Ok, so my financial advisor once told me "YOU CAN'T CALL BOTTOMS, YOU CAN'T CALL TOPS!!" Guess what I'm going to call it - I think here in North Metro Atlanta we are scraping along the bottom. How do I know this? well I've been following some numbers very closely from local data bases and this is what I've determined**
Since September 2008 North Metro Atlanta hasn't seen that significant a dip in List Price vs. Sales Price. That's because the houses that are selling are priced to sell. These numbers are based on actual listed and sold homes. (when referencing North Metro Atlanta I am speaking of the area above I-20 and and inside of I-285)
The average DISCOUNT is only 10.85% this is taking into consideration FORECLOSURES (Click HERE for all Atlanta Foreclosures) in some more desirable neighborhoods of Buckhead homes are actually bringing FULL PRICE!! Hard to swallow especailly when we are bombarded with the negative media on a daily basis. Here is major contributing factor: Sellers who don't need to sell aren't selling. They are waiting for the market to come back and Sellers who need to sell are typically listening to their Realtor's advice and pricing their homes aggressively then selling close to full asking price!!
But wait there is more good news: Forbes.com recently published an article "Where Home Prices Are Likely to Rise" and Metro Atlanta was in the TOP 10 cities that will see a comeback in 2009. In fact we will be looking forward to a 27.9% housing start increase for 2009 one factor is that unlike other metropolitan cities Atlanta is averaging a 2% job growth rate, not to mention the cost of living is extremely affordable!!
Winston Churchill said it best "Be afraid when others are greedy, and greedy when others are afraid!" NOW is the time to buy, because once prices start going up the bottom will already be gone!
Vanessa Reilly
**please note: not all info is warranted just gathered and assessed. I'm not an economist, just a Realtor This is my opinion drawn on personal experience from what I see and research in the field.
Atlanta is notorious for it's traffic and recently I have noticed an influx of empty nesters and commuters moving back inside the perimeter (I-285)... But where can you find a nice spacious home in the city that is close to shopping, restaurants has tons of charm and is priced under $400k?? --- ASHFORD PARK!!
Ashford Park is located northeast of the Atlanta city limits in DeKalb County (lower property taxes than the city). It is the ideal location for a young family or even a first time buyer. The homes, are still affordable many of which have been renovated, updated and added on to.
HOMES IN ASHFORD PARK -- $400k or less!!!
For more info on Ashford Park or on a particular home in the link above feel free to call me
Vanessa Reilly
404.556.1733
Happy Home Hunting!!
REAL ESTATE BY DESIGN
Buying or Selling a home can be an emotional journey. There are many unknowns in this shifting market. If you have any questions that you need honest, straight to the point answers just shoot me an email or give me a buzz. If I don't get back to you in 24 hours your next Starbucks is on me!
If you are overwhelmed by the amount of search engines out there and are looking for something clean, simple with no spam, annoying pop-ups or pushy sales people check out DomoRealty.com . It's totally FREE and there is no need to sign up for anything. Just instant access to all the ACTIVE Local Metro Atlanta Foreclosure listings. It's updated every 24 hours.
If you are not familiar with Atlanta and would like to search the city using an interactive MAP CLICK HERE. again no pop-ups annoying spam or pushy sales people. Just lots of FREE info with pretty pictures and info!!
"We make a living by what we do, but we make a life by what we give" - W. Churchill
Here in the ATL (one of the fastest growing cities) the V.Reilly Team likes to conduct business with 4 main components in mind: Creativity, Caring, Compassion and Honesty. We believe that Real Estate buying and selling should be simple, fun and exciting! We know the ins and outs of the Atlanta In-town market because that's what we are most passionate about.
www.vanessareilly.com was created to simplify your search. If you can't find exactly what you are looking for just call or emial and we will send you a customized list of homes that meet your needs.
Your experience will be spectacular! From the beginning to the end, all questions will be answered quickly and negotiations will be dealt with honestly. Our clients aren't just customers they turn into our friends.
Success isn't just a maybe, it's a MUST!
Vanessa Reilly
We don't sleep until the job is done!!
The best thing about selling Real Estate in this charming, southern city is the abundance of architectural styles to choose from! Each home has it's own story to tell from the Bungalows in Candler Park to the Mid-Century Modern in Northcrest. There are so many different neighborhoods it's hard to know where to start. Check out this interactive ATLANTA MAP that has links to different parts of the city and all the available listings for sale!! Don't let it be overwhelming this can be super fun. Atlanta has so much to offer and the best part is: IT'S AFFORDABLE. Yeeah!!!
You will need 2 easy tools to get started: a blank piece of paper and a pen. Now right down exactly what you are looking for in your new home. How many bedrooms? How many Bathrooms? Do you need a big backyard. Would you prefer a home that is walking distance to cute restaurants and boutiques? Vaulted ceilings? Brick? Fireplaces? Get clear. Get excited and call me!!! 404.556.1733
My goal is to make sure you are 100% satisfied with the house you decide to call home. Let's get started.
Do you prefer contemporary style..... or traditional???
Do you prefer Mid-Century Modern..... or Southern Charm???
"My house was listed with a friend/agent for over 8 months. We had seen little activity and no offers. The two mortgages were really hurting us and I know I had to figure out a plan B. I had noticed a dozen or so of Vanessa Reilly's signs go up and then go under contract with a short amount of time so I contacted her about selling my house. She made te process seamless and completely pain-free. From the day I gave her the key and signed the paperwork I think my house was under contract in 14 days total. It was unbelievable. But the best part is we sold it for more than our original agent had it listed for. Vanessa knows how to market and more importantly SELL your home. Even in this tough market. Take it form me, don't waste anymore time hiring the wrong agents... if I had listed with Vanessa originally I would have saved 8 months of mortgage payments.
-Gene Ramsey
"I have always thought that buying a house is a lengthy and painstaking process. Vanessa was key in removing that stigma by maximizing our time with the following steps: First, by researching houses that fit our criteria; Next, providing us with as much information as possible so that we were able to narrow our list of houses to actually go see in person; Finally, Vanessa allowed us to set the pace, being very efficient and quick when needed, and allowing us to take more time when we needed to think things through. Vanessa is a pleasure to work with and I personally recommend her to anyone who likes an agent who keeps in constant contact, will work hard for you and who removes the unnecessary pain out of purchasing real estate. "
-Charleston Horner
"We found Vanessa inadvertently while looking for a loft on the internet, but we're glad for the chance encounter. In just a few short weeks, she helped us to find the great Chamblee loft which we now call home. She was always willing to be flexible with our work schedules and remained supportive during the closing process, putting up with plenty of late-night, harried phone calls. Perhaps her biggest asset is that she is not a high-pressure salesperson; instead, she seems genuinely concerned with helping her clients find a match for their needs. I would recommend her services to any of my friends--and I already have!"
-Darcy & Scott O'Brian
"We called Vanessa because her signs were everywhere in our neighborhood. We chose Vanessa because she was honest, aggressive and attentive. After working with her team of professionals our house sold in ONE DAY (well maybe 3 days, but it sold to the first person who looked at it). All the people she recommended to help with preparing our property did a tremendous job. Both she and her stager, Ken Hedrick, are so talented and knowledgeable that i will continue to turn to them myself and highly recommend them to others. Thanks for helping me move forward with my life!"
-Becky Valagohar
"I really enjoyed working with Vanessa in purchasing my first home. She was very helpful and answered all my questions/concerns (no matter how crazy they were). Vanessa has a way of truly making people feel comfortable and I never felt pressured in any way whatsoever. On top of being a 'cool' realtor, she is a 'cool' neighbor to have, too".
- Donnie Pirozzi
I would like to take a moment to thank Vanessa for making our home buying experience in Atlanta an enjoyable and easy event. After listening to our needs, and asking all the right questions, she found us our new home in literally one day. Vanessa's attention to detail resulted in finding the perfect domicile for our needs, budget and location preferences. All in all everything was taken care of and we closed within 30 days. Another factor that could have thrown a wrench into the mix was that my husband and I live on the West Coast part time. However, Vanessa made sure that all the details were attended to in our absence and found ways to work things out efficiently for us even though we were not tight around the corner. Vanessa was available every step of the way. We've been impressed with Vanessa's availability at all times and her suggestions and industry savvy tips have all come in quite handy throughout this process. Vanessa is a seasoned real estate professional who I'd recommend to every friend and family member She is an agent that will work hard to find you the best fit for your real estate needs. We had a great time working with her on our new home purchase and I want to express my gratitude for her diligence and professionalism! A fantastic agent and all around great person, I will refer new clients to her many times over because I know she will always meet and exceed their expectations. Thanks Vanessa.
- Kristina & Jeff Wenniger
Jeff and Kristina Wenniger Becky Valagohar
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