Atlanta Real Estate Blog 
The Tax Credit Effect - Can it Help Save the Market
Thursday, October 22nd, 2009 at 1:49pm. 410 Views, 12 Comments.
After strong mid summer sales and real hope for 2010, the residential real estate outlook has dimmed again. The $8,000 tax credit is looking very much like the last great hope for 2009 to bring back some balance - or at least give a strong push of the pendulum back in the balance direction. The chart below shows sold single family residential units compared to pending residential units monthly during 2009.
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The uptick is incredible…
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Summer Speeds by Taking Deals of a Lifetime with It
Sunday, September 13th, 2009 at 10:41am. 710 Views, 12 Comments.
Summer of 2009 is coming to a close quickly and some of the best deals in a generation are leaving with it. Were you able to capitalize on those deals or are you still waiting for prices to drop? If you're waiting, here is a recap of what you missed and why you may reconsider your position of waiting...and oh yeah...it looks like prices aren't really dropping any more - at least for good properties and especially in the more sought after areas of Atlanta
The average price for a home has dropped 8% in North Fulton since the summer of 2008, but, prices are trending up, sales volume is trending up and inventory is trending down. We are still down in price from the summer of 2008 because pricing continued to decline until February of 2009 (they have been…
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I am Very Proud that I Require Contact Information to View Properties on my Website
Thursday, August 27th, 2009 at 8:46pm. 1131 Views, 20 Comments.
A couple of years ago I decided to require contact information to view listing details on my website. When I made the decision, I knew that some people would leave or become frustrated at having to provide me contact information but more people would be fine with providing a way to be contacted. To make that decision for people and not ask for the information, in my opinion is not a good business decision, but people can disagree on this point. To call it against consumer interest, immoral or unethical is to not fully comprehend the consumer. Requiring registration also allows me (and now my team) to help consumers if they want it. That in turn is good for business and good for consumers. If they don't want to be contacted, they won't register. No harm, no…
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Short Sales 101
Thursday, August 27th, 2009 at 9:39am. 890 Views, 8 Comments.
If you are in the market for a home or are trying to find a way to sell your home and feel you are upside down, you might think that the best option is a short sale or a foreclosure. In subsequent posts, I'll get into more detail about foreclosures and if you want to skip this, you can go straight to our Atlanta foreclosures page or our Atlanta MLS page to search for short sales more specifically.
I'd like to go over short sales first because there is definitely more confusion over them, more contract issues and more complications with getting them closed than foreclosures. In my experience, they are more difficult than most other transactions right now. With all of that said, they can also represent an excellent value - but not all the time and not for all…
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Pingback/Trackback Test
Wednesday, August 12th, 2009 at 7:47pm. 987 Views, 2 Comments.
Testing that pingbacks and trackbacks work so I am linking to a new Keller Williams blog theme for WordPress
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Waiting for the Bottom - You May Have Missed It
Wednesday, July 22nd, 2009 at 6:30am. 827 Views, 20 Comments.
Waiting around and smelling the flowers? If you are one of the many buyers waiting for the bottom, it's quite possible that you have missed it. Waiting on a "bottom" is a terrible homebuying strategy anyway, but, now is really the time to get off the fence. We as real estate professionals are not capable of exactly calling the bottom and that means that you as consumers have no chance of doing so. Think I'm wrong? We now have had four consecutive months where the average price of homes for sale in Atlanta is higher than the previous month. In February it $172,860. Now it's $209,999 or over $37,000 higher than the low! Translated, this means since February, prices have gone up every month so many areas the "price bottom" may be behind us. The confluence of…
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Homes for Sale in Crooked Creek - A Market Update
Monday, July 20th, 2009 at 6:51pm. 502 Views, 3 Comments.
Crooked Creek is a fantastic golf and country club community located in Milton undergoing something of an unusual change for a neighborhood in the real estate market today. A robust $4,000,000 renovation to the facilities is being undertaken in a real estate market that has just taken a beating over the past few years. With homes dating to the mid nineties, many people believed that these updates may do the community well and freshen up the general appearance. This may still happen, but, construction is behind schedule and we'll really have to wait another year to see if that plays out. Until then, here is an update on market statistics. Faced with lots of competition in the zip code for similarly priced homes, staging, marketing and price ring true as…
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Homes for sale in Atlanta Down, Pending Sales Up – What it Means
Tuesday, July 7th, 2009 at 3:34pm. 881 Views, 9 Comments.
In March, I wrote about what I thought was going to happen this summer and moving forward in the Atlanta market. It does appear that what I thought might happen is actually beginning to take place and that is good news for a real estate market that is in desperate need of something positive and tangible to hold onto. Many of you may have read reports earlier this year in the AJC indicating price increases in certain areas of the city, but, they failed to place the fine print in an easily readable place in the article and the realities are that those reports are not very accurate. Fortunately, this report is very accurate as we won’t neglect to include foreclosures and other necessary parts of the equation that make up today’s market.
First, the actual…
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Monte Hewett Resale Home in Great Location - Walk to Marist!
Friday, May 15th, 2009 at 9:39pm. 839 Views, 8 Comments.
Every once in a while, a great home in a great location comes available - this is one of those homes. Located inside the perimeter and just off of Ashford Dunwoody within walking distance of Marist, this 4 bedroom 3 and a half bath home sits in the quiet Brookhaven neighborhood of New Haven off of Harts Mill. As you enter, you immediately notice the bright and open floorplan. From the front door, you notice the 2 story foyer, hardwood floors and you can see through to the kitchen, breakfast room and into the family room.
This is actually the formal dining room that has been decorated to be more of a casual sitting room than a formal dining room as you enter the house. As you walk back, into the kitchen, you will see the extremely useful and usable floorplan…
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Foreclosures We Followed - Where are They Now?
Saturday, May 9th, 2009 at 9:31am. 991 Views, 17 Comments.
A few months back I wrote a few posts about some excellent foreclosure deals in Roswell and Alpharetta. One is a foreclosure in Glen Abbey, one is a great investment property in Berkshire Manor and another is a large home with a pool in Brookfield Country Club. The purpose of all three of these posts was really twofold:
1. They were good deals.
2. There is a terrible misconception on the part of the buying public (many of which are regular buyers who believe this is a good time to "invest") in understanding how to ascertain value and/or an offer price on properties such as these which is truly unfortunate because there really are so many great deals.
I figured if I went through a few examples, we might help set some buyers get straight on the process. It's…
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