Atlanta Real Estate Investing 
Atlanta real estate investing advice, market insights, economic evaluation and Atlanta Real Estate for short term speculators and long term real estate investors. We specialize in REOs, foreclosures, bank owned property and wholesale real estate listings.
There are currently 38 blog entries related to this category.
Looming Disaster?
Tuesday, January 6th, 2009 at 10:56pm. 10 Views, 0 Comments.
I'd recommend for anyone who cares about the future of our troubled economy to take 30 minutes today and watch the video below. It's a shocking wake-up call that snapped into sharp focus the brutal world that my 3 year old daughter will inherit. And it explains - with amazing clairty - the national debt, the foreign trade deficit, the decrease in personal savings, how the prime interest rate works, and the weakness of leadership in our country - past and present politicians included.
So...where do we go from here?
The United States is on economic life support and is probably going to go broke during my lifetime. My advice? Learn Chinese. Don't buy what you can't afford. Make smart, calculated decisions with your investments and retirement…
Predictably Irrational
Friday, January 2nd, 2009 at 5:00pm. 17 Views, 0 Comments.
I just finished reading a book called "Predictably Irrational", by Don Ariely. In it, the insightful Duke Univerysity professor unveils the hidden, irrational forces that shape our daily decision making. It's a great read
There are a few interesting case studies in this book that can be applied to real estate marketing and negotiations. Specifically, Chapter Seven (The High Price of Ownership) covers what is commonly referred to as "The "endowment effect". Simply put, "the endowment effect" means that when we own something, we begin to value it more than other people do.
The High Price of Real Estate Ownership
There are three fundamental "quirks" of human nature as it applies to real estate:
- We fall in love with what we already have. Meaning,…
Decatur GA Real Estate
Monday, October 13th, 2008 at 9:20am. 214 Views, 0 Comments.
The above chart represents a year over year statistical comparison of the Median List Price and Inventory levels for the City of Decatur (30030 Zip Code).
You'll immediately notice the steep decline in inventory levels starting in July of this year. You'll also notice the median list price of home for sale has dropped from a peak of around $380,000 a little over a year ago to now hovering around the $355,000 to $360,000 mark.
Certain Measures for Uncertain Times
Thursday, October 2nd, 2008 at 7:54am. 160 Views, 0 Comments.
"Don't wait to buy real estate. Buy real estate and wait..."**
**chiasmusI heard this from a colleague the other day and it gave me pause. What a simple, yet profound way of describing how to buy real estate in the current market.
If you wait to buy real estate you may find that you're buying on the upswing of a market that has already hit bottom. Better to go ahead and hop off the fence, buy some real estate and wait for time to make you a genius.
Slow-Market Approach to Pricing a Home
Sunday, September 21st, 2008 at 9:33am. 223 Views, 0 Comments.
The Science of Pricing Real Estate
I often tell my clients pricing a home is NOT an "exact science". And that axiom is more true today than ever before. If you want to sell in this market, you have to be prepared to "make the market" rather than "chase the market." And that might mean pricing your home 3% to 5% below the most recent sale in your neighborhood.The other option is to price it at market value and wait.
And you could be waiting for a long time.
Secrets to Creating Irresistible Demand for Your Home
Saturday, September 20th, 2008 at 9:27am. 209 Views, 0 Comments.
How do you get your home SOLD in one of the toughest real estate markets since...well...forever?
Simple. Set a competitive price at before you go on the market and hire an aggressive agent to get qualified buyers through your front door. Seems obvious, but you’d be surprised how many agents and sellers don’t know this.
I explain it to all my clients - an attractively priced home pulls in buyers. And in this market, with price pressure from foreclosures, short sales and highly motivated distressed Sellers...this could mean you have to price your home below market value.
I know that's a tough situation for most folks...but let me remind you, more buyers equals more competition. And more competition means that your home will actually sell -…
Socialism and the New America
Friday, September 19th, 2008 at 11:41am. 160 Views, 0 Comments.
$700,000,000,000.00
That's a lot of zeros.Why Overpricing Doesn't Work
Thursday, September 18th, 2008 at 3:39pm. 171 Views, 0 Comments.
I talk with a lot of potential clients who believe that overpricing will work to their advantage because it will give them ‘bargaining room.’
And when I run into sellers who want to overprice their home, I tell them that although overpricing in a rising market may be appropriate, no one has ever been successful by overpricing in a falling market.
Leaving room to negotiate down on your price isn’t as valuable a negotiating tool as bringing in a greater number of highly motivated buyers.
Market Meltdown
Monday, September 15th, 2008 at 9:49pm. 160 Views, 0 Comments.
"Buy at the sound of cannons. Sell at the sound of trumpets."
The stock market is in the "toilet" and real estate is in the "crapper".Might be a good time to buy. I hear cannons
Higher Power
Saturday, September 13th, 2008 at 2:56pm. 64 Views, 0 Comments.
One of the driving mechanisms of real estate values is the little known concept of "Buying Power". In real estate, buying power simply refers to the amount, or quality, of home you can purchase with your monthly payment dollars.
The reason we saw the real estate bubble occur (and it's subsequent collapse) had everything to do with the increased buying power of the consumer. The expansion of the credit market into the subprime arena (aka "credit challenged") - folks who might not have otherwise been able to get financing for a home were able to enter the market as first time buyers. This, combined with historically low interest rates, predatory "teaser" rates and cartoonish "1 year interest only" loans allowed buyers to stretch their dollars even…
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