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Curbed.com names its Top 10 Atlanta Projects for 2014

Curbed.com names its Top 10 Atlanta Projects for 2014

ATLANTA -- Real estate website Curbed.com has released a list of Top 10 Atlanta Projects for 2014.

In introducing its list, curbed.com says, “Whether they're wrapping up, just starting or somewhere in between, major projects will be making mega progress all year long. Step back and think about it: Can any other city compete with a roster like this? Not just this year, but in any single year?”

Curbed.com's top 10 are:

"Driving Miss Daisy" home on the market for $1.95 million

"Driving Miss Daisy" home on the market for $1.95 million

ATLANTA -- Twenty-three years ago, this month, Atlanta was the focus of the Academy Awards when "Driving Miss Daisy" won "Best Picture.

The film was written by Pulitzer prize winning Atlanta playwright Alfred Uhry who grew up in the Druid Hills area.

The story deals with the relationship between an elderly Jewish woman and her African-American chauffeur after World War II.

And as of today, the home from the movie, which forever linked Atlanta to Hollywood is, now, up for sale and it's going to the highest bidder.

To some, the home is as defining as Jessica Tandy & Morgan Freeman and as unforgettable as Alfred Uhry's words.

It's located at 922 Lullwater Road in the Druid Hills neighborhood.

Jeff Hullinger asked, the listing agent for Coldwell Banker Doris Robinson, "How did this home get selected for the movie?"

Underwater on your mortgage?

Underwater on your mortgage?

HARP 2.0 CAN HELP!

What is HARP?  HARP is Home Affordable Refinance Program (HARP).  How does this affect you?  HARP is designed to help home owners that have been unable to get traditional refinancing due to the decrease in home value and may not have enough equity or no equity at all.  Home owners can actually be upside down on their mortgage and still be eligible.

Who is eligible?

  • The mortgage must be owned or guaranteed by Freddi mac or Fannie Mae
  • The mortgage must have been sold to Fannie Mae or Freddie mac on or before May 31, 2009.
  • The mortgage cannot have been refinanced under HARP previously
  • The current loan to value ratio needs to be greater than 80%
  • The borrower must be current on their mortgage at the time of the refinance with a good payment history in the past 12 months

As of January 9, 2012 HARP Guidelines have changed.  Prior t

City of Atlanta Joins Wells Fargo for NeighborhoodLIFT

City of Atlanta Joins Wells Fargo for NeighborhoodLIFT

Are you ready to buy a condo or a house?  Do you want to live in the City of Atlanta?  Would you like to have a minimum of $15,000 in down payment assistance?  If your answer is yes, you should make plans to register for NeighborhoodLIFT, a Wells Fargo home buyer event.  The bank will pre-qualify potential buyers with good credit and the required paper work in hand.  Visit www.neighborhoodlift.com to register and to see a list of documents to bring with you.

Atlanta Beltline, Inc. Hosts One-Day Sales Event At Lofts At Reynoldstown Crossing

Atlanta Beltline, Inc. Hosts One-Day Sales Event At Lofts At Reynoldstown Crossing

ATLANTA (December 5, 2011) – As part of its mission to create affordable workforce housing, Atlanta BeltLine, Inc. (ABI) acquired the former “Triumph Lofts” development from a receivership to provide critically-needed affordable for-sale housing in an increasingly desirable part of the city. The new highly-appointed, spacious two-bedroom, two-bath lofts will be sold in a one-day sales event featuring a drawing of qualified buyers making under $68,000 - the Atlanta area median income - on Saturday, December 10.

Real Estate has a Long Road to Recovery

 

The next years of real estate are not going to be positive for homeowners. In fact, it’s estimated that in 2012 over 60% of all home sales will be foreclosures or short sales. This means that the banks will control the pricing of more than half the real estate market and we can expect continued declining values. This idea may not sit well with many after the mortgage meltdown and moral hazard issues we had over the past five years.

Further, we at Sellect Realty believe that it will be another five to seven years before we see home values near their previous peaks and then we expect a plateau for several years to follow before growth. Currently our market is still declining. Despite month-over-month gains we have had another drastic decline in home values over the past 12 months. According to the recent statistics released by Realtor.com the average listing price decreased by 11.42% from June 2010 to $250,933.  

Things to Avoid When Holding an Open House

This weekend was national open house weekend. I had the opportunity to see an open house go wrong in a million dollar neighborhood, so I'm going to share some pointers to help your open house go smoothly.

1. Ensure that there are no malfunctions with the home. A defective air conditioner ruins the experience for everyone including the agent. You do not want the agent to be in a bad mood!

2. Have an agent who will not push prizes, giveaways, or follow prospective buyers as they look at the house. The idea is to make everyone comfortable and the way to do that is by making all information readilly available and be available to answer questions.

3. Have drinks and/or snacks on hand, especially on a hot afternoon. At a minimum, bottles icewater and soda is a must.