Our network

Real Estate

"Driving Miss Daisy" home on the market for $1.95 million

"Driving Miss Daisy" home on the market for $1.95 million

ATLANTA -- Twenty-three years ago, this month, Atlanta was the focus of the Academy Awards when "Driving Miss Daisy" won "Best Picture.

The film was written by Pulitzer prize winning Atlanta playwright Alfred Uhry who grew up in the Druid Hills area.

The story deals with the relationship between an elderly Jewish woman and her African-American chauffeur after World War II.

And as of today, the home from the movie, which forever linked Atlanta to Hollywood is, now, up for sale and it's going to the highest bidder.

To some, the home is as defining as Jessica Tandy & Morgan Freeman and as unforgettable as Alfred Uhry's words.

It's located at 922 Lullwater Road in the Druid Hills neighborhood.

Jeff Hullinger asked, the listing agent for Coldwell Banker Doris Robinson, "How did this home get selected for the movie?"

Not So Big House Principles Apply to Remodeling Projects of all Sizes

Free Educational Program on Oct. 15   The concept or movement of “Not So Big House” has entered the mainstream, but what is it and who started it? Well, what it is not about is tiny houses for everyone, or a creed of bad design in favor of tiny energy bills.   The No So Big House philosophy, in fact, embraces architectural style across the spectrum, and is a concept dedicated to homes of all … well, most sizes. It can be described as an anti-McMansion sort of trend, but it is much more positive than that.   This is a direction in home design and construction championed by Sarah Susanka, an architect by trade, that emphasizes the concept of home as haven, in scale and proportion to need, a welcoming, comfortable, usable place where space is used according to purpose, rooms flow together with subtle delineations -- well-built, light-filled and energy-efficient.

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.  

Things to Avoid When Holding an Open House

This weekend was national open house weekend. I had the opportunity to see an open house go wrong in a million dollar neighborhood, so I'm going to share some pointers to help your open house go smoothly.

1. Ensure that there are no malfunctions with the home. A defective air conditioner ruins the experience for everyone including the agent. You do not want the agent to be in a bad mood!

2. Have an agent who will not push prizes, giveaways, or follow prospective buyers as they look at the house. The idea is to make everyone comfortable and the way to do that is by making all information readilly available and be available to answer questions.

3. Have drinks and/or snacks on hand, especially on a hot afternoon. At a minimum, bottles icewater and soda is a must.

Final LCI Plan Draft to Be Unveiled

Final LCI Plan Draft to Be Unveiled

DORAVILLE, GA -- The final plan of Doraville's Livable Centers Initiative will be presented on Wednesday, Mar. 2.

Interested Doraville residents can stop by the Civic Center (3770 Central Avenue, 30340) at 6:30 p.m. to get a look at the plan and ask questions.

View the LCI timeline and presentations.

Dekalb Foreclosure Registry Begins on October 27th

Atlanta, GA--  DeKalb County will launch its Foreclosure Registry, Wednesday, Oct. 27.  The DeKalb County Foreclosure Registry was established as a means to protect neighborhoods from becoming blighted as a result of the lack of adequate maintenance and security caused by the foreclosure crisis.

Creditors or mortgagees who foreclose on a property after Oct. 27 will have up to 30 days following the foreclosure sale to register the property with DeKalb County and pay a fee of $175.  Creditors or mortgagees located outside the geographical boundaries of Clayton, DeKalb, Fulton, Gwinnett, Henry, and Rockdale Counties are required to designate a local property agent located within these geographical boundaries to ensure security and maintenance of the property.