Decatur Homes Financing Tips

As financing becomes more complex, many Decatur home buyers are mystified by the lending processAtlanta Decatur Homes advises Buyers to find a good, professional lender who knows their stuff, someone who can anticipate any issues that may arise and walk you through them.  We can also recommend our favorite lenders, who are professional and experienced.

Here are a few questions to ask your Lender:

  • Lock-ins are important when rates are rising – ask how long the lock-in period runs and whether you can get a lower rate if rates drop during the period’
  • Ask whether you will be required to pay Private Mortgage Insurance (and ask them to explain PMI to you)
  • Ask whether there are any pre-payment penalties for paying the loan off early
  • Ask if they will be servicing the loan or if it will be sold to another company

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Decatur and Emory homes sell more quickly in the early Spring and Summer when Dogwood blossoms line the streets, and Azaleas trim almost every yard.  It’s an uplifting time of year – a great time to buy a home!

Once you’ve found the perfect home in Decatur and have AtlantaDecaturHomes Lendernegotiated a good price, be aware that the house still   has to Appraise for the market value of the property.  Your lender will send an Appraiser to the home to inspect the house and neighborhood and make an estimate of value, based on the sales of comparable homes in  the area.  All lenders require an appraisal to determine how much they could recover by selling the house if you should default on the mortgage loan.

Atlanta Decatur Homes is a local real estate company, representing Buyers and Sellers in the Decatur, Emory and Atlanta neighborhoods for over 25 years.  We also offer professional Property Management Services. Originally posted  on Atlanta Decatur Homes Website on 5/22/2016.

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Medlock Park–No Commute Emory Neighborhood

While Emory commuters from outside the Atlanta Perimeter are gathering their children and rushing to their cars, homeowners in placid Medlock Park are still snoozing, or enjoying a second cup of coffee.

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As North Decatur Road, the main conduit to the Emory community (Emory Hospital, Emory University, Eggleston Children’s Hospital, the Center for Disease Control ) creeps with traffic, many Medlock Park residents walk, bike or catch an Emory Shuttle Bus to work in the area.

Medlock Park residents are also fortunate to have nearby shopping centers with grocery stores, restaurants and shops, including a new Walmart, the DeKalb Farmers Market and soon to open Sprouts Market. There is also a  Medlock Park with walking trails and playgrounds in the area.  It’s one of the most affordable and convenient neighborhoods in Atlanta, located less than 8 miles from downtown Atlanta and approximately 18-20 miles from Atlanta Hartsfield Airport.

During the past year, 26 homes have sold in the immediate Medlock Park area, ranging in price from $245,000 to $473,000 and averaging 25 days on the market.  Medlock Park properties come on the market and go very quickly, often with multiple offers.

If you are fortunate to be a successful buyer in this desirable location,  you too may enjoy a second cup of coffee while others are contemplating the car in front of them.

Atlanta Decatur Homes is a local real estate company, representing Buyers and Seller in Emory area neighborhoods like Medlock Park, Druid Hills, and close-in Decatur and Atlanta for over 25 years.  We also offer professional Property Management Services.

Originally published 5/14/2016 on Atlanta Decatur Homes Website

Posted in Atlanta Homes, Atlanta Property Management, Buying First Home in Atlanta, Decatur Homes, Decatur Neighborhoods, Decatur Property Management, Decatur real estate, Druid Hills, Medlock Park Area | Tagged , , , , , , , , | Leave a comment

Decatur–A Walkable Eventful City!

Decatur is located less than 8 miles from Downtown Atlanta and approximately 2.5 miles from Emory University, Emory Hospital, Eggleston Children’s Hospital and the Center for Disease Control.  Decatur is a small City with major civic participation, local Police and Fire Departments and a renown School System.

Neighborhoods around Decatur contain renovated older bungalow-style homes, well-kept lawns, parks and sidewalks.  It has a vibrant, friendly atmosphere and many residents live close enough to walk to shops, restaurants, and frequent downtown events.  Annual events for Decatur are organized by the Decatur Business Association and other civic and educational organizations.  It’s a rare week when some activity is not available for residents and visitors in the downtown area near the Square.

During the month of May, Decatur sponsors Blue Sky Concerts at noon on the Square and Concerts on the Square on Saturday evenings at 7 p.m.

lantern-parade-group-photo-Beate SassPerhaps the most attended event is the upcoming Decatur Arts Festival, held on Memorial Day Weekend, and celebrated throughout the month of May. A recent Lantern Parade, associated with the Arts Festival and held in the evening,  featured an exuberant gathering of adults and children with homemade lanterns, hats and parasols strolling through the darkened streets.

On Memorial Day Weekend, the main Decatur streets are blocked to traffic, and a bustling crowd gathers to enjoy a diverse Arts Festival featuring over 150 artists, dance performances and music.DArtsTables

Another popular annual event is the Decatur Beach Party, held June 17, sponsored by the Decatur Business Association – a ticketed event with  lots of sand, games and music.

Posted in Atlanta Homes, Atlanta Property Management, Decatur Arts Festival, Decatur Homes, Decatur Neighborhoods, Decatur Property Management, Decatur real estate, Decatur Townhomes and Condos, Druid Hills, Emory University | Tagged , , , , , , , , , | Leave a comment

Need A Property Manager Near Emory?

During the past several years, rentals have almost surpassed home ownership in popularity, particularly in the Atlanta and Decatur neighborhoods near Emory University.

While rental growth has leveled off nationwide, rents have continued to rise in close-in Atlanta areas, jumping 3% from December 2015 to January 2016  for a 1-bedroom unit. In addition, the housing market has been hampered by a severe lack of inventory, causing a flood of “would be buyers” to seek rental possibilities.  Increased demand in desirable areas near Emory, downtown Decatur and Atlanta has also led to higher rents and fewer available properties to lease.

A recent article by Phil Hudson in the Atlanta Business Chronicle indicated approximately 32% of renters in Atlanta are designated “millenials”, ages 18-34, who are young adults that can’t afford to buy or don’t want to be bothered with the hassle of owning.  They are attracted by the flexibility of leasing, including mobility to move when necessary and by the services provided by Landlords or Property Managers.

With the increase in the number of people moving into the rental market, it is important for Owners and Managers to maintain good records and provide excellent service.

Atlanta Decatur Homes is a local Property Management Company, representing properties  located in the Emory, Druid Hills, and Decatur neighborhoods.  One of the complaints we hear most often from prospective renters is that the Manager and/or Owner is not responsive.  Here are a few tips that may help:

  • Screen tenants carefully
  • Get it in writing
  • Handle security deposits judiciously
  • Make repairs as necessary
  • Give notice before entering
  • Buy adequate Insurance

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Emory Property Manager

If you would prefer to live your life and focus on other priorities, Atlanta Decatur Homes will maintain your property and keep your tenants happy. We have years of experience and know the Emory Decatur neighborhoods well.

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Round About Emory Village

Emory Village in Druid Hills has been reinventing itself for the past few years.  Once a confusing bottleneck of streets, Emory Village now has a stream-lined “roundabout” that funnels traffic easily around the five adjoining streets.  Students and residents now have directed walkways to pass through the intersection, and a nearby Park Area as well.

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Emory Village has been the local hangout for residents of Druid Hills and for students and members of Emory University faculty for many years. Last year, Everybody’s Pizza, longtime favorite bar and restaurant, closed their doors for good and was mourned by many. Now several new establishments  have moved into Emory Village.

  • Slice&Pint pizza and brewery opened recently on the corner offering quality beer and homemade pizza.
  • Ink & Elm owners Nick Chaivarlis and Keith Osborne were inspired by Frederick Law Olmstead, who developed the adjacent Druid Hills neighborhood in the 1890’s and his vision, adopting the name Ink – an allusion to Olmsted’s renderings, and Elm – for his favorite tree.  Stylish décor and an inviting lobby, along with their varied menu, make this new restaurant/tavern a popular destination in Emory Village.

Some favorite restaurants and shops are still operating here

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  • Sabaoffers handmade pastas and an intimate family setting for lunch or dinner
  • Rise-n-Dine – the best place for breakfast with homemade granola and an enticing menu
  • Panera Bread – a remodeled bakery-café with dining room and outside patio – always fresh breads and healthy salads

EmoryEnt-6-14bLocated on one of the five streets in the  Emory“roundabout”  is the main entrance to Emory University, well known for it’s outstanding liberal arts, graduate and professional schools.   Emory campus is lovely in all seasons and a pleasure to walk through.

 

Atlanta Decatur Homes, a local real estate company, serving buyers and sellers in Atlanta, Decatur, and Emory University neighborhoods for over 25 years.  We also offer professional Property Management services.

Posted in Atlanta Home Buyers, Atlanta Homes, Decatur Homes, Decatur Neighborhoods, Decatur Property Management, Decatur real estate, Decatur Townhomes and Condos, Druid Hills, Emory University, Emory Village | Tagged , , , , , , , , , , , | Leave a comment

Horse Riding in Atlanta and Decatur, GA

Horse Riding in Atlanta?  Atlanta is a sprawling metropolitan city with many charming neighborhoods and homes in Atlanta, Decatur and around Emory University.  There are office parks, restaurants,  shopping centers and traffic in abundance!   You may not realize, however, that you can actually board a horse or learn to ride  in your own neighborhood!

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Little Creek Farm is a 40-acre farm, located opposite North DeKalb Mall in Decatur and operated through the DeKalb County Department of Parks and Recreation as part of their “green space” conservancy.  One of the last remaining horse farms inside the I-285 perimeter highway, Little Creek Farm is a calm oasis in a busy city.  The Farm Conservancy recently completed a new 46 stall barn with an indoor arena and wash stalls.  They offer riding lessons to children and adults in all levels, as well as boarding facilities.  There are 12 acres of riding trails along a creek and through a wooded area.

A volunteer-run nonprofit organization, Stride Ahead, is also located at Little Creek Farm and offers equine-assisted programs for the special needs and at-risk population.

Here are a few other riding options that are ideally located in Atlanta:

  • Vogt Riding Academy, located close to Emory University, offers instruction in vaulting, jumping and dressage.
  • East Cobb Stables, located in Marietta, Ga , is a 3.5 acre facility that provides boarding, riding lessons, birthday parties, pony rides and a summer camp program.
  • Chastain Horse Park, located in Chastain Memorial Park in Buckhead, Ga, occupies 13 acres and is operated as a non-profit organization  with riding lessons, boarding, special events, and camp programs.

Atlanta Decatur Homes is a local real estate company serving buyers and sellers in Atlanta, Decatur, and Emory University neighborhoods for over 25 years.  We also offer professional Property Management Services.

Posted in Atlanta Home Buyers, Atlanta Homes, Atlanta Property Management, Buyers, Decatur Homes, Decatur Neighborhoods, Decatur Property Management, Decatur real estate, Decatur Townhomes and Condos, Druid Hills, Emory University, horse riding in Atlanta, horseback riding Atlanta, Medlock Park Area | Tagged , , , , , , , , , , , , , , | Leave a comment

Decatur, Georgia–Fun Events to Attend

Real estate sales for housing in Atlanta and Decatur homes are brisk, with some properties selling before they are actively on the market.  Homes in Decatur are at a particular premium and there is a reasonable explanation.

Decatur is a fun place to live – has excellent schools, and  it’s own municipal services like first class Police and Fire Departments.  In addition, the City of Decatur sponsors so many local events and festivals throughout the year, it’s hard to keep track of everything you could attend.

homes in Decatur, Decatur Arts FestivalFor example, the Decatur Arts Festival was held this past Memorial Day weekend and is a perennial favorite, drawing crowds from throughout the metropolitan Atlanta area.  Lively entertainment, beautiful weather, and lovely exhibits combine to make this event especially successful.

 

Here are a few upcoming activities that are always interesting and fun to attend:

Several more dates are worth saving on your calendar

  • Blue Sky Concerts – September 3, 10, 17, 24
  • Concerts on the Square – September 6, 13, 17, 20

Decatur has been voted one of the most walkable cities in the country.  Come to Decatur for one of the many scheduled events and see why this small town is so popular.

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If you are considering a move to this dynamic small  city, please contact Atlanta Decatur Homes, a local real estate company serving buyers and sellers in the Atlanta, Decatur, Druid Hills and Emory University neighborhoods for over 25 years.  We live in the area and would be honored to assist you in your search.

Posted in Atlanta Homes, Atlanta Property Management, Atlanta Townhomes, Decatur Arts Festival, Decatur Homes, Decatur Neighborhoods, Decatur Property Management, Decatur real estate, Decatur Townhomes and Condos, Druid Hills, Emory University | Tagged , , , , , , , , , , , , | Leave a comment

City of Decatur–Something for Everyone!

Decatur, Georgia, has become one of the most popular in-town neighborhoods in the metropolitan Atlanta area.   Early citizens rejected a proposal to make Decatur a major railway terminal because they didn’t want the noise and pollution, and subsequent city planners have built a vibrant community that oozes charm and retains the original character of the surrounding neighborhoods. Decatur is a small city that has done things right!

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What makes the City of Decatur Great?

  1. Location is always key for prospective home buyers, and Decatur is centrally located just a few miles Northeast of Atlanta,  about 20 minutes from the Atlanta Airport, and has easy access to all major expressways.
  2. Home buyers are also interested in good schools and the City of Decatur has a top-rated system that consistently scores high marks for excellence.  The City of Decatur also has it’s own Police Department and Fire Department, so services are local and readily available to residents.
  3. According to Livability.com, Decatur ranks as one of the top walkable urban areas.  Homes in walkable communities are high on the desirable list.  The area is not just for walkers, but for bikers, as the City has developed roadways and paths for bike enthusiasts as well.   Downtown Decatur contains numerous small shops, restaurants, and businesses.  The City also sponsors  frequent community events like the Decatur Book Fair, the Beach Party with real sand, and the Decatur Arts FestivalDecatur has also been named as the No. 1 Foodie City by Livability.com, which is a website that ranks the quality of life in small and mid-sized cities in the U.S.  Decatur has a diverse selection of restaurants, some of which are showcased on the Decatur Tourism site DecaturRestaurant-Tour.com.
  4. All in all, many excellent reasons to consider the City of Decatur if you are thinking of buying a home.

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If you would like to be a part of this dynamic neighborhood, contact Atlanta Decatur Homes, a local Atlanta real estate company, selling homes in Atlanta, Decatur, Druid Hills, Medlock Park, Morningside, Virginia Highlands & Tucker for over 25 years.  We also offer professional Property Management services.

Posted in Atlanta Home Buyers, Atlanta Property Management, Decatur Homes, Decatur Neighborhoods, Decatur Property Management, Decatur real estate, Decatur Townhomes and Condos, Druid Hills, Emory University, Historic Neighborhoods, Real Estate, Selling Your Home | Tagged , , , , , , , , , , , , | Leave a comment

Popular Decatur Neighborhood–Medlock Park

Reasonably priced homes located within close proximity to Emory University are not staying on the market long.  In fact, the average days on the market for nine properties that have sold since January 1, 2014 in the popular Medlock Park area is 41 days!

Homes in the Medlock Park neighborhood located just 2-3 miles from Emory sell between $150,000 and $270,000.  There are currently 14 homes for sale and 16 pending sales since the beginning of the year.

MedlockparkareaMedlock Park is an area surrounded by convenient restaurants, grocery stores, shops, and the vibrant downtown City of Decatur is only a few miles east.

The neighborhood also contains Medlock Park, a lively complex with playgrounds, swimming pool, and an incredible 2 mile walking and bike path; plus the fabulous Shepherd Nature Preserve.

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The Medlock Park area is a close knit community with an active neighborhood association.  Prospective home buyers will enjoy the convenient location accessible to all activities, reasonable home prices, and congenial neighbors who walk their dogs, work  in their yards, and supervise their children at the local parks.

If you would like to be part of this special neighborhood, contact Atlanta Decatur Homes, a local Atlanta real estate company, selling homes in Atlanta, Druid Hills, Decatur, Medlock Park, Morningside, Virginia Highlands and Tucker neighborhoods for over 25 years.  We also offer professional Property Management.

Posted in Atlanta Home Buyers, Atlanta Homes, Atlanta Property Management, Atlanta Townhomes, Decatur Homes, Decatur Neighborhoods, Decatur Property Management, Decatur real estate, Decatur Townhomes and Condos, Druid Hills, Emory University, Medlock Park Area, Selling Your Home | Tagged , , , , , , , , , , , , , , | Leave a comment

Why Owning Residential Rental Property Still Works – 2014

The Atlanta real estate industry is finally beginning to see signs of recovery.  In fact, the National Association of Realtors announced that the real estate market overall made a “robust” recovery in 2013. This may be the best time to own residential Rental Property.

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Our local multiple listing service, FMLS, indicated that properties sold in the Emory area and the City of Decatur increased by 60% from 2012 to 2013; that properties were selling closer to list price; and were on the market about 30 days less than in 2012.

The sale of Foreclosures and Short Sales has affected a large portion of the metropolitan Atlanta area during the past 4-5 years, but that inventory is dissipating, and the influence of major investors picking up distressed housing has almost disappeared.  There are, however, still some decent properties available for local investors who are looking for rental income.

ForRentPastelHere are a few predictions for the 2014 real estate market that could influence a healthy rental market for investors.

1)  Interest rates are likely to rise –More will be renting.

2)  Home prices will also rise – More will be renting.

3)  Many homeowners who lost homes through foreclosure and short sales will not be able to purchase another home for some time. – More will be renting

4)  Zillow reports in an article dated December 30, 2013 by Jennifer Chan  “that home ownership will fall below 65% in 2014, the lowest since the mid-1990’s.  The easy lending standards we saw during the housing bubble led to higher-than-normal homeownership, and in the recovery we’re seeing ownership rates normalize.”  More will be renting

5)   Chan also highlights another issue impacting the decline in ownership by Gen-Y-ers who are renters.  “This group is the next generation of homeowners, but they’re seeing high unemployment and low wages”.  More will be renting

6) Chan also indicates that “rising home prices will encourage Americans to move, but to less expensive areas where housing is more affordable.  Metros like Houston, Dallas, Denver, Atlanta and Portland will see a growth in residents”.  More will be renting

Atlanta Decatur Homes is a local real estate company selling homes located in Atlanta, Decatur, and Emory University neighborhoods for over 25 years and offering professional property management for homes in the Emory area.

Posted in Atlanta Home Buyers, Atlanta Homes, Atlanta Property Management, Atlanta Townhomes, Decatur Homes, Decatur Neighborhoods, Decatur Property Management, Decatur real estate, Decatur Townhomes and Condos, Druid Hills, Emory University, Real Estate | Tagged , , , , , , , , , , , , , , | Leave a comment