August 2008 
There are 7 blog entries for August 2008.
It's me and you against this market
Wednesday, August 20th, 2008 at 6:12am. 315 Views, 0 Comments.
If you've ever been to Vegas then you understand the concept of "house edge". Simply put, The house edge is the difference between the true odds and the odds that the casino pays you when you win.
The current Atlanta Real Estate market has what I would call a "market edge". Simply put, The market edge is the difference between the true market value your home and value the current market pays you when you sell.
A lot of folks selling their Atlanta Homes have a hard time with this concept. And a lot of folks don't understand that the agent they hire has a huge impact on their odds of success when playing against "market edge".
I can't beat the market. I can help you maximize your odds of winning out vs. the market edge. It's me and you against…
Good Faith
Monday, August 18th, 2008 at 8:07am. 281 Views, 0 Comments.
I often talk to my clients and prospects about "good faith". In simple terms - you have to trust that people will do what they say they're going to do in order for things to work as they should.
Buy Low; Sell Low
Saturday, August 16th, 2008 at 1:50pm. 347 Views, 0 Comments.
The concept that you can Sell High and Buy Low in a local real estate market is an illusion.
Sure, if you invest nationally (or internationally) then you can certainly apply the concept of Selling High and Buying Low becuase you spend your time identifying, tracking and hunting those markets that are at their peak when others are in a trough. This can be a time consuming and expensive process.
If you're like most folks - a retail buyer or seller - simply looking to upgrade to a larger home, better neighborhood or school district in the neighborhoods of Atlanta then you should know that timing the market to Sell High and Buy Low simply doesn't work. After all, "a rising tide floats all ships". Meaning, if you sell your home at a peak of the…
Market Update - The Importance of Being Informed
Friday, August 15th, 2008 at 7:49am. 268 Views, 0 Comments.
It's important to stay up on Atlanta Real Estate Market Trends. So much that every week I send ALL of my current sellers a detailed analysis of the current market in their specific area and competing value range.
If you don't know what's going on in the market...how are you supposed to know how to take advantage of it?
"Are You Trying to Screw Me?"
Wednesday, August 6th, 2008 at 2:17pm. 360 Views, 0 Comments.
No.
But...depending on your situation...the market might be.
I just got back from meeting with a potential client who is looking to sell his 1 bedroom 1 bath loft in downtown Atlanta. Before going to visit with him, I put together a quick market analysis for his building.
The analysis uncovered the following:
There are currently five 1 bedroom 1 bath units on the market ranging in price from $170,000 to $225,000. Two units at the lower end of the active value range have been on the market for over 9 months not selling.
In the last 6 months there have been 4 successful sales while 16 properties have gone off the market as unsold.
This means, for every 1 unit selling there are 4 units going off the market as unsold.
Of the 4…
Subprime Primer
Tuesday, August 5th, 2008 at 9:05am. 291 Views, 0 Comments.
The mortgage industry over the last 5 years
Has made a real mess of things. Painfully funny, no doubt.First Time Buyer Tax Break
Monday, August 4th, 2008 at 4:53pm. 344 Views, 0 Comments.
$7500 Tax Credit to 1st Time Buyers
You can read all about it here.
And don't forget to check into FAQ #16 while you're there. This tax credit has to be paid back when you sell the house or 15 years after collection - whichever comes first.
Nothing in life is free.
