James Dudley

Ki,

I usually don't reccomend buying condo's because of the difficult resale. Druid Hills is an exception. There are many older condo's in that area so be picky about the condition, location, & overall status of the complex.

I worked in the Druid Hills area for many years and know the area well and the potential for resale there.

Let me know if I can help you in any way or give you my opinon on the development you are considering.

James Dudley
ERA Sunrise Realty
678-781-7418
james.dudley@era.com - Yesterday, 17:43

Nadia,

I'm not an attorney, but my wife is a real estate attorney here in Georgia. You may need to allow them the 7 day unilateral extension before you can terminate, but all contracts are different and I'm sure that there are special addendums that apply to your deal.

If you know who the closing attorney is they are the ones doing the title work and you should be able to call them and find out what is going on. Clearing Federal Tax leins can take some time to get worked out. You know how quick they pave roads!

If you don't have an agent or attorney working with you I would advise that you hire someone to review your documents before you terminate. Your earnest money is at risk I'm sure.

Feel free to contact me if you need assistance.

James Dudley
ERA Sunrise Realty
678-781-7418
james.dudley@era.com - Wed May 14 2008, 13:01

Shawn,

It's a great time to invest in your real estate portfolio. Home rentals are becoming more and more popular with the difficulty for so many to obtain financing.

The most important thing when renting property is to make sure you have enough to cover mortgage payments until the home is occupied.

I would be glad to send you some properties to consider in your price range. Downtown Atlanta may not afford you as many opportunities to purchase a home in your price range, but as long as the location is close to busy areas it does not matter where it's located as long as you keep it rented.

Feel free to contact me with your information and I can get to work for you today!

James Dudley
ERA Sunrise Realty
678-781-7418
james.dudley@era.com - Wed May 14 2008, 12:50

Lupita,

Marian is right!

A Market report will give you a good grasp of what homes are really worth in the area you are buying in.

In addition get your realtor to pull the tax records for the home to see what the seller paid for it and how long they have owned the property. You can use average appreciation rates and apply them to their original purchase price.

Have your realtor suppy all of this information to the listing agent when you submit your offer. Sometimes the sellers agent can have a hard time letting their client know their home is overpriced and your agent has to help them along.

A good agent is like a lawyer sometimes. You are hiring them to find out the facts, build your case, and submit the evidence. This way you can be confident you made a great deal on your purchase and if it's not a great deal you can walk away with confidence as well. - Wed May 14 2008, 08:57

Lots of what??

Sorry I couldn't resist! Your best bet is to target the areas you want to look at. I'm assuming you may be looking for lots for a builder to purchase and build on.

Search the tax records find out who the property owner/ Developer is and contact them directly regarding selling some of their lots. Many developers will require that a minimum purchase be made 5-10 lots by a single builder to maintain consistency if this is in a subdivision. - Wed May 14 2008, 08:45