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Atlanta, GA Real Estate News

By Leigh and Michael Schiff
(Schiff Realty Partners)
   Plan for $75 million Beltline Project UnveiledBy KEVIN DUFFYThe Atlanta Journal-ConstitutionPublished on: 10/05/07  Lane Co. plans to build 342 apartments and 57 townhomes in the Grant Park area near the proposed Beltline.Plans include an 8-acre park with a dog park, volleyball courts and a garden, and a parking deck for more than 500 vehicles.  The as-yet-unnamed $75 million development will be on 18 acres fronting East Confederate Avenue, between Avondale and Lester avenues."If you go down there and drive around, you'll see it has turned," said Edward Monarchik, a Lane development partner, about the transitional neighborhood. "It has made that turn to the upside."He said that area has few apartments similar to what Lane plans. The complex will have a pool, and rents will start arou...
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By Al Maxwell, Real Estate Agent
(Keller Williams)
Don't Forget the Home Owners InsuranceIf you have been renting and are about to close on your first home, be aware that in order to take possession of the home, it must be insured. As renters, we might have had optional "renters" insurance. As homeowners, we are required by the bank/lender to provide proof that the home is fully insured. They want to make sure that since they are investing money on your behalf, that it will be repaired by an insurance policy in the event of any severe damage.Call reputable insurance companies in your area. You may want to start first with the company that covers your automobile(s). Sometimes there are discounts if have both types of insurance with one company.The insurance agent will ask you things like price of the home, type of construction, age of th...
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By Anna Wynne Stephens
(Dorsey Alston Realtors)
For more info on the home buying process.  Visit my website at www.annainatlanta.com Common Closing Cost for Buyers The lender must disclose a good faith estimate of all settlement costs. A check to cover your closing costs will probably have to be a cashier's check. The title company or other entity conducting the closing will tell you the required amount for: Down payment Loan origination fees Points, or loan discount fees you pay to receive a lower interest rate Appraisal fee Credit report processing fee Private mortgage insurance premium Insurance escrow for homeowners insurance, if being paid as part of the mortgage Property tax escrow, if being paid as part of the mortgage. Lenders keep funds for taxes and insurance in escrow accounts as they are paid with the mortgage, then pay t...
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By Anna Wynne Stephens
(Dorsey Alston Realtors)
Check out my website annainatlanta.com for more detailed info about the home buying process www.annainatlanta.com Here are some benefits of having a Buyer Agent: I represent you! Remember: The listing agent represents the seller, NOT the buyer. As your Buyer Agent, I can help you define your "wish list" for your ideal home. I can also save you time by previewing the homes in advance. FMLS vs. the Internet: I have access to the FMLS system! I can help you prospect and gain information that you cannot find on the Internet. (Often times the listings provided on the Internet are either sold or expired listings) Buying a new home vs. buying a resale. I can help you find the pros and cons of each type. For Sale Buy Owner: I can help you with these listings too! (Remember, no representation wi...
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By Brenda Richterkessing
(RKiHomes Team - Keller Williams Realty)
This is an excerpt about Atlanta from Ten Cities Ready to Bounce Back, an article written by Paul Kaihla of CNNMoney.com  Atlanta Projected median sales prices for single-family homes:Q1 2008: $177,750 Q4 2009: $187,640 Growth: 5.6 percentHalf a million dollars probably won't buy you a home in one of Atlanta's Martha Stewart-style neighborhoods. And that's a good thing, argues Dan Forsman, CEO of Prudential Atlanta. Forsman says the smart money here will move upmarket, in exactly the opposite direction of where it will go in New Orleans. A contrarian by nature, he sees the biggest arbitrage in properties priced at $750,000 in high-end communities northeast of the city - suburbs like Druid Hills, Duluth, Johns Creek, and Suwanee. The construction cost of a home in those pockets is $260 a...
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By Al Maxwell, Real Estate Agent
(Keller Williams)
   Here's an interesting website that specifically talks about FLIPPING HOMES. It's called The Flipping Pad...you know your "pad" like your "crib", your "home."It has articles and pointers on how to buy real estate for investment property. It even has a BLOGGING tab and a place to list properties.They include a list of other Real Estate websites targeting the investor.If you want some free info on real estate investing and primarily for FLIPPING purposes, you may want to check this out. If you need any additional inormation on Real Estate investing, please call me.
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I moved to the Atlanta area March of this year (2007) to work as the Internet Marketing and Operations Manager on the RKiHomes Team with Keller Williams Realty.  Growing up in Chicago I took pizza for granted...I did not realize how lucky I was to live in such an amazing city with such outstanding food.  It took me several months to find a good pizza restaurant here in Atlanta, but I found one!  It happens to be the same place I ordered from while living back in Chicago, Nancy's Pizza.  There are two locations in Atlanta:265 Ponce De Leon Avenue 404.885.91993167 Peachtree Road, Suite D  404.842.9997Though the pizza is more expensive here in Atlanta it is well worth it and I would highly recommend it to any pizza lover!
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By Our Home Team SunCoast, LLC
(Keller Williams Realty SunCoast)
In the last 30 days, 3 homes have SOLD in Peachtree Hills including:211 TERRACE DRIVE $885,000 2279 Fairhaven Circle$470,000 2217 WILLOW AVE$409,200  The average sale price of homes in Peachtree Hills this year is $462,000, and the average days on market is 51 days.In the last 30 days, 7 homes have been listed in Peachtree Hills including:AddressPrice2324 HURST DRIVE $885,000 196 EUREKA DRIVE $759,900 2175 VIRGINIA PLACE $579,900 119 TERRACE DRIVE$560,000 2051 Fairhaven Circle $524,900 2391 HURST DRIVE$485,000 27 PEACHTREE HILLS AVE $465,000  The average list price of these homes was $609,000. For the latest listings in Peachtree Hills or any other neighborhood click Here . Drew Carlyle Our Home Team, LLC Keller Williams Realty 2345 Peachtree Road Atlanta, GA 30305 (404) 285-6264 (Cell)...
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By Our Home Team SunCoast, LLC
(Keller Williams Realty SunCoast)
Greetings Peachtree Hills Neighbors! I wanted to make you aware of a few upcoming meetings and activities. Upcoming Board Meeting - The first PHCA Board Meeting with the newly elected board is Tuesday, October 9 at Covenant Presbyterian Church (Corner of Terrace & Peachtree) in the Fellowship Hall at the back of the church at 7:00 pm. All PHCA members are invited to attend. Please join us and get involved! Your newly elected board members are very excited to be working together with you for the improvement and growth of OUR community. Contact information for each board member is listed below. PHCA Saturdays at Starbucks - Oct. 13th - To follow up on our commitment for open communication, we want to hear from you. I'm going to make myself available at the Peachtree Battle Starbucks this ...
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By Al Maxwell, Real Estate Agent
(Keller Williams)
 Recently we installed a WI-EX phone extender at our home. It's amazing at how much better we have cell coverage through most of our house now. My wife and I both have offices in our basement and the cell phone coverage was pretty weak. We'd have to stand by the window, or move around until we had a strong signal.This device below picks up a cell signal and re-transmits to be be louder and stronger. It's pretty cool and worth looking into. Let me warn you about one thing. Installation can be an issue. You may have to get some assistance in having it put in. Check on this cost before you buy.http://www.wi-ex.com    
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By Jim Crawford, Jim Crawford Broker Associate Fredericksburg VA
(Long & Foster)
I would love to hear all the real estate professionals techniques on how they get a seller to paint their home before listing it.  The first thing that comes to mind for myself is that a good paint job it will increase or firm up the home value!  There are often many reasons for painting, sometimes damage control when the sellers have young children or pets and there are loads of hand prints, scuff marks and wall brush marks that need more than a touch up.  All those hand prints add up, especially when you see them all by the light switches, and doors.  In fact, touch ups do not do it!  There is nothing worse than seeing a wall where it look like someone has put daubs and dabs of satin paint on a flat ceiling or wall!  Ouch!  Touchups are always so unsightly! Then there are those areas ...
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By Jim Crawford, Jim Crawford Broker Associate Fredericksburg VA
(Long & Foster)
Thinking of buying Atlanta condos or Atlanta town homes? Why not save big money by buying Atlanta foreclosed condos and town homes?  It is usually difficult to go through all the Atlanta listings to find just the distressed Atlanta foreclosed condos and town homes, REOs, and Atlanta bank owned condos...so I've taken the work out of it for you.  If your are searching for foreclosed condos in Atlanta or Atlanta foreclosed town homes this is the right search for you!  One stop shopping for foreclosed Atlanta condos and town homes.  Some of the Atlanta town homes foreclosures will be new homes, and many will be resale condos that are riced exceptionally well.  If you want more information on buying them with our services as an Atlanta buyers agent, please feel free to contact us.  It will b...
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By Joshua Jarvis, Moving Families Forward.
(Virtual Properties - Atlanta Real Estate)
October 5th, 2007Atlanta Business Chronicle announced today that 1 in 5 homes for sale in Atlanta that are sold are Bank owned.  What's the sudden increase of solds from Bank owned properties?  The banks are getting agressive. To understand the agressive nature of what the Atlanta Business Chronicle means you have to understand the economics of a sale. Value is when condition and price meet.  Right now, in the Atlanta Real Estate Market, the top 10% of homes are selling.  If 20% of those homes are bank owned, then what must a seller do to compete. Up until recently bank owned homes and foreclosures were written off in appraisers and buyers alike.  Too much trouble was the thought from first time home buyers.  Not anymore.  People are clamoring for a deal.  Want to increase traffic to yo...
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By delete delete
We are seeking all first time home buyers...details are below:BUYING YOUR FIRST PLACE?Then HGTV is looking for you! MY FIRST PLACE, the hit series on HGTV, is coming back for a third season and looking for first-time homebuyers in the Atlanta area. We are looking for fun, high-energy people who are just starting the home-buying process for their first place! Our goal is to capture all the trials and tribulations of looking for, bidding on and buying your first place. Taping takes place between September 2007 and January 2008.  Ideal candidates will be interesting, energetic people with a great story to tell. Singles, couples and families are all invited to apply! Candidates who are chosen for the show will also receive a unique SURPRISE that HGTV has picked just for you!If you are a fir...
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 The 4rd Annual Brookhaven Arts Festival, October 14th and 15th 2007, will draw over 130 juried artists plus 10,000 residents and visitors to the heart of Brookhaven, one of Atlanta's truly great neighborhoods! Blazing new talents and established artists alike from around the Southeast have helped establish the Brookhaven Arts Festival (BAF) as a must on your Fall calendar. The BAF is held on Apple Valley Road, directly behind the Brookhaven MARTA Station. Convenient access to Peachtree Road, I-85, GA-400, and MARTA plus ample free parking gives the Brookhaven Arts Festival an ideal setting that enhances the experience for both artists and visitors. Apple Valley Road is located between several Brookhaven neighborhoods: Ashford Park, Drew Valley, & Brookhaven Fields, just to name a few.I...
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By Jim Crawford, Jim Crawford Broker Associate Fredericksburg VA
(Long & Foster)
Atlanta is a great place to by a home. Atlanta is buyers market! with over 113,000 Active residential listings for sale.  Since mortgage rates are still super low, that is good news if you are buying a home or real estate in Atlanta or its suburbs.  There is a lot of inventory to choose from, in many different areas, so that is great if you want the best deals in Atlanta real estate.  Even though the prices of homes are reasonable in the Atlanta area sellers are willing to entertain serious offers and negotiate with home buyers that already have their financing in place.   Looking for Atlanta homes for sale?  We have a variety of homes for sale in Atlanta.  We have Atlanta ranch homes for sale, Atlanta Active Adult Communities , Lake Lanier Homes for sale on the lake, Atlanta Country C...
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By Joshua Jarvis, Moving Families Forward.
(Virtual Properties - Atlanta Real Estate)
Toward the height of the supposed real estate boom there were builders out there advertising not to bring in an Agent. "BONUS TO BUYER** Buyer's without agents"Some builders even went so far as to create lengthy agency contracts for how a Realtor would get paid.  Most of which required the Realtor go stick their heads in the dirt while their client was hi-jacked by the builder's staff.What's puzzling, is how these builders do business.  Some have employees, some have agents that have gone through special training to be effective but hold their license with a builder affiliate.  While others have new home veteran agents sit in their homes. Some of the larger builders still have their agency practices and attack dog agents on site, but many of the more agile builders are starting to sing ...
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It is hard to believe that the Atlanta real estate inventory in could still be rising. It's sad, but it is true!  in our First Multiple Listing Service FMLS tonight, there were Active - 87921 Properties Found.  Since we utilize 2 Multiple listing Services in Atlanta, the Georgia Multiple Listing Service GAMLS is reporting 117287 Active listings.   In the latest month for statistics August 2007, there were 5,129 closings for Atlanta single family homes in August. A decline of 34.6% from the same month a year ago.  This should be the percentage decline on record (since 1996).  The single family homes close are comprised of Single family detached, and attached which are town homes, and condo class homes.  On the single family detached closed 4,343 units in August or a decline of 34.6% from...
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By Thom Abbott, Midtown Atlanta GA Condos For Sale
(MyMidtownMojo.com |770.713.1505 | Intown Atlanta GA Condo Living)
So, you've decided to move! Great! Congratulations! But as you look for that new place, don't forget about that all important part of your family.....your PET! For many of us, they are not pets, they ARE members of our family!  This is Nero who unfortunately left us on January 19, 2007. But he was a very important part of our life. Such that, we delayed moving into our new condo for 7 months because of him. (Who do you think ruled THAT house?) Our situation was different...he was going blind, and could not tell the difference between the door of a condo and a door in the house...so he thought he was locked in a room! And so went the howling! So we could not move until he was no longer with us....he just did not understand the difference between a house and a condo.  As you make a move, ...
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By Jim Crawford, Jim Crawford Broker Associate Fredericksburg VA
(Long & Foster)
I was going through the Atlanta MLS tonight I had some thoughts,  There are a lot of great buyer incentives for Atlanta home buyers.  Some Atlanta homes for sale will have just been reduced 50,000 dollars, and the Atlanta home builder or seller is offering to pay closing costs for the buyers, an increased commission for the buyers agent, and will throw in extras for the buyer.  Let's think about this for a minute... a $499,990 home that is reduced to $449,900 the builder will pay your closing costs up to $6000 dollars, there is another 10K on the table for buyer extras or upgrades and, there is an increased commission for the buyers agent of 5%.  In my books the net sales price of the home is in the $420K range.  It sounds like a great price, and too good a bargain to pass up!  Doesn't ...
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