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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...]

What is a “distressed property?”

One of my first time condo buyer clients asked me today "hey Lee, what does distressed property mean?" I answered: "Distressed means a lot of things, but simple, physical distress is vandalism, misuse, abuse, etc. Many distressed properties are physically harmed fixer uppers. In condos, distressed communities are insolvent, poorly led, lacking reserve funds, overwhelmed by rule breaking owners, exceeding the landlord limit of 25% maximum rentals for most bank approvals, and a host of other financial problems that banks will not underwrite with traditional financing guidelines..." I decided to find the current Trulia graphic for one of the most maligned zip codes in the state of Georgia, 30310 - a zip code that has seen real estate value distress for about 8-10 years, and that has been written about internationally as a "poster child" for mortgage fraud, foreclosure and in some neighborhoods like Pittsburgh - outright abandonment - like 40% + of all houses are boarded … [Read more...]

The secrets to finding a buyer in the Intown Atlanta real estate market

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Many different features attract buyers to a real estate purchase, but the seller only has control over two of them. Sellers can still get the highest possible list-to-sell ratio and sell their homes as quickly as possible if they are willing to put their trust in two time trusted principles of real estate: condition and price. Since 72% of all sales transactions are “equity” transactions – not distressed, not some odd luxury transaction and not an estate sale, the chances are favorable for sellers who “get it.” Here are the the top ten features that attract buyers according to the Keller Williams Realty International survey conducted for our 2011 Market Navigator booklet. 1. Location – favored by 69% of buyers 2. Neighborhood – favored by 55% of buyers 2. Floor plan – favored by 37% of buyers 3. Updates to the house – favored by 36% of buyers 4. Curb appeal – favored by 30% of buyers 5. Square footage – favored by 28% of buyers 6. Back yard – favored … [Read more...]

Welcome to the Intown Insider…

intowninsider.com is a real estate media vehicle sponsored by Intown Atlanta and Decatur real estate specialists, The Rootdown Group. The site will feature up to date market analysis, a free real estate search tool with a terrific user interface, a neighborhood compendium, cultural epiphanies and some cool videos. We went live on January 1, 2008. We have a few things to add to make this site rock, but thank you for visiting. Please come back. Get your real estate on! … [Read more...]