Fox Hollow Golf Course Home for Sale!

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Located on the 6th Fairway of the lush Fox Hollow golf course is this pristine, free-standing two bedroom, two bath villa in the gracious and gated Peachtree community.

The covered entry way opens onto the stunningly tiled foyer to reveal the ideal home office/den with wood laminate flooring. Gently curving archways provide elegant transitions from room to room.

The updated eat-in kitchen with decorative plantation shutters features quartz countertops that are resplendent against the gleaming 42″ cabinets topped with crown moulding.

Under cabinet lighting highlights the striking custom backsplash which gives the kitchen its unique character. The Great Room plan with formal dining area enjoys views through an elegant picture window and glass-paned French doors. These are offset by a marble-front, wood-burning fireplace adorned with a decorative mantel.

The indulgent master bath is completely redesigned and updated with its oversized walk-in shower, dual sinks, 2 large walk-in closets, recessed lighting, peekaboo window, and private doors out to the screened lanai; which was extended to expand the panoramic view of the green.

Besides the new cabinetry in the kitchens and baths, recent improvements include: a new water heater, newer garage door, and AC. Along with the amenities of the renowned course designed by Robert Trent Jones and a sparkling community pool, the exterior maintenance and painting are incorporated in the HOA fee.

Trinity Home: Golfer’s Dream, Chef’s Delight

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homeAn elegant wrought iron entrance is your introduction to the stunning gated community of Spyglass in Fox Hollow.

Along a peaceful winding street, you’ll find this special 4 Bedroom/3 Bath/3 Car Garage home situated on the famous Fox Hollow Golf Course.

Framed by lush landscaping, a paved walk is shaded by a barrel entryway and stately columns. Through the classic, etched-glass double doors, the spacious formal living room and dining room welcome you. Inside, glossy hardwood floors reflect the natural light that streams in from beautiful picture windows.

The family room has it all with a see-through fireplace with granite face and wood mantel, plenty of built-ins to house family treasures, triple sliders to the outdoor entertainment area, and open access to the exquisite kitchen that is designed to perfection.

An over-sized breakfast nook looks out over the crystal clear pool with Pebble Tec and waterfall, while the breakfast bar and center island gleam.

Customized kitchen drawers, a built-in wine rack, and polished stainless steel appliances give the room a homey, yet contemporary feel. The master bath is luxurious, accented with brilliant white tones and glass block, dual sinks, and a extra-large double head shower.

A spectacular bonus suite shares the family room fireplace and offers a set of sliders to the pool. It boasts its own full bathroom and heated Jacuzzi tub. Along with a new A/C, you can live the life in this Trinity dream home.

When Should Buyers Buy?

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When’s the best time to jump into a buyer’s market? How long should you actually wait before you sign on the dotted line? In some areas where the prices are still declining, how can you make the decision if you don’t know how much lower the prices will go? There are a couple of variables that can help you make your move.

Some Home Buyers Should Buy Immediately
Your situation should dictate your decision:
If you are a seller who wants to move up to a more expensive home in a down market, now could be the best time. The longer you wait to sell, the lower the price of your home could fall.
If you can arrange for a temporary place to live, a smart strategy is sell now, wait a few months, buy your new home.

The Impact of Interest Rates
As interest rates increase, waiting to buy can cost you and you might not be able to afford to buy a home at any price:
Each 1/2 point increase in your interest rate gives you $25,000 less in purchasing power.
Each 1 point increase in your interest rate gives you $50,000 less in purchasing power.
Each 2 point increase in your interest rate gives you $100,000 less in purchasing power.

Purchase Prices versus Interest Rates
If you put down 20% and qualify for an 80% loan, here are your principal and interest payments on the following purchase prices:
$425,000 sales price, at 8.25% interest, your payment is $2,554.
$450,000 sales price, at 7.75% interest, your payment is $2,579.
$475,000 sales price, at 7.25% interest, your payment is $2,592.
$500,000 sales price, at 6.75% interest, your payment is $2,594.
$525,000 sales price, at 6.25% interest, your payment is $2,586.

The payments are almost identical. However, the home you can afford to buy a 8.25% is $100,000 less than the home you can afford to buy at 6.25%. If you wait for prices to further decline, the perceived value could be lost due to higher rates.

Your best strategy is to weigh all the pros and cons first. Don’t let newspaper headlines dictate your decision!

Interest Rates from Brian

(This great graphic is courtesy of Brian P. Forrester of VanDyk Mortgage Corporation).

Don’t Sell Yourself Short

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In any buyers’ market, the quest for the best deal is foremost on the property seeker’s mind. But there are many misconceptions about what constitutes a great opportunity.  Just because a home is listed as a “short sale in Trinity!” does not mean it is your best option. And the same goes for bank owned properties; on all fronts, buyers need to be very sure about what they are getting themselves into.

Short Sales in Trinity – Pricing vs. Value

For instance, a “short sale” does not mean it is listed at a better price than other homes in the neighborhood. The lender wants to recover as much of the money owed to them as possible, so the amount they agreed to accept from a buyer is typically pretty much in step with fair market value.

Besides, there are a ton of motivated sellers on the market whose homes are priced as well as any short sale. The difference to the potential buyer is that these sellers are adjusting their prices commensurate with market fluctuations. Today’s short sale property could potentially be worth less after the three, six, twelve months that it can take to get the contract to the closing table.

Property Condition

A short sale property may not be receiving the best care. Since the seller is likely encountering financial difficulties, they may be prohibited from consistently maintaining  it.

And if you go down the road of a bank owned home, you won’t have benefit of a real live seller with whom to negotiate repairs; and the pool, roof, and lawn may not be in the best condition. You are instead dealing with a financial institution that is backed by a battery of attorneys; your list of repairs and your concerns are inconsequential.

Short sale or bank owned — you may not just be capitalizing on someone else’s misfortune; you may very well be inheriting a headache, tread cautiously.