How to Live Intown In Atlanta Without Paying Top Dollar???
I'm often approached by buyers who want "screaming good deals" within the Atlanta "intown" limits. My first question to them is "How would you know a good deal if you saw one?"
Because whether you realize it or not, we ALL have a different idea for what a good deal would be. Most respond with a price-per-square-foot amount they have in their head or what the price of the home is vs. what its listed for in the county records seem to be the two most common responses. The funny thing is that most people don't realize how little the tax records factor into the TRUE value of the home and the bottom line is you WANT that number to be low, so you aren't paying more taxes. However, I digress.
So, once I have the "good deal" definition from the buyer, I ask them to pick the TWO most important things to them out of price, location and features. "WE WANT ALL OF THEM!!!" Yes, of course you do. And, one thing is for sure....I can guarantee 2 out of 3, but its virtually IMPOSSIBLE to get all 3. Let me show you why:
1) If a home is listed a KILLER PRICE in a KILLER LOCATION, you can be sure that the home will need work. Its not listed for so low, because its in AMAZING condition.
2) If a home is in KILLER CONDITION and for a KILLER PRICE, you can be sure that the home is not in an ideal location.
3) If a home is in a KILLER LOCATION and in KILLER CONDITION, you can be sure, it will not be in a "good deal" price point.
So, I'm sure you see how this works. I always like to underpromise and overdeliver, but I have a secret that I haven't been able to share with you until now...I CAN get PRICE, LOCATION AND FEATURES on this SECRET GEM that has JUST GONE ON THE MARKET.
This ROCKIN' 4-SIDED BRICK RANCH, Boasts the ULTIMATE IN In-Town Living for Only a FRACTION of What You Might Expect to Pay....
Perfectly situated off I-285 and in a stones throw to Buckhead, this ideal location has THE BEST of shops, restaurants and entertainment!!!
With RENOVATIONS already complete, this OPEN UPDATED ranch is WAYYYYYY more than meets the eye!
Get ready to be WOWED! This one is a SHOW STOPPER!!! And, what's crazy, its WAY LESS than ANYTHING comparable....SERIOUSLY, CHECK THE COMPS OR SEND ME AN EMAIL AND I WILL DO IT FOR YOU!
Other great features include:
*UNBELIEVABLE Kitchen Renovation that Boasts Center Island, GRANITE Countertops, Wine Cooler and MORE
*Stainless Steal Appliances, Oh YEAH!
*CHEF'S Kitchen Overlooking Fireside Family Room!!!
*Hard-to-Find SPACIOUS, OPEN FLOOR PLAN!!!
*Dazzling DOUBLE-PANE Energy Efficient Windows THROUGHOUT!!!!
*DESIGNER Paint Throughout!!!!~HOW SWEET???
*Fireside Family Room with TONS of Natural Light and GORGEOUS Built In Bookshelves!
*OVERSIZED Fenced Lot IN THE HEART OF THE CITY!!!!
*GLEAMING REFINISHED ORIGINAL Hardwood Floors!
*Loads of Shops, Restaurants and Entertainment in WALKING DISTANCE!
*MASSIVE Upper and Lower Decks Provide the ULTIMATE in Entertaining!
*New Fixtures Throughout! *Perfectly Situated Near I-285, GA-400 and BUCKHEAD!
*PLANTATION SHUTTERS THROUGHOUT!!
*Recessed Lighting....In a RANCH!!!
*The ENTIRE Home Has Been Updated to Current Electrical Standards!!!
*STURDY, SOLID, 4-SIDE BRICK CONSTRUCTION.......
*A Nice Bonus....Fully Wired ALARM SYSTEM!!!
*Partially Finished Basement and an ABUNDANCE of STORAGE!!!
So, its true that getting PRICE, LOCATION AND FEATURES is not an easy feat. But, I've just found the needle in the haystack. Call me today to set up your own private viewing....OR, if you can't wait, just see a sneak peak right here....
Atlanta Relocation Homes are Hard to Find Sometimes....Relocation Homes are ROCK BOTTOM Pricing Are Virtually IMPOSSIBLE.....Until Now....
Let me just start by saying....THESE ARE THE RARE TIMES BUYERS MUST PAY ATTENTION TO.....AND THE OPPORTUNITY TO CAPATALIZE ON THE BEST IN LUXURY LIVING FOR A FRACTION OF THE COST....
When you are looking for a relocation home or to upgrade your current lifestyle, you all want one thing....A GOOD DEAL!! So, how can you access a good deal??
One of the easiest ways is to consider if you were to burn the house to the ground, add the cost of the land and the cost to build the home again (with all the finishes) and if you can buy for less than you can build, its called BELOW REPLACEMENT COST, which is a rare thing to find...
THIS HOME IS WAYYYYYYY BELOW REPLACEMENT COST... You couldn't even come CLOSE to the price if you were to build it again on your own and this my friend, constitutes a GOOD DEAL!!!
See this beauty for yourself and CALL ME TO GET IN FOR YOUR PRIVATE SHOWING.......
Recently, this BREATHTAKING Entertainer's Estate with INFINITY Space has recently come up for sale and is the PERFECT relocation home. And, its MUCH MORE THAN MEETS THE INITIAL EYE.....
With a complete renovation from the studs in, this resort-like home proves a luxury living experience with every modern convenience and lavish item available and at only a FRACTION of what you might expect to pay.
Other Detailed Features of this Home Include: -COMPLETE Chef's Kitchen with MASSIVE Granite Island and View Into Fireside Family Room! -Custom-Built Cabinets with EXTENSIVE Millwork and Unsurpassed Detail! -STUNNING Stainless Steel Appliances and Island 5-Burner Gas Stove!!! -Hand-Placed Rough-Edged TRAVERTINE Backsplash!!! -LAVISH Master on Main Suite with EXTENDED, Trey Ceilings, and Private Sitting Area! -MASSIVE California Walk-In Closet!!! -UNBELIEVABLE Master Bath Renovation that Boasts His/Her's Beveled Granite Countertop Vanities! -Commissioned Master Bath Steam Shower with European Arches and Travertine Accents!!! -OVERSIZED Whirlpool Tub!!! -MIND-BLOWING In-Law/Teen Suite Complete with FULL KITCHEN, Bedroom, FULL BATH and LIVING AREAS!!! -Terrace Level Access to In-Law/Teen Suite!! -GRACIOUS Keeping Room with Breakfast Nook and Access to both Screened and Open Porches!!! -DRAMATIC and ELEGANT Foyer Entrance that Opens into Great Room!!!! -Pristine Separate Dining Room with Loads of Natural Light!!! -QUALITY 4-side Brick Construction!!! -SOUND-INSULATED Media Room! -BUTLER Laundry Room with Cork-Board Flooring and Own Separate BATH! -PRISTINE APPOINTMENTS AND TOP-NOTCH FINISHES!!! -HAND-MADE, RED-BRICK, WEEPY WALL WINE CELLAR!!! -ENTERTAINER'S DELIGHT DECK with Screened in Porch Areas and Open Areas!!! -COLOSSAL BEDROOMS!!! -ABUNDANCE of Closet Space--Most ALL Closets in the Entire Home are Walk-In! -Professional, MATURE Landscaping!!! -CROWN MOLDING ON EVERY STITCH OF THE HOME, Including the Basement! -TWO ADDITIONAL BONUS ROOMS, Can be Used at Bedrooms!! -ABUNDANCE of Space!! I mean SERIOUSLY, YOUR EYES WON'T BELIEVE IT!! -OVERSIZED FENCED-IN Corner Lot!!! -New FLOORING Throughout: Gleaming Oak Hardwoods, Slate Tile, Frizze Carpet, You Name it! -CUSTOM-BUILT Wine Cooler In Kitchen Island!!! -Upscale Swim/Tennis Community with PERSONAL Life Guard in the Summer located in the heart of Sandy Springs! -MINUTES TO Buckhead, Exquisite Dinning & Marta! -PERFECTLY situated off GA 400 and the malls---LADIES BEWARE! -COZY Neighborhood Community with Ample Family Activities!!! -And, SO MUCH MORE!!!
For more information or to schedule your own private tour, visit www.OneWinter.biz or call 678.463.3173
HGVT House Hunters Features Winter Baserva, Atlanta Realtor on National Television.....AND IT AIRS ON SUNDAY!!!
Word on the street is that 93 million viewers are tuning in to my episode of HGTV House Hunters on Sunday......OMG...please don't trip, spit, or stumble....and whatever you do, DON'T mess up! No, it wasn't that bad, but it will be interesting to see how the final episode comes out.
Called Pampered Pooch, the episode depicts my two great clients Kelly & Brian Wolk as they search for the perfect Brookhaven home!!!
The experience was UNBELIEVEABLE and if you want to see the details check it out here!!! We shot for 10 hours a day over 4 days to come up with 24 minutes of air time. And, yes, on one of the drive up scenes I hit the curb, but thank goodness for editing....
If you're around this Sunday, Jan. 10th at 9:00 p.m. or when the re-run airs at 12:00 a.m., check me out on HGVT's House Hunters,....
And, if you ready to start your own house hunt, call me today!
Atlanta Homes for Sale Year in Review Winter Baserva, ERA's Top Producing Agent Company Wide
2009.....WHAT A YEAR....
It all started with my first sale of the year to one of the most amazing investors I've ever met. A small investment Lawrenceville home with loads of potential...
As the first time home buyers credit soared, so did the buyer pool for those looking for Roswell homes for sale....My lovely couple clients who recently had a baby capitalized on this buyers market and found this FABULOUS John's Creek home and was able to start their family off in a place they could call HOME.
Many others joined the first time home buyer band wagon and we continued to capitalize on the Atlanta Home GOOD DEALS!!!
WHAT AN EXPERIENCE and the story behind the couple who filmed the show with me was simply a fairy tale.
As the year forged on, so did the opportunities for my clients....
And, thereafter more home sales.......
And, with all of this success came the need for me to expand and grow my business...in came THE ONE WINTER TEAM, a group of stellar agents dedicated to Atlanta Home GOOD DEALS and Selling homes for TOP DOLLAR!!!!
They say, "Find something you love to do and you'll never work a day in your life," I have found that and I thank all of the people who trusted their home sale or home purchase with me and my team. For those of you who have worked with me, you know you've earned a friend for life and I'm always here for you. For those who haven't, feel free to see what others have to say about my dedication and service.
I'm excited about what 2010 has to bring and what I bring to the table for those I get to work with.
Here's to a healthy, happy, prosperous and balanced 2010!!!!
ATLANTA HOMES FOR SALE NEAR NORTHSIDE HOSPITAL GO QUICK & FOR TOP DOLLAR!!!
How many times have we heard it said, "Real estate is about three things...LOCATION, LOCATION, LOCATION." For hundreds of years, this motto has still held true. And, in these times, this motto has never been more on par.
And, when the location is there (along with the features), you can be sure that the homes fly off the market...and very quickly at that (even in what others are calling a "down" market). While many are still stuck in the old headlines of "...home prices decline 10%.." and "...Atlanta foreclosures on the rise....", they have stopped paying attention to what is REALLY happening. Did you know that home prices in Atlanta increased 2% in the month of November? And, the signs that the market is recovering is apparent in EVERYTHING I do and see in the real estate world.
Before you know it, we'll be in a sellers market again. Many people laugh when I say this, as the current media "talk" say otherwise, but real estate has and WILL ALWAYS be a cycle of highs and lows. The consistent real estate curve hasn't deviated in hundreds of years and its not going to stop now either.
Therefore, while you still can, be sure to get in on some of the LAST rock bottom pricing the Atlanta Housing Market will see for a while. And, if you don't believe me about how FAST the market is turning around, I would like you to observe the following case study...
THE BLUFFS OF NANCY CREEK
This quaint little neighborhood PERFECTLY SITUATED off Johnson's Ferry RIGHT by Northside Hospital and St. Joseph's Hospital has long been desired. While the convenience next some of Atlanta's TOP hospitals has drawn many doctors and medical professionals to the neighborhood, you also have a great mix of young professionals and mature families all making their way to this happening area.
But, what's been happening that most aren't aware of is that these homes are FLLLLYYYYIINNNNG off the market. Since September 2009, there have been 6 HOME SALES in this small neighborhood!!! The neighborhood is actually doing SO WELL that they have REDUCED their HOA fees because their reserve is so high.
Some neighborhoods just have it. And, right now, for a VERY LIMITED time, I assure you....This GORGEOUS 6 BEDROOM, 4.5 BATH BEAUTY WITH 2.5 ACRES OF LAND HAS JUST BECOME AVAILABLE....
IMAGINE the opportunity to own this LAVISH EXECUTIVE ESTATE perfectly situated Near I-285 and GA-400. SECONDS from all the major hospitals including St. Joseph's and Northside hospital.
This is your opportunity to get in on this lavish palatial estate masterminded of the years at ROCK BOTTOM pricing!!!
You're eyes won't belive the top-notch appointments and stunning details. Get ready to be WOWED!!
This beast boasts more than 5,000 square feet including a FULLY FINISHED basement complete with two rooms, its own kitchenette, renovated bathroom, seperate living areas and terrace level access to the OUTDOOR PARADISE....
On the subject of the OUTDOOR PARADISE, with over 2.5 acres of land, we've spared no expense in making this home the BEST in town!! Enjoy a cup of Joe with your OUTDOOR STACKED STONE FIREPLACE. Or relax under the arbor and soak up the rays...Better yet, take a dip in the pool or soak up the heat in the hot tub, either way, the mature landscaping and pool side paradise makes you feel like you're on vacation!!!
With THREE LEVELS OF FULLY FINISHED PERFECTION, this home is SURE TO PLEASE!!!
This gem boasts so many well-appointed features; it's hard to cover them all. What I can say for sure is that this home is NOT the home for you if.....
*You DON'T need an abundance of space. *You DON'T enjoy or NEED a full, finished basement with its own kitchen and separate in-law/teen suite. *You ONLY entertain two times a year. *You want a "FIXER UPPER". *You DON'T want to impress your friends and family. *You're NOT looking for a GREAT value! *You just DON'T enjoy the finer things in life.
But don't take my word for it....see for yourself....
If you would like the RARE opportunity to own a GEM in the HEART of one of Atlanta's most HIGHLY-SOUGHT OUT AREAS for ROCK BOTTOM PRICING, call me today!!!
Atlanta's Home Market is Picking Up!!! My Roswell Home Sold in TWO DAYS!!!!
For the last couple of years, I've heard a lot of the following: "The housing market is bad," "...there is no way I can sell now...", "...if I sell, I will loose money...", "with the market the way it is, I'll never get out of my home..." Tough crowd to say the least.
When I say I'm a real estate agent, its mostly followed by the crooked smile and look of total awe followed by a "....geez....how ya hangin' in there?" I smile back and kindly let them know, this has been my best year ever. Many ask how I've sold 38 homes in what the economy is labeling as "housings worst market ever." Especially, when your average agent only sells 8 houses in AN ENTIRE YEAR.
We'll, for one, success is a mindset. More millionaires were made in the Great Depression than any other time in American history. And, we are NO WHERE near the Great Depression. Secondly, I use strategies that NO ONE is using and I'm running circles around the competition. Of course, this is followed by hours, upon hours of hard work and dedication too. Finally, I do the right thing...I always have and I have talked my clients out of more deals than I've made. I believe doing the right thing will always win out in the end and the referrals that have come from it are 10-fold.
One of the most successful aspects of my business is helping home owners sell their homes for top dollar. My strong background in marketing and public relations has paid off in helping home owners pull big bucks for their home. In addition, with ERA's Seller Security Plan, "I WILL SELL YOUR HOME IN 180 DAYS, OR ERA WILL BUY IT!" Luckily though, I've never needed to use that program.
For example, this Roswell home was the HIGHEST PRICE home in the neighborhood. While others homes have sat on the market anywhere from 6-12 months, I received a FULL PRICE OFFER in THREE days of putting the home on the market. Did I work voodoo? No, but I DID paint the value in the home and when you can paint the value, the dollars will follow.
My 26+++ point marketing system works and helps home owners sell quickly. But, if that wasn't enough, with ERA's Seller Security Program, "If I don't sell your home in 180 days, ERA will buy it." How's THAT for security in an unsecure market. If you're looking to sell or would like to know more about how to get top dollar for your home, feel free to contact me or just hit the button below to call me directly.
In the meantime, feel free to see for yourself why this beauty sold for FULL PRICE in three days!!!
Brookhaven residents Brian and Kelly Wolk (at left) will be featured on an upcoming episode of HGTV's "House Hunters," a show that chronicles the house-buying experience from browsing the market to signing the contract. Sandy Springs resident and real estate agent Winter Baserva (in black) selected the Wolks for the show after producers contacted her. (click for larger version)
November 13, 2009 This has been Sandy Springs resident Winter Baserva's "best year ever."
The realtor with ERA the Good Broker has sold 32 houses in areas like Buckhead, Brookhaven, Sandy Springs and Dunwoody. The average agent closes eight transactions a year, according to the National Association of Realtors.
One of those sales will be featured on an upcoming episode of HGTV's "House Hunters." The program that airs weeknights at 9 p.m. follows buyers as they tour three houses, select their favorite and sign a contract. New episodes start in late January.
Baserva was approached by show producers this fall.
"I was really, really excited," said Baserva, an agent for 5 years. "HGTV is such a reputable show."
Baserva shows the Wolks three houses in the episode of "House Hunters" that will air when the new season debuts in late January. Two of the houses, including the one the Wolks purchased, are in Brookhaven. (click for larger version)
She said she was humbled to be selected from the approximately 46,000 realtors in Atlanta.
"I think they were looking for somebody upbeat and different," said Baserva, ERA's top-producing broker. "They were also looking for people that are having really good success in a down market."
She asked her clients Brian and Kelly Wolk if they would be interested in participating.
"They are avid HGTV 'House Hunters' watchers," Baserva said. "I mean, they memorize the show. I knew without a doubt they were the ones I wanted to pick."
The young professionals that married in April 2008 were looking to move from their tiny Buckhead condo in Eclipse on Pharr Road to a more spacious residence.
"We had been living there together for about a year and it's one bedroom, one bathroom, no storage, very small," said Kelly, branch manager for human resource company Adecco. Her husband works for Equifax. "It was the two of us and our dog, which was fun, but we really wanted to capitalize on the buyer's market right now."
They became acquainted with Baserva after calling a number on a for-sale sign.
"It wasn't even her number," Kelly said. "I'm not sure how it led us to her."
Filming for "House Hunters" took place Sept. 3-5 and will feature two houses in Brookhaven, including the one the Wolks purchased. The episode chronicles the couple's rather heart-pounding experience in placing the offer.
Only three episodes of "House Hunters" were filmed in Atlanta. The one that features local residents was shot Sept. 3-5. (click for larger version)
"The first time we went in with our offer, it didn't pan together," Baserva said. "The seller didn't take it. The house went off the market with another buyer, and they were devastated, totally heartbroken."
But when that sale dissolved, the Wolks submitted a more aggressive offer and landed the house.
"It was a real fairy tale story all around," Baserva said. "I'm so glad that particular client got picked for the show just because they encountered a lot. They went through a lot just to get their dream home."
Kelly said filming the television show was exciting.
"When the crew came, they were all really laid-back, and they were really good at their jobs," she said. Still, her nerves got the best of her.
"The very first time they filmed me, there was a word I could just not get past and I got so hysterical," Kelly said. "I laughed for a good five minutes, and finally I recomposed."
The Wolks are enjoying their new home and are anxious to relive the experience through "House Hunters."
"We absolutely love our new house," Kelly said. "We've got an area to grill and multiple bedrooms. We've already had guests come and stay.
"It's really been a huge improvement for us. We sit on the couch and kind of look around, have a glass of wine and say, 'Is this really our house?' It's truly been unbelievable."
Now...why would I call my seller CRAZY??? We'll quite honestly, anyone who drops the price $24,000 in less than 30 days on this palacial entertainer's estate has to be nuts!!!
Since I have put the home on the market, we have had an INFLUX of traffic at its original price and it hasn't even been a full 30 days....
THESE ARE THE RARE TIMES BUYERS MUST PAY ATTENTION TO.....AND THE OPPORTUNITY TO CAPATALIZE ON THE BEST IN LUXURY LIVING FOR A FRACTION OF THE COST....
See this beauty for yourself and CALL ME TO GET IN FOR YOUR PRIVATE SHOWING before this one FLYYYYYYYYSSS off the market.....
Recently, this BREATHTAKING Entertainer's Estate with INFINITY Space has recently come up for sale and is the PERFECT relocation home. And, its MUCH MORE THAN MEETS THE INITIAL EYE.....
With a complete renovation from the studs in, this resort-like home proves a luxury living experience with every modern convenience and lavish item available and at only a FRACTION of what you might expect to pay.
Other Detailed Features of this Home Include: -COMPLETE Chef's Kitchen with MASSIVE Granite Island and View Into Fireside Family Room! -Custom-Built Cabinets with EXTENSIVE Millwork and Unsurpassed Detail! -STUNNING Stainless Steel Appliances and Island 5-Burner Gas Stove!!! -Hand-Placed Rough-Edged TRAVERTINE Backsplash!!! -LAVISH Master on Main Suite with EXTENDED, Trey Ceilings, and Private Sitting Area! -MASSIVE California Walk-In Closet!!! -UNBELIEVABLE Master Bath Renovation that Boasts His/Her's Beveled Granite Countertop Vanities! -Commissioned Master Bath Steam Shower with European Arches and Travertine Accents!!! -OVERSIZED Whirlpool Tub!!! -MIND-BLOWING In-Law/Teen Suite Complete with FULL KITCHEN, Bedroom, FULL BATH and LIVING AREAS!!! -Terrace Level Access to In-Law/Teen Suite!! -GRACIOUS Keeping Room with Breakfast Nook and Access to both Screened and Open Porches!!! -DRAMATIC and ELEGANT Foyer Entrance that Opens into Great Room!!!! -Pristine Separate Dining Room with Loads of Natural Light!!! -QUALITY 4-side Brick Construction!!! -SOUND-INSULATED Media Room! -BUTLER Laundry Room with Cork-Board Flooring and Own Separate BATH! -PRISTINE APPOINTMENTS AND TOP-NOTCH FINISHES!!! -HAND-MADE, RED-BRICK, WEEPY WALL WINE CELLAR!!! -ENTERTAINER'S DELIGHT DECK with Screened in Porch Areas and Open Areas!!! -COLOSSAL BEDROOMS!!! -ABUNDANCE of Closet Space--Most ALL Closets in the Entire Home are Walk-In! -Professional, MATURE Landscaping!!! -CROWN MOLDING ON EVERY STITCH OF THE HOME, Including the Basement! -TWO ADDITIONAL BONUS ROOMS, Can be Used at Bedrooms!! -ABUNDANCE of Space!! I mean SERIOUSLY, YOUR EYES WON'T BELIEVE IT!! -OVERSIZED FENCED-IN Corner Lot!!! -New FLOORING Throughout: Gleaming Oak Hardwoods, Slate Tile, Frizze Carpet, You Name it! -CUSTOM-BUILT Wine Cooler In Kitchen Island!!! -Upscale Swim/Tennis Community with PERSONAL Life Guard in the Summer located in the heart of Sandy Springs! -MINUTES TO Buckhead, Exquisite Dinning & Marta! -PERFECTLY situated off GA 400 and the malls---LADIES BEWARE! -COZY Neighborhood Community with Ample Family Activities!!! -And, SO MUCH MORE!!!
For more information or to schedule your own private tour, visit www.OneWinter.biz or call 678.463.3173
It's Official! The Tax Credit Has Been Extended....BUT WHAT DOES THAT REALLY MEAN????
Who Gets What? First-Time Homebuyers (FTHBs): First-time homebuyers (that is, people who have not owned a home within the last three years) may be eligible for the tax credit. The credit for FTHBs is 10% of the purchase price of the home, with a maximum available credit of $8,000
Single taxpayers and married couples filing a joint return may qualify for the full tax credit amount.
Current Owners: The tax credit program now gives those who already own a residence some additional reasons to move to a new home. This incentive comes in the form of a tax credit of up to $6,500 for qualified purchasers who have owned and occupied a primary residence for a period of five consecutive years during the last eight years.
Single taxpayers and married couples filing a joint return may qualify for the full tax credit amount.
What are the New Deadlines? In order to qualify for the credit, all contracts need to be in effect no later than April 30, 2010 and close no later than June 30, 2010.
What are the Income Caps? The amount of income someone can earn and qualify for the full amount of the credit has been increased.
Single tax filers who earn up to $125,000 are eligible for the total credit amount. Those who earn more than this cap can receive a partial credit. However, single filers who earn $145,000 and above are ineligible.
Joint filers who earn up to $225,000 are eligible for the total credit amount. Those who earn more than this cap can receive a partial credit. However, joint filers who earn $245,000 and above are ineligible.
What is the Maximum Purchase Price? Qualifying buyers may purchase a property with a maximum sale price of $800,000. What is a Tax Credit? A tax credit is a direct reduction in tax liability owed by an individual to the Internal Revenue Service (IRS). In the event no taxes are owed, the IRS will issue a check for the amount of the tax credit an individual is owed. Unlike the tax credit that existed in 2008, this credit does not require repayment unless the home, at any time in the first 36 months of ownership, is no longer an individual's primary residence.
How Much are First-Time Homebuyers (FTHB) Eligible to Receive? An eligible homebuyer may request from the IRS a tax credit of up to $8,000 or 10% of the purchase price for a home. If the amount of the home purchased is $75,000, the maximum amount the credit can be is $7,500. If the amount of the home purchased is $100,000, the amount of the credit may not exceed $8,000.
Who is Eligible for the FTHB Tax Credit? Anyone who has not owned a primary residence in the previous 36 months, prior to closing and the transfer of title, is eligible.
This applies both to single taxpayers and married couples. In the case where there is a married couple, if either spouse has owned a primary residence in the last 36 months, neither would qualify. In the case where an individual has owned property that has not been a primary residence, such as a second home or investment property, that individual would be eligible.
As mentioned above, the tax credit has been expanded so that existing homeowners who have owned and occupied a primary residence for a period of five consecutive years during the last eight years are now eligible for a tax credit of up to $6,500.
How Much are Current Home Owners Eligible to Receive? The tax credit program includes a tax credit of up to $6,500 for qualified purchasers who have owned and occupied a primary residence for a period of five consecutive years during the last eight years.
Can Homebuyers Claim the Tax Credit in Advance of Purchasing a Property? No. The IRS has recently begun prosecuting people who have claimed credits where a purchase had not taken place.
Can a Taxpayer Claim a Credit if the Property is Purchased from a Seller with Seller Financing and the Seller Retains Title to the Property? Yes. In situations where the buyer purchases the property, even though the seller retains legal title, the taxpayer may file for the credit. Some examples of this would include a land contract or a contract for deed.
According to the IRS, factors that would demonstrate the ownership of the property would include: 1. Right of possession, 2. Right to obtain legal title upon full payment of the purchase price, 3. Right to construct improvements, 4. Obligation to pay property taxes, 5. Risk of loss, 6. Responsibility to insure the property, and 7. Duty to maintain the property.
Are There Other Restrictions to Taking the FTHB Credit? Yes. According to the IRS, if any of the following describe a homebuyer's situation, a credit would not be due: They buy the home from a close relative. This includes a spouse, parent, grandparent, child or grandchild. (Please see the question below for details regarding purchases from "step-relatives.") They do not use the home as a principal residence. They sell their home before the end of the year. They are a nonresident alien. They are, or were, eligible to claim the District of Columbia first-time homebuyer credit for any taxable year. (This does not apply for a home purchased in 2009.) Their home financing comes from tax-exempt mortgage revenue bonds. (This does not apply for a home purchased in 2009.) They owned a principal residence at any time during the three years prior to the date of purchase of your new home. For example, if you bought a home on July 1, 2008, you cannot take the credit for that home if you owned, or had an ownership interest in, another principal residence at any time from July 2, 2005, through July 1, 2008.
Can Homebuyers Purchase a Home from a Step-Relative and Still be Eligible for the Credit? Yes. As long as the person they buy the home from is not a direct blood relative, the purchase would be allowed.
If a Parent (Who Will Not Live In The Property) Cosigns for a Mortgage, Will Their Child Still be Eligible for the Credit? Yes, provided that the child meets the other requirements for the tax credit.
What to Look for in an Atlanta Relocation Home.....
Atlanta, the sixth-largest city in the Southeastern region and home to over 5.3 million residents, has undergone a transition from a city of regional commerce to a city of international influence. It has been among the fastest growing cities in the developed world for over a decade. And, fortunately for those of us who live here, we see no signs of this slowing down. As a matter of fact, by the year 2020 Atlanta is projected to house over 8 million residents!!! And, with all of the global technology companies and international corporate headquarters such as UPS, Delta, Coca-Cola, CNN, TBS, the Center for Disease Control, etc. there will always be a steady flow of people relocating to the area.
So, when you are being relocated to the sweet tea capital of the world, keep in mind these simple tips when your company or you are looking for your perfect relocation home:
1)LOCATION: How many times have we heard this one?? We'll, you will need to consider this EVEN MORE carefully in Atlanta, as some of the commutes can have you in your cars for days. Most people who are relocating to the area opt for a "suburban feel" with proximity to "the city" where most headquarters are located.....In comes the ideal town of Sandy Springs. Perfectly situated near I-285 and GA-400, this is one of the BEST areas in terms of family life, proximity, shopping, entertainment and more. The air is clean, people friendly and you have access to just about ANY restaurant, store, etc. that you may need.
As a real estate agent, I spend 90% of my time in the car and doing ANYTHING to avoid the ATL grind and I'm happy to say that Sandy Springs/Atlanta has been my home for the last three years. It's just SO close to the city and SO safe and suburban. Remembering your location is the first tip to finding a good Atlanta home.
2) FEATURES-Most people that are being relocated to the area tend to hold high power, high stress and highly time consuming jobs. Renovations and rehab are not items that most are able to do and even if they wanted to or could afford to, just don't have the time. You will want to find a home that has the features you want, so you can move right in and get settled.
3) FINISHED BASEMENTS-While this is really one of the "features" you are looking for, finding a home with square-footage and more importantly, a finished basement will be KEY to your resell value. Atlanta is BIG ON BASEMENTS. And, they MUST be finished. You can find homes that have basements, but don't actually have bathrooms, bedrooms, full kitchens, etc. Having an In-Law/Teen suite DRASTICALLY increases your property value. And, if you CAN'T find a home with an In Law suite, then be sure to have one built out or finish your basement to help compete with other owners.
4) PRIVACY-This goes for both "inside" and "outside" the home. If you've moved here from another location, chances are you will want your friends and family to visit. Be sure to chose a home that has plenty of space, and more importantly, individual suites, rooms and bathrooms, so your guest feel welcome. This also goes for the exterior positioning of your home. You want a home with space that is not too close to your neighbors and boasts an attractive lot.
While these are just some of the things to look for when relocating to Atlanta, other things such as low taxes and schools will also need to be considered. Although, its hard to find all of the items above in a home, its not impossible.
Recently, this BREATHTAKING Entertainer's Estate with INFINITY Space has recently come up for sale and is the PERFECT relocation home. And, its MUCH MORE THAN MEETS THE INITIAL EYE.....
With a complete renovation from the studs in, this resort-like home proves a luxury living experience with every modern convenience and lavish item available and at only a FRACTION of what you might expect to pay.
Other Detailed Features of this Home Include: -COMPLETE Chef's Kitchen with MASSIVE Granite Island and View Into Fireside Family Room! -Custom-Built Cabinets with EXTENSIVE Millwork and Unsurpassed Detail! -STUNNING Stainless Steel Appliances and Island 5-Burner Gas Stove!!! -Hand-Placed Rough-Edged TRAVERTINE Backsplash!!! -LAVISH Master on Main Suite with EXTENDED, Trey Ceilings, and Private Sitting Area! -MASSIVE California Walk-In Closet!!! -UNBELIEVABLE Master Bath Renovation that Boasts His/Her's Beveled Granite Countertop Vanities! -Commissioned Master Bath Steam Shower with European Arches and Travertine Accents!!! -OVERSIZED Whirlpool Tub!!! -MIND-BLOWING In-Law/Teen Suite Complete with FULL KITCHEN, Bedroom, FULL BATH and LIVING AREAS!!! -Terrace Level Access to In-Law/Teen Suite!! -GRACIOUS Keeping Room with Breakfast Nook and Access to both Screened and Open Porches!!! -DRAMATIC and ELEGANT Foyer Entrance that Opens into Great Room!!!! -Pristine Separate Dining Room with Loads of Natural Light!!! -QUALITY 4-side Brick Construction!!! -SOUND-INSULATED Media Room! -BUTLER Laundry Room with Cork-Board Flooring and Own Separate BATH! -PRISTINE APPOINTMENTS AND TOP-NOTCH FINISHES!!! -HAND-MADE, RED-BRICK, WEEPY WALL WINE CELLAR!!! -ENTERTAINER'S DELIGHT DECK with Screened in Porch Areas and Open Areas!!! -COLOSSAL BEDROOMS!!! -ABUNDANCE of Closet Space--Most ALL Closets in the Entire Home are Walk-In! -Professional, MATURE Landscaping!!! -CROWN MOLDING ON EVERY STITCH OF THE HOME, Including the Basement! -TWO ADDITIONAL BONUS ROOMS, Can be Used at Bedrooms!! -ABUNDANCE of Space!! I mean SERIOUSLY, YOUR EYES WON'T BELIEVE IT!! -OVERSIZED FENCED-IN Corner Lot!!! -New FLOORING Throughout: Gleaming Oak Hardwoods, Slate Tile, Frizze Carpet, You Name it! -CUSTOM-BUILT Wine Cooler In Kitchen Island!!! -Upscale Swim/Tennis Community with PERSONAL Life Guard in the Summer located in the heart of Sandy Springs! -MINUTES TO Buckhead, Exquisite Dinning & Marta! -PERFECTLY situated off GA 400 and the malls---LADIES BEWARE! -COZY Neighborhood Community with Ample Family Activities!!! -And, SO MUCH MORE!!!
With the historical recognition such as Gone With the Wind, the Braves, the 1996 Olympic Games, and over 32 "Peachtree"-named streets Atlanta is constantly reinventing itself.
And with homes for sale like these at such rock-bottom pricing, it's no wonder why Georgia is On My Mind.
For more information or to schedule your own private tour, visit www.OneWinter.biz or call 678.463.3173
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
first question to them is "How would you know a good deal if you saw one?"
work. Its not listed for so low, because its in AMAZING condition.
If a home is in a KILLER LOCATION and in KILLER CONDITION, you can be sure, it will not be in a "good deal" price point.
Atlanta
;)
;)
