Archive for November, 2012

Take Advantage of a Hot Housing Market!

November 26, 2012

It’s hard to believe that just four years ago there were more than 100,000 listings in Metro Atlanta.  Now there are fewer than 40,000. What does this mean to the ever-changing housing market? Just remember your basic laws of economics of supply and demand.

From our perch here in relocation, we’re seeing a definite surge in demand for homes throughout our market area. The low inventory has become a problem for transferees moving into the Atlanta market because they might find a home they like, but there’s already an offer on it.  (more…)

10 Great Ways to a Stress-Free Thanksgiving

November 19, 2012

Every year, I’m busy hosting a Thanksgiving dinner for my friends and family. Although it may seem like a challenge, I’ve gathered a ton of good advice over the years for keeping the experience as stress-free as possible.

Here are my favorite tips that I’ve gathered:

  1. Create a plan. Sit down and make a guest list. Plan the meal around the number of guests you invite. The secret to a simple meal is planning ahead so everything doesn’t seem to demand your attention at once. (more…)

Homeowners with Foreclosures and Short Sales Could See a Tax Increase in 50 Days!

November 12, 2012

If the Debt Relief Act of 2007 is not extended, 2013 could be a very Unhappy New Year for homeowners who have foreclosures and short sales!

New headlines are warning of a financial cliff that is approaching with the end of 2012, and the real estate industry will be hit particularly hard! It’s the expiration of the Mortgage Forgiveness Debt Relief Act of 2007.

The Mortgage Forgiveness Debt Relief Act of 2007 was enacted on Dec. 20, 2007. The Act protected homeowners from paying income taxes on the deficiency difference between what they sell their home for and what they owe. Whether the home is sold in a short sale or foreclosed upon by their lender, these distressed homeowners have been protected by the Debt Relief Act of 2007, which is set to expire on Dec. 31, 2012 unless Congress acts… quickly! (more…)