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Atlanta Realtor to Blow up on the Web

October 13th, 2011

I am taking a social media class today to learn more about how it will help escalate my business to a higher level. Watch out Atlanta homes and real estate: here I come!

Priciest Homes in the US, according to Realtor.com

October 4th, 2011

 

According to Realtor.com, the median price for homes viewed on its website in August, was $214,990. Washington, D.C., topped the list with the highest median list price of homes viewed, at $459,000. Michigan had the lowest median list price of homes viewed in August, at $134,900.Georgia was 33rd on the list at $274,900.

The top 10 median places of homes, listed by the priciest, are:

  1. Washington DC   $459,000
  2. Hawaii   $450,000
  3. New Jersey  $349,500
  4. California   $339,900
  5. Massachussetts   $339,900
  6. Connecticut    $299,900
  7. Maryland  $289,900
  8. Rhode Island   $279,900
  9. New York   $275,000
  10. Virginia    $275,000

 

How to sell a House in 6 Easy Steps

August 13th, 2011

Many sellers think that agents have a secret listing strategy. However, the truth is, without a seller’s help, our strategies go out the window. Here are 6 easy steps to sell a house fast:

  1. Price it right; price it competitively.
  2. Interior and exterior condition is key. Make the repairs that your agent tells you to do; at a minimum, paint the outside trim and pressure wash the outside of the home.
  3. Stage the house. Make sure it is clutter-free and clean at all times. When you have a showing, leave the lights on.
  4. Make it easy on the agent. Allow the listing agent to put up a sign, a lockbox and please forget “Appointment Only”. If we can’t see it, we can’t sell it!
  5. Internet and pictures will sell it. When the listing agent, or his/her photographer, is coming to take pictures, make sure that the house is sparkling. If the pictures are bad, or non-existant, buyers will skip over the house.
  6. When in doubt, go back to items 1-5. If you are still in doubt, refer to #1.

Nancy4TheHouse ???

July 15th, 2011

Isn’t it time that our elected officials actually listen to the voters?

Georgia legislators heard residents at a public hearing held at Georgia Tech on June 30, preparing for the upcoming special session of the Georgia General Assembly. This session will be held to redraw the state’s legislative and congressional districts, to better reflect changes in Georgia’s population.

Many of the speakers expressed hope that “communities of interest” – areas which share common beliefs and lifestyles – would be kept in tact during the process. Sen. Fran Millar, a Republican from Dunwoody, said he would like to see the 6th Congressional District redrawn so that it takes in more of DeKalb, including areas now to its south such as Brookhaven and the Smoke Rise community (in Stone Mountain? – that’s not really to the “south” of Dunwoody, Mr. Miller). Dunwoody, is part of the 6th District, and is represented by Republican Rep. Tom Price of Roswell. Brookhaven, Ashford Park and Drew Valley are represented by Rep. Henry Johnson, a Democrat from Lithonia, in the 4th District.

The meeting was the last of 12 public hearings held around the state. On Aug. 15, The state legislature will hold a special session to redraw legislative and Congressional lines, based on the 2010 Census.

I’ve been saying for years, that I wanted to run against Rep. Johnson. Or, rather that someone, anyone, should run against him. If the citizens of Ashford Park, Drew Valley, Murphey Candler and Brookhaven don’t get better representation from Hank, maybe 2012 will be “the” year that I actually do run. Nancy for The House, or Nancy4TheHouse.com – I kind of like the sound of it!

The City of Brookhaven?

July 15th, 2011

Recently, I’ve blogged about this summer’s town hall meetings, trying to drum up interest in creating a new City of Brookhaven. What is driving me crazy, are the new “facts” that are coming out about this new city.

Apparently, the organizers need approximately $30,000 for the Vinson Institute’s study and are trying to raise $50,000 (no, I’m not sure why they need an additional $20K). What was presented in the first town hall meeting I attended, was that the Georgia legislature was paying for this study. But now, as I understand it, the organizers are asking citizens to donate money towards the study.

Does anyone think the idea of a City of Brookhaven will fly, when they don’t even have the money for a study? I don’t get it; am I the only who doesn’t?

The Creation of the City of Brookhaven

July 15th, 2011

Two weeks ago, on June 29, there was another town hall meeting, regarding the creation of the new city of Brookhaven, GA. This meeting seemed to be conducted by people who did not seem to be in favor of it. Rep. Mike Jacobs did not talk at the second meeting, although State Rep. Elena Parent and several organizers from Dunwoody and Sandy Springs spoke.

The areas being considered for a City of Brookhaven are currently in unicorporated Dekalb. These property owners pay their taxes to the county, in exchange for certain services. The organizers for a push to city-dom, it seems to me, are pushing an agenda of what is in it for them, rather than what is in it for the taxpayers.

To incorporate into a city, the city must provide a minimum of three services. These services cannot be overlapped (ie; one can’t have two police departments).  At the town hall meeting, Jim Grubiak, of the Association of County Commissioners of Georgia said, ‘is the perception the same as the reality?’. Grubiak said that what leads citizens to create a new city is:

  1. Communication (or lack of communication);
  2. Planning and Land Use;
  3. Resource allocation;
  4. Representation: are officials listening?

Are county officials listening to North Dekalb residents/taxpayers? Does the creation of a City of Brookhaven warrant the extra money and bonds that must be raised to substantiate  a new city?

What will the new city of Brookhaven bring to its residents? Some negative considerations to consider are:

  1. The probability of higher taxes *;
  2. Needed government buildings;
  3. Employees, equipment (this could be as small as copiers and as large as police cars).

Dekalb County’s police has Swat & Riot Units, a Detectives Unit, a Gang Unit, Narcotics unit, Vice Unit, two police helicopters: would these services go away with the creation of a Brookhaven police force?

Obviously, the positive considerations are:

  1. Local control, which would mean empowerment and self-control;
  2. Additional representation;
  3. Efficiency and responsiveness;
  4. The opportunity for enhanced services (two examples would be more police and upgraded parks);
  5. Better code enforcement;
  6. More local control over planning and zning decisions.

*Higher taxes? You bet there will be higher taxes! The areas being considered for a City of Brookhaven, are primarily residential, with a small portion of it, commercial businesses. Without taxes for commercial interests, where will the money come from, for government/city buildings, squad cars and equipment, employee salaries, park enhancements and on and on? Can you say higher taxes?

 

A New City of Brookhaven

July 4th, 2011

Recently, there have been two town hall meetings to discuss creating a new city in North Georgia. This new city would be the City of Brookhaven.

The first meeting was held on May 24 to introduce the concept of this new city to the area’s homeowners.  GA Representative Mike Jacobs has introduced House Bill 636 to pay for a study by The Vinson Institute of the University of Georgia.

Between now and late October, the Vinson Institute will study:

  1. The cost aspects of a City of Brookhaven;
  2. The range of services that would be provided by the City of Brookhaven;
  3. What would be the capital expenditures for the new city’s assets (parks, town hall, etc);
  4. What would be the potential sources of revenue from the new city (wine, liquor, beer; property taxes);
  5. What would be the potential revenue sources from franchises serving the City of Brookhaven (cable, gas, telephone);
  6. What would the facility and salary costs be for a new city.

The portion of the meeting that I didn’t understand, were the areas to which the study will apply. The areas being considered are: Historic Brookhaven, Murphy Candler, Brittany, Linwood Park, Silver Lake, Brookhaven Heights, Lenox Park and Brookhaven Fields. Another broader section of the study will include Ashford Park and Drew Valley. The latter two, in my opinion, are closer to being a part of a City of Brookhaven, than Murphy Candler, Silver Lake and Brittany. But then, Rep. Jacobs, one of the key proponents, lives in the Murphy Candler area.

One of the points that the organizers made, was that taxes would probably (???) not go up. The residents of Brookhaven would pay less to the county and the balance of the taxes would be made to the new city. In other words, if the City of Brookhaven opts to create its own police and fire departments, tax payers would pay that portion of taxes to the city and deduct it from their county-paid taxes. It is like a basket of services: pick which ones you want, deduct them from the county’s revenue basket and then put them into the City’s basket.

The town-hall leaders asked the city organizers of the newly-created cities of Dunwoody and Sandy Springs  to speak at the May meeting. One of them said that there has not been a tax increase in the 3 years that they have operated the city of Dunwoody and that Dunwoody is operating with a surplus of revenue. It was also said that Dekalb County’s property tax millage rate of 2.5 mils will go up to replenish the county’s reserves, perhaps as high as 4 mils. Dekalb CEO Burrell Ellis recently said that taxes must go up to pay for the county’s services (A “mil” is equal to $1.00 for every $1,000. of the assessed value; in Georgia, the assessment is set at 40% of the market value).

Like many of the town hall attendees, I am not sold on cityhood. I will have to hear what the benefits of a City of Brookhaven would be. Is it just more money out of our pockets?

Warning: Don’t Clear-Cut Trees in Buckhead!

June 4th, 2011
Atlanta's Trees

Buckhead Trees

A Buckhead man has been fined more than $52,000 by the city of Atlanta for trees destroyed on his property. He says he didn’t cut them down.

Evan Hardin, of 680 Mountain Way, said his neighbor removed the trees from his property line while building a house on land adjacent to his property. Together, the two property owners, Hardin and Jayu Momaya, were hit with a combined $93,960 in penalties from the city of Atlanta for removing trees illegally. Momaya, who owns the land at 688 Mountain Way, was charged $41,190. On April 27, the Tree Conservation Commission denied Momaya’s appeal of the fine.
The Tree Conservation Committee will hear his appeal June 15, said Kathy Evans, administrative analyst for the Tree Conservation Commission. “[Momaya] came in and overdeveloped the property,” Hardin said. “The [city] inspector is supposed to have boundaries clearly identified so the contractor can respect those boundaries. In this case, they were ignored. In this case, both the contractor and the city inspector missed that.” Hardin said the arborist fined him because the trees that were destroyed, happened to be on his property.
Said Hardin  “When they (the city) walked the property and evaluated everything, they started giving fines. Even though trespassing was clear and who did it was clear.”  Hardin said he will take legal action against Momaya and the city of Atlanta if his appeal is unsuccessful. Evans said city officials believed initially that the trees were removed from one parcel. “I think originally it was levied at a higher amount and then they realized it crossed property boundaries,” Evans said. “It was broken up into the separate owners of each property. It seemed to be one site when the arborist went out.”
The city granted Momaya a permit to remove “some ” trees on the property. “There were some trees approved for removal for construction purposes. A large number were also removed in excess,” Evans said. She also said there is a fee for cutting down trees, even if it is approved by the arborist. “There’s a recompense fee that applies to tree removal. … If they’re removed illegally, it’s $500 for the first tree and $1,000 per tree thereafter,” Evans said.
Here’s my take on it. Look at my picture of the property. Maybe the cutter got a bit crazy, but why didn’t Mr. Hardin call him or Mr. Momaya on it? I live in Ashford Park, which is in unincorporated Dekalb, and went crazy two years ago, when I saw a neighbor trimming ONE tree. Mr. Hardin has appealed his penalty of $52,770, but where was he when Momaya was cutting down the trees? When I drove by this property to take this picture, I shook my head in disbelief. What were either of them thinking?!!!

Foreclosures in Atlanta

April 20th, 2011

There’s a new bill in Congress, The Housing Recovery Act of 2011, or H.R. 1526, which is aiming at getting the backlog of foreclosures sold, by allowing buyers to use retirement funds for purchases.

The new bill aims to clear the growing foreclosured properties’ backlog by allowing buyers to dip without penalty. The bill would amend the IRS tax code, so that qualified individuals could use distributions as a down payment to purchase residences that have been in foreclosure status for one year or more.

Typically, pulling funds out of an IRA, 401k, or similar retirement accounts prematurely would call for early distribution penalties, but Florida Congressman (and real estate agent) Bill Posey is hoping the IRS will waive it for the greater good. US Rep. Posey introduced the bill in the US House last week, and it was referred to the Committee on Ways and Means.

If it is passed, it will come with a few requirements:

  1. The subject property must have been in foreclosure for one or more years;
  2. The retirement funds must be used within 120 days of the close of purchase;
  3. The foreclosed property must be held be the buyer for a minimum of two years to avoid any early distribution penalties. It will not allow investors to “flip” properties.

The bill is aimed at promoting sustainable homeownership, while giving homeowners a tax break. Let’s hope the Congress can move on this!

Atlanta Home for sale: focusing on price, condition or marketing to get it sold

April 10th, 2011

It has been said before, but what sells homes are price, condition and to a smaller extent, marketing. That’s why I was so surprised to see this.

I have a ready-to-buy-now client and wanted to show a particular home to them. The listing agent posted only 8 pictures on our mls (we have 26 slots available). The kitchen looked filthy; the sink was filled with dirty dishes and the counters were cluttered with more dirty dishes and junk. The other pictures of the home were not much better. The agent also posted this home as a short-sale.

For the area, which is inside the perimeter near Buckhead and Brookhaven, the home is priced well, but the home’s condition and the agent’s pictorial marketing are both horrendous. I don’t understand why an agent would take a listing if there isn’t going to be any effort on either party to get it sold! So who is at fault: the seller for the poor condition or the agent for allowing the home to show poorly or the agent’s bad internet pictures?