$7500 tax credit for First Time Home Buyers - 09/24/08 04:09 PM
I was showing a first time home buyer a home on Monday and told her about the $7,500 tax credit available to First time home buyers if they purchase a home beteen 4/9/08 and 6/30/09.  She was very excited to learn of this benefit.  I thought I would write a little about this to provide people with a little information on the subject. 
 Basically, the qualifications are:
• The Buyer could not  have own a home, as a primary residence, in the past 3 years to be considered a "First Time Home Buyer"
•Purchase date on the contract between 4/9/08 and … (1 comments)

Showing Homes in Forsyth County - 09/09/08 03:05 PM
This weekend I had a buyer in from out of town and we looked at over 60 homes in 3 days.  In looking at the 60 homes I am amazed at the number of homes that are in very poor condition. Homes that are vacant, that need to be painted, need carpet to be removed and need the A/C to run in order to sell the home.  It was the exception when a home was pleasant to view.
When you want to sell your home price is a key, but the ability to have it in showing condition is how the … (1 comments)

Atlanta's Market and how it affects Cumming and Alpharetta - 09/09/08 01:55 PM
Ga. States Rajeev Dhawan provided a forecast that in 2009 the Atlanta area is predicted to create 4,000 new jobs and then add 44,000 new jobs in 2010.  He also notes a couple of items: 1. oil needs to come down in price and 2.  the housing market needs to improve.  (From the Forsyth County Herald, 9/10/08 edition)
As long as the Atlanta area produces jobs, I do think the real estate market will improve - as long as interest rates remain relativly tame.  It certainly looks like oil is coming down, it appears China's damand for oil has decrased after the … (0 comments)

Great News for the Market - 09/09/08 12:49 PM
Early yesterday I received an email from a lender saying rates dropped to 6%, which I thought was good news, by the end of the day the 30 year fixed rate had dropped to 5.5% - this is very good news.  Rates are one of the most important factors in determining the affordability of a home - a 1/2 point drop can equate to a over a $100 per month drop in a house payment - that is big.
So why the did the rates drop?  It is because the FED took over Fannie Mae and Freddy Mac.  The FEDS said one of their … (0 comments)

 
John Foster (RE/MAX All Properties) Rainmaker_large

John Foster

Cumming, GA

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RE/MAX All Properties

Address: 566 Peachtree Parkway, Suite 120, Cumming, Ga, 30041

Office Phone: (678) 455-3048 x 109

Cell Phone: (770) 722-7010

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Discussing Real Estate in Cumming Georgia, Homes for Sale in Cumming Ga, Homes for Sale in Alpahretta Ga, Cumming Remax Agents, Alpahretta Remax Agent.


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