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Agent to agent feedback

I love feedback. My almost 49 year old ears have listened to occasional bursts of it for 38 years or so. Yes indeed. That link does not lead you to an example of the feedback that I'm talking about. I'm talking about real estate agent to real estate agent feedback. Agents, when providing feedback to another Realtor or real estate agent, should feel free to be blunt and to mean what they say. Throwing shade. No. Real, brief to the point comments. Yes. Agent to agent feedback, in particular, should be timely and served bluntly. Agent to agent feedback is almost always either 1 of exactly 2.5 different things: 1. a valid opinion   2. no feedback, which is feedback   2.5. some lame opinion which is of no value to anyone. I'll have a link to a relatively close, albeit distinctly Canadian example of how some real estate agents get along everyday, at the end of this post. Feedback helps listing agents in this market. It helps everyone in the real … [Read more...]

Poolside and sitting pretty for $245,000 in downtown Decatur

Poolside H1

If you like what you see on the outside, then get with me to see the inside. Just $245,000.00. Not yet listed, and I have written permission to show it and to present contracts to the seller. Check your comps - call your advisors, and have them call me.     Or, just cut to the chase and lets do some dual agency, before the seller replaces the carpet, and I list it...before I start throwing open houses and getting multiple offers. In June.   Call Lee Taylor at 404-218-4126 in May, and we will line up showings for all qualified buyers. Unless someone gets it under contract before you do... My community, Decatur Townhouses is so hot right now - so hot, that if you are more budgeted for a 2 bedroom, 2 bath unit under $200,000, and if you prefer an end unit next to the park, then Lee is selling his unit by late June. Sneak peeks are available.   Do you see what happens when you filter the downtown, city limits zip code 30030 against the … [Read more...]

Listings headcount in Intown Atlanta is down – it’s a good time to sell a house

Listings inventory Intown Q12014

The listing headcount remains down. The listing headcount peak occurred in late 2011; back then, listings headcount was at an all time high in metro Atlanta. Prices were at all time lows when list to sales price ratios were at 70% or so - that was early 2009. That means that sales prices were roughly 30% off of list on average. Prices began to stabilize as buyer vs. seller negotiations grew closer and closer to today's tidier numbers. Demand has been steady, and by early 2012, inventories starting dropping through late 2013. After that 2011 peak, the listings headcount trended downward until last Summer. We fell below 6 months supply  - that's what I call the listings headcount, back in March 2012. That drop to 6 months supply heralded the seller's market we have been in since then. Listings headcount is down on average, across the broader Intown market. This chart reveals that Q1 2014 ended with 4.2 months of supply, and here in May, it starting to feel like 7 months supply. … [Read more...]

Intown Atlanta real estate crystal ball: 3.5 changes coming

CHANGE #1 stable mortgage fees, higher interest rates CHANGE #2 home price stabilization...for the most part Here is one headline grabbing way to look at that issue - from December 2013: http://www.wsbtv.com/news/news/local/study-shows-home-prices-booming-atlanta/ncZFn/ Here is yet another way to consider prices in Atlanta - from February 2014: http://www.forbes.com/sites/erincarlyle/2014/02/25/spcase-shiller-home-prices-dip-for-2nd-straight-month-in-december/ Huh? Who is right? Call me if you want a real analysis of a local neighborhood. Relying on indexes, pricing from years ago, Zestimates, costs of improvements, costs of maintenance, etc. etc. etc. can lead to a false sense of inflated value. CHANGE #3 home price deflation in many submarkets - most analysts have been calling for stable, or flat pricing for some time now, running with the 3-4.5% (depending on who measures it) inflation rate that has been measured for decades. Many factors impact the submarkets … [Read more...]

Decatur, Georgia named one of the greatest places in America

When the American Planning Association (APA) speaks, apparently many listen. And they just named downtown Decatur, Georgia one of the great neighborhoods in America. At a glance, they state that "APA is an independent, not-for-profit educational organization that provides leadership in the development of vital communities. We measure our success by the successes of our members and the communities they serve." I am proud to say that I've been living in the "vital community" (APA's coined term) of Intown Atlanta for 16 years. I'm now a resident of downtown Decatur, and I also operate my business out of the KW market center in downtown Decatur. Click here for directions. I certainly think that Decatur is one of the greatest places in America. Calling downtown Decatur one of the greatest neighborhoods in America is an easy call and the fact that the APA ranks Chinatown in San Francisco and Norwich, CT as the #1 and #2 greatest neighborhoods in America, makes me feel somewhat … [Read more...]

Getting real about short sales

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I just had a short sale attempt fail. My former 1/1/1 townhouse listing near the East Atlanta Village. We were in agreement for a $65000 purchase. In a short sale, both the buyer and the seller have to get real about the tenuous elements of their particular short sale. What do I mean by getting real? Well, here is a quick explanation via this example: The seller has now decided to attempt a deed in lieu of foreclosure with their lender and in doing so, the seller got real about his short sale. He is so real about short sales, that he has decided to just not attempt to complete this particular short sale. The seller is so real about short sales that he is willing to walk away from the property and let the bank have it, in lieu of attempting the rigorous processes, month after month, to win this short sale. If I counted up my short sale transactions since 2004, when my first attempt for a Buckhead condo owner resulted in foreclosure after months of work, and I was … [Read more...]