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10 priciest Atlanta neighborhoods for rent

10 priciest Atlanta neighborhoods for rent

ATLANTA -- Apartments in Atlanta's Buckhead Village neighborhood are commanding the highest rents in the city for a two-bedroom apartment, according to apartment rental company ApartmentList.com.

The average rent price for a two-bedroom apartment in the Buckhead Village neighborhood in December was $1,890 a month, according to the San Francisco-based company.

The other areas of the city with the most expensive rents for a two-bedroom apartment, according to the company, are:

2. Inman Park - Average $1,830.

3. Midtown - Average 1,820.

4. Atlantic Station – Average $1,790.

Curbed.com names its Top 10 Atlanta Projects for 2014

Curbed.com names its Top 10 Atlanta Projects for 2014

ATLANTA -- Real estate website Curbed.com has released a list of Top 10 Atlanta Projects for 2014.

In introducing its list, curbed.com says, “Whether they're wrapping up, just starting or somewhere in between, major projects will be making mega progress all year long. Step back and think about it: Can any other city compete with a roster like this? Not just this year, but in any single year?”

Curbed.com's top 10 are:

"Driving Miss Daisy" home on the market for $1.95 million

"Driving Miss Daisy" home on the market for $1.95 million

ATLANTA -- Twenty-three years ago, this month, Atlanta was the focus of the Academy Awards when "Driving Miss Daisy" won "Best Picture.

The film was written by Pulitzer prize winning Atlanta playwright Alfred Uhry who grew up in the Druid Hills area.

The story deals with the relationship between an elderly Jewish woman and her African-American chauffeur after World War II.

And as of today, the home from the movie, which forever linked Atlanta to Hollywood is, now, up for sale and it's going to the highest bidder.

To some, the home is as defining as Jessica Tandy & Morgan Freeman and as unforgettable as Alfred Uhry's words.

It's located at 922 Lullwater Road in the Druid Hills neighborhood.

Jeff Hullinger asked, the listing agent for Coldwell Banker Doris Robinson, "How did this home get selected for the movie?"

Fulton County to Host Information Workshop for Future Homeowners

Fulton County to Host Information Workshop for Future Homeowners

Fulton County residents with dreams of owning a home are invited to attend a “Do You Dream of Owning Your Own Home?” information session on Tuesday, June 26, 2012.  Future homebuyers can learn more about all eligibility requirements of the Home Ownership Program (HOP) and the Neighborhood Stabilization Program (NSP).  The workshop hosted by the Department of Housing and Human Services Office of Housing and Community Development will be held from 6:30 p.m. – 7:30 p.m. at the South Fulton Service Center.  The Service Center is located at 5600 Stonewall Tell Road in College Park, Georgia 30349.

Real Estate has a Long Road to Recovery

 

The next years of real estate are not going to be positive for homeowners. In fact, it’s estimated that in 2012 over 60% of all home sales will be foreclosures or short sales. This means that the banks will control the pricing of more than half the real estate market and we can expect continued declining values. This idea may not sit well with many after the mortgage meltdown and moral hazard issues we had over the past five years.

Further, we at Sellect Realty believe that it will be another five to seven years before we see home values near their previous peaks and then we expect a plateau for several years to follow before growth. Currently our market is still declining. Despite month-over-month gains we have had another drastic decline in home values over the past 12 months. According to the recent statistics released by Realtor.com the average listing price decreased by 11.42% from June 2010 to $250,933.  

Things to Avoid When Holding an Open House

This weekend was national open house weekend. I had the opportunity to see an open house go wrong in a million dollar neighborhood, so I'm going to share some pointers to help your open house go smoothly.

1. Ensure that there are no malfunctions with the home. A defective air conditioner ruins the experience for everyone including the agent. You do not want the agent to be in a bad mood!

2. Have an agent who will not push prizes, giveaways, or follow prospective buyers as they look at the house. The idea is to make everyone comfortable and the way to do that is by making all information readilly available and be available to answer questions.

3. Have drinks and/or snacks on hand, especially on a hot afternoon. At a minimum, bottles icewater and soda is a must.

Loan Modification Could be Good, but Short Sale is Better says 1 Expert

Atlanta, GA--  As more and more Atlanta homeowners find themselves in financial distress and are forced to make tough decisions regarding their homes and specifically their dropping values and ballooning mortgage payments, we turned to a housing expert to help us navigate this complex situation.

Marian Anthony is a real estate finance expert and author of Short Sale RUSH- A How To Guide for Nonperforming Assets.  According to Marian, a Short Sale is more advantageous than a Loan Modification or a Foreclosure because "the reduced payoff in a short sale releases you from the debt obligation." He states that a foreclosure will ruin the homeowner's credit, and "a loan modification actually builds a debt trap around the borrower, milking them for every last nickel."

With so much information and marketing dollars being spent on homeowners getting into Loan Modification programs which may keep you bogged in debt for years, take Marian's su