4 Reasons To Buy an Atlanta Area Home before October 1st, 2008!
Posted: August 16th, 2008
Category: Atlanta Real Estate, Marietta Real Estate, Roswell Real Estate, Woodstock Real Estate, real estate news, tips, tools & tech
4 Reasons to Buy a Home before October 1st, 2008!
$7500 First Time Home Buyer Tax Credit
Atlanta First Time home buyers can receive a $7500 credit on their 2008 returns for purchasing a home between April 2008 and July 2009. So, in addition to your itemized deductions you will receive for being a homeowner, there is another $7500 to reduce your income just by purchasing a home.
Sunset Date for Nehemiah Down payment Assistance is September 30, 2008.
The Nehemiah Downpayment Assistance program is one of the few ways to have a seller pay for part of your down payment. Sellers have always had the ability to pay closing costs. However, the ability to actually make part of the down payment has been a questionable practice where many of these amounts were paid after closing or POC (Paid Outside of closing). At any rate, this program ends on Sept 30, 2008 so if you need help with a down payment you should get moving.
Call me if you have any questions!
FHA Free-Money
The FHA has set up a 5 to 1 matching down payment grant up to a total amount of $10,000. This program is based on family income level and is reflective of the county that you live. However, if you want to purchase a home, this may be the best way to get FREE MONEY. Government Grants!
Change in FHA Down payment Requirement
Though most of us are not familiar with FHA loans, today (post mortgage meltdown) these loans tend to be the most available mortgages. The US government has raised the lending limits of all government sponsored mortgages which makes the FHA very useful for home purchases of $200,000 to $400,000. However, most FHA’s in the past required a 3% down payment. Though you now know that sellers can pay this for you or even the government, the rate will now change from 3% to 3.5% for all loans after October 1, 2008.
If you have questions about these programs as they relate to Atlanta Real Estate you can call or e-mail me. Even though I do specialize in commercial, I do locate and represent residential properties.
Just ask!
My mortgage broker, and friend, is one of the most knowledgeable originators in the country and so any questions you may have will answered ASAP! According to the FHA, a “First Time Homebuyer” is anyone who has never owned a home, or has not owned a home in 3 years.
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Roswell Real Estate
Posted: February 22nd, 2008
Category: Roswell Real Estate
Homes For Sale in Roswell GA
Location About Roswell In 1839, Roswell King incorporated The Roswell Manufacturing Company. This cotton mill became extremely successful and continued to grow. Mr. King soon began to present investment opportunities to his colleagues and shortly thereafter a community was founded. Roswell King’s wife, passed away before she could relocate from Darien, Georgia. She never had the opportunity to visit the town that was named after her husband. In the past 15 years Roswell has developed into a thriving city of approximately 84,000. Roswell residents boast that with this growth they have managed to hold onto the small-town atmosphere where a strong sense of family and community still dominates. Roswell Annual Events Festivals: Roswell Weather Links
About Roswell GA Real Estate
From downtown, Roswell is located approximately 20 miles north (on the northern banks of the Chattahoochee River) just on the outskirts of Atlanta.
Gold was discovered in the northern part of Georgia in 1828 which created a flux of settlers to relocate to the area including Roswell King of Darien, Georgia. Traveling via horseback, Mr. King proceeded along the Chattahoochee River and soon discovered vast natural resources that he believed would be perfect for a mill.
Sites you will want to experience:
Chattahoochee River & Trail System -Includes 16 miles of glorious trails which wind throughout the city.
Bulloch Hall - This mansion was built in 1840 by one of the first settlers in Roswell- Mayor James Stephens Bulloch. On December 22, 1853 Mr. Bulloch’s daughter, Mittie, married Theodore Roosevelt. They soon became the proud parents of our 26th president of the United States- Theodore Roosevelt, Jr.
Barrington Hall - This historic house museum was the home of Barrington King- Roswell King’s (whom the city was named after) son.
Smith Plantation Home - Located in Historic Roswell this 1840’s home still includes the original inside furnishings and outbuildings.
Roswell Roots - This festival of black history and culture takes place in February.
Roswell Criterium Bike Race - A professional bicycle race in Roswell’s Historic District takes place in May.
Colors Festival of Arts - A great opportunity for artists and craftsmen takes place in May.
Memorial Day Ceremony - Always held on Memorial Day in the Memorial Garden of Roswell City Hall at the Faces of War Memorial Site.
The Roswell Magnolia Storytelling Festival - Storytellers and interpreters all throughout the Southeast assemble in Roswell, to share stories passed from one generation to the next. Takes place in June.
Roswell’s 4th of July Fireworks Extravaganza - Celebrate the 4th at Roswell High School. Enjoy the fireworks and musical entertainment- fun for all ages!
The Roswell Arts Festival - Is open to all artists and is held on the town square. Takes place in September.
The Roswell Woman - A health, beauty and lifestyle expo. Takes place in October.
A Taste of Roswell - Enjoy the culinary talents of many Roswell Restaurants. Takes place in October.
Roswell Heritage Music Festival -Features Bluegrass and Old Time Bands. Takes place in October.
Christmas In Roswell - Experience the holiday season in Historic Roswell. Many of the historic homes will be seasonally adorned and open for tours to the general public. Take the opportunity to partake in a High Tea ceremony or enjoy the winter lighting of Town Square.
Annual precipitation 51.82″
High temp in July 87
Low temp in Jan 29
City of Roswell
Fulton County
Fulton County Schools
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