Foreclosure Duvall Court Kennesaw GA - As seen WSB-TV Atlanta GA - John Reinhardt RE/MAX Greater Atlanta 678.784.4440

This house was seen on WSB-TV news. This 3 bedroom 2/1/2 bath house the owner bought three years ago & then became newly married. The couple now bought another house & can’t sell the house below. They now have two mortgages payments. The owner say’s according to WSB-TV news that their facing foreclosure.

The home owner wants to rent the house out & states she has a hardship case. The HOA will not let the owner rent out the house. The subdivision has strict rules against this. The HOA stated that buying another home is not a hardship.

I agree….. The owner can always sell the home & take a lost.

If you looking for an outstanding subdivision & clean wonderful home this might be your house.

http://activerain.com/blogsview/511311/Foreclosure-Duvall-Court-Kennesaw 

Pictures above link.

For more information & Buyer Representation contact:

John Reinhardt

RE/MAX Greater Atlanta

Duvall Court “Specialist”

              678.784.4440       

www.InFrontMarketing.com

 

HOA says you can not rent your house - John Reinhardt RE/MAX

John Reinhardt

RE/MAX Greater Atlanta

678.784.4440

www.InFrontMarketing.com

I decided to work from home today. My dog started to bark to warn some strangers were filming the front entrance of my subdivision. These strangers then proceeded into the subdivision.

About fifteen minutes later we were cleaning up the mess of chocolate bananas the trash company left smashed in the street attracting ants crawling up my driveway. A SUV drove up telling me that they were the local news doing a story on the subdivision. A home owner could not sale their house & wants to rent it out. The HOA board passed an article that would not allow home owners to rent their houses in this subdivision. The reporter state that the home owner felt that this was a hardship case. What do you think?

 Is just because someone can not sale their house is this considered at hard ship case in which the HOA should resend their past rules against renting in the subdivision?

I understand why HOA’S would not allow a home owner to rent their house. It can really decline the value of a subdivision fast.

 We might be seeing a lot more home owners fighting their HOA’S in the news.

John Reinhardt

RE/MAX Greater Atlanta

678..784.4440

www.InFrontMarketing.com

 

How TO Appeal Your Tax Assessment 2008 - John Reinhardt RE/MAX - 678.784.4440

John Reinhardt

REALTOR

RE/MAX Greater Atlanta

678.784.4440

www.InFrontMarketing.com

 

I have been getting calls from my past clients about the re-assessment of their property taxes in Fulton County.

 

This should cause a groundswell of opposition and appeals as they are using 2006-07 data in a still falling 2008 market.  For instance our home was $460K +/- for 2007; they’ve raised it to $506K for 2008.

 

You only have 30 days from the date of the notice (not when rec’d) to appeal should get their interest.  Even if your assessment hasn’t risen you should challenge it because of the other homes with substantially lower valuations.

 

I would hardly call the Metro Atlanta market a crisis area, but at the same time, during this mortgage mess it certainly doesn’t help to have the tax assessors giving incorrect assessments.

 

If you’re interested in the process of appealing your tax assessment click here.  

 

Moreover, I would be happy to provide a free Cumulative Marketing Analysis of your home in Metro Atlanta & surrounding suburbs. Please remember that I’m not an appraiser but can provide a CMA that might help you.

John Reinhardt

RE/MAX Greater Atlanta

REALTOR

678.784.4440

 

www.InFrontMarketing.com

 

 

 

 

 

 

Atlanta’s Vital Signs - The Housing Market - John Reinhardt RE/MAX Greater Atlanta

                                              

                                                         www.InFrontMarketing.com

John Reinhardt

RE/MAX Greater Atlanta

678.784.4440

www.InFrontMarketing.com

 

 

Atlanta’s Vital Signs - The Housing Market

The Atlanta housing market has lost some steam in the last 18 to 24 months, but overall Atlanta has weathered the storm fairly well compared to other national housing markets. The data validates the healthy heartbeat of housing prices in Atlanta.

According to the Office of Federal Housing Enterprise Oversight (OFHEO), the rise in housing prices has slowed down in the Atlanta metropolitan area during the last three quarters of 2007.

 

Atlanta has continued to see increases in home prices, in contrast to decreases in cities such as Cleveland and Los Angeles. These cities were chosen as representative of pacific coast and Midwest markets.

Putting home prices in a larger context, national home prices have dropped 3 percent from January 2006 to January 2007. Home prices in the South Atlantic U.S. also dropped 3 percent during this same period. Georgia’s four-quarter appreciation of 2.6 percent falls within the range of state appreciation values. Among the states with negative appreciation values are California (-6.6 percent), Florida (-4.7 percent), and Ohio (-0.4 percent).

Hit the worst are Pacific coast states, Florida, and the Great Lakes states, which are experiencing little to negative appreciation of home prices. This affects the ability of home owners to tap into equity or refinance to a fixed rate mortgage. In some cases, it even makes it impossible for some to sell their homes because they may be upside down, and the seller doesn’t have the cash to come out of pocket at closing. Thankfully, Atlanta is not facing this level of difficulty compared to the rest of the US because it continues to post positive appreciation.

Metrostudy, a provider of primary and secondary housing market information, reported that the number of closings on new housing construction in metro Atlanta decreased 37.3 percent (8,033 units) from 3Q2007 to 4Q2007. The number of housing starts decreased 56.5 percent (4,905 units) during the same period. The good news is that, despite these decreases during 4Q2007, there were approximately 1.6 times more closings than starts, which indicates that the excess supply of new construction units is diminishing.

In addition, Metrostudy reported that there is almost an 11-month supply of new home construction, of which there is nearly a 7-month supply that is finished and vacant. The positive difference between the 8,033 home closings and the 7,757 completely constructed homes during 4Q2007 is another indicator that Atlanta customers are buying down the oversupply of new construction, particularly in south Fulton County. Princeton Lakes (199 closings), Oakley Township (131 closings), and Hampton Oak (128 closings) were three south Fulton communities ranked in the top 15 selling communities by closings in metro Atlanta by Metrostudy for 2007.

A 12-month view of housing permits for the City of Atlanta shows a declining trend for both single-family and multifamily housing. The City of Atlanta issued more than twice as many permits for single-family units as for multifamily units in February 2008. During the 12-month period almost 86 percent of the permits issued were for multifamily units, which consist almost exclusively of units with five or more bedrooms.

Atlanta’s housing market reflects the resiliency of its economy overall. While it is true that Atlanta’s housing production has been influenced by the national decline in home construction, the evidence suggests that Atlanta does not have a “bursting” housing bubble.

 

John Reinhardt

REALTOR

RE/MAX Greater Atlanta

 

 

 

678.784.4440

www.InFrontMarketing.com 

 

Market Updates -

How to buy a HUD home in Atlanta Georgia

Many people have asked lately how to go about buying a HUD property in Georgia. There are a lot of deals in the real estate market. Here it goes in a short Blog.

1. A pre-qualification letter from the lender must accompany your offer. This letter must indicate that the lender is aware that the buyer is purchasing a HUD home and that a credit report was to determine loan eligibility.

2. All offers are subject to mortgage insurance company approval. The buyer does not have a binding agreement until they receive a copy of the executed contract from the seller.

3. Earnest money in the amount of $500 (sales price under $49,999) or $1000,00 (sales price over $50,000) must be in the form of certified funds, money order or cashiers check made payable to the Selling Agent’s Real Estate Company.

4. A HUD property is Sold “AS IS”. This means no repairs will be made. A home inspection is at the Buyer’s discretion and expense and must be ordered 15 days of accepted contract. Buyer must request and pay for all utility service activations.

5. A termite letter is available and must be ordered 7 days prior to closing.

6. Seller does not provide a Home Warranty Protection Plan.

7. Closing services will be preformed by Seller’s closing attorney. The purchaser may have their own attorney in addition to or in lieu of the seller’s; however this is at their own (the purchaser’s expense).

8. All closing dates that are extended will be at the Buyer’s expense. Extensions must be requested prior to the expiration of sales contract with a money order, cashier’s check or certified funds delivered to HUD’s closing attorney.

9. All closing packages must be at the closing attorney’s office 3-5 days prior to closing.

10. Terms in the seller’s addendum override any conflicting information in the GAR form.

Your contract has many time sensitive requirements. Go to the HUD sight and read the contract completely and if you have any questions do not hesitate to call me. Only a registered authorized HUD agent can represent you & place bids on HUD’S electronic online system for you.

Remember, I would like the opportunity to represent & help you through the process.

 

 

HUD’S Website: www.hudpemco.com/

 

 

John J. Reinhardt 

RE/MAX Greater Atlanta

678.784.4440

www.InFrontMarketing.com

 

 

 

 

 

 

 

 

 

 

Medlock Bridge Subdivision Alpharetta Georgia market update

John J. Reinhardt

REALTOR ” Medlock Bridge Specialist”

RE/MAX Greater Atlanta

678.784.4440

www.InFrontMarketing.com

 

 

Status	Address	State	Subdivision	Bed	Bath	Year Built or Sold / Expire Date	Price
For Sale	5655 LAKE MANOR TRACE	GEORGIA	MEDLOCK BRIDGE	5	4/1	1997	$574,750
For Sale	5485 Cottage Farm Rd	GEORGIA	Medlock Bridge	6	5/0	2001	$569,900
For Sale	5575 COTTAGE FARM ROAD	GEORGIA	MEDLOCK BRIDGE	5	4/0	2002	$548,800
For Sale	615 Lake Medlock Drive	GEORGIA	MEDLOCK BRIDGE	5	4/1	1995	$539,900
For Sale	10260 Groomsbridge Road	GEORGIA	Medlock Bridge	6	4/1	1989	$528,780
For Sale	5130 Cottage Farm Road	GEORGIA	Medlock Bridge	5	4/1	1989	$524,800
For Sale	5775 LAKE HEIGHTS CIRCLE	GEORGIA	MEDLOCK BRIDGE	4	3/2	1994	$519,000
For Sale	320 SATTERWHITE DRIVE	GEORGIA	MEDLOCK BRIDGE	5	5/0	1995	$510,000
For Sale	10220 GROOMSBRIDGE ROAD	GEORGIA	MEDLOCK BRIDGE	6	4/1	1989	$499,900
For Sale	5185 COTTAGE FARM ROAD	GEORGIA	MEDLOCK BRIDGE	5	3/1	1991	$499,000
For Sale	5855 Lake Heights Cir	GEORGIA	Medlock Bridge	5	5/0	1996	$484,900
For Sale	5830 Lake Heights Cir	GEORGIA	Medlock Bridge	5	4/1	1997	$469,800
For Sale	10025 GROOMSBRIDGE ROAD	GEORGIA	MEDLOCK BRIDGE	4	4/1	1988	$459,000
For Sale	555 Lake Medlock Drive	GEORGIA	Medlock Bridge	5	4/0	1993	$455,000
For Sale	514 Willsford Ct	GEORGIA	MEDLOCK BRIDGE	4	3/0	1998	$439,000
For Sale	935 Herterton Way	GEORGIA	MEDLOCK BRIDGE	4	4/1	1989	$424,900
For Sale	10365 Medridge Circle	GEORGIA	MEDLOCK BRIDGE	4	2/1	1996	$379,900
For Sale	260 Coles Hill Ct	GEORGIA	MEDLOCK BRIDGE	4	3/1	1988	$349,900
For Sale	10285 MEDRIDGE CIRCLE	GEORGIA	MEDLOCK BRIDGE	5	2/1	1991	$349,900
For Sale	10300 Medridge Cir	GEORGIA	Medlock Bridge	4	2/1	1995	$344,900
For Sale	10275 Medridge Cir	GEORGIA	Medlock Bridge	3	2/1	1991	$329,000
Sold	5620 TENBURY WAY	GEORGIA	MEDLOCK BRIDGE	5	4/1	1/22/2008	$445,000
Sold	10045 GROOMSBRIDGE RD	GEORGIA	MEDLOCK BRIDGE	5	3/1	2/5/2008	$409,000
Sold	225 COLES HILL COURT	GEORGIA	MEDLOCK BRIDGE	4	2/1	3/31/2008	$375,000
Sold	820 Lake Medlock Dr	GEORGIA	MEDLOCK BRIDGE	4	3/0	3/3/2008	$375,000
Sold	125 LUDWELL COURT	GEORGIA	MEDLOCK BRIDGE	4	3/1	1/3/2008	$309,000

 

 

For more information contact:

 

John J. Reinhardt

REALTOR “Medlock Bridge Specialist”

678.784.4440

www.InFrontMarketing.com

Change for 2008 in Marietta City Schools

Marietta City Schools in COBB County 2008:

There is a change in 2008 for the Marietta City Schools (MCS). MCS now offers its Choice Academies program at all seven of its elementary schools.  Marietta City residents may now send their child to their zoned elementary school or to ANY of the outstanding elementary schools in our district.  Each elementary facility offers a specific learning program so parents can choose the school that best fits their child’s skills and interests. This is an excellent option for parents who love a certain house or neighborhood, but prefer the program at a different Marietta elementary school. 

 

Marietta City Schools continues to be a shining star in COBB County educational system:

• They been listed among Newsweek’s “Top U.S. School Systems” for several years in a row
• The 2008 Georgia State Teacher of the Year is from MCS
• Marietta High School is consistently named in among top 5% of all US high schools
• All of MCS met state progress goals in 2007 (only 29% of all Georgia school districts accomplished this goal)

RE/MAX Greater Atlanta