Sally English Atlanta Real Estate: Georgia

Sunday Open Houses August 1st: Northlake Mall Neighborhood Atlanta Georgia

Open from 3:00 till 5:00 pm

Immaculate Traditional

3088 Rockaway Road

Atlanta GA 30345

Off Chamblee Tucker Rd near Embry Hills

$ 319,900

¨ 5 BRs, 3.5 Baths. Lots of renovation.

¨ Family room addition. Walls of light.

¨ Master bath gutted and rebuilt.

¨ Full finished basement: inlaw / rec room

¨ Rainbird irrigation.   New carpet.

¨ Evansdale ES, Lakeside HS

 Click HERE for detailed information, 25 photos, driving maps and lots more information.

Mediterrean Influence 

2439 Henderson Mill Road

Atlanta GA 30345

Near Northlake Mall

$ 275,000

¨ 3 BRs, 2 Baths. Private back yard.

¨ Hardwood floors throughout.

¨ Soaring volume ceilings.

¨ Updated Kitchen: granite, appliances.

¨ Massive basement ready for finish.

¨ Henderson Mill ES, Lakeside HS

 Click HERE for detailed information, 25 photos, driving maps and lots more information.

Call Sally English and The English Team at Remax Executives for more details and information: 770-939-3174.  We specialize in homes convenient to Emory and CDC.

DeKalb County Georgia in metropolitan Atlanta has passed a new ordinance requiring creditors to register foreclosed properties with the County.  Connie Stokes, the commissioner who drafted the oridinace says the registry "will require financial institutions to maintain the properties and prevent blight."

DeKalb County Georgia Requires Lenders to Register Foreclosed Properties

The registry will contain the owner's name and owner's contact information.  Each property registered requires payment of a $175.00 fee.

Properties and contact information will be available online to anyone in 90 days.

Commissioner Stokes, who is a real estate broker, says "This is not to be a penalty to financial institutions.  This is to make sure they know they have to take care of these properties."

Short sale in Glenrose Subdivision off Henderson Mill Road near Northlake Mall.  Priced belwo market because it must be under contract in 30 days.  Lender iniitiated short sale transaction to avoid foreclosing on this property.  Extra nice 4 BR 2,5 bath home with updated kitchen.  Volume ceilngs.  Looks great inside and out.

Must Sell in 30 Days to Stop Foreclosure: 3411 Glenrose Trail Atlanta Georgia 30341

Priced at $209,900

Henderson Mill Elementary School

Henderson Middle School

Lakeside High School

Easy commute to Emory, CDC  and VA.  Inside I-285. Shopping, restaurants and services nearby at Northlake Mall.  MARTA bus stop in front of subdivision.

Soaring volume ceilings throughout home. 

Call Sally English and the English Team at 770-939-3174 to see this home or others in the neighborhood.  We specialize in homes convenient to EMory and CDC.

Have you reached the end of your economic rope?  Many Atlantans have experienced loss of income and do not have the ability to make mortgage payments.  Does this mean foreclosure is inevitable?  Maybe not. especially if you are willing to communicate your situation with your lender.

Short Sales Offer An Alternative to Atlanta Foreclosure

When overwhelmed with unpaid bills and mortgage payments, the natural tendency is to stick your head in the sand and hope it will all go away.  Not going to happen, when you finally pull your head out of the sand you will find all the bills, bill collectors, lenders and banks are standing right next to you ready to collect and make your life miserable.  You do have options.  You can sell your home as a short sale and have the lender reduce the amount you owe on your loan.

Short sales do require you to communicate with your lender and provide documentation of loss of income or other reason you can't pay your mortgage payment.  You can;t just decide you don't want to pay the mortgage.  You have to be unable to pay.  And you have to provide documentation to the lender including bank statements, IRS returns etc.

Once you have contacted your lender, things will go a lot smoother when you list your home with a CDPE (Certified Distressed Property Expert) and give your bank permission to communicate with the Realtor.  The bank then starts a line of communication up with the Realtor about the listing, the terms of the sale, the approved price etc.  You don't have to deal with all the details.  The bank and real estate agent pick it up from there.

Just making the decision to move forward with a short sale gives many home owners emotional relief.  You are carrying around a lot of unnecessary baggage and anxiety because of the unpaid mortgage payments.  Give your self a break and start the process of recovery.  Thousands of homeowners nationwide have made the same decision and have now put them selves in a position te re establish their credit and bank balances.

Check our website, Helping Atlanta Families in Foreclosure, for more information.

We have lots of detailed info about foreclosures and short sales including articles about

1. Avoiding Foreclosure in Atlanta

2. Atlanta Short Sales Take Determination, Persistence and Patience To Successfully Complete

3. Tough Decision: Loan Modification, Short Sale or Foreclosure

4.  Sellers Facing Foreclosure or Short Sales Need Real Estate Agents With Proven Track Records

5. Sally English Is A Certified Distressed Property Expert (CDPE) 

Sally English holds a CDPE certification, is a member of Short Sales Super Stars and has successfully completed many short sales in the metropolitan Atlanta area.  Lenders we have encountered include Bank of America, Chase, Sun Trust, Wells Fargo, WaMu, Wachovia and more.  Call us at 770

The Atlanta Job market just received some bad news.  Our job market is poor.  Atlanta jobs are scarce. 

 The Atlanta Business Chronicle makes the following report:

"Georgia has the sixth-weakest state economy, according to a midyear review of state employment trends by Portfolio.com and bizjournals, the Internet arm of American City Business Journals, parent company of Atlanta Business Chronicle.

This year's study puts Nevada in 51st place, dead-last among the 50 states and the District of Columbia. California ranked 50th, followed by Florida, Michigan, Rhode Island and Georgia.

The study gives Georgia a -9.32 score for employment, pointing out the Peach State lost 74,600 jobs from 2009 to May 2010. The state now has 3,139,200 private sector jobs and a 10 percent unemployment rate." Atlanta Busines Chronicle July 28, 2010

NO JOBS = NO HOME BUYERS

NO HOME BUYERS = SUCKING Atlanta real estate market

Jobs are my go to economic indicator for how the real estate market will perform.  When the job market in Atlanta improves the Atlanta real estate market will improve.

People are not motivated to buy a home until they have a secure job and steady income.  No indicator is more important to the housing market than employment statistics.

Are you a home seller or potential home seller?  Are you facing foreclosure?  Sally English and The ENglish Team at REMAX Executives can help.  We have assisted many families as they sold their home to avoid foreclosure.

Check out our website for details: Helping Atlanta Families in Foreclosure

Call Sally at 770-939-3174 and I will walk you through the short sale process.  It is intimidating but I can guide you through the process.  We have successfully marketed, sold and closed short sales in the Atlanta Market. 

Sally English and The English Team offers candid and honest advice to distressed home owners.  We do not sugar coat the realities of the present real estate market.  But we are sensitive to the the emotional impact of the real estate market and the anxieties it creates amond home owners.  The sooner you address your economic situation, the sooner you will be on the path to economic wellness and peace of mind.

English Team clients have been loading their shopping carts this week with deeply discounted houses from the national bargain basement sale.  Foreclosures, estate sales and fire sales have been on the "buy" list for buyers represented by The English Team this week.

Bargain Basement Sale: Are you grabbing items from the sale rack at a deep discount?

If you have ever shopped bargain basement sales at Fellinis, Macys or Richs, you know the excitement of finding a bargain priced sales item in a pile of junk on the sale table.  I have been busy this week writing offers for buyer clients who have found houses they want to buy among the hundreds of foreclosed and REO homes on the market in Atlanta.  Some of these offers will work out, and some will not.  Banks are still not seeing the wisdom in unloading this troublesome inventory.  They continue to sit on houses that depreciate every day as they sit vacant and un wanted in the neighborhood.

Savvy buyers are making bargain basement priced offers on the homes and some of them will walk away with the steal of a lifetime.  Others will walk away empty handed.  It is a property by property decsion for the banks and they have no consistent method in their madness.

Are you thinking about buying bank owned property?  You need to get your finances in order (pre approval letters from reputable lenders are a must) and get in the game. Cash offers are golden if you are looking for somewhere to put the CD money earning about one percent interest. 

Call Sally English and The English Team at 770-939-3174 to find out more about buying foreclosed properties.

We have some terrific houses open Sunday afternoon July 25th between 3:00 and 5:00 pm.  Stop in a take a look at some great options for close in Atlanta living.  Each of these homes is convenient to Emory and CDC.  Both are inside the perimeter and in the Lakeside High School DIstrict.  Both houses in 30345 zip code.

Northlake Sunday Open Houses for July 25th

Newer Style and Finish

2622 Glenrose Hill

$ 289,900

¨ 3 BRs 2.5Baths.

New carpet on 2nd floor.

¨ Hardwood floors on first floor

¨ Kitchen remodel: granite countertops.  /  ¨ Premium Maytag appliances.  /  ¨ Formal LR, DR Plus large family room.

¨ Henderson Mill ES, Lakeside HS

Renovated Kitchen and Masetr Bedroom/Bath

3321 Bolero Drive

NEW PRICE:

$ 349,975

¨ 5 BRs, 3 full baths, 2 powder baths.

¨ Master bedroom suite on main floor

¨ European Wet Room: shower / spa tub  /  ¨ Renovated Kitchen: solid surface tops.

¨ 2 studies/home offices. Fenced Bk Yd  / ¨ Henderson Mill ES, Lakeside HS

Go HERE for driving maps

Call Sally English and The English Team at Remax Executives for more information on these homes  770-939-3174.  Go to the English Team website to search all Atlanta Georgia Homes. 

New Hardiplank Siding (4 sides) and a new Architectural roof make this a low maintenance option for those needing 5 Bedrooms and a Fenced Back Yard. 

Terrific Tucker Traditional Near Brockett Elem: 4198 Oak Crest Drive Tucker GA 30084

¨ 5 BRs. 3.5 Full BATHS.  You will not find a better deal !!!!

¨ North Creek Subdivision.  Tucker Georgia 30084

¨ NEWER (5 yrs): Architectural roof, Hardiplank siding on four sides, water heater, carpet.

¨ Spacious home on a large, private cul-de-sac lot. Fenced and private back yard.  Screen porch, deck and storage building.

¨ FAMILY ROOM has a large brick fireplace with glass doors, gas log lighter, custom mantle, floor to ceiling exposed brick and brick hearth.  Bookshelves and cabinets flank the fireplace.  French door to screen porch.  Open to breakfast room.  Ceiling fan and light.  Double window overlooking screen porch.

¨ KITCHEN features nice white cabinets with ceramic tile countertop and backsplash. Lots of storage.  White porcelain sink with pull out white faucet.  Built in desk.  Pantry closet.  Wood parquet floor.  Door to garage.  Door to DR.

¨ APPLIANCES: GE oven and microwave combination (black glass finish), Jenn Aire electric downdraft, solid surface Cooktop (black glass finish).

¨ BREAKFAST ROOM open to family room.  Wood parquet floor. Chandelier.  Large window.  Paneling under chair rail.

¨ FORMAL DINING ROOM features newer carpet, shadowbox molding below chair rail, dentil molding, stairs to bonus room, cased opening to foyer, door to kitchen. 

¨ FENCED BACK YARD with storage building and large play area.

¨ FORMAL LIVING ROOM: newer carpet, heavy base molding, dentil molding, glass French doors to foyer, Faux wood blinds.

¨ BONUS ROOM BR #5 over garage has a private staircase entrance from DR.  Newer carpet. Window.  Closet.  Shaped ceiling.

¨ BONUS ROOM FULL BATH #3 has a walk in shower, vanity cabinet and sink, vinyl floor.

¨ SCREEN PORCH is a cool and relaxing place to enjoy an outdoor meal or morning cup of coffee.  Door to deck and back yard.

¨ 2nd floor has master BR and bath, 3 BRs and Hall bath on main hall, 5th BR and full bath in Bonus Room wing 

¨ MASTER BEDROOM SUITE has newer carpet, Levelor faux wood blinds, heavy base molding.   Ceiling fan and light, 2 windows.

¨ MASTER BATHROOM features a vanity area with carpet, door to walk-in closet, large white vanity cabinet with simulated marble countertop and vanity sink.  Kneehole desk.  Large vanity mirror.  Wet area has a ceramic tile floor, garden tub with shower above. 

¨ BEDROOM's # 2, 3 & 4 all feature newer carpet and spacious closets.  Mini blinds on windows.

¨ HALL BATH has a white ceramic tile floor.  Tub/shower insert with glass sliding doors. Vanity cabinet with laminate top and ceramic vanity sink.

¨ LAUNDRY ROOM features shelving, vinyl floor, washer and dryer connections.

¨ BONUS ROOM BR #5 over garage has a private staircase entrance from DR.  Newer carpet. Window.  Closet.  Shaped ceiling.

¨ BONUS ROOM FULL BATH #3 has a walk in shower, vanity cabinet and sink, vinyl floor.

¨ FENCED BACK YARD with storage building and large play area.

¨ Shopping, restaurants and services nearby at Northlake Mall and Tucker. 

¨ Easy commute to Emory/CDC, midtown and downtown.

¨ Brockett ES

¨ Tucker Middle

¨ Tucker HS (International Baccalaureate degree)

What are the "Dog Days" of summer? 

"The hottest, most sultry days of summer. In the northern hemisphere, they usually fall between early July and early September. Dog Days can also define a time period or event that is very hot or stagnant, or marked by dull lack of progress. The name comes from the ancient belief that Sirius, also called the Dog Star, was somehow responsible for the hot weather." Wikipedia

I am starting to feel the real estate market has hit it's own dog days.  Stagnant, dull and lack of progress pretty well define what's happening right now for most of the Atlanta market.  We are getting some good showings from motivated, pre-qualified buyers who have to move because of a job relocation etc.  But most of the buyers are staying home and move up buyers have pretty much shut it down for the summer.

Investors are starting to kick tires as the values are amazing.  I faithfully read John Adams column in the AJC and he is spot on in his analysis of the Atlanta market.  We are at rock bottom and prices will not go much, if any, lower. 

So buyers, get out there and buy the real estate deal of a lifetime.  I promise you will find motivated sellers.  They would start drooling and barking if they could get some interest from a buyer in the dog days of summer.  Buyers will get some amazing deals.

These stats just in from REMAX International for June 2010

Number of Transactions

Current Month: 5,651

One month change: -.39%

One year change: -8.25%

Active Inventory

Current Month: 53,694

One month change: 0.93%

One year change: -13.45%

Month's Supply of Inventory

Current Month: 10.2

Days on Market

Current Month: 89

One month change: 0.0%

One year change: -7.29%

Median Price - Sold

Current Month: $140,000

One month change: -2.1%

One year change: -3.45%