Springtime in the City

April // May Edition

The Buckhead Office

DIGITAL MAGAZINE

TABLE OF CONTENTS Guide to the Beltline Dog-Friendly ATL Must-See Gardens in Georgia Q&A with Rick Stevens Market Update What You Can Buy for $400,000

GUIDE TO THE

BELT Things to do Bike Rentals

POPULAR AT PONCE ARCHER PAPER GOODS CANDLEFISH CITIZEN SUPPLY JJ’S FLOWER SHOP THE VICTORIAN ATLANTA

It’s easy to see the BeltLine by foot, but you can also rent a bike to see it by two wheels. Check out Atlanta Bicycle Barn, Relay Bike Share & more!

Skyline Park The rooftop theme park at Ponce City Market features old-school carnival games during the summer & ice skating during the winter.

Public Parks In addition to the miles of trails, check out Historic Fourth Ward Park, Piedmont Park, and others!

Westview Cemetary While not as well known as Oakland Cemetary, Westview is the largest civilian cemetery in the region, stretching over 500 acres!

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ATLANTA

L INE Eating

Shopping

There’s no shortage of restaurants on the BeltLine!

There’s no shortage of restaurants on the BeltLine!

Rathbun’s

Ponce City Market

Closest entry point: Eastside Trail - Irwin Street Fine Dining that backs up to the Eastside Trail!

Parish

Closest entry point: Eastside Trail - North Highland Avenue Grab a pastry or smoothie bowl for breakfast on the go, or sit down for dinner.

Two Urban Licks

Closest entry point: Eastside Trail - Ralph McGill Boulevard Play bocci on the patio with a cocktail!

Cafe Sunflower

Closest entry point: Northside Trail - Northside Trail Terminus Atlanta’s top vegetarian & vegan restaurant for two decades.

Closest entry point: Eastside Trail - Irwin Street In addition to being home to dozens of restaurants, Ponce City Market is, at its core, a retail heaven.

Krog Street Market

Closest entry point: Eastside Trail - Irwin Street Krog Street Pet Works outfits all of your furry friends’ needs, while The Merchant sells gifts and home decor.

Browse the aisles of craft beer and wine at Hop City.

Paris on Ponce

Closest entry point: Eastside Trail - Ponce City Market 46,000-square-feet of eclectic boutiques, including vintage clothing, home furnishings and antiques.

Photo opps There’s no shortage of places to photograph along each of the BeltLine trails. Public art work is found throughout, including murals and sculptures. Don’t miss the Tiny Doors that line the trails as well as photogenic viewpoints. The bridge overlooking Ponce de Leon Avenue on the Eastside Trail and the railroad trestle on the Northside Trail are favorites.

Tiny Doors Tiny Doors ATL is an Atlanta-based art project bringing big wonder to tiny spaces in Atlanta and beyond. The 7-inch doors are sculptures created by artist Karen Anderson Singer at the invitation of the neighborhood or institution.

They are designed to reflect the spirit, architecture, and other unique elements of the surrounding community.

Perk-N-Pooch

6690 Roswell Rd Ste 360 Sandy Springs, GA

The Local

758 Ponce de Leon Ave NE Atlanta, GA

ParkGrounds

*Map not to scale

142 Flat Shoals Ave SE Atlanta, GA 30316

DOG-FRIENDLY

PATIOS ATL

Kaleidoscope Bistro & Pub

Hampton & Hudson

Neighbor ’s Pub

Ladybird Grove

1410 Dresden Dr NE Brookhaven, GA

1410 Dresden Dr NE Brookhaven, GA

752 North Highland Ave NE Atlanta, GA 30306

684 John Wesley Dobbs Ave NE Atlanta, GA

Lucky’s Burger & Brew

Fetch Park

The Poncey Highland

Publico Atlanta

305 Brookhaven Ave #1250 Brookhaven, GA 30319

520 Daniel St SE Atlanta, GA 30312

640 North Highland Ave NE Atlanta, GA 30306

1104 Crescent Ave NE Atlanta, GA 30309

Muchacho

97 Estoria

Grindhouse Killer Burgers

904 Memorial Dr SE Atlanta, GA 30316

727 Wylie St SE Atlanta, GA 30316

701 Memorial Dr SE Atlanta, GA 30316

MUST - SEE GARDENS IN GEORGIA

10

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ATLANTA BOTANICAL GARDEN One of the most beautiful places in the city, the Atlanta Botanical Garden is constantly changing from what’s blooming to special exhibits.

GIBBS GARDENS This treasure is “hidden” about an hour north of Atlanta. It is a 292-acre estate, making this one of the largest gardens in the nation.

THOMASVILLE ROSE GARDEN Thomasville is known as the City of Roses, and the public Thomasville Rose Garden contains 1,500 rose bushes on 5 acres near downtown’s Cherokee Lake Park.

HILLS & DALES ESTATE The Hills and Dales gardens include 175 year old boxwood, a maze garden, greenhouse, herb garden and much more.

ATLANTA HISTORY CENTER In addition to the museum and historic homes, the Center’s 33-acre campus also boasts six distinct gardens among it’s 22 acres of green space.

GUIDO GARDENS Enjoy the beautiful plants at Guido Gardens situated among natural water features like flowing fountains, and winding streams.

COASTAL GEORGIA BOTANICAL GARDENS See the historic bamboo plantings - many brought back from plant collecting trips to eastern China in the 1920s, ‘30s and ‘40s. Some species are the first of their kind ever planted on North American soil.

ROCK CITY GARDENS A true marvel of nature, the giant rock outcroppings at Rock City Gardens are a beautiful backdrop for more than 400 different native plant species.

STATE BOTANICAL GARDEN, ATHENS this 313-acre horticultural conservatory is free for kids and adults. So, grab a coffee at Café Botanical and stroll the many walking paths.

CALLAWAY RESORT & GARDENS Callaway Gardens contains more than 2,500 acres of gardens, trails and natural beauty.

CASH BUYER

Is that true? How can a buyer in today’s market position their offer to be as strong as cash?

+

QA

1

Often times you hear people say that nothing beats a

Not necessarily. In the current market we’re seeing a lot of, multiple offer situations.

Buyers must to get pre-approved or formally approved through underwriting and by doing so they can remove the financing contingency which makes their offer much stronger.

The cash offers often tend to be less aggressive offers in regards to price. Often the all cash offer has a clause that gives them the right to get a loan.

4

Talk through the timing – on average how loan does it take to be fully approved from the time you apply?

I like to say three weeks to close, from the time we are able to submit the borrowers loan into our system.

This is dependent on the customer being prepared and having all the necessary requested documents submitted to us and signing compliance disclosures.

Once this is satisfied, we can submit their loan into our system to start the formal approval process.

RICK STEVENS

w/

2

What are your suggestions for someone that is considering a home purchase?

3

They need to get pre-approved, get credit pulled, and run it through our DU (Fannie Mae approval system) system.

For first-time buyers, I like to start with a verbal conversation. We go over their income, debts, and run numbers so I can provide them with a detailed breakdown of their expected mortgage payment and estimated total cash to close. Once they understand their payment and cash needed to close it helps them to understand if they are looking in the proper price range.

5

PROSPERITY? Special programs available to Buyers, appraisal process difference, etc.?

I would say our technology, and our leaderships commitment to close on time. We are a mortgage lender, not a bank. We aren’t distracted by other loans and processes. We focus solely on mortgage origination. Our technological capabilities allow us to accelerate the loan process. Many times once we run the loan through our DU Fannie Mae system the loan is formally approved day 1.

It’s a 3-step process; 1) Having a verbal approval over the phone referred to as being pre qualified.

2) Submitting an application and having credit pulled for pre-approval.

3) Submitting the loan through underwriting for formal loan approval.

Quick closings are so important these days – how long does the underwriting process take on average for a borrower?

What are the biggest advantages to working with

6

Talk through the timing – on average how loan does it take to be fully approved from the time you apply?

Once we are able to submit the loan into our system it can take anywhere from 1 to 7 days to underwrite for approval.

You do not need 20% to purchase – I would say over 50% of the loan we do the buyer puts down less than 20%.

Bottom Line is that to compete in this market, Buyers need to be prepared – have their ducks in a row. Prosperity can rush appraisals in 7 days if need be, and we always close on time.

Competition is tough right now, so we are doing things in shorter timespans to ensure we can nail down those loans fast and help customers’ offers stand out. Buyers just have to be organized and ready to go in order to get acceptance in those multiple offer situations.

That 20% will keep you from paying Mortgage Insurance, but with a Conforming Loan you can put down as little as 3% if you are a first time homebuyer, and for a Jumbo Loan (any loan above $548,250) you can put down as little as 5%.

WHAT YOU CAN BUY FOR

$400,000

Listed by JENN DONNELLY

805

PROPERTIES LISTED IN METRO ATLANTA

46

PROPERTIES LISTED IN BUCKHEAD

$497,500 1036 HUNTCLIFF | 3 BD | 2 BA | 1 HB Listed by Kelly Boudreau

$469,900 70 OLD IVY SQUARE, #3 | 2 BD | 2 BA | 1 HB Listed by Jenn Donnelly

$475,000 1998 WINCHELSEA COURT E | 4 BD | 4 BA | 1 HB Listed by Madeline Sater

$450,000 1100 HOWELL MILL ROAD NW, #810 | 2 BD | 2 BA Listed by Sara Ohmer

$440,000 700 PARK REGENCY PLACE NE, #603 | 2 BD | 2 BA | 1 HB

Listed by Jolynne Szymanski

$429,000 2734 PEACHTREE ROAD,#A-201 | 2 BD | 2 BA

Listed by Beckie Amos

$435,000 6006 KENBROOK LANE | 4 BD | 2 BA | 1 HB

Listed by Laura Green

$409,900 325 E PACES FERRY ROAD NE, #1211 | 2 BD | 2 BA

Listed by Ashley J. Webb & Mary Carpenter

MARKET UPDATE BY NEIGHBORHOOD

ANSLEY PA R K

TRI CITIES

9

38

HOMES FOR SALE

HOMES FOR SALE

6

30

NEW ON MARKET

NEW ON MARKET

$1,605,000

$296,000

AVERAGE SALE PRICE

AVERAGE SALE PRICE

66%

28%

SALES PRICES

SALES PRICES

99%

98%

LIST TO SALE PRICE RATIO

LIST TO SALE PRICE RATIO

56

80

AVERAGE DAYS ON MARKET

AVERAGE DAYS ON MARKET

BUCK HEAD

C H A S TA I N PA R K

741

26

HOMES FOR SALE

HOMES FOR SALE

349

17

NEW ON MARKET

NEW ON MARKET

$1,135,000

$1,604,000

AVERAGE SALE PRICE

AVERAGE SALE PRICE

7%

2.3%

SALES PRICES

SALES PRICES

94%

90%

LIST TO SALE PRICE RATIO

LIST TO SALE PRICE RATIO

76

129

AVERAGE DAYS ON MARKET

AVERAGE DAYS ON MARKET

HarryNorman.com Trendgrahix based on data pulled April 1st of previous 30 days | Residential Properties All Price Points | Change based on changes from same 30 days in 2020

MID T OW N

MORNING SIDE

15

28

HOMES FOR SALE

HOMES FOR SALE

9

23

NEW ON MARKET

NEW ON MARKET

$1,150,000

$1,088,000

AVERAGE SALE PRICE

AVERAGE SALE PRICE

38%

-12.2%

SALES PRICES

SALES PRICES

97%

98%

LIST TO SALE PRICE RATIO

LIST TO SALE PRICE RATIO

62

32

AVERAGE DAYS ON MARKET

AVERAGE DAYS ON MARKET

VIRGINIA HIGHLAND

S A N DY SPRINGS

18

207

HOMES FOR SALE

HOMES FOR SALE

6

192

NEW ON MARKET

NEW ON MARKET

$1,166,000

$989,000

AVERAGE SALE PRICE

AVERAGE SALE PRICE

7%

22%

SALES PRICES

SALES PRICES

99%

95%

LIST TO SALE PRICE RATIO

LIST TO SALE PRICE RATIO

39

63

AVERAGE DAYS ON MARKET

AVERAGE DAYS ON MARKET

HarryNorman.com Trendgrahix based on data pulled April 1st of previous 30 days | Residential Properties All Price Points | Change based on changes from same 30 days in 2020

Buckhead Office - 532 East Paces Ferry Road, Atlanta, GA 30305 | 404.233.4142 | HarryNorman.com The above information is believed accurate, but is not warranted. This offer is subject to errors, omissions, prior sale and withdrawals without notice