March 15, 2011 by Greg Saunders
Greetings folks, awhile back I wrote a blog that featured John Paulson and his rationale for taking the plunge back into the housing market. Paulson cites inflation as the precipitator for his logic. Well to be honest, most thought he was delusional. But there may be more to this chaotic thinking than we had anticipated. However, I can assure you of one thing….inflation is not the only reason to risk heading back into housing market. Let’s examine this concept further.
January 12, 2011 by Greg Saunders
Happy New Year everyone!!! Wow, what a year 2010 turned out to be! Yeah with a lagging and slow recovering economy the passing of 2010 for some people was a cheerful sight. But for others, it proved to be a year full of promise and unlimited potential.
June 16, 2010 by Greg Saunders
Hey Fayette County…a very important deadline is approaching quickly! Property Assessment notices were sent out on or about May 3rd to all property owners in Fayette county by the Fayette County Board of Assessors. It is their job to provide the fair and uniform appraisal of your property for the specific purpose of determining your proportionate share of taxes.
May 17, 2010 by Greg Saunders
Okay Peachtree City, I apologize because it has been a minute since I’ve posted an article. But honestly I have been swamped with assisting first time home buyers get their deals closed by the deadline which was April 30th. After I finally got a chance to take a breather I had to stop and think about what would happen now that the tax credit is gone. Did this initiative help stabilize our fragile economy or was it all just a waste of taxpayers monies to the tune of approximately $35 billion?
First-Time Homebuyer Credit Extension for Members of the Military & Certain Other Federal Employees!
April 29, 2010 by Greg Saunders
Hey Peachtree City……The Worker, Homeownership and Business Assistance Act of 2009, which was signed into law on Nov. 6, 2009, is about to sunset on April 30th. To take advantage of the tax credit of up to $8,000 you must be under contract by April 30, 2010 and close by June 30, 2010.
However, what you may not have know is that there were different guidelines for member of the military and certain other federal employees:
April 1, 2010 by Greg Saunders
Okay, I’ve heard all the excuses why folks have not sent their in yet. If you have a legitimate one, I’d like to add it to the list and make your voice heard. However, just so you know….this information is mandated by law. Additionally, the law required that all census data be returned by April 1st. By the way, that why they have that question there about how many people will reside at your particular address as of April 1st.
March 25, 2010 by Greg Saunders
As of January 1 of every year, it is the responsibility of the Fayette County Board of Assessors to fairly and uniformly establish a value of “real” and “personal” property throughout the entire County, at what is known as “fair market value” — the value one would be able to sell the property for. This appraisal process ensures that all property owners pay only their proportionate share of tax. In May of each year, the Office of the Assessors mails a “Notice of Value” to all taxpayers whose value has increased from the previous year. This document is commonly known as an “Assessment Notice”. If the notice a taxpayer receives declares a value for property that is higher than the taxpayer believes is valid, the taxpayer can file a written appeal of that value within 45 days of the date of the Assessment notice from the County. Georgia law sets out a specific process that occurs whenever a taxpayer files an appeal.
March 10, 2010 by Greg Saunders
Hey Peachtree City…..facing a projected shortfall of $757,128 for fiscal year 2010-2011 and a projected $621,674 shortfall in the current year’s budget…..Peachtree City Council is looking at making some tough decisions. Officials are not only contemplating using reserve funds but also projecting tax increases. City staffers are projecting a .269 mill property tax hike for fiscal year 2010-2011 which begins on October 1st. This increase would be equivalent to a $26.90 property tax increase for homes with a fair market value of $250,000.
January 30, 2010 by Greg Saunders
Hey Peachtree City! After listening to the President’s State of the Union address, I sat down and pondered about the actual state of the nation’s housing situation….or at least how I saw things from my porch. Come on folks, is it just me or are there a number of other like-minded individuals that are of the opinion now that if Washington sneezes we are all going to catch a cold? Alright, at least a sniffle. I just did not seem to hear anything specifically related to doing something substantial that would give the housing & mortgage industries some much needed traction.
January 18, 2010 by Greg Saunders
Hey Peachtree City….welcome to 2010! Sounds kinda funny saying 2010 but anyway there are some major changes already on the horizon and I thought I’d continue to feature them on my blog. Some of these changes have been the result of a downturn in our economy and their direct correlation to its impact on the real estate market. This tax year will be pivital in efforts to jump-start the economy with various initiative that were put in place for taxpayers like the 1st time home-buyers program or more sophisticated ones like the Workers, Homeownership, and Business Assistance Act of 2009.