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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.  

VIDEO: City renovates home for seniors

VIDEO: City renovates home for seniors

MARIETTA, Ga. -- Seniors living in Marietta now have a more luxurious place to call home.

Yesterday, Mayor Steve Tumlin cut the ribbon on the newly renovated Tower at Dorsey Manor (112 Lemon Street).

The nine-story building features 80 units designed for active seniors. Amenities include a cardiovascular fitness center, a computer room and a covered pavillion surrounded by sidewalks and plenty of green space.

Program gives homeowners $3000 to move

Program gives homeowners $3000 to move

ATHENS, Ga. -- It's called the HAFA Program. If you are needing to move and are having financial difficulties, then this program may be for you. It is required that the house is to be sold as a short sale and there must be some hardship involved (ie. medical, job loss, job relocation).

Open Houses this weekend in Metro-Atlanta

Open Houses this weekend in Metro-Atlanta

It's going to be a beautiful weekend!  Be sure to get out and see some of the great homes for sale in the metro-Atlanta area.

 

Decatur

2817 Abrorcrest Drive

Decatur, Ga 30033

Sunday 2 to 4pm

** 5 bedroom/3 bath (new construction)

$289,000

www.2817ArborcrestDrive.com

 

Marietta

2905 Fallwood Drive                                                          

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.