covington real estate market: 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 real estate market: Home For Sale in Covington, Georgia - Lakeside - 02/15/10 08:12 AM
Home for Sale in Covington, Georgia - Lakeside  GAMLS# 02816280  $99,000For more information, call my mobile phone 770-337-5262, or visit my website www.CovingtonLivingHomes.comHome for Sale in Covington, Georgia - Lakeside - 3 Bedrooms, 2 Baths


 
If you're looking for a Home for Sale in one of Covington's wooded, quiet neighborhoods as a first-time buyer, to downsize, or as an investor, this Home for Sale is a great value!  Set on a beautiful lake-view lot of almost an acre, this Ranch-style Home for Sale has everything you need for comfortable living, including a fenced backyard for kids, extra storage … (0 comments)

covington real estate market: I've Ceased to be Amazed - 08/04/09 12:18 PM
 
In today’s Covington real estate market, I’ve ceased being amazed at the attitude of the FDIC, some of our large banks, and alleged premiere mortgage companies.  They are continuing to do more to hamper a rapid recovery of our housing industry than they are to facilitate it.  And, they don’t really seem to care.
 
There are exceptions, naturally.  But, they are few. 
 
Several of our “local” banks, strapped with significant numbers of foreclosures, are making genuine efforts to reduce their inventory and bring things back to a more normalized market.  They have assigned special management teams to … (3 comments)

covington real estate market: Great Townhome in Active Adult Community - 02/19/09 05:47 AM
Active Adult Community 3214 Salem Cove Way, The plantation, Covington, GA 30013 View Map Don't miss this great little condo hideaway. This nice townhome is close to shopping and Interstate 20 East. The courtyard entry and private patio area allow for comfortable entertaining and outdoor dining. The floorplan is very open with vaulted ceilings and spacious closets. There's a 2-car attached garage, and all appliances remain. Neutral colors and the great price make this one ready for move-in!
Details Asking Price: $94,900 MLS: 02611868 Bedrooms: 2 Bathrooms: 1.5 # of Floors: 2 Garage Size: 2-car Subdivision: The Plantation Year Built: 1987 … (0 comments)

covington real estate market: 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 real estate market: Six Degrees of Separation - 01/18/09 06:52 AM
You've probably heard the theory that everyone in the world is separated from everyone else by only six degrees.  That is to say, considering all the people you know and have come in contact with, all the people they know and have come in contact with, etc. to the sixth degree, you indirectly know or have come in contact with everyone living in the world today.  If you think about that theory, it can also explain the state of our economy here in Covington and, indeed, the world.
I received a call this week from a friend who's an architect and … (0 comments)

covington real estate market: Covington Market Watch - Year End 2008 - 01/08/09 07:13 AM
With the current state of the economy in the U.S., fueled for the past several years by the housing market, it's probably no big surprise that 2008 was not a stellar year in real estate in Covington and Newton County.
Here's how the year ended in Newton County, according to statistics drawn from the Georgia Multiple Listing Service (GAMLS).
A total of 1355 single family homes sold in Newton County during 2008, a decrease of almost 400 from those sold in 2007. 
Total Sales volume in December 2008 was almost $8 million less than in January.  And the average sales price … (0 comments)

covington real estate market: November Market Watch Follow-up - 12/04/08 05:17 AM
Here's a follow-up to our November Market Watch...
The Associated Press reports today tha, as a part of our economy bailout, the Treasury department is considering steps to lower the mortgage interest rate in an effort to stabilize the housing market.  Under consideration is a proposal to lower the rate on a 30-year fixed mortgage backed by Fannie, Freddie or the FHA to 4.5 percent.  Keep your fingers crossed, buyers!
But in some less-than-good news, Okland, Calif.-based Foresight Analytics research company reports that the greater metro-Atlanta area is a national leader in deliquent construction and land loans.  Out of 100 metro … (0 comments)

covington real estate market: November Real Estate Market Watch - 12/02/08 07:31 AM
Whether you're in the market to sell your home or buy a new one; whether you're a real estate investor or just have a single property; whether you watch the world market or just your local neighborhood, there are some interesting real estate statistics for the Covington and Conyers real estate markets for November.
Foreclosures continue to dominate the local real estate scene.  There were 54 new foreclosures in Newton County during November, and 39 in Rockdale County.  This brings the totals for 2008 to 687 foreclosures in Newton and 378 in Rockdale.  That's only 26% more for Rockdale over the … (0 comments)

covington real estate market: 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 real estate market: 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 real estate market: 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)