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Market Conditions in 30024 : Real Estate Advice

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  • Local Info8
  • Home Buying22
  • Home Selling3
  • Market Conditions4

Activity 4
Sun Mar 25, 2012
Aroofguy answered:
any changes in demographics and inventory, particularly east of 85 Suwanee?

Are things looking up since 2007?
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Wed Jan 25, 2012
Solomon Greene answered:
Sorry Desperate, It reads right there "jumbo loan," so it Harp will not likely apply. Still think you should contact NFCC.org for guidance, but a short sale might also be an option if things move in that direction. Please let me know if things move in that direction. There are professionals in my office who do only that type of transaction, have the connections with the various lenders and can help you navigate the process smoothly.

Solomon Greene
REALTOR® Keller Williams Realty Atlanta Partners
(678) 775-2677
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Fri Aug 26, 2011
Janelle Burns answered:
Hi Other/Just Looking,
I am actively showing homes in both areas, and will be happy to share my knowledge with you. Please indicate what price-point you are seeking. Please call me at 404-219-6033 or email JanelleBurns@kw.com to discuss your housing needs, and I will be happy to provide you with some options that meet your criteria. Regarding the schools: the correct web site is www.greatschools.org where parents give their opinion of the schools their children attend. You may also visit the actual county web sites....cobbk12.org and review Test Scores located on the left side, and Awards and Honors under The District tab along with more information about Cobb County School offerings. Gwinnett County information is located at www.gwinnettk12.ga.us and also provides information on Awards and Testing. How we value our child's educational opportunities differs from parent to parent, and can also be influenced by ethnic and cultural traditions. Each county provides their version of educational opportunities, as well as opportunities for athletic achievement and personal expression within the Arts. How your child learns is a critical component to be considered, also. The State of Georgia has its informational web sites: www.doe.k12.ga.us AND georgiastandards.org AND thinkfinity.org. Looking forward to hearing from you and share a smile today! ... more
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Sat Oct 4, 2008
Deryk Harper answered:
Raj,
I am curious. Where are you in Atlanta that your property value has not dropped? I have done comps for months all over the north metro area and I find that values have dropped 4-10% everywhere I look. I would love to take my Buyers to an area where values have not dropped.

As far as the loan goes Cameron has a good point about the cost of refinancing. But, like Cameron suggested, that math only works though if the ARM were to stay at 6% or less. If the rate on the ARM were to rise significantly after the 2 year period, which it definitely could, then you could end up in much worse shape financially at that time.

If it were me, and I have become much more conservative over the past couple of years, I would want to lock in to a fixed rate and not have to worry about market fluctuation. Even if I planned on selling near term there is no guarantee that I can get the price I would want, or a qualified Buyer, in the current economy.


I also agree with Elo that you don't want to do this with just any lender at this point. Make sure you do your homework and get references from the lender and examples of recent successful loans they have brokered. Talk to others that have just closed loans with this lender. The may be rushing you because credit and available capital to lend is questionable and may not be available soon or it may just be because they have not had much business and they need a paycheck.

Good luck to you whatever you decide.
Deryk
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