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The Second Wave

It's a testament to the quality of 60 Minutes that nearly 2 years after it was first recorded in December of 2008 this 12 minute prediction of what will come to pass has ... well ... come to pass.

We're entering the 4th quarter of 2010 and we are, without a doubt, heading right into the second wave of the Atlanta Foreclosure crisis.

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Atlanta Foreclosures for September 20th 2010

All right. All right. All right. It's Tuesday, September 21st 2010, and we've got fourteen (14) new Atlanta foreclosures and short sales to hit the market in the last 24 hours. A little something for everyone in today's episode. If you're looking for a solid deal in a great neighborhood you should check out this episdoe. Investors might want to take a closer look as well.

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Foreclosures for September 18th & 19th

All right. I'm back with the weekend listing activity where I cover all the latest Atlanta Foreclosures and Atlanta Short Sales. As usual, we've got light activity over the weekend with just three (3) properties to hit the market.

And they're all worth a closer look...

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Foreclosure Weekly Review

It's been a crazy week in Atlanta real estate and I've had to take a few days away from the regular recording schedule. Fear not. I'm back. And I'm here with a weekly recap of the last week in Foreclosure and Short Sale listing activity.

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Price Is How Much You Pay

NY Times reporter, David Leonhardt, shares some interesting insight on the connection (or disconnect) between Mortgage Rates and Home Prices.

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It’s not easy to see much of a relationship.
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My best guess for why the two don’t correlate more closely is the role that psychology plays in housing markets. Prices just don’t move as quickly as economic theory suggests they should.

Not really, David.

The market, for all it's recent folly, is a generally rational experience. And buyers, for all the talk of the "emotional purchase", make rational distinctions.  For instance: The price is how much I pay for a house. The interest rate is how much I pay for financing.

In today's REO (bank owned) driven market -- many buyers pay cash. Would a cash buyer pay more because interest...

"Plan B": What To Do When Your House Won't Sell

The most successful people are those who are good at Plan B."

Statistics show just 1 in 3 sellers who list their Atlanta home for sale today will successfully sell within a normal 90 day market timeframe.

I'm not foolin'… the facts are 1 in 3.

So what happens if you're one of the 66% who can't sell?

Well ... you go to "Plan B". 

Here's a quick list of options for sellers who simply can't stand having their home on the market for another day, henceforth known as "Plan B".   I will touch on them here and provide detailed explanation of each option in subsequent posts.

"Plan B" #1: Stay Put

Here's a fact:  on an average week I meet with 5 to 6 potential sellers.   These are people who want to sell their homes.  Of those I meet with ... at least three decide not to sell after talking with me.  The first words out of my mouth when meeting with a seller?  If you don't have to sell ... don't...

Insider Tips to Buying Your First Home

I recently purchased my first home. I thought I'd share my experience and, hopefully, offer a little perspective, advice and a couple key lessons I've learned as an "insider". The process was quick and easy for me. I found my 15 favorite homes online. We (my buyer's agent and I) took 2 days to look at them all. Out of that 15 I picked my favorite 5, saw them once more and then wrote a contract the next week. Why do I share this? Because I want you to know how convenient buying a home can be when you have the right agent, or in our case, the right team on your side. That brings me to a few key lessons I've learned along the way...

Insider Tip #1 - Chill Out...

Buying a home should be a fun and exciting process. Don't let anxiety and fear rule you while looking for your home. Yes, buying can be an emotional time, but its important that you don't let that emotion take over. Its crucial that you have an expert buyers agent on your side and its even more important that...

Mad Men for Labor Day

Your compensation for doing your job comes in the form of -- wait for it -- compensation.

Novel concept, ain't it?

Oh ... by the way ... if you don't watch AMCs hit drama; you should.

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Atlanta Foreclosures for Friday September 3rd 2010

It's Thursday, September 2nd 2010 and welcome to today's episode of IntownDailyForeclosures.com

We've got a shorter list than usual for Friday, but there are a couple good properties that have come on the market and I always recommend digging through the archives on my blog to see if anything in previous episodes is of interest.

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August 2010 Distressed Property Market Recap

We just completed our first full month of programming here at IntownDailyForeclosures.com and RealSourcebrokers.com so I thought I'd do something a little different to finish out the month of August. So as part of my ongoing comittment to provide the most comprehensive and up-to-date analysis of the foreclosure and short sale market here in Atlanta I'm providing this recap of the listing and sales activity in in the distressed market for August 2010.

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