Foreclosure

Foreclosures Vs. Relocations, Vs. Shorts Sales and Approved Short Sales

As I meet with Buyers, especially new home Buyers I tend to relay this message over and over so I thought I would just blog it on here today.     In this post, I am going to walk through the four kinds of “distressed sales”. 1.) Foreclosures Foreclosures are historically one of my favorite kinds of Real Estate to help my Buyers purchase, and to purchase for my own portfolio.    With a foreclosure, historically the price has often been below market and depending on how long the property has been on the market, considerable concessions could be had.   Recently, one of my clients...

State of the Union- May 2013 Market continues to be the strongest since 2006! Everyone is moving ALL IN!

  OK, so May 2013.   I am just returning from a nice trip down to the Mexican Riviera.   Ha, yes there is such a thing.   Think something other than the wild Cancun and its mix girls gone wild 20 somethings and families from Alabama.    Rather about 50-100 miles down the Yucatan coastline are nice quieter beaches with blue water and white sand.  Resort inhabitants in this area tend to be Canadians (polite and talkative even if a bit boring), Europeans (wide range there no simple stereotype), as well as affluent Mexican and Latin Americans.        Great relaxation and my current...

State of the Union- Market Update Q1 2013 – Up, Up, Up and Off to the races!

So where shall I begin.     The Atlanta Real Estate market is now for sure up, up, up and away.     A little less than 4 years ago I left a solid track record of corporate jobs and decided to dive into Real Estate as both an Investor and an Agent full time.   The move was somewhat risky at the time, but would prove to be both exciting and at very least something new.    Fast forward to 2013 and last year I was the top producing Agent out of a firm of over 100.    My knowledge, expertise and care with regard to my client’s needs has helped me attain my role as one of the top...

Do you know the 12 questions to ask a HOA when Buying into a Condo or Loft?

So lets say that you have found yourself compelled to purchase a condo.   A new unit or a resale, either way it is important to understand the Condo Association that you are buying into. As a landlord and highrise condo owner myself, I deal with wide swath of HOA issues ranging from better properties which work to build reserves and lower energy costs in common areas, all the way down to more down downtrodden properties where communal central water bills can create large issues including extra assessments. For my clients I offer twelve telling questions which should always be asked of the HOA...

Viewpoint

This building, which opened in 2008, is now sold out. It was the best selling building in Midtown. I purchased my unit in January 2009 and am VERY happy with my 25th floor unit. The value is definitely there in terms of views, quality of people, amenities package, and the quality of construction for the price. It is my opinion that Viewpoint and 1010 will be buildings that people will be talking about well into the future. The sky was falling when I contracted to purchase my unit in December 2008. So why did I purchase? Because I knew that this building, being one of the tallest, newest, and nicest...

Ovation

This is a great building on Peachtree.     Like The Eclipse it is next to the “Buckhead Atlanta” or formerly the ”Steets Of Buckhead” large retail development.   Similar to Eclipse it came to market at the peak of the market and has since come down in price considerably.      Guest parking is a tad difficult in this building, and the amenities tend to be on the 1st floor which is not as optimal as the other buildings with the amenities on higher floors. Units in this building tend to be around $120-180k for a 1 bedrooms and $240-300k for a 2 bedroom.     There...

Spire

This building, completed in late 2005, is a precursor to Viewpoint. I liken it to the stepbrother of Viewpoint. As for the amenities, the gym and pool are lacking compared to Viewpoint.    The pool is on a lower floor, and has a tall gate around it.    The gym has everything you need in terms of cardio and weight training equipment, but it loses points for being compartmentalized as opposed to an open space like Viewpoint, 1010, or Metropolis.    The clubroom (though a tad smaller), theater, and views are just as nice as Viewpoint though.   The good news is that this building is still...