Brand new construction in Willow Walk Subdivision! This four bedroom, three bath home of 2,900 square feet offers a courtyard entry 2-car garage. Enter from the covered front porch into a beautiful space with luxury vinyl plank floors, that houses both a dining area and the living room with a gas fireplace and coffered ceiling. The spacious kitchen offers granite counters, stainless appliances and a breakfast nook where a staircase leads upstairs to a bedroom with a full bath. The primary suite also has a coffered ceiling and offers two walk-in closets and an en suite bath with tiled shower, freestanding soaking tub and double vanities. On the opposite side of the home, two guest rooms share a hall bath. Past the living room, you’ll find a sunroom that opens to a back patio. Enjoy all the neighborhood amenities, like the 2.5 mile walking trails, covered bridge, party pavilion with fireplace and stocked ponds! This home is also located just minutes from the Headland Country Club and Golf Course. For more information, contact Laurie Peacock, (334) 618-9639 or Tyler Scofield, (334) 258-0896!
Berkshire Hathaway HomeServices Showcase Properties would like to recognize the “Showcase Agents” for the month of February-
Ramona Miley, Jackie Johnson, Danita Murdoch, Molly Gomillion, Kristin Kruger, Kim Lee, and Tim Vierkandt!
These highly trained and motivated professionals continue to set the standard for productivity, professionalism, client satisfaction, and commitment to career development. Our team of professionals at Berkshire Hathaway HomeServices Showcase Properties is “Committed to Excellence - Every Day in Every Way.”
TRANSACTION ADVICE
Who Pays the Closing Costs?
Closing costs are fees paid to third parties to finalize a home purchase, explains Fool.com, by both the buyer and the seller. Costs can vary widely depending on state requirements, the type of loan the buyer has, the fees that the lender charges, local customs and any arrangement negotiated between the buyer and seller.
The majority of the closing costs are related to the Buyers’ mortgages such as loan origination fees, discount points, mortgage insurance and more. There are also other third-party fees such as attorneys’ fees, appraisal fees, escrow fees and title search fees, prorated shares of property taxes and hazard insurance, and more. Buyers may be required by the lender to escrow monthly payments in advance for one to three months and property taxes and insurance for up to a year in advance, also called “Prepaid Expenses”.
Three days before closing, the lender provides a closing disclosure that outlines all fees and the “cash to close” required of the buyer at closing – typically as much as 3% to 6% of the home purchase price. Buyers have the option of paying cash, rolling closing costs into their mortgage, paying a higher interest rate of lender-paid fees and asking the seller to pay them in exchange for a higher purchase price (as long as the property appraises for the higher price).
Who pays the closing costs is negotiable. It’s customary to put a limit on the Seller’s contribution to closing costs, and there may be limits on how much the Sellers can contribute, based on the Buyers’ financing.
LOCAL SPOTLIGHT!
Sunshine Kids Kentucky Derby Gala
Our 2022 event was a success, raising $14,400 for the Sunshine Kids, an organization dedicated to children with cancer. Please help us support this impactful organization again this year, while having a great time at the Sunshine Kids Kentucky Derby Gala on the Green!
Our 2nd Annual Sunshine Kids Kentucky Derby Gala will be held Saturday, May 6th at Mercedes-Benz of Dothan, from 4:00 to 7:00 PM! Enjoy watching the Kentucky Derby in style! Valet Parking, Delicious Food, Cash Bar, Silent Auction, plus Derby Hat and Dapper Dan Contests!
HOME SELLERS' ADVICE
Sellers: Don’t Be Surprised by Repairs
Repairs or replacements that the homebuyer requires to be completed before closing on the sale of your home can blindside you if you’re not prepared. While any unforeseen expenses are an unwelcome surprise, you’ll still have to fix the problems or risk letting your buyer out of the contract and having to disclose the problems to future homebuyers.
Homebuyers have the right to have the home they’re buying professionally inspected. The purpose of the inspection is to inform the buyer as to the condition, age and likely lifespan of major systems and appliances in the home. As a contingency in the contract, the buyer has the choice to proceed with the contract or ask the seller for repairs or replacements. This is fair because many issues with a home can’t be seen with the naked eye. An inspection gives a rough idea of future expenditures; if there are more problems than the buyer is willing to allow, the transaction will be in jeopardy. The buyer can’t help but wonder what other problems may come to light about the home.
Your Berkshire Hathaway HomeServices Showcase Properties Sales Professional knows that the less the buyer finds wrong, the smoother the transaction will be. Before you put your home on the market, hire a licensed home inspector to alert you to unknown problems and repair or replace them so the buyer has no misgivings. You’ll also be able to ask a higher price for your home when it’s in pristine condition.
HOMEBUYERS' ADVICE
How to Avoid Homebuyer’s Remorse
A recent survey of homebuyers who purchased a home in 2021 and 2022 found that 72% had buyer’s remorse. Thirty-one percent paid over asking price, a median of $65,000; 36% made offers without seeing the home; and 43% made concessions to sellers such as waiving a home inspection.
If you’re planning to buy a home in 2023, how can you avoid buyer’s remorse syndrome?
Get prepared. Research neighborhoods and types of homes so you can find a home you’ll be happy with for years to come. You’ll need earnest money, a down payment, payment for a home inspection and appraisal, moving costs, utility deposits, unexpected repairs and replacements and more. Talk to your lender and get pre-approved for a loan, so you’ll know the ceiling of what you can comfortably afford. Be clear about your needs and dealbreakers so your Berkshire Hathaway HomeServices Showcase Properties Sales Professional can help you search for the right property.
Buy within your means. While you peruse homes online, shop within your budget. It does no good to look at homes you can’t afford or that aren’t the best fit for your household. If you need to consider fixer-uppers, make sure your mortgage loan can cover necessary improvements. Be aware of all the costs, including taxes, HOA fees, mortgage insurance, moving, etc.
Ask for seller concessions. Sellers in many markets are lowering their prices, agreeing to fix or replace expensive appliances or operating systems, paying the buyer’s closing costs, and other concessions. All you need to do is ask.
SUNSHINE KIDS
Our Company is a Proud Supporter of Sunshine Kids™
