Coldwell Banker NRT Development Advisors has continued its 2010 momentum and growth by signing six new clients!
We were recently selected to exclusively market and sell six new home communities in metro-Atlanta, Ga., Orlando, Fla. and Chattanooga, Tenn. The properties – which total approximately 850 units for an estimated sellout of more than $222,664,000 – include:
- 1010 Midtown in Atlanta, Ga.
- Kirkwood Station in Atlanta, Ga.
- Lofts at 5300 in Chamblee, Ga.
- Millside Manor in Dacula, Ga.
- Mosaic at Millenia in Orlando, Fla.
- The Pinnacle in Chattanooga, Tenn.
Developers and banks know that a very strategic and targeted marketing and sales execution is vital to sell homes in the current market, which is why those in the Southeast are increasingly turning to Coldwell Banker NRT Development Advisors for a innovative approach to marketing and sales. We are proud to partner with these communities and develop creative campaigns that keep the communities in front of their prospective buyers and increase the properties’ traffic and, as a result, closings.
We wish everyone a successful 2010!
Categories: NRT Development Advisors
Tagged: 1010 Midtown, Chattanooga, Kirkwood, Kirkwood Station, Millside Manor, Mosaic, Orlando
By: Christine Macrenaris
Down economy, job loss, home value depreciation…enough is enough! The vein of our existence for the past 18 months has been focused on negativity. It was refreshing to meet with peers from all aspects of the real estate industry at the first Real Estate Round Up last night at Ormbys’s. A new energy was in the air and a true collaboration of ideas took place. We are all in this together, and instead of focusing on what is not working we all recognized last night how much more productive it is to band together to forge positive change for our industry! We received quite a bit of interest for future Real Estate Round Ups, so we’re in the midst of planning another in the coming month(s) and possibly in a different part of town. Where would you like them to be held?
Categories: Sales and Marketing · sales agent · social media
Tagged: Sales and Marketing
At next Thursday’s Developing Relationships: A Real Estate Roundup event, we’ll be collecting donations for Habitat for Humanity. The organization’s international efforts are focused on Haiti right now and they certainly could use the help now more than ever!
Wondering how much to donate? Consider what your donation would provide:
- $10 = Box of Nails
- $35 = Roof Shingles
- $50 = Low Flow Toilet
- $75 = Window
- $100 = Kitchen Sink
- $150 = Front Door
Hope to see you there!
Categories: Event
You’re invited to the first Atlanta Real Estate Roundup, a mixer hosted by Coldwell Banker NRT Development Advisors.
Come network with Atlanta’s real estate leaders, including developers, brokers, media and more! We’ll be at Ormsby’s from 5:00 p.m. to 7:00 p.m. Cash bar and free parking.
RSVP: Leslie.Williamson@NRTDevelopmentAdvisors.com, (404) 705-1584 or sign up via Facebook
Categories: Uncategorized
HUD is scheduled to report changes to FHA lending terms in an effort to shore up the program against increased financial losses.
The expected changes are as follows:
- Increase the mortgage insurance premium, which is collected at closing and most often financed with the loan from 1.75% to 2.25% of the loan amount.
- Require that any borrower with a credit score less than 580 put down 10%. 3.5% down will continue to be required by HUD with credit scores equal to and greater than 580.
- Seller concessions will be limited to 3% of the purchase price verses the current 6% limit.
Categories: FHA financing · First-time homebuyer · Real Estate
Tagged: FHA financing, First-time homebuyer
By: Bob Romano
Whether you are referring to investing in real estate or investing in your career, diversification and education are your best options for surviving – and thriving – in difficult markets. So often we get in comfort zones and choose not to see the opportunities that are available in challenging times, many times because we anticipate the fear that change brings.
The best way to control change is to create it yourself. Agents today are embracing the changing market place and learning new skills from the numerous companies offering education and training on a wide array of subjects. This new breed of agents has developed skills in all areas of real estate – managing to juggle new home sales and resales, and even developing a healthy mix of foreclosures and short sales. As a result, today’s most successful real estate agents have grown more in the past 3 years than in their entire careers. Adversity makes the strong survive and grow.
As our economy regains momentum during the next 12 months, the housing market will not lead the way out of this recession as it has in so many recessions in the past. Therefore, real estate agents must continue to work smarter than ever before and learn new skills that will serve them well for years to come.
Learn, Grow and Survive in 2010.
Categories: sales agent
Tagged: sales agent
By: Brad Horner
Happy new year!
We are proud to share this exciting company news with you. Based on our 2009 success, we are well positioned in 2010 to be the region’s new homes real estate sales and marketing leader. The following is just a highlight of our accomplishments:
- During 2009, NRT Development Advisors lead the market in the implementation of creative repositioning strategies for developer clients with new construction communities, resulting in immediate increases in qualified traffic and closings.
- We successfully created an innovative sales and marketing platform for bank-owned new construction homes, achieving more than $125 million in sales.
- The company has expanded its territory to cover Georgia, Florida, North Carolina, South Carolina, Tennessee, Virginia and Washington, D.C. due to client demand.
- We surpassed our 2008 sales in 2009.
- The company attained the status of #1 New Home Real Estate Company in Atlanta for all property types, as well as for Multi-family Sales according to Trend Graphics (which is based on FMLS data).
Our ability to offer the highest level of resources and talent from a specialized team of new home professionals – as well as the industry insight and connections due to our partnerships within Coldwell Banker, NRT and Realogy Corporation – helped to expand our list of developer and bank clients, services and territory.
It’s rewarding to work for a company that is an exception to the rule in such a challenging economy, as our 2009 success has lead to 2010 growth. In the past year, NRT Development Advisors worked with real estate developers, investors and financial institutions to develop creative sales and marketing strategies that resulted in large volumes of homes being sold, while still preserving the integrity of developments and neighborhoods, and clients have tapped us to duplicate these success stories in other markets this year.
Categories: New Years 2010 · Real Estate · Sales and Marketing
Tagged: Bank Owned, First-time homebuyer, National Association of Realtors, REO, social media
2009 is almost over and we gladly ring in a brand new 2010. With a new year starting, we always hope to make positive changes in our life both personally and professionally. We start by setting resolutions and goals in the hope that they will be accomplished with gusto in the New Year but for some reason we quickly get distracted and they are cast by the wayside.
Below are some quotes that are perfect for the New Year and are written by famous people, past and present. Enjoy using these to inspire you to not cast your goals and resolutions by the wayside.
Youth is when you’re allowed to stay up late on New Year’s Eve. Middle age is when you’re forced to. ~Bill Vaughn
Be always at war with your vices, at peace with your neighbors, and let each new year find you a better man. ~Benjamin Franklin
The Old Year has gone. Let the dead past bury its own dead. The New Year has taken possession of the clock of time. All hail the duties and possibilities of the coming twelve months! ~Edward Payson Powell
Cheers to a new year and another chance for us to get it right. ~Oprah Winfrey
We will open the book. Its pages are blank. We are going to put words on them ourselves. The book is called Opportunity and its first chapter is New Year’s Day. ~Edith Lovejoy Pierce
Happy New Year to everyone!
Categories: New Years 2010 · News Years quotes · Uncategorized
Tagged: New Years 2009 quotes
By: Brad Horner
2009 was a year that continually reminded me of the many “life lessons” that I learned when I was young:
Only the strong survive…You can keep going long after you can’t… Knowledge is not wisdom; wisdom is knowledge applied with discernment... You can’t control circumstances, but you can control your response to them… Life isn’t fair… Relationships are priceless… Plan ahead because you never know what tomorrow will bring…Tell people what they need to hear, not what they want to hear… You’re never alone…
Admittedly, I didn’t give these life lessons much weight when I was younger, but all of them proved to be true in business in 2009 – many times over, in fact. It has been a year that tested every company’s strength and resilience, as well as every new homes sales professional’s flexibility and spirit.
But we’ve pressed on together and, as a result, have accomplished many successes that didn’t seem possible at the beginning of the year. It’s satisfying to look back on the year and know that we surpassed our 2008 sales volume while achieving the #1 Real Estate Company in Atlanta Multi-family Sales in 2009* as well as selling over $103 million in bank owned distressed assets.
NRT Development Advisors stood strong with our clients against the blows that the economy brought to the real estate market and responded with sales strategies and marketing campaigns that were uniquely tailored, effective and data driven. We were able to continually refine programs to speak to the ever changing market and consumer mindset due to our position ‘in the trenches’ with our clients.
There’s one more life lesson that stands out: Make every day count. Every day brings another opportunity to make a connection with a new buyer or bring a unique solution to a client. And we vow to continue to capitalize on every single day as your trusted partner through 2010 and beyond.
* According to , Trend Graphics, Trend Over Time Report based on FMLS November 2009
Categories: Real Estate
In today’s current economy, REO homes – or bank-owned homes – present an advantageous opportunity for buyers looking for a good deal. However, there is a misconception about REO homes, as many people seem to think that there are limited loan options when purchasing an REO property. Actually, two very popular loan types are available for REO home purchases: FHA and Rural Housing loans.
FHA is a federal assistance mortgage loan in the United States insured by the Federal Housing Administration that is issued by federally qualified lenders. Benefits include:
- Lower down payment than conventional financing – only a 3.5% down payment required
- More forgiving credit standards
- Gift funds are allowed for closing costs and down payment
- Seller concessions are available up to 6%
- Asset reserves are not required at closing
- The maximum loan limit is $346,250 for the Atlanta area
- There are multiple loan limits, including 15-, 20-, 25- and 30-year loans
The USDA Guaranteed Rural Development Loans program (Rural Housing) offers attractive terms for eligible buyers purchasing eligible rural properties. We can help you determine if your buyers can take advantage of these program benefits, such as:
- No mortgage insurance (PMI)
- 100% financing
- Loans are available up to $417,000
- Non-traditional credit is even allowed in some circumstances
- And asset reserves are not required
There are different guidelines for each loan type, dependent upon product type, condition of the house and the buyer’s circumstances. Speak to your mortgage counselor about your specific needs to determine if either of these loan types are an option for you. You can also visit www.hud.gov for additional information about FHA loans and www.rurdev.usda.gov for additional details about Rural Housing loans.
“Types of loans avialbe for REO homes” is part of NRT’s podcast series. To hear this podcast or another podcast focused on home buying, please click here.
Categories: Auction · Bank Owned · FHA financing · First-time homebuyer · Real Estate
Leslie Williamson
Christine Macrenaris
Maria Mena
Jessica Weston
Amber Cooley
Brad Horner
Collin Ellingson
Bob Romano
Alec String
Judy Price
Meril Missbach
Marty Griffin
Lenny Rindsberg
joanhertz