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For $400k – $450k is Kirkwood or Ormewood Park a better long-term investment?

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This question surfaced on Trulia Voices today. Here’s my answer: Two big police beats per neighborhood. If you want to really dissect things, draw lines at the major commercial/retail borders and the railroad borders, and look at all 4 of the beat books. From there, look where the $400-450s consistently sell. As examples, Hawthorn Park is coming back in Kirkwood - back to prices above 2003-2004 new builder sales prices with unfinished basements and attics around $400ish... Same with Stoney River, Greystone, or Springdale builds on nice lots in Ormewood Park. Both have active neighborhood organizations and some streets are generally better than others for "quiet, tree lined" living. Both neighborhoods still have a few gravel roads left too. Old school. For $400-450K, without factoring in a specific need for one particular school district over the other, and without factoring in a particular commute or convenience requirement, it's a toss up based on the … [Read more...]

Questions to ask your listing agent

My good friend Jon Effron is the best real estate blogger in Georgia. Jon always encourages me, and I always encourage Jon. Jon knows that I’ve answered 1598 questions on the internet about real estate in less than 6 years. He knows that I’ve made 26 internet contributions about real estate in the past 30 days. He knows that I have accumulated 32,352 points on Trulia as of this morning and that a number like that places me in the top 1% of Trulia contributors, worldwide. Jon also knows that I’m lazy about blogging, however if I simply used my frequent Trulia content here at The Intown Insider, I would have way more blog power. So, I’m resolving to increase my blog power this year – here goes… This question arose on Trulia.com’s “Trulia Voices” forum yesterday: “Which questions should you ask your agent about selling your house?” I answered with the following list… What's the current absorption rate in my submarket? How does my house compare with my 2 … [Read more...]