricing a concession when offers come in more quickly and with less negotiation. Peace of mind and a quick sale are more than worth the difference between your asking price and that of your competition.

The second common denominator among successful sales in slow markets is the fact that the properties show like model homes. Sure, location is critical, but it's condition, condition, condition that helps to set your offering apart from other homes on the market at the same price.

The final factor these sales share? Aggressive marketing by a real estate agent. A professional who shows your home to an already qualified and motivated group of buyers is worth his or her weight in gold at the closing table. Combine price, condition, and marketing for a satisfying sales result!

Timing Isn't Everything

2008-05-22T16:02:00.003-04:00

In light of declining sales and tougher loan requirements, many potential buyers are asking if they should buy now, or wait several months before moving forward with a decision. The thing is, you can't time the real estate market any more than you can time the stock market. Simply put, the best time to buy is simply when you need to do so.

Start searching now, targeting your preferred locations and getting a sense of the local trends. Speak with local realty professionals to gauge listing times, list-to-sale ratios, and contract terms. There’s no such thing as a “national” market, and every area is going through its own adjustments, up or down.

Now is a good time to begin your loan search as well, to determine how much home you can afford, and to start assembling the required paperwork. If you're not pressured to move right now, securing loan pre-approval will give you the chance to immediately take advantage if an excellent purchase opportunity appears.

Owners who are pressured to sell for reasons like foreclosure or job relocation may be more willing to negotiate, but if you really love a particular home, don't lose it by haggling over a few thousand dollars. A home is not a stock certificate. In a buyers market, take your time, do your homework, and make the most of it.

Truth or Consequences!

2008-05-15T14:57:00.001-04:00

It's more difficult than ever to realistically and successfully price your home for sale. Many economic factors affect your pricing decision. Agents present you with the facts, but the final determination of asking price is yours and yours alone. So contact a representative and familiarize yourself with the following criteria.

There are more homes for sale now than in the past. Larger inventories exist mainly due to the fact that many sellers waited to list, trying to catch the top of the market. Now they're trying to sell before it bottoms out.

While still historically low, mortgage rates are creeping up. Every rate increase disqualifies a segment of buyers for financing, negatively impacting your selling ability.

Besides higher interest rates, buyers are subject to stricter loan application requirements. Again, the higher downpayments and credit scores needed for financing eliminate many applicants from your pool of prospective buyers.

Are there homes in your neighborhood that investors couldn't "flip"? Then they are either vacant or listed below market value by owners who would rather take the loss than become landlords. Either way, these homes and foreclosed properties adversely affect property values of others in your community.

This is reality. Expect your agent to be completely honest with you about it, and learn that trust, reason and determination will create a sale, even in a down market.

Stepping Up to Down Markets

2008-05-08T14:35:00.002-04:00

Remember the ancient curse, "May you live in interesting times?" While many are indeed cursing the current real estate climate, others see opportunities. In a "soft" market, the short-term options dwindle, but seasoned investors in for the long haul are positioned to take advantage.

In the words of billionaire J. Paul Getty, "Buy when everyone else is selling and hold until everyone else is buying." Just like the stock market, more money is often made in a down cycle than in an up market.

Slower times encourage sellers to be more open to negotiation. Combine acceptance of lower prices with currently low interest rates, and you've got the perfect recipe for bargains. Real estate is continually cycling, and it's guaranteed that prices will rise again. The time to get in is now, before that begins to happen.

A "buy and hold" strategy works in this market, while your property appreciates. While you wait, consider leasing it. The property can pay for itself with rent collected, and an investor that can pay off a small mortgage is in an excellent position indeed.

Learn from your real estate agent and tax advisor how a "1031 Exchange" can greatly reduce your tax liability when it does come time to sell your investment. Now is the time to get in, but be sure to know how you'll get out, too!

OPEN HOUSE | May 10 & 11 | 2-4 PM

2008-05-08T10:08:00.008-04:00

SATURDAY, MAY 10

Lofts on Broughton

LIVE MODERN

Condominums from $249,900 and up

This is the first offering of finished space by the Lofts on Broughton

OPEN HOUSE

Saturday, May 10 - 2-4 PM

310 West Broughton Street

SUNDAY, May 11

Cobblestone Row

New Construction in Historic Savannah

From $299,900 and up

Opportunity knocks, stroll over to see great new townhomes with

garages and carriage house apartments

OPEN HOUSE

Sunday, May 11 - 2-4 PM

308 East 31 Street

Michael Jewett Joins Cora Bett Thomas Realty & Associates

2008-05-05T14:25:00.007-04:00

SAVANNAH, Ga. – D. Michael Jewett, a real estate professional who specializes in the listing and sale of luxury residential property, recently joined Cora Bett Thomas Realty & Associates as a sales associate. In his new position, Michael represents clients in buying and selling distinctive property throughout the South Carolina Lowcountry area.

An exclusive affiliate of Christie’s Great Estates, Cora Bett Thomas Realty & Associates is considered by many to be the pre-eminent real estate marketing firm serving coastal Georgia and South Carolina. The firm was recently the recipient of a Leading Real Estate Companies of the World® Member Achievement Award as well as two first place awards in the Leading Real Estate Companies of the World® Marketing Contest with a 1st Place - Company Brand Advertising category and another 1st Place - Property Advertising category.

“We warmly welcome Michael to our team of accomplished sales professionals,” said Cora Bett Thomas, founder and CEO of Cora Bett Thomas Realty & Associates. “Our firm and our clients will truly benefit from his extensive experience and knowledge.”

Click here for more on Michael Jewett

In Your Own Backyard!

2008-05-01T17:07:00.002-04:00

Are you aware that over two million people in the United States have real estate licenses? With that many practitioners, the seed quickly separates from the chaff, with a small percentage rising to the top in quality service to buyers and sellers.

As you consider the mountains of documentation, financing, negotiating, marketing, inspections and the like, where would you begin to locate the agent best suited to your needs? It makes sense to start at home, with those individuals who participate in neighborhood organizations, local government, charities, etc.

It makes sense to work with someone who is active within and knowledgeable about the local community. More information for your choice of representative can be found through open houses, advertising, and referrals and recommendations from other agents, neighbors, and local business leaders.

Once you've interviewed and selected a real estate agent, make sure your relationship is clearly defined and documented. Some agents represent sellers, while others exclusively represent buyers. Make sure your representative explains how he or she works with all parties to the transaction, and provides a complete "agency disclosure" to document your relationship.

Then your agent will begin discussion of local market conditions and how they come to bear upon your listing or your purchase. A carefully selected representative from your community will provide all the information you need to move forward with confidence.

OPEN HOUSE WEEKEND - May 3-4

2008-05-01T10:09:00.004-04:00

SATURDAY, MAY 3rd

Lofts on Broughton - 301 West Broughton St
$149,000 - $449,900
Historic District
Open House 2-4 pm

201 East York St
$475,000 - $720,000
Historic District

Open House 1-4 pm

SUNDAY, MAY 4th

113 East 53rd St
$279,900
Ardsley Park
Open House 2-5 pm

Cobblestone Row - 308 East 31st St.
$299,900 and up
Thomas Square / Victorian District
OPEN HOUSE 2-4 pm

6 Wilton Lane
$349,000
Olde Town – Wilmington Island

Open House 3-5 pm

610 Habersham St
$535,000
Historic District

Open House 2-4 pm

109 Baymeadow Pt
$697,300
Southbridge
Open House 3-5 pm

2008-04-24T13:46:00.003-04:00

AVOID THE RED TAG!

Have you ever noticed clothing sales that advertise “seconds” at greatly reduced prices? The “second” quality merchandise may exhibit flaws like uneven seams and pulled stitches, and capitalizes on the slightly lower quality in exchange for a lower price.

Much like those “mark downs,” a home being offered for sale with obvious flaws also invites a lower price. Homebuyers, like other savvy shoppers, quickly become aware of needed repairs, and then begin scrutinizing the home for other defects.

If you plan to sell your home and expect to receive full price, be certain that all needed repairs are completed before the “For Sale” sign appears out front. If you don't, expect to receive about $2 less for each $1 in needed repairs.

Protect your investment by asking an agent for advice. They will walk through your home as a buyer would, making notes of all apparent defects that attract attention. This could range from a cracked windowpane to carpet in need of replacement. No matter what the flaw may be, if it attracts attention, it also becomes a point on which the buyer may negotiate a lower sale price.

Your real estate agent can guide you further by providing marketing tips to make your home more attractive to buyers. Remember that by offering a “first quality" home, you may expect to receive the best price.

Welcome SCAD Parents

2008-04-23T16:03:00.021-04:00

Why RENT When You Can BUY?

While you are enjoying the SCAD Parents Weekend

and the Sidewalk Arts Festival please feel free to also stop in our office at 24 East Oglethorpe Avenue

and take a look at the amazing properties that are perfect for your SCAD student.

111 West 57th St
Near Montgomery Hall
$99,900

31 West 52nd St
Near Montgomery Hall
$99,900

The Commons - 401 North Cromwell A-2
Wilmington Island
$112,000

The Merritt - 1517 Whitemarsh Way
Whitemarsh Island

$119,990 – $203,000

110 Brown Pelican Dr
Southside
$149,900

3602 Montgomery St
Midtown
$165,000

137 West 51st St
Near Montgomery Hall
$180,000

Herty Lofts, Unit 209 - 1835 Skidaway Rd
East Side / Near Gordonston
$186,500

120 Brady St
Thomas Square / Victorian District

$195,000

216 East State St
Historic District
$199,500

208 East Jones St
Historic District
$199,900

2514 Abercorn St
Victorian District
$210,000 - $295,000

101 East Gaston St, Unit 3B
Historic District
$215,000

523 East Anderson St
Victorian District
$228,000

24 East Macon, Unit 3
Historic District
$239,000

Newwalk Arwood - 805 Whitaker St
Historic District
$249,900

545 East Gordon St
Historic District
$289,000

116 West Liberty St
Historic District
$295,000

411 West Congress St
Historic District
$295,000 - $299,000

103 West 31st St
Thomas Square / Victorian District
$300,000

557 East Jones St
Historic District
$309,000

412 Price St
Historic District
$315,000

15 East Jones St
Historic District
$315,000

527 East Waldburg St
Victorian District
$339,000

317 Lorch St
Victorian District
$349,000

308 East 31st St
Thomas Square / Victorian District
$359,900

The Lafayette - 321 Abercorn St, Unit 408
Historic District
$365,000

318 West Jones St
Historic District
$383,000

322 West Jones St
Gardens District
$399,900

317 East Huntingdon St
Historic District
$465,000

501 East Park Ave
Victorian District
$475,000

610 Habersham St
Historic District
$535,000

OPEN HOUSES | Saturday & Sunday | April 26 & 27

2008-04-23T11:44:00.012-04:00

NOW is the time to buy! Come view our OPEN HOUSES!

Saturday, April 26, 2008

2514 Abercorn St.
Victorian District
$210,000 - $295,000
OPEN HOUSE 1-4 pm

Lofts on Broughton - 310-322 West Broughton St.
$249,900 and up

Historic District
OPEN HOUSE 2-4 pm

Newwalk Arwood - 805 Whitaker St.

$249,000 - $279,000

Historic District

OPEN HOUSE 1-4 pm

Cobblestone Row - 308-316 East 31st St.
$299,000 and up

Thomas Square District
OPEN HOUSE 1-5 pm

107 Whitaker St.
$699,000
Commercial Space
Historic District
OPEN HOUSE 2-4 pm

Sunday, April 27, 2008

Cobblestone Row - 308-316 East 31st St.
$299,000 and up
OPEN HOUSE 1-5 pm

557 East Jones St.
$309,000
Historic District
OPEN HOUSE 3-5 pm

412 Price St.
$315,000
Historic Downtown
OPEN HOUSE 2-4 pm

15 East Jones St, Unit 2B

$315,000

Historic District

OPEN HOUSE 1-4 pm

333 Whitaker St.

$439,900

Historic District

OPEN HOUSE 3-5 pm

702 East 44th St.
$598,500
Ardsley Park

OPEN HOUSE 3-5 pm

Cora Bett Thomas Realty & Associates Brings Home First Place (Again) in International Marketing Contest

2008-04-22T10:47:00.003-04:00

Cora Bett Thomas, founder and CEO of Cora Bett Thomas Realty & Associates and Judy Nease, Broker-In-Charge, recently attended the 2008 Leading Real Estate Companies of the World® and Luxury Portfolio conferences at the Boca Raton Resort & Club in Boca Raton, FL. About 800 real estate brokers, managers, relocation professionals, sponsors and guests from the U.S. and 11 countries around the world participated in the annual event.

Cora Bett Thomas is proud to announce that Cora Bett Thomas Realty & Associates’ is the recipient of a Leading Real Estate Companies of the World® Member Achievement Award as well as two first place awards in the Leading Real Estate Companies of the World® Marketing Contest held in conjunction with the conferences.

Leading Real Estate Solutions™ Award
Cora Bett Thomas Realty & Associates received the Leading Real Estate Solutions™ Award for their active participation with Leading Real Estate Solutions™ programs. Leading Real Estate Solutions is devoted to supporting the competitiveness of LeadingRE affiliates through the development of strategic alliances with top providers of real estate products and services.

First Place International Marketing Awards
Two award-winning advertising campaigns received top honors with a 1st Place - Company Brand Advertising category and another 1st Place - Property Advertising category. The ad campaigns were chosen based on creativity, incorporation of Leading Real Estate Companies of the World® material and/or graphics and overall presentation and effectiveness. Cora Bett Thomas Realty & Associates was presented with the two first place awards at the annual conference..

“The Marketing Contest showcases some of the finest marketing in the industry and is a tremendous opportunity for our affiliates to share strategies for branding, advertising and company promotion,” said Robin LaSure, LeadingRE vice president of communications. “We commend Cora Bett Thomas Realty & Associates for earning this prestigious distinction.”

“I am so proud of our talented marketing team for this outstanding achievement,” said Cora Bett Thomas, founder and CEO of Cora Bett Thomas Realty & Associates. “This is the second year in a row we have brought home the gold and our marketing team’s creativity and hard work has truly paid off. Since our company’s inception, marketing has been a critical key to our success. We look forward to continuing to create even more ambitious, state-of-the-art marketing initiatives in 2008 and beyond.”

With listings for the area’s finest residential and commercial properties, Cora Bett Thomas Realty & Associates’ affiliations also include Christie’s Great Estates, Who’s Who in Luxury Real Estate, and The Board of Regents. The firm dominates the luxury real estate market along the Georgia and South Carolina coast.

As a member of LeadingRE, Cora Bett Thomas Realty & Associates can assist individuals relocating to virtually any community in the U.S. or abroad and can meet corporate relocation needs through the network’s sister relocation company, RELO Direct®. Participation in the network’s home listing website, RELOHomeSearch.com, and luxury home marketing program, Luxury Portfolio Fine Property Collection™ bring world wide exposure to Cora Bett Thomas Realty & Associates’ home listings.

Jump-Start Your Home's Heart!

2008-04-17T16:33:00.003-04:00

As a seller in the current real estate climate (or any market, for that matter), you know that your home's features must stand out against those of the competition. First you need to understand what buyers are looking for, and then you must decide how much money and elbow grease to invest to make those wishes come true.

History shows that the kitchen is the best place to make your impression, and it can be done for less than a king's ransom. Got old linoleum, vinyl or chipped tiles on your kitchen floor? You can install laminate that looks like new tile, stone or wood for just $1 to $5 per square foot!

You can show off your flooring with updated light fixtures. Under-cabinet lighting is easily installed, and a gorgeous overhead light will brighten things up for less than $100.

A coat of fresh paint and some new hardware are very reasonable ways to go if you want your old cabinets to impress new homeowners, and chipped appliances can be re-enameled to their original luster. It may cost just a few hundred dollars, but you'd be well advised to hire a professional for this kind of refinishing.

For more budget-wise suggestions, ask a real estate agent to do a "walk through" of your home before the first potential buyers come through that front door!

My home isn't selling: Now what do I do?

2008-04-15T15:55:00.002-04:00

By Eric Gnau

Real Estate Associate

Cora Bett Thomas Realty

Hardly a day passes that you don't hear something about the sluggish condition of the U.S. housing market. People often tell me that homes just aren't selling. However, that is not entirely true, at least not here. Homes are selling.

Now it is true that there is a larger than usual inventory of homes on the market and that the average days-on-market (DOM) statistic has increased. But homes are selling, just at a slower pace than the breakneck speed of 2005 and a portion of 2006.

For the 12-month period ending Feb. 25, 2008, the Beaufort Multiple Listing Service reported that 862 homes were sold, at an average price of $311,000 totaling more than $268,000,000.But these statistics are little consolation to the homeowner who has had his home on the market for an extended period of time.

Read More... as seen in The Beaufort Gazette

A Lot To Consider!

2008-04-10T17:28:00.002-04:00

Buy or build? If you're considering new construction, the first item on your To Do list is to find a suitable lot. The experience of builders and architects points to a few key features you should investigate in your search for the perfect spot.

First, and perhaps most obvious, is the size of the lot. The larger the lot, the greater the cost, depending on location. Consider the property taxes and how much maintenance it will require. Remember that the smallest lots tend to appreciate more quickly than their larger neighbors.

Next, imagine how the terrain will affect aspects like drainage and the positioning of the home. Ask your builder to explain the impact the terrain will have on your plan.

Related to the terrain is the view the property offers. Take great care in discovering how adjoining land will be developed, and how that could affect your view. A gas station may one day be built on that beautiful meadow out back.

And finally, the mantra of real estate is "location, location, location." Want a faster commute? Buy a lot near the entrance of your subdivision. Want to keep your kids safe from traffic? Then plan a purchase further toward the back.

It's all common sense, really, but it helps to take an organized and educated approach to this critical element of home construction

Open House Schedule | Sunday, April 13, 2008

2008-04-09T09:41:00.008-04:00

The Merritt
$149,990 - $189,990
Whitemarsh Island
Open House 2-5 p.m.

322 E. 65th St.
$225,000
Midtown
Open House 2 – 4 p.m.

412 Price St.
$315,000
Historic Downtown
Open House 2 – 4 p.m.

6 Wilton Lane
$349,000
Olde Town on Wilmington Island
Open House 3 – 5 p.m.

416 – 418 E. 40th St.
$399,000
Baldwin Park
Open House 2 – 4 p.m.

7 St. Augustine Bend
$399,000
Causton Bluff
Open House 2 – 4 p.m.

Savannah's in BLOOM!

2008-04-08T10:03:00.007-04:00

Savannah’s in bloom! Now’s the time to plan your trip to our lovely city. Take a look below at some of our upcoming events…

N.O.G.S. Tour of Hidden Gardens | April 18-19
8 private gardens plus the Massie School Center which was restored and is maintained by The Garden Club of Savannah
Tours are from 2 – 4 PM each day
www.gcofsavnogstour.org
912 961 4805

Liberty Mutual Legends of Golf | April 21-27
Held at The Westin Savannah Harbor Golf Resort & Spa, this golf tournament is celebrating its 31st year and features golfing legends from the past and present.
www.pgatour.com/tournaments/s504
912 236 1333

SCAD Sidewalk Arts Festival | April 26
Annual chalk drawing competition on the sidewalks of Forsyth Park. Food, live music, and fun for artists and non-artists of all ages. Come and get your hands dirty or just wander through the park and marvel at what some people can do with chalk!
www.scad.edu/events/sidewalkarts/2008
912 525 5865

SCAD Sand Arts Festival | May 2
Annual competition held on Tybee’s North Beach is an art competition using sand and objects found on the beach. Categories include sand castles, sculpture, relief and wind wind sculpture.
912 525 5231

Tybee Island Beach Bum Weekend | May 16-17
Get your water guns ready for the world-famous Tybee Island Beach Bum Parade on Friday, May 16 and the Beach Bum Luau is on Saturday, May 17. Enjoy a weekend of free live entertainment and fun for the entire family.
www.tybeevisit.com/
912 786 5393

LOOKING BEYOND THE PRICE!

2008-04-03T12:47:00.000-04:00

What pops in your mind when you think of a real estate contract? The price, right? It's the critical term, but far from the only important factor to be considered by buyers or sellers. There are costs, finances, conveyances, and consequences to consider.

Typical costs include commissions, inspections, legal fees and so on. Your representative should firmly negotiate and explain who pays for what.

How about the escrow deposit and financing contingencies? Unless the buyers pay cash, an escape clause should release them from obligation if financing falls through. Specifying that the loan will be secured at a certain interest rate or lower provides further protection.

Also pay close attention to conveyances of personal property, such as some appliances, lighting or window treatments, or furnishing. Avoid argument and further negotiation by assuring there is zero confusion about what is included in the sale price.

Another factor that should be clearly spelled out is the consequences of a breach in contract by either side. This is a binding legal document, whereby buyers in breach can lose their deposit, or sellers in breach can be sued for "specific performance" to force the sale of the home.

It's best for you and your representative to review a standard contract before you make or consider a purchase offer. Know what to expect and be prepared to negotiate to Yes!

Second Home Market Remains Bright

2008-04-02T09:10:00.002-04:00

by Peter G. Miller

In the midst of all the gloom and doom on the housing front, one remarkably-bright statistic has just been announced: Last week the National Association of Realtors reported that 12 percent of all existing home sales last year were not primary residences, they were instead vacation homes.

It turns out that a lot of us have second homes at the lake, the beach, in the mountains or just somewhere different. The idea that so many of us have not just one house but two is at least counter-intuitive given that almost 1.3 million homes were lost to foreclosure last year, according to figures from RealtyTrac.com.

What do such numbers say about our housing market?

It takes a given number of dollars each month to support a primary residence, a standard that a large number of owners are not meeting. As the Mortgage Bankers Association explained in its most-recent delinquency report, "the rate of foreclosure starts and the percent of loans in the process of foreclosure are at the highest levels ever."

And yet at a time when many households are plainly having huge problems, it's clear that another group of households is doing very well. Not only can folks in this second group support one house, they can afford at least two.

The implicit reservoir of wealth represented by vacation property owners is important because it means there are large numbers of people out there with dollars that can be used to stroke the economy. If this trend holds up, it also means that about 600,000 second homes will be sold this year, a big and positive number at a time when big and positive numbers should be welcomed.

Published: April 2, 2008 http://realtytimes.com/rtpages/20080402_millerreport.htm

Ardsley Park - SUPER SUNDAY - Open House Event

2008-04-01T14:08:00.007-04:00

Sunday, April 6th
12 - 5 PM

Please join us for the Ardsley Park - SUPER SUNDAY - Open House Event Featuring 16 homes in beautiful Ardsley Park.

12 - 2 PM
203 East 53rd Street
215 East 53rd Street
501 East 57th Street
623 East 52nd Street
324 East 54th Street
113 East 53rd Street
112 East 53rd Street
602 East 52nd Street
114 E 57th Street

3 - 5 PM
519 East 45th Street
601 East 44th Street
525 East Victory Drive
402 East 48th Street
611 East 49th Street
3710 Abercorn Street

12 - 5 PM
340 East 50th Street
702 East 44th Street

New Homes: Designing Your Own Wall Plans

2008-04-01T09:27:00.002-04:00

by Dena Kouremetis

Whether or not you have the vision of Frank Lloyd Wright, or don't know a casement window from a double-hung, you can now create window and wall designs from thousands of possible combinations that reflect your own personal style.

Bayport, Minn.-based Andersen Windows has developed WindowCentrics Wall Planner, a new online tool that allows users to visualize how walls will look with windows and doors. Four walls and only one floor means that a wall plan design is just as important as a floor plan, according to Cameron Snyder, the company's brand public relations manager.

The idea for an online design tool, customarily used by builders and contractors to design with clients, was designed with consumers in mind -- people who often perform design services with pencil and paper.

The program takes users through the process of computer-aided design, allowing them to choose a wall shape from 16 available templates that include six families of Andersen windows and patio doors. Pre-designed window and door combinations or individual units are then “dropped” into the virtual wall space.

In addition to the design and layout, the tool allows users to personalize their design by selecting window trim stain and color options and adding color and texture to the wall. You can even enhance it with images of furniture, people, pets, and plants also can be used to demonstrate scale. The results can be saved as a PDF file for sharing.

To get you started, the Andersen Wall Planner offers a photo library that automatically generates window combinations inspired by real homes and automatically adjusts the design options to account for the limits of product manufacturing and construction parameters.

For more about WindowCentrics, go to andersenwindows.com/design.

Published: April 1, 2008 http://realtytimes.com/rtpages/20080401_newhomes.htm

504 East Bay Street

2008-03-31T09:05:00.001-04:00

You're Invited!

2008-03-27T14:18:00.009-04:00

Please join us for an OPEN HOUSE TOUR.

This tour is coinciding with the 73rd Annual Savannah Tour of Homes & Gardens. Please feel free to peruse all of the homes on the OPEN HOUSE TOUR by clicking on the links below.

Friday, March 28 -- Southwest Quadrant
West of Bull Street and south of Liberty Street (Pulaski, Madison, Chatham, and Monterey Squares)

Saturday, March 29 -- Northeast Quadrant
Oldest neighborhoods of Savannah -areas that encompass Warren, Washington, Greene, Columbia, Oglethorpe, and Crawford Squares

These homes below will be open both Friday & Saturday from 2-4pm

347 Tattnall
616 Barnard
108 E Jones
112 E Jones
1 W Jones
316 E Jones
210 W Harris
201 E York
909 Whitaker

Sunday, March 30 -- Ardsley Park
623 East 52nd (2–4pm)
601 East 44th (3–5pm)
702 East 44th (3-5pm)

Curb Appeal: Stamped Concrete

2008-03-27T12:09:00.001-04:00

Curb appeal is the first impression of a home or property as viewed from the street. And it can actually increase the value of your property for resale, or better yet, cause envy from nearby neighbors.

One of the hottest trends right now in curb appeal is the creation of distinctive driveways.

Options for driveways used to be pretty simple, asphalt or concrete. But these days the possibilities for concrete are practically limitless, allowing you to take your carport from blasé to beautiful.

Stamped concrete, often referred to as "patterned concrete" or "imprinted concrete," is concrete that has been designed to resemble other more expensive materials such as brick, slate, flagstone, tile or even wood. And the cost effectiveness, easy maintenance and endless design possibilities are making stamped concrete a must-have.

In stamped concrete you can incorporate decorative patterns, even using other elements such as bond brick, hexagonal tile, worn rock or stone. And the use of stains can make your home all the more elegant and inviting. Some of the color choices include Green Lawn, Cola, Aqua Blue, Venetian Pink and Sandstone Cream.

If you have an existing driveway, there are ways to get a lasting makeover without starting from scratch. For instance, you can resurface your concrete with overlay systems to eliminate cracks or blemishes, or you can choose to permanently engrave or sketch patterns for an enhanced appeal.

For more information about concrete stamping and sketching, and for help finding a local contractor in your area, visit www.concretenetwork.com.

Published: March 27, 2008 http://realtytimes.com/rtpages/20080327_curbappeal.htm

OPPORTUNITY IN ANY MARKET!

2008-03-27T11:48:00.001-04:00

Whether the market is up or down (and particularly if it's down), buying a "fixer-upper" and updating it can prove to be a profitable venture. As with any real estate investment, however, it's wise to enter with eyes wide open. Knowledge and caution will help you avoid common pitfalls.

The ideal candidate for such a purchase would be priced roughly 30 percent below the value of nearby homes, and located in a community with low crime rates and good schools. The only thing you can't repair or improve is a poor location.

And just because you can improve almost anything doesn't mean that you should! Avoid homes in need of truly major (and unprofitable) repairs such as the foundation, structural plumbing, or complete kitchen and bath renovations. Because these features are simply expected by buyers, they won't necessarily add any value to your offering.

Another aspect that is often overlooked is your fixer-upper's proximity to where you live. Keep it within an hour's drive, because you'll want (and need) to check in regularly, probably daily, while your repairs and renovations are in progress. The cost of fuel is high enough these days that you don't want to blow your profits on your gas tank!

There are many fine homes being offered at lower prices by motivated sellers. Don't overlook the opportunity these properties present!

Realty Viewpoint: Watch The Dates Of Housing Reports

2008-03-26T09:20:00.001-04:00

by Blanche Evans

It didn't take long for the bloom to leave the rose. The notoriously pessimistic backward-looking S&P Case-Shiller Index says housing prices fell a record 2.4 percent between December and January and 10.7 percent for the year. Following on the heels of the February report from the National Association of Realtors, the Case-Shiller report appears to contradict the NAR's findings that home sales went up 2.9 percent and home prices fell 8.2 percent over the past year.

Well, there's a reason for that. The two reports don't cover the same period, the same markets, or the same types of housing. The NAR's report covered February, not January, and it includes all market areas where there's a Realtor reporting sales, and it includes multifamily housing such as condos and coops.

So to say the NAR's report is a little more relevant is an understatement.

So you have to be careful what you read and what you pay attention to.

But that didn't stop the financial press from fueling more housing panic.

CBS Marketwatch used this headline - "Housing Prices Fall At Record Rate" to tell this story: "Home prices in 20 major U.S. metro areas have plunged a record 10.7 percent in the past year as prices continued to decelerate, Standard & Poor's said Tuesday."

CNNMoney.com used this headline: "Home prices: Down record 11 percent - The residential real estate market continues to deteriorate in 2008, with 20 key markets reporting steep drops."

Gee, is this happening right now? No, it happened two months ago, to only 20 markets, and to only same-sale homes.

The only comparable report to the Case-Shiller Index is OFHEO's ( the Office of Federal Housing Enterprise Oversight) and it showed only a 3 percent decline in prices for the past year.

There's a reason for that -- OFHEO doesn't include nonconforming mortgages. Just to recap, it's jumbo and subprime loans that have been the most volatile.

No wonder Consumer Confidence is in the dumpster. People don't know what to believe, so they believe the worst.

The Conference Board just reported the lowest consumer view of expectations in 35 years.

"Looking ahead, consumers' outlook for business conditions, the job market and their income prospects is quite pessimistic and suggests further weakening may be on the horizon," said Lynn Franco, director of consumer research.

While consumer confidence is tracked through March, it's still only a short-term forward-looking indicator, and not a credible one at that. Consumers in March were slammed by a plummeting stock market, and many watched their 401k's all but disappear. No wonder they're pessimistic.

They'll pull back on spending, and then prices will come down, and then they'll start spending again, and the whole cycle will start all over.

Published: March 26, 2008 http://realtytimes.com/rtpages/20080326_realtyviewpoint.htm

START MOVING YESTERDAY!

2008-03-21T10:57:00.000-04:00

Let's say you've just decided to list your home for sale. You know there's a lot to plan, but when do you start preparing to move? In a word, NOW! Stay focused and don't panic!

The main aspect guiding your planning will be whether you're moving a long distance or just locally. Either way, begin hoarding boxes, packing tape, moving blankets, packing peanuts - and big black markers to indicate contents and locations on every single box.

In many cases, you'll want to consider a professional mover, and your listing agent can make some excellent recommendations. However, be sure your choice is licensed and bonded, and that their employees have workman's comp insurance. Always get an estimate in writing, from more than one company, and inquire about their equipment, training and experience. References should always be available upon request.

Well in advance of The Big Day, hold a moving sale to reduce the amount you have to pay for your move. Items that don’t sell can often be donated to charitable organizations, or taken to the landfill as a last resort.

When you're finally "outta there," make sure you've brought enough cash for your travel, your medications and supplements, and your children's favorite toys, games and entertainment. It could be a few days before you have access to your belongings, so plan ahead and be prepared!

Tybee Island - Best Place to Retire

2008-03-17T11:10:00.000-04:00

As seen on The Today Show -- Barbara Corcoran has selected Tybee Island as one of the best places to retire!

GET SERIOUS!

2008-02-27T17:20:00.000-05:00

Familiar with the law of supply and demand? In real estate right now, it may seem like the supply of homes for sale is much greater than the numbers of buyers demanding those homes, forcing prices down and decreasing activity. But what's really in shortage may be serious, legitimate sellers.

A committed seller is willing and able to accept the best offer in the current market, and be motivated to do so. Receiving a fair offer is inextricably connected to pricing your home fairly. The best way to arrive at an attractive price is to aggressively challenge the competition. Using past prices, your investment in the home, or even appraisals may not produce the ideal value factor for your home.

If you're serious about selling, let an agent describe to you how an appropriately priced and aggressively marketed home will always generate interest and offers, and will ultimately sell for exactly what it's worth in the current market. All other factors being equal, a home that languishes on the market is simply overpriced, and a seller willing to wait for more than fair price would be better served by waiting until the market catches up before entering the fray.

Remember this Golden Rule: There is a buyer for everything. Any home can be sold in any market when proper pricing is combined with effective marketing.

READY FOR SOME GOOD NEWS?

2008-02-13T12:26:00.001-05:00

Some financial experts have labeled 2007’s market as the "roulette economy." As we all know, whatever goes up must come down, but the nice thing about real estate is that whatever goes down always comes back upward again (much like stocks work).

A healthier market is anticipated in 2008, as Wall Street cleans up the lending mess and the pressure cooker of home demand releases its top. While the national average of home prices declined between one and two percent in 2007, that's peanuts compared to how much homes appreciated in the previous years. And many markets are appreciating still.

Keep in mind that “national” statistics for real estate mean about as much as a forecasted high temperature for the entire nation. Consumers get skittish when they hear that 40% of foreclosures are due to doubtful subprime loans, but it's important to put that in perspective, because those loans only constitute about 10% of all mortgages.

As the lending industry stabilizes and interest rates rise only slightly, buyers who are ready to purchase will discover that housing is still the best investment out there. Ask a real estate agent to monitor new listings, selling times and final sales prices, and then to advise you when conditions are right to either buy or sell. 2008 should be a year of opportunity in the real estate industry.

GIVE ‘EM WHAT THEY WANT!

2008-01-16T10:22:00.000-05:00

You're preparing to sell your home, and you've taken all the right steps. You've contacted an agent to represent you and to market your home, taken care of needed repairs, cleaned up the yard, and given your home the "white glove" treatment. How else can you attract buyers and a full price offer?

What buyers want when they purchase a home is peace of mind. With a policy called a home warranty, you can practically guarantee it! A home warranty is particularly attractive to prospective buyers if your home is more than fifteen years old, or if your major appliances (including heat and air) have long passed their younger days.

These warranties cost just a few hundred dollars, and will cover the cost of repairs to or replacements for the appliances and systems in your home. Imagine the confidence this will inspire in buyers, who will understand immediately that they won't have any unplanned repair expenses after their purchase. A blown heat pump or leaking dishwasher are corrected with a phone call and very small service call fee.

Of course, a home warranty is a valuable policy regardless of whether you're selling or buying, and experience shows that many buyers choose to renew their coverage after the seller's contract expires. When it comes to home ownership, peace of mind is like money in the bank!

COMPETE AGAINST THE BIG GUYS!

2008-01-03T09:37:00.000-05:00

Sellers face any number of challenges, but what if you're in the position of listing a modest home in what has become an "upper- end" community? You might not expect to fetch a selling price that compares to the McMansions that have popped up, but you might be surprised to learn that, if presented and marketed properly, you could get even more on a per square foot basis.

Most critical to selling success is pricing your home very carefully. Shooting for the moon at the outset can spell disaster later. The longer your home remains on the market, the more it will be perceived as "stale inventory" unworthy of consideration. Remember that you could be at a real advantage if you price your home fairly against pricey competition.

On the exterior, strongly consider employing a landscaper to bring your property up to par. First impressions still count! On the interior, pay attention to details. Finishes, paint colors, and wallpaper all contribute to the perceived style of your home. Hardwood flooring is a great barometer of your good taste, and is a highly desired feature among upper-end buyers.

A more modest home in an upscale area will naturally draw attention because of its perceived value as compared to the competition. With proper pricing, a positive attitude, and professional representation, you've got little to worry about!

A Brighter Note for Housing

2007-12-21T11:49:00.000-05:00

While the Grinch may have had his way with housing this past year, better days are ahead. NAR Chief Economist Lawrence Yun tells us that the economy and housing will easily escape recession, but foreclosure rates will continue to rise in 2008. Some markets will do better than others, however on the whole, the national home sales and price situation will be very similar in 2008 to 2007.

Click here for full article.

"Copyright National Association of REALTORS®, Reprinted with permission."

Real Estate Professionals -- Still the No. 1 Choice by Home Sellers

2007-12-21T11:41:00.000-05:00

In a soft housing market, home sellers need help. And real estate professionals are there to provide it. While the Internet and other tools are indeed useful for those looking to buy a home, home sellers still rely on the expertise and knowledge of their real estate agents. Our Market Intelligence feature this month looks at what those sellers most want from their real estate professionals.

Click here for full article.

"Copyright National Association of REALTORS®, Reprinted with permission."

DEBT RELIEF IS NOT TAX RELIEF!

2007-12-20T10:15:00.000-05:00

You've certainly heard and read many reports about defaults on mortgage loans. There are many reasons homeowners face such situations, some of which are completely beyond their control. There are also several solutions, but each carries a consequence.

In one example, a family had to relocate for an attractive job offer. The home they were selling languished in a slow market for over six months, and they defaulted because they couldn't continue the mortgage payments.

Their agent negotiated a "short sale," whereby the lender accepted an offer that was $10,000 less than the loan balance (rather than begin unpleasant foreclosure proceedings). In this case, it's important to understand that the shortfall is considered "debt relief" and is reported as taxable income to the IRS.

Since the sellers didn't have to repay that $10,000 to the lender, the IRS considered it the same as $10,000 income. This debt relief from a short sale is considered taxable to the borrowers, and the corresponding Form 1099 must be reported.

This is one of the simpler scenarios created by defaults or foreclosures, which are becoming more common as market corrections and rising interest rates prevail. No matter what reason you or someone you know might be facing default, it is absolutely critical to consult with a tax adviser and a trusted real estate agent before deciding how to proceed.