October 13, 2010

Atlanta Home Values-What the Recovery Means to YOU as an Atlanta Home Buyer!

Posted in Uncategorized tagged , , , , , , , , , , , , , , , , , , at 8:18 pm by winterbaserva

Atlanta Home Values-What the Recovery Means to YOU as an Atlanta Home Buyer!

Atlanta home sales are rising…slowing, but surely. Soon, builders will be buying lots and building again and prices will no longer be in free fall. After so much pain, signs of a recovering housing market are starting to surface, so what does this mean to you??

For folks in the high-end market, this still means long waiting periods. In the mid-range homes in Atlanta, we are still seeing homes move at a fairly decent rate of 6-10 months. Of course, the lower-priced Atlanta foreclosures and Atlanta short sales is where we see most of the action occurring. A big chunk of the 1.9 million post-boom foreclosures have been among the least expensive of the 35% of homes.

The tax credit did a world of good for stabilizing home values and we say an increase of 9% from a year ago in the $100-250,000 homes due to it. However, we’ll truly start to see the end of the housing bust once unemployment stabilizes.

Despite the hurdles, the Atlanta home market is not as bad as it may seem. But, of course, you won’t hear news headlines of that nature. Greater demand combined with less supply is providing a big spark to the Atlanta home market. Buyers in many Atlanta areas are going up against the dreaded “multiple offers”. This can easily be overcome for buyers with terms that the banks understand like large earnest money deposits, quick closes and low contingencies.

Since the beginning of 2010, over 20,849 homes have SOLD according to FMLS data. This is an average of 3,500 homes per month (that have been changed properly in the system). Not too shabby considering all of the doom and gloom talk. The bottom line is that Atlanta foreclosures have always been around, they always will be around, but the bottom has hit and there is still a limited window of opportunity left to capitalize on one of history’s BEST buying opportunities.

If you’re looking to find your next STEAL OF A DEAL, call me today and let me show you how to make waves in this unprecedented time.

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September 2, 2008

The Future of Atlanta Real Estate

Posted in Uncategorized tagged , , , , , , at 6:29 pm by winterbaserva

GREAT NEWS!!! According to Forbes.com, these are the 10 CITIES that Forbes projects to have home prices increase:

* Albuquerque, NM

* Charlotte, NC

* San Antonio, TX

* Portland, OR

* Austin, TX

* Salt Lake City, UT

* Colorado Springs, CO

* Minneapolis, MN

* ATLANTA, GA

* Oklahoma City, OK

And, WHY HAVEN’T YOU BOUGHT A HOME YET???

For great Atlanta Real Estate deals, Atlanta Foreclosures, Atlanta REO properties, and other useful information on buying or selling real estate in Atlanta, visit www.onewinter.biz.

August 29, 2008

America’s Most Distressed Housing Markets, Where Does Atlanta Real Estate Stack Up???

Posted in Uncategorized tagged , , , , , , at 2:11 pm by winterbaserva

According to a recent report on America’s Most Distressed Housing Markets in Forbes.com, the “hardest-hit” home markets include Las Vegas, Sacramento, Los Angeles, San Francisco, Phoenix and Detroit, amongst others.  In the article, Stan Humphries, vice president of data and analytics at Zillow.com, an online aggregator of real estate listings and public sales records states “Nationally, one-third of homes are underwater, and 20% of transactions happening across the country are foreclosures. That’s what drives up the number of home sales for a loss.”

It’s no secret that the dreaded “adjustable-rate mortgage” is responsible for a large part of the foreclosures on the market, but other factors such as job-loss,  inflation, and people who should have never probably been funded in the first place, have to be factored in as well.

Fool me once, shame on me; fool me twice, Shame on You!
Shame on you America!!

The days of where you could fog a mirror and get a loan approved are long gone and thank goodness for that. We want our economy to be stabilized and fruitful, not filled with empty promises.
The most promising thing for me in reading this report was Atlanta not being included as one of “America’s Worst Housing Markets.” As a matter of fact, the only mention of Atlanta real estate or the Atlanta home market at all was by the author Matt Woolsey who states “For markets like Phoenix or Atlanta, where prices spiked by double digits annually from 2002 to 2006, selling for a loss can be a positive sign that housing markets are actively correcting and that come-lately speculators are being flushed out.”

Hmmm….Doesn’t seem so doom and gloom to me, as a matter a fact, it looks like relief might be on the way for Atlanta’s housing market. Yes, while there are a good number of Atlanta Short Sales and Atlanta Foreclosures still available, more and more investors are picking those properties up. For example, I had two REO deals that I submitted offers on last week that were already under contract by the time I got there. And, although I was disappointed for my clients, it shows an improvement to what is happening with Atlanta Real Estate.

Fact is Atlanta is the sixth-largest city in the Southeastern region, and known for its great weather, opportunity, nightlife, and overall robust flavor. As Atlanta has undergone a transition from a city of regional commerce to a city of international influence, it has been among the fastest growing cities in the developed world for over a decade.

So, what will happen with the Atlanta’s housing market?? Well only time will tell…..With all of the global technology companies and international corporate headquarters such as UPS, Delta, Coca-Cola, CNN, TBS, the Center for Disease Control, or the historical recognition such as Gone With the Wind, the Braves, the 1996 Olympic Games, over 32 “Peachtree”-named streets, home of the world’s largest aquarium, and good ol’ sweet tea, Atlanta is constantly reinventing itself.  With over 5.3 million residents, there will always be a need for “home.” Whether you are looking for your next home or investment, there has NEVER BEEN A BETTER TIME TO BUY!!!

With a steady increase in expansion each year, Atlanta’s growth is expected to continue. With all these attributes, it’s only a matter of time until demand again exceeds supply and these prices are much higher. And, luckily if we can count on history to repeat itself, we will all look back in 10 years from now and wish we bought every home, lot and condominium we could possibly afford.  So, stop procrastinating and START capitalizing on one of the greatest discount sales events Atlanta real estate has EVER seen!!

August 22, 2008

Using “Fear” to Drive Profitability in the Atlanta Home Market

Posted in Uncategorized tagged , , , , , , , , , at 2:43 am by winterbaserva

“U.S. Housing Market Collapses,” “U.S. Unemployment Rate at Four-Year High,” “Recession….A Reality” are the common headlines we see every day in the United States. With tight credit, unemployment growing, and worries mounting about a potential recession, Americans are in a constant state of panic. While most of us let the media navigate our plans and keep us paralyzed, there’s a whole movement of people capitalizing on the benefits of buying Atlanta homes and using “fear” to drive profitability.

See, fear has become an excuse for many people to not do anything and the smart ones are using “the fearees” lack of education to set themselves up! That’s right FEAR = MONEY for those who chose to act on these historically-low housing prices. There has never been a better time to buy Atlanta real estate and despite what the media says, the market is NOT AS BAD as they make it out to be. More and more I am finding that my buyers’ first choice has been snatched up while they were searching around “just to make sure they were getting the right one.” I’ve been put into bidding wars two times in the last month alone. All this is telling me is that the market is coming back and just as it fell off gradually and then suddenly, it will come back gradually and then very suddenly.

Some areas haven’t seen the effects as much as others including Dunwoody homes, Sandy Springs homes, Roswell homes and Brookhaven homes. Because there isn’t much to fear about owning real estate inside the perimeter–rather the fear of not buying in those areas tends to be the real driver.

What you don’t seem to hear from the media are all the statistics in favor of the Atlanta Housing Market. For example, Georgia ranks 5th among the best states for business in the new Forbes.com The Best States for Business rankings. The state of Georgia, especially the Atlanta area, has an unmatched transportation network, a favorable business tax environment and a well-trained work force.  Where there is a successful business environment, there is a strong housing market.  With low prices, available incentives, and a great selection of new homes, now is the time to buy.

So stop being a scaredy cat and start capitalizing on fear during the biggest discount sales events the housing market has ever seen….I double dog dare you!