Hey Michelle, I'm glad to help.
Regarding your questions:
Why has it been in transition for close to 10 years? I don't get that and I was hoping that the local realty pros here could help me understand. (GH) I would definitely recommend finding a professional realtor that has worked the area during at least the last eight years and can give you the straight goods. I've seen Ramiro Garcia
http://www.dwellintown.com/ on here and he has made some comments indicating he knows the area pretty well. ERA Baker Group (East Point) also works the area. Another realtor that deals with a lot of REO homes is Rick Hale. My feeling is that the area was ripe for transition in the early 2000's when the real estate market was taking off. The speculators, flippers and fraudulant mortgage groups moved in and drove up the prices (and taxes) and the area was really starting to show signs of improvement. Alot of that ended with the subprime crisis. Now its difficult for people to get mortgages and buy homes as the 30310 zipcode is one of the worst for foreclosures and mortgage fraud in GA.
Also there don't seem to be any big box grocery stores, restaurants, or retail shops nearby...is this part of the reason? Is it because of the neighborhood's location around railway and other industry? (GH) Its all about demographics with these kinds of companies. My guess is that they just havent seen enough momentum/penetration in their target audiences to warrant investment. Chicken and Egg kind of thing. Its definitely one of the downsides to the area as there is no central retail district like East Point or College Park.
I'd really like to know what I'm missing so that I can make an informed decision. It seems that I don't have all the facts. (GH) I understand. It takes time. Find as many experts as possible and do alot of research. I really believe the area has tremendous potential if you can handle a few years wait to get a major payback.
One last point - I believe Capitol View has a neighborhood association that meets on a regular basis. It might be worth looking into.
- Thu Jul 10 2008, 12:46