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Displaying blog entries 1-10 of 19

Lovely Traditional Home Waiting for You @ 10905 Wittenridge

by the zac team at Ponce Realty

Greetings neighbors,

We have a wonderful home for you and your family to check out at 10905 Wittenridge in Alpharetta. This 3 bedroom, 2.5 bath home is just minutes from Northpoint Mall and a plethora of restaurants!

You will appreciate the home's updated designer paint and Faux hardwood floors through the entry and kitchen. In addition, the open floor plan is great for an eat-in kitchen or dining area leading into the formal living area! Other notable features and appliances of the home's kitchen include the view to the family room, dishwasher, electric oven/range, and patio!

The new owner/owners of this wonderful home will also appreciate nice sized bedrooms that are constructed on a roommate styled floor plan.  Also you will simply love the master bath with features such as a double vanity, garden tub, and separate shower/bath!

Other features of this lovely traditional home include: ceiling fans, thermal paned windows, fireplace, 9 ft ceilings, and 2-story foyer!

For the exterior features of the home you will find a level driveway, 1 car garage, and professional landscaping. As for amenities within the community you and your family are sure to enjoy the playground area and swimming pool!

View pictures here!

Freddie Reports Mortgage Rates Produce Record Lows Yet Again

by the zac team at Ponce Realty

Hello neighbors,

As for this week's mortgage rates, according to Freddie Mac, the 30-year fixed rate mortgage fell yet again creating record lows for the week ending today producing an average 4.36% with an average point of 0.7. Last week, the average rate for the 30-year fixed rate mortgage came in at 4.42%.

The 15-year fixed rate mortgage produced an average of 3.86% and average 0.6 point, which was also down from the previous week's average of 3.90%.

In addition, Freddie Mac reported an average 3.56% and average 0.6 point for the 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) this week. This number is unchanged from last week's average.

Lastly, the 1-year Treasury-indexed ARM produced a weekly average of 3.52% with an average 0.7 point. This number showed a slight decrease from last week's average of 3.53%.

Saturday Open House in sought-after Sagamore Hills!

by the zac team at Ponce Realty

This Saturday from 1 - 3 p.m., The Zac Team will hold open 2145 Pine Forest Drive in Sagamore Hills. Situated at the top of a hill, this a-typical mid-century classic is so much more than you would expect!

saturday open house for 2145 Pine Forest Drive in Atlanta by the Zac Team at Pocne Realty

This 3 bedroom, 2 bath home features a large open floor plan...

saturday open house for 2145 Pine Forest Drive in Atlanta by the Zac Team at Pocne Realty

...with an open kitchen leading to a large den and sun room.

saturday open house for 2145 Pine Forest Drive in Atlanta by the Zac Team at Pocne Realty

Huge enclosed sun room overlooking your own private backyard!

saturday open house for 2145 Pine Forest Drive in Atlanta by the Zac Team at Pocne Realty

Gigantic full basement with interior access that gives you twice as much space. Beautiful Sagamore Hills street makes this a great family home convenient to everything.

saturday open house for 2145 Pine Forest Drive in Atlanta by the Zac Team at Pocne Realty

California-style ranch home open for Sunday Open House on August 29th!

by the zac team at Ponce Realty

Atlanta home buyers, mark your calendar for this Sunday, August 29th for an open house from 3 - 5 p.m. at 2102 Lenox Road! This California ranch in Moringside has lovely touches, such as knotty pine cathedral ceilings!

Atlanta Sunday open house at 2102 Lenox Road, homes for sale in Morningside Atlanta GA by The Zac Team at Ponce Realty

Great location compliments this 3 bed, 1.5 bath California style ranch home!

Atlanta Sunday open house at 2102 Lenox Road, homes for sale in Morningside Atlanta GA by The Zac Team at Ponce Realty

Beautiful knotty pine cathedral ceilings & beams add a rustic, warm feel to this home.

Atlanta Sunday open house at 2102 Lenox Road, homes for sale in Morningside Atlanta GA by The Zac Team at Ponce Realty

The open floor plan is perfect for entertaining.
Large floor to ceiling windows provide views to a patio and parklike private backyard featuring mature azalea bushes and trees throughout.

Atlanta Sunday open house at 2102 Lenox Road, homes for sale in Morningside Atlanta GA by The Zac Team at Ponce RealtyAtlanta Sunday open house at 2102 Lenox Road, homes for sale in Morningside Atlanta GA by The Zac Team at Ponce Realty

All appliances included! The kitchen, with breakfast bar, and den both overlook your spacious family room with brick hearth and fireplace. Paved sidewalks make an easy walk to the nearby Marta stop or to the city park and conservation areas. Ample storage space through home, plus attic and basement.

Atlanta Sunday open house at 2102 Lenox Road, homes for sale in Morningside Atlanta GA by The Zac Team at Ponce RealtyAtlanta Sunday open house at 2102 Lenox Road, homes for sale in Morningside Atlanta GA by The Zac Team at Ponce Realty

Atlanta Housing & Real Estate Market Statistics for July 2010

by the zac team at Ponce Realty

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 July 2010 market statistics versus July 2009 numbers. Enjoy and please feel free to give us a call if you have any questions! And scroll down for links to a year's worth of past statistics! Our office # is 404.564.7200.

Units Closed
2010 2009
Single Family:
3,311 4,684
Condos/Townhomes: 576 725
Total: 3,887 5,409
(28.1% decline)    
     
 New Listings
 
Single Family:
8,896 9,200
Condos/Townhomes: 1,771 1,769 
Total: 10,667
10,969 
 (2.8% decline)
   
     
Withdrawn    
Single Family: 1,681 1,764 
Condos/Townhomes: 283  332 
Total: 1,964  2,096 
(6.3% decline)
   
     
Expired    
Single Family: 3,874  3,997 
Condos/Townhomes: 925  866 
Total: 4,799  4,863 
(1.3% decline)     
     
Current Inventory    
Single Family: 39,500  41,898 
Condos/Townhomes: 8,385  9,297 
Total: 47,885  51,195 
(6.7% decline)     
     
Sales Price / List Price     
Single Family:  93.6% 94% 
Condos/Townhomes:
95.3%  94.8% 
     
Average Days on Market     
Single Family:
101.7  150 
Condos/Townhomes: 108.1  131.2 
     
Inventory     
Single Family: 9.4 months  11.35 months 
Condos/Townhomes: 11.25 months  18.4 months 

                   
Click here for the May 2010 report!
Click here for the April 2010 report!
Click here for the February 2010 report!
Click here
for the January 2010 report!
Click here
for the December 2009 report!
C
lick here for the November 2009 report!
Click here
for the October 2009 report!
Click here
for the September 2009 report!
Click here
for the August 2009 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)

U.S. Housing Still Affordable for the Sixth Month in a Row

by the zac team at Ponce Realty

Greetings neighbors,

Wondering if buying a home in the U.S. is still affordable? According to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI), the answer to that question is yes. The index shows home affordability around the country is at its highest level for the 6th month in a row.

Out of the total number of all new and existing homes that were sold during the 2nd quarter of 2010, the HOI reported that 72.3% were affordable to U.S. families making at least $64,000 which is the national median income.

In addition, the 2nd quarter of 2010 proved to be slightly more affordable when compared to the previous quarter.

As for the most affordable area in the country during the 2nd quarter, Syracuse, NY came in at the top of the list for the most affordable with 97.2% of the area's homes affordable to U.S. families making $64,300.

Other major metro markets among the most affordable include: Detroit-Livonia-Dearborn, Mich.; Youngstown-Warren-Boardman, Ohio-Pa.; and Buffalo-Niagara Falls, N.Y.

On the flip side, the least affordable major markets noted on the HOI included: San Francisco-San Mateo-Redwood City; Santa Ana-Anaheim-Irvine, Calif.; Los Angeles-Long Beach-Glendale, Calif.; and Honolulu.

 

 

Adorable Home Waiting for New Owners @ 240 Willisford in Alpharetta

by the zac team at Ponce Realty

Greetings neighbors,

Take a look at this adorable, 3 bedroom, 2.5 bath home located at 240 Willisford in Alpharetta. This colonial styled/brick home is perfect for a new family!

With features such as hardwood flooring throughout and 9ft ceilings, you and your family will take pride in calling this place your home.

The kitchen of this lovely structure will be more than one could ask for including appliances such as electric range/oven and dishwasher. In addition, you will appreciate the breakfast area, breakfast bar, cabinets, pantry, and stone counter tops.

You and your family are sure to enjoy the homes family room, separate living room, as well as the separate dining room which is perfect for family dinners and gatherings!

As for the home's exterior features you will find a 1 car garage for your parking convenience as well as professional landscaping and street lights.

If you and your family have been searching for the right home at the right price then look no further.

View pictures here!

Mortgage Rates Continue to Follow the Same Path for the Ninth Straight Week

by the zac team at Ponce Realty

Greetings neighbors,

Looks like mortgage rates around the country continue to fall as well as break record lows.

According to Freddie Mac's weekly survey, the number for 30-year fixed rate mortgages experienced yet another drop, settling at 4.42% which is a record low for the week ending today.

As for the 15-year fixed rate mortgage around the country, this week's number remained unchanged from last week's 3.9%.

U.S. mortgage rates have experienced significant drops for nine straight weeks.

Mortgage Refi Rates Hit their Highest Levels Since Last Spring

by the zac team at Ponce Realty

Hello neighbors,

According to a recent survey by the Mortgage Bankers Association (MBA), the act of mortgage refinancing rose 17.1% last week. With the recent rise, mortgage refinancing make-up 81.4% of the total number of mortgage applications.

This number has also proven to be at its highest level since May 2009 as well as the refinancing share of overall mortgage applications being at its highest since last January.

As many who follow the real estate market may recall, mortgage rates began hitting all time lows during the early part of the year and continue to break records with 15-year fixed rate mortgages currently below 4% and 30-year fixed rates averaging between 4.25% -4.5%.

In addition, there was a 13% rise in the MBA's seasonally adjusted market composite index in comparison to the previous week. As for the seasonally adjusted purchase index, there was a decline of 3.4% when compared to the previous week and 38.6% lower than last year's number.

Short Sales: 7 Ways to Find a Great Deal on Your Next Home

by the zac team at Ponce Realty

Hello neighbors,

With short sales being pretty prominent today in the real estate market, many buyers are cashing in on some great deals. With more and more homeowners finding themselves in the market to sale, short sales are significantly rising and seems to be the way to go. Take a look at a few helpful hints on how you can find a great short sale deal of your own.

Finding a Short Sale Property:

Short sale listings are typically listed by real estate agents and can be found on local sites as well as MLS feeds. In addition, key phrases such as: subject to bank approval, preapproved by bank, and headed for auction are clues that a property may be listed as a short sale.

Choosing a Real Estate Professional:

When choosing an agent, make sure to select someone with short sale experience. Because the short sale process is more tedious, having a real estate professional that is trained and knowledgeable about short sales will prove to be very beneficial.

Assess the Property's Mortgage and Liens:

A knowledgeable agent will be very beneficial in determining how much the property's mortgage is worth. You will need to find out how much has been paid by the current owners and when it was paid. In addition, you will need to determine the amount of liens on the property. Last but not least you will need to find out which lender is the primary lien holder and check out other sales in the area.

Get a Home Inspection:

Because short sales are normally sold as is, it will be very beneficial to have a complete home inspection before signing the dotted line. If you purchase a home through a short sale but later find out about major/expensive repairs then you're not really saving any money.

Write a Complete Offer:

The lender will actually determine whether or not your offer is accepted, not the owner. With that being said, take it upon yourself to write a short sale offer and be sure to include the following: cover letter, signed owner/borrower short sale purchase agreement, seller hardship letter, seller payroll stubs, two years of seller tax returns, market comparables, HUD-1 closing net sheet, repair cost estimate, and pictures of the property.

Negotiate:

Like with any deal, always be open to negotiations. If your first written offer is rejected, you will need to come back with an even higher offer. You should be mentally prepared to make higher offers or walk away if the price doesn't agree with your finances.

Patience is a Virtue:

Like the old saying goes, patience is definitely a virtue. Because short sales are in high demand these days, lenders are swamped. Therefore, you will need to be prepared to wait for not just a few weeks but possibly months.



Displaying blog entries 1-10 of 19

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Zac Pasmanick
RE/MAX Metro Atlanta Cityside
1189 S. Ponce de Leon Avenue
Atlanta GA 30306
Office: 404-564-7272

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