Dunwoody, GA Real Estate News

By Kerry Lucasse, Your Urban Nest Atlanta Real Estate Consultant
(eXp Realty - Urban Nest Real Estate Group)
 North Metro Atlanta Homes & Condos for Sale - Atlanta Condominiums JUST LISTED IN DUNWOODY  2 bed / 2 bath Offered at $134,900 Calling all first-time home buyers! This charming condominium is in the heart of Dunwoody and features a spacious living room with fireplace and French door to a private screened porch. Well-appointed kitchen with breakfast bar and easy access to separate dining room. The master bedroom is suprisingly large and has a walk-in closet, and private bath.If you are looking for a quiet community with swimming pool, mature landscaping and low HOA dues in a PRIME LOCATION, you've found it!Interested in taking a peek?  Please call Pam Adams at (770)931-8763 or tour the condo online at: >>> VIEW ALL THE CONDOS & TOWNHOUSES FOR SALE IN DUNWOODY <<< >>> VIEW ALL THE CONDO ...
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By Paul Renton, ABR, e-Pro, CDPE, RERA, Prince 2, SMSTS
(Qualitas Property)
Please see this internet link re Pre-foreclosure FHA sales:  http://www.hud.gov/offices/adm/hudclips/letters/mortgagee/2008ml.cfm  Refer to publication 08-43.  HUD guidelines do allow concessions but they are limited to 1% of sales price and only if borrower is financing FHA.  So, while FHA underwriting guidelines allow for up to 6% seller concessions, this does not apply to a short sale or pre-foreclosure sale.  There is much confusion surrounding this issue.  There are exceptions and we can request a variance from HUD to allow more; however, they are getting tougher on this!  Usually they won't allow anything over 3% and only if the offer is at or very near the appraised value.  Every deal is looked at on a case by case basis...so it is difficult to be any more specific.  
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By Paul Renton, ABR, e-Pro, CDPE, RERA, Prince 2, SMSTS
(Qualitas Property)
Dunwoody High School5035 Vermack RoadDunwoody, Georgia 30338Phone:  (770) 394-4442  (770) 394-4442 FAX: (770) 394-2574 Principal Dr. Kevin Harris Grades 9th - 12th Enrollment 1605 Board Member  Jim Redovian Websites http://www.dekalb.k12.ga.us/~dunwoody/ http://www.dekalb.k12.ga.us/schools/high/dunwoody/ Dunwoody High School Sports http://www.dekalb.k12.ga.us/~dunwoody/teamsites.html OVERVIEW Dunwoody High School is a comprehensive public senior high school, which was built in 1971. Dunwoody's twenty-eight acre campus is located in suburban north DeKalb County. Dunwoody High School students consistently score higher than the local, state, and national averages on the SAT and Georgia High School Graduation tests. Dunwoody High School offers students the opportunity to participate in nume...
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By Paul Renton, ABR, e-Pro, CDPE, RERA, Prince 2, SMSTS
(Qualitas Property)
Tennis & Swimming   Places to go around Atlanta  Day Trips   Professional  Sports   DeKalb County Parks & Recreation Department 404-371-2631  404-371-2631 10 recreation centers, 3 tennis centers, 12 swimming pools, 2 golf coursesBike and fitness trails, Athletic fields Brook Run   770-604-3924  770-604-3924    770-604-3924  770-604-3924 (Mr. Jeff Klug, Park Coordinator)Dunwoody's Newest County Park is in our neighborhood.  At 100 plus acres it is great for jogging, rollerblading, biking, picnicking & relaxing. The $1.7 million dollar children's play ground will be open in August 2005 and the Skate Park is currently in the planning stages.  Dunwoody Stage Door Players 5339 Chamblee Dunwoody Road  770-396-1726  770-396-1726    770-396-1726  770-396-1726 Dunwoody Stage Door Players is a me...
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By Paul Renton, ABR, e-Pro, CDPE, RERA, Prince 2, SMSTS
(Qualitas Property)
Where is Dunwoody North?Dunwoody North, a sub-division in unincorporated DeKalb County known as "Dunwoody" located at the top east end of I-285 just North East of Atlanta.  The Dunwoody North Communities are comprised of approximately 1,250 homes.  The area encompasses North Peachtree Road up to Peeler, both sides of Tilly Mill Road down to Peachtree Industrial.   Dunwoody North Overview Map   Do you need driving directions?Driving Directions to Dunwoody North (DNDC Swim Tennis) Would you like to see an Aerial View?Aerial View of Dunwoody North   Atlanta Overview Map Dunwoody North is located at the Yellow Flag at the top of the map. Dunwoody Weather Link http://www.dunwoodyweather.com/
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By Paul Renton, ABR, e-Pro, CDPE, RERA, Prince 2, SMSTS
(Qualitas Property)
Dunwoody North Driving Club(The Swim / Tennis club of the Dunwoody North Neighborhood)4522 Kingsgate Drive, Dunwoody, GA  30338 Pool / Clubhouse -   770-451-8796  770-451-8796    770-451-8796  770-451-8796 (no answering machine)   The Dunwoody North Driving Club is located at 4522 Kingsgate Drive in the Dunwoody North Subdivision off of Brookhurst Drive. This swim/tennis club offers a variety of activities as listed below. Join today and enjoy all of the fun that is awaiting you! POOL:The Club's pool is staffed with Red Cross certified lifeguards, and has high and low diving boards, a pool-side snack bar, adult volleyball games, a baby pool, and a picnic area. The Club sponsors a swim team for children ages 5 through 18, and offers swimming lessons each summer. The pool was recently re...
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By Paul Renton, ABR, e-Pro, CDPE, RERA, Prince 2, SMSTS
(Qualitas Property)
     History of Dunwoody North   The Dunwoody North Subdivision was developed in 1963 / 1964 by Tom Cousins -- an area still considered "far out" to most of Atlanta's residents at that time. However, Mr. Cousins' first venture in residential development proved to be a huge success. The first homes were built on North Peachtree, East Kings Point Circle, Kingsfield Ct, Brookhurst, Huntington Circle, and Vintage Lane. At the initial development stage, East Kings Point Circle and Brookhurst ended at their intersection, and the southern segment of Huntington Circle extended to Stonington Road, which ended at that point. Original home owners (Davis, Ruffin, Griffith, Coley, Dimling, Curran, Welton, and Dierks to name a few) may still live in Dunwoody North, a tribute to the wonderful neighbor...
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By Paul Renton, ABR, e-Pro, CDPE, RERA, Prince 2, SMSTS
(Qualitas Property)
  Legal Tip:  Filing a Real Property Tax Return  for GA in 2010  Many properties have dropped in value since last year, but this does not mean that the property taxes will automatically go down. All real property owners must file a Real Property Tax Return early in 2010 to lower their assessment from 2009 and to have the right to appeal their 2010 assessment.   This tax return is not the same as an appeal, and the value submitted by the owner does not set the final assessed value.     However, the tax assessor will review the owner's value and decide whether to accept it or dispute it.   The property owner will then have the right to appeal an official assessment that exceeds the owner's proposed value.   This is a separate process. The procedures and deadlines vary by county (usually M...
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By Paul Renton, ABR, e-Pro, CDPE, RERA, Prince 2, SMSTS
(Qualitas Property)
FILING FOR HOMESTEAD EXEMPTION IN 2010 Homeowners may need to provide their Warranty Deed book and page, proof of residence, social security numbers, driver's license and car tag info Homestead Exemption Generally, a homeowner is entitled to a homestead exemption on their home and land underneath provided the home was owned by the homeowner and was their legal residence as of January 1 of the taxable year. (O.C.G.A. § 48-5-40) Application for Homestead Exemption To be granted a homestead exemption, a person must actually occupy the home, and the home is considered their legal residence for all purposes.  Persons that are away from their home because of health reasons will not be denied homestead exemption.  A family member or friend can notify the tax receiver or tax commissioner and th...
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By Paul Renton, ABR, e-Pro, CDPE, RERA, Prince 2, SMSTS
(Qualitas Property)
       Homebuyer Tax Credit Update! On November 6, 2009, President Obama signed a bill to extend the tax credit for first-time homebuyers (FTHBs) through June 30, 2010.  The bill also opens up opportunities for others who are not buying a home for the first time. To learn what the new tax credit means to you, take a look at the concise overview below. TAX CREDIT OVERVIEW Who Gets What? First-Time Homebuyers (FTHBs): First-time homebuyers (that is, people who have not owned a home within the last three years) may be eligible for the tax credit. The credit for FTHBs is 10% of the purchase price of the home, with a maximum available credit of $8,000 Single taxpayers and married couples filing a joint return may qualify for the full tax credit amount. Current Home Owners: The tax credit pro...
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By Paul Renton, ABR, e-Pro, CDPE, RERA, Prince 2, SMSTS
(Qualitas Property)
Market Comment - Week of January 25th, 2010 Mortgage bond prices rose last week pushing mortgage interest rates lower. The bond market rallied following crumbling stocks as the DOW fell 213 points Thursday. Weekly jobless claims came in higher than expected causing unemployment fears to cast a shadow over the state of the economy. In a consumer based economy it is difficult for people to spend money without a job. The producer price index was mixed as the headline figure was higher than expected but the core was lower than expected. For the week interest rates fell by about 1/4 of a discount point.The Fed meeting Wednesday will be the most important event this week. The Treasury will continue the record auctions with 2-year notes on Tuesday, 5-year notes on Wednesday, and 7-year notes o...
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By Paul Renton, ABR, e-Pro, CDPE, RERA, Prince 2, SMSTS
(Qualitas Property)
For Further Questions feel free to contact us.To check Your Local Market Data go to Your Market Snapdshot  For further information about Metro Atlanta. orIf you have a Real Estate need in Atlanta trust the Full time Local professionals at Team Renton Keller Williams. For Free Home Search for  Metro Atlanta go to http://www.servingHotlantahomes.com  
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By Paul Renton, ABR, e-Pro, CDPE, RERA, Prince 2, SMSTS
(Qualitas Property)
If I wait for that $400,000 house to come down to $350,000, could I be risking higher payments? Why yes, you could.....and why? - $400,000 mortgage @ 4.5% = $2026.24 - $350,000 mortgage @ 6.0% = $2098.43 Does this ever happen? It's what we are watching buyers do right now!!  See the attached Spreadsheet and tell us your thoughts!!!     Should we wait for prices to go down or rates to go up???                   Loan Amount 4.50% 5.00% 5.50% 6.00% 6.50% 7.00% 100,000 $506.69 $536.82 $567.79 $599.55 $632.07 $665.30 150,000 $760.03 $805.23 $851.68 $899.33 $948.10 $997.95 200,000 $1,013.37 $1,073.64 $1,135.58 $1,199.10 $1,264.14 $1,330.60 250,000 $1,266.71 $1,342.05 $1,419.47 $1,498.88 $1,580.17 $1,663.26 300,000 $1,520.06 $1,610.46 $1,703.37 $1,798.65 $1,896.20 $1,995.91 350,000 $1,773.40 $...
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By Paul Renton, ABR, e-Pro, CDPE, RERA, Prince 2, SMSTS
(Qualitas Property)
According to the FDIC, nine of the 22 banks were based in Georgia, and a 10th had significant operations here. The failed banks in Georgia with assets present in the sale are: Integrity Bank of Alpharetta, Alpha Bank & Trust of Alpharetta, Freedom Bank of Conyers, The Community Bank of Loganville, First Georgia Community Bank of Jackson, Haven Trust Bank of Norcross, FirstBank Financial Services of McDonough, FirstCity Bank of Stockbridge, Omni National Bank of Atlanta and Utah-based Magnet Bank, which had an office in metro Atlanta. Read More For Further Questions feel free to contact us.To check Your Local Market Data go to Your Market Snapdshot  For further information about Metro Atlanta. orIf you have a Real Estate need in Atlanta trust the Full time Local professionals at Team Re...
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By Paul Renton, ABR, e-Pro, CDPE, RERA, Prince 2, SMSTS
(Qualitas Property)
  For Further Questions feel free to contact us.To check Your Local Market Data go to Your Market Snapdshot  For further information about Metro Atlanta. orIf you have a Real Estate need in Atlanta trust the Full time Local professionals at Team Renton Keller Williams. For Free Home Search for  Metro Atlanta go to http://www.servingHotlantahomes.com
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By Paul Renton, ABR, e-Pro, CDPE, RERA, Prince 2, SMSTS
(Qualitas Property)
 For Further Questions feel free to contact us.To check Your Local Market Data go to Your Market Snapdshot  For further information about Metro Atlanta. orIf you have a Real Estate need in Atlanta trust the Full time Local professionals at Team Renton Keller Williams. For Free Home Search for  Metro Atlanta go to http://www.servingHotlantahomes.com    
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By Paul Renton, ABR, e-Pro, CDPE, RERA, Prince 2, SMSTS
(Qualitas Property)
KELLER WILLIAMS REALTY FIRST ATLANTA MARKS 10 YEAR ANNIVERSARY  Office Earns Number One Position in Georgia for Real Estate Sales Production  For Immediate Release - Keller Williams Realty First Atlanta in Sandy Springs will roll out the red carpet on Wednesday, January 20th to celebrate the 10 years in the Atlanta market. The event will take place at 200 Glenridge Point Parkway, Atlanta, GA 30342 and will open with a ribbon cutting ceremony at 4 PM and unveil the extensive office renovation.  Keller Williams Realty First Atlanta opened its doors in 1999 and has grown to the most productive office in Georgia. Recognized nationally as one of the top profit earners and profit sharers in Keller Williams, KWFA has given back almost 2 million dollars to agents in the companies' profit shari...
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By Paul Renton, ABR, e-Pro, CDPE, RERA, Prince 2, SMSTS
(Qualitas Property)
We have experienced positive trends again in the Atlanta market. Inflation is beginning to raise it's ugly head. So if you are thinking of buying, moving up or investing in real estate, or have clients thinking, don't think do!!!!  The positive trends that were experienced in October continued in a big way for November. The year-to-year percentage change for all single family closings was another double digit consecutive percentage increase. It was also the greatest year-to-year percentage increase on record.  Our housing industry had been down for 13 consecutive quarters, but it is a very good bet that 4th quarter 2009 will have a year-to-tear increase for all single family closings. Not just up, but a double digit percentage increase. There were 4,377 closings for all single family in...
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By Tim Maitski, Truth, Excellence and a Good Deal
(Atlanta Communities Real Estate Brokerage)
It really amazes me how different parts of Atlanta have fared in the last few years.  In the middle of 2007 the real estate market in Atlanta finally began to take a hit.  In some areas the bottom seemed to drop out.  Other areas have held up reasonably well in comparison. Below are market graphs for single family detached homes in various parts of the Atlanta metro area. First the overall numbers that get reported in the local media. Then I have comparisons for North Fulton vs. South Fulton County. North DeKalb(Dunwoody)vs. South DeKalb(Stone Mountain), East Cobb vs. South Cobb and then just for kicks, Clayton County which is down by the airport. For more detailed market stats for 30 areas around Atlanta, go to my main website. Total FMLS Atlanta Market Area North Fulton: Roswell/Alpha...
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By Paul Renton, ABR, e-Pro, CDPE, RERA, Prince 2, SMSTS
(Qualitas Property)
ATL home prices off 8.1 percent   According to the Standard & Poors/Case-Shiller Home Price Index, the price of a home in Atlanta declined 0.2 percent in October from the previous month following rebounds in price over the summer months. Still, prices overall are off 8.1 percent from October 2008, though that figure has narrowed. Full Story
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