New Administration trying to stifle the Buckhead housing market.
The NAR recently sent me an email stating their opposition to the administration’s mortgage deduction phase-out plan. Here is the key excerpt: As currently drafted, the plan changes the Mortgage Interest Deduction by reducing the amount of mortgage deductibility on families earning over $250,000. This proposed change in the Mortgage Interest Deduction will result in further erosion of home prices and home values. If this proposal is enacted it will lead to a new round of price depreciation, will cause greater distress on the balance sheets of banks as the collateral value of mortgage...
Read MoreMonths of home inventory for Buckhead
As I explained in a previous post, knowledge of the home inventory for a given price range and/or area can be an effective tool in negotiating. Here are some Buckhead homes inventory numbers as of today: $500,000 – $1,000,000 – 16 months of inventory 338 currently active, 254 sold in last 12 months $1,000,000 – $3,000,000 – 1 year and 9 months of inventory 295 currently active, 167 sold in last 12 months $3,000,000 and above – 7 years of inventory 77 currently active, 11 sold in last 12...
Read MoreGreat things are happening in Buckhead
Although we are currently in a housing market dip, there are great things on the horizon in Buckhead. We live close to the Buckhead Village and are very bullish on the future of Buckhead and its housing. You can already see the beginning of the Peachtree Boulevard transformation. Peachtree Road will return to its “signature street” status. I think the folks involved with the Buckhead Community Improvement District are great and have done a phenomenal job in returning Buckhead to its past glory as a premier living, dining, shopping, and entertainment destination. I’m also...
Read MoreThe benefits of a home manager
While many buyers are sitting on the fence, a new group of people are sitting in vacant listings to help homeowners sell their home. These days, many Realtors in Buckhead are using “home managers” to help keep unoccupied, unsold homes show-ready and deter would-be vandals. All things being equal, a furnished home will sell more quickly than a vacant home. The arrangement can be a win-win situation, because house sitters will often stage you home for free and pay for utility costs. Typically, these home managers must meet several requirements to be considered. They must pass...
Read MoreBuckhead home with details
Here is your opportunity to own a home in a vibrant and social Buckhead neighborhood. You’ll be a short walk to the exclusive Streets of Buckhead which will rival Madison Avenue and Rodeo Drive for shopping and dining. Buckhead Forest children attend the sought-after Sarah Smith Elementary which is one of the top public schools in the Georgia. The property has been renovated and updated by some of the best craftsmen in Atlanta. When getting the mail or walking your dog, people will stop their cars to compliment your beautiful landscaping and the great curb-appeal of your home. You’ll...
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