Archive for the ‘Woodstock’ Category

HUD Announces $8000 can be used for Down Payment.

Tuesday, June 2nd, 2009

HUD announced on Friday that the $8000 tax credit can be applied toward customer’s Down Payment. Additionally they will allow lenders to help the buyer use the money before they receive the credit. As of yet no lender has agreed to the program and the State of Georgia has not approved any non-profits that would assist in this endeavor.

Please see the HUD announcement, which shows that if this program is implemented it could result in160,000 new home sales!!!

http://www.hud.gov/news/release.cfm?content=pr09-072.cfm

Some highlights on the $8000 Tax Credit include:

* Owner Occupied Properties ONLY

* Customers can not have owned a home in the last 3 yrs

* Home has to be closed and Occupied by December 1, 2009

* The credit REQUIRES the property purchased to be the primary residence for 3 yrs or the credit must be repaid

*Income restrictions DO APPLY

For specifics please visit hhtp://www.irs.gov/newsroom/article/0,,id=206291,00.html

Industrial Office / Warehouse in Woodstock, GA

Friday, May 22nd, 2009

http://www.postlets.com/rem/1877633

This is a totally renovated industrial building in Woodstock, GA and located in an industrial park.  The building is metal and has approx. 9640 square foot, and located on 1 acre of land for $575K.  There is also a 1 acre lot that can be purchased with this at a good deal if desired.

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.

Lake Allatoona land Just Listed

Saturday, April 11th, 2009

We just listed 220 acres of land that is along Lake Allatoona in ideal location, just on the west side of Canton.  The land has beautiful hardwoods and gently rolling landscape. Please click on the link to go directly to web information.  The Street is Ficklen Church Way in Cherokee County, and the land can be subdivided into smaller tracts.  This is prime property for development or private farm or estate.

http://www.idxre.com/idx/listingsMap.cfm?cid=13660&lstp=featuredListings&CFID=6013632&CFTOKEN=36046265

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.