We really haven’t had the rains we typically see in March. I was hoping for more rain and was hoping lake lanier would be above 1060 ft. I don’t see it rising much more that a few more feet this year. I just hope that we do not see another long drought, rather an above average rainfall for the summer.

With all that said, typically when Lake Lanier falls, home prices fall – when Lake Lanier rises, home prices on Lake Lake rise as well. If you’re thinking of buying a lakehome on Lake Lanier, historically this may be the best time ever to buy. You can count on a few things.

1. Lake Lanier will rise to full pool or at normal levels. When it does, home prices will increase also,
2. Intrest rates are at historic lows, not going much lower. Interest rates will rise.
3. Home prices on Lake Lanier are lower due to the recession.
4. Items 1-3 may never occur at the same time again.

So if you’re thinking of buying Lake Lanier Property please allow me to show you how hiring a local Gainesville GA Realtor who specializes in Lake Lanier Real Estate may benefit you at NO COST!

Lake Lanier Islands are a small collected group of islands located on Lake Lanier located in Northeast Georgia. Lake Lanier happens to be the largest lake in Georgia. The islands are now the largest land inside the shores once the dam was built and the low land flooded.

Lake Lanier Islands were originally owned by the State of Georgia, but now is owned privately and currently boasts a full Resort with many accommodations.

The islands are a main local and national tourist destination, with one mile of shore line, beaches, water park, and Georgia’s largest wave pool.  The beach and water park sadly  closed on September 7, 2007 due to the Georgia Drought we are currently experiencing. At the time of this post, Lake Lanier water levels are rising and with good fortune, I expect the lake levels to rise enough that Lake Lanier Islands beach and water park will be open for 2009!

So Lake Lanier Islands here in Flowery Branch Georgia is just one more reason we love to live in North Georgia! If you have any questions about Lake Lanier Islands, Gainesville, Flowery Branch, or Buford Georgia Real Estate…. please do not hesitate to contact me. Maybe you are just deciding to purchase a vacation home near Lake Lanier Islands, or a rental home in Flowery Branch, Gainesville, or Buford GA? Again, I’d love to help you with your research and assist you as your local Georgia REALTOR!

It’s the biggest and most famous lake in Georgia boasting a 38,000 acre reservoir with millions of visitors every year! Over 5 counties and hundreds of miles of shoreline surround Lake Lanier.

Lake Lanier Real Estate has seen a major increase in activity in the past several years. It makes the perfect place to raise a family, vacation, fish, camp, or just hang out on a hot Georgia summer day!

Now is a perfect time if you’ve thought about or are actively looking to own a piece of Lake Lanier Real Estate. The value of homes and land on Lake Lanier is growing fast with price increases estimated to be 10-15% per year. Growth or price increase have slowed recently but again this makes it a PERFECT time to purchase some Lake Lanier Real Estate! Lake Lanier homes have sold for up to $8 million with various properties and the lower end homes with dock permits cost around $350,000.

A general rule of thumb is that houses on Lake Lanier that do possess a dock permit are worth around 30-40% more than those homes which do not. Dock permits on Lake Lanier are in short supply will soon run out. With that said it’s likely that dock premiums will increase in years to come. This is another solid reason to purchase Lake Lanier Real Estate.

Some basic tips to buying real estate on Lake Lanier:

• Houses closer to Atlanta are worth more than those on the north end of the Lake.
• Houses or Lots with deeper water will cost more
• Some lake homes are build with a very steep walk down to the water are worth less than lake homes with a flat short walk to the lake. Pricing may increase per view, meaning a full panoramic open view of the lake is worth more than a partial obstructed view of Lake Lanier.
• Docks with plenty of space on either side are worth more than those crowded into a small space. Homeowners will naturally follow or ”chase” the water as it goes down, if docks are crowded, someone may get cut off.
• Dock permits vary and those that allow large docks  such as a single slip or double slip are more valuable those that restrict homeowners to small docks such as a swim platform.

There are many more factors into buying Lake Lanier Real Estate here in North Georgia. This is why it’s a must to hire a local qualified professional real estate agent who understands the area and Lake Lanier’s challenges. I can offer expert advice and work closely with you, knowing I’ll find you that perfect piece of Lake Lanier Real Estate!

One solution that has become popular around the country is for a homeowner to stop making payments, mail their house keys to the lender (known as “jingle mail”), and simply walk away.

On the Internet, walking away from a mortgage has become a hot topic for real estate bloggers. Many people writing about the phenomenon are quick to condemn ‘walk away homeowners’ as irresponsible, selfish, and wrong. They feel that despite the fact that walking away from a mortgage won’t land a person in jail; they have a moral obligation to satisfy their end of the contract.

In the past, missing a mortgage payment was considered a serious mismanagement of funds, and earned homeowners a poor reputation. Struggling homeowners back them were much quicker to miss payments on their car loans or credit cars, rather than put their mortgages on the line. Now however, the stigma surrounding foreclosure has greatly decreased, and homeowners are weighing the pros and cons of defaulting on their home loan versus getting behind on other types of payments. Homeowners these days are much more likely to put their mortgages on the chopping block before anything else.

There are experts in the industry who recommend homeowners to walk away from their houses the moment they become upside down on their mortgages. They advise struggling homeowners to keep their credit cards and car payments up to date because these offer more tangible rewards than homeownership that’s not building any equity.

There are even companies springing up around the country that offer assistance to buyers who are in over their heads and considering walking away from their homes. Prices for services with these companies tend to range between $600 and $1000. These firms claim to be able to stop lenders from harassing you, and inform you about the legal and financial details you must take into consideration before defaulting on your loan.

While some of these ‘walk away’ companies focus primarily on helping owners get out of their mortgage, others see walking away as a last resort. Their goal is to help people stay in their homes, renegotiate their loans, or find some other reasonable option. The companies that focus more on helping the homeowner keep their home tend to charge less for their services.

Housing counselors generally see these types of organizations as a rip-off to customers. Although they can provide some moral support and offer advice, the information they provide is not worth their cost. Your rights and obligations in terms of your mortgage payments can be found out online, through a free housing counselor, or through your lender. If homeowners do some research on their own, they don’t need to spend hundreds of dollars on an outside service.

If you’re in a situation where you owe more than your property is worth, or you simply can’t afford to make your payments anymore, talk to your lender. Try to speak with the loss mitigation department, and explain your situation. It may take a while to get an appointment, and in many cases lenders brush off homeowners who are still current in their payments. They tend to wait until the mortgage is a few months behind before they’re willing to work with homeowners. However, it’s important to try. A foreclosure is costly and mentally taxing for everyone involved, so it’s in your lender’s best interest to try to renegotiate the terms of your loan.

If you can’t get their attention, see a housing counselor or perhaps a lawyer who can advise you on bankruptcy. While bankruptcy is not an ideal solution, it could offer a temporary reprieve. The important thing is to show your lender that you’re serious about trying to keep your house. Have a plan ready to present to the bank that demonstrates how you plan to catch up on your payments in a way that will be beneficial to you both.

Some say that it makes smart financial sense to walk away from a losing investment, but it’s important to try all of your options before taking the drastic step of walking away. Defaulting will leave a black mark on your credit for many years to come, and only exacerbate the nation’s economic woes.

About the author:
For info about the Minneapolis loft and condo market, go to MinneapolisLoftsAndCondos.com. There, you’ll find Stevens Square Minneapolis homes, plus listings from many other Minneapolis areas.

Article Source: http://www.Free-Articles-Zone.com

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