ALTERNATIVES TO THE TAX CREDIT: How to Get Up to $7500 For Buying a Home in One of These Georgia Counties

The Georgia Department of Community Affairs (DCA) has yet another new down payment assistance option to its Georgia Dream Homeownership Program to help revitalize and attract home buyers to the several counties affected by the 2009 Georgia floods.  The Georgia Dream Recovery Program offers down payment and closing cost assistance for all home buyers in the following Metro Atlanta counties: Carroll, Cherokee, Cobb, Dawson, Dekalb, Douglas, Fulton, Gwinnett, Heard, Newton, Paulding and Rockdale. For those desiring to purchase a home in these counties, the real estate qualifications to receiving the Recovery Program funds are that it maybe any home within one of these counties (it does not have to have been personally affected/damaged by the floods) with a purchase price of no more than $300,000.  The DCA’s recovery program is also available to counties in other parts of Georgia including: Catoosa, Chattooga, Crawford, Dooly, Houston, Peach, Stephens, Taylor and Walker.  For those desiring to purchase a home in these counties, the real estate qualifications to receiving the Recovery Program funds are that it maybe any home within one of these counties (it does not have to have been personally affected/damaged by the floods) with a purchase price of no more than $250,000.

Places To Love: THE PARK AT TROWBRIDGE

Looking for a  home with the quintessential “man-cave”?  Whether you desire a private movie theater, a spacious rec. room, or a personal fitness center, you will be impressed by the executive homes at the Park at Trowbridge. 

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.

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.

Places To Love: REDDINGTON TOWNHOUSES

If you have been searching for a city-chic townhouse with plenty of space in Metro Atlanta, check out Reddington Townhouses as this prime real estate community may end your search.  Take a virtual tour of one of the homes at Reddington by cicking here.   Situated in the heart of Sandy Springs off Hammond Rd. and Sandy Springs Circle, Reddington will give you an easy commute to I-285, GA 400, I-75 and I-85.  And it is convenient to Marta, dining, shopping, movies and more.

Places To Love: HAMMOND HEIGHTS TOWNHOMES

If you love being in the center of it all, then you will love living in one of Georgia’s lavish brownstones at Hammond Heights.  Located in the heart of Sandy Springs, Hammond Heights townhouses is walking distance from City Walk Shopping Complex (with fashion stores, grocery stores, and eateries), Heritage Green (where fun Concerts by the Springs are held) in historic Sandy Springs, Flying Biscuit, Whole Foods, and many other places you will love.  From Hammond Heights, you can quickly gain access to downtown Atlanta via Marta (Atlanta’s public transportation), GA 400, I-85, I-75, or even just take the streets, like Roswell Rd.  Convenience is what you will experience at Hammond Heights!  This is critical with the extremely congested traffic in Atlanta’s metro area.

Don’t Get SHORTED in a SHORT SALE!

PRE-FORECLOSURES/SHORT SALES, which are when the bank will allow a homeowner to sell a home “short” of the mortgage owed, can be great deals when you are patient and aware of the risks.  However, short-sale properties can be money pits when offers take forever to close and vacant properties are trashed.

Buying Foreclosures: How to Avoid a Money Pit

Foreclosures can be good deals for homebuyers, but with 1.5 million of them on the market, shopping carefully is important to guard against walking into a money pit, where you end up paying more for the home do to repairs or other problems.

Here are some tips for anyone navigating the foreclosure market:

Places To Love: Granville Court Condos

I absolutely love the condos at Sandy Springs’ Granville Court and I believe you will too!  This upscale, gated real estate community is situated perfectly on Barfield, near Johnson Ferry Rd., Abernathy, GA 400, I-285 and just minutes from Perimeter Mall.  Granville Court is also close to MARTA, which means you can get to Buckhead, Alpharetta, etc. in just minutes.

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