What I think of the Real Estate Market in East Atlanta

31 Jan

As my dad so elegantly puts it,

“Don’t tell me what ‘the market’ says. I tell you what the price is.”

And also

“Buying a house is easy. Selling a house is hard.”

And boy have I learned a lot about that in the last year. I thought moving would be easy, but it’s a racket if you aren’t rich or live in a posh neighborhood. And somehow we live right on the fringe of a posh neighborhood.

Our house is one of the most expensive on the block, because it is really nice, but so many of the houses immediately around us were foreclosed on and flipped right after Dave bought his house. Because David paid “full price” it is much harder to sell for as cheaply as the the competition, even though he’s the one who worked hard during the recession to not cut and run (or get forced out by the banks). He didn’t buy the house 20-30 years ago when the neighborhood was dirt cheap. We’ve been here seven years, and the money and sweat equity we put in to this house doesn’t seem to matter too much, at least yet. We’ve gotten lots of activity but no offers; however, it’s only been about six weeks and a lot of that time was over Christmas and New Years.

I believe that the way realtors get paid is detrimental to everyone who isn’t really rich or about to make a ton of money on a great purchase.

My husband and I don’t dislike our house by any means; this house is beautiful, and we enjoy keeping it up. But with our lifestyle it makes sense to move out to Marietta with the schools (and room to home-school) and land and sprawling split levels. I love in-town living, but I’m ready to move back out to the suburbs. I grew up there. David grew up in Ansley Park, moved to Chattanooga for boarding school, was a Marine in N.C., and then lived at our house. Longest place he’s ever lived. But now he’s terribly excited to move out of the Perimeter. I think one day I could even see myself living in a very rural location, but for now (and maybe forever), East Valley. It is an incredible house that I would love to live in.

I hope this transition is smooth. Current house needs new roof, floors refinished, a new light fixture for the foyer, a fence, and the master bath tile re-glazed and cabinets painted. A cool gray exterior would really make the decks pop! New house needs new flooring in lower levels, new back doors, insulation, garage spring safety cables, railing, shelving, light fixtures, fans, kitchen faucet, bathtubs, re-wallpapering the guest bath to truly bring out the tacky tile, all new appliances… the only part that is perfect is the outside, which is what I am dreaming of! And the extra space of course for my growing family. I think I see a baby kitten in our future… Petra better get ready!

 IMAG0554
Our stager wanted me to artfully place plants around the house. Petra, however, eats them.

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