covington georgia realtor: New Taxes on Home Sales
- 01/14/11 09:47 AM
For several months, since ObamaCare was approved, there has been a lot of information spinning around online about the legislation, most of which is -at least - partially wrong. I got another such email from a friend today, so I wanted to let him and all the others who read my blog know the true information as I understand it concerning future taxation of earnings from the sale of a private residence - your home in Covington. The email my friend was distributing said that as of January 1, 2013, if you sold your home, there would be a 3.8% tax … (1 comments)
Covington Georgia September 2009 Real Estate Market Report
Active Listings 1024 Pending Sales 126 Closed Sales 79 Week's Inventory 56 (Absorption Rate) The "Weeks Inventory" indicates the number of weeks it takes to sell the current inventory of homes on the market at the present rate of sales. Inventory level in a "good real estate market" is considered to be around 24 weeks.
Since Last Month's Report:
Active Listings DOWN 26.3% Pending Sales DOWN 9.4% Closed Sales DOWN 15% Foreclosures: New foreclosures in the Covington and Newton County real estate market were DOWN in … (2 comments)
covington georgia realtor: Covington Confection for the First-Time Buyer
- 09/16/09 07:43 AM
Complete Renovation - Top to Bottom 288 Veal Road, Covington, GA 30016 View Map You'll not find a nicer home priced for the first-time buyer than this completely renovated beauty. Nice open floor plan with everything new, from roof to hardwoods. New carpet, fixtures, decorator colors, kitchen tile, deck and storage building. Huge playroom can be used as fourth bedroom. All rooms are oversize, with separate dining area, office space, and everything on a single floor. Expertly maintained, exquisitely clean, and ready to move in. Sit on your deck and watch the kids play in the private backyard of this 2+ … (0 comments)
Homes in Covington and Newton County newly listed on the Georgia Multiple Listing Service during July totaled 246, down 34.9% from the same period last year. However, pending sales in July were up by 32.8% over a year ago. The reason is three-fold… July is historically a good selling season as families try to get resettled before school reopens, home prices remain depressed as opposed to last year, and mortgage interest rates remain low.
The average sales … (0 comments)
covington georgia realtor: Executive Home in Highlands Forest
- 02/19/09 05:25 AM
Stately Executive Home 85 Highlands Forest Lane, Highlands Forest, Oxford, GA 30054 View Map Gorgeous, perfectly maintained all-brick executive home in sought-after Highlands Forest. Custom-built in 2002, this home has everything needed for entertaining or your relaxed lifestyle... 2-story foyer, formal dining, fireside Great Room, open gourmet kitchen with cherry cabinets and hard-surface countertops, breakfast area, keeping room with stacked stone fireplace, Butler's Pantry. The spacious Master Suite is on the main, with well-appointed bath. The finished basement features an in-law of teen suite with full kitchen and huge playroom... plus plenty of storage space. Stroll outside to the lush landscaping, … (0 comments)
covington georgia realtor: Charming Low-Country Cottage
- 02/18/09 05:01 AM
v style="margin: 0 auto; width: 755px; background: #fff; text-align: left;"> Charming Low-Country Cottage 4121 Summers Street, Clark's Grove, Covington, GA 30014 View Map This charming Low-country style cottage is centrally located on Clark's Grove's bungalow court. The open floor plan, rocking chair front porch, and master suite on the main level offer comfortable living. Relax in the fireside great room or entertain from the open galley kitchen and screened rear porch. Beautifully landscaped for year-round color and privacy. Just steps to the Olympic pool or Coffee house. Or take a leisurely stroll along the neighborhoods tree-lined sidewalks. Located just a short … (0 comments)
covington georgia realtor: Covington Restaurants... Smiley's
- 12/23/08 07:58 AM
I grew up in the South eating home-cooked Southern food. My Mom was a great cook, as is my wife. But Mom always cooked in ways that we've come to realize weren't so good for you. Her biscuits were made with lard. Chicken, or pork chops or steak was fried. Most veggies were cooked with fat back. And the cornbread was always slathered with butter. The result... yummy food, bouts with being overweight, and cholesterol pills. Now, I'm not sure they cook like Mom did, but you can still get that great Southern home-style food at Smiley's in Porterdale. No white … (0 comments)
covington georgia realtor: Wise Information From A Weissman
- 05/27/08 03:14 PM
As Realtors in Georgia, we are extremely fortunate to have the insight, expertise and guidance of a very wise man, Seth Weissman. Weissman is a senior partner in the law firm of Weissman, Nowack, Curry & Wilco, P.C., and serves as general counsel of our Georgia Association of Realtors. In that capacity, Weissman is not only an advocate for Georgia Realtors, but equally for every home buyer and seller throughout the State. Mr. Weissman recently co-authored and article with Dan Forsman, president and CEO of Prudential Georgia Realty entitled "Sorting Out Atlanta's Housing Market." I just came across the article, but … (0 comments)
covington georgia realtor: Covington Georgia Mortgage Lending - Part 3: Risky Business
- 05/13/08 01:44 PM
At the risk of loosing about 51% of my readers, I have to say right up front that... No, girls! This is not about the 1983 movie, "Risky Business," that propelled Tom Cruise to fame. Sorry! This is the third in a series of articles on mortgage lending in the Covington Georgia real estate market. And that, too, in today's market, can be a "risky business." In mortgage transactions, the lender takes the risk that you and I, as borrowers, may default on the loan and not repay the debt. Therefore, they assess their risk on every type of mortgage … (0 comments)
covington georgia realtor: Covington Georgia Mortgage Lending - Part 2: Do I Have Your Approval?
- 05/05/08 08:09 AM
In this second part of my series on mortgage lending, we'll discuss "underwriting" and the difference between being "pre-qualified" or "pre-approved" for you mortgage loan. In the Covington real estate market, for every mortgage loan transaction, the lender must determine how risky it is for them to give you a mortgage loan. Lenders have much more vigilant in today's market due to the high default rate on mortgages in the U.S., and rightly so. After all, lenders are the ones who take the risk that you and I, as borrowers, may default on the loan and not repay our debt. To assess … (1 comments)
covington georgia realtor: Covington Georgia Mortgage Lending - Part 1: Show Me The Money!
- 04/22/08 08:21 AM
How many homes have you bought and sold? How many times have you sat at a closing table, signed your name about a thousand times, walked away with the key to your new home and all you understood about your mortgage was how much the monthly payments were? I’ve done that – 10 times! Before I became a Realtor®, mortgage lending was all a big blur to me. I knew I applied for a mortgage loan, gave the lender tax returns, bank account records, and my bosses’ contact information to verify my employment. But what happened between then and the time I … (0 comments)
covington georgia realtor: The Time Is Now! - Reinforced
- 04/18/08 08:51 AM
Around the first of this month, I wrote a short blog called "The Time Is Now!" about when is a good time to buy a house. This morning, an article in the Atlanta Journal Constitution reinforced my idea that there's no better time to buy real estate than now. Julie Hairston wrote in the AJC this morning that Atlanta Falcons owner Arthur Blank has just put his seven-bedroom Buckhead mansion on the market for $10.9 million. Well, most of us couldn't even afford one bay of the three-car garage or a couple of the seven full baths in that home! But, that's … (0 comments)
covington georgia realtor: Covington Real Estate Market Watch: First Quarter
- 04/02/08 12:34 PM
At the end of this year's first quarter, here's what's happening in the Covington and Newton County Georgia real estate market. According to the Georgia Multiple Listing Service (GAMLS), there are currently 1964 single family homes actively listed for sale in Covington and Newton County. The average list price of these 1964 homes is $207,125., and they have been on the market for an average of 133 days. Most of the homes listed are three (3) bedroom homes - 864 of them, at an average list price of $152,962. Four (4) bedroom homes comprised the next largest number on the market - 691 … (0 comments)
covington georgia realtor: The Time Is Now!
- 02/20/08 06:34 AM
A Realtor associate of mine in Covington said to me today, "I did it! I just put my house on the market. It's probably not a good time to do it, but..." This statement was from a full-time, professional, successful Realtor with over 20 years experience in the marketplace. So, when is a good time to put your house on the market? Traffic from real estate buyers and sellers in Covington is beginning to move again. Builders in Covington are still building new homes. The news media has tired of their campaign to terrorize the public about the horrible real estate market. Some … (9 comments)
covington georgia realtor: Many Happy Returns!
- 01/02/08 06:19 AM
If you're in the Covington, Georgia real estate market and are thinking about selling your home in 2008, here are two things you could consider to help you sell faster at a better price: 1. Consider remodeling or fix-up projects that would enhance the beauty and livability of your home! "Remodeling" magazine says to focus your efforts mostly on exterior upgrades for the best returns. In the magazine's 20th "Cost vs. Value" survey, "Remodeling" found siding replacement, window replacement and deck additions returning over 80% of their value when the home was sold. Only one interior project - a minor kitchen remodel - … (0 comments)
covington georgia realtor: Covington Georgia Real Estate: "Top Ten" Follow-Up
- 11/08/07 03:02 AM
This is a follow-up to my "Covington Georgia Real Estate: Top Ten Reasons You'll Want To Make Covington Georgia Your Home" post. Although there were nine other great reasons you might want to live in Covington, Georgia, the Number 1 reason was Covington's "Southern Charm." To reinforce that top reason, here are a couple of tours showcasing some of Covington's gracious old southern homes. These beautiful homes are a source of pride to current and future residents of Covington. They are a rich legacy of the past which we cherish and pass on as a heritage to generations yet unborn. I hope you enjoy … (2 comments)
covington georgia realtor: Covington Georgia Real Estate: Top Ten Reasons You'll Want To Make Covington Georgia Your Home
- 11/06/07 07:32 AM
Are you thinking of moving to Georgia... or more specifically Covington, Georgia? If you are, you're making a great choice!! I may be a bit prejudiced because I live here... and grew up here. But let's see if I can convince you that what I say about Covington, Georgia being a great place to live - without prejudice - is true. Here are the Top Ten Reasons You'll Want To Make Covington, Georgia Your Home: 10. EDUCATION: Schools and education in Covington and Newton County, Georgia are, admittedly, not the best in the State. However, we're far from the bottom of the list. … (6 comments)
covington georgia realtor: Covington Living Market Watch: September
- 10/09/07 09:26 AM
Around the first of a new month and time for another look at the Real Estate market statistics for the month of September. In Covington, Georgia and Newton County during the month of September, there were 2101 single family residences actively listed for sale. The average Days On Market, or length of time these homes have been for sale, has reached 114 days. During September, 107 homes were sold. They had been on the market for an average of 98 days. Here's a telling statistic: The homes sold during September sold for only 87.8% of their listing price, indicating how much of … (0 comments)
covington georgia realtor: Hang In There, Kid!
- 09/11/07 02:20 AM
Last Friday was a stellar day! Footings for the model home and the first two specs were poured in a new Traditional Neighborhood Development in Covington. Dorchester Placeis new neighborhood being built in the heart of Covington's historic district just about three blocks off the town square. Judging from the public interest we've had since we started taking lot reservations a couple of months ago, the neighborhood is long-awaited and much anticipated... but by no one more than me! I began trying ro secure marketing rights for the community four years ago this month. I knew the property from living adjacent to it … (0 comments)
covington georgia realtor: Covington Living Market Watch
- 09/05/07 10:18 AM
I walked out my front door this morning, coffee mug in hand, to pick up my newspapers. The AJC seemed about normal size for a Wednesday morning, but, Hmmm... the "Covington News" seemed a bit thicker than normal. The Covington News is our official outlet for legal notices in Newton County. When I turned to the "Public Notices" section the reason was evident... 17 full pages today of Notices of Sale Under Power! That's foreclosures, folks. And it's up two pages from last month. At an average of about 9.5 notices per page, that equates to about 162 homes this period. … (2 comments)
For several months, since ObamaCare was approved, there has been a lot of information spinning around online about the legislation, most of which is -at least - partially wrong. I got another such email from a friend today, so I wanted to let him and all the others who read my blog know the true information as I understand it concerning future taxation of earnings from the sale of a private residence - your home in Covington. The email my friend was distributing said that as of January 1, 2013, if you sold your home, there would be a 3.8% tax … (1 comments)
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