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Open House This Sunday 2 PM - 5 PM in Midtown!

by Zac Pasmanick - The Zac Team @ RE/MAX Metro Atlant

 

The beautiful city of Atlanta has so many amazing things to offer and The Spire in Midtown is no exception. This landmark building whose distinctive architecture marks the center of the Midtown Mile – a vibrant urban district rich with shops, entertainment, dining, green spaces, higher-learning institutions and culture.

 

We would like to invite you to our Open House at 860 Peachtree St NE Unit 805 at the Spire, a building that soars twenty-eight floors into the Atlanta skyline. Join us this Sunday from 2 PM until 5 PM.

 

 

We will be showing a fabulous one bedroom home on the coveted upper level at Spire. This space offers massive private outdoor terrace with views of Peachtree Street. (Parades anyone?).

 

The home has new upgraded hardwood floors, upgraded lighting, and new microwave. Secure executive building with concierge. Beautiful pool and a large work-out room.

 

This home offers one of the largest and most popular floor plans in Spire. Amazing Midtown/Downtown views. Large bedroom with walk-in closet. Moveable island in kitchen makes for easy decoration. This beautiful home comes with a deeded parking space and a large storage unit! Hardwoods throughout living areas and carpet in bedroom. This stack rarely comes on the market. Live in the heart of it all on Peachtree.

 

 

From Piedmont Park and the Fox Theatre to sunrise and sunset – it’s all captured in magnificent panoramic views from residences dressed with the most stylish appointments and conveniences.

 

Welcome to a place that celebrates the uniqueness of this spectacular sky-rise, the diversity in our community, and the pride with which we introduce ourselves. We hope to see you Sunday!


 

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Real Estate News for Fans of the Peanuts Crew

by the zac team @ RE/MAX Greater Atlanta

Hello neighbors,

How many of you remember the Peanuts crew which consisted of Snoopy, Charlie Brown, Lucy, and etc.? For those of you who may not be aware, cartoonist Charles Schulz, who passed away 10 years ago this month, created the classic cartoon.

The late Mr. Schulz created many of the Peanuts comic strips in his home located in Santa Rosa, California. This 7,230 - square foot home, which was built in 1949, is currently on the market and has been since November.

The original selling price of the home was $2.9 million however it has been said that the price will be reduced to $2.275 million due to the removal of 2 acres of land, which will now be sold separately for $600,000.

The home contains 4 bedrooms, 5 full baths and powder room. In addition, some features of the home include: a 1000 square foot guest house with kitchen and 2 bedrooms, in-ground pool, and cabana with changing rooms and showers.

Schulz purchased the home 37 years ago for approximately $250,000. The second and current owner of the house purchased in 1996.

 

Atlanta Housing & Real Estate Statistics for October 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 October 2009 market statistics versus October 2008 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:                      2009            2008
Single Family                       3,791           3.512
Condos/Townhomes              741             596
Total                                    4,532           4,108

(10% decrease)
                

New Listings:                      2009            2008
Single Family                        8,098          10,287
Condos/Townhomes              1,699           2,089
Total                                    9,797          12,376
(21% decrease)

Withdrawn:                          2009            2008
Single Family                        1,497           2,066
Condos/Townhomes                286             374
Total                                     1,783           2,440
(27% decrease)

Expired:                                2009           2008
Single Family                         4,041          6,480
Condos/Townhomes                891            1,154
Total                                      4,932          7,634
(35% decrease)

Current Inventory:                 2009           2008
Single Family                         37,093        51,849
Condos/Townhomes                 8,584        10,681
Total                                      45,677        62,530
(26% decrease)

Inventory:                              2009           2008
Single Family                     13.2 months   13.95 months
Condos/Townhomes           14.5 months    16.3 months

Sales Price to List Price:        2009          2008
Single Family                           96.2%       89.7%
Condos/Townhomes                 92.9%       95.2%

Average Days on Market:       2009          2008
Single Family                           123           123.3
Condos/Townhomes                 117
           127.6

Click here for the September 2009 report!
Click here for the August 2009 report!

Click here
for the July 2009 report!

Click here for the June 2009 report!
Click here for the May 2009 report!
Click here for the March 2009 report!
Click here for the February 2009 report!
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)

Atlanta Housing & Real Estate Statistics for September 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 September 2009 market statistics versus September 2008 numbers. Enjoy and please feel free to give us a call if you have any questions! And scroll down for links to almost a year's worth of past statistics! Our office # is 404.564.7200.

Units Closed:                      2009            2008
Single Family                       3,583           4,370
Condos/Townhomes              697             774
Total                                    4,280           5,144

(17% decrease)
                

New Listings:                      2009            2008
Single Family                        7,672          11,411
Condos/Townhomes              1,751           2,111
Total                                    9,423          13,522
(30% decrease)

Withdrawn:                          2009            2008
Single Family                        1,420           2,496
Condos/Townhomes                299             514
Total                                     1,719           3,010
(43% decrease)

Expired:                                2009           2008
Single Family                         4,385          6,569
Condos/Townhomes                869            1,276
Total                                      5,254          7,822
(32% decrease)

Current Inventory:                 2009           2008
Single Family                         40,732        53,333
Condos/Townhomes                 6,368        10,567
Total                                      47,100        63,900
(26% decrease)

Inventory:                              2009           2008
Single Family                     13.2 months   13.95 months
Condos/Townhomes           14.5 months    16.3 months

Sales Price to List Price:        2009          2008
Single Family                           94.3%       94.7%
Condos/Townhomes                 93.9%       95.6%

Average Days on Market:       2009          2008
Single Family                           129.2         127.4
Condos/Townhomes                 132.5
        137.7

Click here for the August 2009 report!
Click here
for the July 2009 report!

Click here for the June 2009 report!
Click here for the May 2009 report!
Click here for the March 2009 report!
Click here for the February 2009 report!
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)

Home Sales Are Up 9%

by the zac team @ RE/MAX Greater Atlanta

Greetings Neighbors,

Although the number of jobs may be down in this economic downfall, surprisingly that has not stopped people from purchasing homes especially first time buyers.

According to the National Association of Realtors, first time home buyers contributed to the increase in existing home sales nation wide. NAR's latest figures suggest that sales activity has reached it's highest point in more than two years. It is suspected that the combination of cheaper homes and first time buyers credit is accountable for the 9.4% increase.

According to recent stats home sales in the south alone increased 9% to an annual level of 2.06 million in the month of September which is 10.8% higher than last year.

Looking for a home here in Atlanta? Try our new Metro Atlanta and Decatur home search here - www.BestMetroAtlantaHomeSearch.com!  Virtual tours ● Large photos ● Full details ● Satellite maps.


The 7 Worst Homebuying Mistakes To Avoid

by the zac team @ RE/MAX Greater Atlanta

Hello Neighbors,

Deciding to purchase a home is a major decision that takes careful consideration and can be stressful especially if this is your first time. It's important to remember to get all of the facts and take your time when looking for properties that will fit you and your lifestyle. However, buyers need to be aware of seven deadly mistakes when buying a home.

Mistake # 1: Thinking that you can't afford to buy a home.

How many of you pay a monthly rent of $800 or more a month? Do you realize how much money you're paying for an apartment that you will never own? The monthly payments you are paying a month can actually go towards a mortgage and building your own equity. There are several loan packages out there for different types of buyers and mortgage rates are at their lowest in years. Tax laws today make home buying a little more appealing than before.

In addition, there are tax advantages in owning a home in which it can be cheaper owning than renting. One advantage is the money you pay for a monthly mortgage is actually tax deductible opposed to the rent you pay using after-tax dollars which helps the landlord's equity.

Mistake #2: Not Having A Plan.

When making important decisions in life it's always good to have a plan. Never jump in head first and the same applies to buying a home. Therefore, it's best to seek professional advice from a real estate agent. An agent can keep you on the right track and prevent you from making common home buying mistakes. Within your plan you need to contemplate on what you are seeking in a home such as: what type of neighborhood you would prefer or what specifics you are seeking in a home such as kitchen size, number of bedroom, etc.

Mistake # 3: Failing to Select A Realtor You Can Work With.

Of course buying a home is a process that can last longer than a day or two. Therefore you need to search for a Realtor you can work and and feel the vibe with. Because buying a home can be a stressful task within itself you don't need a Realtor stressing you out as well. Try interviewing different Realtors and finding out who you're more comfortable with before making a final decision on the professional who will help with one of the biggest investments of your life. You also want to choose a Realtor with experience in successfully closing transactions.

Mistake #4: Failing to Pre-Qualify For a Mortgage Loan.

Before actually beginning a search for your home it is best to know what price range you need to be looking in. It's nothing worse than to fall in love with a home and when it's time to find the funds you don't qualify for the loan. Therefore, to avoid a broken heart, contact a lender and find out about the programs they offer and get that pre approval. Being pre approved will give you a piece of mind as well as give you a better position in negotiating.

Mistake # 5: Failing To Understand the Loan Options Available:

Because there are several loan programs available for home buyers take the time to figure out which programs works for you both now and in the future. Choose a lender that has time to explain the numerous programs available and go over your options.

Mistake #6: Failing To Get the Home Inspected By a Qualified Inspector.

It is an assumption that the seller of the property will disclose any problems associated with the home, however always remember the seller is not a qualified inspector and may actually over look or may not be aware of certain issues with the home. That's when a qualified inspector is needed to make sure not only the structural but the mechanical conditioning of the home is up to par.

Mistake #7: Failing To Understand Your Rights and Responsibilities.

Keep in mind buying a home consist of more than just finding the right property and getting approved for the loan. Throughout the years laws in reference to buying a home have been created and you need to understand how those laws could affect your decision in buying. After deciding on a home, your purchase contract is legally binding and should be carefully reviewed by you and the seller.

Looking for a home here in Atlanta? Try our new Metro Atlanta and Decatur home search here - www.BestMetroAtlantaHomeSearch.com! Virtual tours Large photos  Full details Satellite maps

Buying Your First Home? Take Time and Cover All the Bases

by the zac team @ RE/MAX Greater Atlanta

Greetings Neighbors,

Are you in the market to buy a new home? As everyone knows, the economy is not in the best of shape these days and many people don't have the extra money they used to have. However, for those who do, making large purchases such as a home is not a bad idea right now. With many homes facing foreclosure or short sales, first time home buyers can really "luck up" on a good deal.

Because buying a home can be a pretty scary ordeal, first time buyers need to take the time to do the necessary research to make sure they are making the right decision. Here are a few things to remember when looking for that 1st home:

Inspect- It's vital for buyers to play inspector gadget when viewing the inspection report. Especially first time buyers will need to make sure the home's inspection report was done professionally. For those looking to buy a condo, you would need to view the CC&R's, By-Laws, and Association Fees.

Imagination- I know you may be wondering how imagination is important, well I will tell you. Remember while viewing a fully furnished house everything will most likely look beautiful and wonderful. However, all of the furniture you are viewing at the time will likely go with the previous owners/sellers of the property. It's important to imagine your own furnishings in the home, don't be swayed by others property.

Income, You lifestyle, Mortgage Payment, etc - It’s also very important for buyers to sit down with their agent for a heart to heart talk discussing their income as well as their lifestyle. You will also need to do some strategic planning (future planning) taking into consideration children in the future, up grades to the home, add-ons, etc. You need to know if this home will not only work for now but for later as well.

View Several Homes- It is suggested that buyers view between 7-10 properties before making a decision. Your agent should allow you to view enough property for you to get the feel of the market. Never make a hasty decision based on the first property or two you see.

Use Your Team - It's important for you, the buyer to find the right real estate agent and team. You need to make good use of your lender, title representative, and agent. They are working to make your home buying experience a positive one.

Verification- Make sure you verify the cost and expenses such as: utilities, taxes, insurance, maintenance, and homeowners dues if required before signing the dotted line. During your final walk through make sure all utilities are working so you can property inspect them.

Final Walk Through- Make sure you visit the home vacant. Some things that may have been overlooked while still fully furnished should be easier to notice now that everything has been removed from the home.

Be Flexible - Remember, when approaching the closing date of your home you have to comprehend the meaning of flexibility. Because closing dates can fluctuate you should have a back up plan. Remember more time may be needed so try not to get to frustrated. Remember in the end it will be well worth it.

It Doesn't Mean Anything Until It's In Writing - Remember, anything promised or discussed during negotiations should be in writing. Someone may say one thing but then change their mind however, if you the buyer, have it in writing then it stands. You should request for your real estate team to keep a log.

Loyalty Goes A Long Way - Remember, honest and loyalty goes a long way in most day to day situations. Being untruthful can make room for delays and can even ruin the deal all together.  Make sure you choose the right real estate team that you feel comfortable with and that will treat you the way you need to be treated while during the process of purchasing your home.

In the market to buy a new home? Check out metro Atlanta's newest, most easy to use website to search for homes! www.BestMetroAtlantaHomeSearch.com!

New Appraisal Rules Cause Uproar, Good or Bad Idea?

by the zac team @ RE/MAX Greater Atlanta

Hello Neighbors,
I'm sure those who are in the process of selling their homes in our economy would agree that the task may be a little more stressful today as opposed to two or three years ago. With many homes going into foreclosure or perhaps going through the short sale process; those who are attempting to sell their property or home now have to consider the new appraisal rules that began in May.

The new rules set forth now gives Appraisers more lead way, making them independent of real estate agents and brokers. In conjunction, this will make for a more reliable appraisal. Now banks as well as appraisal management companies will have to assign jobs and send the fees to the appraisers.  With this particular change, appraisers will not have to worry as much about providing an inflated home value which would support the once larger home cost in "white-hot" markets like Atlanta. However, on the “flip” side of things, this has potential to produce faulty appraisals or cause appraisals to be worse than before. In addition, today’s Realtors are not so happy with the new rules surrounding appraisals and are actually trying to fight them. This new Code of Conduct actually takes too much away from the Realtor.

With the recent uproar in the appraisal system it may not be such a bad idea to go the extra mile and pay a little more to find an Appraiser who is actually familiar with the neighborhood in which you're trying to sell out of. The advantage of this is that a local Appraiser will be more familiar with the amenities of the area, more knowledgeable of the local schools, and etc.

The new code of rules is expected to cut down on fraud and produce more trustworthy home appraisals.

Curious about the value of your home? Just visit http://www.atlanta-homevalues.com/ and let us put together a computerized market analysis for you!

Atlanta Housing & Real Estate Statistics For July 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 July 2009 market statistics versus July 2008 numbers. Enjoy and please feel free to give us a call if you have any questions! And scroll down for links to almost a year's worth of past statistics! Our office # is 404.564.7200.

Units Closed:                     2009        2008
Single Family                    4,325         3,803
Condos/Townhomes            655           674
Total                                 4,980         4,447
 
(12% increase)
                

New Listings:                     2009        2008
Single Family                     9,200       12,206
Condos/Townhomes            1,769        2,181
Total                                 10,969       14,387
(24% decline)

Withdrawn:                          2009        2008
Single Family                        1,788       2,647
Condos/Townhomes                334         472
Total                                    2,122        3,119
(32% decline)

Expired:                                2009        2008
Single Family                        4,097        5,993
Condos/Townhomes               885           1,119
Total                                     4,982        7,112
(30% decline)

Current Inventory:                 2009         2008
Single Family                         41,898      56,547
Condos/Townhomes                 9,297       11,073
Total                                      51,195      67,620
(24% decline)

Inventory:                              2009                  2008
Single Family                        11.35 months      14.4 months
Condos/Townhomes               18.4 months      16.6 months

Sales Price to List Price:        2009          2008
Single Family                           93.8%       92.9%
Condos/Townhomes                  96.8%       96.2%

Average Days on Market:       2009        2008
Single Family                          93.6         86.8 
Condos/Townhomes                 96.8
        101.0

Click here for the June 2009 report!
Click here for the May 2009 report!
Click here for the March 2009 report!
Click here for the February 2009 report!
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)

Displaying blog entries 1-9 of 9

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

 

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