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Buckhead Homes & Real Estate

Archive for March 2009

Brookhaven

By Administrator · Comments (0)
Saturday, March 28th, 2009

If you want to be almost guaranteed of seeing someone walking a Golden or Labrador Retriever, then drive through Brookhaven. Some consider it part of Buckhead some think of it as a separate community. Regardless, it has some architecturally significant and truly elegant Atlanta homes. The historic Capital City Club anchors the neighborhood with its golf course.

It’s one of those neighborhoods whose boundaries seem to mysteriously grow larger as neighboring communities try to piggyback on its cache. This has caused some people to refer to the original Brookhaven as “Historic Brookhaven” to differentiate it from the newer “Brookhaven”, with an eastern boundary that seems to end somewhere near Stone Mountain.

Brookhaven is often mentioned in the Atlanta McMansion battle. It originally had a mixture of premium luxury homes and some beautiful cottages with loads of curb appeal. Recently, many of the historic cottages and bungalows have been torn-down and replaced with beautiful, larger homes. The residents of Brookhaven are sharply divided over private property rights versus maintaining the diversity and original character of the neighborhood. Personally, I think it’s incorrect to characterize the newer homes in Brookhaven as McMansions. Most of the new homes are very tasteful and are not the big, cheap houses, filling every square inch of the lot, that seem to define Atlanta McMansions.
Read More→

Comments (0)
Categories : Atlanta Neighborhoods
Tags : Brookhaven, Buckhead

February 2009 Metro Atlanta Housing Reports

By Administrator · Comments (0)
Thursday, March 26th, 2009

You can view the February Metro Atlanta housing reports on my blog. The Metro Atlanta sales averages are significantly down from this point last year. When looking at the reports remember that Buckhead is area 21, Dunwoody is 121 and Sandy Springs is 131 and 132. Also, be sure to notice the reports are differentiated by new construction and resales.

The summary letter is here and the detailed numbers are here.

The Buckhead and North Atlanta markets are doing better than all of Metro Atlanta, although there are some great deals everywhere. Some metro counties on the south side are having a very difficult time. As Steve Palm of Smart Numbers stated:

How dramatic have been the price drops? The median closed price for Clayton County for 2009 is $37,150 or a drop of 67% from the same period in 2007. When comparing Clayton County, which has had many foreclosures, to a county that has not, Forsyth County, the trend is still down, but not as much.

On a positive note, Mr. Palm expects an increase in Metro Atlanta home resales by this summer.

Comments (0)
Categories : Atlanta Homes Sale
Tags : Atlanta House Market, Home Inventory, Housing Reports

Sell your Atlanta home quickly

By Administrator · Comments (0)
Wednesday, March 25th, 2009

If I had a nickel for every Atlanta home seller that turned down an offer, only to sell there home many months later at a much lower price than the original offer, I’d be rich.

This idea of initially pricing your home high, “Just to see if there are any takers”, is a really bad one – especially in a buyers market. The Buckhead, Sandy Springs and Dunwoody markets are still desirable enough to sell homes that are fairly priced and marketed intelligently. You just have to price your home competitively right from the start.
Read More→

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Categories : Sell My House
Tags : Sellers

Buckhead home under contract in less than 8 weeks!

By Administrator · Comments (0)
Wednesday, March 25th, 2009

If you would like to hear how I was able to get this Buckhead home under contract in less than eight weeks, please feel free to call me. I’d be happy to develop a strategy with you for selling your home.

The Buckhead housing market is resilient enough to absorb homes priced fairly, marketed aggressively and staged correctly.

Comments (0)
Categories : Atlanta Homes Sale, Buckhead Homes, Sell My House
Tags : Listing, Sold

Unique Buyer Incentives at Buckhead's Terminus

By Administrator · Comments (0)
Monday, March 23rd, 2009

When I first read that the new Terminus condos in Buckhead were offering buyer incentives, I almost skipped the article. The idea of reading about another condo complex offering $5,000 in upgrades seemed redundant to me. Since I live two blocks from the Buckhead buildings and have always been impressed with Cousins Properties, I decided to read the article.

What they have decided to offer, for their upscale Buckhead condos, is unprecedented in the Atlanta condo market.

  • Guaranteeing the value of the condos for the first three years. Buyers can walk away, during that timeframe, without any damage to their credit.
  • Offering financing at 4% with only 5% down.
  • Allow somebody who needs to sell a home, and puts 20% down on their Terminus condo, to live in the condo without payments for a year.

Cousins is responsible for some of Atlanta’s top condominium projects and commercial buildings. Obviously Cousins is confident in the future of Terminus as they are taking on a great deal of risk with these incentives. If you would like to hear more about their incentives or want to see some of the units at Terminus, please call me.

Comments (0)
Categories : Atlanta Homes Sale, Buckhead Homes, Financing Mortgage
Tags : Condos, Terminus

Buckhead and Atlanta REOs

By Administrator · Comments (0)
Saturday, March 21st, 2009

Obviously there are a lot of bank owned properties on the market. Some of the best REO deals I’ve seen in Buckhead, Dunwoody and Sandy Springs are unfinished rehab and builder spec homes. There are a surprising number of homes without kitchens, bathrooms and/or systems.

Even if you can find an Atlanta buyer, who would be willing to undertake such a project, he or she won’t be able to get conventional financing without a kitchen, bathrooms or systems installed. This is very good news for a creative buyer. You can get a great deal in metro Atlanta on a home missing a kitchen, because you have very little competition.

If you’re interested in finding REOs, foreclosures, short sales or bank owned properties, please feel free to call me.

Comments (0)
Categories : Atlanta GA Foreclosure, Atlanta Homes Sale, Buckhead Homes
Tags : Bank Owned, Foreclosures, REO

Buckhead home inventory for March 19th

By Administrator · Comments (0)
Thursday, March 19th, 2009

Here are some Buckhead homes inventory numbers as of today:

$500,000 – $1,000,000 – 17 months of inventory
344 currently active, 242 sold in last 12 months

$1,000,000 – $3,000,000 – 2 years of inventory
307 currently active, 151 sold in last 12 months

$3,000,000 and above – 9 1/2 years of inventory
76 currently active, 8 sold in last 12 months

You can look at past posts for a comparison.

Comments (0)
Categories : Atlanta Homes Sale, Buckhead Homes
Tags : Home Inventory

Fulton County Homestead Exemption Increase

By Administrator · Comments (0)
Tuesday, March 17th, 2009

The new Homestead Laws will allow for an increase in the basic exemption of $15,000 over the next three years. If you are currently receiving a homestead exemption you don’t need to do anything to start receiving the increase. If you are not receiving an exemption, to qualify you must own and occupy your current residence as of January 1st, 2009 and apply by April 1, 2009.

If you are 62 or older, you may be eligible for other additional exemptions. Feel Free to call me with any questions.

If you live in Atlanta, Buckhead, Dunwoody or Sandy Springs you can go to the Fulton County Tax Assessor’s website for more information.

Comments (0)
Categories : Atlanta Resources
Tags : Fulton County, Homestead Exemption, Property Taxes

Lake Lanier recreation is down 13%

By Chuck · Comments (0)
Monday, March 16th, 2009

The number of annual visitors to Lake Lanier is down 13% from 2005, when the lake was at full pool. The number of boaters is expected to be down even more than 13%. Obviously this has a negative economic impact to businesses located around Lake Lanier. From marinas to restaurants, everybody is feeling the squeeze far beyond the current economic conditions. So aside from being the water supply for metro Atlanta, there are recreation and economic benefits to the lake.
Read More→

Comments (0)
Categories : Atlanta Activities, Atlanta Resources
Tags : Lake Lanier, Water Wars

Buckhead Foreclosures

By Administrator · Comments (0)
Sunday, March 15th, 2009

There is a common misconception that foreclosures are cheap homes in undesirable neighborhoods. I subscribe to the Atlanta Foreclosure Report and ran a report for Buckhead homes in pre-foreclosure, with mortgages over $500,000, that are due to be sold on the Fulton County Courthouse steps on April 7, 2009. As you can see below, there are plenty of great deals at the upper echelon of the Buckhead real estate market. Some of the streets listed are the most prestigious and sought-after streets in Buckhead.
Read More→

Comments (0)
Categories : Atlanta GA Foreclosure, Atlanta Homes Sale, Buckhead Homes
Tags : Buckhead, Foreclosures
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