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Grinch photo ops in Dunwoody’s North Pole Nov. 23rd
Categories: Atlanta Attractions, Atlanta Real Estate News, Dunwoody, KELLER WILLIAMS Realty, Light Up Dunwoody
Light Up Dunwoody, an annual holiday tradition held at the 
Dunwoody Farmhouse, is scheduled for Sunday, November 23 from 4 - 7 pm. The Grinch will be making a special guest appearance at the Keller Williams Realty booth! The Grinch is feeling generous this season and will be giving free photo ops for you and your family!
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Light Up Dunwoody
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Sunday, November 23
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4 - 7 pm
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Chamblee Dunwoody and Mt. Vernon Road
This Dunwoody event is organized by The Dunwoody Home Owners Association and will be featuring a parade, a North Pole Playground at the Shops of Dunwoody and Burger King parking lots as well as live entertainment by: Chesnut Singers, Vanderlyn Singers & Dancers, Kingsley Singers, Peachtree Charter Majorettes & Color Guard, Dunwoody High School Marching Band, DHS Steppin Wilcats and Stage Door Players!
Mark your calendars! And I’ll see you behind the lens (I will be one of the photographers at the Keller Williams Atlanta Perimeter Realty booth snapping your photo with the Grinch!)
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Atlanta Real Estate Investment Seminar Nov. 12
Categories: Atlanta Real Estate News, How to..., Investments
You are invited to an…INVESTOR SEMINAR to be held on Wednesday, November 12th, 2008 in Dunwoody at the Keller Williams Atlanta Perimeter Realty office located at 115 Perimeter Center Place, Atlanta, GA 30346 - The South Terrace Building - at 6:30 pm! This is a free seminar.
The Millionaire Real Estate Investor is your handbook to the tried and true financial wealth building vehicle that rewards patience and perseverance and is available to all -real estate.
You’ll learn:
- Myths about money and investing that hold people back and how to develop the mindset of a millionaire investor…
- How to develop sound criteria for identifying great real estate investment opportunities
- How to zero in on the key terms of any transaction and achieve the best possible deals
- How to develop the “dream team” that will help you build your millionaire investment business
- Proven models and strategies millionaire investors use to track their net worth, understand their finances, build their network, lead generate for properties and acquire them
We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful. Warren Buffett
RSVP to me at liz@thebankstongroup.com - thanks!
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Homes for Sale in Atlanta Dunwoody
Categories: Absorption Rate, Atlanta Real Estate News, Buying, Buying Your Home, Market Conditions, Recent Home Sales, Selling Your Home
Market Conditions 
Currently, as of November 7th, 2008, there are 161 homes for sale in Dunwoody, GA. They are priced between $1,275,000 and $225,000. Clearly there are many choices for buyers. Considering that 27 homes were sold last month, October 2008, in Dunwoody, it will take between 6 to 9 months for the current inventory to be depleted. However, with new listings coming to the market, representing even more competition among homes for sale, it is likely that it will take 12 to 15 months for today’s current inventory to be absorbed.
What does this mean to Sellers?
To help secure that you will be one of the homes that receives an offer, make sure your house is in top showing condition. In order to receive an offer, your house must be the best home that a buyer will see. Beyond keeping your home super clean, prepare your home so that is a memorable experience for your potential buyers…and I mean memorable as in terms that it will stand out to a buyer in a good way…
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One simple and cost effective way is to the bring the outdoors in…take advantage of the beautiful fall colors - place some small tree branch trimmings in a vase - adding this color will create a warm and inviting center piece for the table…and don’t forget to hang a wreath on the front door - this says ’welcome’ to your guests!
What does this mean to Buyers?
Likely that you’ll see more than one home on a showing tour and chances are that you may have a harder time than you expected in remembering what each home was like. Here’s one way to help: when out seeing homes, keep a clip board with the MLS print outs, and after you’ve walked through, take a quick moment to write some notes to help jog your memory for the end of the day recap. 
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And even though it is a wonderful to time to buy a home during a Buyers Market, have realistic expectations. Yes, you may be able to have your cake and it, too, but be careful about asking for the ice cream on the side. You don’t want the other party to dig their feet into the sand. Remember, for a negotiation to be successful, both parties must feel as though they’ve won.
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Election Day Real Estate Closings
Categories: Atlanta Real Estate News, Election Day
Today being Election Day, I wondered how many people would select this particular date to close on their home. It prompted me to ask our friend and attorney, Chris Pahl at Ganek Wright and Minsk…he termed today like molasses.
Most people do generally steer clear of holidays when picking a date to close on their house. Also, many try to avoid the last day of the month as well.
It makes sense that most businesses would be a little off today. Election Day is almost a holiday. Kids are off from school. And the nation is full of excitement.
For those people who did close on their new home today, it will be an easy date to remember! Congratulations!
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Halloween Real Estate Humor
Categories: Atlanta Real Estate News, Real Estate Humor
Laughter is the best medicine…
| Discussion: 3 Comments »
How to Sell your House in a Buyers’ Real Estate Market
Categories: Atlanta Real Estate News, Market Conditions, Selling Your Home, Why Buyers Buy
Here’s what it takes to sell your house…
Adjust your mindset:
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Realize that you are no longer in a Sellers Market and you must adapt in order to get your home sold.
It wasn’t too long ago that having the best home on the block meant that you would get the best price on the block, too. Not so in today’s Atlanta real estate market. Having the best condition and location are still very important, however, no longer do they equate to getting the best sales price.
Understand the Buyers’ Psyche:
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Buyers want the same for less, or, they want more for the same.
Plain and simple, Buyers have many homes to chose from in today’s market and yours must stand out amongst the competition. How do you stand out? By giving the same for less, or by giving more for the same. Take a critical and honest look at your home’s condition and location, then price accordingly.
In a Sellers’ Market, Buyers tend to be emotional about a house.
Conversely, in a Buyers’ Market, Buyers seem to be logical about a house.
What makes a person decide to buy a home? The number one reason is that they are afraid they’ll lose it. It will be gone. Sound crazy to you? Take a look at my argument and you’ll see that it works for both a Sellers Market and a Buyers Market…
In a Sellers’ Market, not much inventory exists and it is common to have multiple offers on the same property. When a Buyer finds a property that meets their needs and desires, they will do what it takes not to lose it. Emotion drives the Buyer and even if it means a bidding war, and, perhaps over paying, they’ll do it so as not to lose the house.
In a Buyers’ Market, a lot of inventory exists. A Buyer will typically see 3 or 4 times more the the amount of homes they do as in a Sellers Market. A Buyers’ Market Buyer, otherwise known as a Seymour as in see-more, is driven by logic - he wants to see everything, know everything, research everything. He will know the market like the back of his hand. He is waiting for the right house. He is reluctant to buy until he finds the one and the only way to ’capture’ a Buyers’ Market Buyer is to give him what he is looking for… the same for less, or, more for the same …making him feel that your home is such a great deal that he’ll likely lose your house to another buyer. That it will be gone. That scares him. Logic says this a great home at a great price. Emotion kicks in and will tell him he must make an offer so as to not lose your home.
Even in a Buyers’ Market, fear of loss is the still the number one reason why people buy. Make your home that compelling case where both emotion and logic win.
| Discussion: 2 Comments »
Atlanta Real Estate Market Absorption 12 - 16 months
Categories: Absorption Rate, Atlanta Real Estate News, Buying, Market Conditions, Selling Your Home
The Atlanta Real Estate Market has historically been a SELLERS’ Market. It could be said it’s been a strong SELLERS Market for about the last 10 years, that is up until the shift. It’s been a shock to many Atlantan home owners who are selling in a BUYERS’ Market. How did this happen? The answer, in two words or less…market absorption.
Market absorption measures the number of properties currently on the market and the average market demand…how long will it take to deplete the inventory of those properties. The absorption rate is a simple equation that holds volumes of information for both Sellers and Buyers.
To learn the Absorption Rate…
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Determine the rate at which properties are selling: Properties Sold in Previous Year / 12 months = Monthly Absorption Rate
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Take a snapshot of current inventory based on that rate: Properties Currently For Sale / Monthly Absorption Rate = Months a Typical Property Will Take to Sell
How is the Real Estate Market defined?
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SELLERS Market ‹ 5 months of inventory
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Transitional Market ≤ 7 months of inventory
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BUYERS Market › 7 months of inventory
Currently, metro Atlanta has between 12 and 16 months of inventory. We have more supply than demand and that makes us officially in a Buyers Market.
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The newest Flying Biscuit Cafe opens in Norcross!
Categories: Atlanta Real Estate News, Norcross Restaurants
It seems we owe a big congratulations to Joe Cannon, a commercial real estate agent in our Keller Williams Atlanta Perimeter office…Joe is the proud part owner of the newest Flying Biscuit Cafe in Norcross!
The address is 5270 Peachtree Parkway, Norcross , GA 30092 and is located just across the street from The Forum. The phone number is 770.407.5885. Hours of operation are 6am to 9pm with breakfast being served all day.
Also, The Flying Biscuit is available for all your catering needs, including: parties, team meetings, open houses, and caravans!
Congratulations, Joe! We can’t wait to come by and enjoy the great food!
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Recent Home Sales in Dunwoody, GA 30338
Categories: Atlanta Real Estate News, Dunwoody, Market Conditions
20 homes sold in Dunwoody (zip code 30338) during the month of September 2008.
They ranged in price from $1,275,000 on Hidden Branches Drive to $229,391 on N Peachtree Road. The average sales price - or price point at which homes are selling, is about $366,000. (Just as an appraiser will typically throw out the highest and lowest priced home sale, or doesn’t count in their price analysis, I did the same by not counting the highest or lowest sale to find the average).
The subdivision with the most sales was Withmere totaling 3. Woodsong and Dunwoody North tied for second place each with 2 home sales.
Comparing year over year, month over month, September 2007, 18 homes sold in Dunwoody (zip code 30338).
They ranged in price from $925,349 on Mill Trace Drive to $295,000 on Stonington Road. The average price of the homes sold was $509,00 (using the same method as described to find the average of homes sold in 2008).
The subdivision with the most homes sold in September 2007 was Dunwoody Club Forest with 4. The second place taken by Oxford Chase with 2. There was no clear 3rd spot.
What can we take from this? The good news is we had more homes that sold in September 2008 than we did in September 2007 - up about 9%.
Where shall we keep a closer watch? Even though we topped September 2008 with a millionaire dollar sale whereas September 2007 high was just below a million, we also lost some grounding on the average sales price in Dunwoody - dropping from 599k to 366k - something to keep an eye on …
I will continue to follow the statistics of the market for our clients. If you’d like a more in-depth analysis, please call or write me - especially if you are considering selling your home. Now more than ever, accurate pricing could mean the difference of having your home on the market vs getting your from the market to the closing table.
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General Election & the proposed Constitutional Amendments relevant to Real Estate
Categories: Atlanta Real Estate News, RPAC
In just two weeks, more will be voted on than just the presidential election. There will also be 3 proposed Constitutional Amendments relevant to the Real Estate Community up for a vote. They are as follows:
- Amendment 1: To encourage the preservation of Georgia’s forests through a conservation use property tax reduction program.
- Amendment 2: To authorize local school districts to use tax funds for community redevelopment purposes.
- Amendment 3: To authorize the creation of special infrastructure development districts providing infrastructure to undeserved areas.
Our Realtor Political Action Committee (RPAC) is supporting a “YES” vote on the 1st, 2nd and 3rd proposed Constitutional amendments.
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