Archive for the ‘City of Atlanta’ Category

So You Wanna be a Real Estate Agent?

Thursday, May 28th, 2015

IMG_3819Well, the cat is out of the bag now! Everyone is aware that the Metro Atlanta real estate market is back and red hot. These are the times that we historically see a rise in the number of new real estate agents entering the workforce. Everyone wants in! We meet with people every year who are kicking around the idea of getting into the business, and we genuinely like helping people get started. I know that doesn’t make a lot of sense. Why would we want more competition? There is something intrinsically good about sharing your experience with others. It’s the right thing to do. We’ve been so fortunate to have mentors in our career who have helped teach and guide us for the last ten years or so as we’ve built our team. It’s exciting to think I can help someone else who is right where we were.

Here’s what I’d tell anyone considering a career change or even a career start in the world of real estate.

  1. Have a goal in mind for your first year both professionally and financially. Let’s be honest that this is not a get rich quick scheme. How will you invest in your new endeavor? I would suggest as much education as you can afford. That foundation is crucial to your success, and you have to get into action very quickly as it can take easily six months before you make your first sale. Make sure you are prepared for such a delay in your income, and as you make more, make sure you put money aside for your business. Too many agents don’t treat their business like a business. Don’t run your business out of your personal checking account. When times are slow, your business spending will be the first line item that suffers, which is the very thing that’s supposed to help you get going.
  2. You need a support group and champions for your cause. Beyond coaches and mentors, you need people around you to encourage you and push you to accomplish your goals. This could be your spouse, partner, or significant other, your parents, friends, broker, vendors, etc. 80% of real estate agents fail after the first year, and I’d venture to say that more than half of that is a direct result of no support group and no accountability. Share your goals with everyone. Not only will they hold you accountable, but they will help you achieve it!
  3. Leads do not grow on trees, and the phone does not just ring. You have to pick it up. You have to engage people. You have to work exceptionally hard to ensure that your friends and family know what you do so that you become top of mind for real estate. Now, we don’t cram real estate down everybody’s throats, but now that our marketing plan is mature, our friends and family come to us. It took a good three years of consistent marketing for that to happen. Regardless of how many leads you generate, there is no such thing as enough. You have to constantly stay focused on generating leads. We’ve found the best way to do that is to provide world class customer service, and the result is a business filled with 85% referral and repeat clients.
  4. Real estate is not a part time job. The constant deadlines and demands cannot help but carry over into your life after hours, on weekends, and even on vacation. Guess where I’m writing from right now? Vacation. Realtors work hard to create balance in their lives, but it’s not easy. The other part that creeps in is your desire to help other people or for some the desire to get things done. Both of these extremes can’t simultaneously exist for realtors, but the point is that it can be difficult to draw a line and take time for yourself. There is always something that can be done, or done better. I feel like I’m constantly refining what I do from education, processes and procedures, to customer service, hiring, and the list goes on and on. I’ve told many people that it’s one of the most addictive businesses so you have to be cognizant of it for your own good and the good of your family and relationships.
  5. Don’t be afraid to ask for help. When you get started in real estate you can feel like an island. I’ve heard agents refer to it as a “lonely business.” As mentioned before there is a lot to do, and on top of that you are dealing with most people’s largest financial transaction of their life. No pressure, right? Tons. You have to get it right or the liability falls on your shoulders. Make sure you ask for help from your fellow agents. While you’ll find that there are plenty of selfish people who won’t share their experience and secrets with you, you’ll be forever indebted to those who do. Don’t ever let them forget how much you appreciate them.

If we can help you in any way as you consider this crazy career, we’d be delighted. Give me a call or email me at wecare@thepeterscompany.com, and we’ll do lunch. I look forward to talking with you about what could be the best move of your life.

Cheers, Andy

Just Listed :: Amazing Views in Metropolis!

Thursday, May 14th, 2015

923 Peachtree Street #1627 Flyer front923 Peachtree Street #1627 Flyer back

Welcome home to this wonderful one bedroom, one bathroom studio condominium in Midtown’s highly sought after Metropolis building. Convenient to Midtown’s finest attractions, you will be in the middle of it all including prestigious shopping, award-winning restaurants, exciting nightlife, and only blocks from Piedmont Park. Easy access to Peachtree Street, I-85, I-75, and GA400 makes virtually all commutes a breeze.

Features:

  • Located in a secure access community with 24/7 concierge service.
  • Kitchen features stainless steel appliances, sleek backsplash, granite countertops, ample cabinet space, and island with breakfast bar.
  • The main living area is accented by gleaming hardwood floors and exposed cement walls, and includes a nice combination of living and dining area which are perfect for entertaining.
  • The bedroom boasts a walk-in closet and bathroom with granite vanity.
  • Laundry conveniently located in the unit.
  • The balcony provides additional living and lounging space with amazing unobstructed views of the city skyline.
  • One deeded parking space.
  • Additional amenities include a well-maintained pool, fitness center, grilling area, and clubhouse with catering kitchen and media area.
  • Great location close to interstates, shopping, and restaurants!

Just Listed :: Stunning Townhome in Brookwood Place!

Thursday, May 14th, 2015

1735 Peachtree Street NE #619 Flyer Front1735 Peachtree Street NE #619 Flyer Back

Welcome home to this wonderful townhome located in the popular Brookwood Place community. The floor plan, custom features, and charming character of this townhome will never go out of style. Convenient to Midtown and Buckhead’s finest attractions, you will be in the middle of it all including prestigious shopping, award-winning restaurants, exciting nightlife, and only minutes to Piedmont Park! Easy access to Peachtree Street, I-85,  I-75, and GA400 makes virtually all commutes a breeze.

Features:

· Kitchen features granite counters, tons of cabinet space, under cabinet lighting, pantry, and island with breakfast bar.

· The spacious living room has a cozy gas fireplace and wonderful built-in bookcases.

· The separate dining room is perfect for entertaining guests.

· Master suite is a true retreat complete with a trey ceiling, large walk-in closet, and spa-like master bath with a double vanity, and separate tile shower with dual shower heads.

· Additional upstairs bedroom is well-sized and bright with easy access to the hall bathroom.

· A loft/landing area on the second floor is ideal for a home office or sitting area.

· Laundry is conveniently located upstairs.

· A third floor bonus space would be ideal as a media room, 4th bedroom, playroom, etc.

· A lower level bedroom and full bathroom are ideal for guests.

· The patio is great for outdoor enjoyment. Four-legged friends will love having a grassy area to play in out back.

· Garage easily fits two vehicles with extra space for storage.

· Wonderful community amenities include 24/7 concierge, gated access, on-site property manager, a well-maintained pool with grilling area, fitness center, media room, conference room, and library.

Congratulations to our March Metro Atlanta Home Buyers

Thursday, May 7th, 2015

March 2015 Homebuyers

Britt, What a pleasure working with you to find your new home in the adorable Kirkwood neighborhood! Big shout out to Paige for sharing our names with you! We know you will LOVE your new home and it’s excellent location!

Kristen, congrats on your first home purchase in Smyrna’s Highlands View neighborhood! Thank you for letting us help you find the perfect place for you – I know you will enjoy the space and the location. Special shout out to Brittany for referring us! :)

Lori, thank you for allowing The Peters Company to assist in finding your first home. Love that the townhome met all of your requirements! And you are so lucky to be right on the belt line. Congratulations! Shout out to Brittany again for referring us!

Tim and Lori, congratulations on buying your first home together! You will love living in Brookhaven Fields and are surrounded by great neighbors. Wink…wink… Thank you for trusting me to help you find a super house!

Kathy, we did it again… We found another great investment condo in Buckhead’s Cross Creek neighborhood! With your vision and hard work, you will have it leased in no time. Congrats!

When we started working together, Shawn wanted to build in Brookhaven on a flat lot large enough for a pool. He ended up buying a newly built home with a gorgeous flat backyard and construction is soon to begin on his pool! Congratulations Shawn – I am glad we found the perfect home for you. Big shout out to Roger for sharing our name with you! :)

Kimberly and Jefry, So glad we were able to find you a wonderful home in Sandy Springs that is ready for your finishing touches! I hope you enjoy gardening in your beautiful, private backyard this summer!

Seth and Kendra, congratulations on your cute home in Briarcliff Heights! So happy we were able to snag that one as it was sure to get gobbled up quickly! It is the perfect home for you!

Erinn, after seeing many not so great condos, we found the perfect one with a beautiful view and balcony with a bright space for your office. I hope you enjoy your new home and convenient Sandy Springs location! Congratulations!

Congrats to Bo and Cassandra on your gorgeous new home! I love that you found such a great house in an unconventional way! As it turns out, “Make Me Move” on Zillow does work, ha. We’re glad that you stayed nearby, and we know Chamblee’s Gramercy Park is lucky to have you! Thanks for all of the laughs along the way.

Kristie and Eric, the road wasn’t always easy, but thanks for sticking with The Peters Company through moves, transfers, sales, multiple offers (and more multiple offers) to ultimately land you an amazing home in North Druid Hills! We can’t wait to see you on the patio at Verde, but only when you’re not enjoying your amazing back yard! Please send photos of the new puppy! Congratulations!

Just Listed :: Corner Unit Condo in Buckhead’s Eclipse!

Friday, April 17th, 2015

250 Pharr Road NE #918 Flyer front250 Pharr Road NE #918 Flyer back

Welcome home to this wonderful two bedroom, two bathroom corner unit condominium on the 9th floor of Buckhead’s private and highly sought-after Eclipse building. Convenient to Buckhead’s finest attractions, you will be in the middle of it all including prestigious shopping, award-winning restaurants, and exciting nightlife. Easy access to I-85, I-75, GA400, and Peachtree Road make virtually all commutes a breeze.

Features:

· Located in a gated community with 24/7 concierge  service.

· Kitchen features stainless steel appliances, granite counters, and island with breakfast bar.

· The main living area is accented by hardwood floors, floor to ceiling windows, and includes a nice combination of living room and dining area which are perfect for entertaining.

· Master suite is complete with a walk-in closet and bathroom with granite vanity, garden tub, and separate shower.

· Secondary bedroom with walk-in closet and attached bathroom is well-sized and bright.

· Laundry conveniently located in the unit.

· Balcony provides additional living and lounging space with great city skyline views.

· Largest floor plan in building! Unit also comes with two deeded parking spaces and a spacious storage unit.

· Additional amenities include secure access between floors, a well-maintained pool, fitness center, and clubhouse with catering kitchen, pool table, and media room.

· Great location close to interstates, shopping, and restaurants.

Metro Atlanta Real Estate Update :: February 2015

Thursday, April 2nd, 2015

February MMO 2015

One of my favorite parts of my job is analyzing data! I’m the weird one on the team. HA! 😉 Here at The Peters Company we had an amazing February. So, I’m always interested to see how the rest of the Atlanta market performed. 

So… How does February 2014 compare to February 2015?

  • 10% More Homes for Sale this February
  • 2.2% More Homes Sold this February
  • Foreclosures Down 2.8% to 6.8%
    • 5-10% distressed sales is normal
  • Short sales Down 8.3% to 4.8%
    • Theoretically, by 2016, all homes should be back above water
  • 4.2 Months of Supply (7.7% higher than last year)
    • Anything under 6 months of supply is considered a sellers market
  • Median Original List Price is up 12.1% to $229,900
    • Still rising due to low supply
  • Median Sales Price is up 13.2% to $214,990
    • Continuing a trend of higher median sales prices in a low-supply environment
  • Median Sales/List Price Ratio remains around 95% (Here at The Peters Co we’re around 99%)
  • Median Days on Market is up 12.5% to 63 days on market (Here at The Peters Co we’re around 18 days on the market)

All in all, February was a great month! 12,508 Metro Atlanta homes sold and prices were on the rise! And, although these numbers above pertain to single family detached residences, we continue to see fabulous improvements in the condo/townhome market. Here’s a sampling of some of the good news out of the condo/townhome market:

  • 8.9% More Condos/Townhomes Sold this February
  • Distressed Condo/Townhome Property Sales are Down 13.1%
  • 3.1 Months of Supply (even lower than detached residences)
  • Median Original List Price is up 10.9% to $176,950
  • Median Sales Price is up 14.7% to $172,000
  • Median Sales/List Price Ratio remains around 96.3%
  • Median Days on Market is down 12.8% to 41 days on market 

If you’ve been thinking of buying or selling and just want to chat about the market in your neighborhood, we’d love nothing more than to hear from you! We can give you a free and highly accurate opinion of value. Give us a call at 404-419-3619 today! 

Written by Lesley Peters, The Peters Company Managing Agent

Just Listed :: Beautiful Home in Buckhead’s Castlewood!

Tuesday, March 17th, 2015

649 Edinboro Road NW Flyer front649 Edinboro Road NW Flyer middle 1649 Edinboro Road NW Flyer middle 2

A wonderful place to call home! Nestled on a great street overlooking a quiet park in the extremely popular and active Castlewood neighborhood, this home offers living at its finest. The floor plan, custom features, and charming character of this home will never go out of style. You will love being close to all that Buckhead has to offer with easy access to the highways, byways, shopping, and restaurants that make this area such a well-loved destination.

Features:

  • The foyer greets you with rich cherry hardwood floors and an open invitation to the dining room and formal living room on either side.
  • Doors off the foyer lead to a formal living room which could also be used as an office or study.
  • The separate formal dining room is open, well-lit, and perfect for the finest of dinner parties.
  • A butler’s pantry connects the kitchen and dining room, providing plenty of additional storage for serving pieces, linens, candles, and wine! A built-in wine refrigerator and ice-maker make entertaining a breeze!
  • The gourmet kitchen features high-end stainless steel appliances, granite countertops, farmhouse sink, oversized island with breakfast bar, and breakfast area that overlooks the family room.
  • The family room located off of the kitchen has a gas starter fireplace with beautiful stone         surround and wonderful built-in bookcases.
  • The luxurious master suite is conveniently located on the main level and features recessed lighting and his and her closets with custom built-in shelving.
  • The spa-like master bath is a true retreat and features a double vanity with marble countertop, jetted tub, and separate oversized walk-in shower.
  • All additional upstairs bedrooms are well-sized and bright and have their own full bathroom with marble vanities in each.
  • An oversized bonus room is the perfect spot for an amazing playroom or teen hangout space.
  • A spacious landing at the top of the stairs provides a cozy reading nook along with a large built-in bookcase perfect for storing books, games, collectibles, etc.
  • The basement features multiple flex spaces, a bedroom, full bathroom, and an unfinished, but pre-wired media room that is waiting for your ideas. Tons of additional storage as well!
  • A true mudroom awaits for book bags, coats, shopping bags, a leash– you name it! It even has a private half bath.
  • Not only is there a useful laundry room with jetted sink for washing delicates on the main floor, but an extra wide linen closet on the second level also has washer and dryer connections.
  • The three car garage easily fits your vehicles along with providing plenty of storage space.
  • The covered stone porch with cozy fireplace overlooks a serene backyard and is the perfect spot for outdoor enjoyment and entertaining. It is a true outdoor living space!
  • Professional landscaping, warm paint colors, and a covered front porch provide plenty of curb   appeal to this already stunning home.

 

Last, but not least, check out our video on You Tube of this lovely home by clicking here!

 

The Peters Company :: Home Inspection Recommendations

Thursday, March 5th, 2015

After one of our fabulous buyer specialists have helped you find the home that makes your heart go pitter-patter, their job isn’t over yet.  It’s now time for them to make sure that this same home won’t break your heart in the future.  This is why The Peters Co. suggests several different inspections during your due diligence (right to terminate) period.

Inspection ImageHere is a quick snap shot of what we recommend:

General Home Inspection – This is a great way to get an overview of the condition of the home and to avoid purchasing a home that needs costly repairs.  These typically range in price from $400-600 and can take 2-3 hours.  During this time your inspector will look at the interior and exterior of the entire home specifically noting these areas: electrical, structural, plumbing, HVAC unit, roof, and the attic (including insulation and ventilation).  After the inspection you will receive a full report on the findings including suggestions on repairs that need to be made.

Termites (And other wood destroying organisms) – At The Peters Company we like to say “there are two types of homes in Georgia: those that have had termites and those that will have termites!”  These generally range in price from $50-100.  For your termite inspection the inspector will look for signs of current infestation, previous infestation (and make sure it was treated properly), and any structural damage from infestation. You will receive a report with the findings and any previous treatments dates that they are aware of.

Radon – Radon is a radioactive gaseous element that enters homes through foundations and can accumulate in attics and basements.  It is the second leading cause of lung cancer in the United States.  Radon tests are placed on the lowest possible level of the home.  After two days, the inspector will pick up the test. The current action level for radon is 4.0 (pCi/L).  No level of radon is considered safe, so levels should be reduced as much as possible.  Radon testing usually costs between $150-200 and if you need to have radon mitigation (to lower the levels) it can cost between $800-5,000.

Sewer/Septic  –  If you are on public sewer, you will want to have your lines scoped to make sure no tree roots or other debris are in your sewer lines and that they are in good working condition. The inspector will also look at the condition of the pipes to make sure there are no holes, cracks, rusting, or separation.  This inspection is now performed by a mini camera.  This inspection will cost around $350-400.

If you have a septic system, the inspector will look at all components of the system (the holding tank, distribution pipes, and the drain field).  It is recommended that you have a septic inspection every three years and have the system pumped every 3-5 years.  If you have your system evaluated it typically costs $300-400 and if you have it pumped and evaluated it generally costs $500-600.

Pool – To ensure that you can thoroughly enjoy your pool with your family and friends, you will want to have your pool inspection prior to purchasing the home.  This inspection typically costs $125-250+ depending on the type and size of your pool.  The inspector will look to make sure your pool is solid and leak free, as well as, look at the pumps, heaters, filters, electrical components, plumbing equipment, drains, deck area, and any coverings.  After your inspection you will get a report with the findings and any repairs that need to be made.

While inspections may seem costly, it will save you much more money in the long run.  Please consider these inspections when you purchase your beautiful Atlanta home!

Written by Katelyn Sheffield, The Peters Company Transaction Coordinator

Metro Atlanta Monthly Market Overview :: January 2015

Thursday, February 26th, 2015
MMO Jan 2015

Metro Market Overview January 2015

In 1st Quarter Last Year (2014), the real estate market (nationally and locally) experienced a dip! Coming off of a HOT 2013 market, everyone was a little shocked (including me)! It could have been the extreme winter that kept homebuyers from pulling the trigger. Remember Snowmaggaden 2014! Or, it could have just been an unexplainable blip in the radar. Whatever it was, 2014 turned out to be a great year for the U.S. housing market as 4.93 million homes were sold while national home prices appreciated by 5.8%. Not to mention, interest rates remained at historic lows making housing affordable!

So, you’re wondering… How does January 2014 compare to January 2015?

Let’s check it out…

  • 13% More Metro Atlanta Homes for Sale this January
  • 4.4% More Metro Atlanta Homes Sold this January
  • Metro Atlanta Foreclosures Down 2.6% to 6.3%
    • 5-10% distressed sales is normal
  • Metro Atlanta Short Sales Down 8.3% to 4.7%
    • Theoretically, by 2016, all homes should be back above water
  • 3.8 Months of Supply remains very stable year over year
    • Anything under 6 months of supply is a sellers market
  • Metro Atlanta Median Original List Price is up 10% to $229,900
    • Still rising due to low supply
  • Metro Atlanta Median Sales Price is up 11% to $215,000
  • Metro Atlanta Median Sales/List Price Ratio remains around 95%
  • Metro Atlanta Median Days on Market is up 21.5% to 62 days on market

All in all, January was a great month! 12,773 Metro Atlanta homes sold and prices were on the rise! At The Peters Company, we experienced the exact same thing! We sold more homes and took more listings in January than we did in January 2014!
 
If you’ve been thinking of buying or selling and just want to chat about the market in your neighborhood, we’d love nothing more than to hear from you! We can give you a free and highly accurate opinion of value. Give us a call at 404-419-3619 today! 

Just Listed :: Wonderful Condo in Midtown’s Park Central!

Wednesday, January 21st, 2015

1101 Juniper Street NE #1018 Flyer front1101 Juniper Street NE #1018 Flyer back

Welcome home to this wonderful two-bedroom, two bathroom condominium in Midtown’s private and gated Park Central. Convenient to Midtown’s finest attractions, you will be in the middle of it all including prestigious shopping, award-winning restaurants, exciting nightlife, and only a short walk to Piedmont Park. Easy access to I-85, I-75, and GA400, make virtually all commutes a breeze.

Features:

  • Located in a gated community with 24/7 concierge service.
  • Kitchen features stainless steel appliances, sleek backsplash, and breakfast bar.
  • The main living area is accented by gleaming hardwood floors and crown molding, and includes a nice combination of living room and dining area which are perfect for entertaining.
  • Master suite is complete with a walk-in closet and bathroom with garden tub and vessel sink.
  • Secondary bedroom with private bath is well-sized and bright.
  • Laundry conveniently located in the unit.
  • The covered balcony provides additional living and lounging space.
  • Two deeded parking spaces.
  • Personal storage unit a bonus for the building.
  • Additional amenities include two well-maintained pools, a roof-top terrace, fitness center, and clubhouse.
  • Great location close to interstates, shopping, and restaurants!

 

REALTOR® Equal Housing Opportunity