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Atlanta Real Estate Prices │ Median Home Price in Atlanta Drops 14.5% in 3rd Quarter

11-10-09
Jim Crawford ~ Atlanta Real Estate-ABR E-PRO
Jim Crawford ~ Atlanta Real Estate-ABR E-PRO: Real Estate Agent in Atlanta, GA
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  • Office: (770) 238-0122
  • Mobile: (770) 664-9516
  • Secondary: (888) 992-5546

According to the National Association of Realtors (NAR) that released statistics on state-by-state existing-home sales and metropolitan area median home prices each quarter. The Atlanta Metro area, Sandy Springs and Marietta dropped 14.5% in the 3rd quarter this year for single family detached homes. The median price of a single-family home in the Atlanta metro area was $129,400 in the third quarter, compared with $151,300 in the third quarter of 2008. The median Atlanta home price in the metro area was $171,000 for 2006.

Other cities and metropolitan areas reports can be found here:

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Cheap and Easy Tips to Showcase Your Kitchen

11-10-09
Kathy Nielsen Atlanta Georgia Home Stager
Kathy Nielsen Atlanta Georgia Home Stager: Home Stager in Marietta, GA
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  • Office: (678) 522-8392
  • Secondary: (770) 421-1281

Cheap and Easy Tips To Showcase Your Kitchen - Brought to you by your friendly Atlanta Home Stager!


How important is the kitchen when selling your home? Ask any buyer and you're bound to hear that the kitchen is one of the most important rooms. Why? Buyers know that they will be spending a considerable amount of time in the kitchen; whether it's cooking the meals or entertaining, the kitchen will no doubt get a lot of activity.

The good news is that there are some very affordable to no-cost solutions that any seller can implement.


mixer

Tip #1: If you don't use it, lose it. Counter top space is important to a buyer. As a result, you want to create as much 'visual real estate' as possible. An easy solution is to remove those items that are NOT used on a daily basis. Mixers are a great example.

Tip #2: Add some light.

guy with lamp shade on his head

Well sure, you could add a lamp shade to your head but... not quite sure how effective that will be. Instead, try placing a small lamp to your counter top as it will help warm up the space.

Cleaning supplies Tip #3: Clean. And then clean some more.

It's simply amazing how a little cleaning can go such a long way. Not only will the kitchen shine

it will smell clean as well. Yup, another simple tasks that anyone can implement.

P.S. Those are scouring pads and not pieces of coal. Just sayin (smile).

Tip #4: Organize your cupboards. Trust me, buyers will be opening your cupboards and with reason. A neat and organized cabinet will allow the prospective buyers to see how much space they'll have.

Tip #5: Give your cabinets an instant facelift with new knobs and drawer pulls. You're going to be amazed at how big a transformation this will have on your kitchen. Now... do yourself a favor and shop around for the best price. Check the internet, flyers, etc... to find any sales.

If you missed my previous post on How to Showcase Your Bathroom for Less than $100.00 just click on that link and you'll be taken directly there.

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Mid-Century Furniture: Classic Past = Hip Future!

11-10-09
Vanessa Reilly
Vanessa Reilly : Real Estate Agent in Atlanta, GA
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  • Office: (404) 556-1733
  • Mobile: (404) 556-1733

Mid-Century Modern isn't so "Mid-Century" anymore. More and more Atlanta hipsters are realizing just how cool the furniture designs of Eames, Wegner, Platner and Saarinen are! There is a buzz in the Midtown-West Design district with some recognizable stores moving in such as KNOLL. Atlanta is finally getting some recognition and breaking through it's cliché of being a traditional Southern city.

Mid-Century design buffs can find fabulous new renditions of classic designs through stores such as Design within Reach, Knoll, Room and Board. But for those looking for some original pieces there are a handful of antique shops and dealers scattered through the city. Some of my favorites include: City Issue Atlanta, Kudzu antiques and Atlanta Antique Gallery

Have fun shopping and remember you are still aloud to negotiate price : )

Original Eams Lounge Chair for sale at Cityissue.com
Original Eames Lounge Chair for sale at Cityissue.com
Retro Green Drum Light for sale at Kudzu antiques.
Retro Green Drum Light for sale at Kudzu antiques.
Polished steel frame with new upholstery. For Sale at www.cityissue.com
Polished steel frame with new upholstery. For Sale at www.cityissue.com

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First Time Home Buyer Tax Credit Extended to April 2010. Now Includes Move-Up Buyers Too!

11-10-09
Sally English, www.ENGLISHTEAM.com; GRI CRS
Sally English, www.ENGLISHTEAM.com; GRI CRS: Real Estate Agent in Atlanta, GA
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  • Office: (770) 939-3174
  • Mobile: (770) 939-3174
  • Secondary: (404) 325-5900

The National Association fo Realtors just published an analysis of the November 2009 legislation Congress passed to extend and enlarge the Federal Tax Credit for purchasing a home.

"As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed new legislation that:

  • Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010.
  • Expands the credit to grant up to $6,500 credit to current home owners purchasing a new or existing home between November 7, 2009 and April 30, 2010

Sally English Atlanta Georgia

Who Qualifies for the Extended Credit?

  • First-time home buyers who purchase homes between November 7, 2009 and April 30, 2010.
  • Current home owners purchasing a home between November 7, 2009 and April 30, 2010, who have used the home being sold or vacated as a principal residence for five consecutive years within the last eight.

To qualify as a "first-time home buyer" the purchaser or his/her spouse may not have owned a residence during the three years prior to the purchase.

Which Properties Are Eligible?

The Extended Home Buyer Tax Credit may be applied to primary residences, including: single-family homes, condos, townhomes, and co-ops.

How Much Is Available?

The maximum allowable credit for first-time home buyers is $8,000.

The maximum allowable credit for current homeowners is $6,500.

How is a Buyer's Credit Amount Determined?

Each home buyer's tax credit is determined by tow additional factors:

  1. The price of the home.
  2. The buyer's income.

Price

Under the Extended Home Buyer Tax Credit, credit may only be awarded on homes purchased for $800,000 or less.

Buyer Income

Under the Extended Home Buyer Tax Credit, which is effective on November 7, 2009, single buyers with incomes up to $125,000 and married couples with incomes up to $225,000-may receive the maximum tax credit.

These income limits have changed from the 2009 First-Time Home Buyer Tax Credit limits. If you or your client purchased a home between January 1, 2009 and November 6, 2009, please see 2009 First-Time Home Buyer Tax Credit.

If the Buyer(s)' Income Exceeds These Limits, Can He/She Still Get a Credit?

Yes, some buyers may still be eligible for the credit.

The credit decreases for buyers who earn between $125,000 and $145,000 for single buyers and between $225,000 and $245,000 for home buyers filing jointly. The amount of the tax credit decreases as his/her income approaches the maximum limit. Home buyers earning more than the maximum qualifying income-over $145,000 for singles and over $245,000 for couples are not eligible for the credit.

Can a Buyer Still Qualify If He/She Closes After April 30, 2010?

Under the Extended Home Buyer Tax Credit, as long as a written binding contract to purchase is in effect on April 30, 2010, the purchaser will have until July 1, 2010 to close.

Will the Tax Credit Need to Be Repaid?

No. The buyer does not need to repay the tax credit, if he/she occupies the home for three years or more. However, if the property is sold during this three-year period, the full amount credit will be recouped on the sale"

For more information see the National Association of Realtors website or call Sally English at 770-939-3174.

If you have specific questions or need additional information, please contact a tax professional or the Internal Revenue Service at 800-829-1040.

Call or email Sally English for advice about buying or selling a home in Atlanta Georgia.

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Conrad Lyles Realtors Congratulates Intown Builders Group on Award

11-09-09
Greg Lyles
Greg Lyles: Real Estate Brokerage in Atlanta, GA
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  • Office: (404) 841-9634
  • Mobile: (404) 376-6873

Conrad Lyles Realtors President, Greg Lyles, congratulates long-time client Intown Builders Group on its latest success. The Greater Atlanta Home Builders Association announced that Intown Builders Group, Inc. was presented the Gold award for the best single family detached home among all builders in the $2.5 million - $5.0 million category.

The 29th annual OBIE awards were announced Saturday night during the gala ceremony held at the Cobb Galleria Center. "This is a great honor to be recognized among the best builders and develoers in Atlanta. By receiving this top award, this is a reflection of the passion and commitment to excellence in all of the homes that we build," said Tony Reaves of Intown Builders Group, Inc.

To view Intown Builders Group latest project, an English Country home located at 1750 Garraux Road in Buckhead, click here.

Conrad Lyles Realtors represents buyers and sellers of fine residential and sporting properties in Atlanta and throughout the South.

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