Local Real Estate

There are currently 64 blog entries related to this category.

Download the Jan-Feb 2008 Newsletter (in PDF) Gather tips for preparing your home for sale, stage your home from the outside in and get resources for kitchen revamps in this bi-monthly issue.
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You may have heard that the FHA has recently increased loan limits. Want to know what that means for you? How about this: Sub-prime lending is (in most cases) no longer an option for homebuyers in today's market. Fortunately, the FHA has stepped in to fill some of the void for those who are good risks, buying reasonably priced homes. An approved FHA buyer can now borrow as much $346,250.00 to purchase a home. Down payment requirements are currently 3% and you can qualify for an FHA loan even if you have less than ideal credit. Scores down in the 580 range may still be approved for home ownership with FHA. In the larger picture, the old FHA loan limits reduced the options of the homes that could be purchased in the Alpharetta and Johns Creek areas. This…
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I have just finished compiling the sales data for October and the picture is not any prettier than it has been. A quick look reveals that the lower the sales price the faster the market is moving. The market is substantially slow when the sales price goes above $450,000. There is a 5 month supply of homes priced under $200,000 while the supply balloons to over three years for homes priced over $800,000. I will be digging deeper into the numbers in the month ahead. Check back here soon to get a more complete picture of what the market is telling us. All the best, Jeff
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AppraisalIn the current market, appraisers are catching quite a bit of heat from lenders. As the foreclosure rate is escalating, appraisers are being forced to take a more conservative stance in valuations. What does this mean to you as a homeowner? If you have a home in "average" condition and your home's value is near the average price for a home of its size in the neighborhood, you should be fine when selling. The problems often come when you have a home that does not have recent comparable sales in the neighborhood to support your price. Homes that are trying to set the highest sales price for a neighborhood are facing tough times getting supporting valuations from appraisers. In the "good old days" of earlier this year, an appraiser would generally give…
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Read the July 2007 Newsletter Get the low-down on the Alpharetta and Johns Creek real estate market now. Find out where to get in shape... no matter what your age. Learn how to determine the Radon risk in your home and view a couple great shots from a local swim meet.
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Get an educator's view on the local school system. Learn about helping your children "suit up" for their favorite team sport. Read a quick article on "Home Buying 101" and learn where to go to find out more about your Alpharetta and Fulton County ancestors in this month's issue! Read the June 2007 Newsletter
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New homes sales were up nationally in April by 16.2% over March 2007. The south was the strongest region in the country, with sales up a whopping 27.8% over the previous month. This sound good at first read but is it? I reviewed the sales figures for April resale homes in our area and they showed basically no improvement over March. The market is staying pretty much the same, not bad but not rip roaring either. So what is going on with new home sales? The first thing that popped into my mind was the automobile industry after the attack on September 11, 2001. Do you remember all of the zero percent financing and huge incentives available that were offered to create sales at any cost? Well it did create sales in the short term for the car companies but at…
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The Alpharetta and Johns Creek real estate markets continued to show weakness in April (as compared to last year at the time). April 2006 sales totaled 240 homes sold from the 848 homes in inventory across all price ranges. This year showed a substantial (but not devastating) drop in sales, and an increase in inventory with 207 homes sold in April 2007 out of 1079 total homes for sale (across all price ranges). This represents a 13.75% drop in sales and a 27.24% increase in the total number of homes for sale between April 2006 and April 2007. These figures equate to a 5.21 month supply of homes at April's absorption rate which is up a whopping 47.59% from April 2006's 3.53 month supply. What does this mean to buyers and sellers in Alpharetta and Johns…
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Be sure to pay attention to the contents of your mailbox. Consider a locked mailbox option and always remove your mail promptly!
  • Theft by taking – Oxford Mill Cir. – 30022 – The victims’ bank checks were stolen from her mailbox. She did not realize they were stolen until she checked her account via internet and realized there were unknown charges.
Other crime beat updates include:
  • Public indecency – Ashwind Trace/Windbrooke Way – 30005 - The victims stated while she was walking near the pool area, a white male was exposing himself. The victim was able to retrieve the vehicles’ tag number and description. This information has been turned over to the police officers and detectives and is currently under investigation.
  • Theft by taking
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It's summer so I wanted to remind you to keep unoccupied vehicles locked to avoid joining the ranks of victims that have recently had possessions stolen.
  • Theft by taking – Old Woodland Entry – 30022 - The victims’ work items were stolen from her vehicle. All items were in plain view and there were no signs of forced entry.
  • Theft by taking – Cavendish Pl – 30024 – The victims’ Dell laptop, Brookstone air purifier, and a Motorola wireless headset were stolen from his unlocked vehicle that was parked in his driveway. There were no signs of forced entry.
  • Theft by taking – Merriweather Woods Dr. – 30022 – The victims’ Blackberry was taken from her unlocked vehicle that was parked in her driveway. There were no signs of forced entry.
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