Info on Intown Atlanta Real Estate
There are currently 11 blog entries related to this category.
Tuesday, July 31st, 2012 at 6:49pm. 559 Views, 0 Comments.
Jason Lapene on CBS news.
Sunday, January 16th, 2011 at 10:37am. 553 Views, 0 Comments.
We’ve all asked the question at one point or another—you might have even let the words escape your lips in the last few days. “What’s for dinner? I’m hungry.” For those of you in the heart of the suburbs away from the fine dining opportunities of Atlanta you might have to get in the car and drive 10-15 minutes before you find a restaurant other than McDonalds, Burger King, or Chick-fil-a. For those lucky enough to live in the Virginia Highlands neighborhood the answer is as simple as putting on your tennis shoes and walking around the corner.
In the heart of Highlands you will find one of Atlanta’s oldest restaurants, Atkins Park. Atkins Park began as a deli in 1922 and today has grown in to a full restaurant and tavern offering menu…
Tuesday, June 15th, 2010 at 1:23pm. 818 Views, 0 Comments.
It is time for the first time home buyers or buyers looking to utilize a FHA.
All indications from HUD are changes are coming soon to the FHA loan product which requires only 3.5% down. It looks that HUD is going to reduce seller concessions to 3% from 6%. This means that the seller will only be allowed to pay up to 3% in closing costs for the buyer. For example, on a $200,000 purchase, the seller can currently contribute $12,000 towards closing costs and escrows, in the future the seller will only be able to contribute $6,000. This will cause some buyers to not qualify to purchase a home until they have saved more money. This is going to potentially result in the buyer to bring more money to the closing table.
In addition, they are going to increase…
Saturday, May 15th, 2010 at 6:54pm. 682 Views, 0 Comments.
I must get asked the question, "should I buy or rent" at least twice a month. While there is no right or wrong answer, there is a economic formula that can be used to help determine if it's better to buy or rent. It is called the rental ratio formula. The formula is house price/total rent (rent payments x's 12). You divide the total rent over the course of the year by the price of the home. Any number below .20 suggest that it is better to buy. Anything over .20 and it may be better to rent in that particular area.
The Atlanta real estate market has great disparity with regards to rental ratio. Some areas will bring in .04 while other will be closer to .25.
The next time you are wondering if it is better to buy or rent, try this formula to help…