market conditions: Program Will Pay Homeowners Who Sell at a Loss - 03/09/10 05:43 AM
The Obama administration has announced a new short-sale program aimed at alleviating some of the roadblocks that now impede the process, which will hopefully inject some life into the nation's ailing real estate market.   According to a New York Times article, the program -- that will take effect on April 5 -- will help some of the five million households who are currently behind on their mortgages by compelling lenders to accept a short-sale arrangement in lieu of foreclosure. A short-sale can occur when a lender agrees to take less for a property than the amount owed on the mortgage, thereby avoiding foreclosure.The program will not help everyone; … (6 comments)

market conditions: A Surprising Jump -- February Market Analysis for Blue Ridge, GA - 03/05/09 01:01 AM
I'm battered, bruised, exhausted...but happy. Fannn County's Residential Market Analysis for February shows that you HAVE been paying attention after all! Me so proud!When I first pulled the numbers, I was ecstatic -- the median sales price for February '09 was $248,000, compared with $179,825 in February of '08. That represents a 27% jump in the median sales price! WOW! The market's up, happy days are here again! I probably should have stopped there; ignorance, after all, is bliss.   But, I noticed that on the flip side, the total number of sales for the month were down over last year. In February … (4 comments)

market conditions: Of Dinosaurs and Houses . . . McMansions Face Extinction - 02/15/09 01:12 AM
The real estate equivalent of the Ice Age is upon us. Like the prehistoric behemoths that roamed the earth millions of years ago, the McMansions and ever-more elaborate homes that popped up all over the landscape during the boom years are being crushed under the weight of their own bloated "over-the-top-ness." The icy winds of change that have contracted our economy are doing the same to the footprint of new homes being designed and constructed.
Smaller is the new black.  New home buyers -- unfettered by the need to sell a house before buying -- are now making up an ever-increasing share … (11 comments)

market conditions: You've Been Warned - Blue Ridge Market Report - 02/13/09 02:23 AM
I've done my best...I've reasoned, cajoled, analyzed, postulated, hypothesized, and rationcinated (look it up!). I've begged, pleaded, beseeched, implored, and supplicated. I have been telling you for months now that we are in an unprecedented time of opportunity for home buyers. As investor Warren Buffett so aptly put it: "Get greedy when others are fearful, and fearful when others are greedy."The sales figures are in for January 2009. The median residential sale price was $208,500. Compare that with the January 2008 median of $245,000, and you have a 15 percent decline in price. With the ecomic stimulus package poised to be signed … (13 comments)

market conditions: Boy Bands & Blue Ridge Real Estate -- A Market Analysis - 01/28/09 03:05 PM
Love 'em or hate 'em, it was hard to miss the "Boy Band" chapter in pop music that began in the late '90's.  Bands like *NSync and The Backstreet Boys dominated the music charts -- and the daydreams -- of countless 'tweens.'  
One inescapable tune was *NSync's "Bye Bye Bye," so catchy was it that even a fast-approaching middle-age gal like me couldn't help but belt out it's infectious refrain (in the privacy of my own car when I was sure no one was looking, of course.) Fast forward nine years, and as I do an analysis of Fannin County real estate for … (4 comments)

market conditions: Deals so sweet, they're almost good enough to eat: A market report for Blue Ridge, GA - 12/03/08 02:33 PM
Housing prices in Blue Ridge and surrounding communities continue their steady march downward. An analysis of year-to-date sales for 2008 shows that the median price for residential properties has dropped 17% over the same time period in 2007, while the total volume sold dropped nearly 35%. There are currently 605 cabins on the market in Fannin County and many of these are a-MAZING deals! Cabins with amenities like jaw-dropping panoramic mountain views, river or creek frontage, luxe interiors, hot tubs and outdoor fireplaces are available at prices $100,000 to $200,000 less than comparable properties sold for just two years ago.  Cabin prices are … (4 comments)

market conditions: Blue Ridge Market Report~~The One That Got Away? - 09/09/08 01:00 AM
We all have our tales to tell of "the one that got away." The fish--or the deal--that was within our grasp and we let it slip away. The current real estate market in Blue Ridge is going to generate a lot of "the one that got away" tales of woe. NOW is the time to buy. Wait at your peril! Using a year-to-date comparison, the median price of homes fell 17% compared to the same time period in 2007. (I am using median price, because a few high end sales tend to skew the average price.) However, if you compare August of … (7 comments)

market conditions: A Tale of Two Price Cuts - 08/24/08 02:53 AM
An article in today's Washington Post, "When Cutting the Price, Take a Big Bite, Not a Bunch of Nibbles," puts forth the premise that, when considering making price cuts to your listings, you consider one BIG cut as opposed to several little ones--even though you may eventually wind up at the same price.
The theory is that big cuts make far more of a splash than little ones and are more likely to catch the attention of other agents and potential buyers.
I can vouch for the truth to that. I have two higher-priced listings: the first started out at $799,000 … (8 comments)

market conditions: What do Double Dutch Jump Roping & Real Estate Have in Common? A Market Analysis for Blue Ridge, GA - 08/08/08 02:24 AM
Ever watch Double Dutch? It's not your mother's jump roping! The sport involves at least three people and two ropes. One person jumps while the other two rotate the ropes. More than one person can jump at the same time, and there is often some kind of gymnastics or breakdancing involved in the jumping. It is a real kick to watch!
The key to Double Dutch is timing.  Enter the furiously rotating ropes at exactly the right time, and you can be a star. Enter at the wrong time and you wind up with a tangle of rope around your ankles, or, worse, on your butt.
(2 comments)

market conditions: Are the Clouds Parting? A Market Analysis for Blue Ridge, GA - 07/16/08 01:52 AM
Mid-year 2008 finds the real estate industry in the North Georgia Mountains in a state of uncertainty. Agents--many of them with considerable experience--are dropping out of real estate to pursue "real" jobs. Most others are hunkering down to try to ride out the worst of the storm. Cutting out all but the most essential expenses, agents are doing some serious belt-tightening.  One needs only to pick up a current edition of The Real Estate Book--once a healthy publication that used to swell up to nearly 200 pages, now down to less than 60 pages--to see that agents are cutting back.
Is … (4 comments)

market conditions: It's the End of the World as We Know It ... And I Feel Fine! - 03/06/08 08:10 AM
I am a total news junkie!  I check three newspapers every morning on-line: The New York Times & Washington Post for world/national news & the political columnists, and The Atlanta-Journal Constitution for local news, plus they have some very fine columnists, as well.  (Then, of course, I move on to my new favorite on-line site--Active Rain!)
That means that every single day I start my morning reading what to most would seem like very depressing stories about the woes of the housing market.  And every time I read one, I think the same thing: Good! Hopefully there are agents out there who will … (14 comments)

market conditions: "The Housing Fix" -- Do you agree? - 03/05/08 02:23 AM
I like this well-reasoned op-ed that ran in today's Washington  Post.  It is a good counter-balance to most of what we're hearing these days.  Let me know if you agree.
The Housing Fix
By Robert J. Samuelson - Washington PostWednesday, March 5, 2008; A21
"Decline in Home Prices Accelerates"
-- Page One headline, the Wall Street Journal, Feb. 27
Gloom. Doom. Calamity. Home prices are tumbling. We're bombarded by somber reports. But wait. This is actually good news, because lower home prices are the only real solution to the housing collapse. The sooner prices fall, the better. The longer the adjustment takes, the longer the housing slump … (4 comments)

 
Kim Southern- "Sold" with Southern Hospitality, Greetings from the North Georgia Mountains! (Century 21 In the Mountains) Rainmaker large

Kim Southern- "Sold" with Southern Hospitality

Greetings from the North Georgia Mountains!

Ellijay, GA

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Century 21 In the Mountains

Address: 57 First Ave, East Ellijay, GA, 30540

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