What is your remodel worth?

View the annual report on the relationship between remodeling costs and resale value. You can compare national and regional averages for 33 popular remodeling projects and you can also download a PDF with project data for any one of 80 U.S. cities.

In Atlanta, it looks like replacing your garage door and adding an attic bedroom are the two renovations that are more valuable this year than last.  Find the local data here:

2011-12 Cost vs. Value Atlanta Report

Price it right, Don’t Negotiate!

sales over list price2 Price it right, Dont Negotiate!

1,272 properties sold at 100%, or more, of their Original Listing price

Correctly pricing with the current market can result in multiple offers and sales at prices above the original listing price. In 4Q 2011, 14.5% of sales were at selling prices at or higher than the original listing price (That’s 1272 homes selling for 100% or more of list price!)

Carrie Qualters

IMG 0022BW3 240x300 Carrie Qualters
A 20-year resident of the Atlanta area, I attended  Milton High School in Alpharetta and obtained a BS in Mechanical Engineering from the Georgia Institute of Technology (where I also met my wonderful, funny, supportive husband). I worked for several years for a local engineering firm where I designed building mechanical systems and jet fuel distribution systems. I was honored to receive a professional engineering (PE) license, a feat that requires four years of post-degree apprenticeship and a grueling eight-hour test. I was also licensed as an American Petroleum Institute (API) pipeline inspector. Working as an engineer, I learned customer service, project management and teamwork skills that are used in each real estate project I take on for my clients. I also had wonderful opportunities to travel to construction sites and military bases all over the world! I left full time engineering to pursue new challenges in the real estate industry, where each project has pushed me to be as Smart and Creative as possible. The challenges of real estate transactions, the Fun & friendship I have shared with my clients and the business I have built in real estate have made it a career worth having and a life worth living. This enthusiasm for my business and the good life are contagious and I hope to share it with you!

 

Homestead Exemptions…

 

Basic Requirements for Homestead Exemption:

  • You must be a legal resident of the county.
  • You must own and occupy the home as of January 1 of the year the homestead exemption is sought.

Deadline for Filing Homestead Exemption:

  • In most counties, the application must be filed by March 1 of the year the exemption is sought, but some counties have a later deadline.
  • In Fulton, DeKalb, Cobb and Gwinnett County the deadline is April 1st.

How Long will the Homestead Exemption Last?

  • The Homestead exemption will remain on the property until there is a change in ownership.

What is the Homestead Exemption Amount?

  • These amounts are a reduction in what the amount that the taxed is based on.

As of January, 2012:

 

Fulton County:

DeKalb County:

  • Depends on whether a property tax assessment freeze has been applied for.
  • More Information

Gwinnett County:

  • $10,000 for the County taxes
  • $4,000 off of the school
  • $7,000.00 off recreation
  • $2,000 off of the state.
  • More Information

Cobb County:

  • $10,000

How does this affect my bill?

Example 2011 Cobb County Property Tax amounts:
  • Market Value: $100,000.00
  • Taxable Value (40% of Market Value): 40,000.00
  • Less Exemptions (assuming $10,000) 10,000.00
  • $50,000.00: Multiply by Millage Rate 0.03026. Property Tax $1,513.00
  • Without Homestead Exemption the county property taxes would be $1,815.60.

Did You Know?
If your seller received a homebuyer’s credit for the purchase of a home that is being sold within 3 years, the Federal Government may be entitled to a reimbursement for that credit. If you are working with a seller that received a credit, be sure to review the information available at the following two IRS websites or speak to an accountant to confirm the tax liability in this case.

 

Form 5405: First-Time Homebuyer Credit and Repayment of the Credit

 

First-Time Homebuyer Credit Questions and Answers: Homes Purchased in 2009 or 2010

Staging Your Home to Create the Buying Mood

blog 1 Staging Your Home to Create the Buying MoodHome staging is about illusions and making buyers feel welcome. It goes beyond decorating and cleaning. It’s about perfecting the art of creating moods. Staging makes your house look bigger, brighter, cleaner, warmer, more loving and, best of all, it makes home buyers want to buy it.

Staging is what you do after you’ve cleaned, decluttered, painted, made minor repairs; it’s all about dressing the house for sale.

It’s about adding the small details to make people feel like they could see themselves living there.

We highly recommend a professional staging company that specializes in creating that perfect mood. http://www.classichomepresentation.com/index.html

[Insert Broker Name] is an Equal Opportunity Employer and supports the Fair Housing Act.