Where are my buyers with vision?…

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I’ve been watching this home (and a few others) for months…waiting for the signs to go up. Foreclosure… No, a resident didn’t lose his/her home..but an investor did!

This empty partially renovated (more than most, but need’s new floors) bungalow has been taunting me. I’m kicking myself because my batteries were depleted in the camera so I couldn’t get good pictures (I know- I know… why don’t I have rechargeable?), there are a few online, but you MUST SEE this one to appreciate.  This home is very spacious- listed as a 3/2… let me tell you- that’s not accurate (listing agent, did you view it before listing it?)- over 2000 sqft …HUGE Attic fully converted with a kitchen, bathroom and spacious bedrooms- one large enough to  have a platform… you just have to see it! The space is unexpected- the upstairs skylights and kitchen are unexpected (and just waiting to be riped out and expand the master bath into a spa retreat…the lovely arches separating the living-room and dining room are very unexpected but nicely done!

Sonia- if  the other does not come through- hey, I found your new home..and Dean’s theater room already with a platform for his huge TV.. LOL….

Ok- the only thing; I’m trying to figure out the parking situation… there is a parking pad behind the home with a covering but I don’t  know if it belongs to the house… I need a survey. Maybe there’s an alley.. I’ll look again tomorrow..

Remodeling Becomes Status Symbol

Daily Real Estate News 

At the height of the real estate boom in 2005, Americans spent more than $180 billion on home renovations, according to Harvard’s Joint Center for Housing Studies.

Nationwide, according to the Harvard researchers, renovation expenditures fell an estimated 2.3 percent in 2007 and will continue to decline in 2008.

But in neighborhoods that are relatively untouched by the housing bust, there are still plenty of dumpsters in the driveways.

Cornell economist Robert Frank, author of Luxury Fever, hypothesizes that people renovate homes because they see others doing it. He says that even people who aren’t particularly materialistic look at their neighbors and say, “‘He has something nicer than I do, and I feel bad about it.’ … They decide to renovate not just aiming to impress people, but to feel that they are treating themselves right,” Franks says.

Source: The Boston Globe, Daniel McGinn (02/24/08)

I can’t deny it…

I’m a bit stressed. About what? The market, our zip code, mortgage fraud- it’s effects on us and the fact  that the West End is constantly over looked as Atlanta’s HOT in-town city by magazines. If I pick up another Atlanta Newcomer and see only Grant Park, East Atlanta, Virgina Highlands listed…I’ll be forced to ask Carl Ness (the mastermind behind our Christmas party that had us on the front page of the AJC) to write one of profound letters on the West End to the editors…

I know this all will change, and the “Nay Sayers”, and those that over looked us will regret it- either they will regret it or try to jump on the band wagon at the end and claim to have known it all along- or have been apart of it’s growth and discovery.

I guess I shouldn’t be too upset about us being over looked. After all, this does allow those seriously and committed to being apart of the community to move in and afford to buy while working on many of our ‘grass roots’ projects. …and I guess I can’t be too mad because unlike other locations, at least our neighbors are not stressing over their mortgage payments in this declining market. …And I guess I should not be stressed, because what goes down will always come back up…right? Right?  Especially in Real Estate.  Sure it will. We know Real Estate- and this is just a snag that was going to happen sooner or later.  At least I didn’t pay 1million dollars for my home and it’s now appraising at 500K….. then it would be time for me to head south…….or to  Maine,(the only state that did not dip in value this quarter)

Staying positive… that’s the key.

This too shall pass…but in the mean time, while I’m venting let the record show that I really DISLIKE the new beta yahoo mailbox.

Architecture Coach: Tudor

This architecture style was popular in the 1920s and 1930s and continues to be a mainstay in suburbs across the United States. The defining characteristics are half-timbering on bay windows and upper floors, and facades that are dominated by one or more steeply pitched cross gables. Patterned brick or stone walls are common, as are rounded doorways, multi-paned casement windows, and large stone chimneys. A subtype of the Tudor Revival style is the Cotswold Cottage. With a sloping roof and a massive chimney at the front, a Cotswold Cottage may remind you of a picturesque storybook home.

Tudor???

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If so, Westview has it all… even lovely Tudor styled homes for sale. Fantastic condition and a surprise HUGE half finished attic..

What this home has: Butler’s pantry, DETAILS-DETAILS and DETAILS… EVERY DOOR has a sparkling antique glass knob & fixtures, sun room with sky light, huge yard, well maintained and loved…move right in and LIVE!(well, you will need a stove)  😉

Asking Price 170’sK

Dargan Pl. Rental $1100 per month

Owner will consider Lease Purchase..

Spacious renovated home on Dargan Pl for Rent! Across from well kept park in the Historic West End: 3bedrooms 2baths- home features wrap around porch,deck, FOUR fire places, box trey ceilings, French doors in breakfast room to deck, sitting area, stainless steel appliances, granite counter tops and much charm! Call to view this home today! 404-414-3289

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Lenders Find Owners Late on Payments

Daily Real Estate News  |   February 25, 2008
Mortgage lenders are going door-to-door in some parts of the country to track down borrowers who are behind on their payments and help them work out a solution.

The bottom line is the average foreclosure costs more than $50,000. It is cheaper and easier to lower the borrower’s interest rate and put them on a repayment plan or sell the home at less than is owed.

Hard to track down, no-contact borrowers, as the industry calls them, are in the majority. From September 2005 to August 2007, 53 percent of the loans backed by Freddie Mac that went into foreclosure involved borrowers who could not be reached.

Wells Fargo estimated that it had no contact with about 30 percent of delinquent home owners who went into foreclosure in 2006. Last year, it began testing envelopes in bold or unusual colors or resembling wedding invitations as a way to get these customers to open their mail.

Source: The Washington Post, Renae Merle (02/17/08)

Nia Knowles, Realtor

AREA West Realty Group, llc

Certified Short Sale and Foreclosure Specialist

  • First time homebuyers’ Agent
  • Listing Agent/Seller specialist (Investor, Relocation, Pre-Foreclosure,Estate Sale)
  • Atlanta down payment assistance expertise
  • FHA 203K renovation loan experienced
  • Broker Price Opinions (BPOs)

Hello! Welcome to my blog. I hope you’ve found it to be helpful.  If you are in the market to Buy or  Sell a home within the South West Atlanta area, please feel free to give me a call.

I am a local West End resident and specialize in two of the best In Town neighborhoods of Atlanta; Historic West End & Westview.  I’m not just saying that we are the best,I have found this to be true- I moved  here from East Atlanta!  If you are looking for homes reasonably priced, spacious, character filled and a TRUE sense of community within the city-  we’re here for you!  

For further information about each please view : www.westviewatlanta.com or www.atlantawestend.com contact any of the listed resources for neighborhood information as well as stats on crime, schools , shops.  Unfortunately my time is limited to my clients so I am unable to provide any general insight to our community beyond what I list on my blog.   However, after reviewing the above sites, and speaking with other residents, I’m sure you’ll come to agree these are great neighborhoods to relocate to and invest in.  Also, both communities have leaders that will provide walking tours.

If you are interested in becoming a client- feel free to give me a call 404-414-3289 or email niaknowsrealty@yahoo.com to set a time for us to meet. I look forward to working with you!

Want to know more about me? “Google” me- see all that I do within my communities, I’m serious about the continued growth and redevelopment of these wonderful communities within Neighborhood Planning Unit-T (NPU-T)!

 

Nia Knowles 

Skype ID: nia.knowles