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"Driving Miss Daisy" home on the market for $1.95 million

"Driving Miss Daisy" home on the market for $1.95 million

ATLANTA -- Twenty-three years ago, this month, Atlanta was the focus of the Academy Awards when "Driving Miss Daisy" won "Best Picture.

The film was written by Pulitzer prize winning Atlanta playwright Alfred Uhry who grew up in the Druid Hills area.

The story deals with the relationship between an elderly Jewish woman and her African-American chauffeur after World War II.

And as of today, the home from the movie, which forever linked Atlanta to Hollywood is, now, up for sale and it's going to the highest bidder.

To some, the home is as defining as Jessica Tandy & Morgan Freeman and as unforgettable as Alfred Uhry's words.

It's located at 922 Lullwater Road in the Druid Hills neighborhood.

Jeff Hullinger asked, the listing agent for Coldwell Banker Doris Robinson, "How did this home get selected for the movie?"

SW Atlanta home prices nosedive, other areas increase

SW Atlanta home prices nosedive, other areas increase

ATLANTA -- Mixed signals are going out to customers in Metro Atlanta's housing market.

Home prices in the metro area have taken a nosedive, off more than 17 percent since last year, marking one of the biggest price drops in the nation.

However, some communities in surrounding areas have shown some growth in home prices.

In Southwest Atlanta, one of the hardest-hit areas, the situation is tied to foreclosures, sales of distressed properties and the upkeep of vacant homes.

"The driving force is definitely the way the banks are pricing the foreclosed properties that they list for sale," said Jean-Claude Martin, a broker with Palmer House Properties. "Everybody else suffers. Everybody else suffers."

Underwater on your mortgage?

Underwater on your mortgage?

HARP 2.0 CAN HELP!

What is HARP?  HARP is Home Affordable Refinance Program (HARP).  How does this affect you?  HARP is designed to help home owners that have been unable to get traditional refinancing due to the decrease in home value and may not have enough equity or no equity at all.  Home owners can actually be upside down on their mortgage and still be eligible.

Who is eligible?

  • The mortgage must be owned or guaranteed by Freddi mac or Fannie Mae
  • The mortgage must have been sold to Fannie Mae or Freddie mac on or before May 31, 2009.
  • The mortgage cannot have been refinanced under HARP previously
  • The current loan to value ratio needs to be greater than 80%
  • The borrower must be current on their mortgage at the time of the refinance with a good payment history in the past 12 months

As of January 9, 2012 HARP Guidelines have changed.  Prior t

Clean up the mess! $60 = 2 HRS of Home Organization by Drab to Fab Organizing ($120 value)

Clean up the mess! $60 = 2 HRS of Home Organization by Drab to Fab Organizing ($120 value)

Has it been months since you've seen the surface of your dining room table? Can the kids find their homework? Do you have boxes and bags filled with things you need to return, but can't find the receipt?

Not So Big House Principles Apply to Remodeling Projects of all Sizes

Free Educational Program on Oct. 15   The concept or movement of “Not So Big House” has entered the mainstream, but what is it and who started it? Well, what it is not about is tiny houses for everyone, or a creed of bad design in favor of tiny energy bills.   The No So Big House philosophy, in fact, embraces architectural style across the spectrum, and is a concept dedicated to homes of all … well, most sizes. It can be described as an anti-McMansion sort of trend, but it is much more positive than that.   This is a direction in home design and construction championed by Sarah Susanka, an architect by trade, that emphasizes the concept of home as haven, in scale and proportion to need, a welcoming, comfortable, usable place where space is used according to purpose, rooms flow together with subtle delineations -- well-built, light-filled and energy-efficient.

Metro Atlanta foreclosure rate 16th highest in nation

Metro Atlanta foreclosure rate 16th highest in nation

ATLANTA -- Metro Atlanta's foreclosure rate slowed by the middle of 2011, but remains among the metros with the highest rates.

Atlanta had 44,1560 foreclosure filings from January through June, down about 16 percent from the first half of 2010. This gave Atlanta the 16th highest rate of foreclosures, according to RealtyTrac, which publishes the largest list of foreclosures in the country.

The company defines a foreclosure as default notices, scheduled auctions and bank repossessions. 

Real Estate has a Long Road to Recovery

 

The next years of real estate are not going to be positive for homeowners. In fact, it’s estimated that in 2012 over 60% of all home sales will be foreclosures or short sales. This means that the banks will control the pricing of more than half the real estate market and we can expect continued declining values. This idea may not sit well with many after the mortgage meltdown and moral hazard issues we had over the past five years.

Further, we at Sellect Realty believe that it will be another five to seven years before we see home values near their previous peaks and then we expect a plateau for several years to follow before growth. Currently our market is still declining. Despite month-over-month gains we have had another drastic decline in home values over the past 12 months. According to the recent statistics released by Realtor.com the average listing price decreased by 11.42% from June 2010 to $250,933.