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Intown Atlanta – 3 more people you can turn to for advice right now

September 20, 2008 By 2 Comments
23-correct

I turn to Chartmaster Chuck. Right here, at IntownInsider.com, we turn to him a lot for: * studies of the price reduction effect * further studies of the price reduction effect * cool charts like this one about how only 23% of all Intown Atlanta houses were priced right in H12008 I turn to Chris Martenson. Take "The Crash Course." Seriously, go to this man's site and take the "The Crash Course." It will change your life. Weekly, I turn to John Mauldin. I received his Thoughts From The Frontline newsletter this morning on my Blackberry when I woke up at 3:30 a.m. This week - The Title – “Betting on Financial Armageddon.” His clear and cogent restatement of stories that he has been telling about “Commercial Paper” is worthwhile reading. Read it if you want a serious, compelling summary of recent financial events. If you are a real estate agent, or if you are helping others or helping yourself navigate the curiosities of real estate holdings today, then you … [Read more...]

Filed Under: Eastside, Market Analysis, Northside, Really Great Real Estate Marketing, Southside, Westside

Intown Atlanta – 3 men to turn to in times of real estate trouble

September 20, 2008 By Leave a Comment
salesperson

I turn to John Adams. He is the most trusted voice in Atlanta real estate. This article about appreciation really crystallizes the paradox of pricing and pricing right - for the market of the moment. This article is loaded with "post-foreclosure" property purchasing insight. His website, his classes and his radio show are the proof - if you are nervous or uncertain about Intown Atlanta and Decatur real estate values and holdings right now, keeping abreast of John's thoughts is worth your time. You'll feel better about things. I turn to Steve Palm. Steve's insights about FMLS data every month keep me and my clients informed with raw, real data. His latest letter about metropolitan Atlanta real estate is based on cogent, detailed analysis of the real numbers. Any real estate agent that you meet who spews BS about "up and coming areas" and who gives you advice on flipping properties needs to memorize this statement after you kick their ass: Atlanta's "...downturn started 3rd … [Read more...]

Filed Under: ATL Culture and Events, Eastside, Market Analysis, Northside, Really Great Real Estate Marketing, Southside, Westside

Ouch! Intown Atlanta Sellers and the Price Reduction Effect!

September 6, 2008 By Leave a Comment
price-reduction-effect

This chart is a big eye opener. Take into account the following facts:   1. The <$200K price range had a more severe impact (-24.9 percentage points) on the percentage of listing price realized after a price reduction, but all price ranges are affected heavily when a reduction is necessary   2. The lower price range impact was likely amplified by the number of foreclosed properties in that price range   3. Between $200K and $999,999, Sellers who don't price their property right the first time are losing anywhere from 5-8% on the sale ... that doesn't even account for the lost capital - time is money, and monthly debts must be paid, month after overpriced month   In the past 2 weeks, we've concluded the following, in addition to this bold statement about the effect of price reductions:   A. Sellers are paying some or all closing costs in about 71% of Intown transactions B. Most Listing Agents and Sellers, most of the time are off by about 7% List vs. SOLD on … [Read more...]

Filed Under: Cabbagetown, Candler Park, Druid Hills and Emory Area, East Atlanta Village, East Lake, Eastside, Edgewood, Grant Park, Greater Decatur, Inman Park, Kirkwood, Lake Claire, Market Analysis, Midtown, Oak Grove, Oakhurst, Old Fourth Ward, Poncey Highland, Really Bad Real Estate Marketing, Really Great Real Estate Marketing, Reynoldstown, Southside, Virginia Highland

Smashed Feet?

September 5, 2008 By Leave a Comment
smashed-feet

My friend Kirk Nace is one of the foremost thinkers in the real estate business - he is an esteemed faculty member at Keller Williams University and he is a renowned business coach for real estate agents. "Kirk Nace became involved in land surveying and development in 1979 and then became an active investor in 1981. In 1991 Kirk became an active realtor. Since THEN, Kirk has BEEN A PART OF, AND ULTIMATELY trained the top ½ of 1% of real estate salespeople and investors in the US and Canada    Kirk HAS OWNED OR WORKED  with multiple ERA, COLDWELL BANKER, CENTURY 21 AND REMAX companies; his own private real estate company; mortgage brokerage business; private real estate investment companies; title businesses; property management companies, and his own private business consulting firm."   Kirk is tough, and his fledgling blogsite "SMASHED FEET"  is a testament to his no-holds-barred style of communicating the reality of the real estate market, today. In … [Read more...]

Filed Under: Market Analysis, Really Bad Real Estate Marketing, Really Great Real Estate Marketing

A Texan and an Oklahoman Who Know What’s Good For Ya…

September 4, 2008 By Leave a Comment
perots-savings-chart

Ross Perot and T. Boone Pickens are a couple of self-made billionaires who know what's good for you. Ross Perot from Texarkana, Texas - love him or hate him, he is succinct and he is a realist. This chart alone should tell anyone interested in the real estate markets that US citizens - in general - are on a path that will only lead to weakness in our real estate markets! Go to Perot Charts and dig in! T. Boone Pickens, from Holdenville, Oklahoma - not too far from Texarkana - is a hard working geologist. He became a billionaire in the oil and natural gas business. He is on a personal attack to get the American people in dialogue with their government and our corporations about energy. His website is provocative and timely - go to the Pickens Plan and check it out.         I trust this guy who has been an oilman all his life.                                                           And I totally … [Read more...]

Filed Under: Eastside, Market Analysis, Northside, Southside, Westside

Intown Atlanta’s Own Jerry Reed Dies at Age 71

September 3, 2008 By 1 Comment
reed

I love Jerry Reed. My Mom and Dad loved Jerry Reed. He was a funny dude, a gracious Southern gentleman and he could play the guitar just like ringin' a bell. Watch this playing here with Mr. Chet Atkins...   He died a few days ago, probably because he smoked too many cigarettes & and ate too much fried catfish. He went to Intown Atlanta's O'Keefe High School - a Westside institution back in the mid-20th century. Georgia Tech's campus took over the land, but he was one of us! He was a movie star too - reports have called him a "good old boy" actor. I'm reporting that Jerry was one of the coolest guys on the planet. Here's what the AP reported: "...As a singer in the 1970s and early 1980s, Reed had a string of hits that included "Amos Moses," "When You're Hot, You're Hot," "East Bound and Down," "She Got the Goldmine (I Got the Shaft)" and "The Bird." In the mid-1970s, he began acting in movies such as "Smokey and the Bandit" with Burt Reynolds, usually as a … [Read more...]

Filed Under: ATL Culture and Events, Cool videos
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