Archive for August, 2010

New tools to help with your real estate search at www.tagatlanta.com/blog

Wednesday, August 25th, 2010

Check out our new stat tools and school information only at www.tagatlanta.com/blog:

Elementary Schools in Dunwoody, GA, 30338, 3

5 Elementary Schools found in the area.

School Type Grade Level Enrollment Students per Teacher
Vanderlyn Elementary School
Phone: (678) 874-9002
1877 Vanderlyn Dr, Dunwoody, GA 30338
Public PK, K-3 800 16
Austin Elementary School
Phone: (678) 874-8102
5435 Roberts Dr, Dunwoody, GA 30338
Public PK, K-3 637 15
Chesnut Elementary School
Phone: (678) 676-7102
4576 North Peachtree Rd, Dunwoody, GA 30338
Charter PK, K-3 463 14
Kingsley Elementary School
Phone: (678) 874-8902
2051 Brendon Dr, Dunwoody, GA 30338
Charter PK, K-5 462 12
Atlanta North School of Seventh-Day Adventists
Phone: (770) 512-8456
5123 Chamblee-Dunwoody Rd, Dunwoody, GA 30338
Private PK, K-8 54 9

High Schools in Dunwoody, GA, 30338, 3

1 High Schools found in the area.

School Type Grade Level Enrollment Students per Teacher
Dunwoody High School
Phone: (678) 874-8502
5035 Vermack Rd, Dunwoody, GA 30338
Public 9-12 1515 16

Middle Schools in Dunwoody, GA, 30338, 3

1 Middle Schools found in the area.

School Type Grade Level Enrollment Students per Teacher
Atlanta North School of Seventh-Day Adventists
Phone: (770) 512-8456
5123 Chamblee-Dunwoody Rd, Dunwoody, GA 30338
Private PK, K-8 54 9

Home sales shrink (but no need to freak out!!!)

Tuesday, August 24th, 2010

Attached is an article today in CNN Money about plunging home sales in July. First, don’t freak out. Home sales dropped, and were expected to drop, when the home buyer tax credits expired. Second, we are in the middle of the summer which is historically the slowest time of the year for home sales.

 http://money.cnn.com/2010/08/24/real_estate/existing_home_sales/index.htm?hpt=T2

Excellent Open House turn-out

Tuesday, August 24th, 2010

The Anderson Group had an excellent turn-out last weekend at our three open houses. Real Estate news is still pretty lousy, but the traffic at our properties has certainly increased. We have three new listings that will hit the market this weekend -

1. 859 KIRSTEN JANE CT in Lawrenceville. This is a steal — completely updated and move-in ready.

2. 4667 WHITESAND WAY NW in Acworth. This 3 bed 2.5 bath home is all new. New hardiplank siding, new roof, new carpet, new hardwoods….priced liked a foreclosure at $130,000.

3. 215 QUAIL RUN in Roswell. This 3 bed 2.5 bath brick townhome is in the ideal location and has been completely renovated.

Three Atlanta Open Houses this Sunday – 8/22

Thursday, August 19th, 2010

We have three great open houses this Sunday.

1. 7850 Fawndale Way, Dunwoody, GA 30350 - Completely renovated 5 bed / 4.5 bath Dunwoody traditional on nearly 1 acre lot. Full basement, brand new master bath, guest baths, kitchen, and more 7850 Fawndale Way OPEN SUNDAY 8/22 from 2PM to 5PM.

2. 4051 Hillhouse Road, Smryna, GA 30082 — Nearly new 4 bed / 3.5 bath amazing Barnes Mill neighborhood. Large landscaped lot, open kitchen and great room, stacked stone fireplace, hardwoods….looks brand new and is priced like a short-sale but is NOT!!! at $349,000 this one won’t last long 4051 Hillhouse Road OPEN SUNDY 8/22 from 2PM to 4PM

3. 215 Quail Run, Roswell, GA 30076 — Gorgeous Townhome in best “close-in” location. Totally Renovated & Updated…Hardwood Floors throughout. Large Living Room w/Bay Window, Kitchen open to Family Room w/fireplace, refinished cabinets, newer appliances and new French Door opens to b’ful private stone patio w/garden and separate locked Storage Unit 215 Quail Run OPEN SUNDAY 8/22 from 2PM to 5PM

Sub 4% mortgages are here…

Wednesday, August 4th, 2010

I cannot believe these rates…3.75% for 15 year 4.0% for 30 year fixed — Jumbo at 5.25%…this is amazing. If you are considering buying or selling — this is a great time to do it. With rates this low, your pool of potential buyers or properties expand. Give me a call to discuss your situation in more detail — Tom Anderson / 404-277-9581

3.990% is the new PAR rate for the 30 year fixed product. This rate has held for the second day, with yields remaining steady. Expect the majority of investors to move to the 4% level soon. The FHA/VA fixed money has finally made a move downward. ARMs are still the cheapest money on the board, but it is hard to argue those products over fixed right now. Jumbo money continues to go lower. Bias is floating.

Christensen Financial Inc.
678-373-9974
CONFORMING/ FHA/VA/JUMBO/HELOCS/Commercial,SBA 7(a),USDA


Conforming 

 (Fully Amortizing)
30 YEAR FIXED  @3.990%
20 YEAR FIXED @3.75% 
15 YEAR FIXED  @3.75%
10 YEAR FIXED @3.75%
 
3/1 LIBOR FIXED PERIOD ARM @2.625%
5/1 LIBOR FIXED PERIOD ARM @3%  
7/1  LIBOR FIXED PERIOD ARM @3.25% 
10/1 LIBOR FIXED PERIOD ARM @3.625% 

 Interest Only
30 Year FIXED @5%
3/1 FIXED PERIOD ARM @2.875%
5/1 LIBOR FIXED PERIOD ARM @3.125%
7/1 FIXED PERIOD ARM @3.5%
10/1 FIXED PERIOD ARM @3.875%

JUMBO

 30 YEAR FIXED @5.25%
20 YEAR  FIXED @4.7%
15 YEAR FIXED @4.45%
1/1 FIXED PERIOD ARM @2.35%
3/1 FIXED PERIOD ARM @2.75%
3/1 FIXED PERIOD ARM INTEREST ONLY @3% 
5/1 FIXED PERIOD ARM @3.35%
5/1 FIXED PERIOD ARM INTEREST ONLY @3.65% 
7/1 FIXED PERIOD ARM @4.35%
10/1 FIXED PERIOD ARM @4.75%

 Portfolio ARM’s
5/1 FIXED PERIOD ARM @ 3.625%
 7/1 FIXED PERIOD ARM @ 3.875%

 FHA/VA
30 YEAR FIXED @4.125%
15 YEAR FIXED @3.75%
3/1 FIXED PERIOD TREASURY ARM @3.25%(1-1-5)
5/1 FIXED PERIOD TREASURY ARM @3.25%(1-1-5)
7/1 FIXED PERIOD TREASURY ARM @3.75%(2-2-6)

Rates shown are base rates ONLY, no adjustments added, rate lock period will vary. Rates are subject to change without notice.

Yield spread premium” (YSP) is the money or rebate paid to a mortgage broker for giving a borrower a higher interest rate on a loan in exchange for lower up front costs, generally paid in Origination Fees, Broker Fees or Discount Points. This “may [be used to] wipe out or offset other loan costs.The YSP is derived through the realization of a market ‘price’ for a loan that is above 100%. For example, a $300,000 loan with a price when sold of 101.00% would ‘yield’ a 1% rebate to the originator, it’s important to understand that the term ‘originator’ refers to either a retail bank or mortgage broker.

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