Short sale property accepted, approved and under contract!
Thanksgiving is one of my favorite Holidays. I love my family and the way we celebrate. I thought I would share a silly & sentimental toast I wrote:
I hope that today your blessings are many,
the wine flows aplenty,
football is on your television,
and that the cooks need little supervision.
Maybe today you can cuddle up with a good book,
and the conversation isn’t full of political gobbledygook.
I hope that there is lots to be thankful for
your faith in humanity restored..
I hope that on this Thanksgiving day,
your love is near,
your home filled with cheer,
and your heart is twice as full as your belly.
Hey guys I need your help! This is an awesome townhouse with low amenity fees that is convenient to St. Joseph’s/Chandler, Armstrong Atlantic State University, Oglethorpe Mall, Savannah Mall and Hunter Army Airfield. Surely you know someone who might know someone?
66 Hidden Lake Court Features:
Call me to schedule a showing!
Tim, Jenni & I have been on quite the ride. I first met the Carey’s a few years ago when they relocated here from blustery Michigan. I helped them find a home while they settled in. Then last year they decided they were ready to buy again. They chose to build a brand new home, and it is gorgeous!! I have to say there were a few challenges on this transaction but in the end everything was great and some of the nicest people I have ever met got a beautiful home. Cheers guys!
More Benefits & Features include:
Fantastic opportunity in Thunderbolt!! This is a rare find featuring over 1800 square feet three bedrooms, 2 baths, living room-dining room combo, den, florida room/sunporch, new roof and detached garage on a corner lot. Sellers are looking for a quick sale, so bring all offers! List price is $145,000.
Check out this townhouse I just listed! It is a 2 bedroom 2.5 bath with bamboo floors and serene wood view. Convenient to Armstrong, Hunter Army Airfield, hospitals, shopping and highways. Community features a swimming pool and low amenity fees. It’s priced at $75,000 and is a short sale . Don’t worry though…this is a short sale through Res.Net, which means BPOs have been completed, the negotiator is already asigned and seller documents are already on file. Make an offer and we will have a response in less than a week. No waiting around for months on end like other short sales!
Meet Shari & Spencer. They are the proud new homeowners of a fantastic property in a peaceful neighborhood with lush, mature trees. Oh, and guess what else? They are brand new grandparents and welcomed their first granddaughter into the world this week. New house, new grandbaby..I think you could say, best week ever!
I have had countless blessings and want to share the love with my community. If you know anyone thinking of buying or selling, please put me in touch!
Does your REALTOR have their own app? I do and I offer this free to all of my buyers and sellers and their friends and family. Thinking about buying a home? Want to keep up with the sales in your neighborhood? Curious about your neighbor’s home that just came on the market? Have you ever driven by a house for sale and wanted info, but didn’t have the time to stop? Or maybe you’re just the ‘hands-on” type. Whether you are an active buyer, seller, or just curious, this app is super cool and very useful!
Guess what else? You are invited to try it for free. There is absolutely no cost to you, ever. This application is linked directly to the MLS – so no more nightmares from sites like Trulia and Zillow with out-of-date information. It’s like keeping a Realtor in your pocket, information available when you want it, just turn it off when you don’t! Another cool feature is the ability to explore the finance side of real estate through a couple of taps on the screen. Give it a try, you can always delete it– but I guarantee you, you won’t!
7 Douglas Court Bloomingdale GA 31302
More Benefits & Features include:
More Benefits & Features include:
Fabulous new listing for sale in Georgetown with tons of benefits and features:
I can’t express enough how much I love this time of year in Savannah, Georgia! The azaleas are in bloom, the Sandgnats have returned to Grayson Stadium for another season, and there seems to be a perpetual breeze keeping the sun from being overbearing. Everyone is in a good mood, the park is full of runners, readers & dogs, and everyone seems to have the same idea to head downtown, beer in-hand, for a leisurely stroll.
Another highlight of the Spring season for me is the Savannah College of Art & Design’s Sidewalk Arts Festival. This is the 32nd year of this popular event where SCAD alumni, students and prospective students gather in beautiful Forsyth park and are able to design their unique paved square in chalk. Over the past years there have been amazing improvements in technique and imagination. Some artists use the chalk like paint and create gorgeous masterpieces you would covet for the walls of your dream home. Some artists use their space for activism or political perspective, and some take a comedic approach and are just silly.
The festival is an open-air gallery through the park and takes place Saturday, April 27th from 11-5. Admission is free, so grab your dogs, kids, or a beer and take a stroll through the park and enjoy the eye candy and soak up some good energy from our local talent.
Check out last year’s festival at SCAD’s Hong Kong campus here
For additional info for the festivities this year click here
If you live in or are considering a purchase in our beautiful, coastal Georgia area of Savannah and surrounding Islands, chances are that you will be required to have a separate flood insurance policy. Even if you are not required to have one, I definitely recommend that you add it. The determination of flood policy requirement is based on the flood zone your property lies in, detailed in a document known as a Flood Elevation Certificate. Hopefully, your agent or the current homeowner can get or has one available, because otherwise you will have to hire a land surveyor to come out and measure. You can bet that if you live near a marsh, creek, beach or other type of waterway that your lender will require this additional policy. More recently, I have seen lenders require flood policies in Pooler, Effingham and Bryan County.
It is important to realize that your homeowner’s insurance policy does not cover flooding! A separate policy is necessary to cover structural and content damage that occurs from flooding. Here are some things that you should know and review with your Realtor and Insurance Agent:
The bottom line is insurance is serious. If you live somewhere it rains, it could flood. Now is a great time to pull-up with your insurance agent and go over these items and make sure you are protected. Not all insurance agents are created equal, so make sure your agent knows their stuff! If you have questions or need recommendation, feel free to contact me.
*Information for this article was sourced from Jeff Brady Allstate, Realtor.com, Biggert-Waters Act 2012, and Realtor.org
FHA has long been one of the more affordable mortgage products for consumers to entertain when looking to purchase a home. This loan only requires a down payment of 3.5%, which can be in the form of gift funds, and only requires a nominal credit score. Here are the upcoming changes Federal Housing Administration is making to this popular loan program:
If you are on the fence, or entertaining which financing to use, don’t let this happen to you. Secure your FHA financing today before these changes go into effect. Take advantage of the low 3.5% down payment and some of the lowest interest rates in mortgage history, before they rise again.
As a Realtor, I am often asked my opinion on lots of home related matters including remodeling. It’s my general opinion that you won’t get what you put in, but some creature-comforts are priceless. I also tell my sellers and buyers that even though you may not get a dollar-for-dollar return, the upgrades may make your home stand out from competition and be the deciding factor in getting you sold. I decided to do some research to gain insight on remodeling confidence and return on investment figures. Recent industry surveys are pointing to a strong rebound in remodeling and gains from those updates. Another point worth mentioning, job costs are down from 2011-2012 and the gains are higher!
Here are the Top 10 Remodels you can do in the South Atlantic area to get the most bang for your buck:
Estimated Job Cost $1096
Return on Investment at Resale 92.2%
*2011-2012: EJC $1,137, ROI 85.6%
Estimated Job Cost $8,550
Return on Investment 83.4%
*2011-2012: EJC $9,327, ROI 77.3%
Estimated Job Cost $10,374
Return on Investment 79%
*2011-2012: EJC $11,192, ROI 72.9%
Estimated Job Cost $1431
Return on Investment 78.8%
*2011-2012: EJC $1,496, ROI 75.7%
Estimated Job Cost $44,429
Return on Investment 78.8%
*2011-2012: EJC $47,919, ROI 72.9%
Estimated Job Cost (vinyl) $9268
Return on Investment 74.5%
*2011-2012: EJC $9,770, ROI 71.2%
Estimated Job Cost $17,476
Return on Investment 74.5%
*2011-2012: EJC $18,527, ROI 75.4%
Estimated Job Cost $51,044
Return on Investment 71%
*2011-2012: EJC $53,931, ROI 68.9%
Estimated Job Cost $14,389
Return on Investment 70.8%
*2011-2012: EJC $15,084, ROI 67.5%
Estimated Job Cost $14,612
Return on Investment 69.8%
*2011-2012: EJC $15,782, ROI 65.2%
It’s really no surprise to see that in the South we love our kitchens, bathrooms and outdoor spaces. First impressions like front door and windows are important too. These estimates are for mid-price range homes in the South East. Personally, I feel like some of these quotes are on the high-end and I guarantee my well certified contractors can beat these prices. If you are considering any remodeling project, it would be pleasure to put you in touch with my A-Team contractors. If you are a buyer considering FHA 203K financing, Homepath renovation financing or any other construction loan, I can help you find a great home and match you up with the appropriate lender.
*Figures available for higher-end properties as well. All information I used in this article was compiled from Remodeling Magazine.
Don’t rouse the IRS or pay more taxes than necessary — know the score on each home tax deduction and credit.
Sin #1: Deducting the wrong year for property taxes
You take a tax deduction for property taxes in the year you (or the holder of your escrow account) actually paid them. Some taxing authorities work a year behind — that is, you’re not billed for 2013 property taxes until 2014. But that’s irrelevant to the feds.
Enter on your federal forms whatever amount you actually paid in 2013, no matter what the date is on your tax bill. Dave Hampton, CPA, tax manager at the Cincinnati accounting firm of Burke & Schindler, has seen home owners confuse payments for different years and claim the incorrect amount.
Sin #2: Confusing escrow amount for actual taxes paid
If your lender escrows funds to pay your property taxes, don’t just deduct the amount escrowed, says Bob Meighan, CPA and vice president at TurboTax in San Diego. The regular amount you pay into your escrow account each month to cover property taxes is probably a little more or a little less than your property tax bill. Your lender will adjust the amount every year or so to realign the two.
For example, your tax bill might be $1,200, but your lender may have collected $1,100 or $1,300 in escrow over the year. Deduct only $1,200. Your lender will send you an official statement listing the actual taxes paid. Use that. Don’t just add up 12 months of escrow property tax payments.
Sin #3: Deducting points paid to refinance
Deduct points you paid your lender to secure your mortgage in full for the year you bought your home. However, when you refinance, says Meighan, you must deduct points over the life of your new loan. If you paid $2,000 in points to refinance into a 15-year mortgage, your tax deduction is $133 per year.
Sin #4: Misjudging the home office tax deduction
This deduction may not be as good as it seems. It’s complicated, often doesn’t amount to much of a deduction, has to be recaptured if you turn a profit when you sell your home, and can pique the IRS’s interest in your return. Hampton’s advice: Claim it only if it’s worth those drawbacks. If so, here’s what to know about what you can write off.
Sin #5: Failing to repay the first-time home buyer tax credit
If you used the original home buyer tax credit in 2008, you must repay 1/15th of the credit over 15 years. If you used the tax credit in 2009, 2010, or 2011 and then sold your house or stopped using it as your primary residence, within 36 months of the purchase date, you also have to pay back the credit.
The IRS has a tool you can use to help figure out what you owe.
Sin #6: Failing to track home-related expenses
If the IRS comes a-knockin’, don’t be scrambling to compile your records. Many people forget to track home office and home maintenance and repair expenses, says Meighan. File away documents as you go. For example, save each manufacturer’s certification statement for energy tax credits and lender or government statements to confirm property taxes paid.
Sin #7: Forgetting to keep track of capital gains
If you sold your main home last year, don’t forget to pay capital gains taxes on any profit. You can exclude $250,000 (or $500,000 if you’re a married couple) of any profits from taxes. So if you bought a home for $100,000 and sold it for $400,000, your capital gains are $300,000. If you’re single, you owe taxes on $50,000 of gains. However, there are minimum time limits for holding property to take advantage of the exclusions, and other details. Consult IRS Publication 523.
Sin #8: Filing incorrectly for energy tax credits
If you made any eligible improvements in 2012 — or will in 2013 — such as installing energy-efficient windows and doors, you may be able to take a 10% tax credit (up to $500). But keep in mind, it’s a lifetime credit. If you claimed the credit in any recent years, you’re done. Fill out Form 5695.
Part II of the form, which covers systems eligible for a larger tax credit through 2016, such as geothermal heat pumps, can be incredibly complex and involves crosschecking with half a dozen other IRS forms. Read the instructions carefully.
Sin #9: Claiming too much for the mortgage interest tax deduction
You can deduct mortgage interest only up to $1 million of mortgage debt, says Meighan. If you have $1.2 million in mortgage debt, for example, deduct only the mortgage interest attributable to the first $1 million.
*This article provides general information about tax laws and consequences, but shouldn’t be relied upon as tax or legal advice applicable to particular transactions or circumstances. Consult a tax professional for such advice.
It’s official. Erin has officially earned her SRS – Seller Representative Specialist designation. This designation is the premiere seller agency designation, conferred by the SRS Council, recognizing real estate professionals who have completed special education in seller representation. Translation: bring on the listing referrals!
Erin Rowley-Stoner was recognized today as a recipient for the Distinguished Sales Society award at the annual Savannah Board of Realtors Award Ceremony.
The REALTORS® Distinguished Sales Society Club is to honor REALTORS® demonstrating the commitment and dedication to rise to the top of their profession. Real Estate is more than just showing beautiful homes. Distinguished Sales Society members show their exceptional skills in listening, negotiating, organization, attention to details, understanding legal and financial issues, and all routinely juggled under the stress of moving and change. Real Estate is typically a summary of life experiences: of education, previous careers transition, and dedication to truly serving people. It requires working days, nights, and especially weekends and is unique in that all the work is done, all the negotiations settled, all concerns met, and all the papers signed, long before the Realtor® is compensated. Commitment to service and success are the standards…..and it shows! Each REALTOR® in this Club has sold over one million dollars or more during any calendar year in Real Estate and has volunteered their time to their local board association.
And on a personal note, my infinite gratitude goes out to each and every customer and client that has helped me grow my business over the years. Thank you for the opportunity, thank you for your trust, thank you for referrals!
Congratulations to Peggy Drummond for the purchase of her beautiful new home on Wilmington Island. Her home features fabulous hardwood floors, an upgraded owner’s en suite bathroom with jacuzzi tub and gorgeous tile work,all in a perfect tranquil community. She bought this property out of foreclosure and even has some equity going in. Peggy is pictured here with her amazing mortgage lender, Viktor Sasser of Starkey Mortgage. I am so grateful for the opportunity to work with Peggy, and it was a pleasure working with Vik as well.
New listing in the Black Creek Community. 5 bedrooms, 3 baths, converted garage for flex space (garage door still on so changing back would be a snap!), large privacy fenced back yard, fire pit, quiet neighborhood in a natural setting. Minuted to I-16, and I-95. Qualifies for USDA 100% financing. Seller may consider a lease. Contact me with questions!
So you’re thinking about selling? Here are some tips to help you to get top dollar and a fast sale
If you or anyone you know is considering a move, please put them in touch with me– I am a Relocation Specialist. I am an Accredited Buyer Representative and a Seller Representative Specialist. Also worth noting here is that 1 out of 7 mortgages is not current. If you or anyone you know is struggling to make their payments, please put me in touch with them. I can help! I am a Certified Distressed Property Expert and Certified Loss Mitigator.