Archive for September, 2008

Sacramento Condo Foreclosure

Condominiums are majority seen to be foreclosed either by banks or by the other financial institutions simply with a reason for non payment of the loan by the borrower. So lastly they are left with no other option then that of Condominiums Foreclosure. This is majority done just so that the bank can get the money back from the same property and earn money. These all banks and other financial institutions are in urgent need of cash so they sell it for low cost and at discounted price. These types of foreclosures are seen with or without the prior permission or notice of the lender. If there are no payments yet made then only one thing can be done and that is foreclosure of the property in auction to public. The final say in this matter are made by the banks and the other lenders.

The severity for this process certainly depends upon the borrower’s attitudes that are in default state, for the foreclosure of their property. Most of the borrowers will try and avoid this happening but however if they are found yet unable then the only option that is left is to Foreclose. Condominiums Foreclosure has recently taken a boom in the market of finance for the lending of loans and all. It is seen that Condo is indeed a pricey unit and then if you have a foreclosure by bank then you will be just landed on the hot water in both the ways that is financially and as per the creditability. Condominiums foreclosures are generally not famous and so are they found rare enough in the market but however they are still in prevalence. The miss payments of the loans which result to foreclosure homes are certainly very effective on your credit ratings. The effect of this default is left on your credit rating for the period of ten long years.

Legal announcements are generally seen on daily basis in papers for foreclosures, principally for foreclose condos. Internet is one of the quickest providers of all the updated information for Condominiums foreclosure. Also, the announcement of Condominiums Foreclosure are observed on T.V, radio, etc for making a property sale legally to the public. Thus, from this the people who so over are interested in the property bids on the property. Winning bid is suppose to pay amount of mortgage completely or they can also take up the expenditure on condominiums that are attributed in open sale.

Candis Reade is an accomplished niche website developer and author.
To learn more about foreclosure, please visit Hot Foreclosure Market for current articles and discussions.

Florida Real Estate Trends - The Market For Townhouses Steadily Rises

Just when the prices of single-family homes have soared in Florida, the number of townhouses has multiplied throughout the state.

Usually defined as a cross between a condo and a single-family home, townhouses offer the best of both worlds, because they are detached units with private entrances, but do not have landscaping for the individual owner to take care of.

In the South Florida region, as the housing industry continues to rise up from the damage brought about by the condominium boom, townhouses have become the replacement material for high-rise development, note local housing market observers. The same thing also happened in the city of Aventura in the 1980s after an earlier condominium boom,as the area’s original developer built townhouses near the Turnberry Isle golf course during the downturn in the condo market.

The Rise In Townhouse Development A Reaction To High Land And Construction Costs

Looking at the rest of the state, townhouse development is viewed not so much as a reaction to the condo boom gone bust, but as a reaction to higher land and construction costs, which have attributed to to the skyrocketing of prices in single-family homes.

In the Tampa/St. Petersburg region the overall housing market has weakened, however the developments in the townhouse market have gone in the opposite direction according to market watchers. At the end of June 2005, the area had a 2.4-month supply of townhouses in the Tampa/St. Petersburg market, but as of June 30, 2006, there was only a 1.6 month supply because of the rising demand for these units.

Housing analysts noted that as of June 30, 2006, the area had 4,433 townhouse closings during the previous 12 months, as compared to just 1,363 closings as of June 30, 2003; 1,834 closings as of June 30, 2004; and 3,131 as of June 30, 2005. These days, more families than ever are moving into townhouses in the Tampa/St. Petersburg area, and though much lower-priced condo conversions appeal to the same market, developers here have converted 15,000 apartments into condos in the last several years.

South Florida Also Sees A Rise In Townhouse Development

The South Florida region has also seen a huge increase in the development of townhouses in the past couple of years because of a shortage of land, notes housing market watchers.

The total number of townhouse development as a percentage of total housing production has rapidly grown for the past five or six years in South Florida, while in the Treasure Coast, the increase in townhouse development has only been apparent in the last three years. According to a local housing developer who specializes in townhouses and single-family homes, two years ago their firm built 100 townhouses at the Wyndham Park development in West Palm Beach. Then, a year and a half ago, began the Sail Harbour development, which has 473 townhouses.

All of those units sold out, notes local market watchers. Meanwhile, condominium conversions of mostly garden-style apartments compete with new townhouses here, since they are offered in the same price range, which are sometimes quite cheaper than new townhouse units, analysts add, because before these were converted, the apartments rented for $800 to $1,200 a month.

http://miamirealestatetrends.com - Florida Real Estate

Vanessa A. Doctor from Jump2Top - SEO Company

Getting to Know Miami Beach Condos Before Acquiring One

It is important to get to know a product first before you purchase one for your very own. The same concept also applies when you plan to acquire a Miami Beach condo for your own use. In fact, you need to know all the features and specifications of a condo unit in Miami Beach as well as the benefits you will get from having one.

What Are Condos?

Condominium, or condo, is a residential complex with individual home units that can be owned by an individual; while in joint ownership with the rest of the condo owners of other facilities in the complex, such as elevators, hallways, and so on. These residential properties are prized by the rich and famous considering the comfort and convenience that they can bring to any one who settles down in one of these luxurious properties.

Before you acquire a Miami Beach condo for your very own, you first need to keep in mind that these residential properties don’t come cheap. In fact, you might need to apply for a mortgage loan to finance your condo acquisition, provided that you get one with low interest rates and affordable payment terms that won’t leave you broke after the purchase.

Features Of A Miami Beach Condo

The condos in Miami Beach are luxurious at best, considering the reputation of the city as one of the tourist hotspots in the known world. The condo units in Miami Beach are designed to be elegant and stylish for its occupant. Also, each unit is complete with furniture and fixtures from bedroom sets to kitchen appliances that an individual might need during their stay.

Aside from the individual features of each condo units, the condominium complex provides other conveniences for their guests and condo unit owners. For starters, condo units around Miami Beach provide high-tech equipments to ensure the security and privacy of their occupants. Recreational and entertainment facilities, such as swimming pools, health and fitness spas, sports area, restaurants, boutiques, and coffee lounges are readily available every single day of the week.

Also, daily upkeep is no longer a problem when you own one of these condo units in Miami Beach Each complex provide its own housekeeping personnel that will help maintain your unit in quality shape, like doing repairs, laundry, cleaning, and so on — though you need to pay a monthly fee to make use of this service, but its well worth it considering that it’s one less effort to burden yourself with.

http://epicmiami.com — Miami Beach Condos

Vanessa A. Doctor from Jump2Top - SEO Company

The Art of Negotiating a Real Estate Contract

Well, this seems simple enough - don’t lose your shirt. All kidding aside, most people don’t know how to negotiate a contract, or at least one that they won’t regret later. So, here are some guidelines to making a sound decision while making some money.

This article is for home sellers, but you homebuyers, just reverse the ideas here. These are very black and white suggestions so don’t attempt to make them grey just because you want something today that you might not want next week.

Simple Steps to Winning or Let’s Say Making a Win-Win

  1. This is a business transaction. Keep your cool. How do you do that you might ask? Well, the first step is to remove yourself from the idea that you might be selling your home to someone that you don’t like, that the neighbors don’t like or someone that you said you would never sell your home to. Ignore all of those feelings and realize that you are selling your home. Period.
  2. Leave all prejudices about certain people at the curb. Most buyers who are in your home CAN afford your home and with certain guidelines stipulated in the contract, you will soon find out if they will buy or not.
  3. Look at all monetary concessions as just that, a concession. Figure your bottom net with the money that is offered. Don’t forget that you will most likely have a negotiation period and that you might give up some more money after the inspection. Use your gut to figure out what that amount might be, or do a really smart thing and have your home inspected before you put it on the market so you know what to expect and so you can have any necessary repairs made prior to going under contract. When you make repairs prior to attracting a buyer, they can scheduled with the contractor of your choice, and not just who’s available, and at a price pre-determined, not one set with you over the barrel of needing to close in 2 weeks.
  4. Don’t take the buyer’s requests that are personal too seriously. This goes with step 3. For example, many times buyers request that the home be professionally cleaned. This does not mean that you or your wife that has stayed home and kept house weekly for the last 12 years is a bad housekeeper. Just figure the amount of money that it will take to bring in a cleaning crew and add it as a concession.
  5. Really focus on your selling price and bridging the middle with the buyer instead of all the piddley stuff. So, for instance, if you are asking $250K and the buyer makes an offer at $230K and you can sell for $240K, figure the concessions and make an offer that will yield you $240K, but make sure that you list the concessions and at what price they are worth to you. An example may be if the buyer wants your refrigerator that you got last year. You paid $1800.00 for it then and figure that it is worth $1250.00 now. List that for the buyer to see so that they know where you are figuring that concession to be valued.
  6. If the buyer really wants a closing date that will be inconvenient for you, consider moving that date with help, if they pay more of a sales price.
  7. Home warranties help with negotiation of inspection items. Make sure that you know that this is an option and what it covers to ease the buyer’s concerns. Most home warranties have a deductible of around $55.00 per occurrence. If you have a hot water heater for instance that is old, but still works, and the buyer is asking for a replacement, tell them that you will pay for the warranty and give them an additional $220.00 for 4 visits under the warranty.
  8. Anything that you have to say to the buyer should be on a cover sheet with your counter offer and faxed with the offer and never left for your agent to translate. Speak to your buyer directly when you can.
  9. Make the buyer feel good by offering to serve them lunch in advance during the inspection and tell them that you want to share with them all the important stuff about the neighborhood at that time and that you will also ask your neighbors on the right and left side to come over and introduce themselves at that time too.
  10. Any qualification for a loan should be rushed and if the buyer is already approved, not pre-approved, you should consider taking less money for the house (just a little) and treat this buyer with kit-gloves. I know that this counteracts some of what I said in number 2, but you will understand when you are in the transaction.
  11. Use very tight timeframes for both you and your buyer to respond so that your buyer does not cool off. You really have to focus during this time to push the contract through to binding. If your agent will agree, ask them to conference call you and the buyer’s agent and possibly the buyer in at the same time to talk about any issues. That way there is no resentment on what might not have been said. This way your wishes are clearly conveyed to all parties. Again, nothing will get lost in the translation.

Remember that negotiating is fun and should not be stressful. If you are stressed, you are either judging the buyer, you are not looking at the transaction as a bottom line net or you are taking the special stipulations or requests too seriously.

If you are a seller of real estate, view more marketing tips on my website. http://www.DuffyRealtyofAtlanta.com

If you are a buyer of real estate, I have a whole website that you must see about buying. This is a FREE website made for you. http://www.TipsandFormsforBuyers.com

From Rhonda Duffy, Real Estate Broker and National Consumer Advocate The Real Estate Powerhouse

Is Renting Smart?

Many real estate investors will think about becoming a landlord, with your own rental property, from time to time. It seems like an easy way to bring in a regular monthly income on a long-term basis. Plus, you don’t have to spend a lot of time each week looking for new properties to invest in.

However, a lot of investors will caution you to avoid the tenant business. It’s got a lot of drawbacks and can actually raise your blood pressure!

Holding Costs are High!

When you become a buy and hold landlord your holding costs skyrocket. Many landlords end up waiting between 3-6 months for a new tenant to move in. So in that time while they are waiting for the tenant, the landlord has to keep up the property and pay the electric, gas, and other utilities.

Re-renting Fix-up Costs are High!

As a typical landlord you also end up paying a lot to get the apartment or home ready for a new tenant when the old one moves out. This means you’ll be paying to get new carpet, paint the walls and so on to make that place look good for a new renter. A deposit won’t cover the costs to get that done. In any case, you aren’t supposed to use the security deposit each tenant brings in, to cover the costs of regular wear and tear on the rental between tenants.

Short Leases Equal High Turnover!

A typical lease agreement between the landlord and a tenant lasts about a year. A good number of your tenants will end up moving at the end of that year instead of renewing the lease with you. Not all of them, but more than a few. This high rate of turnover increases your costs as a landlord because you’ll have more holding costs between tenants and you’ll have to prepare that rental for new tenants each year.

Lots of Complaints from Tenants!

A part of being the typical landlord involves getting complaints from your tenants. Most often this concerns maintenance issues. The drains get clogged, the air conditioner conks out, or the garbage disposal stops working. These are all the landlord’s responsibility to maintain so the tenant has a livable home. You would have to deal with getting the tenant complaints fixed in a timely manner and absorbing the cost of fixing problems with the rental property.

The Solution!

You can own rental property after a manner by leasing out the properties instead. A lease with the option to buy the property can have many benefits. You’ll be able to put the responsibility for fixing-up and maintaining the property into the hands of the lessee. Leasing property also means you can place the tenants in the property for an extended amount of time. The length of your average lease can be about 3 years or even 5 years. So, you’ll have a lower rate of turn over and few holding costs on that lease property.

Isn’t it time you learned how to capitalize on one of the best markets for real estate investing that this country has ever seen? With the recent flood of foreclosures now is the time to learn to invest correctly in real estate from the hosts of the nation’s leading show on real estate investing, Judson and Lynn Voss. Visit http://www.yourrealestatefortunes.com and learn for free, the no-hype truth about choosing the right real estate investing strategy to start making you money, today.

Effective Business Cards Design for Realtors

Many times realtors will show you several properties and then leave you to think about which one to buy. In fact realtors find themselves leaving their realtor business cards many times to close the deal. As a result these realtor business cards need to be designed really well to help potential clients make the right decision to go with you!

Appeal to the Client

When deciding what type of business cards to go with you will want to consider your clients. Do you show/sell properties of very well off clients who are accustomed to luxury? Or, are your clients middle class individuals who want a realtor that reflects a similar background? No matter what type of realty you show and sell you want to appeal to your clients. So, if you sell million dollar homes consider having your realtor business cards printed on fine linen with an elegant font including your name, phone number, email address, and website. A stylish icon could also be included ranging from a large home in the background to a large letter that represents your initial. Real estate agents appealing to a more middle class crowd might want normal card stock in white or bright colors with a cartoonish house printed on it and the realtor’s information. Knowing who you are selling to can really affect the realtor business cards and the color business cards chosen.

Choose a Stylish Design

Remember that a good design is important. Your business card will likely be competing with several other realtors’ business cards as well so you want yours to stand out. If there is any design that would reflect the neighborhoods or locations you sell in consider using that design on your business card. If you sell Las Vegas condos then brightly colored business cards with high rise buildings would be a good business card design. And, if you sell at the beach a light blue card with a beach scene would send a better message. Consider your real estate business and what type of business card would be able to make a sale for you when the client goes home with just your business card.

There are many things you can do with business cards. So, sit down and have a brainstorming session to come up with several ideas and then go with the one that best reflects your real estate business.

Natalie Aranda is a freelance writer. Many times realtors will show you several properties and then leave you to think about which one to buy. In fact realtors find themselves leaving their realtor business cards many times to close the deal. As a result these realtor business cards need to be designed really well to help potential clients make the right decision to go with you!

Real Estate Agent Web Design; Content Is King

In the real world location, location and location is the mantra for selling real estate. However, on Internet it’s all about content, content and more content. Simply put, the better your content the better your online marketing results will be. And of course the more you have the better off you’ll be.

So, effective Real Estate Agent Web Design is critical to your real estate Internet marketing efforts. With the Internet you have the potential to reach millions of people, but when you do you must have something of value to offer them, and a great design, one that is clean, easily navigated and build in such a way to keep them coming back for more.

A well designed Real Estate Agent Web Site is also a great real estate lead generator. It can attract leads, then capture information needed to follow up on their needs and interests. Since it takes 5-7 times before a contact will do business with you timely and effective follow up is critical to your overall online marketing success.

Buying a house remains one of the most precious lifetime goals most people aspire to and remains one of the biggest investments that most people ever make. Maybe that’s why real estate is such a serious business, despite the ups and downs of the real estate market.

Real Estate Web Site Content
Pre-written Real Estate Web Site Content is great for good Real Estate Agent Web design. It’s readily available and can be used in a variety of ways; marketing reports, articles, web site content and the like. Above all it offers a way to provide useful information and gain the trust of your readers and site visitors.

Prewritten content can provide excellent content at affordable prices, plus they can often be uploaded to your web site in a matter of minutes. Their cost and utilization can’t be beat!

The better the quality of your content the more value it adds to your web site, as the more helpful it is to human visitors the more likely it will be ranked high by the search engines. And of course this all makes since when you consider that your site visitors are looking for helpful information and search engines are looking for happy, satisfied visitors.

Site Design

A major aspect of your web site design is the web site navigation. If the navigation of your site is poor the user will leave the web site quickly, without taking the time to look at your content.

If your web site is difficult to read, or has unappealing font size and colors and is otherwise unappealing the visitors may leave because of it, too. Consequently, a good, clean, simple and easily navigated web site is the best type of site to create.

Some people like to use side navigation bars to guide visitors through their sites, while others like to use navigation bars found at the top of the web site pages. But placement is not as important as consistency. So, whichever you use be consistent so that site visitors will always know where to go to move to another page.

Last but not least, some other things to consider for effective Real Estate Agent Web Design include the level of support you’ll receive from your site builder, the resources that a web designer offers and the search engine friendliness of your web site package.

In closing, when you’re ready to build a web site or improve an existing one aim for one that offers great content, has a clean look with easy to read fonts and is predictable to the extent that visitors don’t have to guess about what to do next. Get it right and you just might have a hit on your hands!

Visit Real Estate Marketing Talk for more information about Real Estate Agent Web Design.

Virginia Real Estate Lawyers

Real estate lawyers are lawyers whose practices specialize in cases involving real estate transactions, land disputes, and property claims. These lawyers assist buyers and sellers of real estate and property by answering the questions they have regarding the legal aspects of real estate transactions and by guiding them through the entire process of buying or selling real estate. Virginia real estate lawyers are lawyers who offer their legal services for real estate transactions in the state of Virginia. Most of the real estate lawyers in Virginia provide the entire spectrum of real estate legal services like counseling their clients, summarizing documents, and discussing and finalizing the terms of the contracts or transactions.

If you are planning to engage in a real estate transaction in Virginia, then you need to consult a Virginia real estate lawyer. The lawyer must have experience in all commercial and residential real estate transactions. Expertise is particularly required in matters related to the sale of property, financing and development, construction contracts, and real estate and property investments. Typically, experienced real estate lawyers in Virginia are well aware of their clients’ business concerns and objectives.

Real estate lawyers seek both individuals and companies as their clients. Companies that wish to hire a real estate lawyer have to be careful to ensure that the lawyer is not only faithful to the business objectives but is also a thorough professional who can represent the company in a respectful manner. Companies should also make sure that the real estate lawyer that they select has enough experience and adequate training in handling the kind of transactions that the company normally engages in.

An experienced real estate lawyer would prepare the contracts favoring their client. They would conduct a title search to ensure that no claims exist against the property that is being bought. Such careful handling of cases is warranted to ensure that the deal is completed in a secure and hassle-free manner.

Virginia Lawyers provides detailed information on Virginia Lawyers, West Virginia Lawyers, Virginia Accident Lawyers, Virginia Real Estate Lawyers and more. Virginia Lawyers is affiliated with Texas Family Lawyers.

Experience Makes A Good Manager

For those people out there trying to or thinking about getting involved in property management, understand that it is not for everyone. Most people out there believe that they could get involved in the management because they like the potential of gaining huge profits from this type of business. With property management, growth potential is exponential and solely up to the individual that is trying to get involved.

The hardest part is finding a property to manage. If you are an individual, that is a self-starter and passionate, you can represent yourself well and find a facility that is in need of an on site manager. You can search the paper, Internet or just hear by word or mouth, but there are opportunities out there. Unfortunately, to begin, you need experience. Most people who are looking for property mangers do not want to take a chance that an inexperienced person is managing their property.

You have to have the desire to grow and learn. You will always encounter something that you have not seen before. Some people decide to live on the property they are managing so they do not have to drive long distances to take care of the problem. You have to have an extreme amount of patience to be in property management. We all can think back to a time in which we were a pain to our property owners or we know friends that gave the managers a hard time. Now, you will be on the side that will handle all the problems. You have to be ready for what ever comes your way. Then again, how can you be ready for the unknown? How can you be ready to take on problems that you have never taken on before?

That is where experience comes in to play. Sometimes, being humble enough to realize that you do not know a lot about this type of management could help you in the future. You can take the time to get involved with a management company that will train you and or send you to classes. That is one of the best ways to have the training behind you, which will give you a potentially better success rate in property management. Still after all that is said and done, it is still up to you to make the property a success.

Every management system is different. Whether you are managing a self storage facility or an apartment complex your goal is the same, to make money. With storage or apartment rentals, you have to get your facility to reach capacity. The company or individual that owns the property has to pay for the property. Well that make sense, but they can not afford to pay for the property if there are more vacancies than occupied units. As a property manager, you need to be proactive and find a way to get people to rent spaces or apartments from you. You could place an ad for great value in storage or you can go to local business and collaborate with them to advertise your facility. There is no end to the ways you can fill your facility and make a huge profit. The key is that you have to motivate and think outside the box a little to make it happen.

Getting involved in property management could be a daunting task. You have to put a lot of energy and time into making it successful. It is certain, in the end. It could be very profitable for you and the owner.

Source Experience Makes A Good Manager

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Real Estate in Ansley Park - The Jewel of Atlanta

Real estate in wealthy and prestigious Ansley Park, Atlanta, is in great demand and also expensive. However, once you have purchased a home here, then you know you have made it in Atlanta.

It was in 1904 that the district, a vision of Edwin P. Ansley, along with a few other prominent entrepreneurs of Atlanta, came to be. A large area between midtown Atlanta and Buckhead was developed to create it, and Ansley Park is now widely considered as the best-heeled part of the city. Housing the wealthiest and most prestigious families of Atlanta, Ansley Park is located north of Midtown and west of Piedmont Park.

This is also one of the first neighborhoods of Atlanta that was designed to accommodate automobiles. The roads were created wide and winding, as opposed to the characteristic grid pattern that was prevalent during that time. Moreover, the area has been declared a Historic District by the National Registry of Historic Places, and it still retains its original character, forming as it does an oasis amidst Atlanta’s hustle and bustle.

A special mention needs to be given to the Ansley Park Civic Association: its sincere efforts have forged strong bonds between the residents of the Ansley Park community, not to forget the impeccable maintenance of all its parks and greenery. The town is skirted with tree-lined streets, the residential neighborhood being bounded by Fourteenth Street’s hotels and apartment buildings at the southern part, Piedmont Park’s 150 acres and the Atlanta Botanical Garden to the east, and a residential community called Sherwood Forest to the north. Shades of Robin Hood here!

It has a number of lush parks, winding streets and a montage of homes, from standard bungalows to regal residences. A number of different architectural styles have been used in the design of the buildings, with mansions designed in such disparate styles as Italian villas and English country houses, which lend an exotic touch to Ansley Park’s landscape. There are several notable schools surrounding Ansley Park, amongst them the Morningside Elementary School, Inman Middle School, and Henry W. Grady High School.

Ansley Park has come a long way from being a desolate suburb in its initial phase to the fashionable joint it was in the 1920s, through the lean period of World War II which experienced a housing crunch, and eventually to the resurgence of real estate in the 1960s which has continued to the present day. Up to now, the prices of homes in Ansley Park have been rising more rapidly than most other neighborhoods in Atlanta, and little wonder when you gaze upon their design and size: the real estate here is truly something to see and something to desire.

The luxurious villas available for sale are professionally appointed with features such as travertine floors throughout.

Among the luxurious villas that are put up for sale, you’ll get facilities such as travertine floors throughout, a kitchen with open designer shelves, granite countertops, state of the art stainless steel appliances, a designer wood ceiling, and a living area that comprises of a spacious living room and a dining room with a table that can seat 12 people.

You will find much, much more than that including spa baths and the most luxuriously appointed bathrooms you could imagine. However, not all Ansley Park homes are so grand, and there are many craftsman-built and styles bungalows and duplexes. Even the street names are not ordinary, with addresses such as Peachtree Circles, Westminster and Lafayette Drive.

The charm of Ansley Park was acquired through the sustained effort of its residents and associations. The pioneering residents took a risk in purchasing properties at the outset when most other people were moving out to Atlanta’s suburbs, and they diligently attended City Hall Zone hearings over the years.

Through the decades, much time and money were contributed towards the development of the aesthetic appeal of Ansley Park’s, especially after the establishment of the Ansley Park Beautification Foundation. Today, Ansley Park boasts of social events such as the Pall Barbecue, the Christmas Tree sale, the Garden Club’s Easter Egg Hun, and the Spring Fling, which draw people from all over Atlanta and beyond.

All in all, Ansley Park symbolizes variety, harmony and radiance. The very special feeling of belonging to a proactive community is the thing that makes living in Ansley Park so special.

Julian Bryce is the author of this article. For more information on Atlanta Real Estate, Atlanta Condos, or Ansley Park Real Estate, please visit DwellAtlanta web site.