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Judi Ross
Re/Max Savannah

350 Hodgson CT
Savannah, GA 31406
Office:  912-355-7711
Judi's Direct Phone: 912-657-8070
Email: judi@judiross.com

Welcome & Thank You For Visiting
"Focused On What Matters Most To You"

Welcome to Savannah, Georgia's First City, a historic city with a revered past, a vibrant present and an exciting future. Savannah has an atmosphere and charm fostered by residents who have cherished and preserved its past. Our love of history is embodied in the beautifully restored homes, churches and public buildings that grace the city's unique, tree-filled squares, and that affection has given rise to a tourism industry that's boomed dramatically since the mid-90s. 
Energized by the upsurge in tourism and other positive economic factors, we have entered the 21st century in the enviable position of being able to use our past to enhance our present and future. Our Landmark Historic District is in the midst of a commercial revitalization that is spreading to the midtown Victorian District and spilling over into the eastside islands, the fast-growing Southside and the industrialized areas west of Savannah. 
Savannah is not only a top tourist destination but also an ideal city for business or family. Our diverse economy forms a strong business and employment base ranging from manufacturing to distribution, from tourism to military, from healthcare to port operations and retail sectors. Savannah is home to Hunter Army Airfield and Fort Stewart military bases. Combined the two bases employee more than 42,000 people and generate an annual direct federal expenditure of $1.4 billion dollars.


 


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simplifying the Market

Homes Selling Quickly Across The Country

Homes Selling Quickly Across The Country | Simplifying The Market

According to the National Association of Realtors’ (NAR) Existing Home Sales Report, homes were on market for an average of 58 days in December. This was slightly longer than the 54 days in November, but still better than the 66 days experienced in December 2014. 

32% of homes across the country were on the market for less than a month!

Colorado, Utah and Delaware led all states as homes are selling in 30 days or less on average. The map below was created using results from NAR’s Monthly Realtor Confidence Survey.

Homes Selling Quickly Across The Country | Simplifying The Market

Bottom Line

Buyer demand remains strong. The inventory of homes available for sale remains low. If you are thinking about listing your home for sale this year, let's get together to talk about how you can take advantage of current market conditions!

0208-STM.jpg (image/jpeg, MB)

Where Are Americans Moving? [INFOGRAPHIC]

Where Are Americans Moving? [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • For the 4th year in a row the Northeast saw a concentration of High Outbound activity.
  • Oregon held on to the top stop of High Inbound states for the 3rd year in a row.
  • Much of this Outbound activity can be attributed to Boomers relocating to warmer climates after retiring.

This Time “Mr. Wonderful” is just WRONG!!

This Time “Mr. Wonderful” is just WRONG!! | Simplifying The Market

Recently, on CNBC’s Closing Bell, Shark Tank investor Kevin O’Leary, also known as “Mr. Wonderful,” said Millennials “don’t give a poo-poo about owning a house.” This thinking couldn’t be further from the truth. Let’s give a few examples to make this point.

1.) In the recent National Housing Market Survey conducted by Fannie Mae, it was revealed that:

“…data indicates that millennial renters today have as much desire to own a home as the general population of renters. According to NHS data, the substantial majority of renters age 25-34 say that owning makes more sense than renting from a financial perspective. A majority also agree that owning makes more sense than renting from a lifestyle perspective. The vast majority of millennial renters tell us they plan to own a home at some point in the future.”

2.) A recent Merrill Lynch report found that 81% of Millennials agree that “homeownership is an important part of their personal American Dream”

3.) The most recent H.O.M.E. Survey explained that 85% of Americans ages 34 and under believe that “homeownership is a good financial decision”.

Bottom Line

Kevin O’Leary might be a great white shark when it comes to investing in companies. However, he is just a guppy when dealing with the residential real estate market.

Clownfish-Shark-Fin.jpg (image/jpeg, MB)

Will Appraisals Continue to be a Challenge in 2016?

Will Appraisals Continue to be a Challenge in 2016? | Simplifying The Market

First American Title issues a quarterly report, the Real Estate Sentiment Index (RESI), which “measures title agent sentiment on a variety of key market metrics and industry issues”. Their 2015 4th Quarter Edition revealed some interesting information regarding possible challenges with appraisal values as we head into 2016.

“The fourth quarter RESI found that title agents continue to believe that property valuation issues will be the most likely cause of title order cancellation over the coming year.”

This shouldn’t come as a surprise. In a housing market where supply is very low and demand is very high, home values increase rapidly. One major challenge in such a market is the bank appraisal. If prices are jumping, it is difficult for appraisers to find adequate, comparable sales (similar houses in the neighborhood that closed recently) to defend the price when performing the appraisal for the bank.

Another monthly report by Quicken Loans measures the disparity between what a homeowner believes their house is worth as compared to an appraiser’s evaluation. Here is a chart showing that difference for each month through 2015.

Appraiser Home Value Opinions vs. Homeowner Estimates | Simplifying The Market

Bottom Line

Every house on the market has to be sold twice; once to a prospective buyer and then to the bank (through the bank’s appraisal). With escalating prices, the second sale might be even more difficult than the first. Let's get together and discuss how this may impact the sale of your home.

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Testimonials Page

When my husband and I first started our house search, we were not completely sure what we wanted. We met with Judi Ross and she spent a great deal of time with us to determine what we needed/wanted, after which she showed us several options (condos, houses), which helped narrow down our search. She expertly guided us through the real estate maze to help us discover the house that was perfect for us. Mrs. Ross has an incredible knowledge of the Savannah area and has an intuitive vision for expertly guiding her clients through the maze of real estate choices in this area. Her experience and vast familiarity of the greater tri-county area make Judi Ross is the consummate real estate agent. Scott and Elaine Nelson
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