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Mike Teate
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    Years of Experience: 37

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Realty Associates of Atlenta
2260 N. DRUID HILLS ROAD
Atlanta GA
404-235-8900


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It’s time to stop renting and start buying!

Posted by Mike Teate | on Wednesday, February 16th, 2011 at 10:47 pm
Category: Buy a House.
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The housing market in many cities is a buyers market. This means that condition favor the buyer more than they do the seller of the home. Also, mortgage interest rates are currently pretty low. That means you will end up saving thousands of dollars on your mortgage in the long run. There is no better time to buy a home and stop renting.

Right now you can get locked into a 30-year fixed-rate mortgage with a low interest rate that could result in a payment that is much lower than your current rent. You can actually own a home for lower than what you are paying for rent. That is truly something to get excited about. Let’s look at a quick example. Currently, 30-year fixed mortgage rates are about 4.99-5 percent. If you are buying a $150,000 home and put down 15 percent on the purchase, your mortgage will only be $880.96 a month. For a $100,000 home with 10 percent down your payments will be around $587.31 a month. This is for a full home, not a two-bedroom apartment. As you can see you save money buying a home.

Due to the economy and the housing bubble bursting, people are looking to sell their homes in record numbers. This means some owners have been trying unsuccessfully for a year or more to sell their house. They are desperate to sell and are lowering their prices. While this is bad for them, it is quite an opportunity for you. The combination of the lower for sale price and the low interests mortgages make it the perfect time to buy. So stop wishing and go get looking for the home of your dreams!

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What is the real estate market like in Atlanta GA right now? Is it a good time to buy?

Posted by Mike Teate | on Wednesday, February 9th, 2011 at 1:52 am
Category: Buy a House.
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Atlanta is a city with a lot to offer. Professionals from all over the United States choose to move to Atlanta and make it their home. But how is the housing market during these rough financial times many are going through? Well right now the buyer’s market is continuing to shine in Atlanta. Median sale prices for homes in Atlanta continue to slide and make it the perfect time for buyers to get the home they want for a great deal.

As of right now, the market action index is at 14.2 in Atlanta. A market action index of 30 represents a neutral market between buyers and sellers. Right now in the city of Atlanta a buyer can get the home of their dreams for a great price as sellers scramble to get anybody to buy what they are offering. Some houses in Atlanta have been on the market for well over a year. Prices are continuing to slide and there doesn’t seem to be an end to this trend coming any time soon.

Although many thought the market bottomed out in late 2010, recent trends have proven otherwise and buyers from all over the country now see opportunity in the city of Atlanta. The city offers favorable weather, a nice night life, great suburbs and a growing economy. It is very upbeat and has great public schools. Early 2011 seems like the perfect time for buyers to take advantage of the current market trends and buy a home in the city of Atlanta.

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Why right now is the best time to buy your first home in Atlanta GA!

Posted by Mike Teate | on Tuesday, February 8th, 2011 at 11:52 pm
Category: First Time Home Buyers.
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The US housing market has experienced ups and down in the following the financial fallout that gripped the nation just two years. The economy’s slow to recover meant that the housing market is also taking its time to rebound completely. With the dramatic change in the stability of the US housing market, the nation braced itself for all time record-breaking foreclosure. In 2010, the foreclosure rate soared taking with it millions of homes from homeowners struggling to make ends meet.

While the economy requires more time before the effects of economical fallout can be declared officially a thing of the past, in Atlanta GA the US housing market has become the buyers market of the century. The housing market is flooded with discount prices and motivated sellers eager to make a deal. It is for this reason that the best time to buy a home in the US is now. Over two years ago, first time buyers were priced out of the housing market.

In addition to soaring housing market prices, buying a home two-year ago also saw interest rates increased dramatically over time leaving homeowners facing increased monthly payment. Presently, the housing market offers a variety of great value for money homes for sale. Purchasing a home that is affordable and priced well below market value is a concept that is appeasing to everyone. In Atlanta, the range of properties on the market for sale is astounding. The Atlanta housing market offers something to suit every budget and circumstance.  Let me help you with your first time home buying needs!

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Atlanta dream homes – 2011 the year to buy!

Posted by Mike Teate | on Wednesday, January 5th, 2011 at 6:57 pm
Category: Buy a House.
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There is much talk about if this is a good year to buy a home or not. Because the prices of homes did go down for some time, prices are now great for buyers. The value of homes in Atlanta is expected to start rising and 2011 may be a great year to get that dream home you have always wanted.

Right now there are a wide variety of homes on the market in Atlanta. No matter what your price range is Atlanta should have something for you. If you have the know how and drive to fix up or remodel a house, then you can find amazing deals. Some homes need minor repairs but the sellers are letting them go for much lower prices for that reason.

If you are looking for a high end home in Atlanta there are many different areas that would suite you well. Getting close to downtown can be expensive but is well worth it. The convenience of having everything you need in a close vicinity is something many look for when considering buying a new home.

Make sure to look at multiple properties in different areas before making a decision. Consider how much space you need and what you need to be located close to. You can speak with a real estate agent in Atlanta to get started. They will be able to show you properties that may be exactly what you are looking for. Make 2011 the year to achieve the American dream.

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The Benefits of a Career in Real Estate in Atlanta GA!

Posted by Mike Teate | on Wednesday, December 29th, 2010 at 5:33 pm
Category: Real Estate as a Career.
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The news about the real estate profession right now is better than the media makes it out to be. The market is actually doing much better as people move about the country changing jobs, etc. There are plenty of people in the population who need to find a good home and the house of their dreams, and a professional real estate agent is just who they need.

There are plenty of benefits in establishing a real estate career in Atlanta, Ga. because there is everything that a client could possibly want in Atlanta and around the 675 – interstate perimeters. The perfect commute is to live in the northern or southern suburbs and then drive into the office. The client can live 25 miles out from downtown, and yet be home for dinner every night.

As a real estate agent in Atlanta it will take about a year to get familiar with the houses and condos that are available and the neighborhood that they are in. Within a short time though, you will be able to match your clients with the perfect home for their family.

There are so many fun things to do in Atlanta and there is something to interest everyone. Here is a list of ten of most popular:

• Georgia Dome – Atlanta Sports
• Atlanta Opera
• Atlanta history center
• Centennial Olympic Park
• Decatur Square
• Downtown Nightlife
• Hard Rock Café
• Jimmy Carter Museum and Library
• Midtown walking and cycling tours
• Atlanta Zoo

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What you need to know about buying property in Atlanta, GA

Posted by Mike Teate | on Wednesday, December 22nd, 2010 at 6:58 pm
Category: Buy a House.
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Atlanta, Georgia is a destination hot spot in the the south. This city is one of the most populous cities with a multitude of things to do. Everyday more and more people are moving to Atlanta to take advantage of the great weather, people and opportunities. If you are contemplating making the move yourself it would be a great idea to be in touch with some of the realty companies in the Atlanta area.

One main reason to contact a real estate agency to help you in your purchase of a home in Atlanta is because of the weakening of the economy. One of the main things left behind after the fallout are the many houses in the foreclosure state. This will benefit you because the foreclosure houses will be at a dramatically lower cost and you will get a great deal. The agent can help in the negotiating process on your behalf with the bank. The agent may also have some housing leads on short sales. This is another avenue for you, the buyer, to get a great house at a much lower price. Even though Atlanta is thriving and has plenty of things going on it did have some people suffer during the hard economic times. These two tips on foreclosed houses or short sales are very good reasons to find a reputable real estate agency in the Atlanta area. When choosing the agency to work with make sure to do research on their background for your safety.

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