Atlanta Real Estate Blog 
Short Sales and Distressed Properties in Atlanta
Sunday, February 7th, 2010 at 12:15pm. 415 Views, 4 Comments.
It's with great enjoyment for me to announce that I became a Certified Distressed Property Expert today. Since I began my career in real estate, my #1 goal has always been to help people. Like most real estate professionals today, I thought I could ignore this segment of the market - but recently I realized that this isn't a "segment" of the market, but is instead a segment of our society.
Instead of avoiding these homes and homeowners or casting blame upon them, I believe the best solution is to ensure that they are being represented in the best possible way to protect them from potentially fraudulent predators and to protect home values and neighborhoods by helping to keep these homes out of the foreclosure process and become REO properties.
In the coming…
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Atlanta Real Estate Market - 4th Quarter 2009 - Stats and Graphs
Wednesday, February 3rd, 2010 at 8:53am. 545 Views, 7 Comments.
The comprehensive report on the fourth quarter of 2010 is in. I would like to temper what looks like good news by saying that some of this is government induced and therefore not sustainable over the long term unless the government inducement creates enough sales to reduce the inventory levels significantly as there is almost a certainty that the sales volume will taper off at the end of the tax credit. Perhaps the most important graph below is the median sales price graph with a trendline on it. Please take a look at that graph. Prices are up and when you see the broad view it may change your perspective on the market. If you have any questions or comments, please leave them in the comments section at the bottom and I will post them/answer them for you as…
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Buckhead Condo Market Update - It's Better Than the Overall Condo Market
Thursday, January 28th, 2010 at 10:29am. 341 Views, 2 Comments.
Here is a little summary I just emailed to a client looking to purchase a second home (condo in Buckhead). I thought the stats were interesting enough to post here so below is almost a direct copy of the email I sent. Please visit our Buckhead real estate page if you are interested in viewing homes and condos in Buckhead:
I’m only looking at 2 bedroom condos which represent the largest and most popular segment and I’m only looking at Buckhead. People that want Buckhead typically do not want Midtown or other areas so I want to make sure I don’t get results outside of the relevant market – you could make the case that it is necessary and on some level I agree so I’ve also included the overall market so that we can draw some relevant comparisons. I’ve…
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Atlanta Real Estate Market - Looking Back So We Can Look Ahead - 2007-2009 Sold Prices
Thursday, January 21st, 2010 at 12:53pm. 389 Views, 4 Comments.
I've put together the same information two different ways in the charts below. To me, they show some interesting trends. While they don't give a complete picture, they do show how far we have fallen and the three year history begins to be enough to give us a nice perspective.
Inventories dropped every month in 2009 and the market looks to have stabilized somewhat during the second have of 2009 (see the first chart and compare the second half of 2008 to the same time in 2009. Prices did not continue to fall). There were less than 45,000 homes on the market at the end of 2009. At it's worst in August 2007, there were 72,000 homes. The last time the end-of-month inventory for all single family was below…
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Blue Moon in Buckhead
Thursday, January 7th, 2010 at 8:17pm. 409 Views, 9 Comments.
I suppose this isn't a real estate blog post, but as I was getting ready to get on to GA 400 the other night and head north from Buckhead, this moon was staring at me. So, I jumped out and took a handful of photos.
A blue moon occurs every 2 or 3 years...
Feel free to share it with anyone just make sure to credit the photo. As you look down into the photo, that's Phipps around the bend on the left...
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Prices in Crabapple are Down, Buy Now
Thursday, December 31st, 2009 at 7:44am. 443 Views, 4 Comments.
I can't speak for all of the listings, but I sure can speak about the brand new baby we listed last night (the one to your left). It's in Crabapple Crossroads, it's brand new and it's only $300,000. Yes, that's right. $300,000. View the details here...
4 bedrooms, 3.5 bathrooms, 2 masters; one on the main level and one upstairs, granite kitchen. It's Crabapple Crossroads in Milton. It's everything you would expect except it's only $300,000. Here are a few details:
The address is 209 Roseville Place in Crabapple Crossroads located in the Crabapple Overlay District in the City of Milton on the north side of Crabapple Road and to the west of Birmingham Highway. The schools are Crabapple Crossing Elementary, Northwestern Middle and Milton High.
- FMLS #: 4001683
- 4…
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Redfin Comes to Atlanta
Wednesday, December 23rd, 2009 at 6:55am. 394 Views, 6 Comments.
...and I don't care! If I was Rhonda Duffy or one of the other discount brokers I would be very concerned as it might take away market share from them. We are full service real estate professionals and don't compete based on fees this way. Instead, we use honest to goodness talent backed up with an incentive based fee structure that motivates our agents to do a better job. Good luck Redfin. You will need it. You will have some serious competition here in Atlanta for the discount market. I'm pulling for the local agents (yes, that's you Rhonda :) ).
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I'm Pretty Sure This is how Appraisals are Performed Now
Tuesday, November 17th, 2009 at 9:30pm. 718 Views, 13 Comments.
If this isn't how they are done, it might be obtained by taking a sledgehammer and hitting one of those strongman devices you find at a carnival that has been altered to show prices.
I don't know that I blame appraisers. It's a difficult task when you are trying to appraise a property in an area that you are unfamiliar with. Because of HVCC, we find ourselves in a new era where appraisers are being asked to perform a job for less money than ever before and simultaneously perform fewer appraisals because of the reduction in sales volume. A good portion of the income that appraisers used to make is now taken by the Appraisal Management Companies. What this is really about is how the Federal Government has caused greater harm with it's solution than they ever…
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3rd Quarter Metro Atlanta Statistics - The Overview of the Real Estate Market
Sunday, November 8th, 2009 at 9:28am. 985 Views, 11 Comments.
This information is compiled by Chartmasters for Keller Williams Realty Consultants. It is far more comprehensive and accurate than what you may find in the AJC or anywhere else. I am fortunate to work with an organization who can provide its agents critical information that we can use to help clients in a market that requires this information more than ever. It's also right up my alley as I enjoy understanding the market. This is a graphics heavy post of charts so if you have any questions, please reply in the comments below and I will answer or clarify anything you may see. As soon as I can find a link, I will post the credit to Chartmasters, I just can't seem to find it online right now. Nevertheless, the charts below will shed some light on what is…
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Auctions and Value - Things Aren't What They Seem
Monday, October 26th, 2009 at 9:06am. 725 Views, 12 Comments.
Sold to the lady in the back for $435,000! What a deal! The screen says the previous value for this home was over $1,000,000. I've found it at last! Now I know exactly where to send every person who calls looking for that great deal. The auction!
If you're in the business and you get leads online, you definitely know the guy. Most others in the business know this guy now too. It's just a product of the current conditions. He acts like he knows more than you about real estate and before the phone call is over, he has made you feel like it's true. We get one almost daily, but the problem is, that guy doesn't have a clue about what he is talking about. If you are that guy, I suggest you re-read this paragraph.
I attended an auction this past Saturday with a…
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