Archive for the ‘Roswell Real Estate’ Category

HUD Foreclosures and Government Owned Homes

Monday, April 27th, 2009

HUD Foreclosures and Govt owned homes are some of the best deals in the real estate market today.  FHA financing as well VA Financing and many other options are out there for buyers.  First time Home Buyers will find these deals easy to get into, and often cheaper than the rent for an apartment or rental home.  Georgia has some great deals on foreclosed homes, and coupled with the $8,000. stimulus rebate makes for a great deal in the real estate market today.

Please call or email me today to get a Free List of HUD Foreclosures or Govt owned homes in your area of Georgia.

Scott Dilbeck 404-861-6623

Atlanta, GA named #1 Destination for Relocation

Saturday, April 18th, 2009

U-Haul Names Atlanta as Top 2008 Destination
Tue Mar 31, 2009 4:00am EDT Email | Print | Share| Reprints | Single Page[-] Text [+]
PHOENIX, March 31, 2009 (GLOBE NEWSWIRE) — U-Haul International, Inc.,
America’s number one choice for do-it-yourself movers, today released the
results of the annual 2008 U-Haul National Migration Trend Report, titled “The
2008 Top 50 U.S. Destination Cities.” According to moving data reflective of
nationwide statistics for calendar year 2008, Atlanta takes the No. 1 spot for
the second year in a row, while Houston takes second place, moving up from the
No. 8 rank last year. Los Angeles climbed to No. 3 from No. 13 last year, while
Las Vegas maintained at No. 4 for the second year in a row, and Denver, Colo.
moved up to fifth place from the No. 9 rank last year. Portland, Ore.; Chicago,
San Antonio, Austin, Texas and Orlando, Fla. rounded out the top 10.

“Since 1945, U-Haul has built a long and proud history of relocating Americans,”
said U-Haul President of Phoenix Operations John “J.T.” Taylor. “Our consumers
rely on us to provide affordable services at convenient locations, which makes
for a shorter distance to travel when moving. This not only makes their move
easier but also has the positive effect of reducing the amount of carbon
emissions released into the atmosphere.”

The ranking reflects destinations for movers traveling more than 50 miles, and
considers every city in the country, regardless of size. However, the data is
not stated as a percentage of population and is not reflective of overall
growth.

The 2008 Top 50 U.S. Destination Cities Report was compiled from more than 1
million U-Haul truck transactions occurring between Jan.1 and Dec. 31, 2008.

Since 1945, U-Haul has been the undisputed choice for the “do-it-yourself”
mover, with a network of more than 15,650 locations in all 50 United States and
10 Canadian provinces. U-Haul customers’ patronage has enabled the Company to
maintain a fleet size of 96,000 trucks, 75,000 trailers and 35,000 towing
devices. U-Haul offers more than 395,000 rooms and more than 34 million square
feet of storage space at more than 1,075 owned and managed facilities throughout
North America. U-Haul is the consumer’s number one choice as the largest
installer of permanent trailer hitches in the automotive aftermarket industry.
U-Haul supplies alternative-fuel for vehicles and backyard barbecues as one of
the nation’s largest retailers of propane.

The U-Haul International, Inc. logo is available at

http://www.globenewswire.com/newsroom/prs/?pkgid=5134

Note to editors: The annual mileage of North American U-Haul trucks, trailers
and tow dollies would move a family to the moon and back more than 20.5 times
per day, every day of the year. The annual mileage of North American U-Haul
trucks, trailers and tow dollies would travel around the Earth 194 times per
day, every day of the year.

U-Haul Top 50 U.S. Destination Cities*

January – December 2008

1. ATLANTA, Ga. 26. PITTSBURGH, Pa.
2. HOUSTON, Texas 27. PHOENIX, Ariz.
3. LOS ANGELES, Calif. 28. NEW YORK CITY, N.Y.
4. LAS VEGAS, Nev. 29. INDIANAPOLIS, Ind.
5. DENVER, Colo. 30. FULLERTON, Calif.
6. PORTLAND, Ore. 31. COSTA MESA, Calif.
7. CHICAGO, Ill. 32. CHARLOTTE, N.C.
8. SAN ANTONIO, Texas 33. SAN JOSE, Calif.
9. AUSTIN, Texas 34. MINNEAPOLIS, Minn.
10. ORLANDO, Fla. 35. ST. LOUIS, Mo.
11. SAN DIEGO, Calif. 36. QUEENS, N.Y.
12. KANSAS CITY, Mo. 37. WEST PALM BEACH, Fla.
13. PHILADELPHIA, Pa. 38. OKLAHOMA CITY, Okla.
14. MIAMI, Fla. 39. TUCSON, Ariz.
15. SACRAMENTO, Calif. 40. TULSA, Okla.
16. BROOKLYN, N.Y. 41. SALT LAKE CITY, Utah
17. DALLAS, Texas 42. ALBUQUERQUE, N.M.
18. SAN FRANCISCO, Calif. 43. SPOKANE, Wash.
19. WASHINGTON, D.C. 44. BRONX, N.Y.
20. TAMPA, Fla. 45. LONG BEACH, Calif.
21. JACKSONVILLE, Fla. 46. FRESNO, Calif.
22. VAN NUYS, Calif. 47. BIRMINGHAM, Ala.
23. FORT WORTH, Texas 48. BALTIMORE, Md.
24. COLUMBUS, Ohio 49. SEATTLE, Wash.
25. CHRISMAN, Ill. 50. SANTA MONICA, Calif.
*Data compiled from more than 1 million U-Haul one-way truck transactions from
January – December 2008.

Buying a foreclosure in todays market. What to watch out for.

Monday, April 13th, 2009

Buying a foreclosure in today’s market can be a very lucrative purchase, and very wise investment.  In Georgia, there are many good deal in real estate to be had, but some of the best are in brand new construction homes that have been foreclosed.  There are many luxury foreclosures in new subdivisions as well as golf communities, and smaller enclaves as well.  The trick to making a wise purchase is to be sure that you are dealing with a real estate professional that have documented success in this field, and have them provide you with plenty of research on the comparable homes and neighborhood.  They should also help you in evaluating the home for improvements and the extent to which is will cost to bring up to living standards.  I have worked with many buyers and investors that have been able to buy bank owned homes for pennies on the dollar and thus have a very lucrative investment.  I am here for your free consultation, and hope to hear from you soon.

New Amendment to Housing Stimulus for $15,000

Thursday, April 2nd, 2009

 

FOR IMMEDIATE RELEASE           Contact: Joan Kirchner or Sheridan Watson, 202-224-7777

Wednesday, April 1, 2009                                                            joan_kirchner@isakson.senate.gov

                                                                                                sheridan_watson@isakson.senate.gov           

 

Senate Unanimously Approves  Amendment

Stimulate Housing Market

                                                                                                                    

WASHINGTON – The U.S. Senate today unanimously approved an amendment to the Fiscal Year 2010 Budget Resolution by U.S. Senator Johnny Isakson, R-Ga., that seeks to stimulate the nation’s declining housing market by providing for a $15,000 tax credit to individuals who purchase a home in the next year.

                                                

“Our economic crisis started with housing, and our economy will continue to suffer unless we do something now to immediately fix the housing problem,” Isakson said. “I’m pleased my colleagues in the Senate understand the importance of creating targeted incentives that will encourage Americans to buy homes again.”

 

Isakson’s amendment to the Budget Resolution would create a deficit-neutral reserve fund for providing a nonrefundable federal income tax credit for the purchase of a principal residence during a one-year period. It would also ensure that there is room available in the Fiscal Year 2010 budget levels for a homebuyer credit to be passed at a later date. Isakson plans to introduce his $15,000 tax credit as a stand-alone bill in the next few weeks.

 

On Feb. 4, 2009, the Senate unanimously approved an amendment by Isakson to the economic stimulus bill would have provided a direct tax credit to any homebuyer who purchases any home. The amount of the tax credit would be $15,000 or 10 percent of the purchase price, whichever is less. During conference negotiations between the House and Senate on the final version of the bill, Isakson’s $15,000 tax credit for all purchasers of any home was removed. Instead, House and Senate negotiators made only small modifications to the first-time homebuyer tax credit that was enacted in 2008 as part of the Housing and Economic Recovery Act of 2008. 

 

Isakson has pushed hard for a non-repayable tax credit for homebuyers because he knows that it will work. In the mid-1970s, America faced a similar housing crisis when a period of easy credit and loose underwriting flooded the market with new construction.  Interest rates rose, the economy slowed and America was left with a three-year supply of vacant homes. Congress responded by passing a $2,000 tax credit for anyone purchasing a new home for their principal residence. Isakson, who was in the real estate industry in Atlanta at the time, says the results were clear and swift as home values stabilized, housing inventory dropped and the market recovered.

Last year, Isakson introduced legislation to specifically target those homes that were causing the unprecedented increase in housing inventory by offering tax credits to individuals purchasing a foreclosed home or a home where foreclosure is pending. In April 2008, the Senate passed legislation to stimulate the nation’s declining housing market that included Isakson’s proposal. However, the final version of the legislation that was signed into law included only a $7,500 tax credit for first-time homebuyers that must be repaid over a 15-year period.

Isakson spent more than three decades in the real estate business, beginning his business career in 1967 when he opened the first Cobb County, Ga., office of a small, family-owned real estate business, Northside Realty. Isakson later served as president of Northside for 20 years, presiding over the company’s growth into the largest independent residential real estate brokerage company in the Southeast and one of the largest in America.                                                                                

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Georgia Tax Credit for Real Estate purchase

Sunday, March 29th, 2009

House Bill 261 Passes the Senate

Great news for the Georgia housing industry as Bill 261 has passed through the Senate and is on its way to a conference committee. The committee is in charge of working out the differences between the Senate version and the House version to create a decent compromise that incorporates factors from both. Hopefully we will see this updated version of the bill very soon and it will easily pass both the House and Senate again.

House Bill 261 authorizes a $3,600 home buyer tax credit for a six month period of time for the purchase of any single-family residence, including houses, townhomes and condos. This is not restricted to first-time homebuyers like the current $8,000 home buyer tax credit, and, in fact, is in addition to that credit. So first time home buyers in Atlanta would be eligible for a total of $11,600 in incentives for purchasing a new home. The legislation would be a great boost the housing market, which has already begun to see some positive numbers in the past month.

Luxury Foreclosures in Georgia

Tuesday, March 24th, 2009

Georgia has had is share of foreclosures, but some of the best deals on the market currently are luxury homes, and golf club community homes that are being sold for pennies on the dollar as a foreclosure.  The GA real estate market has seen an unexpected increase in the sale of resale homes, due to the unbelievable prices, and historically low interest rates.

Here is a prime example of a foreclosed home in Roswell, GA  that is being SOLD for less than half of original price when built in 2007.

http://atlanta.craigslist.org/reb/1087754089.html

Market is on the Move

Thursday, October 16th, 2008

Home values may be falling nationally, but they are rising or at least holding steady in many parts of Atlanta, two separate housing price indexes show.

Atlanta’s home values have inched up slightly since April, according to the S&P/Case-Schiller report, which tracks housing values in 20 metropolitan markets, including Atlanta.

And prices are up 0.2 percent over last year in Atlanta, according to the housing price index report by the Office of Federal Housing Enterprise Oversight.

“There’s not a correction, because there is nothing to correct,” said Jeff Humphreys, director of economic forecasting at The University of Georgia’s Terry College of Business.

Atlanta real estate agents say prices are holding steady especially in well-established Atlanta neighborhoods such as Buckhead, Peachtree Battle, Garden Hills, Druid Hills, East Cobb, Virginia-Highland, Morningside, Dunwoody and Sandy Springs.

Home values are decreasing in outlying counties that saw lots of new home construction and in areas where there was a lot of mortgage fraud, Humphreys said.

In the outlying counties with an oversupply of new homes, builders are likely selling at deep discounts that compete with existing home stock, he said, driving down values. Likewise, homes in foreclosure as a result of mortgage fraud are undercutting the values of neighboring homes.

Homes in established neighborhoods, inside the Perimeter, with short commutes are holding value, Humphreys said.

Georgia is not experiencing as much of the housing wealth destruction as other markets, such as Florida or California, he said. In those areas, prices are declining after a period in which prices rose as much as 22 percent a year. According to the most recent Case-Schiller report, home values are down 19.5 percent compared with last year. Las Vegas remains the weakest market, reporting an annual decline of 29.9 percent, followed by Phoenix, down 29.3 percent, and Miami, down 28.2 percent.

Atlanta, Dallas, Minneapolis and Tampa have shown improvements in their home values, the report said.

Since April, Atlanta’s home values have inched up, the report shows, but year over year, the Case-Schiller report indicates Atlanta’s home values have decreased 8.2 percent.

Humphrey’s believes the Case-Schiller database is too narrow and instead uses the report by the Office of Federal Housing Enterprise Oversight, which shows Atlanta house values rose 0.2 percent in the past year.

Those Atlantans with vacation or investment homes in Florida are seeing some housing wealth destruction “but not in the house they are living in,” Humphreys said.

The common thread for homes that seem to be holding their value is their location in older, established neighborhoods, real estate agents say.

Buyers Market spells Victory for Buyers

Monday, September 3rd, 2007

WOW, what a great time to be a home buyer in the real estate market now.  I have personally seen more deals that are unbelievable than you can imagine.  Homes in Ga, and especially the markets that I have more experience in are Roswell GA, East Cobb, and Woodstock GA, the builders keep the incentives and deals coming in order to get their homes Sold.  The resale market is still depressed, and only the homes that are at their highest potential are the ones getting sold at close to list price.  The resale homes that need a lot of work, seem to be really be getting beat up on offers and pricing.  My suggestion is to keep your home in the best possible condition, and continue to update and keep it fresh each year for marketability.  GA real estate is my passion and my true joy, and I love helping buyers and sellers find the deals that make their dreams come true.

Roswell GA Real Estate

Sunday, August 26th, 2007

The Roswell GA Real Estate market seems to just keep moving, despite the talk of slow downs in the market.  Roswell, GA has so much to offer with the best of everything, the rich history, and southern charm, yet maintains a high standard for living with anything you could want close by.  Townhomes, Condos, and lofts in Roswell GA seems to still maintain a steady demand in the market place while offering a variety of price levels, and amenity packages for any lifestyle.  Roswell GA, also offers some of the largest homes in the North Atlanta Metro area with home up to six million.  There seems to be something for everyone in this hot spot of the North Atlanta Metro area, while enjoy a great suburban lifestyle.

Time to BUY

Friday, August 24th, 2007

Wow, you could not ask for a better time to be a home buyer or investor, because the deals just keep coming.  Foreclosures are on the rise, and sellers, and builders are doing anything to get a contract.  We are talking about huge price reductions, incentives, like you have never seen before, and if you want in on the action, call Scott to get a daily email of the current motivated sellers, and foreclosures that are hitting the market daily with great deals to be had.

Scott Dilbeck