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Get Hyper-local, Intown Atlanta Buyers and Sellers

I just posted "The Mother of All Intown Atlanta Real Estate Charts" and this video is an attempt to add some color commentary. Find the chart and my post here... This video is a message to Atlanta Sellers and Buyers to get "hyper-local..." … [Read more...]

The Mother of All Intown Atlanta Real Estate Charts

The Mother of All Intown Atlanta Charts

Out of every 100 finalized listings, 70 failed to sell and 30 sold. This what we looked at: Single Family Detached Residences – Inside the Perimeter (FMLS areas 21-Greater Buckhead, 23-Intown Atlanta East, 24-Intown Atlanta Dekalb, 32-Intown Atlanta Southeast , 51-Upper Intown Dekalb, 52-Greater Decatur, 71-Vinings, 132-Sandy Springs Inside 285) Of the 30 sold listings, 20 (73%) had a price reduction, when listing prices from previous listing periods are included, before a Buyer was found. Therefore, if 70 failed due to overpricing and another 20 required a price reduction in order to sell, 90 out of every 100 listings were overpriced in 4Q 2008, resulting either in either no sale, or a sale at a much-reduced price after a much-longer listing period The Rootdown Group posted better numbers in 2008 than ever before - of the listings that we sold, we sold them at an average of 98.5% of list price and we sold them within an average of 28 days. The average, … [Read more...]

Happy Valentines Day!

valentine-001

So, this is classroom full of children in Pittsburgh, courtesy of my old friend Ian Knott at Pittsburgh Coffee... His cute little curly-haired daughter is on the top left. Here's my cute little daughter Kaylie, who turns 1 tomorrow! Here's a video by Intown Atlanta's own Outkast - "Happy Valentines Day, everyday the 14th!" … [Read more...]

Intown Atlanta Overtaxation Demands Your Own Representation

Don't Tread On Me

Based on what Dekalb County tells me, I need to do the following to appeal a difference of about $50,000 in between the City of Atlanta and Dekalb County Tax assessor's valuation, and the actual market value of my house today. If I feel that the Property Appraisal Department has assigned an "inappropriate value," then I need to file a "tax return" with their office between January 2d and March 1st stating what I believe to be fair market value. Since I don't know what a "tax return" in Dekalb County is exactly, I'm going to the Property Appraisal Department office on Monday morning and I'm gonna get busy. Apparently a "tax return" by their definition indicates the value of the property. For instance, I'll indicate that I finished my basement last year, acknowledging some level of value addition. I'm required by law to do so. There are 4 reasons to file a tax return: 1. if I make improvements of additions to my property 2. if I want to appeal the fair market value of my … [Read more...]

The Housing Tax Credit and the Refueling of Little Businesses

The National Association of Homebuilders has a pretty good site dedicated to nothing but the Federal Housing Tax Credit. This topic seems to be #1 in my worldview, since Monday. Maybe it's because some buyers are about to take part in a grand restabilization of the housing economy, and in so doing maybe that single inventory sell off will be the catalyst that refuels and stabilizes, refreshes and creates, and stimulates and drives small to medium sized businesses across the country. Maybe the corporate America talent pool that just shrunk in droves will move into virtual workspaces and lots more work from home web-commuters will appear, like my wife Laura and I. If you are more interested in this kind of transfigurational conversation, then you should read this article about how Chris Brogan and the folks at New Marketing Labs work. Here's a video, live from my office at Rootdown World Headquarters in … [Read more...]

Intown Insider Video – Taxation Demands Representation

{seesmic_video:{"url_thumbnail":{"value":"http://t.seesmic.com/thumbnail/dPnvKyIy7y_th1.jpg"}"title":{"value":"Intown Insider on Taxation and Representation, Stimulated Thoughts "}"videoUri":{"value":"http://www.seesmic.com/video/J7R6qJB4hC"}}} Just yesterday, I realized that after just 16 days of Twitter usage, I'm not watching the national television news as much. I don't have to do so, because The Phoenix Real Estate Guy takes on that arduous task for me, and then he tweets it. That's right, he tweets it. So, he wrote a terrific post about the "political football" that is Georgia Senator Johnny Isakson's brainchild. Or at least he "hiked the political football." Regardless, read the latest at the excellent website of The Phoenix Real Estate Guy. He's good. Oh, and the video was done 2 days ago, and it's already dated. Regardless, my primary point is about the action that I must take as an Atlanta homeowner, a Dekalb taxpayer and that is about appealing my … [Read more...]