sellers

Atlanta Sellers – Buy Owner Looking for a Buyer

Atlanta Sellers - Buy Owner - the do it yourself listing company is looking for a buyer.  They have recently filed for bankruptcy and looking to sell their assets.   It is not surprising in the recent housing market that Buy Owner would not be able to survive.  You need more than just a yard sign, lockbox and presence in the FMLS to sell your house.   You need hands on contact with an agent who can market and promote your house along with keeping you informed of the current market conditions and how they impact your home sale.  Many homeowners are now facing the reality of needing to sell and dealing with their home value being less than what they owe.  Ouch.  Find an agent who can SELL your house - not just list it.  It could be that you need to do a short sale and more than anything - you want someone to handle the transaction for you.  It's called a Buyers Market for a reason!

sellers

Hafa: What in the World is Hafa?

sellers

The Numbers – June 2009

The FMLS has finally published the June 2009 numbers!   And there is continued good news in the numbers.  Across all of FMLS areas (36 total) average closed prices are continuing to head back up.  We are seeing lower inventories and the large number of months supply of houses on the market is starting to moderate as inventories continue to decline.  If this trend continues we can expect prices to continue to increase. Below are the monthly charts for 5 in-town areas of the FMLS - just a portion of the 36 total areas in FMLS. FOR CONDOS/TOWNHOMES:

Area	# of Sales	Total Sales Volume	Avg Sale Price	Average Original List Price	Sales Price to Final List Price	Average Total Days on the Market
21	72	$ 21,803,417	$     302,825	$       435,664	74.1%	146.2
23	75	$ 14,983,000	$     199,773	$       218,380	96.0%	107.6
24	5	$      868,900	$     173,780	$       188,560	96.2%	49.6
52	46	$   7,643,805	$     166,170	$       186,434	94.4%	120.1
TOTALS	198	$ 45,299,122

  HOUSES:

Area	# of Sales	Total Sales Volume	Avg Sale Price	Average Original List Price	Sales Price to Final List Price	Average Total Days on the Market
21	65	$61,106,623	$       940,102	$     ,138,312	87.8%	115.5
23	40	$19,032,273	$       475,807	$      550,100	94.7%	132.5
24	63	$14,952,700	$       237,344	$      262,342	96.2%	91.8
31	119	$5,230,423	$         43,953	$        57,414	92.8%	79.6
32	73	$8,631,929	$       118,246	$      135,225	95.6%	79.8
52	160	$35,186,598	$       219,916	$      247,542	93.7%	90.2
TOTALS	520	$144,140,546

Click here for FMLS Area - key codes.     In these in-town markets - the total sales volume for Condos/Town homes was $21,804,580 for May compared to June's sales volume of $45,299,122.  Sales volume of single family homes in these 5 areas jumped to $144,140,546 in sales volume compared to May's sales volume of $99,337,550.   Here are breakdowns of past months: May 2009, April 2009 & March 2009. It is a great time to buy!

sellers

Federal Energy Tax Credits

Today's post comes from my friends at Eric & Adam at  KronbergWall .  They are architects and fellow eco enthusiasts.  They can help you with your home designs and renovations.  The recently signed American Recovery and Reinvestment Act of 2009 makes federal energy efficiency tax credits available for your home renovations if you make them in 2009 and 2010. Specific types of high efficiency furnaces, air conditioners, and tankless gas water heaters qualify. Certain energy efficient doors, windows, roofing, and insulation also qualify. You are eligible to receive a credit for these upgrades if they are installed in existing homes that are primary residences. The tax credit has been raised to 30% of cost up to a total credit of $1500. There are even greater tax credit opportunities for solar water heaters, geothermal systems, and photovoltaic systems. You can receive a tax credit of up to 30% of the total cost of these systems, and it is not limited to the $1500 cap. In addition to existing primary residences, the credit is also available for vacation homes, rentals, and new construction. Eric Kronberg, AIA, LEED AP Adam Wall, AIA, LEED AP