3043 Nancy Creek Road
Atlanta, Georgia 30327
Stately estate home refreshed and ready. This antebellum makes perfect use of just over 1 acre lot and includes inviting pool with cabana. Stunning and impressive details abound from the carved front doorknob, light flooded kitchen, and fantastic layout. This is coveted flat section of Nancy Creek between West Wesley and Ridgewood. Main floor is an entertainers dream with wide foyer, dining room, living room, office, den (can double as bedroom with full
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Real estate statistics are so much fun. For example, we can tell you something crazy like – if nothing else comes to market in Buckhead, it will take us one month to sell out of all listed single-family housing. Continued low-interest rates, strong demand, and no inventory cause amazing things like one listing that in the first ten days of this new year garnered 55 showings and 13 offers in three days. What was that about an early spring market?… Read more
Buckhead’s Place in Atlanta
Atlanta boasts a very strong and diverse economy, productive workforce, a range of school options along with cost-effective collegiate options courtesy of the Hope scholarship and a world-class state university system. These factors, along with a desirable climate, coalesce to draw people from all over the world to this area. Buckhead continues to be Atlanta’s most exclusive single-family market. The case for Buckhead development remains strong – as it is set aside from the City of … Read more
Overall, it is not a Buyer’s market for residential real estate in Atlanta. Heery Brothers thinks of a buyer’s market as conditions where purchasers have the leverage to negotiate favorable price and terms. This is all property by property, but many buyers feel foiled by today’s market. Many experience scare inventory, lacking options and price exhaustion. Good news is this is starting to correct. We see signs of equilibrium. Let’s address the supply side.
Atlanta’s detached residential housing inventory:
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First to the bottom line before the Heery boys get all wonky – Earnest money amounts are going up! A major change in how the contract is written is going to push sellers to ask buyers to have “more skin in the game.” This change may also be accompanied by increasing interest in leaseback period after closing. We are not a fan of sellers living in the houses after closing, but this may also result.
Recent case law which strikes … Read more