/PRNewswire/ -- Mortgage rates were down for the third week in a row, with the average conforming 30-year fixed mortgage rate falling to 5.07 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.42 discount and origination points.
To see mortgage rates in your area, go to http://www.bankrate.com/funnel/mortgages/
The average 15-year fixed mortgage stepped down to 4.45 percent and the larger jumbo 30-year fixed rate sank to 5.85 percent. Adjustable rate mortgages were mostly lower, with the average 3-year ARM backpedalling to 4.44 percent while the 5-year ARM dropped to 4.27 percent.
Worries over European debt rattled financial markets and brought mortgage rates to the lowest level since St. Patrick's Day. Once again mortgage shoppers were direct beneficiaries as nervous investors equate to lower mortgage rates. Furthermore, this cloud of global economic uncertainty likely gives the Federal Reserve even more latitude to hold the line on interest rates, so mortgage rates will stay a little lower, a little longer, than what was forecast just a few weeks ago.
The last time mortgage rates were above 6 percent was Nov. 2008. At that time, the average rate was 6.33 percent, meaning a $200,000 loan would have carried a monthly payment of $1,241.86. With the average rate now 5.07 percent, the monthly payment for the same size loan would be $1,082.22, a savings of $159 per month for a homeowner refinancing now.
SURVEY RESULTS
30-year fixed: 5.07% -- down from 5.12% last week (avg. points: 0.42)
15-year fixed: 4.45% -- down from 4.49% last week (avg. points: 0.39)
5/1 ARM: 4.27% -- down from 4.31% last week (avg. points: 0.35)
Bankrate's national weekly mortgage survey is conducted each Wednesday from data provided by the top 10 banks and thrifts in the top 10 markets.
For a full analysis of this week's move in mortgage rates, go to http://www.bankrate.com/mortgagerates
The survey is complemented by Bankrate's weekly Rate Trend Index, in which a panel of mortgage experts predicts which way the rates are headed over the next seven days. Nearly two-thirds of the panelists, 64 percent, don't expect much change in mortgage rates and forecast that rates will be more or less unchanged over the next week. Count 29 percent as predicting an increase in mortgage rates, with just 7 percent foreseeing further declines over the next seven days.
For the full mortgage Rate Trend Index, go to http://www.bankrate.com/RTI
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Thursday, May 13, 2010
Bankrate: Mortgage Rates Decline Amid Market Volatility
Friday, January 1, 2010
US Department of Housing and Urban Development Releases Latest Version of Shopping For Your Home Loan
/PRNewswire/ -- In its first revision in over 10 years, the US Department of Housing and Urban Development (HUD) advises home buyers that it is their responsibility to search for a real estate agent that will represent their interests. In Shopping for Your Home Loan - HUD's Settlement Cost Booklet, HUD states: "If you want someone to represent only your interests, consider hiring an 'exclusive buyer's agent,' who will be working for you."
The National Association of Exclusive Buyers Agents (NAEBA) views this as an important element of the new era of home buying.
"'We are pleased to see that the wisdom of having someone in your corner and on your side is being conveyed to Buyers by HUD. Because most real estate agents represent Sellers, HUD emphasizes, and the National Association of Exclusive Buyers Agents stresses, that it is a Buyer's responsibility to find an agent who will represent their best interests in their real estate transaction," said Benjamin Clark, 2010 President of NAEBA.
Exclusive Buyer Agents (EBA) represent buyers and their interests in real estate transactions. They not only work to get the best price and terms for their buyer clients, they also serve as diligent home buying guides, consultants, and often coaches to ensure that clients achieve their desired outcomes in an efficient way. They offer full buyer representation without the potential for the conflicts of interest that occur when the company representing the buyer also represents the seller. The concept of a buyer's agent arose in the mid-1990s as real estate buyers sought to have agents that would represent only their interests and level a playing field that previously favored sellers.
Working with an EBA offers more than a dedicated representative. Data validates that buyers actually get better results. An EBA promises to work toward a better price and terms for buyers. A study conducted by Chandler & Chandler confirms that property purchased through an alliance with an EBA shows a 67% greater appreciation in value. Additionally, a survey conducted by the National Association of Exclusive Buyers Agents (NAEBA) found that among survey respondents, there were only 15 foreclosures out of 1,849 closings. That represents a foreclosure rate of just 0.8%, compared to the nationwide rate of 1.84% in 2008.
NAEBA views HUD's advice to consider an exclusive buyer agent as very timely given current market conditions. Clark agrees, "We are encouraged by an increased movement among consumers to seek out Exclusive Buyer Agents. Working on behalf of buyers is extremely rewarding. Consumers who hire an Exclusive Buyer Agent find that the whole process is more enjoyable because of the incredible trust between the buyer and their agent that doesn't always exist in the traditional buyer/agent relationship."
You can download a free copy of the new HUD booklet at: http://portal.hud.gov/portal/page/portal/HUD/documents/Settlement%20Booklet%20 December%2015%20REVISED.pdf
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Wednesday, December 30, 2009
HGTV’s FrontDoor.com Identifies Top 10 Real Estate Predictions for 2010
(BUSINESS WIRE)--With some subtle signs of recovery in the housing market, the real estate industry is due to bounce back – but more challenges could lie ahead for buyers and sellers alike. HGTV’s FrontDoor.com identifies the top 10 must-know real estate trends for the coming year: (http://www.frontdoor.com/top10)
#10: Cash is king. All-cash offers will become even more popular for foreclosures and short sales, as banks would rather get less money than deal with the hassles of loan transactions.
#9: Smoother short sales. As lenders and real estate professionals become more accustomed to short sales (sales in which the proceeds are less than the outstanding debt), the process will become more streamlined and successful for all parties involved.
#8: Tricky appraisal rules. Due to the government’s Home Valuation Code of Conduct passed in May, property appraisals will be more expensive and take longer, sometimes hindering (or breaking) real estate deals.
#7: A conflicted construction market. Though lenders are still reluctant to finance new housing projects for builders, there’s a chance of double-digit increases in new construction next year (according to the McGraw-Hill Construction Outlook Report).
#6: Rising mortgage rates. The Fed’s effort to keep mortgage rates at historic lows is scheduled to end in March. Homebuyers should act now to capitalize on the lowest interest rates in years.
#5: Lending standards still tight. With the subprime mortgage debacle in recent memory, lenders will continue to require stellar credit and thorough documentation from borrowers.
#4: Some stabilizing home values. Nationally, the outlook for home values is good, with a rise in home prices during the last two quarters of 2009. Locally, however, many markets are a long way from full recovery.
#3: More foreclosures to come. Though more homes will go into foreclosure in 2010, some homeowners will be able to lease back their property at market rental rates for a year’s time, allowing more people to stay in their homes longer.
#2: More buyers entering the market. The government’s first-time homebuyer tax credit was extended to April 30 and to a broader range of buyers, which should bring even more buying activity to bear.
#1: Still a buyer’s market. As 2010 looks to be another year of low home prices and a robust inventory of homes for sale, it will still be the best opportunity for buyers to cash in on some great real estate deals.
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Monday, December 28, 2009
New Tax Credit Includes Current Homeowners
(NAPSI)-Many current homeowners can now qualify for up to a $6,500 home buyer tax credit. The initial success of the $8,000 first-time home buyer tax credit convinced Washington to expand the program and extend it until April 30, 2010. This extension, however, will be the last.
Under the extended home buyer tax credit, current homeowners are eligible as long as they have lived in their present residence for five consecutive years within the past eight. First-time home buyers who haven't owned a home in the past three years are still eligible for up to an $8,000 tax credit. Singles who make up to $125,000 and married couples who make up to $225,000 can qualify for the full credit. Those who exceed those income limits may qualify for a reduced amount.
"The new provisions and modifications make an already enticing real estate market even more attractive and accessible. Interest rates are low and home prices are more affordable now than they have been in decades," said National Association of Realtors® (NAR) Chief Economist Lawrence Yun. "There's never been a better time for potential buyers to invest in their future through homeownership."
Many areas are already seeing a rise in home prices and demand, with multiple bids on properties becoming more common. According to the NAR Profile of Home Buyers and Sellers, first-time home buyers became homeowners in record numbers over the past year, comprising 47 percent of all home sales between July 2008 and June 2009. This flood of activity helped shrink housing inventory levels. Reduced inventory is a sign the market is returning to a more balanced state and helps sustain home values.
Yun said that while the housing crisis isn't over, the extended and expanded tax credit is a step in the right direction.
"The bottom line is that the housing market is doing much better now than one year ago, and the home purchases using the tax credit should continue to reduce inventory to acceptable levels. The extension is a big win for consumers, but to take advantage of this rare opportunity, would-be buyers need to get the ball rolling and contact a Realtor® who can help them on the path toward owning a home."
For more information about the tax credit, visit www.HouseLogic.com/homebuyertaxcredit.
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Thursday, November 5, 2009
Leslie Binion and Andy Rice Join Parks & Mottola Realty
Local real estate brokerage adds experienced agents to its team
Parks & Mottola Realty welcomes two new REALTORS® to its ranks. Leslie Binion and Andy Rice recently joined the Newnan-based firm. Though new to the Parks & Mottola team, neither is new to real estate.
Newnan native Leslie Binion has been a licensed real estate agent since 2006. She holds a BA from Florida State University. Leslie also attended Southern College of Technology (now Southern Polytechnic Institute). Prior to real estate, Leslie worked at her family’s business, Brown Steel Contractors, owned and operated by her parents, Mrs. Pat Brown and the late Sam Brown. Leslie also worked in the technology field as a software engineer and a technical writer.
An equestrian enthusiast, Leslie has competed in eventing, dressage, and amateur Point-to-Points. For ten years she owned and operated Hidden Creek Farm, training and boarding horses. Leslie is a member of the Newnan Coweta Board of REALTORS®. She resides in Moreland with her two daughters, Kendal and Samantha.
Andy Rice is a life-long resident of Coweta County. He attended the University of Georgia and later earned degree in real estate from the State University of West Georgia. Andy has been an active Certified General Appraiser with over 12 years of experience appraising land, commercial, industrial, residential and special purpose properties. He is a MAI Designation Candidate. That professional designation is held by appraisers experienced in the valuation and evaluation of commercial, industrial, residential, and other properties, and who advise clients on real estate investment decisions.
Andy and his wife Rachel are active members of Newnan First United Methodist Church. They have two daughters and make their home in Newnan. In addition to real estate, Andy continues his work as an appraiser. He is a member of the Newnan Coweta Board of REALTORS®.
Parks & Mottola Realty, LLC, is a Newnan-based real estate company serving Coweta, Fayette, Heard, South Fulton, Meriwether, Troup and other counties for more than 24 years. Founded in 1985, Parks & Mottola employs more than 30 licensed salespeople specializing in residential, land, commercial and investment properties. The company has a full-time marketing and relocation director and is a member of Leading Real Estate Companies of the World®, a global network of 150,000 associates assisting individuals and corporations in the relocation process. Parks & Mottola also offers land-planning services through a Certified Land Planner and Registered Landscape Architect.
To contact Leslie or Andy or for more information on services or available properties, call 770.253.7005 or visit www.ParksandMottola.com.
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Saturday, September 12, 2009
Bowen Family Homes’ Model Home at Stonehaven Terrace for Sale
Fully furnished townhome move-in ready
Bowen Family Homes recently announced that its fully furnished model home at its Stonehaven Terrace community in Cumming is on the market. The beautifully designed, 1799 square-foot home includes three bedrooms, two full bathrooms and one half bathroom and is priced to sell at $174,900.
The furnished home is a highly sought after end unit and comes complete with window treatments, furniture and appliances. Homebuyers will be impressed by the townhome’s cozy center family room and corner fireplace that is welcoming not only for its owner, but guests and out of town relatives as well. A spacious kitchen and bright Morning Room, makes this an ideal location for homeowners who love to spend time in the kitchen.
“This is a wonderful opportunity for someone who is interested in a country club style lifestyle without the country club style prices,” said Kelly Fink, Bowen Family Homes’ marketing director. “The home comes beautifully furnished, which will lower the eventual homeowner’s cost dramatically.”
The unique master planned community that features150 townhomes, offers over 10 acres of recreational amenities, including an elegant clubhouse where families can gather and entertain. A junior Olympic pool with slide and an aquatic play park where young children can splash, to multipurpose fields where residents can go for a pick-up game of their favorite sport, also highlight this Forsyth County community. Six tennis courts are lighted for play into the late hours, and sidewalks and streetlights throughout the community connect everything for easy, safe access. The community also features a dog park where residents can take their four-legged friends for playtime and to meet with their neighbors.
Families residing at Stonehaven Terrace are served by Whitlow Elementary, Otwell Middle and Forsyth Central High schools. The community is located only 2 miles to The Avenue at Forsyth and is only minutes from GA 400. To visit, travel on Ga. 400 North to Exit 13 (141/Peachtree Parkway) and turn left onto 141. Turn right onto Highway 9, then left onto Piney Grove Road. Stonehaven Terrace is half of a mile on the right. For more information on Stonehaven Terrace call on-site sales agent David Kunis at (770) 844-0779 or 1-877 MY BOWEN.
Since 1969 the Bowen name has stood for excellence in new home construction and community development. Recognized as the 25th largest privately owned builder in the country by Builder Magazine for 2005, Bowen Family Homes is a dynamic homebuilder with operations in Georgia, Florida and Texas. The Atlanta Business Chronicle ranked Bowen Family Homes 5th among metro Atlanta builders in 2007 and 40th among Atlanta’s Top 100 Private Companies for 2007. Additionally, Bowen Family Homes was named the Georgia Family Business of the Year for medium sized companies by Georgia Trend and the Cox Family Enterprise Center at Kennesaw State University in 2006.
Bowen Family Homes was ranked 83rd on the 2007 Professional Builder Giant 400 largest homebuilders in the United States list. These successes have been achieved by simply offering the best new home value in all price ranges. Earlier this year Bowen Family Homes launched their social media marketing plan with a new company blog, www.bowenfamilyhomesblog.com and presence on several social media outlets such as Twitter, twitter.com/bowenfamilyhome, Facebook, www.facebook.com/bowenfamilyhomes and YouTube. For more information about Bowen Family Homes, please call their Atlanta region headquarters at 678-325-4554 or 1-877- MY BOWEN or visit online at www.bowenfamilyhomes.com.
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Prudential Georgia Realty Announces New Leadership Team for its Midtown Office
Experienced real estate professionals Dale Modica and Anne Miller have joined Prudential Georgia Realty as the broker team for the Midtown office. The branch, located at 1409 Peachtree Street in Atlanta, has been an award-winning office within the company.
Formerly the broker team at the Harry Norman Realtors Intown office, Dale will serve as managing broker and Anne is the assistant broker. They will continue to expand the office’s team of real estate professionals and are actively interviewing experienced agents who wish to join a local real estate firm at the forefront of technology and agent training.
“We have watched Prudential grow and prosper inside the perimeter. Their technology and resources for agents are second to none in the area,” said Dale Modica. “And now, as part of the Prudential management team, we can’t wait to lead and grow the Midtown office.”
They each have nearly 25 years real estate experience, are members of the Atlanta Board of Realtors, the Georgia Association of Realtors and the National Association of Realtors. Dale is a life member of the Atlanta Board’s Million Dollar Club, earning its Phoenix Award in 1997, and serves on the Board’s Grievance Committee. Anne is an Atlanta native and Georgia State University graduate.
“Prudential is excited about the opportunity to continue to expand our presence in the Midtown, Intown, Decatur and Buckhead markets. Our company has made significant gains in market share over the past two years,” said Prudential Georgia Realty President and CEO Dan Forsman. “Our innovations in property marketing, agent skills development, technology and agent support are showing in real results for our associates.”
Among these innovations are adding a Job Loss Protection program for home buyers in June (details at www.getjoblossprotection.com); online property search options in several languages; ability to save these searches and receive e-mail notifications when new listings match search criteria; and online search capabilities at www.PrudentialGA.com for foreclosure and bank-owned (REO) properties.
For more information about the Midtown and Intown real estate market or foreclosure properties, call the Prudential Georgia Realty Midtown office at 404-266-8100 or visit www.Midtown.PrudentialGA.com.
Prudential Georgia Realty is an independently owned and operated member of Prudential Real Estate Affiliates, a full-service residential and commercial real estate network with offices throughout the U.S. and Canada. Ranked by Real Estate Magazine as one of the top 100 real estate companies in the U.S., Prudential Georgia Realty placed 43rd for most 2008 sales in the real estate trade magazine’s 2009 Power Broker Report. It is the 12th largest Prudential real estate affiliate in North America.
Prudential Georgia Realty recently became the first large brokerage company in the nation to win the Realtor.com Online Marketing Award of Excellence. For the last five consecutive years, the Atlanta-based firm has been honored with a Consumers’ Choice Award as Best in Class for Executive Home Sales in metro Atlanta. Prudential Georgia Realty annually has real estate sales well in excess of $1.5 billion and just completed its 45th year serving metro Atlanta. The company has some 23 locations in metro Atlanta and 1,200 Realtors. Search all available properties including Atlanta new homes and Atlanta foreclosures at PrudentialGA.com. To learn more about the state of the Atlanta real estate market, visit www.atlantarealestate2009.com to view a quarterly-updated, information-filled video by Prudential Georgia Realty President and CEO Dan Forsman with local housing market outlook details.
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Tuesday, September 8, 2009
Construction Resources Joins Elite Artisan Group
Atlanta Kitchen is Georgia's only provider of premium Artisan Stone Collection countertops
Construction Resources, Inc. is proud to be selected as a member of the Artisan Group, a national organization of over 30 independent granite fabricators who have joined together to offer Artisan Stone Collection™, the first and only brand of granite wholly owned by Artisan Group, with a comprehensive lifetime warranty, Heritage Wood™ countertops and Kohler® sinks and faucets. The Artisan Stone Collection™ is the first and only natural stone countertop with a residential limited lifetime warranty, available in Georgia exclusively through Construction Resources' Atlanta Kitchen, Inc. The collection includes a choice of 25 unique stones from sources around the world, each with their own natural characteristics.
Artisan Group members are dedicated to the art and craft of working with natural stone to create countertops of lasting beauty. Members like Construction Resources offer the highest quality granite and wood surfaces from all over the globe and use proven and accredited manufacturing techniques to fabricate and install stunning countertops that will last a lifetime. All Artisan Group members must achieve accreditation from the Marble Institute of America further ensuring absolute perfect craftsmanship.
“We are excited about our partnership with the Artisan Group because with it, we are able to offer the industry’s first and most comprehensive lifetime warranty, ensuring that homeowners are making a wise investment that will bring years of satisfaction and tremendous value. We are certain that this is something that customers will embrace,” says Mitch Hires of Construction Resources. “The partnership also gives us the advantage of the Artisan Stone Collection, which is backed by the people who choose the slab, fabricate and install it and own the brand. Because we share best practices and buying power we are able to offer unbeatable prices and the best warranties in the industry.”
In addition to the Artisan Stone Collection, Artisan Group members offer Heritage Wood, a line of custom, high-end, solid wood countertops. The Heritage Wood line includes extensive choices from the world's finest domestic, exotic and reclaimed woods. When properly treated, solid wood surfaces are waterproof, heat- resistant, stain-resistant, sanitary, food safe and low maintenance.
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Veritas Homes Sees Exceptional Success at Water Stone Crossing
Georgia builder sells 29 new townhomes in six months at suburban Atlanta community
Ask this small home builder about Georgia's troubled housing market and you might not believe his response. Veritas Homes, a Georgia-based design/build home building company has seen phenomenal success at Hall County's Water Stone Crossing, selling 29 new townhomes there in the first seven months of 2009. Water Stone Crossing is a 200-unit Flowery Branch community with townhomes priced from $99,900.
“It is the affordability and value of the homes at Water Stone Crossing that has made the community such a success.” says John Gatlin, president of Veritas Homes.
“The homes at Water Stone are perfect for first time buyers, families and retirees looking for a quiet community of friendly neighbors, great amenities and a new home, at a price that competes with resale homes,” continues Randall Moore, director of sales and marketing of Veritas Homes. At Water Stone, buyers can get the quality and security of a new home built by Veritas Homes at or lower than resale home prices.”
Water Stone Crossing is located just off I-985 and offers 1,600 and up square foot townhomes with single-car garages. Homes are built with either three bedrooms or two master suites and include top of the line standard features such as tile backsplashes and crown molding. Hardwood floors, fireplaces, cultured marble vanities, 9-foot first-floor ceilings and vaulted ceilings are also available.
Amenities at Water Stone include a pool and cabana, park, fully equipped playground, basketball court and double sidewalks. The community has a homeowners association that covers lawn maintenance, as well as amenity and common area maintenance. Children at Water Stone attend Flowery Branch Elementary, West Hall Middle and West Hall High schools.
To visit Water Stone, take I-985 North to Exit 12 (Spout Springs Road) and turn left. Turn right on Thurman Tanner Road and left on Cantrell Road. Water Stone Crossing is on the right.
Georgia-based Veritas Homes is a family owned company founded on family and Christian morals. The knowledgeable staff at Veritas Homes averages over 20 years experience in the home building industry. Veritas Homes has four outstanding subdivisions destined to be reputable, quality living areas: Sycamore Glen, Lynnfield Park, Creekside at Pinecrest and Sandy Creek. The goal at Veritas Homes is to provide quality homes that will facilitate their client’s needs, making their dreams come true. For more information on Veritas Homes, call 770-614-4698 or visit www.veritashomes.net.
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Saturday, August 29, 2009
Windsong Properties Introduces New Floorplan at Somerset
Active Adult Builder announces Worthington model
Windsong Properties, Atlanta’s premier active adult courtyard home builder, is proud to announce its newest floorplan, the Worthington Model at its Somerset community in Woodstock. The floorplan includes 2269 square feet of heated living space with an additional 271 square feet of attic space. Currently priced at $286,000, the model includes three bedrooms, two and one-half bathrooms with the option of adding a garden tub in the master bath. The floorplan expertly designed to suit the specific needs of active adults, features 9-foot ceilings with crown molding and hardwood floors in the main living areas.
“We offer active adults the opportunity to choose from five different floorplans at our Somerset community,” said Steve Romeyn, managing partner of Windsong Communities. “Recently, we have seen an increase of homebuyers interested in our Worthington Model site unseen. We have sold three in the last two and half weeks alone.”
Somerset previously offered four ranch-style floorplans: the Hamilton, the Lexington, the Hampton and the Drayton. The Hamilton floorplan features ten-foot ceilings, three bedrooms and two and one half baths while the Lexington is slightly larger with ten-foot ceilings, three bedrooms and three baths. The Hampton, similar to the Hamilton includes 9-foot ceilings, three bedrooms, three bathrooms with the option of either a study or dining room. The Drayton floorplan, similar to the Worthington includes ten-foot ceilings, three bedrooms, two and one-half bathrooms and the option of adding a sun room or upstairs bonus room.
Windsong distinguishes themselves from other active adult builders by offering buyers the opportunity to make structural modifications to their home plans. All of the homes at Somerset offer elegant details, such as private courtyards with garden retreats; rocking chair front porches; ten-foot ceilings with crown molding; and large master suites with baths that have separate vanities, garden tubs, tile showers with seats and ceramic tile floors.
Every home that Windsong Properties builds meets EasyLiving Homes© standards – no-step access, wide doorways, lever handles, and other amenities that facilitate changing life situations. All of the homes at Somerset are qualified by Southface as EarthCraft Home© and Energy Star certified. This assures that the homes have a lower cost to operate, are healthier and more comfortable and reduce the impact on the environment.
Somerset is located just two and a half miles west of I-575. Take I-75 North to I-575 North to Exit 8. Travel west on Towne Lake Parkway, staying straight on Eagle Drive. Turn left off Eagle Drive onto Putnam Ford Road. Somerset is half a mile on the left.
Locally owned, Windsong Properties was founded by Mark Carruth and Managing Partner, Steve Romeyn. The two bring more than 50 years of local building experience to Windsong Properties, “Where Life’s a Breeze.” As empty nesters themselves, Mark and Steve have first hand knowledge of the desires of active adults and are passionate about creating communities and homes for empty nesters. Every decision made at Windsong Properties, from the design of the community and its amenities to the award winning floor plans and the unique customer service approach, is targeted to the 50-plus, empty nester group.
Windsong Properties earned the highest honor from the Certified Professional Home Builders association in 2007 and 2008 when it was awarded the Customer Satisfaction Award. They were also recipients of four gold OBIE awards in 2008. The OBIE Awards are presented by the Greater Atlanta Home Builders Association’s Sales and Marketing Council to honor excellence in building in Greater Atlanta. It is the highest honor given in the Atlanta housing industry.
Windsong Properties invites you to visit one of its two communities and see for yourself just how easy living the Windsong Lifestyle can be. For more information, call 770-516-3409 or visit www.windsonglife.com.
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Friday, August 14, 2009
mRELEVANCE Launches HBA Blog at NAHB's Executive Officers Council Conference
mRELEVANCE is excited to announce its launch of www.HBABlog.com, a new blogging platform designed specifically for home builders associations. HBA Blog was officially launched at the 2009 National Association of Home Builders Executive Officers Council (EOC) Conference in Louisville, Ky. The EOC Seminar provides high-level association management education and motivation specifically related to the home building industry. Managing Partners Mitch Levinson and Carol Flammer unveiled the program during their social media session, Social Media Lab: Building a Social Media Program from the Ground Up, to executive officers and senior staff of state and local home building associations.
HBA Blog is a free blog platform for home builders associations that will help increase the online visibility for associations and their members. Created by building industry professionals and supported by local industry experts, HBA Blog allows associations to share information about their chapters, councils, education events, executive officer and government relations news and more. HBA Blog members also enjoy the added benefit of being able to follow other associations across the nation.
Levinson says, “We created this platform to make blogging easy for HBAs. Best of all, with the mRELEVANCE team supporting the site, HBAs will have support from industry insiders along the way.”
“Many HBAs are interested in blogging and launching social media programs. HBA Blog will provide them with their first step toward online success,” commented Flammer.
HBA Blog is completely customizable and offers eye-catching themes, helpful widgets, podcasts, videos, photos and more. Support comes in three-tiered service plans, offering associations as much or as little support as needed.
For more information, visit www.HBABlog.com.
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Tuesday, August 11, 2009
Atlanta Kitchen the Official Countertop of the Golf Club of Georgia
Atlanta Kitchen, Inc., the Southeast's top provider of premium countertops, is now the Official Countertop of the Golf Club of Georgia, again demonstrating their extensive range in capabilities and products. The company recently took part in a total makeover of the Clubhouse, which included the replacement of the existing wooden bar by Atlanta Kitchen with new eco-friendly Cambria countertops in the color Brownhill. Atlanta Kitchen is a leading fabricator of quartz, granite, natural stone and solid surface countertops and a one-stop shop for all residential and commercial kitchen needs for home builders and remodelers.
Cambria is an elegant and practical natural quartz surface that can be used in countertops, floor tile, vanities, fireplace surrounds, wet bars, showers, etc. It has the natural look and feel of granite, but with superior performance because of its strength and durability. It is maintenance-free and nonporous and will not absorb food and liquids like other stone surfaces.
“The bar probably would have been replaced with another wood countertop until the designers learned of Cambria and its many advantages,” said Mitch Hires of Atlanta Kitchen. “We were working together with the same designers on another project for which we used Cambria, and the designers saw the strength, beauty and performance of Cambria on that project, and decided to use Cambria on the renovation of the Clubhouse.”
“The Cambria product is absolutely beautiful and the installation by Atlanta Kitchen was flawless,” says Jeff Paton, Director of Golf and General Manager of the Club. “It has completely changed the look of the main bar area and continues to draw rave reviews and comments from both members and guests.” The grand opening of the newly renovated club house took place in late June during the Club's Member-Guest tournament.
The Golf Club of Georgia is purely a golf club, embracing the game's traditions and presenting championship conditions every day. Since 1990, The Golf Club of Georgia has stood for unmatched service, camaraderie and hospitality and an unrelenting devotion to daily turf quality and performance. The private Club offers two Arthur Hills-designed courses.
Construction Resources, Inc. is a 39-year-old company that provides residential and commercial builders/remodelers, as well as homeowners with a one-stop shop for their kitchen and bath needs. The staff at Construction Resources, Inc. has the ability to provide products from several sister companies including Atlanta Marble Mfg., Atlanta Kitchen, Inc., Atlanta Glass & Mirror, Inc. and Atlanta Garage Doors & Fireplaces, LLC. By offering a diverse selection, Construction Resources, Inc. allows customers to simplify their ordering, scheduling and vendor process by dealing with just one salesperson and company rather than multiple salespersons and companies. Construction Resources, Inc. has four showroom locations throughout the surrounding Atlanta area including Acworth, Alpharetta, Decatur and Lake Oconee. For more information on Construction Resources, Inc., call 404-419-1259 or visit http://www.constructionresourcesusa.com/.
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Monday, August 10, 2009
Brookhaven at Johns Creek to Hold Open House Event August 15
Home tours, exhibits, music, raffle and dinner planned
Jim Chapman Communities is pleased to announce an open house event at its Brookhaven at Johns Creek community on Saturday, August 15 from 3 p.m. to 7 p.m. The event will include a meet and greet with homeowners, a tour of model homes as well as exhibits including a display by local artist Becky Volpp that will feature homemade gift cards and enclosures. Dinner provided by JR’s Log House Restaurant is scheduled to begin at 5 p.m. Music and numerous raffles that you aren’t going to want to miss will also be occurring at this time. Those wishing to attend may RSVP by calling Gail Laney at 770-402-1876.
“We are looking forward to a wonderful afternoon and evening at Brookhaven at Johns Creek, said Jim Chapman. “We have numerous activities planned for the day. If you are interested in learning more about our community, I hope that you will join us for a fun day of activities, food and entertainment.”
Brookhaven at Johns Creek features Jim Chapman Communities’ signature two and three bedroom quad ranch condos as well as two- to four-bedroom single family home floor plans. Bonus rooms with full baths, great rooms with fireplaces and kitchen upgrades are also available. Homes are all-brick and stone construction with inviting front porches, vaulted ceilings and oversized master suites.
Residents enjoy two lighted tennis courts, walking trails, a beautiful heated pool, outdoor fireplace and clubhouse with exercise room and kitchen, as well as activities such as themed parties, holiday get-togethers and planned excursions, coordinated by the communities’ lifestyles director. Brookhaven at Johns Creek is 100 percent fenced for security with a gated entrance with remote openers.
Brookhaven at Johns Creek is located in the highly sought-after North Fulton area between Peachtree Parkway (GA 141) and McGinnis Ferry Road on Technology Circle. From Atlanta take I-85 North to I-285 West and Exit 31B, (GA 141 North-Cumming/Dahlonega). Bear left on GA 141 North to Johns Creek. Turn right on McGinnis Ferry Road, and then right on Technology Circle. Community is approximately one-half mile on left.
An Atlanta-based builder and developer, Jim Chapman began building custom homes in Buckhead in 1998. Today, Jim Chapman Communities applies to the active adult market the same quality and service standards Jim Chapman developed while building luxury homes. Jim Chapman Communities currently builds elegant yet affordable one-level ranch condominiums and detached homes in communities across metro Atlanta including Douglas, Gwinnett, Cobb, Fulton and Forsyth counties. Planning and delivering extraordinary communities designed for the active adult lifestyle, Jim Chapman Communities offers Well-Earned Elegance for today’s active adults. For more information on Jim Chapman Communities, call (770) 319-7474 or visit www.JimChapmanCommunities.com.
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Monday, August 3, 2009
Windsong’s Somerset Sees Solid Summer Sales
Active Adult Builder continues to sell homes despite slow economy
Windsong Properties, Atlanta’s premier active adult courtyard home builder, is thriving despite a down economy. Between June 17 and July 17, the successful builder signed five contracts in its Somerset community located in Woodstock. Somerset features 59 detached ranch courtyard homes priced from $278,000.
“We offer active adults the freedom to choose the features they need in a home and we provide them with the amenities they want in a community,” said Steve Romeyn, managing partner of Windsong Communities. “For many of our residents, these options make purchasing a home worthwhile despite the economy.”
Somerset offers five ranch-style floorplans: the Hamilton, the Lexington, the Hampton, the Worthington and the Drayton. The Hamilton floorplan features three bedrooms and two and one half baths, while the Lexington is slightly larger with three bedrooms and three baths.
Additionally, this floor plan features a casita, pleasant and private accommodations for guests. The Hampton offers 3 bedrooms and two and one half baths with a study, while the newest floorplan, the Worthington includes three bedrooms, two baths and a study. The Drayton floorplan has three bedrooms, two and one half bathrooms and the option of adding a sun room or upstairs bonus room. All floorplans are expertly designed to suit the specific needs of active adults.
Windsong distinguishes themselves from other active adult builders by offering buyers the opportunity to personalize their home plans. All of the homes at Somerset offer elegant details, such as private courtyards with garden retreats; rocking chair front porches; ten foot ceilings with crown molding; and large master suites with baths that have separate vanities, garden tubs, tile showers with seats and ceramic tile floors.
Every home that Windsong Properties builds meets EasyLiving Homes© standards – no-step access, wide doorways, lever handles, and other amenities that facilitate changing life situations. All of the homes at Somerset are qualified by Southface as EarthCraft Home© and Energy Star certified. This assures that the homes have a lower cost to operate, are healthier and more comfortable and reduce the impact on the environment.
Somerset is located just two and a half miles west of I-575. Take I-75 North to I-575 North to Exit 8. Travel west on Towne Lake Parkway, staying straight on Eagle Drive. Turn left off Eagle Drive onto Putnam Ford Road. Somerset is half a mile on the left.
Locally owned, Windsong Properties was founded by Mark Carruth and Managing Partner, Steve Romeyn. The two bring more than 50 years of local building experience to Windsong Properties, “Where Life’s a Breeze.” As empty nesters themselves, Mark and Steve have first hand knowledge of the desires of active adults and are passionate about creating communities and homes for empty nesters. Every decision made at Windsong Properties, from the design of the community and its amenities to the award winning floor plans and the unique customer service approach, is targeted to the 50-plus, empty nester group.
Windsong Properties earned the highest honor from the Certified Professional Home Builders association in 2007 and 2008 when it was awarded the Customer Satisfaction Award. They were also recipients of four gold OBIE awards in 2008. The OBIE Awards are presented by the Greater Atlanta Home Builders Association’s Sales and Marketing Council to honor excellence in building in Greater Atlanta. It is the highest honor given in the Atlanta housing industry.
Windsong Properties invites you to visit one of its two communities and see for yourself just how easy living the Windsong Lifestyle can be. For more information, call 770-516-3409 or visit www.windsonglife.com.
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Tuesday, July 28, 2009
Hunter Realty Brokers Six Hotels in Six Weeks
Officials from Hunter Realty, a leading national hotel investment services firm, today announced that the firm brokered the sale of six properties in six weeks. The six hotels, aggregating 693 rooms, are located in Georgia, Alabama, Pennsylvania and Maryland, and comprise independent hotels as well as such brands as Holiday Inn, Comfort Inn, and Days Inn.
“We are beginning to see more distressed hotels coming to the marketplace, including several of these six completed sales, which were distressed hotels sold for banks,” commented Lee Hunter, CHB, ISHC and COO, Hunter Realty. “We expect this trend to gain momentum over the next 12 to 18 months.”
“The hotel industry has been through five recessions since 1973,” said Bob Hunter, the firm’s founder and CEO. “We have advised banks, lenders, special servicers and hotel owners in each of these difficult economic climates. Based on our experience, these transactions require an in-depth understanding of hotel pricing and financing, as well as the ability to create a win-win situation for both the buyer and seller.”
“Transactions under $10 million began to show signs of loosening up late in the first quarter,” said Teague Hunter, CHB, president, Hunter Realty. “However, deals involving hotels valued above $10 million are still a challenge because financing is not readily available. Buyers today are very cautious and selective and demand good value. In the $10-plus million segment, transactions still remain few and far between.”
“Financing for these six hotels was varied and ranged from all-cash to community banks and SBA loans,” Teague Hunter added. “A prior, strong relationship with the bank was necessary to complete the transactions.”
Teague Hunter noted that the firm increasingly is providing guidance on distressed hotels to lenders and special servicers. “We have conducted more Broker Opinions of Value in the past six months than we have in the past two years.”
Hunter Realty, founded in 1978, has offices in Atlanta, Washington, DC and Minneapolis, MN. Hunter’s exclusive focus is in hotel brokerage and financing. For more information or to view current listings, please visit www.hunterhotels.net or contact us at 770-916-0300 in Atlanta, 301-215-7507 in Washington, DC or 952-837-6207 in Minneapolis.
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Wednesday, July 22, 2009
Inventor "Invents" Condominium In Downtown Atlanta
“As I was getting ready to pick up my wife, I saw the large sidewalk billboard of what would become the Sovereign building and I fell in love with it instantly,” said Taheri.
The ground breaking of Sovereign building, a luxury mixed-use tower on Peachtree Road had just begun. The building, developed by Regent Partners and designed by architects, Smallwood, Reynolds, Stewart, Stewart & Associates is a 50 story, 635-foot tower that includes more than one-half million square feet of Class A office and retail space and is crowned by the 82 residences of Sovereign.
“We came in the sales office and saw a few sets of plans and details and we loved it,” said Taheri. “I had written a check after a couple of hours.”
Taheri said that although his love of architecture sold him on the luxury high rise, it was Regent Partner’s flexibility to allow him to build his condominium from scratch that ultimately sold him on the building.
“We wanted to build our own interior and they were agreeable,” said Taheri. “I sketched out and noted my ideas and I began working with my architect, Haitham Haddad on the project.”
Once the transformation was complete, Taheri began what was to be a yearlong process of completing his combined 3100 square foot home.
Known for his inventions, Taheri’s Buckhead condominium is an invention all onto itself. Upon entering the condominium, it is hard to pass the cave-like guest bathroom without wanting to take a closer glance. Taheri’s motivation for the bathroom derived from one of his business trips he took to Thailand a few years earlier.
“While I was there I went to a spa that looked like a cave. I liked it and thought that someday I wanted to build a similar place like this for myself,” he said.
His vision for the guest bathroom was later solidified after taking the capsules of his daily vitamins apart one day and seeing how the parts can be combined to form the structure.
“My wife thought I was crazy, but I discussed the idea of what I had seen and envisioned for the bathroom with my architect. Then, the idea of the bathroom was born,” said Taheri.
The bathroom, which is separated into three capsules, is aqua in color. Taheri’s skillful General Contractor, Jay Eskandari of Tuscany Corp hired a framer from Canada to frame and build the bathroom’s structure. However, because of the multiple curves, shapes and structure, Taheri quickly learned that tiling the bathroom would not work with standard square tiles of almost any size.
“The tiles wouldn’t bend the right way because of the curves of the bathroom walls running from one space to another,” says Taheri. “Instead of using tile, we decided to use broken tempered glass instead.”
The glass was later imported from Italy and consisted of over a million pieces. The project, which took close to four months to complete, brings a grin to Taheri’s face as he discusses its complexity.
As one exits the guest bathroom, you are drawn to the kitchen, which is located in the center of the condominium. After interviewing various kitchen design and manufacturers, Taheri decided on Bulthaup, a German company that is known as one of the leading kitchen manufacturers worldwide. Taheri, who appreciates German design and engineering decided to design and purchase the Bulthaup kitchen and Gaggenau appliances including a refrigerator, freezer, wine cooler and lift up oven. While in the kitchen, one’s eye is drawn to a swirling cloud like design with programmable lights that Taheri envisioned and helped to design.
Other highlights of the condominium include furniture designed by Italian designer Giogetti and French furniture designer and maker Roche-Bobois. The master bathroom features a vanity countertop with recycled glass that Taheri purchased from Thinkglass, a Canadian company known for recycled glass. The countertop was so heavy, that it took eight individuals to lift it and place it in the condo. Most of the flooring was made out of imported limestone from Spain, but perhaps the most unique feature is the moving glass wall that Taheri and his architect designed and had built in Germany. The wall that spans almost the entire condominium is used to close off the living room when needed, but also provides Taheri with a unique architectural design that he can appreciate on a daily basis.
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Sunday, July 19, 2009
Haddock Joins Bullard Organization as McDonough Office Assistant Manager
Christy Cole Haddock, one of the Metro South area's most successful Realtors in the 2000s, has joined Coldwell Banker Bullard Realty as assistant manager and a Realtor at the company's McDonough/Henry County office.
In welcoming Haddock to the Bullard organization, Steve Bullard, company president and owner, said, "We at Coldwell Banker Bullard Realty are excited to have this outstanding real estate professional associated with our company. "
Barry Buttram, managing broker of the McDonough/Henry County office, which is the company's highest producing office, said that Haddock will initially focus on sales development and recruitment.
Since 2000, Haddock has been with Keller Williams Realty Grand South in McDonough, serving as new home sales manager and consultant. For the past year, she has also been a team leader and business coach. Prior to going into real estate, she had experience in the banking and mortgage loan industry.
A graduate of the State University of West Georgia with a BBA degree in real estate, Haddock has lived in Henry County since 2000. She is married to John Haddock, associate manager with CVS Pharmacy in McDonough, and they live in McDonough with their two-year-old daughter Sarah.
She can be contacted at 770-914-9250 or by emailing chaddock@cbbullard.com.
The oldest and largest real estate company headquartered in the Metro South area of Atlanta, Coldwell Banker Bullard has its headquarters in Jonesboro. The organization also has other offices in McDonough, Jackson, Peachtree City, and Newnan, and a separate but affiliated company, Coldwell Banker American Land Mart in Conyers.
The Bullard organization, founded in 1956 by the late Cliff Bullard, worked out a franchise agreement with Coldwell Banker Real Estate Corporation in early 1998 and is the largest Coldwell Banker franchise in Georgia and the largest real estate company headquartered between I-20 and the Florida line. Current Owner and President Steve Bullard has been with the company for more than 35 years.
Even during a challenging real estate market, the Bullard organization has continued to grow, having added three companies, Coldwell Banker Joe T. Lane Realty, Coldwell Banker Fulton Realty Associates and Century 21 Southern Crescent, through acquisitions since September of 2007.
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Saturday, July 18, 2009
Sovereign to Host Urban Land Institute (ULI) Atlanta Panel July 21
Panel to discuss the future of the real estate capital markets
Is the real estate market on its way to making a recovery? What are the obstacles that stand in the way of market’s revival and where are the opportunities in such a trying time? Join ULI Senior Resident Fellow Steve Blank at 3344 Peachtree/Sovereign on July 21 as he discusses these topics as well as his outlook for the U.S. Capital Markets.
In addition, Blank, will moderate a panel that will provide insight on regional and local real estate markets. Panelists include: Michael McDonald, managing director of Eastdil Secured, Thad Ellis, vice-president of Cousins Properties and Thomas L. Coakley, regional director of MetLife.
“We are delighted to have Steve Blank joined by an esteemed local panel to explore trends and opportunities in the capital markets, including sources and flows of equity and debt capital” said Jeff DuFresne, Executive Director of ULI Atlanta.
The program will take place from 7:30 a.m. to 9:30 a.m. on the 24th floor of 3344 Peachtree/Sovereign, Atlanta’s award winning luxury-high rise office and condominium, which has been recognized nationally for its innovative design and first class residences and office space.
Pre-registration fees for the conference are as follows:
• Private - $50 for members, $65 for non-members
• Public/Nonprofit and Young Leaders - $45 for members, $60 for non-members
• Students - $40 for members, $35 for non-members
For more information or to register online visit www.uliatlanta.org.
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Friday, July 17, 2009
Tour Atlanta’s First Eco-Friendly Decorators’ Show House this Weekend – Free Admission and Parking
Pace Homebuilders is proud to present Greenhaven, the first eco-friendly Decorators’ Show House in Atlanta. Open to the public Friday, July 17 – Sunday, August 9, 2009, Greenhaven will showcase the latest in sustainable interior design, state-of-the-art technology and energy efficiency. The home will feature over 20 of Atlanta’s top interior designers, each with a fresh and unique perspective on eco-friendly design. From a healthy home nursery and eco-pet suite to a green “tween” room and fly fishing experience, guests will enjoy an exclusive tour of the most innovative and sustainably designed interior spaces in Atlanta.
To complement the inspiring design, Greenhaven will be an archetype for maximum sustainability and energy-efficiency. The implementation of state-of-the-art technologies in the design of Greenhaven will create a smart and functional home to evolve with the needs of today’s family. Greenhaven will carry 7 earth-friendly certifications including the US Green Building Council’s LEED for Homes (Leadership in Energy and Environmental Design) certification, Earthcraft House, Energy Star, Health House, NAHB, PATH Partner and Builder’s Challenge.
Other innovative features of the home include:
New LED lighting and fixtures
Soybean spray insulation
Touch panel energy monitoring system
River reclaimed pine floors
Solar tubes
Greywater System
Non-PVC and Vinyl-free recycled decking
Eco-friendly modern “open” fireplace
Tankless water heaters
Green Technology Room
The home is open to the public with free admission Thursday – Sunday. For directions visit: www.greenhavenhome.com
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Thursday, July 16, 2009
Team Reps from Bullard Named to International President's Circle
One sales team and one sales associate who was with another sales team from Coldwell Banker Bullard Realty’s McDonough/Henry County office have been recognized as members of the Coldwell Banker 2008 International President's Circle. This prestigious membership was awarded to the top 25 percent of all sales associate teams nationally in the Coldwell Banker system.
Receiving the designation were members of the Clowdus Team, composed of team leader Susan Clowdus, Christine Hurst, James Clowdus and Allan Depoe Jr.; and Robin Harrell, a current sales associate with Bullard who during 2008 was a member of a sales team no longer with the company.
These Bullard representatives were recognized for their achievement at the Coldwell Banker International Business Conference, held March 1-4 at the Henry B. Gonzalez Convention Center in San Antonio, Tex. The annual event united thousands of Coldwell Banker sales associates, brokers, managers and employees for an intensive professional development program and awards ceremony.
The oldest and largest real estate company headquartered in the Metro South area of Atlanta, Coldwell Banker Bullard has its headquarters in Jonesboro. The organization now has other offices in McDonough, Jackson, Peachtree City, and Newnan, and a separate but affiliated company, Coldwell Banker American Land Mart in Conyers.
The Bullard organization, founded in 1956 by the late Cliff Bullard, worked out a franchise agreement with Coldwell Banker Real Estate Corporation in early 1998 and is the largest Coldwell Banker franchise in Georgia. Current Owner and President Steve Bullard has been with the company for more than 35 years.
Even during a challenging real estate market, the Bullard organization has continued to grow, having added three companies, Coldwell Banker Joe T. Lane Realty, Coldwell Banker Fulton Realty Associates and Century 21 Southern Crescent, through acquisitions since September of 2007.
Since 1906, the Coldwell Banker organization has been a premier full-service real estate provider. In 2007, Franchise Times magazine's prestigious Top 200 issue ranked the Coldwell Banker system No. 1 in real estate for the eighth straight year and 12th among franchisors in all industries. The Coldwell Banker System has approximately 3,800 residential real estate offices and nearly 117,000 sales associates in 47 countries and territories. The Coldwell Banker System is a leader in the industry in residential and commercial real estate, and in niche markets such as resort, new home and luxury property through its Coldwell Banker Previews International division. It is a pioneer in consumer services with its Coldwell Banker Concierge Service Program and award-winning Web site, www.coldwellbanker.com. Coldwell Banker Real Estate LLC is a subsidiary of Realogy Corporation, a global provider of real estate and relocation services. Coldwell Banker is a registered trademark licensed to Coldwell Banker Real Estate LLC. Each office is independently owned and operated.
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