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Spring Comes to the Atlanta Real Estate Market

Spring Comes to the Atlanta Real Estate Market

 

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As we approach spring in the Atlanta area, real estate activity is picking up (even if the outside temperature is not).

On the Ashford Capital side of the business – where we own a number of developed parcels of land – we have seen a dramatic increase in traffic. The premier homebuilders in Atlanta know that our company is the go-to asset holder for high-quality neighborhood opportunities.

Demand for new homes is on the rise, and builders are finally in a spot where inventories are relatively low and they need to be putting up new structures to meet demand.  So as we approach the second quarter, Ashford Capital Partners is in an excellent position to negotiate with these builders.

This year we expect to sign contacts to liquidate a number of these properties at attractive prices, netting a gain for our investors who helped us purchase these properties at distressed prices during and after the financial crisis.

 

Ashford Advisors Expanding Services Offered

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On the advisory side of our business – where we help facilitate real estate transactions – we have also seen a significant pickup in activity.

A number of our clients have commercial real estate holdings that are for lease or for sale. We have been able to assist in the process of leasing these properties, helping the client generate a reliable stream of income. In other instances, we have helped facilitate an actual sale of the client’s property, capping off a profitable investment transaction.

On a more personal level, we have been active in helping a number of clients with mortgage issues. Today, there are a number of programs available to homeowners and business owners to help lower both the level of monthly payments as well as the principal value of the overall loan.

Taking advantage of the options available today can allow some owners to remain in homes that they might otherwise not be able to afford. And in other cases, a mortgage adjustment can free up capital to cover other areas of need.

Depending on your situation, Ashford Advisors may be able to help modify your loan, lease your property, or facilitate a sale that frees up needed capital. If you would like to sit down and discuss what options are available to you as a homeowner, I would be happy to set up a meeting and be your advocate – whatever the need.

 

Mortgage Activity Casts an Encouraging Light on Real Estate

 

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There is one other area of interest that I want to bring up…

For the month of January (the latest month data is available), mortgage activity increased 38% over the level from last year. This is important because it shows that economic activity around residential real estate is picking up.

This is particularly encouraging as we head into the spring season which is historically an active time for home purchases. Young families typically pick the spring season to make a move, allowing their children to adjust to a new location at the end of a school year.

So with real estate activity already beginning to increase, this spring is shaping up to be a great period for selling a home or for leasing rental property. If you have been considering a move, or if you have a house, condo, or business that needs to be leased, please give me a call and find out how Ashford Advisors can assist you in achieving your financial goals.

Wishing you every success,

Matt

Matthew J. Riedemann
Founder, President, & Managing Director
Ashford Capital Partners, Ashford Advisors

678-231-4579
Matt@AshfordCP.com