August 7, 2009

It seems the market is really picking up, in my opinion, as I hear the “celebration bell” ring in my office on a hourly basis from excited colleagues closing a deal or writing a contract. But what does this ‘picking up’ really mean for Atlanta?

As I compare Q1 2009 to last year’s Q1, it means buyers are getting deals with an obvious decrease in median sales price for average for single family homes of 20.12%. This includes all FMLS areas inside the perimeter north of I-20, Vinings, Dunwoody, Sandy Springs and Tucker. Dunwoody comes out the winner with a 0% decrease in median sales price where Midtown/In-town/Ansley and Vinings are jockeying for an overall decrease up to 35% in median sales price.

It’s Good to Be the King (or a home buyer) May 12, 2009

Cash Back for Buying

It is getting more and more exciting for our housing industry! The incentives that are pouring in for buyers in Georgia (and even more so for 1st time home buyers) are INSANE on top of the fantastic interest rates! A total of $9800 in tax incentives ($8K for first time home buyers & $1800 for home buyers in Georgia) is possible for buyers that choose to get off the fence during this feast.

Governor Purdue signed House Bill 261 in Georgia YESTERDAY and it allows primary-resident (non-investment) buyers that purchase a home between June 1st & Nov 30th to claim an additional $1800 tax credit (or maximum of 1.2% purchase price – which ever is lower). This credit can be claimed over a period of 3 years to mitigate the shock to GA’s state budget. This is IN ADDITION to the 1st time home buyer tax credit of $8K which extends to any first time home buyer purchasing a primary residence prior to December 1st 2009 (or a buyer that has not owned a primary residence in 3 years). Isn’t that AWESOME!

Please read the details in the article linked below. Remember, WEALTH is BUILT in BUST not a BOOM (Gary Keller, Founder KW) and I’d like to help you build your wealth. Call me today at 404-808-1528 to get started with these great incentives and build WEALTH. This incentive is only available for 6 months, so let me help you or someone you know take advantage of this great time to buy!

Please see the article below for further details. http://www.northwestgeorgia.com/statenews/local_story_131133253.html?keyword=topstory

*Information in this email is believed to be accurate but not guaranteed and may be changed by lawmakers

Radon – Doesn’t have to be a deal breaker…But How? June 10, 2008

What IS Radon? – Simply put…

It’s the 2nd leading cause of lung cancer in the United States – A “Class A” Carcinogen determined by the EPA and the Surgeon General. It is also the leading of lung cancer in non-smokers.

Have I gotten your attention yet? You can’t smell it, see it, feel it, taste it, or shake hands with it. It’s a problem here in Georgia yet SO MANY of us buying and selling homes, just ignore it. It a hazard to our families and friends and you may as well stick them in a bar with 100 smokers for 10 years. Same thing.

To condo or not to condo? That is the question. May 20, 2008

Buyers are smart:

Q: I want to own something because it makes much more economic/tax sense, but I’m single and really like living in Midtown because I can walk to work and the park and restaurants and such. I know buying a single family detached house is the best bet from an economic perspective, but it just doesn’t suit my lifestyle right now. I have heard buying a condo in a high-rise building is a very bad decision because it will be very hard to sell and get your money out of it down the road. Do you agree with that? Would I at least be able to get out the money I put into it if I bought a condo and lived there 2 to 3 years.