Atlanta In The Know

Dunwoody Foreclosures and Short Sales

Categories: Atlanta Real Estate News, Buying Your Home, Schools

Dunwoody is a city in North Atlanta, just 20 minutes from downtown Atlanta, bordering I285 and Georgia 400. Known as one of the best suburbs of Atlanta, Dunwoody is a fabulous place to live. Dunwoody boasts great public schools (Vanderlyn Elementary, Austin Elementary, Kingsley Elementary, Chesnut Elementary, Peachtree Charter Middle School, and Dunwoody High School) as well as wonderful private schools such as Marist and Davis Academy on Roberts Drive.  Dunoody is green with Dekalb parks and recreation including Murphey Candler Little League, Brookrun Skate Park, Cowart YMCA . Dunwoody is also home to the JCC on Tily Mill and LA Fitness on Mount Vernon.

Dunwoody is convenient to many grocery stores like Publix on Chamblee Dunwoody, Kroger on Dunwoody Club, and Fresh Market near Mount Vernon and on Chamblee Dunwoody. And Dunwoody offers so many terrific restaurants, too… Wildfire, McCormick and Shmicks, Brio, Cheesecake Factory, Dunwoody Bistro, 48th Street Deli, Max and Erma’s, Shane’s, Chipolte, Mimi’s Cafe, Cheeseburger in Paradise, Taco Mac’s, Flemings, Joey D’s, Goldbergs Bagels and Deli, El Azteca, Seasons 52 …

Dunwoody is home to Perimeter Mall and its top department stores: Macy’s, Nordstroms, Dilliards and just across the street you’ll find Target…and one more hop onto Ashford Dunwoody and you’ll be at Walmart.

If you are considering making Dunwoody your home, you’ll be pleased to know that you have currently over 300 single family homes to chose from… priced between 2.8 million and 250k…some of the most well established, sought after Dunwoody neighborhoods include: Dunwoody Club Forest, Mill Glenn, Dunwoody Station, Northsprings, Village Mill, The Branches, Wyntercreek, Renfroe Lake, Dunwoody North, Redfield, Brookefarm, Ashford Chase, Whitehall, Dunwoody Club Forest West, Little Brooke, Kingsley, Oxford Chase, Meadowlake…

Dunwoody’s real estate market is especially appealing to those buyers who want to have a beautiful home in a great community and also want to have it at a great discount…below are the most current and up to date listings  of Dunwoody foreclosures and short sales. Should you see a property that could be your new home, contact us today…770.676.9158

	Residential Detached					$ 899,000  *
	#:3887920	Active	Broker: PRAY01	Area: 121		Map: 693F4
	205 Bach Ct				Media: 12
	City: ATLANTA		State: GEORGIA		County: FULTON	Zip: 30350-6611
	Subdivision: Sentinel Ferry			Yr Built: 2001		Age Desc: Resale
	Lvls Bdrms Baths Hlf Bth Upper 4 4 0 Main 1 1 2 Lower 1 1 0 Total 6 6 2			Lake: NONE		Waterfront: 0
				Stories: 2 Stories		Elem: DUNWOODY SPRINGS
				Style: Traditional		Middle: SANDY SPRINGS
						High: NORTH SPRINGS
	Directions: GA 400 TO NORTHRIDGE ROAD TO ROBERTS DR LEFT ONTO SPAULDING DR, LEFT ONTO NESBIT FERRY RD GO THRU FRONT GATE TO LEFT ON VERDI LANE TO LEFT ON BACH

Public Remarks

Stunning Brick Executive 4 Sided Brick Home on an Acre plus lot in Gated Community. Home features hardwood floors, high ceilings, chef’s kitchen with granite counters and upscale appliances. Home also features an Elevator and many other upgrades.

 

Features

 

Bedroom: Bdrm On Main Lev, Master On Main		Master Bath: Double Vanity, Garden Tub, Sep Tub/Shower, Whirlpool Tub
Kitchen: Breakfast Area, Pantry - Walk-in, View To Fmly Rm		Dining: Separate Dng Rm	Setting: Other
Const: Brick 4 Sides	House Faces: East	Tennis on Prop: No	Pool: None
Parking: 3 Car Garage		Road: Paved	# FP: 4
Rooms: Bonus Room, Family Room, Great Room, Library/Office, Separate Lvng Rm
Basement: Exterior Entry, Finished, Full, Interior Entry			Home Warranty: No
Lot Size: 1 Up To 2 Acres	Lot Desc: Level		Lot Dimensions: 1
Green Building Certification:			HERS Index:

 

Other Descriptive Information

–>
Nbrhd - Gated Nbrhd - Security Appl - Dishwasher Appl - Gas Ovn/Rng/Ctop Int - 10 ft + Ceil Upper Int - 2-Story Foyer Int - Double Vnty Other	Int - Entrance Foyer Int - Hardwood Floors Int - Trey Ceilings Int - Wall/Wall Carpet Ext - Deck Hcap - Elev Acc Whlchair Fplc - In Great/Fam Room	Fplc - In Living Room Fplc - In Master Bedroom Fplc - In Other Room Heat - Gas Cool - Central Electric Enrgy - Other Water - Public Water	Sewer - Pub Swr Connectd Laundry - Laundry Room Dock - None

 

Legal, Financial & Tax Information

 

Tax ID: 06-0344-LL-031	LandLot: 344	District: 6	Section/GMD: 0	Lot: 18	Block: B
Plat Book/Page: 0/0	Deed Book/Page: 0/0		Tax/Tax Yr: $18211/2007
Mgmt Co:	Mgmt Phone:
Special: Foreclosure	Owner Finance: N		Owner Second: No	Assumable: No
CPHB:		Mgmt Co:	Mgmt Phone:		Mgmt Email:	Owner 2nd: N
Swim/Tennis: $ /		Annl Assoc Fee: $ /	Initiation Fee: $	HOA Phone:

 

Sold Information

 

Sale Price: $	Due Diligence Ends:	Closing Date:	Binding Agreement Date:
Original List Price: $ 980,000	Prop Closing Date:
SP/OLP %:   0%	Costs Paid by Seller:	Terms:
Sell Agent ID:	Sell Agent:		Sell Office:

 

Tue, May 12, 2009 06:13 PM	The accuracy of all information, regardless of source, including but not limited to square footage, is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with the appropriate professionals. © 2002-2009 FMLS	Requested By: GREGORY BANKSTON

 

 

	Residential Detached					$ 415,000
	#:3897270	Active	Broker: RMPL01	Area: 121		Map: 692 E5
	335 Spindle Ct				Media: 12
	City: ATLANTA		State: GEORGIA		County: FULTON	Zip: 30350-4124
	Subdivision: SPINDLEWICK			Yr Built: 1983		Age Desc: Resale
	Lvls Bdrms Baths Hlf Bth Upper 4 3 0 Main 0 0 1 Lower 0 0 1 Total 4 3 2			Lake: NONE		Waterfront:
				Stories: 2 Or + Stories		Elem: DUNWOODY SPRINGS
				Style: Tudor		Middle: SANDY SPRINGS
						High: NORTH SPRINGS
	Directions: 400N*EXIT NORTHRIDGE*CROSS NORTHRIDGE & GO SOUTH ON ROBERTS*RIGHT ON SPINDLEWICK DR*LEFT ON SPINDLEWICK CT*HOME ON THE LEFT

Public Remarks

BEAUTIFUL TUDOR STYLE HOME JUST OFF 400@NORTHRIDGE RD*AN IDENTICAL HOME SOLD LAST YEAR FOR $475K!!*PROFESSIONAL LANDSCAPING*UPDATED KITCHEN*SCREENED PRCH & 2-LEVEL DECK*LARGE FAM RM W/FIREPLACE & CATHEDRAL CEILING*POSS SHORT SALE

 

Features

 

Bedroom: Split Bdrm Plan		Master Bath: Double Vanity, Garden Tub, Sep Tub/Shower, Whirlpool Tub
Kitchen: Breakfast Bar, Breakfast Room, Cabinets Stain, Counter Top - Stone, Pantry, Wine Rack		Dining: Separate Dng Rm	Setting: Other
Const: Brick & Frame, Stucco/Syn Stucc	House Faces: West	Tennis on Prop: No	Pool: None
Parking: 2 Car Garage		Road: Paved, Public Maintain	# FP: 1
Rooms: Family Room, Screened Porch, Separate Lvng Rm
Basement: Bath, Daylight, Exterior Entry, Finished, Full, Interior Entry			Home Warranty: No
Lot Size: 1/3 to 1/2 Acre	Lot Desc: Private Backyard, Sloped, Wooded		Lot Dimensions: +/- 1/2
Green Building Certification:			HERS Index:

 

Other Descriptive Information

–>
Nbrhd - Street Lights Appl - Central Vacuum Appl - Dishwasher Appl - Double Ovens Appl - Garbage Disposal Appl - Gas Ovn/Rng/Ctop Appl - Gas Water Heater Appl - Intercom/Radio Appl - Microwave Appl - Sec System Owned Appl - Smoke/Fire Alarm Int - Cathedral Ceiling	Int - Disp Attic Stairs Int - Entrance Foyer Int - Rear Stairs Int - Trey Ceilings Int - Wall/Wall Carpet Ext - Deck Ext - Fenced Yard Ext - Garden Area Ext - Irrigation System Ext - Out-Buildings Ext - Patio Ext - Prof Landscaping	Hcap - None Fplc - Gas Starter Fplc - In Great/Fam Room Fplc - Masonry Heat - Forced Air Heat - Gas Heat - Zoned Cool - Ceiling Fans Cool - Central Electric Cool - Zoned Enrgy - Attic Vent Fans Enrgy - Clock Thermostat	Enrgy - Storm Windows Water - Public Water Sewer - Pub Swr Connectd Laundry - Kitchen Laundry - Laundry Room Dock - None

 

Legal, Financial & Tax Information

 

Tax ID: 06-0384-0003-060	LandLot: 0384	District: 3RD	Section/GMD: 0	Lot: 31	Block: A
Plat Book/Page: 0/0	Deed Book/Page: 0/0		Tax/Tax Yr: $4825/2007
Mgmt Co:	Mgmt Phone:
Special: Foreclosure, Other	Owner Finance: N		Owner Second: No	Assumable: No
CPHB:		Mgmt Co:	Mgmt Phone:		Mgmt Email:	Owner 2nd: N
Swim/Tennis: $0 /None		Annl Assoc Fee: $125 / Optional	Initiation Fee: $0	HOA Phone:

 

Sold Information

 

Sale Price: $	Due Diligence Ends:	Closing Date:	Binding Agreement Date:
Original List Price: $ 415,000	Prop Closing Date:
SP/OLP %:   0%	Costs Paid by Seller:	Terms:
Sell Agent ID:	Sell Agent:		Sell Office:

 

Tue, May 12, 2009 06:13 PM	The accuracy of all information, regardless of source, including but not limited to square footage, is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with the appropriate professionals. © 2002-2009 FMLS	Requested By: GREGORY BANKSTON

 

 

	Residential Detached					$ 325,000  *
	#:3668205	Active	Broker: KWAP01	Area: 121		Map: 692F6
	1229 Dunbrooke Ln				Media: 13		#1 - Virtual Tour	Virtual Tour
	City: DUNWOODY		State: GEORGIA		County: DEKALB	Zip: 30338-3224
	Subdivision: None			Yr Built: 1985		Age Desc: Resale
	Lvls Bdrms Baths Hlf Bth Upper 3 2 0 Main 1 1 1 Lower 0 0 0 Total 4 3 1			Lake: NONE		Waterfront:
				Stories: 2 Stories		Elem: AUSTIN
				Style: Cape Cod		Middle: PEACHTREE
						High: DUNWOODY
	Directions: CHAMBLEE-DUNWOODY RD TO ROBERTS, PASS AUSTIN ELEMENTARY, DUNBROOKE LN WILL BE ON YOUR LEFT.

Public Remarks

BEAUTIFUL CAPE COD HOME W/OAK FLOORS ON MAIN LVL*MSTR ON MAIN W/RENOVATED MBATH FEATURING TUMBLED MARBLE*UPDATED KITCHEN OPENS TO FAMILY RM*WORKSHOP/PLAYROOM OVER GARAGE*RENOVATED TERRACE LEVELTHAT IS ENTERTAINERS DELIGHT*THIS HOME SHOWS LIKE A MODEL AND IS ON A CUL-DE-SAC!

 

Features

 

Bedroom: Master On Main		Master Bath: Double Vanity, Shower Only
Kitchen: Breakfast Area, Cabinets Other, Counter Top - Tile, Country Kitchen, Pantry, View To Fmly Rm		Dining: Seats 12+, Separate Dng Rm	Setting: Other
Const: Concrete Siding, Frame	House Faces: South	Tennis on Prop: No	Pool: None
Parking: 2 Car Garage, Auto Garage Door, Detached		Road: Public Maintain	# FP: 1
Rooms: Family Room, Separate Den, Separate Lvng Rm
Basement: Daylight, Exterior Entry, Finished, Full, Interior Entry			Home Warranty: Negotiable
Lot Size: 3/4 Up To 1 Acre	Lot Desc: Corner, Level, Level Driveway		Lot Dimensions: .7628
Green Building Certification:			HERS Index:

 

Other Descriptive Information

–>
Nbrhd - Street Lights Nbrhd - Undergrnd Utils Appl - Dishwasher Appl - Double Ovens Appl - Elec Ovn/Rng/Ctop Appl - Garbage Disposal Appl - Gas Water Heater Appl - Self-Clean Oven Appl - Smoke/Fire Alarm Int - Disp Attic Stairs	Int - DSL Available Int - Entrance Foyer Int - Hardwood Floors Ext - Deck Ext - Front Porch Ext - Garden Area Ext - Prof Landscaping Hcap - None Fplc - Gas Logs Remain Fplc - Gas Starter	Fplc - Glss Doors Remain Fplc - In Great/Fam Room Heat - Gas Heat - Zoned Cool - Ceiling Fans Cool - Central Electric Enrgy - Attic Vent Fans Enrgy - Clock Thermostat Water - Public Water Sewer - Pub Swr In Strt	Laundry - Laundry Room Laundry - Upstairs Dock - None

 

Legal, Financial & Tax Information

 

Tax ID: 18-0378-02-188	LandLot: 0	District: 0	Section/GMD: 0	Lot: 0	Block: 0
Plat Book/Page: 0/0	Deed Book/Page: 0/0		Tax/Tax Yr: $3619/2007
Mgmt Co:	Mgmt Phone:
Special: Foreclosure	Owner Finance: N		Owner Second: No	Assumable: No
CPHB:		Mgmt Co:	Mgmt Phone:		Mgmt Email:	Owner 2nd: N
Swim/Tennis: $ /None		Annl Assoc Fee: $ / None	Initiation Fee: $	HOA Phone:

 

Sold Information

 

Sale Price: $	Due Diligence Ends:	Closing Date:	Binding Agreement Date:
Original List Price: $ 589,900	Prop Closing Date:
SP/OLP %:   0%	Costs Paid by Seller:	Terms:
Sell Agent ID:	Sell Agent:		Sell Office:

 

Tue, May 12, 2009 06:13 PM	The accuracy of all information, regardless of source, including but not limited to square footage, is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with the appropriate professionals. © 2002-2009 FMLS	Requested By: GREGORY BANKSTON

 

 

	Residential Detached					$ 300,000  *
	#:3818719	Active	Broker: KWBA01	Area: 121		Map: 740E1
	2609 Briers North Drive				Media: 12
	City: ATLANTA		State: GEORGIA		County: DEKALB	Zip: 30360-2080
	Subdivision: Briers North			Yr Built: 1987		Age Desc: Resale
	Lvls Bdrms Baths Hlf Bth Upper 2 2 0 Main 2 1 1 Lower 0 0 0 Total 4 3 1			Lake: NONE		Waterfront: 0
				Stories: 2 Stories		Elem: CHESNUT
				Style: Traditional		Middle: PEACHTREE
						High: DUNWOODY
	Directions: 285 to Peachtree Industrial North to Tilly Mill. Left on Tilly Mill to right into Briers North to right on Brierwood Place. Go to end of culdesac. Home on right.

Public Remarks

Back on the Market, Builder’s Custom Home on a cul de sac. Master on Main w/Adjoining Library, Nursery or Guest Bedroom. 2 Story Great Room, Huge Bonus Room with Kitchen and Full Bath, Perfect In Law Suite.2 Level Deck over looking Private, Fenced Back Yard and Built in Hot Tub.

 

Features

 

Bedroom: Master On Main, Roommate Fl Plan, Split Bdrm Plan		Master Bath: Double Vanity, Garden Tub, Skylights, Whirlpool Tub
Kitchen: Breakfast Area, Cabinets Other, Island, Pantry, Counter Top - Solid Surface		Dining: Seats 12+, Separate Dng Rm	Setting: Other
Const: Brick & Frame, Brick-Front	House Faces: NW	Tennis on Prop: No	Pool: None
Parking: 2 Car Garage, Auto Garage Door, Driveway, Kitchen Level		Road: Paved, Public Maintain	# FP: 1
Rooms: Bonus Room, Great Room, Recreation Room, Separate Lvng Rm
Basement: Crawl Space, Slab/None			Home Warranty: Negotiable
Lot Size: Under 1/3 Acre	Lot Desc: Cul-De-Sac, Level, Private Backyard, Wooded		Lot Dimensions: 0
Green Building Certification:			HERS Index: 0

 

Other Descriptive Information

–>
Nbrhd - Cable Tv Avail Nbrhd - Undergrnd Utils Appl - Central Vacuum Appl - Dishwasher Appl - Garbage Disposal Appl - Gas Ovn/Rng/Ctop Appl - Intercom/Radio Appl - Microwave Appl - Self-Clean Oven Appl - Smoke/Fire Alarm Appl - Sec System Owned Appl - Gas Water Heater Int - 2-Story Foyer	Int - 9 ft+ Ceil Upper Int - Cathedral Ceiling Int - DSL Available Int - Entrance Foyer Int - His & Her Closets Int - Hardwood Floors Int - Skylights Int - Wet Bar Int - Walk-In Closet(s) Ext - Fenced Yard Ext - Front Porch Ext - Hot Tub/Spa Ext - Patio	Ext - Satellite Dish Hcap - None Fplc - Blower Fplc - Gas Starter Fplc - Glss Doors Remain Fplc - In Great/Fam Room Heat - Forced Air Heat - Gas Cool - Ceiling Fans Cool - Central Electric Enrgy - Attic Vent Fans Enrgy - Clock Thermostat Water - Public Water	Sewer - Pub Swr Connectd Sewer - Pub Swr In Strt Laundry - Hall Laundry - Laundry Room Dock - None Boathse - None

 

Legal, Financial & Tax Information

 

Tax ID: 18-0355-02-070	LandLot: 33	District: 0	Section/GMD: 0	Lot: 0	Block: B
Plat Book/Page: 0000/0000	Deed Book/Page: 0/0		Tax/Tax Yr: $4793/2007
Mgmt Co:	Mgmt Phone:
Special: Foreclosure	Owner Finance: N		Owner Second: No	Assumable: No
CPHB:		Mgmt Co:	Mgmt Phone:		Mgmt Email:	Owner 2nd: N
Swim/Tennis: $0 /None		Annl Assoc Fee: $0 / None	Initiation Fee: $0	HOA Phone:

 

Sold Information

 

Sale Price: $	Due Diligence Ends:	Closing Date:	Binding Agreement Date:
Original List Price: $ 325,000	Prop Closing Date:
SP/OLP %:   0%	Costs Paid by Seller:	Terms:
Sell Agent ID:	Sell Agent:		Sell Office:

 

Tue, May 12, 2009 06:13 PM	The accuracy of all information, regardless of source, including but not limited to square footage, is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with the appropriate professionals. © 2002-2009 FMLS	Requested By: GREGORY BANKSTON

 

 

	Residential Detached					$ 264,900  *
	#:3802495	Active	Broker: REFC01	Area: 121		Map: 692K4
	7615 BALL MILL ROAD				Media: 12
	City: ATLANTA		State: GEORGIA		County: FULTON	Zip: 30350
	Subdivision: None			Yr Built: 1974		Age Desc: Resale
	Lvls Bdrms Baths Hlf Bth Upper 3 2 0 Main 1 1 1 Lower 1 1 0 Total 5 4 1			Lake: NONE		Waterfront: 0
				Stories: 2 Stories		Elem: DUNWOODY SPRINGS
				Style: Traditional		Middle: SANDY SPRINGS
						High: NORTH SPRINGS
	Directions: 285 EXIT 30. NORTH ON N. PEACHTREE, LEFT ON TILLY MILL. RT. ON MT. VERNON RD. LEFT ON JEFF FERRY, LEFT ON DUNWOODY CLUB. RT. ON CHAPARRAL RD. BECOMES BALL MILL.

Public Remarks

EXCELLENT OPPORTUNITY FOR THE SMART BARGAIN HUNTER. SOUGHT AFTER AREA WITH GREAT SCHOOL DISTICT.ACRE PLUS LOT.HOME FEATURES 2 MASTERS, SUNROOM, CURVED STAIRWAY IN FOYER. NEEDS RENOVATION, BUT COULD BE A SHOW PLACE, WALK TO DUNWOODY COUNTRY CLUB.

 

Features

 

Bedroom: Bdrm On Main Lev, Master On Main		Master Bath: Sep Tub/Shower, Tub/Shower Combo
Kitchen: Breakfast Area, Pantry		Dining: Separate Dng Rm	Setting: Other
Const: Stucco/Syn Stucc	House Faces: Unknown	Tennis on Prop: No	Pool: None
Parking: 2 Car Garage, Side/Rear Entry		Road: Public Maintain	# FP: 2
Rooms: Separate Den, Separate Lvng Rm, Sun Room
Basement: Finished, Full			Home Warranty: No
Lot Size: 1 Up To 2 Acres	Lot Desc: Sloped		Lot Dimensions: 0
Green Building Certification:			HERS Index: 0

 

Other Descriptive Information

–>
Nbrhd - Undergrnd Utils Appl - Other Int - 2-Story Foyer Int - 9 ft + Ceil Main Ext - Patio Hcap - None	Fplc - In Living Room Fplc - In Master Bedroom Heat - Gas Cool - Central Electric Enrgy - None Enrgy - Other	Water - Public Water Sewer - Pub Swr Connectd Laundry - Laundry Room Dock - None Boathse - None

 

Legal, Financial & Tax Information

 

Tax ID: 0603520001006	LandLot: 06352	District: 06	Section/GMD: 0	Lot: 0	Block: 0
Plat Book/Page: 0/0	Deed Book/Page: 0/0		Tax/Tax Yr: $6657/2007
Mgmt Co:	Mgmt Phone:
Special: Corporate Owner, Foreclosure	Owner Finance: N		Owner Second: No	Assumable: No
CPHB:		Mgmt Co:	Mgmt Phone:		Mgmt Email:	Owner 2nd: N
Swim/Tennis: $0 /		Annl Assoc Fee: $0 /	Initiation Fee: $0	HOA Phone:

 

Sold Information

 

Sale Price: $	Due Diligence Ends:	Closing Date:	Binding Agreement Date:
Original List Price: $ 379,900	Prop Closing Date:
SP/OLP %:   0%	Costs Paid by Seller:	Terms:
Sell Agent ID:	Sell Agent:		Sell Office:

 

Tue, May 12, 2009 06:13 PM	The accuracy of all information, regardless of source, including but not limited to square footage, is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with the appropriate professionals. © 2002-2009 FMLS	Requested By: GREGORY BANKSTON

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7 don’ts when purchasing your new Atlanta home

Categories: Atlanta Real Estate News

Just went to our team meeting this morning at Keller Williams Atlanta Perimeter and one of the items discussed was how to avoid potential problems that could occur during a real estate purchase. Being approved and funded by your mortgage lender is a major component, unless purchasing with cash of course. So, here is my friendly reminder to all those under contract awaiting your closing…follow these 7 don’ts when purchasing your new Atlanta home so you’ll have a successful real estate purchase…

1. Don’t change your employment status. 
2. Don’t make any major purchases (cars, furniture, home theatre systems, vacations, etc.)
3. Don’t increase your credit card debt or miss any payments.
4. Don’t change bank accounts or make undisclosed large deposits.
5. Don’t apply for a credit card, cosign a loan, or make a credit inquiry.
6. Don’t spend money you have set aside for closing - not any!
7. Don’t delay in providing all paperwork asked for by the mortgage company.

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Helping families do a short sale to avoid foreclosure

Categories: Atlanta Real Estate News, Short Sale

Though ‘short sale‘ is not a new term in the real estate industry, it seems that today it is being used far more often than it ever has before. In the last few days, short sales have been top of mind for me. Understanding that 1 out of every 10 homeowners are currently unable to pay their mortgage and could be facing foreclosure, I thought to myself I really need to wrap my arms around understanding all aspects of a ’short sale’. I decided to go the industry authority on short sales, The Distressed Property Institute. In fact I just completed their two day class that was held at the Keller Williams First Atlanta office and am now a CDPE, Certified Distressed Property Expert.

I learned many many things in the class taught by Tony Martinez; my biggest take away is that I now know there is hope for families facing foreclosure and there is a way for me as a Realtor to help them avoid it.

In just talking with some friends over the last few days, I realize that though people may recognize the term ’short sale’, they are a little unclear what it means.  In the CDPE class, short sales were defined as so:

• Property that is or will soon be in some stage of the foreclosure process.
• Property owned by a person or persons who is or are experiencing a period of financial instability.
• Property on which the mortgages total an amount higher than the current value and an owner must sell.
• Property that is in poor physical condition.

In order for the home owner to qualify as a short sell, they must prove hardship. Qualifying hardship reasons are as such:

• Mortgage adjustment /mortgage payment increase
• Loss of job
• Business failure
• Damage to property
• Death of a spouse
• Death of family members
• Severe illness
• Inheritance
• Divorce
• Separation
• Relocation
• Military service
• Insurance or tax increase
• Reduced income
• Too much debt
• Incarceration

For any family going through a hardship, it is no doubt a tough time. A short sale of the property offers a financial solution to the situation and avoids an even larger misfortune of foreclosure.

If you are an Atlanta home owner in need of some relief and help with your mortgage, contact me for a confidential consultation. 

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9 Reasons why it’s time to move, in any economy

Categories: Atlanta Real Estate News, Buying Your Home, Selling Your Home

 It’s easy to understand why people think nobody is buying or selling a home right now…that’s all they hear from the mass media. However, the truth is, homes are selling. Just because we are experiencing a shift right now, both with the economy and in turn, the real estate market, this does not negate the fact that Americans are still living, breathing, constantly evolving human beings. Because circumstances are always changing within our lives,  there will always be a need for people to move, in any economy. Just to jog your brain, here are the top 9 reasons why it’s time to move…

• Home is too small / too big 
• Job transfer / Relocation / Shorten commute 
• Personal Relationship: getting married / divorced
• Lifestyle change: City life / Country life / Social Clubs / Neighborhood amenities
• Education: School districts
• See family more often / less often
• Finances: Cash in equity / Short sale
• Health concerns: physical restrictions / assisted care
• Empty nest/ Retirement / Downsize / Travel

Contact us for a free consultation to see if the time is right for you to make a move!

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With today’s economy, is buying a home a smart financial decision?

Categories: Atlanta Real Estate News

What’s on top of everyone’s minds these days? The economy… And not just the economy but how the current economy influences their job, their savings, and the value of their home.

That’s where we come in …

You might be wondering if buying a home right now is a smart financial decision…The fact is, home ownership is key to building long term wealth, no matter when someone buys. Did you know  that according to National Association of Realtors, over the last 3 decades, studies show that home values have steadily increased, on average more than 6 per cent per year. In fact, 60% of the average American home owner’s wealth comes from their home’s equity.

 My husband and I have been Realtors for the past 7 years, having helped many people buy and sell homes and never have we seen a better time of opportunity for 1^st home buyers, home buyers that want to sell and move up, and investors.

 Take for example the first time home buyer and all that they have in their favor right now: low interest rates (currently below 5% for a conventional 30 year fixed loan), affordable home prices, sellers that are willing to pay closing costs, and the new federal government tax credit of  $8,000.

 

If you have been considering buying a home, now is the time to do it - get out this beautiful Spring weekend in Atlanta and start looking - you’ll be glad you did! 

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Don’t miss out with a buyer…curb appeal is critical

Categories: Selling Your Home

Even though it just snowed here in Atlanta yesterday, Spring is just around the corner and I can not wait! The forecast for this weekend is 71 and sunny…sounds perfect. With the great weather coming, that means more people will be out and about which in turn means more people will be out looking at homes. Great news for sellers! And more so than ever, curb appeal will play an important role. With inventory high, potential buyers are weeding through on line pictures of the homes they put on their on list to see in person with their Realtor. All buyers want to know the home they are buying has been well kept. This is why first impressions with curb appeal are so critical.If your home is currently for sale, and perhaps needs some TLC to help its curb appeal, pay close attention to the following…

Give your house a little pop quiz, just as a buyer would:

What is your first impression of the exterior of your house? and the lawn? What are the best exterior features? And which are the worst?

Next, make a list of the problem areas you discovered. First handle all the safety, clean up and repair items. Check this list to compare against the exterior of your home.

• Kill mold and mildew on the house, sidewalks, roof, or driveway 
• Clean windows and gutters
• Pressure wash siding, deck, porch, sidewalk
• Mow the lawn, edge the sides, and remove the weeds
• Free the lawn of leaves
• Store lawn equipment out of site

Once the maintenance items are complete, then move onto some projects that will help to make the grounds more attractive and command value for your home. Depending on your time, budget, and amount of elbow grease you have, consider these projects:

• Outdoor lighting 
• Fresh paint
• Replace hardware on the front door
• Add to the landscaping: new shrubs, trees, plants, flowers - or perhaps just the opposite is needed, too by removing dead trees or excessive shrubs, etc.

Judging a book by its cover is just like a buyer judging a home by its curb appeal.

Good luck and happy selling!

 

 

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First time home buyer tax credit increased

Categories: Buying

First time home buyers  are now being incented even more than before to realize their American dream of home ownership ! Not only are sellers willing to compromise on their price as well as pay closing costs in order to get their home sold, the federal government is also incenting these buyers…The federal government is giving $8,000 in the form of a tax credit to first time home buyers. This revised tax credit previously was capped at $7,500 and a portion needed to be paid back.  Not so now. As long as the home is purchased between January 1, 2009 and December 1, 2009, the 1st time home buyer will receive the $8,000 tax credit and not have repay any of it.  This means… Happy Home buying!  Please see the chart below for all the details of the first time home buyer credit…

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How to get your Atlanta home sold…Sadie Hawkins style

Categories: Selling Your Home

Probably everyone has a memory, fond or not so fond, of a Sadie Hawkins Dance they attended some time in their youth while attending school. (For me, it was a country square dance but that’s a story for another day.)  In our society, it is customary that the man asks the woman, however, according to Sadie Hawkins,  the female asks the male…in a word, it means role-reversal. Just as it is customary in real estate that the buyer asks or “makes the offer” to the seller, but where is it written that this is the only way to practice real estate?

If you are tired of being the shrinking violet in the corner, do something about it.

How about a little Sadie Hawkins Real Estate Dance? As the seller, why not draw up a Purchase and Sales Agreement to the last 5 potential buyers that saw your home? You know by the mere fact that they took the time to see your home that they liked it. The problem is, they didn’t like it enough to make an offer. So you be the initiator.  Maybe from their feedback you know that they really didn’t care for the wall paper in the kitchen - put that in the special stipulations that you’ll remove the paper and paint it their color of choice. Or that the avocado carpet is really worn - offer to replace it. Perhaps you have been considering reducing your price - put the ’sales’ price in as an incentive for them to buy.  Only you know your level of motivation and what you are willing to do get your home sold. Put that information on paper. It may be exactly what helps that buyer chose your home over the one down the street.

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How to get a bargain in today’s Atlanta’s Real Estate Market

Categories: Atlanta Real Estate News, Buying

Okay, so you have been looking to buy a home but you just can’t commit. You have seen plenty of homes but you still think that the perfect one is just around the corner. Perfect meaning that it is a deal of a deal. Perfect meaning that it is it like walking into Saks, buying top of the line, yet when you go to pay all of a sudden you are miraculously at a Walmart cash register.

It seems you are not alone in your quest to find not only the perfect home in terms of condition and location, but to win at price, and to win big at price. Many buyers are looking at every house on the market, even finding a handful of suitable homes, yet they fail to write a single offer. Why? They fear that something better will come along. Better as in less expensive for the same comparable quality.

Enough is enough already. Aren’t you tired of shopping and shopping and coming home empty handed? Here’s the solution…follow these directions and you’ll get what want, a bargain in buyers market…

1) Select your top 5 favorite homes from your showing tours with your Realtor (be sure to include short sales, foreclosures, and even the properties that you think are way over priced)

2) Sit down with your Realtor and write offers (low offers, that is, and make sure to include closing costs to be paid by the seller) on all of them at the same time (this is perfectly legal, just make sure to have your Realtor check off the appropriate information in section 11A #4 on the Georgia Board of Realtors Purchase and Sales Agreement)

3) Once the sellers have responded to you with their counters, take a look and see which sellers are truly motivated to sell

4) Engage in another round of counters, as many as it takes. Remember, patience is a virtue. Possibly even walk away and see which ones call you back

5) Complete negotiations. Enter into one binding agreement. Have your inspections, etc, within your due diligence period. Follow your mortgage lenders requirements. Closing.

Though you and your Realtor may have to do a little more work than typical, it’s better than sitting on your thumbs. And I guarantee, at the end of this process, you will have achieved your two goals - not only will you have the home of your choice but you’ll have it at a bargain price, too!

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Ready…set…buy

Categories: Buying

Many think the real estate market is now something to avoid. I think that it’s about perspective. And opportunity. Consider these statistics…

…According the First Multiple List Service, here in Atlanta we had 53,786 single family homes sell in 2008; this is a decline of 22.1% to that of 2007. However, when compared to the all-time yearly high of 81,071 closings in 2006 the decline is 33.7%. The most recent year to have even fewer closings than 2008 was 2001.

The average price for all single family homes in 2008 was at a decline of 12.3% from 2007.

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What does this mean to the Atlanta consumer? In short, it means opportunity to buy property at discounted, more affordable prices.

Savvy real estate investors see these current market conditions as the ideal climate. Inventory is up and prices are down. These investors are able to pick and chose and buy only the best properties in terms of price, condition and location to add to their real estate portfolios.

But you don’t have to be a veteran investor to take advantage of this buyers market. You may want to buy your first home, second home, vacation home, or first investment property. This is a very obtainable goal however you must take action. My advice would be to first call your Realtor. Together develop a plan to achieve your real estate portfolio goals. Do not let this be a would of should of could of missed opportunity. The light is green so make it happen. You’ll be glad you did.

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