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

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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...]

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...]

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...]

The SHIFTY real estate market in metropolitan Atlanta

We have a shifty real estate market in metropolitan Atlanta. We have a shifty real estate market not only in Atlanta, yet also nationwide, really North America wide. It’s shifty. A Trulia Q&A came up yesterday, and the question is this: What cities in the Atlanta metro area have the most depressed real estate markets in 2013 and is recovery expected? That question led me to think about some of the insights that I recently learned at Keller Williams Mega Camp last week. Tony DiCello stated that we have a SHIFTY market. Gary Keller and many other panelists and thought leaders at KW drew many conclusions about the “shiftyness” or as I like to call it “shifticity” in the real estate world. And, Gary made it very clear that the only way to power through the shifty shift is to understand and bring about geometric progression in your business, and to bring intense focus on the ONE thing that brings consistent success at whatever you are trying to do to succeed … [Read more...]

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...]

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...]