Atlanta Real Estate Blog

Preforeclosure Values - Beat The Next Auction: 12/4/2007
November 13th, 2007 9:51 PM

Preforeclosure Values

in Atlanta Area

DEADLINE:    Tuesday, December 4, 2007

An Early Holiday Present To You ?

Metro Atlanta has plenty of fresh preforeclosure homes on the market.

County Number of Homes
   
Fulton 252
Cobb 108
Dekalb 229
Gwinnett 140
Douglas 43
Cherokee 27
Paulding 25
Forsyth 19

As a buyer, these homes often represent a great value compared with other "retail" homes on the market.

As a buyer, you are truly helping these people out of a jam. 

For sellers, selling a property as

  • a  preforeclosure,

  • Short Sale, or

  • Short Payoff

gives the seller the maximum opportunity

  • to preserve credit,

  • save equity, and

  • eliminate the 7 year credit problem of foreclosure.

Time is short: you only have until Tuesday December 4, 2007 to make an offer, inspect, get the lender to agree to the sale. If you are ready to find a bargain, call 404-384-2274.


Posted by Lee Marlin on November 13th, 2007 9:51 PMPost a Comment (0)

10 Reasons Why Now Is A Great Time To Buy or Invest In Metro Atlanta
November 17th, 2007 9:31 PM

10 Reasons Why Now Is A 

Great Time To Buy and Invest In Atlanta 

  • Homeownership – the first step to building wealth.

 

     
  • It is a Buyer’s Market!   Atlantahas an unsurpassed selection of resale and new homes, condos, and townhomesthroughout our Metro area.   Builders are also offering a host of value-added incentives, but hurry they won’t last long. 

 

     
  • Interest rates remain low - 44 year lows.

 

     
  • You may be eligible for tax deductions (let the government help you pay for your home).
  •  

     

  • Atlanta's Return on Investment – the rate of appreciation in Atlanta - 5.6% - is above the national average.  
  •  

     

  • By owning your own home, you can live the American Dream. 
  •  

     

  • Location …Location …Location - homes are available in a variety of price ranges throughout the entire Metro Atlanta region.
  •  

     

  • Housing Choice – home buyers have more choices than ever before – from traditional single family homes to mixed use developments, today’s homes feature flexible designs, innovative technology & the latest products and finishes.   
  •  

     

  • Energy efficient construction techniques and products translate into savings.
  •  

     

  • Atlanta remains a hot market, ranking 4th nationally in home sales. 

 

Atlantacontinues to enjoy consistent home appreciation (homes continue to increase in value).  Click below to view.

 AtlantaHome Appreciation graph   

    (compare withUSA, Florida, California, New Jersey).


Posted by Lee Marlin on November 17th, 2007 9:31 PMPost a Comment (0)

Michael Jackson: Neverland Ranch - Foreclosure !
November 13th, 2007 5:59 AM

Michael Jackson:  Neverland Ranch

Foreclosure  Listing  on  Foreclosure.com



Even the rich and famous face foreclosure situations.

Pop superstar and cultural musical icon since the late 1960s, Michael Jackson, is in jeopardy of losing his sprawling 2,800-acre Neverland Ranch in Los Olivos, Calif., to the lender, which recently filed a notice of default in the amount of $23 million.

There are currently over 1.5 million foreclosure listings nationwide on Foreclosure.com.  This is an example of what Foreclosure.com calls their  “Deal of the Day.”

This dramatic example illustrates that unexpected situations constantly emerge that can trigger a default notice — and it can happen to anyone.

To check out the listing on Foreclosure.com at 5225 Figueroa Mountain Road in Santa Barbara County click here.

It’s important to note that this property is in preforeclosure.  Indeed, Jackson still owns it and the bank has not repossessed it … yet.  In fact, he has about 120 days (February 2008) to bring the loan current and stop foreclosure.

On the other hand, an independent investor can also work out a deal with Jackson and the bank in the next few months to purchase the ranch while it’s in preforeclosure.  He no longer lives there, which means that it may be possible to settle for far less than the $23 million owed to the lender.

Who knows …. someone could be in for a real “Thriller.”  There is no telling whether the elephants, giraffes, other animals and high-end toys could be included in a package deal.


Posted by Lee Marlin on November 13th, 2007 5:59 AMPost a Comment (0)

Stage Your Home To Sell It Faster
November 2nd, 2007 4:48 AM

My Friend - Beverly Cohen - Certified Staging Consultant - recommends:

Stage Your Home To Sell It Faster

Reprinted courtesy of Beverly Cohen
 
Does Your Home Outshine the Competition?
 
To sell your home in a slow and highly competitive real estate market, you need to make it outshine the competition.  Buyers buy homes they fall in love with and they fall in love with homes that are squeaky clean and shiny, luxurious and elegant, and in move-in condition.   If your home just won't sell, there is a reason buyers are not falling in love with it.  The reason they are not falling in love could be something that frequently sends buyers running.  Any of these four things will send buyers running without looking back.
  • Unpleasant odors and smells.  This is the number one thing that will send buyers running the fastest.  At the top of the list are odors from cigarettes, pets, and diaper pails.   Since you live in the home, you may not notice odors that buyers smell.  Ask  someone who does not live in the house to do a sniff test.  If they notice any unpleasant odors or smells, you need to do whatever it takes to rid the house of them.  You client also needs to keep any new odors out, .i.e, if you are a smoker, DO NOT SMOKE IN THE HOUSE.  While your home is on the market, avoid cooking any foods that leave lingering odors such as fish or liver.  The only acceptable (and actually desirable) lingering smells are from baked goods such as bread, cakes, and cookies.
  •  
  • Outdated Wallpaper.  Few things will make buyers run faster than outdated wallpaper.  Wallpaper is very taste specific and few buyers can envision themselves living in a house surrounded by someone else's taste in wallpaper. Wallpaper makes a house look dated and uncluttered rooms feel cluttered.  Also, rooms with wallpaper do not look their best in online photos. Removing wallpaper may be a lot of work, but if it’s too much trouble for you, a buyer would probably also view it as being too much trouble.  Take a tip from the model homes of builders: go with neutral paint to make the rooms brighter and to make them look larger.  Buyers don’t want to buy work and trouble.  Rather than buying a house that requires work, a buyer will move on to the next listing.
  •  
  • Pets.  With the exception of fish, even buyers who own pets do not want to encounter any evidence that pets live in your home.  Clifford and Garfield need to spend every day in pet daycare or go on an extended, all expense paid vacation.  Unless you want to limit potential buyers to pet owners and pet lovers, remove all evidence that you have a pet.  Some buyers dislike pets, some are afraid of pets, some are allergic to pet dander, and very few want to buy a home that smells of pets.
  •  
  • Dirty or outdated kitchens and bathrooms.  Kitchens and bathrooms are the most important rooms to buyers and need to reflect the current styles and trends.  They need to look as clean and shiny as if they have never been used.  Even if buyers fall in love with the rest of your client's house, outdated, grungy, grimy, and dirty bathrooms and kitchens will send them running. The buyer thinks - "Well, if they didn't take care of something as important as this, what else did they neglect?"   Spending money to update these areas is usually money well-spent. 
 
 First Impressions Staged Homes would like to help you make your home outshine the competition.  To schedule an appointment, call 770-998-5988 or email Beverly@FirstImpressionsStagedHomes.


Posted by Lee Marlin on November 2nd, 2007 4:48 AMPost a Comment (0)

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Lee Marlin-Atlanta Short Sales 3730 Roswell Road Suite 150 Marietta, GA 30062
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