Blue Ridge GA Real Estate Market Report

 North Georgia Blue Ridge Mountains – Real Estate Market Report
March 2012

Real Estate Market Stats are a bit dry so I’ll just hit the highlights for Blue Ridge Georgia and surrounding counties as reported by the *Northeast Georgia Multiple Listing Service.  If you have questions about this information or want more detailed statistics for your respective area/neighborhood, please contact me.

March Closed Sales off a bit from March of last year, particularly in Fannin County. May not be significant unless we see the trend continue for additional months.

Total Sales	January	February	March
2011	181	196	244
2012	232	200	227

Closed Sales by County

County	January	February	March
Fannin
2011	48	58	79
2012	42	53	42
Gilmer
2011	46	27	54
2012	54	53	58
Union
2011	36	51	44
2012	44	35	45
Towns
2011	11	09	23
2012	21	15	22

**Active Foreclosures for sale = 538 (down from 772)

Total Sales	January	February	March
Foreclosures
2011	83	92	138
2012	110	83	92

Overall:  Inventory (# homes for sale) starting to get Low
Year          #Homes for Sale
2011          9418
2012         7743

(2007) 12,857

Land sales for larger parcels went up last month, so we are expecting that builders and developers will be back in the market sooner rather than later. 

 * All information deemed accurate but not guaranteed at the time this data was gathered.

** Stats include the Georgia counties listed above plus a few outlying counties in North Carolina and Tennessee (Clay, Cherokee NC and parts of Polk TN)

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Donna Yates
Associate Broker, GRI
706-633-0644 Mobile
donna@ellijay.com
http://www.move2northgeorgia.net
http://www.facebook.com/NorthGeorgiaMountains

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Real Estate Client vs. Customer Brokerage Relationship – What Does It Mean?

I received an email from Joe asking about brokerage relationships regarding client vs. customer.  Thank you Joe for asking and I’m happy to answer it because if you are not sure then there will be plenty of others who are not sure as well.

Joe asks:  I have been told that brokerage relationships are defined as either client or customer.  Is this true and what is the difference?

Joe, it is true and here’s how it works:

There are two broad categories of brokerage relationships which are: 1) broker-client relationship and 2) broker customer relationship.

Let’s start by explaining:

Broker-Client relationship (key word here is client)
This means the broker is representing a buyer or seller as a client.  Another words, the broker is acting as his or her legal agent in buying, selling or leasing real estate.  In Georgia, this type of relationship can only be formed by the broker and the buyer or seller entering into a signed written agreement. The agreement will explain things such as: how the broker will be paid, broker duties to the client and the type of other agency representation offered by the broker. A key component of this type of relationship is each party pledges their complete loyalty to each other and the agent will represent the client’s best interest within legal and ethical boundaries.

Broker – Customer relationship.  The broker in this case is not representing the buyer or seller in an agency capacity.  The broker may still work with the customer and provide ministerial services.  What are ministerial services? Services for a customer are limited and fairly generic such as:  Broker may identify properties for sale or lease, provide pre-printed real estate contract forms, prepare contracts within the legal instruction of the customer and assist in referring customer to lenders, inspectors, closing attorneys, appraisers, etc. but would not provide client level services such as negotiating on the client’s behalf, provide information that an agent may have about a property which would be advantageous  to the buyer in securing the best deal, offering guidance on making an offer price  and suggesting other negotiating strategies advantageous to the buyer client, etc.

Joe, I hope this answers your question but if you or anyone else reading this needs more information, please be sure to call, text or email me.

Donna Yates
Associate Broker, GRI
706-633-0644 Mobile
donna@ellijay.com
donna@donnayates.com
www.move2northgeorgia.net
www.georgiacabinsforsale.com

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