Atlanta passes tax increase on homeowners
The Atlanta city council just passed a whopping 42% property increase to make up for the budget shortfall. During a time of massive foreclosures and a difficult job market, the Atlanta city government should be looking for ways to decrease the high costs of living within the borders of Atlanta; not increasing the costs. If we want to live in a city with a prosperous economic future, we must demand that local politicians stop viewing city jobs as a voting block. I will give the Mayor and the council credit, in a Machiavellian sort of way, for framing the argument as “either you’re for...
Read MoreHome Inventory for June 29, 2009
Here are some metro Atlanta real estate inventory numbers as of today: Buckhead Homes $500,000 – $1,000,000 – 23 months of inventory 363 currently active, 193 sold in last 12 months $1,000,000 – $3,000,000 – 2 years and 8 months of inventory 321 currently active, 121 sold in last 12 months $3,000,000 and above – 7 1/2 years of inventory 83 currently active, 11 sold in last 12 months Buckhead Condos and Townhomes Under $500,000 – 1 1/2 years of inventory 816 currently active, 556 sold in last 12 months $500,000 – $1,000,000 – 4 years and 8 months...
Read MoreShort Sale Primer
I’ve written about short sales fairly extensively on this blog and have actually dealt with short sales and foreclosures more than a lot of my colleagues in Buckhead, Sandy Springs and Dunwoody. I have worked with clients in Buckhead and Sandy Springs who have tried to buy pre-forecosure and REO properties. I’ve seen some very good deals on Buckhead luxury properties. Although I’ve had some experience with short sales, the whole concept is still a fairly recent phenomenon that requires any Atlanta agent to continually search for more information. I found a great article by...
Read MoreThe best foreclosure deals
While there are many different ways to find great foreclosure deals in Atlanta, one of my favorite places to look are builder spec homes. When buying a foreclosure you still have to rely on the most basic adage in real estate: location. I would be hesitant to buy a home in a development that has a lot of foreclosures, as it will probably take a while to recover. The current market allows buyers to find deals in desirable locations, you just have to be patient, but be able to act quickly when the opportunity arises. Of the high-end communities in Atlanta; Buckhead, Dunwoody and Sandy...
Read MoreNew Atlanta Home Search Software
I’ve recently purchased, for this website, the most comprehensive and intuitive home search software in all of metro Atlanta. The last couple of weeks I’ve been integrating the features into this website. This premium home search software is triple the price of other agent software solutions. I’m making it available for free, without any registration requirements, to prospective Atlanta real estate buyers. In short, it gives buyers interested in a Buckhead or North Atlanta home, the opportunity to see instant results on a map as they refine their searches. I’m...
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