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metro atlanta: Good Morning America - What Can $100,000 buy you in today's market & Key Buying Factors - 04/21/11 07:58 AM
Yesterday afternoon we shot the piece that aired this morning on Good Morning America. 4 Hours of taping condensed into less than 2 minutes almost ensures that part of the key components hit the editor's floor...so here' the rest you should know.
While we’d all love to buy a home for under $100,000 – it’s not always that simple. The fundamental components to what I was interviewed on & aired this morning on Good Morning America was the fact that we are in an unprecedented period in time where people are capable of purchasing property with an incredibly large volume of … (3 comments)
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metro atlanta: Do You Know Anyone Looking to Buy or Sell real estat in Atlanta? Easy Question & Easy Reward - 10/29/09 11:24 AM
Giving away a $50 Gift Certificate to Sotto Sotto – A Great Italian Restaurant in Inman Park – TODAY! (10/29/09)
This is no joke.
Entering the contest is really simple. All you have to do is answer “yes” or “no” to the following question:
“Do you know anyone who wants to buy or sell real estate, not working with an agent yet?”
That’s it. It’s really that simple. All you have to do is e-mail Mike@LiveInAtlantaGA.com with a yes or no response and you’ll be entered to win.
Keys To Winning: Yes/No response = 1 Entry in Contest … (0 comments)
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metro atlanta: Short Sale Completed - Another East Atlanta Home Sold By Michael Neville & Associates - 10/26/09 07:22 PM
Well, After 3 other agents failed to sell 2141 Stockbridge Drive Atlanta, GA 30316 in the East Atlanta neighborhood I received a call from the Seller saying she was frustrated and didn't know what to do with the Short Sale process.
After a quick Q & A session it became clear to me that the Seller had not been dealing with serious agents committed to the process, no intimate knowledge of the neighborhood (1 of them lived over an hour away!!), or experience in knowing how to successfully navigate a short sale of this type.
Every Short Sale is different. … (2 comments)
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metro atlanta: Builder Close Out - Unofficial short sale - great deal for my Buyers! - 08/05/09 06:09 PM
Last week my 1st Time Home-Buyer Clients closed on their "Dream Home". They wanted "shiny & new" with all of the modern conveniences at a rock bottom price.
After months of discussions, data analysis, explanations, etc. about how big of a risk it is to buy new construction in Atlanta in 2009 from Builders with unfinished developments & massive standing inventory, they finally found the ideal situation in which I'd give my professional blessing for them to move forward & know that they were in the best financial situation within the development. We were looking for true Builder Closeouts.
… (0 comments)
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metro atlanta: Marathon Purchase has been completed! Another happy family from Atlanta to Alpharetta to Johns Creek -- all over Metro Atlanta - 07/07/09 06:19 PM
560 Midhurst Place
So, after 1 year and 2 months of searching (with a break in the middle for the birth of the buyer's 2nd baby) I can proudly say -- We found an incredible home that met all of the Buyer's key criteria: great schools, great community, equity position, convenient to work and new/well-maintained structure.
Considering the Buyer's employment and recent graduation from the Goizueta Business School at Emory University he was initially interested in the immediate areas that would be served by either Fernbank Elementary School or Morningside Elementary School. After evaluation of other criteria it led us … (0 comments)
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metro atlanta: Metro Atlanta Market Insight - 1st qtr # analysis, Federal & Georgia Tax Credits, Buyer Benefits, Seller Challenges - 05/20/09 12:32 PM
In the Metro Atlanta Area the economic stimulus of the $8,000 tax credit to first time homebuyers is showing signs of positively impacting the market. The additional $1,800 max or 1.2% of sales price state tax credit signed into law last week by Governor Purdue will be applied to ALL home buyers - NOT JUST 1st Time Homebuyers, but it only last for the next 6 months and to properties that were on the market at the time of the bill being signed into law. First time homebuyers typically fall below the $250,000 threshold on their purchases. In the Atlanta market, … (0 comments)
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metro atlanta: Brutal Honesty on the Atlanta Real Estate Market - 04/17/09 04:05 PM
The following statistical information comes from the data gathered by FMLS.
Mike's Corner - Market Update - The average sale price for single family detached homes in Metro Atlanta was $179,368 in February compared to December '08 $208,965, which is a $29,597 drop in two months! This is the lowest monthly average since February 1998, 11 years ago. The average February closed price was 21.7% lower than February 2008. There are certain counties and neighborhoods that have faired better or worse than others. The worst being Clayton County (school accredidation is a HUGE issue - plus the median income is substantially lower, … (0 comments)
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metro atlanta: Buy a House Cheaper than a Car in Atlanta, GA! - 03/07/09 11:45 AM
This week I wrote a contract for $10,500 for a 2 bedroom 1 bath home. Of course it needed work, the investor had bids of roughly 15K to make the home livable. THINK ABOUT IT. For less than $30,000 - someone is going to be living in a 2 bedroom/1 bath home.
Yes, that's an incredible rental property that will have a positive cash flow of a few hundred dollars NET every month from day 1, never mind the land appreciation in the coming years. (The home is less than 1 mile from the Georgia Dome, CNN Center, Philips Arena, the … (1 comments)
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metro atlanta: The tale of two Atlanta Markets - 03/06/09 02:39 PM
We are two months into 2009 and I think perhaps an “update” is in order. There are two sides to every coin and the same is true for our current market. For this update I will touch on how our current market effects both Buyers and Sellers. Expert advice, insight, and objectivity are what we strive for at Michael Neville & Associates.
Buyers:
1. Lots of options. There are currently 45,648 ACTIVE single-family properties listed in the FMLS for Metro Atlanta. Nearly 30% of these are Short Sales or Bank Owned properties.
2. The FHA limit has recently … (0 comments)
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metro atlanta: First-Time Homebuyer Tax Credit as part of the American Recovery and Reinvestment Act - 02/20/09 12:28 PM
There has been a lot of discussion about the housing market on Capitol Hill for some time now and President Obama signed the American Recovery and Reinvestment Act earlier this week. I wanted to ensure you, as well as anyone you know who may need to understand this piece of legislation, are aware of some of the important details about the Homebuyer Tax Credit.
There is no doubt that anyone capable of qualifying to be a 1st time homebuyer will receive unparalleled benefits that our country has not seen. The amount of inventory, low sales prices, low interest … (3 comments)
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metro atlanta: Spring Market is Here! - or at least right around the corner :=) - 02/04/09 04:37 PM
I know, it's 37 degrees outside & people are questioning if they are in Atlanta or Alaska, but I promise the Spring Market is here! - well, at least it's beginning to come out of the winter slumber.
Atlanta basically has 1 month of "winter". Yes, it's "cold" by Southern standards from Thanksgiving to Valentine's Day, but you can tell Spring is here as we begin to see a dramatic increase in builders pushing to have their renovations ready, home owners calling to evaluate selling their home & asking for listing presentations, and of course an increase in inquiries from people … (0 comments)
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metro atlanta: How Much Will This Cost Me? - A Buyer's Guid to Out of Pocket Expenses, Pre-paids, & Closing Costs - 01/27/09 04:26 PM
As a realtor in Metro Atlanta, my job is to ensure that my clients are well-informed, protected, and advised as to the options available to them. I provide as much information as possible in order to ensure they make an informed decision when purchasing a home, whether as an owner occupant or as an investment. In particular, I try to safeguard 1st time buyers. I want my first-time home buyers to be 100% comfortable with their decision today and in the coming years as well. There are a few minor differences depending on the county dealing with water/plumbing, and a few … (1 comments)
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metro atlanta: Short Sales - assisting owners out of a tough situation - 01/22/09 03:02 PM
Short Sales have become a necessary step for a number of homeowners who may be encountering a number of different circumstances and need a way to get out of their current property. Short sales can be the right option for people who have experienced a job transfer, job loss, change in family (divorce, death, or even birth), or even the "declining market" can serve as a "hardship" to allow a home owner to have their lender agree to a short sale.
Short sales are not "short", they simply mean that the amount the property is sold for is "short/less" than the … (0 comments)
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metro atlanta: Calling All Investors to Atlanta - CASH IS KING! - 01/12/09 07:17 PM
As someone who studies & observes the market on a daily basis I am consistently blown away by the opportunities presenting themselves for investors to take advantage of. Depending on their investment strategy (buy & hold - long term rental; buy, lipstick fix, short term rent, large renovation & flip; or buy & flip; buy, assemble & develop)
I'm seeing incredible opportunities in Dekalb County, Fulton County, Clayton County (yes - the school system nightmare creates opportunities for the right type of investors), & Cobb County. The City of Atlanta has opportunities that will blow your mind! There are multi-family dwellings … (2 comments)
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metro atlanta: Enjoy Atlanta at a Half of the price - golf, restaurants, spas, etc. - 12/18/08 11:00 AM
So buy now most people are aware of the gift certificates to restaurants through restaurant.com which is a national service, but few are aware of a website that serves the Metro Atlanta Community with half off or more. The website is halfoffdepot.com - They have arrangements with LOCAL restaurants, establishments, businesses, etc. that aren't affiliated with national services. This is a great way to enjoy Metro Atlanta.
They have huge discounts in the following categories:
1) Restaurants(Carrol Street Cafe, Carpe Diem, too many more to name)
2) Pubs, clubs, & bars(Pub 71, Highland Cigar)
3) Performances & Events (free museum & … (1 comments)
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metro atlanta: Definition of a Short Sale - vocab, steps, advice - 12/15/08 08:52 AM
So there are a number of people in the Metro Atlanta area that are confused as to what a short-sale is and how it works, both as a buyer & a seller. No neighborhood is immune to these. I've seen them in East Atlanta, Virginia Highland, Morningside, Camp Creek, Alpharetta, it doesn't matter - they're happening in all price ranges because they depend on the seller's financial challenges.
Short sales aren't typically short in the time process compared to a traditional residential sale, they are "short" on cash for repaying the outstanding balance of a loan and where you are trying … (0 comments)
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metro atlanta: Historical Comparison of Buyer's Markets - 12/13/08 09:34 AM
This time in history is not merely unprecedented, it's NEVER HAPPENED, NEVER. There have been 2 buyer's* markets in recent history. (A buyer's market is defined by high inventory, and typically marked with lower prices)
1) 1978-82 - early 80’s rates were 18%!!!
2) 1989-1992 – early 90’s rates were 10%!!!
NEVER have we had both high inventory/lower sales prices and low rates simultaneously. If you know ANYONE NOT IN A HOME, OR ON THE FENCE ON INVESTING, I’d be happy to help so please send me there info. IT DOES NOT GET ANY BETTER THAN … (0 comments)
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metro atlanta: Historical Comparison of Buyer's Markets - 12/13/08 09:33 AM
This time in history is not merely unprecedented, it's NEVER HAPPENED, NEVER. There have been 2 buyer's* markets in recent history. (A buyer's market is defined by high inventory, and typically marked with lower prices)
1) 1978-82 - early 80’s rates were 18%!!!
2) 1989-1992 – early 90’s rates were 10%!!!
NEVER have we had both high inventory/lower sales prices and low rates simultaneously. If you know ANYONE NOT IN A HOME, OR ON THE FENCE ON INVESTING, I’d be happy to help so please send me there info. IT DOES NOT GET ANY BETTER THAN NOW … (0 comments)
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metro atlanta: How Good of a Deal is this Foreclosure - Tips for Buyers - Especially in the Atlanta Market - 12/01/08 05:20 PM
So, the buzz words are everywhere that lead the general public to believe that Foreclosures are automatically an incredible deal "Instant Equity" "$.50 on the dollar" "Bank Owned" and the list goes on and on, but how good of a deal are they?
Well, like people, each foreclosure is unique - while some are similar and tend to be grouped together, no property or transaction is identical.
Over the last year I've had friends, clients, & complete strangers ask me about the amazing world of foreclosures and how they can get the instant equity they keep hearing about. There's no doubt … (0 comments)
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Michael Neville - Intown Atlanta Realtor
Atlanta,
GA
More about me…
Keller Williams Realty Atlanta Midtown
Address: 1420 Peachtree Street NE, Suite 100, Atlanta, GA, 30309
Office Phone: (404) 604-3116
Cell Phone: (404) 310-8364
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