Months 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 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...
Read MoreLack of jumbo mortgages could be hurting Buckhead.
I read an interesting article in the Wall Street Journal this morning regarding the difficulty of securing loans over $417,000. Since the average selling price for a residential home in Buckhead is around $650,000 that really places us in a bind. As a matter of fact, there are few Buckhead properties selling for less than $500,000; Buckhead Forest, Peachtree Hills and Peachtree Park are the main neighborhoods that come to my mind. The current “stimulus” bill will not help the Buckhead market. Hopefully, liquidity will be increased for all types of mortgages, not exclusively...
Read MoreSearching for Buckhead Properties
My website has a number of important tools to search for Buckhead homes. You can search my Buckhead MLS database of over 6,000 Buckhead Atlanta homes for sale. When you get to the Listing Search page remember to click Fulton county for step 1 and Buckhead for step 2. You can also customize an alert that will automatically email you as soon as homes for sale in Buckhead Atlanta are listed. I can set this section up for you as well. If a property is a good deal you’ll want to be one of the first to schedule an appointment. I personally subscribe to two database for pre-foreclosures,...
Read MoreShort Sales
A couple of years ago you would have been hard pressed to have found someone who could have adequately defined a “short sale” for you. Unfortunately, as a sign of the times, “short sale” seems to be ingrained within our our vernacular. If you are considering selling your home in a short sale you’ll need to consult with an attorney, your mortgage company and probably a CPA – since there may be some forgiveness of debt as income issues. The following is a brief explanation from the purchaser’s side of a short sale. A short sale occurs during the...
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Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. © 2012 First Multiple Listing Service, Inc.