Lee Adkins

Shayn -
Excellent question. Overall, Forsyth schools, taxes and quality of living are, of course, excellent.
I think you really have to look at specifics to get accurate answers to your question.

Most notably, are you talking about a subdivision? When were the property/properties built? What school districts specifically?

North Atlanta has not experienced as much a decline in prices, but a slowing (or near stopping) of appreciation.
If you are a buyer and a seller and buying up, you can still be in a good position - for example, taking a 3% loss on a $200K property and getting a 3% off market on a purchase of $400K+ will get you a good deal of course. Bear in mind, this is not list price we are talking about - more so actual market value of the home.

I don't think that people are going to stop moving or relocating to 30041, 30028 or 30040 anytime soon - and I think it's safe to say that none of us anticipate the bottom dropping out like in Florida, California, Las Vegas, Detroit, etc.

I hate to give you such a typical Realtor answer, but desirable areas and properties and neighborhoods will always be in demand as long as people stay reasonable and buyers can get mortgages!

That said, there are caveats - new construction where homes haven't been completed, subdivisions with no HOA regulations, rezoning/redistricting of schools. As a seller, you need to consider who your buyer pool is; do they have children? young professionals? What is the age of the home?

If you like, I would be happy to get you some more specific answers based on more specific information directly. I'm sure if you post some more information here, you will get some great answers as you will find some of the best agents in the area are on Trulia and happy to help you. I don't think it safe to give you a "by zip code" answer and get you accurate information.

Best of luck to you!!

Lee
leeadkins@remax.net
404 966 3247 - Sat Nov 15 2008, 06:17

David -
Correct me if I'm wrong...
Are you offering up information on such properties??

The answers here are as if you were looking to purchase them, but it appears to me that you are with Keller Williams and in the business of listing such properties.

I would be interested in receiving information specifically on commercial REOs that I could pass along to certain people that could have an interest. You can email me directly at leeadkins@remax.net

Thank you!

Lee - Sat Nov 15 2008, 05:35

Try Paul Addison at Waterside Lending (Mortgage Broker) I've seen him do some amazing stuff!

Phone: (770) 667-1616
pauladdison@watersidelending.com

Best of luck to you!

Lee
leeadkins@remax.net - Thu Nov 13 2008, 19:06

Cindy -
Did you get the link I sent you?
I sent you a link to the property that will update automatically when the property updates in the mls service.
Which is what every person here answering your question is going to to see.

The only other means of telling if/when it closes are the tax records and they will take longer to update in Fulton county then in the mls service.

Your only other bet, IF you had contacted the listing agent before - I'm assuming you are unrepresented - then you can reach out to them for details.

Best of luck!

Lee - Tue Nov 11 2008, 08:58

Yes - welcome Seneca - you will love it here!! Keep posting!!
I was going to suggest that you post this to a larger audience to get more consumer posts -

Rockinblu - I should be clear - you have been fair to those of us who know what we are doing and post legitimate answers here - you're not just one of the anti-agent people who argues for the sake of arguing. Fair in that you actually read what we write and give us a fair chance to prove that some of us are still in business for a reason and maybe even doing well in this market!

Look forward to seeing you all around here more soon - I've been on since September of last year and have enjoyed watching it grow!

Until... - Sat Nov 1 2008, 17:28

Seneca -
I have to agree with the previous posts! Rockinblu has some great insight and is very fair to agents here on Trulia. Delivering useful information to people shows that you are knowledgeable without being pushy.

I personally don't mail as much anymore, but use an email newsletter to provide (what I believe to be) useful information about our area and current events - and generally not as much about real estate. Things like weekend trips, festivals, Art collections, etc. OF COURSE, I have my under contract and recent sales and links to my website for real estate info. The average consumer now is much more informed thanks to sites like Trulia and the massive amount of information on the web.

The only real estate information I tend to include are things like changes to the mortgage market - usually links to news article from multiple sources. No one likes to get the regurgitated NAR stats. I actually get people who CHOOSE to sign up for my newsletter because it provides useful information and doesn't just tell them how great I am.

I think to provide people with information they can use is the best first step to meet people or actually have them call you - rather than the "look at me!" approach.

Best of luck to you! I hope we can get some more answers from consumers like rockinblu and not just people in the industry.

Lee
leeadkins@remax.net - Fri Oct 31 2008, 05:52