NRTDA Discusses Urban Living in Atlanta!

Posted on October 28, 2011 by | Leave a comment

What and where is the Urban Lifestyle in Atlanta?  Hear what we have to say!

Just Click Here to Preview!

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Posted in 1010 Midtown, Uncategorized, Urban Living Atlanta

Coldwell Banker NRTDA Sees Big Increase in 2011 Condo Sales

Posted on October 21, 2011 by | Leave a comment

 Coldwell Banker NRT Development Advisors (NRTDA) is pleased to announce that they have closed 378 units in Florida in the past nine months, totaling over $22 million in sales volume. This is an increase of 160%for the same time period in 2010.

Brad Horner, president, Coldwell Banker NRT Development Advisors says that nearly 100% of the units sold were purchased by investors, most of whom paid cash. Horner says, “A recent survey by Inman News reports that 77% of investors see the value in the current market and say that now is a good time to buy real estate. Many investors plan on renting out their investment properties for a few years until the property value appreciates. 

NRTDA ignored traditional marketing practices to sell the units, located in the communities of Cobblestone and Reserve at James Island in Jacksonville, and Millennium Palms in Orlando. They worked with their global network of brokers to identify potential investors who saw the value in purchasing condos that had an opportunity for positive cash flow in desirable areas near shopping, restaurants and local attractions.

“Coldwell Banker’s brand awareness is gives our investor buyers a sense of security. Knowing that our company has been in business for 105 years really allows our clients to feel comfortable when purchasing real estate,” says Horner.

For more information on NRTDA visit www.nrtdevelopmentadvisors.com.

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Posted in Florida Condo Sales 2011, Investor sales in Florida

Grand Opening at The Park at Vinings on the Chattahoochee

Posted on October 13, 2011 by | Leave a comment

Take advantage today of the superb pricing at The Park at Vinings on the Chattahoochee. This townhome community adjoins 21 acres of undisturbed woodlands with over a half a mile of frontage along the Chattahoochee River. It is located inside I-285 in northwest Atlanta. The townhomes here are distinct – and welcome – departures from the ordinary, with unrivaled access to Atlanta’s most popular destinations. Homebuyers can choose from two distinct floor plans, The Whittier and The Vinings, each with two bedrooms and two-and-a-half baths.

The Park at Vinings is just minutes from West Midtown, Buckhead and Vinings, which means you’ll always be close to shopping, dining and entertainment. The neighborhood is also convenient to Hartsfield Jackson International Airport.

You might expect The Park at Vinings on the Chattahoochee to have all of the latest amenities and luxury features, and it does. A Junior Olympic swimming pool, large poolside sundeck, two lighted tennis courts, a community clubhouse and more await. Add its incredible convenience and you’ve got the value of your dreams.

Contact Lauren Kitchens 404-792-9113 or visit www.theparkliving.com for more information.

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Posted in The Park at Vinings on the Chattahoochee, Townhomes in Atlanta

Falls Savings is in the Air!

Posted on October 12, 2011 by | Leave a comment

Several new home communities are now offering spectacular Falls Savings Programs!

Avalon of Sandy Springs announces a new Fall Savings Program offering up to 25% off list prices! The two-bedroom, one-and-a-half-bath townhomes start in the mid $70’s. The two-bedroom, two-bath Atlanta townhomes start in the mid $80’s.

Avalon features two-story renovated townhomes with incredible finishes and fantastic amenities. Homes range in size from 1,095 to 1,325 square feet, and each one has its own private gated patio. Select homes have granite countertops, wood flooring, maple cabinets, brushed nickel hardware and more.

The community is close to both GA-400 and Roswell Road, and homeowners have easy access to the 400 corridor office communities as well as entertainment. Living at Avalon means you’ll enjoy the best amenities, from lounging by the swimming pool or playing tennis on the lighted court to entertaining in the clubroom or working out in the fitness center.

For more information on the Fall Savings Program call Valerie Swails 770.650.1366 or visit www.avalonofsandysprings.com.

White Provision, a restored, mixed-use project that delivers eight stories of distinctive condominium units alongside restaurant, retail, showroom and office space in Westside Atlanta, announced today that the project is implementing fall savings for homebuyers, up to $175,000 off the original list price.

 Located at the corner of Howell Mill  and 14th Street at the nexus of Atlanta’s rejuvenated Westside, White Provision represents masterful creativity and a strong commitment to reshaping industrial cityscapes. Under the direction of White Provision Development Company and leading real estate firm Jamestown, White Provision combines the striking, state-of-the art White Provision Residences building with thoughtfully restored, 20th-century meatpacking warehouses. The distinctive, modern community is made up of some of the city’s finest dining and retail destinations. From the award-winning Abattoir restaurant to the plush,  design offerings of Room & Board, the development has changed the map of Westside Atlanta, instilling new focus for 4.5 acres of historic properties after decades of decline and neglect.

For more information on the Residential Fall Savings call Cindy Leach 404-815-0460 or visit www.whiteprovision.com

 

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Posted in Avalon of Sandy Springs, Condo, Fall Savings, Westside, White Provision

Coldwell Banker NRTDA Accelerated Sales Division Launches New Website

Posted on October 4, 2011 by | Leave a comment

Coldwell Banker NRT Development Advisors (NRTDA) Accelerated Sales Division, a specialty department utilizing the accelerated sales format for builders, developers, property owners and lending institutions, has launched a new website, www.acceleratedsalesresults.com to better educate sellers on how accelerated sales strategies and real estate auctions are a viable alternative to short sales and foreclosures. 

Using a multi-phase marketing and auction process and exposing properties to a large number of pre-qualified buyers from across the world through the global resources and strong brand reputation of Coldwell Banker, the Accelerated Sales Division has developed proven strategies to maximize property value. The team offers a combined 150 years of real estate experience, specializing in creating innovative solutions for the accelerated real estate sales. They have a proven track record of more than 1,000 real estate development property sales worth over $10 billion, and are licensed in 47 states to conduct auctions.

Brad Horner, president of Coldwell Banker NRTDA says that the Accelerated Sales Division has generated a lot of interest since its addition earlier this year. They recently sold a 68-acre residential estate in Tampa in  just 32 days, after it was listed for more than three years with a traditional brokerage company.

“Our marketing of this property brought 10 registered bidders who each placed a $50,000 deposit — an amount almost unheard of for a single property auction,” says Horner. “The auctioneer strategically advanced the bidders 265 percent over the opening bid, and the closing price of $1.2 million exceeded the seller’s expectation by 23 percent.”

Jon Chipps, managing director of the Accelerated Sales Division stated that Coldwell Banker has always been on the leading edge of innovation in the sale of real estate. With Coldwell Banker providing an option for agents and customers to sell property using a branded accelerated sales format that maintains the high quality standards of the Coldwell Banker brand is a huge advantage in today’s marketplace.

For more information on the Accelerated Sales Division auction services or to view upcoming auctions, visit www.acceleratedsalesresults.com.

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Posted in accelerated sales, Auction

Block Talk: Repurposing Stalled Construction Sites

Posted on September 30, 2011 by | Leave a comment

By Judy Price

To improve the condition of New York City’s stalled construction sites, Manhattan Borough President Scott Stringer released a reported this week titled “Arrested Development”. The hope is that new legislation will allow the City to partner with developers to make stalled construction sites temporarily accessible to the public, and ensure that they once again contribute to the City’s economic and physical health. There is even the possibility of revenue generation for the developer. The report’s three main recommendations are:

 1. Expand public access to sites through public and private uses.

2. Where interim uses are not possible, the City should launch art programs to beautify sidewalk sheds.

3. Where possible, the City should work with property owners to expand narrowed sidewalks created by construction fences and scaffolding.

There are real NYC examples detailed in the report. Near the Holland Tunnel is a half-acre construction site that is now “LentSpace”, a temporary public art park. At a stalled site on theLower East Side, “Timeshare Backyard” rents out space (starting at $50/hour) as a “backyard” with grills, sprinklers, wading pools and live bands. The Related Companies has loaned a site adjacent to the Highline that is temporarily used for organized activities, events and food venues. And in Brooklyn, a stalled mixed-use development is now the Dekalb Market, made up of six urban farms in addition to independent retailers, eateries and work-sell spaces housed in repurposed salvaged shipping containers.

The report states that the legislation being sought is similar to that proposed in San Francisco and implemented in Seattle. For all of the details from “Arrested Development: Breathing New Life Into Stalled Construction Sites” click here. 

This got me thinking about Metro Atlanta. Not only do we have numerous stalled developments outside the Perimeter, but there are also Intown sites such as the vacant lot on 10th Street near Piedmont that have potential for beautification and even revenue generation. How can we use New York’s idea to improve Atlanta?

Continuing on with the repurposing theme, next week I will look into the “Redfields to Greenfields” initiative as commercial sites “in the red” are repurposed into parks.

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Posted in Atlanta Real Estate, Block Talk, Trends

Live Along the Atlanta Beltline

Posted on September 28, 2011 by | Leave a comment

Following the launch of the Atlanta BeltLine’s home search website http://homes.beltline.org/ in July 2011, The BeltLine Team and White Provision are teaming up to host an event to increase awareness of BeltLine downpayment assistance funds. Many potential homebuyers are not aware that they may be eligible for up to $50,000 in downpayment assistance to purchase an FHA-approved home within the Atlanta BeltLine.

During our event on October 5, 2011, we will give an overview of the BeltLine project and the downpayment assistance program, answer all any questions surrounding the use of the program, and lead a tour of eligible, currently available homes in White Provision. Light refreshments will be provided.

 The event will take place from 6-8 p.m. and is free and open to the general public, including potential home buyers, home owners, real estate agents, and the media. The goal of this event is to help homebuyers achieve their goals of homeownership through the gift of Atlanta BeltLine downpayment assistance. The presentation will take place in the penthouse of White Provision, located  1100 Howell Mill Roadfollowed by a tour of homes in the building.

RSVPs are requested to Leslie at 404.705.1584 or Leslie.Williamson@nrtda.com.  For more information on the downpayment assistance program and for a full list of eligible condo developments, please visit http://homes.beltline.org.

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Posted in Atlanta Beltline, Housing on Atlanta Beltline, Uncategorized

Coldwell Banker NRT Development Advisors Sales Teams Continue to Generate Sales Velocity

Posted on September 28, 2011 by | Leave a comment

Sales velocity is strong these days for the sales associates at Coldwell Banker NRT Development Advisors. With a reputation as the industry leader in consulting, marketing and sales for residential real estate in the Southeast, we strive to help our clients achieve the ultimate success.

To that end, we are excited to share the following good news. Park at East Paces in the heart of Buckhead and Highgate in Sandy Springs have both sold out. It’s clear that low interest rates and incredible prices allow buyers to take advantage of the extraordinary housing opportunities available in today’s market.

 NRTDA is also experiencing strong sales at 58 Sheridan, Vintage Square, 1010 Midtown and Gallery Residences.

 58 Sheridan, a luxury townhome community in Buckhead, sold five homes over the past 10 days. The community offers three-bedroom, three-and-a-half-bath townhomes from the low $400’s.

Buyers have also been flocking to Vintage Square, and six contracts have been executed in the past 30 days. The community has gorgeous three and four-bedroom Smyrna townhomes starting in the mid $200’s.

Gallery Residences has luxury condominium residences in Buckhead priced from the mid $300′s. Eight homes have closed  in the past month, and now only 13 two-bedroom homes remain.

1010 Midtown continues to dominate the Atlanta real estate market with approximately 15 sales in the past 30 days. The luxury Atlanta condos at this high-rise building serve as the cornerstone of the Midtown Mile. 1010 Midtown offers one, two and three-bedroom homes starting in the $190’s.

All these success stories are due to the strategic sales and marketing plans created by the NRTDA sales associates. To learn how we can help your community achieve sales success, visit our website at http://www.nrtdevelopmentadvisors.com.

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Posted in 1010 Midtown, Atlanta Real Estate, award winning real estate, Park at East Paces

Block Talk: 7 Out of 10 Renters Say Owning a Home is a Top Priority

Posted on September 23, 2011 by | Leave a comment

Most Americans still believe that owning a home is a solid financial decision, and a majority of renters aspire to home ownership as a long-term goal. According to the 2011 National Housing Pulse Survey released by the National Association of Realtors®, 72 percent of renters surveyed said owning a home is a top priority for their future, up from 63 percent in 2010.

Seven in 10 Americans also agreed that buying a home is a good financial decision while almost two-thirds said now is a good time to purchase a home. The annual survey, which measures how affordable housing issues affect consumers, also found that more than three quarters of renters (77 percent) said they would be less likely to buy a home if they were required to put down a 20 percent down payment on the home, and a strong majority (71 percent) believe a 20 percent down payment requirement could have a negative impact on the housing market.

Over half – 51 percent – of self-described “working class” home owners as well as younger non-college graduates (51 percent), African Americans (57 percent) and Hispanics (50 percent) who currently own their homes reported that a 20 percent down payment would have prevented them from becoming home owners.

Pulse surveys for the past eight years have consistently reported that having enough money for a down payment and closing costs are top obstacles that make housing unaffordable for Americans. Eighty-two percent of respondents cited these as the top obstacle, followed by having confidence in one’s job security.

The survey also found respondents were adamantly against eliminating the mortgage interest deduction. Two-thirds of Americans oppose eliminating the tax benefit, while 73 percent believe eliminating the MID will have a negative impact on the housing market as well as the overall economy.

When asked why home ownership matters to them, respondents cited stability and safety as the top reason. Long-term economic reasons such as building equity followed closely behind. On a local level, respondents said neighbors falling behind on their mortgages and the drop in home values were top concerns. Foreclosures also continue to remain a large concern, with almost half of those surveyed citing the issue as a problem in their area.

Courtesy of National Association of Realtors. For complete article, click here.

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Posted in Block Talk, Buy vs Rent, First-time homebuyer, Nationa Association of Realtors

Coldwell Banker NRTDA Closes 400 Residential Lots Totaling Over $10M in Sales!

Posted on September 16, 2011 by | Leave a comment

Coldwell Banker NRT Development Advisors (NRTDA) is pleased to announce that they have closed over 400 disposition lots in the past nine months, generating sales of over $10 million.

Over the past year, NRTDA has worked with several national banks to oversee all aspects of listing, selling and closing residential lots in 15 states across the U.S. Lots range in size from one-tenth of an acre to more than 35 acres in neighborhoods including Blue Valley, Echelon, Middleton Plantation and Traditions, and are priced from $1,500 to $700,000.

Brad Horner, president of NRTDA, says that his company hand selected 100 local real estate sales associates who are experts in REO lots and have a minimum of three years experience to help market and sell the disposition lots. “The main challenge of selling disposition lots is the fact that the majority of these properties have been sitting on the market because of incorrect pricing,” says Horner.

“All of our agents are responsible for compiling a strong market profile and suggesting a new list price for the bank in order for their assigned lot to sell within 30-90 days.”

Horner says due to current financing restrictions, 98% of the buyers are paying cash. The majority of the buyers are either single-family homebuilders buying several lots in specific neighborhoods, or end users who purchase a lot to eventually build a home. “The prices on these lots are so affordable that we’ve seen dual offer situations,” says Horner. “Buyers are coming off the sidelines to get what they consider a “once in a lifetime” opportunity to purchase in areas that they thought they’d never be able to afford.

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Posted in award winning real estate, Bank Owned, Bank Owned Lots, Foreclosure, Uncategorized