Zac Pasmanick - The Zac Team

Blog

Displaying blog entries 1-10 of 12

Atlanta Housing & Real Estate Market Statistics for February 2009

by the zac team @ RE/MAX Greater Atlanta

Get your Atlanta housing market statistics! Direct from the First Multiple Listing Service, these numbers are published by Smart Numbers with extensive research and statistics on the Atlanta market. Here, we break down the most significant real estate numbers and put it into a quick reference format to share with our sellers and fellow agents. The compilation shows February 2009 market statistics versus February 2008 numbers. Enjoy and please feel free to give us a call if you have any questions! Our office # is 404.564.7200.

Units Closed:                     2009        2008
Single Family                    2,411         3,686
Condos/Townhomes            345           695
Total                                 2,756         4,381
 
(37% decline)
                

New Listings:                     2009        2008
Single Family                     9,114       12,662
Condos/Townhomes            1,821        2,390
Total                                 10,935      15,052
(27% decline)

Withdrawn:                          2009        2008
Single Family                        1,558       2,397
Condos/Townhomes                257          390
Total                                   1,815         2,787
(35% decline)

Expired:                                2009        2008
Single Family                        4,360         5,003
Condos/Townhomes                 896          948
Total                                     5,256         5,951
(12% decline)

Current Inventory:                 2009         2008
Single Family                         45,032      54,887
Condos/Townhomes                 9,721       11,134
Total                                      54,753       66,011
(17% decline)

Inventory:                              2009                 2008
Single Family                        12.8 months       15.7 months
Condos/Townhomes               17.65 months     20.5 months

Sales Price to List Price:        2009          2008
Single Family                               93.6%       95.2%
Condos/Townhomes                      94.5%       95.7%

Average Days on Market:       2008        2007
Single Family                          135.6        137.3
Condos/Townhomes                
134.4       146.6

Click here for the December 2008 report!
Click here for the November 2008 report!
Click here
for the October 2008 report!
Click here for the September 2008 report!
Click here for the August 2008 report!
Click here for the July 2008 report!

Want more stats?
We can email you monthly reports on current listings and the last six months of sales for the following areas. Just click below for the neighborhood or condo building that you're interested in!

Click here for Atlanta
’s fabulous intown neighborhoods!
(including Morningside, Virginia Highland, Candler Park, and Lake Claire real estate)
Click here for Atlanta
’s Midtown condo scene!
(including 12 Atlantic Station, Plaza Midtown, Metropolis, Spire, Mayfair, and 905 Juniper mid-rise and high rise condos)

If you're thinking of selling your home, we have tips on selling your home for the most money, too Just check out our guide, “How to Sell Your Home for Top Dollar Fast” which we will send to you automatically when you sign up for your home prices report.

You can also view our listing Plan of Action and Marketing Plan online anytime to get a preview of how we would get your home SOLD! Just visit www.GotZac.com.

Free Report: Foreclosure Versus Short Sale: Homeowner Consequences

by the zac team @ RE/MAX Greater Atlanta

Many Atlanta and Decatur homeowners don’t realize that a successful short sale is a feasible way to avoid foreclosure. Did you know that your current employment could be at stake if your home goes into foreclosure? Employers have the right and are actively checking the credit regularly of all employees who are in sensitive positions. A foreclosure in many cases is ground for immediate reassignment or termination. However, a short sale is not reported on a credit report and is therefore not a challenge to employment.

 

For your FREE REPORT with a side-by-side comparison chart of short sales versus foreclosure with this information and more, please visit the zac team online at www.SavingFamiliesFromForeclosure.com. You can also request more information and a confidential consultation from our Certified Distressed Property Experts at www.SavingFamiliesFromForeclosure.com or call Zac directly at 404.564.7272.

 

We also invite any of our neighbors who are worried about foreclosure to join us on the first and third Saturday of every month for our “Foreclosure Prevention Initiative: A Community Workshop.” This is a joint effort by the zac team and other local organizations to help our Atlanta and Decatur homeowners avoid foreclosure. We will provide a presentation and a workbook with valuable materials. The workshop begins at 10 a.m. in our office near Virginia Highland. Please RSVP to Jenny by emailing jenny@zac.biz or calling 404.564.7250!

Free Report: The 7 Most Common Short Sale Pitfalls

by the zac team @ RE/MAX Greater Atlanta

A short sale on your home can be a viable option to avoiding the heartache of foreclosure. You want to ensure that you and your family avoid seven common traps that agents and homeowners fall into during this process!

The most common pitfall is pricing a property incorrectly, resulting in more expired and unsold properties. So how do you solve this issue?

For your FREE REPORT with the solution to this and the other six most common pitfalls, please visit the zac team online at www.SavingFamiliesFromForeclosure.com. You can also request more information and a confidential consultation from our Certified Distressed Property Experts at www.SavingFamiliesFromForeclosure.com or call Zac directly at 404.564.7272.

We also invite any of our neighbors who are worried about foreclosure to join us on the first and third Saturday of every month for our “Foreclosure Prevention Initiative: A Community Workshop.” This is a joint effort by the zac team and other local organizations to help our Atlanta and Decatur homeowners avoid foreclosure. We will provide a presentation and a workbook with valuable materials. The workshop begins at 10 a.m. in our office near Virginia Highland. Please RSVP to Jenny by emailing jenny@zac.biz or calling 404.564.7250!

You don’t have to go another day living with the stress and fear of foreclosure! There are options such as a short sale, which can help you sell your home without the damaging and lasting effects of foreclosure!

 

A short sale can be an excellent solution for a homeowner who owes more on their home than what it is worth and has to sell. Unfortunately a number of myths about short sales have developed and it is important you understand the reality of this process if this is a solution that you feel meets your current needs.

Some of these myths are:

You must be behind on your mortgage in order to negotiate a short sale

Listing my home as a short sale is an embarrassment

There is not enough time to negotiate a short sale before my foreclosure

Find out the truth behind these and four other common short sale myths with your FREE REPORT from the zac team. Just visit us online at www.SavingFamiliesFromForeclosure.com to request your copy. You can also request more information and a confidential consultation from our Certified Distressed Property Experts at www.SavingFamiliesFromForeclosure.com or call Zac directly at 404.564.7272.

We also invite any of our neighbors who are worried about foreclosure to join us on the first and third Saturday of every month for our “Foreclosure Prevention Initiative: A Community Workshop.” This is a joint effort by the zac team and other local organizations to help our Atlanta and Decatur homeowners avoid foreclosure. We will provide a presentation and a workbook with valuable materials. The workshop begins at 10 a.m. in our office near Virginia Highland. Please RSVP to Jenny by emailing jenny@zac.biz or calling 404.564.7250!

Free Report: Options and Solutions for Homeowners in Foreclosure

by the zac team @ RE/MAX Greater Atlanta

The current US housing market and national financial crisis has caused untold stress and heartache for many American families. Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. Don’t wait another day! The options for foreclosure are many and this FREE REPORT gives you a brief explanation of these solutions.

Did you know that you may be able to take advantage of a forbearance plan that could temporarily suspend your mortgage payments? Or a repayment plan that allows you to pay back portions of back payments over time?

Find out more about these and other foreclosure avoidance options with our FREE REPORT,Options and Solutions for Homeowners in Foreclosure.” Just visit us online at www.SavingFamiliesFromForeclosure.com to request your copy. You can also request more information and a confidential consultation from our Certified Distressed Property Experts at www.SavingFamiliesFromForeclosure.com or call Zac directly at 404.564.7272.

We also invite any of our neighbors who are worried about foreclosure to join us on the first and third Saturday of every month for our “Foreclosure Prevention Initiative: A Community Workshop.” This is a joint effort by the zac team and other local organizations to help our Atlanta and Decatur homeowners avoid foreclosure. We will provide a presentation and a workbook with valuable materials. The workshop begins at 10 a.m. in our office near Virginia Highland. Please RSVP to Jenny by emailing jenny@zac.biz or calling 404.564.7250!

Free Report: Three Must-Have Qualifications for a Short Sale Homeowner

by the zac team @ RE/MAX Greater Atlanta

While the misconceptions of what qualifies a seller for a short sale are many, the reality is actually very simple. Don’t wait for another day or another missed payment to go by! Find out if you qualify for a short sale and save your home from foreclosure!

In this FREE REPORT, we will explain the three major items that most lenders are looking for to see if you will qualify. The first thing a lender is going to look for in a short sale is that you qualify for a “financial hardship.” This is a verifiable issue that has or will cause you to miss payments or have financial difficulties. These issues can include mortgage payment adjustment, job loss, business failure, etc.

For your FREE REPORT with the definition of “financial hardship” (and to find out the other two must-have qualifications for a short sale), please visit the zac team online at www.SavingFamiliesFromForeclosure.com. You can also request more information and a confidential consultation from our Certified Distressed Property Experts at www.SavingFamiliesFromForeclosure.com or call Zac directly at 404.564.7272.

We also invite any of our neighbors who are worried about foreclosure to join us on the first and third Saturday of every month for our “Foreclosure Prevention Initiative: A Community Workshop.” This is a joint effort by the zac team and other local organizations to help our Atlanta and Decatur homeowners avoid foreclosure. We will provide a presentation and a workbook with valuable materials. The workshop begins at 10 a.m. in our office near Virginia Highland. Please RSVP to Jenny by emailing jenny@zac.biz or calling 404.564.7250!

Foreclosure Prevention Initiative: A Community Workshop

by the zac team @ RE/MAX Greater Atlanta

Worried about the possibility of foreclosure? There are options!

The zac team @ RE/MAX Greater Atlanta, American Real Estate University, foreclosure.com, and the Credit Law Group are presenting a special community foreclosure workshop this Saturday, March 21st at 10 a.m. to explain the ins-and-outs of your mortgage company, how to seek help, and ultimately, how to avoid the damage the foreclosure can cause to your family. You can read more here at www.SavingFamiliesFromForeclosure.com and sign-up online. You can also RSVP directly to Jenny by emailing jenny@zac.biz or calling 404.564.7250.

We are here to help and look forward to seeing our neighbors on Saturday for our community foreclosure workshop. If you or someone you know cannot make it to this event, we will be hosting workshops on the third Saturday of every month.

The workshop will take place in our office located at 1057 Ponce de Leon Avenue, Atlanta, 30306.

Building is back on the rise + foreclosures may not be as bad as they seem

by the zac team @ RE/MAX Greater Atlanta

Dear Neighbors,
I hope everyone enjoyed St. Patrick’s Day celebrations yesterday or this past weekend! We had green grits here at the office. Below is the weekly email that I send out to real estate agents throughout Atlanta and wanted to share it with you!

In good news, the U.S. Commerce Department reported that new construction had a gain of 22.2 percent, with most of that percentage coming from the multifamily side instead of single-family. Single-family housing permits were up in February, "suggesting a glimmer of hope for the prime home buying season," said the National Association of Home Builders’ Chairman Joe Robson. Read more here...

Foreclosure numbers may not be as high as they seem. A recent study from Realty Trac and USA Today has found that the record foreclosures have been concentrated in a relatively small area and that in parts of the country, foreclosures are declining. Read the full story here...

Auctions picking up in Atlanta. Over 200 foreclosed properties are set to be sold off in a three-day auction starting this Friday. In addition, the Horizon condo tower in northwest Atlanta will put up 40 units that have not yet sold (but are not yet in foreclosure). For more in the article from the AJC, click here.

We are searching for two additional agents who, if given an abundant amount of leads, can close an additional transactions each month. If that’s you, then I have those leads. Seats in our office are filling up, so please call me directly at 404.564.7272.

Lending to thaw for entrepreneurs. In an effort to funnel credit into the accounts of small business holders, the Treasury Department will purchase $15 billion in Small Business Administration loans. Click here for more...

About those bonuses... President Obama is promising to do what he can to block and recoup the losses due to AIG’s $165 million in bonus payouts this past year. Click here...

Do you have friends who are interested in entering the real estate business? We have a link on our careers page to real estate licensing, appraisal, and home inspection schools!

Automate your price reductions. Click here for a quick tip on the benefits of having clients sign automatic price reductions when they sign the original listing agreement.

The condo rental dilemma. I stepped off of the elevator into the hallway of one of our condos listings last week to find a flyer posted, "We have reached our 25% maximum capacity for rental units." Many condo owners are facing these same signs all over town and unable to rent their condos. The debate rages as to what should be allowed. Read more here...

Best wishes for a successful week!
Zac

404.564.7272 | zac@zac.biz | www.zac.biz | http://blog.zac.biz

Six things to know about the new $8,000 tax credit

by the zac team @ RE/MAX Greater Atlanta

Below is a summary of six good-to-know items in the new tax credit legislation passed for fist-time home buyers! This is courtesy of Pat Griffin with Greater Atlanta Financial Services, an affiliate of Wells Fargo:

1. Up to $8,000 for new buyers:
The credit is equivalent to 10 percent of the purchase price of the home. It is capped at $8,000 and applies only to first-time home buyers and principal residences. Unlike the previous $7,500 incentive, this credit does not have to be repaid.

2. First time buyers defined:
For the purpose of this legislation, a "first-time home buyer" is someone who has not owned a principal residence for three years before buying a house. (The date of purchase is considered the day that the title is transferred.) That means if you have owned a vacation home - but not a principal residence - within the past three years, you would still qualify for the credit.

3. 2009 buyers only:
Those who purchase a home on or after January 1 and before December 1, 2009 are eligible for the credit. This credit is not applicable for purchases outside of those dates.

4. Income limits:
The tax credit is subject to income limitations. Single buyers need a modified adjusted gross income of $75,000 or less to qualify for the full credit, $150,000 for married couples. Those earning more than these thresholds may be eligible for reduced credits.

5. Refundable:
Because the tax credit is "refundable," qualified buyers can take advantage of it even if they do not have much tax liability. For an eligible purchase in 2009, you can choose to claim the credit on either your 2008 (or amended 2008 return) or 2009 return. For more information visit:
www.irs.gov.

6. Recapture:
Buyers have to own the home for at least three years in order to capitalize on the credit. If they sell the home before then, they will have to return the credit to the government. (Exceptions will be made in certain cases, such as death or divorce.)

National Association of Realtors' response to the Obama administration's propsed budget

by the zac team @ RE/MAX Greater Atlanta

Below is an email sent out from the president of the National Association of Realtors (NAR) expressing concern over the possible future adjustments to the tax write-off of interest on mortgages for families who earn over $250,000. We wanted to share it with our Atlanta, Decatur, and Buckhead neighbors as well!

You may have seen news reports about President Obama’s budget proposal that was released today at 11:30 AM Eastern Time. A small section of the sweeping budget plan has the potential to become a major impediment to a recovery in real estate markets across the nation. NAR is 100% opposed to the provision that modifies the Mortgage Interest Deduction and is prepared to use its formidable array of resources against its enactment.

As currently drafted, the plan changes the Mortgage Interest Deduction by reducing the amount of mortgage deductibility on families earning over $250,000. This proposed change in the Mortgage Interest Deduction will result in further erosion of home prices and home values. If this proposal is enacted it will lead to a new round of price depreciation, will cause greater distress on the balance sheets of banks as the collateral value of mortgage backed securities declines. A second credit crisis could emerge before the first one is resolved.

As you read this NAR is launching a multiphase plan of action to eliminate this provision from the budget plan. In the next 24 hours, NAR will be expressing our concerns directly to President Obama, to all members of the United States House of Representatives and the Senate, placing advertisements in the publications read by Washington, DC decision makers. Additionally, NAR will be forming a coalition with other groups affected by this proposal.

This communication is the first part of our response, we will continue to update you as the situation and events warrant.

Sincerely,
Charles McMillan Signature
Charles McMillan, CIPS, GRI
2009 NAR President

Displaying blog entries 1-10 of 12

Syndication

Categories

Archives

Contact Information

Photo of Zac Pasmanick  Real Estate
Zac Pasmanick
RE/MAX Metro Atlanta Cityside
600 Virginia Avenue NE
Atlanta GA 30306
Office: 404-564-7272

 

Friend, fan, or follow!
Become a friend of Zac's on facebook!  Connect with Zac on Linked In!Follow Zac on twitter! Connect with Zac on Plaxo!

Zac Pasmanick on Zillow
• Sign up for your personalized email home search: www.BestMetroAtlantaHomeSearch.com
• Why list with Zac? www.GotZac.com