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Market Conditions in Decatur : Real Estate Advice

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  • Local Info47
  • Home Buying72
  • Home Selling8
  • Market Conditions19

Activity 22
Sat Nov 22, 2014
Mon tor asked:
Wed Nov 12, 2014
Mary Anne Walser answered:
We're VERY low on inventory right now and so it's well worth your while to consult with an agent or two - we may have a buyer *now* for the place. Conventional wisdom is that waiting until the Spring is best - the problem with this is that the market will be flooded with new listings come March and you'll have a lot more competition. I definitely suggest that you call one of us in to see the place and give you a frank opinion. Depending upon which complex, I may have a buyer now for you. ... more
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Thu Sep 25, 2014
nezithedinosaur asked:
This question was asked from http://www.trulia.com/rental-community/9000004391/Oak-Tree-Villas-3465-Kensington-Rd-Decatur-GA-30032/
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Thu Jul 10, 2014
ak8shea answered:
Not close at all. It is in NE DeKalb Co. and Memorial Drive runs through the south part of DeKalb Co. Approximately 10 miles away from this condo.
0 votes 1 answer Share Flag
Sun Jun 15, 2014
marla tronetti asked:
This question was asked from http://www.trulia.com/rental/3099765360-3242-Deer-Pause-Ln-Decatur-GA-30034
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Wed Jun 11, 2014
jtamia2004 asked:
This question was asked from http://www.trulia.com/rental/3158494655-3862-Wedgefield-Cir-Decatur-GA-30035
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Wed Mar 26, 2014
Kirsten Wellborn answered:
Hi Hope,

This property is under contract, but the HOA fee is $150/month.

Kirsten Wellborn
Garrett Realty, LLC
404-867-5662
0 votes 1 answer Share Flag
Tue Mar 25, 2014
Hope Howson asked:
This question was asked from http://www.trulia.com/property/3080137094-4922-Walden-Lake-Sq-Decatur-GA-30035
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Tue Mar 11, 2014
Antrion Chambers asked:
This question was asked from http://www.trulia.com/rental/3142553814--Whites-Mill-Rd-Decatur-GA-30032
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Tue Nov 19, 2013
Keith Jean-Pierre answered:
I would suggest calling the tax department for the township to obtain this information.
0 votes 1 answer Share Flag
Tue Nov 12, 2013
Lisa Crowder answered:
To find the schools to which any home in unincorporated DeKalb county is districted, just go to:

http://www.dekalb.k12.ga.us/transportation/school-locator

and input the street address of the property. :) ... more
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Sat Oct 5, 2013
Jimmy Payne answered:
According to the listing which stills available, it is $250/month. Are you still interested in it?
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Sun Sep 15, 2013
Kaylane Peters-Davis answered:
Hello Dwight if you help purchasing this home or any other i'd happy to help contact me 404-907-0798
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Sun Sep 1, 2013
Kaylane Peters-Davis answered:
Hello Michael Id be more than happy to assist you in purchasing this condo. Contact me. Kaylane Peters. Coldwell Banker South Gwinnett. 404-907-0798. Kaylanesellsluxury@hotmail.com ... more
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Wed Aug 7, 2013
Sherrie Crow answered:
Hello Yvette,

The high school for this address is Decatur High School. Decatur High is the only high school in the sought-after City of Decatur school system.

Unfortunately, the particular home you are looking at is not for sale. However, there are several nice townhomes that are available in this district. I would be glad to give you more information if you would like to give me a call on Thursday morning.

Cordially,
Sherrie Crow
Keller Williams Realty Metro Atlanta
Cell 404-790-8184
... more
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Wed Dec 12, 2012
Michael Hammond answered:
It appears there is no HOA or Recreation Fee with the homes in Riverside Station, Cindy. Please call, text or email if we can provide further assistance. Good Luck!

Michael Hammond
SellsRealty@gmail.com
404-538-5499

http://www.georgiamls.com/agentsite/index.cfm?SiteID=HAMMONDJOHNM

http://www.chapmanhallprofessionals.com

http://www.SellsRealty.org

http://www.city-data.com/

http://www.greatschools.org/
... more
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Sun Nov 18, 2012
Phil Rotondo answered:
MARTA has a station at Rainbow and Whirlaway Drives......
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Fri May 11, 2012
Kale Wright answered:
Tony,

At present, asking how the market is doing is akin to asking how people all across the state how the weather is. I'm working with one buyer who has made offers on 5 different homes and lost all of them to a higher bidder - even when offering significantly more than the listing price. One friend of mine responded to a call for "highest and best" with an offer that was $37,000 over list price and still lost out. On the other hand, I'm working with a seller who bought their home in 2008 for $300k, and we'll be lucky if we can get $170k for it today.

The prices are so low for, as Hank put it, too many variables. If you're familiar with the "Broken Window Theory," having a substantial amount of vacant homes in the area has wide-ranging repercussions. Obviously no one wants that to happen. As a result, there is pressure to get people into these homes for the benefit of the community.

Another key component is that, in many cases, Fannie Mae bases their funding for loans on the liquidity of the lender. If the REO (A fancy term for foreclosures, because they fall on the balance sheet under the line item "Real Estate Owned") portion of a bank's assets exceeds a certain ratio when compared to the bank's more liquid assets, Fannie Mae will not approve funding for future loans. Since the bank makes their money off the loans, being unable to write them has a HUGE crippling affect, so the banks are forced to get the REO off their books at whatever cost they can so they can write new (and hopefully better, more profitable) loans. To summarize, neither the area nor the properties are failing - it is a joint effort to increase home ownership & not leave the banks/the government holding the bag.
... more
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Wed Apr 13, 2011
Joseph Runfola answered:
Those who have knowledge, don't predict. Those who predict, don't have knowledge.
0 votes 5 answers Share Flag
Sat Jul 17, 2010
Sally English answered:
Kudos to Richard for a nice answer. I would add: Major empoyers Emory University and Centers for Disease COntrol have kept the market stable in Decatur and Northeast Atlanta. Job stability has meant fewer forced sales and foreclosures. Decatur is not immune to the ups and downs of the National real estate market but it has been buffered by these large employers who have not had to downsize. ... more
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Market Conditions in Decatur Zip Codes

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