Tag Archives: Real Estate

What is Homestead Exemption ?

7 Feb

Hello to all of you homeowners out there! Don’t forget it’s time to file homestead exemption if you have not already.

The Georgia Department of Revenue  specifies that generally, a homeowner is entitled to a homestead exemption on their home and land underneath provided the home was owned by the homeowner and was their legal residence as of January 1 of the taxable year. (O.C.G.A. § 48-5-40)

To be granted a homestead exemption, a person must actually occupy the home, and the home is considered their legal residence for all purposes.  Persons that are away from their home because of health reasons will not be denied homestead exemption.  A family member or friend can notify the tax receiver or tax commissioner and the homestead exemption will be granted. (O.C.G.A. § 48-5-40)

Application for homestead exemption must be filed with the tax commissioner’s office, or in some counties the tax assessor’s office has been delegated to receive applications for homestead exemption. Here in Chatham County, you can just go down to the Courthouse on Montgomery Street. You should take identification with you as well as a utility bill with your name on it.

A homeowner can file an application for homestead exemption for their home and land any time during the calendar year. To receive the homestead exemption for the current tax year, the homeowner must have owned the property on January 1 and filed the homestead application by the same date property tax returns are due in the county. Property tax returns are required to be filed by April 1. Homestead applications that are filed after this date will not be granted until the next calendar year. (O.C.G.A. § 48-5-45)

The Standard exemption for the home of each resident of Georgia that is actually occupied and used as the primary residence by the owner may be granted a $2,000 exemption from state, county and school taxes except for school taxes levied by municipalities and except to pay interest on and to retire bonded indebtedness. The $2,000 is deducted from the 40% assessed value of the homestead. The owner of a dwelling house of a farm that is granted a homestead exemption may also claim a homestead exemption in participation with the program of rural housing under contract with the local housing authority.

If you are 65 or older, disabled, or a service member you may be eligible for a greater exemption.

So save yourself some money and file!

Bonus Time

17 Sep

I have had some serious reductions on my listings this week! Over $89,000!

100 Stephens Drive ( a beautiful brick, 4 bedroom/3 bath with bonus home theater) was $335,000 is NOW $299,900.

81 Cooper’s Lane (an elegant combination brick with 4 bedrooms/3 baths + over sized bonus) was $260,000 Now $240,000!

11409 Colleen Drive ( a mid century modern brick ranch w 3 or 4 bedrooms) was $157,100 is NOW $149,000.

275 Barrister Circle ( a sweet low country home on 1/2 acre 4/2.5) started at $149,000 and is NOW $144,000.

1834 Hale Street (a renovated  Gordonston area bungalow) was $161,000 and is now $130,000!

bonuses

So, for anyone who brings me a contract on any of my listings from today through October 31 (Realtor or not)… I will give you your choice of :

1. A dinner for two at the restaurant of your choice ( Ruth’s Chris, Local 11Ten, Garibaldi, etc)

2. A couple’s massage at Vanilla Day Spa (or comparable service of your choosing)

3. An American Express Gift Card

My seller’s are all very serious and anxious to sell. Help me help them!

Email me or Call anytime!

Short Sale 101

30 Aug

house short saleWhat exactly is a short sale in real estate?

A short sale occurs when the seller owes more on the property than it is worth, does not have the means to pay the difference, and the bank agrees to accept LESS than a full payoff for the amount owed. In such cases, the seller must demonstrate a genuine financial hardship.

Banks lose LESS money on short sales than they lose on foreclosures. Therefore, they have a logical reason to accept a short sale, especially if the sale price is close to the current market value of the property, and it appears that a foreclosure may be likely. The amount owed is not the determining factor. What is important? The fact that the property is worth less than what is owed, and that the seller has a GENUINE FINANCIAL HARDSHIP. These are the two qualifications that are necessary. The fact that the property is worth less than what is owed does not automatically qualify the owner for a short sale by itself.

DO YOU QUALIFY?

Some financial hardship examples include: loss of job, business failure, damage to the property, death of a spouse, death of family members, severe illness, inheritance (when the property is inherited with a mortgage the heirs cannot pay), divorce, mandatory job relocation, medical bills, military service, payment increase, insurance or tax increase, reduced income, separation, too much debt, incarceration.

Sellers do not have to pay the Realtor’s commission or closing costs in a short sale. These funds come from the sale of the property, and this is made possible by the fact that the lender is taking less than what is owed.

Sellers are NOT ALLOWED to receive any funds from the sale of the property. After all, the lender is agreeing to take less than what is owed by the borrower. This often amounts to losses of 100’s of thousands of dollars on a single mortgage. Weigh the cost of the seller renting a moving truck against the repayment of the mortgage balance and it will quickly become evident who is benefiting the most from a successful short sale – the seller!

If you are considering a short sale as a seller or buyer, please contact me so that we can discuss your unique situation.

912.224.0460

124 Willow Drive

13 Aug

Erin Rowley | Coldwell Banker Platinum Partners | 912 224 0460
124 Willow Dr., Guyton, GA
Picture Perfect
3BR/2BA Single Family House
offered at $124,000
Year Built 2006
Sq Footage 1,248
Bedrooms 3
Bathrooms 2 full, 0 partial
Floors 1
Parking Unspecified
Lot Size 9,000 sqft
HOA/Maint $0 per month

DESCRIPTION

Priced less than what seller’s paid and below tax assessor’s appraised value!

Sweet starter home, 3 bedrooms 2 baths, just 10 minutes from I-95. Neutral paint. Clean as a button! Large Privacy fenced backyard is perfect for a green thumb, dog lover, or anyone who is looking for a killer backyard. Located in a very desirable school system. Turn Key. May consider leasing/renting.

Here is the ESTIMATED cost to live here:

If you have NO MONEY to put down

and paid full asking price, $124,000 with an interest rate of 5.5%

for 360 months (standard)

Your monthly Premium and Interest would be about $704/ month

Add Taxes ($100/month)
and Insurance a($50/mo)

your payment should be less than $900/month!

Directions:

Take Hwy 21 N ( either from Garden City, or from exit 109 off I-95)
Take a LEFT onto Hwy 30 West.
Continue straight about 2 miles.
Take a RIGHT at EL Cheapo (Hodgeville Rd.)

Straight until road ends, LEFT onto BLUEJAY.
Immediate RIGHT onto HORSEPEN.

LEFT into TIMBERLAKE subdivision, which is Willow dr.

#124 on right hand side.

Shown by appointment ANYTIME!

Direct (912) 224.0460
Office (912) 352.1222

https://savvyinsavannah.wordpress.com

see additional photos below
PROPERTY FEATURES

– Central A/C – Central heat – High/Vaulted ceiling
– Walk-in closet – Tile floor – Living room
– Dining room – Dishwasher – Refrigerator
– Stove/Oven – Microwave – Attic
– Washer – Dryer – Yard

COMMUNITY FEATURES

– Lake


ADDITIONAL PHOTOS


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Contact info:
Erin Rowley
Coldwell Banker Platinum Partners
912 224 0460
For sale by agent/broker

powered by postlets Equal Opportunity Housing
Posted: Oct 1, 2009, 1:42pm PDT

100 Stephens Drive

13 Aug

Erin Rowley | Coldwell Banker Platinum Partners | 912 224 0460
100 Stephens Dr., Rincon, GA
Was $335,000…. Reduced to $299,900

Watch your favorite football team in style! Dedicated Home Theater with 7.1 surround, projection screen, proje

4BR/3BA Single Family House
offered at $299,900
Year Built 2001
Sq Footage 2,400
Bedrooms 4
Bathrooms 3 full, 0 partial
Floors 2
Parking 2 Car garage
Lot Size .50 acres
HOA/Maint $0 per month

DESCRIPTION

This amazing home sits on a beautifully landscaped and well established lot. Space is well appointed in this all brick beauty and boasts stunning hardwood floors and open floor plan. Three bedrooms down, including the master suite, as well as two full bathrooms. Both baths on first floor offer double vanities and separate toilet rooms. The master bath has separate vanity areas and walk in closet off bathroom. The other 2 bedrooms can be isolated from common areas by a separate, doored hallway. Kitchen has updated, matching appliances which will include refrigerator, separate ice machine, dishwasher, oven/stove with hood, and microwave. Kitchen also features double sink that is extra deep. Counter-top seats 7 bar stools, with additional bay window breakfast nook. Off kitchen is laundry facility which also has garden style sink. Screen porch is accessed here. On the back side of the house is nearly full length deck that is accessed through the living room/kitchen.
Above the 2 car garage is an enormous bonus room, with hardwood floors. This room is perfect for a 4th bedroom, mother-in-law suite (yes! there is a full bath), exercise room, office, or as it is used now, as a billiard room. The beautiful pool table will also convey with the property.

Last but certainly not least is a true home theater. Partial attic conversion, continues hardwoods, central heat and air. Movie theater was insulated completely with R-30 insulation, plus 2 more layers! State of the art system includes 7.1 Dennon Surround Sound, BLURAY Disc player, as well as DVD, Flat screen TV, 110′ projection screen and projector. Watch cable or a movie, everything is remote controlled, temperature, T.V., projector & screen, sound, and lights. No movie theater is complete without proper seating! Seating for seven in very nice leather chairs and foot rests, with room behind for more seating. You really MUST see this!

Football season is coming up. Watch all the games in your new home theater!

For an appointment to see:

Direct (912) 224.0460
Office (912) 352.1222
http://www.savvyinsavannah.com

Directions:

Take HWY 21 North from Garden City.
Go through Port Wentworth towards Rincon.
Take LEFT on Goshen Road at the traffic light.
Take RIGHT onto Stephens Drive. 2nd house on right.

https://savvyinsavannah.wordpress.com

see additional photos below
PROPERTY FEATURES

– Central A/C – Central heat – High/Vaulted ceiling
– Walk-in closet – Hardwood floor – Tile floor
– Living room – Bonus/Rec room – Breakfast nook
– Dishwasher – Refrigerator – Stove/Oven
– Microwave – Attic – Washer
– Dryer – Laundry area – inside – Balcony, Deck, or Patio
– Yard

OTHER SPECIAL FEATURES

– True Home Theatre
ADDITIONAL PHOTOS


Photo 1

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Contact info:
Erin Rowley
Coldwell Banker Platinum Partners
912 224 0460
For sale by agent/broker

powered by postlets Equal Opportunity Housing
Posted: Sep 16, 2009, 6:25pm PDT

81 Cooper’s Lane — Sold !!

13 Aug

Erin Rowley | Coldwell Banker Platinum Partners | erin.rowley@coldwellbanker.com | 912 224 0460
81 Cooper’s Lane, Pooler, GA
REDUCED by $30,000! Beautiful home with warm, classic details…
5BR/3BA Single Family House
offered at $230,000
Year Built 2007
Sq Footage 2,772
Bedrooms 5
Bathrooms 3 full, 0 partial
Floors 2
Parking 2 Car garage
Lot Size Unspecified
HOA/Maint $67 per month
DESCRIPTION

This home is the popular “Franklin” floor plan. It features stunning hardwood floors, exquisite crown molding, high ceilings, and trey ceilings.

The kitchen is full of upgrades! Huge lovely cabinets, granite, smooth top range, glossy black appliances, and 6 person bar. Separate dining room as well as breakfast area.

Heated/cooled sun room just off the back of the home. It opens to a wonderful patio.

There is a full bath and bedroom downstairs, that can accommodate family members/guests who can’t do stairs. Bright & Airy throughout.

Upstairs are 2 more bedrooms, master bedroom, and HUGE bonus room, which functions now as a 5th bedroom.

Master suite upstairs features trey ceilings. Bath has dual vanities, separate garden tub and walk in shower. Walk in closet through bath.

Home sits on a great corner lot that overlooks the silo at The Farm. Great home with combination brick construction.

65 acre lake on property, as well as swimming pools, playground, fitness center and club house. Hargray has taken over recently, and Telephone/internet included in HOA dues.

No sign on property per CC&R’s. This price is subject to a short sale.

Call for an appointment to view.
Erin Rowley
Direct: (912) 224.0460
Office: (912) 352-1222
http://www.savvyinsavannah.com

Directions:

Take I-95 to Jimmy Deloach.
Take Jimmy Deloach down past Benton Blvd.

The Farm at Morgan Lakes is on your right hand side. The entry was is decorated with flags…pretty hard to miss.

81 Cooper’s Lane is the big house on the corner at your first right. You can see the Silo from the home.

https://savvyinsavannah.wordpress.com

see additional photos below
PROPERTY FEATURES

– Central A/C – Central heat – High/Vaulted ceiling
– Walk-in closet – Hardwood floor – Tile floor
– Family room – Living room – Bonus/Rec room
– Dining room – Breakfast nook – Dishwasher
– Refrigerator – Stove/Oven – Microwave
– Granite countertop – Attic – Laundry area – inside
– Balcony, Deck, or Patio – Yard
COMMUNITY FEATURES

– Business center – Clubhouse – Fitness center
– Swimming pool(s) – Lake – Playground
ADDITIONAL PHOTOS


Photo 1

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Photo 3

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Photo 5
Contact info:
Erin Rowley
Coldwell Banker Platinum Partners
912 224 0460
For sale by agent/broker
powered by postlets Equal Opportunity Housing
Posted: Feb 9, 2010, 4:33pm PST