The new park in Old Fourth Ward

Things are changing for the better in Old Fourth Ward. Take a look at the new park that has been built and still has more to come. This great park which has a portion of the Atlanta Beltline running through it is just spectacular. It has a Majestic Lake, lots of walk ways, great park benches with plenty of lighting. This is such a beautiful addition to the city.

The park is part of a revitalization effort for the area that connects to Freedom Park. The new addition is bringing great value to the area as well. Recently a multi family project sold adjacent to the park as one of the highest priced sales in Atlanta history. I also recently sold a home on Rankin Street that was purchased for $139,900 then with renovations sold a short six months later for $400,000. Adding to that the new City Hall East conversion that is soon to come: there is a lot to look forward to.

I am so excited about the area as I have sold many homes and condos here over the past few years that it makes me thrilled for my buyers and sellers. Being part of such a great area of town with so much to offer is so rewarding. So, if you know anyone looking to buy or sell in Old Fourth Ward we are here to help at Prime Real Estate. Give us a call at 404-685-3774.

As a resident in Old Fourth Ward myself, I wanted to talk today about a special place called Troy Peerless Lofts. I currently have a one of a kind executive rental in the complex for $2,900/month that is just breath taking. This home is two units combined into one with all the top upgrades that are available.

Troy Peerless was, in the early 1900s, on of the area’s largest laundry facility built of nice red clay brick, steel and glass, this is truly an an exceptional place. In the 1990s it was transformed into apartments for the then developers, Miller Gallman. In the mid 2000s, however the project was totally renovated and turned to a very unique loft development unlike any other in the area.

These homes have beautiful concrete floors, granite counters, stainless steel appliances, italian style cabinetry and so much more all surrounded by a private Iron Gate with private entry. The complex has an amazing roof top pavilion, a fitness center, a business center and even extra on site storage facilities.

With the influx of new activity in Old Fourth Ward, this is one of the most sought after areas of town to live in. This home, in particular, is unlike any other. The area includes the new additions of Freedom Park, the belt line development and soon to be total renovation and reconstruction of the City Hall East/Sears Warehouse property. Come down to Old Fourth Ward to see what all the excitement is about.

Call us today for your personal tour and prepare to be amazed at all the great things going on in this vibrant part of town.

See more at www.atlprime.com or call us at Prime Real Estate – (404) 685-3774

From the top foreclosure listings in Atlanta, reports are that there is plenty more inventory to come. While most of the foreclosures are down across the country according to DSNEWS, there is one exception: Atlanta, GA.

See the full article at: http://www.dsnews.com/articles/foreclosure-rates-in-most-of-top-20-metros-decline-from-past-two-years-2012-01-12

With this in mind, there has never been a better time to buy real estate in Atlanta with prices at an all time low relative to the cost of living index. That is why we are giving a STRONG BUY recommendation to all of our clients at this time.

Whether an investor or homeowner, you can buy more home today for the dollar in Atlanta than ever before. Many of these great deals are fully financeable with low or even no down payments required. This is the opportunity to take advantage of.

In our perspective, real estate is set to out pace stocks or any other type of investment over the next ten years with an unparalleled opportunity for buyers to use calculated leverage for gains they will not be able to see in any other investment vehicle.

For home owners, everyone needs a place to live and buying is now cheaper than renting, plus you get great tax advantages as well. This is a WIN WIN!!!

Call our team at Prime Real Estate today as we are the experts in navigating the foreclosure market and finding the right deals.

Our team leader, Bru Krebs, has been in the foreclosure business for many years and sees this as the opportunity of a lifetime for most buyers. According to Krebs, “the time is now” and “the opportunity is great”. Krebs indicated that he and his team have helped many buyers over the last year get deals even he felt were extremely rare and that in 2012 they planned to help hundreds more benefit from their expertise.

You can contact Bru Krebs and his team at (404) 685-3774 or visit their web site at www.atlprime.com and start your own search.

Just announced yesterday, Fannie MAe (FNMA) has extended it’s seller assistance program to June 30, 2010. This program extends the program scheduled to end on April 30 for two more months to aid in the sales of FNMA foreclosures to the owner occupied home buyer market.

This incentive is a 3.5% credit toward either closing costs, appliances or a combination thereof. Call your FNMA agent at Prime Real Estate for more information 404-685-3774.

Take advantage of your FNMA seller incentives AND your federal tax credit if you are under contract by April 30. See us at www.atlprime.com

With the highest marks in the Foreclosure business and one of the leading bank REO listing team in Atlanta, now is the time to start thinking about that new home or investment property.

According to Realty Trac (a national foreclosure information source) “IRVINE, Calif. – Oct. 15, 2009 — RealtyTrac® (realtytrac.com), … default notices, scheduled auctions and bank repossessions — were reported on 937,840 properties in the third quarter, a 5 percent increase from the previous quarter and an increase of nearly 23 percent from Q3 2008. One in every 136 U.S. housing units received a foreclosure filing during the quarter — the highest quarterly foreclosure rate since RealtyTrac began issuing its report in the first quarter of 2005. ”

Further they said “Other states with foreclosure activity totals among the nation’s 10 highest include Georgia with its epicenter in Atlanta. SEE MORE AT www.atlprime.com.

According to the associated press in an article dated August 25, 2009: Consumer sentiment rose in august beating expectations. Is this an indication that consumers are becoming more confident in the spending and futures?
In that same article it is indicated that national home prices rose for the first time in three years.
While the indicators are still far below that of a healthy economy, there is promise of a brighter outlook.
Some economists expect a growth of about 2% in the next quarter. Hopes are for stronger consumer spending for the recovery to keep from fizzling.
Don’t forget the Home buyer tax credits end December 1, 2009, so call your Prime Real Estate Sales Associate for more information at 404-685-3774.

By Michelle E. Shaw

The Atlanta Journal-Constitution

9:32 p.m. Wednesday, August 12, 2009

The median sale price of a single-family home in metro Atlanta rose from the first quarter to second quarter of the year but remained well below year-ago levels, the National Association of Realtors says.

The median price was $121,400 in the three months that ended June 30, up 5 percent from $115,600 in the three months ended March 31. The current median price is 23 percent lower than it was this time last year, $158,300, according to figures released Wednesday by the association.

The median is the mid-point for all sales; half of homes sold were priced higher, and half were priced lower. A rise in foreclosures and other distress sales, coupled with a slow market for mid- and upper-price sales, depresses the median.

Though the price is still down year-over-year, quarterly improvement is progress in the right direction, housing analysts say.

“The real key will be year-over-year increases, but the quarterly movement shows things are moderating,” said Steve Palm, president of the Marietta real estate research firm SmartNumbers. “The numbers have been edging up since February, and quarterly progress is good to see.”

Nationally, 129 out of 155 metropolitan statistical areas saw second-quarter declines in median existing single-family home prices, compared to same period the year before. Twenty-six areas had price gains.

Median sale prices are lower than typical home valuations in many parts of the metro area because of market conditions.

“Recently sold homes are concentrated in lower price ranges,” said Lawrence Yun, chief economist for the Realtors’ association. “The median price may not be representative of overall values in a given area because many middle priced homes are not on the market.”

Foreclosures and sales for less than the loan value accounted for 36 percent of transactions across the country in the second quarter, according to the association. The national median existing single-family price was $174,100, down 16 percent from the second quarter of 2008, the release said.

Sales volume, declined 4 percent in Georgia in the second quarter from the first, and 5 percent year over year, according to the report. But 39 states had sales increases from the first quarter, and nine had year-over-year improvements, the association said.

You can now follow Prime Real Estate on Facebook, Craigs List, Linkedin, Twitter and more.

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The U.S. Department of Housing and Urban Development’s (HUD) Neighborhood Stabilization Program (NSP) was established to stabilize communities that suffer from foreclosures and abandonment. Under the program, HUD has distributed nearly $4 billion to state and local housing authorities for the purchase and redevelopment of foreclosed and abandoned homes.
Fannie Mae supports the Neighborhood Stabilization Program and is working with public entities and nonprofits to match their interests with Fannie Mae’s REO inventory.
Call your experts at Prime Real Estate to learn more about how this can help you make smart investments today. 404-685-3774 or visit www.atlprime.com and click ‘search foreclosures’ for the best deals in the city.

There has never been a better time to invest in real estate.  With so much trepedation in the stock market and real estate prices at bargain levels there has never been a better time to get in.  Buy low and sell high has never been a more valid approach.  Interest rates are fantastic too.  With this combination, smart investors are moving to investments they can see, feel and touch. 

Everyone needs a place to live, so many are buying rental properties at bargain basement prices and look for great appreciation and equity builds for their weakened portfolios.  We are already seeing prices stabilize in the Atlanta real estate market, while there is still incredible uncertainty in most other investment venues.  Call on your top producers and experts at Prime Real Estate in Atlanta’s midtown for all your real estate needs.

In this market more than ever, you need an expert to help you get your home sold too.  Maximizing your vaue and positioning is critical to moving property in today’s marketplace.  Smart sellers are calling on their Prime Real Estate selling agents to get their homes sold at the best possible prices.  Positioning, presentation and follow through are critical. No one knows this better that your ally at Prime Real Estate.

Contact us today at (404) 685-3774, or visit our web site at www.atlrpime.com.