It’s with a MASSIVE dose of “we think” that we offer our latest opinions (12/16/21) for the first quarter of the 2022 North Atlanta real estate market. It's not a rosy outlook; expect home buyer frustration to increase in 2022. Rates are likely to increase as the Fed just responded to the record high inflation, planning at least three rate bumps for 2022. The prognosticators are out there already making bold claims; you can find the overt optimists and you can find the dark pessimists. So what's in store for home buyers and sellers that have to make a move this spring? Well given this environment, we’re not going to look much past the first quarter or so. Buyers will again be challenged and sellers will reap the reward…until they become buyers. As usual,…

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Size matters. It matters because you live in that space, you pay for and tax on that space, and you maintain that space. One day, you’ll sell that space. Size matters so you better understand how it’s determined…because many in the real estate industry don’t. They don't because no one makes them; the confusion over how to measure a home is due in part because there are no agreed upon standards.

Many variables influence the price of a home, size is one of the most influential. How many times is “price per square foot” referenced? Using price per square foot to value a home is unreliable, it is wildly inaccurate for multiple reasons. But it's accepted and big homes rule; you don’t typically see small homes at the top of the value range. Families are the…

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This home likely had the most significant foundation trouble I've seen over three decades. This was a home I appraised (what is this buyer thinking) and the foundation was failing in several areas, spectacularly so. Based on a thorough look around the entire basement and the site, two major issues stuck out: tree roots and very poor water management. Several trees are very close to the home and good sized roots were against the home in several areas, these are a constant source of pressure as the tree grows. Poor control of surface water is always a recipe for disaster; it's the cause of a multitude of issues. In this case, the two combined and the result is epic deflection of the walls in this foundation.

The foundation damage was part of the…

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Price per square foot is unreliable to value homes. It is without question one of the most quoted "sources" when home values are discussed but it is so flawed that on any level, it cannot stand even the softest of challenges. In fact, price per square foot is so unreliable that it makes  automatedvaluation models (think Zestimates) look reliable.

The idea that something as unique as a home can be "valued" using a method with at least 10 major variables is idiotic. Yet and still, price per square foot is bandied about as some type of cornerstone when home prices are talked about. It falls cleanly into the "garbage in, garbage out" research idiom as nothing in the data used to ascertain that "value" is credible. The typical real estate agent doesn't even…

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Driveways are the first impression of most homes. Not only do they help form the overall aesthetic but they serve an essential role; access in and out of the property. In an ideal world, the driveway is easily accessible, flat, and easily used. In the real world, most driveways don't hit every positive aspect. The challenge then, is what characteristic is considered adverse and negatively impacts value and/or marketability? If people are intimidated or put off by the driveway, it doesn't matter what the home has going for it. This video examines a home in a mountain community of North Georgia. Settings like this are common not only here but in all mountain communities...and they present a challenge.  

The clip below highlights the characteristics…

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The frenzied real estate market of '20-'21 exacerbated the issues found in normal markets. Buyers were/are so stressed to secure a home that some toss caution to the wind; overpaying, waiving finance contingencies, inspection contingencies and more. This is unwise at best and foolish at worst, when emotion rules the decision making process, bad things happen. 

There are more buyers waiving due diligence and purchasing homes "as is" than ever before. Some feel it's one of the best ways to win a bidding war and sometimes that's correct. But unless the buyer and agent have a working knowledge of construction and a level of experience that allows them to spot signs of trouble, the buyer may be walking off a cliff. Water and foundation issues are very…

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