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Category Archives: Atlanta Real Estate

OWNING A PIECE OF ATLANTA HISTORY

19 Friday Feb 2021

Posted by Mary Anne Walser, REALTOR in Atlanta Real Estate, homebuyers

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Despite our Civil War history (the burning of Atlanta), Atlanta still has many historic neighborhoods. Definitions vary, but generally speaking in a home built in 1925 or before (i.e., those homes which are approximately 100 years old or more) is “historic“. (I am speaking of older homes that aren’t necessarily on any historic register, but which are historic in character, age, and appearance). When we sell such a home, we want to be sure that buyers understand that they typically cannot expect the features of a new home. Many parts of the house may be original (even though, of course, many historic homes have been renovated, sometimes multiple times, which can carry its own concerns).

Recently we sold a gorgeous home in Grant Park that was built in X. The home at one point in its history had been in foreclosure, but had subsequently been purchased, loved, and thoroughly renovated by its current owners. Although they knew a lot about the house, there is of course a lot they did not know or could not know. (Typically when a home is sold out of foreclosure, no information is provided about the house at all and it is sold “as is“). So we were dealing with a lot of knowns, but also a lot of unknowns.

When you purchase an historic home, here are some things to look out for: consider hiring an inspector who is familiar with these older homes.  Although a good inspector can probably handle reviewing most of the issues that might arise, still an inspector with specific experience might be best.

For instance, in Grant Park you might ask for an inspector who has previously inspected (successfully) homes in that same neighborhood or at least homes and neighborhoods of similar vintage.  Here are some specific considerations you will want them to address, and other things you will wish to consider:

  • Foundation and structural integrity. You might consider that a home that has stood for 100 years is probably relatively solid, particularly if there’s no evidence of settlement or of cracking. (Of course, the floors are probably uneven as they are in most older homes. This alone is not necessarily evidence of structural problems.)  But there may be evidence that isn’t obvious to the untrained eye. Your inspection should take a close look at any structural supports for the main structure, and any evidence of termite damage. I once had an inspector tell me that there are three types of homes in Georgia: those that have had termite, those that have termites, and those that will have termites. In other words, termites are ubiquitous in Georgia and we must always look out for them.  Make sure your inspector takes a close look and ask your seller to supply a year-long termite bond at closing.
  • Plumbing. Also typical of older homes is that the cast iron sewer line to the street might be original, and if so might be rusting or overrun with tree roots. Definitely consider having a sewer line inspection, which is typically separate from an additional charge to the general home inspection.  A check of the entire plumbing system is important.
  • Electrical. Definitely check to see that the electrical has been updated and if so, when. Almost always in these older homes electrical has been updated from the original. Although I personally did buy a home that had a fuse box early on in my career – I simply had it replaced with a breaker box. It’s not unusual to find electrical components from multiple eras in one home, and you want to be sure the system is safe.
  • Lead based paint. Lead at one time was a major ingredient in paint, and can be a health hazard.
  • Asbestos. Some of the older roofs may have asbestos shingle, the siding may be asbestos siding, or there may be asbestos tile in the home. The concern here is that when the time comes to remove the asbestos material it is a more difficult and costly job because of the nature of asbestos. When asbestos becomes loose (called friable) it is a health hazard. Therefore have your inspector look for evidence of asbestos in your home. (Many inspection reports will show that there is asbestos tape around some of the HVAC ducting in an older home. This is not as concerning, as asbestos tape can simply be covered up. But the other forms of asbestos – flooring tiles, siding, and roofs are more of an issue.)
  • Plaster walls. Homes which are that old typically will have plaster walls. Currently, of course, we use drywall, which is more easily hammered into and patched when damaged. Plaster walls can crack and you must be extremely careful when hanging things on plaster walls. And many of the older homes, you will see picture railings several feet from the ceilings (which are typically very high). These were used with wires to hang pictures from so that nails would not have to be driven into the plaster. You may wish to consider using picture railings for your plaster walls, or at least being extremely careful and having a professional who is familiar with blaster hanger wall art and hangings for you.

In addition to these inspection issues, it is always good to get a survey of an historic home. In Atlanta, years ago, there often was little concern or regard for boundary lines, particularly in some areas of town.  A home might have been built on a boundary line with no repercussion. So getting a survey is always a good idea if your seller cannot supply one.

Owning a piece of Atlanta history is an amazing experience – call us when you’re ready to call one of the city’s historic homes your new home!

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“Marvel”-ing at Pinewood Forest

01 Tuesday Oct 2019

Posted by Mary Anne Walser, REALTOR in Atlanta Real Estate, Pinewood Forest, real estate

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#AtlantaRealEstate, #buysellatl, #pinewoodforest

Whether it is frustration with Atlanta traffic, the need to live close to the airport, or just the desire to “get away from it all”, buyer interest in the communities south of Atlanta has grown exponentially over the past few years. This interest has been largely driven by Serenbe, the nature-centric sustainable artistic community that feels like an entirely different world of farmland, horses, farmhouse-inspired architecture and farmer’s markets.

Now another arts-driven fantasyland has sprung up south of town, this one movie-centric, indeed, looking like it is itself a movie set.  PINEWOOD FOREST is a development just across the road from Pinewood Studios located northeast of Fayetteville, like Serenbe less than a half hour from the airport and from downtown Atlanta. It is picture perfect and design savvy, with and includes everything from tiny houses to manor homes. Generally speaking the offerings are more affordable than Serenbe, by design. The idea here is to encourage fewer cars, more walking, and more human interaction. Pinewood Forest is named after the production studios across the street, Pinewood Studios, where Marvel and other Hollywood studios have filmed some of their larger recent productions.

I took a tour of Pinewood Forest recently with the town’s President, Rob Parker, who describes Pinewood Forest as a “Town for Creating”. Part of the new urbanism movement, the town is designed to encourage artistic creation of all types and to provide an environment where residents can easily walk to restaurants, theaters, gyms, and to parks where children can play and adults can socialize. There is also lots of green sustainable features as well, including the fact that all the air conditioning is geothermal.

There are fifteen miles of walking paths, plenty of electric car plug-in stations, and in addition the garages are all positioned behind the homes and townhomes, which is a cool feature which keeps the focus OFF driveways and cars. (There is still guest parking situated in plain view, but at least the residents park off the main drag, adding to the pedestrian feel of the town).

And there are plenty of grand theatrical touches one might expect from such a place, including a Keith Summerour-designed, Roman inspired, movie star-worthy swimming pool and a large multiplex where it is hoped some of the movies filmed across the street at Pinewood Studios will premier. There’s a brand spanking new (well, heck, EVERYTHING here is brand spanking new) Piedmont Wellness Center where you might be able to work out next to your favorite Marvel superhero.  (Among the movies filmed in full or in part across the street are Antman, Spiderman, Captain America, Passengers, Black Panther….)

Pinewood Studios across the street from Pinewood Forest is the second largest studio in North America, and it’s the only one stop shop for film makers in the Southeast. Everything one needs to shoot a movie is here – even the Georgia Film Academy, which trains students to work in various aspects of the movie business and provides skilled labor and interns to the movies that shoot here. More than 450 productions were filmed here last year.

So if you have an urge to get away from it all yet still be in the center of a thriving arts community, Pinewood Forest is your place.  Just give me a call – I would love to give you a tour and show you the homes for sale there.

A gathering at one of the beautiful light filled homes at #pinewoodforest
A gathering at one of the beautiful light filled homes at #pinewoodforest
#pinewoodforest is a motion picture themed green community south of Atlanta.
#pinewoodforest is a motion picture themed green community south of Atlanta.
A rendering of the new activity/fitness center at #pinewoodforest
A rendering of the new activity/fitness center at #pinewoodforest
The pool at #pinewoodforest has a Roman theme.
The pool at #pinewoodforest has a Roman theme.

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The Psychology of Home Selling

31 Thursday Jan 2019

Posted by Mary Anne Walser, REALTOR in Atlanta Real Estate, homebuyers, real estate, Real Estate Psychology, sellers

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Selling a home is an art as well as a science. We often focus on spreadsheets and appraisals and professional stagers when we go to sell a home, but if you want to sell fast and for top dollar (and who doesn’t?) it pays to also focus on the buyer’s state of mind.

Using psychological principles pays off. I recently had a listing appointment with Tony and Susan. They had moved to Atlanta four years ago and I helped them buy a home in Atlanta at that time. Now Tony has accepted a job in Massachusetts and so they need to sell their home and move out of state.

Their home has appreciated a lot in value (by about $75,000 in those four years) so we talked about the great decision they had made when they purchased the home. Tony told me, “and you were such a great help in selling our previous home when we purchased this one.” But The problem is, I hadn’t sold their home – they moved here from Charlotte and an agent there had been their listing agent. I don’t sell houses in Charlotte. Then Tony explained, “we did what you told us to do and your advice sold our home in Charlotte, even though we had a different agent there. That’s how we know you are the best person to sell this home, too.” Indeed, in Atlanta, in Charlotte, in any city – there are a few universal principles that will work to sell a home anywhere. So let’s talk about a few of these.

First, homebuyers buy emotionally and justify logically. That bears repeating; please let it sink in. Homebuyers buy emotionally and justify logically. It’s like picking a mate. You don’t pick the person who is the most practical – you pick the person you fall in love with. Then, of course, you also want to know that the person is a good practical choice as well. You might fall in love with your partner’s deep thoughtful eyes but then want to know that they are ethical, responsible, and gainfully employed. Well, it’s the same thing with houses. A buyer chooses the home that appeals to them emotionally, then wants to be sure the home makes sense logically. A home purchase is more emotional than almost any other purchase because of what “home” means to us, but because it is also a large purchase, buyers will investigate to be sure it makes sense logically once they have fallen in love with the home. So let’s take a look at how to appeal to buyers both emotionally and logically.

A buyer will look at a home and think that they will become the type of person who lives in that home. And what I mean by that is if the home is neat, clean and organized, the buyer will believe that if they move in, they will become neat, clean and organized. Meaning that a neat, clean, organized home will most appeal to a buyer. So we get homes ready to sell by making them into a home reflecting an “ideal” lifestyle.

Then, with the buyer, it all starts online, where the buyer first sees your home. We stage your home perfectly and then take professional photographs so that the right buyer will fall in love with your house before they ever walk in the door. It needs to be “ideal” online so that when the buyer comes to the door they come with positive expectations. Psychologists talk about something called the “confirmation bias”, meaning that when we believe something to be true, we look for evidence to confirm that belief and are more likely to overlook evidence contrary to the opinion that we have formed. Therefore, when a buyer comes to your home with positive expectation, you are way ahead of the game, for if they expect to love it, they are more likely to love it.

First impressions are very important. Malcolm Gladwell wrote about it in his popular book “Blink” – important decisions are often made in the blink of an eye. And with a home, after the very first impression online, the first “in person” impression has to be top notch as well. That’s why curb appeal is so important. So make sure you’ve paid a lot of attention to landscaping and the exterior condition of your home.

If you have used the confirmation bias to your advantage, be sure that you also utilize the fact that buyers “justify logically” to your best advantage. I ask my sellers to write a “buyer letter” putting forth both emotional and logical reasons they, the sellers, chose the particular home. Let the buyer know about the great schools and positive things going on and coming up in the neighborhood that will increase their property values over time. Make a list of the upgrades you have made to the home while living there. Many of the practical upgrades – a new roof, for instance – won’t mean as much to the appraiser as a home seller thinks that it will, but it definitely makes a difference to the buyer. Especially if that buyer is also looking at a home down the street that will need a NEW roof in short order. As your agent, I will emphasize the comparables that make your home a particularly great deal and will also point out the logical reasons your home is the best for a particular buyer, but information coming from a seller has a special impact that is difficult for an agent to provide.

Another psychological truism that applies to home selling is the doctrine of primacy and recency. When presented with a number of choices, it is natural for us to remember the most recent thing and/or the first thing presented to us. That means after a long day of house hunting, buyers will remember the last home that they saw and the first home if all other things are equal. We cannot dictate the order of homes shown when dealing with other buyer agents, so we use brochures of heavy stock glossy paper that are particularly eye catching and which are foldable 8.5 by 22 inches. Buyers put other flyers in this one, and voila – you are the first thing they see when they go to look over the flyers for the day.

Also, when a buyer is looking for a primary residence, they are looking for “home” and for all the emotional appeal that connotes. So consider what makes a home feel like a home. The term “hygge” (pronounced “hoo-gah”) is one “home” concept to consider and is worth examining. The term is Danish and refers to a feeling of coziness and contentment. Even the largest most spacious home can give a prospective buyer the feeling that they will be comfortable and content there (and even cozy, in certain areas of the home) if you will do a few things as a seller. One of these is to bake cookies and to leave them out with bottles of water and a note inviting buyers to help themselves. While it seems cliche and heavy handed, I can tell you from personal experience that it will improve a buyer’s attitude towards your home whether or not they eat they cookies (and if they do, there is the added benefit of elevating the buyer’s blood sugar levels, which improves mood and therefore a buyer’s view of the home). Also, make sure that there are nooks and crannies that are staged to appear comfortable and cozy – the type of place where one would curl up with a book (in fact, leave a book or two in those nooks for that purpose). Other things that can make a buyer feel a sense of home are candles and a fire in the fireplace (if it is winter, and of course if your agent is going to be present to supervise the fire or candles).

Do not discount the importance of considering the state of mind of the buyer when selling your house. Choose an agent who has studied the psychological principles applicable to homebuying. Together, you can convince the buyer that your home is the right home emotionally AND logically.

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Falling in Love with Atlanta All Over Again….

18 Monday Sep 2017

Posted by Mary Anne Walser, REALTOR in Atlanta City Planning, Atlanta Real Estate, real estate

≈ 1 Comment

Tags

Atlanta City Design, curbed.com

It would be hard NOT to love Atlanta, the City in the Forest, wouldn’t it?  I know that not everyone does.  But there’s so much to love about Atlanta, and it gets better every year.  I currently spend most of my time in Dubai, UAE, with my architect/husband who is on assignment here.  Dubai is a city of crazy architecture; one writer describes it as the city designed by drunk architects, and so it seems.  Every building is crazier than the last.

Photo Jun 30, 7 31 03 PM
Photo Aug 24, 18 55 52
Photo Jul 01, 11 54 26 AM
2017-03-24 04.52.55

So returning to Atlanta is refreshing.  Every day The Beltline is more developed and new projects are announced.  Not crazy architecture like Dubai, but Atlanta’s version of modern.  An old Sears building repurposed to office, shopping, and events (Ponce City Market).  Old railway tracks repurposed to an amazing hiking/biking/transit trail (The Beltline).  And there is a real property boom in Atlanta right now with more than 45 new projects in Midtown alone this year, according to Curbed.com.

But Atlanta’s growth is not unfettered; the city does its best to make sure growth occurs in an orderly and smart way.  So Atlanta has announced “Atlanta City Design” – a design for future growth and development so that future growth has direction.  The emphasis is on PEOPLE and NATURE, and “people IN nature”.  Thus, the City in the Forest will remain nature focused while progressing forward.

As I watch what is going on in my beloved home city of Atlanta, I am full of pride and hope, and as I dust desert sand off our balcony overlooking the tallest building in the world, I pledge to enjoy my time here, but I cannot wait to return to Atlanta and see what is in store!

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Shining Light on “Blind” Offers

12 Wednesday Jul 2017

Posted by Mary Anne Walser, REALTOR in Atlanta Real Estate, homebuyers, Offers, real estate

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#Atlantahomebuying, #AtlantaRealEstate, #realestateoffers

Low Inventory, Fast Turnover

Property is moving quickly!

Low inventory and rising prices make for harried – and hurried – homebuyers.  Our client Michele couldn’t get into homes fast enough – due to her work schedule and travel, homes were under contract before she was available to even see them.  So Michele took an extraordinary step that we are seeing more and more clients take with increasing confidence.  Michele made an offer on a home that she HAD NOT YET SEEN.

This is becoming more common according to the National Association of Realtors.  Because there is so much competition over limited inventory, buyers like Michele – or buyers who are moving in from out of town and aren’t IN town to see a new listing – are more and more likely to make an offer sight unseen.  While it is always preferable to see a home before you make an offer on it, there are circumstances where a sight unseen offer can work out.  Here is our handy guide for successfully making an offer “sight unseen”.

  1. Sight unseen only means that YOU have not seen it. As your agent, I will have seen it if you cannot, and preferably with a trusted family member or friend you designate as your eyes on the property prize when you are not available.
  2. The sight unseen tactic is most likely to work if you have a base knowledge of the inventory out there, and a good idea of the area in which you want to buy. If you know you want to live in Virginia Highland, for instance, and have seen enough in person to know what you like but are not available with the “right” listing comes on the market, a “blind” offer might be fine.
  3. To increase the chance that your sight unseen offer will be accepted, be sure that at least your agent has seen it, and write a note to the seller about why you are in a hurry to make an offer and what about the home seems perfect for you.
  4. Make sure you see the property AS SOON AS YOU ARE ABLE. Even if we feel the property will move so fast that you have to get an offer in right away, when you come to town or are free from work, SEE IT as soon as you can.
  5. Most contracts in Georgia have a DUE DILIGENCE period during which the buyer can terminate for any reason or no reason at all, making it much less risky to make a sight unseen offer than if we did not have that due diligence period. However, to be fair to the seller, to other buyers and to yourself, if the property turns out not to be right for you, you will need to know sooner rather than later and terminate the contract as soon as you know it is not the right property.

While a seller will prefer a buyer who has seen their home personally, this phenomenon is *good news* for sellers.  Buyers will to make good offers “sight unseen” mean there is great demand in the marketplace.  So if you have been thinking about selling your home, NOW is the time – please call and let us show you how to get the most money for your property.

 

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Mary Anne Walser, Realtor & Licensed Attorney

Keller Williams Realty
3650 Habersham Rd.
Atlanta, GA 30305
404-277-3527

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