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Lee Taylor’s mobile real estate app is up

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Lee Taylor’s mobile app is indeed, “up!” The Keller Williams Technoscenti developed personal real estate field research apps for every agent in North America, based on the local search, quick alert tools we all use everyday – as far as I know, there are no other brokerages who have a vast deployment of 88,000 individually branded apps. And, my mobile app is up! Here’s how to navigate the web to get to mine. Please don’t text and drive Mobile URL http://app.kw.com/KW1FZYSUZ You need this code to connect with Lee Taylor’s mobile app! Mobile Text Code KW1FZYSUZ My Agent Code KW1FZYSUZ QR Code – if you feel like a nice clunky scan… Keller Williams Realty provided me with a mobile application, thereby enabling an agent like me to receive a unique URL and text code to share with consumers. When consumers use the app, they can easily search and compare properties and connect directly with their agent of choice about the listings … [Read more...]

Intown Atlanta buyers – rates are going up

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The $187 Billion rescue of Freddie Mac and Fannie Mae. Saved the North American real estate market. Kept rates from going up. Intown Atlanta buyers got bargains through 2012. And Freddie reported a $5B gain last quarter… Now the time has come to dismantle these quasi-governmental gargantuans. And rates are going to go up. And, Intown Atlanta buyers will feel the pinch. So reports the AP last week. Just sabre rattling before the chopping block, I think. I expect the chopping to happen on Obama’s lame duck watch circa the winter of 2015. And once sufficiently rebooted in a few years, there will be a direct effect on the purchasing power of Intown Atlanta buyers. When rates go up, Intown Atlanta buyers will lose some of their current stretchability. And, when rates go up on Intown Atlanta buyers, some Intown Atlanta sellers will inevitably have a “shoulda woulda coulda” moment – they will recall the heady days of Spring 2013 – the fastest market ever in … [Read more...]

A graphic look at 30 year fixed mortgage rates since 1971

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Freddie Mac publishes this on their website. Rate tables going back to 1971. Highest year and month – July 1981 16.83% Lowest year and month – November and December 2012 3.35% Average over the past decade – just 5.6%. That’s a photo of my kitchen, looking as it did circa 1972 with it’s cocoa two-tone Hotpoint appliances, goldenrod wallpaper and nasty green linoleum. Great era for style, huh? Rates were 7.4% in the month of July 1972. Anyone fretting over a rise in rates recently needs to study history and feel a whole lot better about this week’s 4.51%… … [Read more...]

A treatise on the value of a Decatur Townhouse

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A request came my way two weeks ago: Lee, Can you help me find out what our 2 bedroom units are selling for? I am not sure where to look and I thought you may have access to what the last few sold went for..." I answered with a detailed summary report on values, with accompanying individual property reports with photos. Here’s my review: Recent 2/2/1 sales since last Summer. Decatur Townhouses at 307 Adair Street (my community) D7 asked $175000 and closed for $159250 in about 60 days July 2012. C5 asked $147500 and closed for that price in about 40 days in September 2012. 4E asked $142000 and closed in about 60 days for $140000 in October 2012. All 3 sellers paid some closing costs for each buyer. H2, our only recent 3/2/1 sale, is an interesting case to consider when positioned against the rest of Decatur's similar, "vintage" era townhouses. H2 asked $225,000 beginning August 2011. She was under contract twice and both times resulted … [Read more...]

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...]