PRICED TO SELL: Builder Foreclosures at Sandy Springs’ High Point Manor

Once priced in the mid-$1,000,000s, the elegant executive homes of High Point Manor, to the builder’s chagrin, have become victim of a builder foreclosure.  Despite the unfortunate circumstances, buyers now have an opportunity to purchase one of these stately Sandy Springs’ homes at deeply discounted prices.

Flood Watch Areas in Metro Atlanta

Is your dream home in an area suspect to flooding? 

With the floods that Georgia experienced in 2009, you should rightfully be concerned about purchasing real estate in Metro Atlanta that could flood.  Or, maybe you already live in a home and you are not sure if your real estate is at risk. 

Savvy Real Estate Investments for 2010

Vacant residential lots are looking better and better to real estate investors.  Why? The cost of a finished, ready to build lot, can cost a developer about 25 percent of the finished home price. There are a number of these ready-to-go lots on the market at about half what they actually cost to prepare. Investor groups are snapping them up, figuring that the time will come soon when they will be in demand.

PLACES TO LOVE: SANDY SPRINGS VILLAGE

Looking for an upscale home at foreclosure prices?  Sandy Springs Village subdivision maybe just the place for you!  Located on Glenmanor Court near Glenridge Road and Johnson Ferry close to the heart of Sandy Springs, the Marta Train, and GA 400, Sandy Springs Village will allow you to easily get around Metro Atlanta.   Beyond the convenient location of the Sandy Springs Village real estate, you will love the lavish custom features.  From the over-sized master suites with spacious sitting rooms, fireplace, spa-styled bath and balcony to the gourmet kitchen with granite countertops, Sandy Springs Village is a must see for its deeply discounted prices.  These stunning brick homes also feature 4 - 6 bedrooms, terrace/basement levels, balconies, stacked stone fireplaces, hardwood floors throughout main floor, stereo surround sound pre-wiring, and many other treats for any homeowner.  There are also vacant lots available to purchase that start at a fraction of what they used to cost.

Help for REAL ESTATE INVESTORS Looking to Flip Homes

Federal Housing Administration is changing what is known as the “anti-flipping rule” to speed up sales of renovated homes in communities with too many bank-owned and foreclosed homes, says FHA Commissioner David H. Stevens.  Beginning Feb. 1, 2010, the Federal Housing Administration will provide mortgage insurance for some purchases in which the seller bought the property and held it for fewer than 90 days.  This is great news for investors that want to rehab a home and sell it to a buyer that wants to receive the Homebuyer Tax Credit before it expires on April 30, 2010 (view this link, http://www.marealtor.com/content/Homebuyer_Tax_Credit.htm, for more details on the tax credit).

Seller Announces,”NO CLOSING COSTS”

Fannie Mae, the largest provider of residential home funding in the United States, announced Friday that it would pay the closing costs on purchases of foreclosed homes in its inventory.  The government-controlled company said buyers of qualified properties will get up to 3.5 percent in closing costs, or an equivalent amount for the purchase of new appliances.

Get Ready. Set. SALE in 2010!

Due to the homebuyer tax credit and the extremely low interest rates, now can potentially be your opportunity as a homeowner to sell your home.  But in this real estate market, since buyers have a plethora of choices, it is vital that your first impression be your best and make a lasting impact on the buyer.  Here are 10 inexpensive ways that any serious Seller should do to sale his/her home in 2010.

What You Didn’t Know About the Homebuyer Tax Credit

So you have either purchased or are getting ready to purchase real estate before the tax credit deadline in April 2010 but the homebuyer tax credit is not as simple or straightforward as you might think.  Here are some nuances that will affect homebuyers who plan to use it.

 

Savings for Teachers, Police Officers, Firefighters, & EMTs

Law enforcement officers, pre-Kindergarten through 12th grade teachers and firefighters/emergency medical technicians can contribute to community revitalization while becoming homeowners through HUD’s Good Neighbor Next Door Sales Program. HUD offers a substantial incentive in the form of a discount of 50% from the list price of the home for homebuyers. In return you must commit to live in the  real estate property for 36 months as your sole residence. 

Has This Home Been Damaged? Website to Check

Now, more than ever, before buying a home, you may wonder, “Has this home been flooded or incurred some other form of damage?”.   Caveat emptor or “buyer beware” is paramount in this real estate market.  You can ask the Seller but what if they don’t know the full history or have “selective memory”, this is especially true if you are buying a home that has been foreclosed on from a bank.  There is another option - before you buy real estate, you should also check the Comprehensive Loss Underwriting Exchange (CLUE) report. 

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