Need easy access to Georgia Tech?

Have you looked in Home Park for your new home?   In this market, a home purchase may be more affordable than renting-and a better investment. 

Not familiar with Home Park?  Home Park was developed in 1901 as housing for workers at the Atlantic Steel Mill located where Atlantic Station is today. Over time and due to the schools’ close proximity, it has developed a large student population, being a popular alternative to on-campus housing at nearby institutions Georgia Tech and Georgia State University, resulting in a low owner occupancy rate. Because of its location directly south of Atlantic Station and north of Georgia Tech, it has recently seen an increase in property values and development

*Information from Wikipedia*

Here’s a good listing in Home Park- affordable with enough space for a roommate!

FMLS# #: 5066049    1102 Center Street NW  3bedrooms/2 bathrooms  list price $253K

Atlanta No. 2 most affordable housing market

Metro Atlanta hasn’t been the greatest place in the country to own a home, as everyone with a devalued house in these parts knows.

There is some good news, relatively speaking, though.

It doesn’t cost that much to buy here.

Atlanta ranks second in the U.S. among the top 25 metro areas in terms of home affordability, new research from Interest.com, a Bankrate company, shows.

The median household income in the Atlanta area exceeds the income required to purchase a median-priced home here by 40 percent. That’s better than every other  big market except for Detroit, where it’s 45.32 percent.

The rest of the top five most affordable metro areas are Minneapolis, Phoenix and St. Louis.

Of course, Detroit is hardly the symbol of economic success, and Phoenix has had major housing issues.

The least affordable markets: San Francisco, New York, San Diego, Miami and Los Angeles.

Housing affordability is key concern nationally, and nationwide a  median-income household can afford a median-priced home in only 14 of the 25 largest markets, the study found.

Mike Sante, managing editor of Interest.com, said, “Despite all the talk about how homes are more affordable than they have been in decades, buying a home is still a big challenge for many American households.”

Sante continued, “Dealing with rising expenses and stagnant wages is a struggle. Even after years of declining home prices and record-low mortgage rates, median-income households are unable to afford a median-priced home in nearly half of the metropolitan areas that we looked at.”

AJC 10:39 am October 17, 2012, by David Markiewicz

Short Sale Help

I know. I said I would NEVER do another short sale in my life after the last 15month mess. But after having a few good smooth sales close using the new systems banks have put in place, I’m hopeful and looking for the next owner to help.

So, what IS a Short Sale?  Here is a link I’ve found helpful:

Bank Of America Short Sale Program

Here is a YouTube Video (it’s made in Houston but the information is relevant for all)

If you are a home owner under water or experiencing hardships in paying your mortgage, let’s talk. There are options- and all do not include selling your home.

Copper Counter Tops?

Selling a home today is a challenge.  Selling a home with custom details is EVEN MORE a challenge.  Today people prefer to keep things simple and run with the crowd.  HGTV say’s ” Granite” is the way to go.  The crowd buys Granite and all MOST buyers look for it in a home or think how they can add it.

Picture how I felt when I received a text from a client in a fabulous home, but had a high quality laminate counter.

Client: “I’m changing my counter tops”

YES-YES-YES

Client: “I’m going with a copper. I’ve always wanted this”

NO-NO-NO

Copper Counter Tops? I must admit, I have never seen then. I have two pictures of copper in my mind. The picture of the old fashioned shiny posts and roster shaped baking pans hanging on a great grandmothers kitchen wall, and the second NOT so pleasing. The ugly pennies stuck to the bottom of the cup holder in my car. Either way- this does not feel good to me.

I did a bit of research trying to brace myself for the review of her home this week, and found THIS site to be helpful. I even like some of the finishes. But which did my client do?

Stay tuned….