Atlanta real estate activity! In the last week or so the phones calls have started picking up a little and we have started to receive contracts on homes have been sitting on the market for quite a while.  This is a great thing.  The price range for Atlanta real estate activity seems to be under 300K.  We're hoping this is going to spread to the higher price ranges.  We have closed one of the listings, and received contracts on 3 others, and have a forth contract coming in later this week.  Two of the listings received multiple offers.  To me that is a good sign since the Atlanta real estate market in my opinion tends to start with Easter week each year to coincide with early school let out in May in the Atlanta region.

The quality of the offers are different than in the past - more closing costs, and only one full priced offer.  It will be interesting to see these offers to closing.  The interesting item was that these homes were priced critically to market, had been painted, and one home updated appliances, counter-tops, sinks, painting and flooring.  What remains critical in this market is not counting on the sale until it closes.  We generate loads of real estate referrals in Atlanta and the primary deal killers are financing, and appraisal.  Many Atlanta homes for sale are not appraising in the Atlanta area as easily as last year.  Comparable home sales must be within the same community, and have closed within the last 3 months!