Just Call Me!!!!! - 08/22/10 10:22 AM
Yesterday morning, I wrote an offer for a house. I called the listing agent, leaving her a voice mail message, asking her to call me before I sent the offer and to please return my call. 3 hours later, she texted me. I returned the text and called her again, leaving a 2nd message. I called her 3 hours later, leaving her a 3rd message saying that I wasn't going to email the offer, until we spoke. 
This morning, I received an email message from her, saying she hasn't received the offer, but she did receive my voice mail message (singular!).
Don't get me wrong: I think that texting, … (1 comments)

Finally Sold in Atlanta! - 08/08/10 02:19 PM
Atlanta's Dean Gardens, one of the largest and most expensive homes in NE Atlanta just sold. The home is over 32,000 square feet, with two carriage houses. It has been on and off the market for over 15 years, for $20M to $40M! It sold last week for $7.6M, 55% of its latest listing price of $13.9M.
"Atlanta's Pink Mansion", as the Wall Street Journal called it, is slated to be torn down. The home took four years to build and has an 18-hole golf course, wedding chapel and amphitheatre on its 58 acres.

"It's not sad," says the former owner, Larry Dean. "The … (4 comments)

Help for Underwater Homeowners? - 08/06/10 07:04 PM
 The big economic rumor these days, from Washington to Wall Street, is that investment firms are privately alerting their clients that the Obama administration may order government lenders, Fannie Mae and Freddie Mac, to forgive a portion of the mortgage debt of millions of Americans who owe more than their homes are worth. The move would be a political and economic bombshell, especially since it would come less than 100 days away from a midterm election, where Democrats are expected to suffer massive losses.
Earlier this week, a top Morgan Stanley economist recommended to the Senate Budget Committe that Fannie and Freddie ease their lending standards, so that millions of Americans … (2 comments)

The New Tax Break - 08/03/10 09:08 PM
On April 30, 2010, mortgage rates were 5.125%.  All Realtors all know that April 30 was the last day to write a contract and be eligible for the $8000 first time homebuyer tax credit. Today, mortgage rates were 4.375%.
On a $300,000 loan, for homebuyers who purchased after the tax credit expired, the difference in these rates would be a savings of $135/month!  Over a 5-year period, today's homebuyer would save $8,100 in interest payments, versus the homebuyer who received the tax credit.  
In effect, the market is providing an amazing stimulus to the economy!
… (3 comments)

 
Nancy Aroneck (Keller Williams Realty)

Nancy Aroneck

Atlanta, GA

More about me…

Keller Williams Realty

Address: 804 Town Boulevard, Suite A-2040, Atlanta, GA, 30319

Office Phone: (404) 419-3500

Cell Phone: (404) 932-7232

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I blog about Atlanta's sub-markets in our metro area's real estate market and how Sellers and Buyers are affected.


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