Tuesday, April 5, 2011

Hot Sheet

In the world of real estate, most Realtors begin their day by pulling a hot sheet. This shows all the market activity that occurred in the last 24 hours. This helps you stay on top of the market and be able to get to find new properties for your buyers when they first hit the market.

I thought I would post a few of the new listings from today's Hot Sheet...

There are 6 new listings on the market ranging from $29,000 - $300,000. There are no pending sales or closings that have happened during this same time.

Tower Ridge Rd - 4 bedroom, 3 bath, 1 half bath for $300,000
Clearview Drive - 4 bedroom, 3 bath - $189,850
Lantern Circle - 3 bedroom, 2 bath, 1 half bath - $184,900
Hardy Rd - 3 bedroom, 2 bath - $107,000
St Elmo Circle - 5 bedroom, 2 bath, 1 half bath - $90,000
Parmenter St - 1 bedroom, 1 bath - $29,000

I you would like more information on these or any other properties on the market, please feel free to contact me!

LA

Thursday, March 24, 2011

Want to Save Money??

In today's economy we are all trying to find a few extra dollars, right? Have you thought about your property taxes? The last time your property was assessed values were probably higher than they are right now. Because of this you might be able to see hundreds of dollars in savings on your property tax bill if you file for a reevaluation with the county tax assessor. Here is what you need to do...

1. Pull out last year's tax bill and find your current assessed value.

2. Check your neighborhood for comparable properties values. To get these numbers, contact a Realtor (that would be me ;-) or go online and search some of the real estate websites such as zillow.com or realtor.com for some recent listings/sales in your area.

3. Compare these values to your current assessment. If the current listing/sold prices seem to be less than your assessed values then BINGO - it is time to file for a reevaluation.

4. To file for a property reevaluation: Contact your county tax assessors office for exact instructions as each county is a little different. As for Bartow County, Georgia, fill out for PT50R which can be found at here and take it to the tax assessor's office located in the basement of the Frank Moore Administration Building before April 1. The county will then review their files and make their determination. This doesn't cost anything but a little time and effort but could save you hundreds!

Good Luck and Happy Savings!!

Friday, March 18, 2011

March 2011 - Market Update

Here is a quick summary from Keller Williams on the national housing market. Sounds like things are slowly moving toward the positive!

March 2011 Market Update:

Gradual progress in the housing market continues at a steady pace without government support. The market has shown remarkable improvement from the initial drop after the expiration of the home buyer tax credit this past July. Although higher-than-normal distressed sales skew the overall picture of home prices downward, inventory continues to shrink and sales continue to rise. The rock-bottom interest rates of 2010 are likely to trend upward. As economists anticipate rates at or above 6% by the end of 2012, buyers are moving off the sidelines and into the market.

A good sign for long-term market stability is that the median down payment on conventional mortgages has risen to 22%, up from 4% in 2006 and slightly above the 20% standard in the 1990s. This may keep buyers looking in slightly lower price ranges, but it is a good sign of future sustainability for homeowners and banks alike. There are still ample opportunities for those who would like down payments below 20%, including some conventional mortgages and those backed by the Federal Housing Administration, Veterans Affairs, and the Department of Agriculture’s Rural Development loans.


As the economy improves, stimulus efforts by the government and the Federal Reserve Board will gradually wind down, which typically means rising interest rates. Meanwhile, buyers continue to benefit from historically favorable buying conditions and sellers are encouraged by increased market stability.

Wednesday, March 16, 2011

I'm BACK!!

Dear Friends,

If you haven't noticed from my lack of blogging, I took a break from real estate to focus on my family. I had a little girl during the summer of 2009 and needed a bit of time to adjust to being a mother of two. It has been a big but wonderful change!!

Now, my baby will be 2 this summer and my older baby (shh...don't tell him I called him "baby" ;-) will be 6 this fall - they are growing SO fast. They are also a bit less demanding since school (and pre-school) takes up 9 months out of the year. So it is time for me to return to real estate again. I am currently reacquainting myself with today's market and showing properties to buyers. Things have changed so much in the past couple of years that there are a few things I am having to relearn. I will keep you all updated my progress as well as the changes in the market.
Please send me any of your real estate questions and test my knowledge ;-)

LA

Thursday, April 2, 2009

Cartersville Rotary Club's website!

I've been helping work on the Cartersville Rotary Club's website. I'm very proud of what we have accomplished so far. Please check it out:
Cartersville Rotary Club Website



The Cartersville Rotary Club has been a part of this community since the late 1920's. Their motto of service above self and is applied in every avenue of service that involves Rotarians from work, to home, to civic duties. Members are from all around the Cartersville/Bartow County area. They come together once a week for an hourly meeting to enjoy a lunch and program and to decide how to serve this community.
The Avenues of Service are Rotary’s philosophical cornerstone and the foundation on which club activity is based:


Club Service focuses on strengthening fellowship and ensuring the effective functioning of the club.


Vocational Service encourages Rotarians to serve others through their vocations and to practice high ethical standards.


Community Service covers the projects and activities the club undertakes to improve life in its community.


International Service encompasses actions taken to expand Rotary’s humanitarian reach around the globe and to promote world understanding and peace.


The mission of Rotary International, a worldwide association of Rotary clubs, is to provide service to others, to promote high ethical standards, and to advance world understanding, goodwill, and peace through its fellowship of business, professional, and community leaders. I am very proud to be a Rotarian!!

Monday, March 9, 2009

FREE MONEY: Here is the latest I have on the Tax Credit

The NEW (up to) $8000 Tax Credit is for purchases between January 1, 2009 and November 30, 2009.


Expanded Tax Break Available for 2009 First-Time Homebuyers Expanded Tax Break Available for 2009 First-Time Homebuyers IR-2009-14, Feb. 25, 2009 WASHINGTON The Internal Revenue Service announced today that taxpayers who qualify for the first-time homebuyer credit and purchase a home this year before Dec. 1 have a special option available for claiming the tax credit either on their 2008 tax returns due April 15 or on their 2009 tax returns next year.
Qualifying taxpayers who buy a home this year before Dec. 1 can get up to $8,000, or $4,000 for married filing separately.
For first-time homebuyers this year, this special feature can put money in their pockets right now rather than waiting another year to claim the tax credit," said IRS Commissioner Doug Shulman.
This important change gives qualifying homebuyers cash they do not have to pay back.
The IRS has posted a revised version of Form 5405, First-Time Homebuyer Credit, on IRS.gov. The revised form incorporates provisions from the American Recovery and Reinvestment Act of 2009.
The instructions to the revised Form 5405 provide additional information on who can and cannot claim the credit, income limitations and repayment of the credit.
This year, qualifying taxpayers who buy a home before Dec. 1, 2009, can claim the credit on either their 2008 or 2009 tax returns. They do not have to repay the credit, provided the home remains their main home for 36 months after the purchase date. They can claim 10 percent of the purchase price up to $8,000, or $4,000 for married individuals filing separately.
The amount of the credit begins to phase out for taxpayers whose adjusted gross income is more than $75,000, or $150,000 for joint filers.
For purposes of the credit, you are considered to be a first-time homebuyer if you, and your spouse if you are married, did not own any other main home during the three-year period ending on the date of purchase.
The IRS also alerted taxpayers that the new law does not affect people who purchased a home after April 8, 2008, and on or before Dec. 31, 2008. For these taxpayers who are claiming the credit on their 2008 tax returns, the maximum credit remains 10 percent of the purchase price, up to $7,500, or $3,750 for married individuals filing separately. In addition, the credit for these 2008 purchases must be repaid in 15 equal installments over 15 years, beginning with the 2010 tax year. http://www.irs.gov/newsroom/article/0,,id=204672,00.html