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Not So Big House Principles Apply to Remodeling Projects of all Sizes

Free Educational Program on Oct. 15   The concept or movement of “Not So Big House” has entered the mainstream, but what is it and who started it? Well, what it is not about is tiny houses for everyone, or a creed of bad design in favor of tiny energy bills.   The No So Big House philosophy, in fact, embraces architectural style across the spectrum, and is a concept dedicated to homes of all … well, most sizes. It can be described as an anti-McMansion sort of trend, but it is much more positive than that.   This is a direction in home design and construction championed by Sarah Susanka, an architect by trade, that emphasizes the concept of home as haven, in scale and proportion to need, a welcoming, comfortable, usable place where space is used according to purpose, rooms flow together with subtle delineations -- well-built, light-filled and energy-efficient.

Selling Season Is NOT Over

Selling Season Is NOT Over

If you have been trying to buy or sell a home and the end of the spring-summer real estate season is stressing you out, The Castles By Chrissy Team says "relax!"

Even though real estate sales do fall off at the end of warm weather, there's still plenty of buying and selling coming this fall and winter.

Remember, sales volume is not your problem. The only house you care about is the one you're selling or hoping to buy.

Real estate isn't nearly as seasonal as it used to be. If a house is priced and marketed appropriately, no matter what time of year it is, there will be a buyer for it.

What's more, many home buyers and sellers are bucking the seasonal nature of residential real estate.

Agents Unknowingly in Violation of Ethics

This is a warning to Agents and a reminder to the public to be careful who you chose to represent you in a real estate transaction. I have recently heard some stories that have taken place locally and want to send this reminder to everyone. It is a violation of the ethical requirement for licensure in Georgia to represent a buyer or seller in a matter that the Agent is unfamilliar with. 

The REALTOR® Code of Ethics - Article 1 starts: "When representing a buyer, seller, landlord, tenant, or other client as an agent, REALTORS® pledge themselves to protect and promote the interests of their client."

Metro Atlanta foreclosure rate 16th highest in nation

Metro Atlanta foreclosure rate 16th highest in nation

ATLANTA -- Metro Atlanta's foreclosure rate slowed by the middle of 2011, but remains among the metros with the highest rates.

Atlanta had 44,1560 foreclosure filings from January through June, down about 16 percent from the first half of 2010. This gave Atlanta the 16th highest rate of foreclosures, according to RealtyTrac, which publishes the largest list of foreclosures in the country.

The company defines a foreclosure as default notices, scheduled auctions and bank repossessions. 

Real Estate has a Long Road to Recovery

 

The next years of real estate are not going to be positive for homeowners. In fact, it’s estimated that in 2012 over 60% of all home sales will be foreclosures or short sales. This means that the banks will control the pricing of more than half the real estate market and we can expect continued declining values. This idea may not sit well with many after the mortgage meltdown and moral hazard issues we had over the past five years.

Further, we at Sellect Realty believe that it will be another five to seven years before we see home values near their previous peaks and then we expect a plateau for several years to follow before growth. Currently our market is still declining. Despite month-over-month gains we have had another drastic decline in home values over the past 12 months. According to the recent statistics released by Realtor.com the average listing price decreased by 11.42% from June 2010 to $250,933.  

Riverdale most affordable, Dunwoody most expensive Ga. markets

Riverdale most affordable, Dunwoody most expensive Ga. markets

RIVERDALE, Ga. -- Georgia has three markets on Coldwell Banker Real Estate LLC's most affordable housing list.

Riverdale is the most affordable home market in the Peach State and the second-most affordable in the nation with an average price of $61,618, the report said.

College Park is the Peach State's second-most affordable market and nation's fourth-most with an average price of $72,477.

Lithonia comes in at third-most affordable in Georgia and the eighth-most in the nation with an average price of $77,385.

The most expensive market is Dunwoody, with an average price of $379,866.

Atlanta also is among the most expensive at $255,448.

1Q2011 Stats For The Housing Industry Are Here!

1Q2011 Stats For The Housing Industry Are Here!

The Castles By Chrissy Team would like to be the first to bring you the 2011 first Quarter Statistics on our local housing industry.   I've been pouring over the 1Q2011 stats for 2 months now to try and decipher the good news from the bad news.  The story the numbers is telling is its a mixed bag out there.  We are able to break it out into specific areas (i.e. Smyrna, Vinings, Dunwoody, Sandy Springs, Buckhead, etc).  I would like to share with you data from all of metro Atlanta and then I've chosen one specific area so you can see how it compares -- the 30339 zip code - heart of Vinings.  I can do this for each area across the map so please feel free to send an email with the area(s) you would like to know about.