I live on S. Howard Street in 30317. I've owned this home for five years. It's renovated, 2bd, 2ba charming bungalow. Should I hold onto?

Asked by Row11, 30317 Thu Sep 1, 2011

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12
Tanya Demjan…, Agent, Atlanta, GA
Tue Dec 10, 2013
I lean towards advising you hang on to the property, *if* it is not a hardship. Howard is one of the most desirable streets in Kirkwood.

Here are a couple of links you may find useful.

The first is a link to an article from the National Association of Realtors, which predicts that in 2014, Georgia is one of the states where housing inventories will continue to be tight and home prices are expected to increase at a rate higher than that of other states.

http://realtormag.realtor.org/daily-news/2013/12/09/housing-…

This is a link to a nifty Zillow tool which allows you to compare historical home price data for different Intown Atlanta neighborhoods. I thought it might help you feel encouraged!

http://www.zillow.com/local-info/GA-Atlanta-home-value/r_37211/#{

- Tanya
0 votes
Scott Askew, Agent, Atlanta, GA
Tue Sep 6, 2011
Based on what you have stated, I would probably hold on to your property a few more years.
0 votes
Row11, Home Seller, 30317
Tue Sep 6, 2011
Thanks everyone for your replies. I'm not struggling to pay my mortgage, just didn't intend on staying in this starter home for more than five years, and now that time has come and gone. I am simply trying to determine if realtors that are familiar with this area expect the market to improve over time or should I get out once I can break even. I understand that no one has a crystal ball, but if it were your home, what would you do? Thanks!
0 votes
Lee Taylor, Agent, Decatur, GA
Thu Sep 1, 2011
I like Parkview for many reasons and I would hold property on South Howard for many reasons, however, I don't know your reasons for asking this question - I suggest that you invite me over for a more detailed opinion - I'll be driving down South Howard in about 20 minutes on my way over to EATL, so I am available - if not today, some other time in the next 5 years...
0 votes
Frank Brockw…, Agent, Atlanta, GA
Thu Sep 1, 2011
Row,

This question seems like you may be struggling with your current mortgage and are considering your options. Unless you put SIGNIFICANT money into the home you are more than likely under water. I help people in these circumstances every day. Eastside Intown is my bread and butter. Please let me know if I can help you sort through the situation.

Best Regards,

Frank Brockway
Brockway Real Estate Consulting
Keller Williams - In Town Atlanta
Tel: (404) 787-2253 | Fax: (404) 974-2616
Email: frankbrockway@kw.com
http://www.frankbrockway.com
Web Reference:  http://frankbrockway.com/
0 votes
David Herren, Agent, Atlanta, GA
Thu Sep 1, 2011
That all depends on what your real estate objectives are. Unless you got a super deal when you bought and have not put much money into the property you will likely lose money if you sell now. On the other hand, if you just want out and want to put the money somewhere else even if you lose money on the sale, that is a different kind of decision.
It could be anywhere from 2-5 years before we see significant improvement in property values, so you may want to hold on to the property. Have you considered renting the property? If you live there, do you have a compelling reason to move?
You always have options. Give me a call if you would like to discuss them.
0 votes
Brian Maguire, Agent, Atlanta, GA
Thu Sep 1, 2011
Only sure way to tell is to research your specifics, then decide based on your situation if you should move or not. My "canned" response is to not sell unless you have a compelling reason to. But you may have significant equity, and be moving to an area that makes financial sense. Talk to some professionals and get some advice.
Web Reference:  http://buy-Atlanta.com
0 votes
Sarah Moore, Agent, Atlanta, GA
Thu Sep 1, 2011
If you would like to discuss the value of your home, please feel free to contact me. I know this area very well and can answer any questions you might have.

Sarah Moore, REALTOR®
Keller Williams Atlanta Midtown
Cell: 678-641-7925
Fax: 404-604-3113
Web Reference:  http://www.sarahsoldme.com
0 votes
Greta Thomas, Agent, Atlanta, GA
Thu Sep 1, 2011
You live in a desirable area so I guess it all comes down to what your house is worth today should you place it on the market. I think probably you would want to have an agent provide you with an estimated market price of your home and maybe then you can determine if it is best for you to sell or hold.
0 votes
Jon Huff & R…, Agent, Decatur, GA
Thu Sep 1, 2011
Hi Row11,

I think the answer would depend on your motivation and current situation. You may be able to sell at a profit, but obviously a careful analysis would be needed.

Hopefully the real estate market is stabilizing and values will rise over time, but as the last person responded, we can't predict the future.

I've lived in Kirkwood since 1995. I would be happy to talk to you about current values. Let me know if you're interested.

Best,
Jonathan Huff
http://www.homesforatlanta.com
Keller Williams Realty Metro Atlanta
m 404-492-7804 .:. f 678-815-0955 .:. jon@hfatl.com
0 votes
Scott Askew, Agent, Atlanta, GA
Thu Sep 1, 2011
Contact 2 or 3 agents who have experience working in your neighborhood and ask them for an evaluation. Then you will know if selling now is a good move for you.
0 votes
Anna M Brocco, Agent, Williston Park, NY
Thu Sep 1, 2011
Unfortunately none of us can predict the future; to hold on, or sell, is a decision only you can make based on your personal circumstances....
0 votes
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