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Showing posts from June, 2013

Atlanta Real Estate Market Update

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This year, the spring selling season has kicked off with an early, energetic start. Sales associates are reporting increased showings at open houses, multiple offers on properties and offers above asking price - often within weeks or days . The market now favors sellers, making buyers anxious to take advantage of low interest rates and lower prices before they rise.Data provided by the First Multiple Listing Service* illustrates that inventory levels are down. Total inventory of properties for sale in April 2013 was 12,310 down 32.8% from 18,312 in April 2012. This lack of supply has created pent up demand for properly priced homes, in the right location and or school district. An increase in demand and decrease in supply is slowly pushing prices upwards in several Atlanta submarkets. According to FMLS, the average sales price in April 2013 was $257,575, up 36.1% from $189,229 in April 2012.   Here are a few tips for both buyers and sellers that should make the process...

My American Dream became a Nightmare! - Part 4 (the conclusion)

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In Part 1 , I shared my 1st real estate nightmare and my reason for sharing my personal experiences with you (don't judge). In Part 2 , I shared tips on how to avoid the situation I wound up in and what to do if you're there and don't know what to do. In Part 3 , I shared my 2nd (and last) real estate nightmare. And now for the conclusion... Why the Real Estate Market Tanked? I know I was not alone and a lot of people were not as fortunate as me. Situations like these are exactly why the real estate market tanked in 2007/2008. Who is exactly to blame? That can be debated for years, but I can humbly say that God had another plan for me and I am still in my home today. Though after some sleepless nights, headaches, and due diligence on my part, I am in a good place today. Again, I attribute this to God's grace and I am very thankful! Do I still believe in the American Dream? YES! I am still in full support of the American Dream, BUT it has ...

My American Dream became a Nightmare! - Part 3

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In Part 1 , I shared my 1st real estate nightmare and my reason for sharing my personal experiences with you (don't judge). In Part 2 , I shared tips on how to avoid the situation I wound up in and what to do if you're there and don't know what to do. Now in Part 3, I'm sharing my 2nd (and last) real estate nightmare. Stay tuned for the conclusion in Part 4 to find out how things ended up for me. My 2nd Real Estate Nightmare This experience is truly the reason for the title of this post. It was inspired as I was sorting through my file cabinet and came across the following forms from the purchase of my home (years before I started educating myself and became a Realtor). While it had been some time since the purchase, I KNOW I really did not take the time or effort to understand what I was signing at the time. It isn't until I became an agent and started learning about this industry that I developed an understanding. Unfortunately, when I purchas...