July 2009 
There are 3 blog entries for July 2009.
Short Sales In Buckhead
Monday, July 20th, 2009 at 3:28pm. 584 Views, 0 Comments.
Short sales in Buckhead have become more and more prevalent and many clients are asking about what exactly a short sale is. I will start with what a short sale is not: It is not a foreclosure. There are plenty of foreclosures in Buckhead, but foreclosures mean that the bank has already taken over the property and is now offering the home at a specific price. Short sales on the other hand, are still owned by the home-owner who is attempting to negotiate a payoff of their existing mortgage for less than what they actually owe. The price listed on a short sale property is not guaranteed and it must be approved by the bank holding the mortgage. This short sale approve process can take anywhere from 4 weeks to 12 months depending on the situation and the…
Market
Thursday, July 16th, 2009 at 1:31pm. 2225 Views, 0 Comments.
The real estate market in Ansley Park has done fairly well the first half of this year. Twelve homes have sold so far and another four homes are under contract. The average sale price has been a healthy $1.1 million:
| Sold In Ansley Park 1st half 2009 - 12 Properties | ||||||
| Bedrooms | Full Baths | Half Baths | List Price | Sale Price | Days on Market | |
| Min | 3 | 2 | 0 | $ 389,000 | $ 380,000 | 4 |
| Avg | 4 | 4 | 1 | $ 1,161,904 | $ 1,101,250 | 90 |
| Max | 5 | 5 | 2 | $ 2,650,000 | $ 2,444,000 | 235 |
A Friend Of A Friend's Uncle
Wednesday, July 15th, 2009 at 3:19pm. 441 Views, 0 Comments.
I recently spoke with a new website user who is looking to buy a home in Buckhead. He had been very actively using the tools on this website to search all of the homes for sale in Buckhead and educate himself about where all of the Buckhead neighborhoods are. In the course of the conversation he let me know that he had already met with a part-time real estate agent who was a friend of a friend. It was clear that he was uncomfortable with the situation since this agent that he had met with did not know the buckhead real estate market well, even though he seemed to be a nice, smart individual. When you are looking to spend the largest amount of money that you have ever spent, you should accept nothing less than a real estate broker like myself who…