tag:blogger.com,1999:blog-37407961163702609832024-03-05T00:22:46.260-05:00Front Porch Dream"Making Dreams Come True, One Home At A Time"Katy Foltzhttp://www.blogger.com/profile/07073986015144068938noreply@blogger.comBlogger46125tag:blogger.com,1999:blog-3740796116370260983.post-72145173490652649742013-02-06T19:29:00.001-05:002013-02-06T19:29:56.328-05:00Astonishing drop in homes on Atlanta housing market<a href="http://www.wsbtv.com/videos/news/astonishing-drop-in-homes-on-atlanta-housing/vpyjm/">Astonishing drop in homes on Atlanta housing market</a>Katy Foltzhttp://www.blogger.com/profile/07073986015144068938noreply@blogger.com0tag:blogger.com,1999:blog-3740796116370260983.post-51931378985753390832013-01-21T15:27:00.001-05:002013-01-21T15:27:51.293-05:00Why is your home not on the market RIGHT NOW?Attention all possible Home Sellers:
Now is the time to have your home on the market. Inventory is down in Atlanta almost 40%! That is huge. Buyer's are having trouble finding homes. The homes they do find, are under contract in the first few days of the home being on the market in most areas( Price and condition are obvious factors).
With 2012 being an election year, many of the government backed foreclosures were held off the market. Also, many banks are starting to also lease out the homes in order to help the prices go up.
Contact me today to set up a FREE consultation! I am ready to get your home SOLD!
Katy Foltz Gillis
REALTOR, ABR
"SELL" Phone: 678 860 2220
kfoltz@kw.com
www.FrontPorchDream.com<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgjB8RadeODKFKin_hutLrlLXD3Dpu_yRSVbVPa4gzUNb-s2cat7vooHScybcFNZVIuNjMp7A9c7RsuQzoDUNjWaWU27kPvcEJ28GNDo_iLE7xFE1LfkhrozjpD_IgSoFq9XQYqNd3c9yE/s1600/1.jpg" imageanchor="1" style="clear:left; float:left;margin-right:1em; margin-bottom:1em"><img border="0" height="300" width="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgjB8RadeODKFKin_hutLrlLXD3Dpu_yRSVbVPa4gzUNb-s2cat7vooHScybcFNZVIuNjMp7A9c7RsuQzoDUNjWaWU27kPvcEJ28GNDo_iLE7xFE1LfkhrozjpD_IgSoFq9XQYqNd3c9yE/s400/1.jpg" /></a></div>
Katy Foltzhttp://www.blogger.com/profile/07073986015144068938noreply@blogger.com0tag:blogger.com,1999:blog-3740796116370260983.post-82042542827835880282011-09-16T13:41:00.000-04:002011-09-16T13:48:52.671-04:0010 Great Reasons to Buy A House Now<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEifEJigWH_Ofndc025mViPGwsJ9CDA6YW7BxiuZDYuxVh2tT3iVOxViDLcg0CqGrb2W_5vgSgDaenRGbm1957URtK37zE2CDErxZFQ1m6MB1THJlFevhP5oifa_ujAom7jremxFqg3yJdU/s1600/20110916134044173.jpg"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 309px; height: 400px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEifEJigWH_Ofndc025mViPGwsJ9CDA6YW7BxiuZDYuxVh2tT3iVOxViDLcg0CqGrb2W_5vgSgDaenRGbm1957URtK37zE2CDErxZFQ1m6MB1THJlFevhP5oifa_ujAom7jremxFqg3yJdU/s400/20110916134044173.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5653015820883825874" /></a>Katy Foltzhttp://www.blogger.com/profile/07073986015144068938noreply@blogger.com0tag:blogger.com,1999:blog-3740796116370260983.post-59118041706199547382010-11-17T11:07:00.000-05:002010-11-17T11:08:05.660-05:00<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj8JmHLZ-KsweaBa8X5KDEmnbE5HaCSxvncy9WwBYGGgN9dO3C6PbiJN8PPwWV73KEy142ngrMQYNHgqy6QqnwOGwRaO5pf-x-A3NHlSt69bLWD4pZgKn-GhTmLLf6GMdckQWqEFAxlrzU/s1600/cust+serv+award.jpg"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 400px; height: 310px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj8JmHLZ-KsweaBa8X5KDEmnbE5HaCSxvncy9WwBYGGgN9dO3C6PbiJN8PPwWV73KEy142ngrMQYNHgqy6QqnwOGwRaO5pf-x-A3NHlSt69bLWD4pZgKn-GhTmLLf6GMdckQWqEFAxlrzU/s400/cust+serv+award.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5540551076882202338" /></a>Katy Foltzhttp://www.blogger.com/profile/07073986015144068938noreply@blogger.com0tag:blogger.com,1999:blog-3740796116370260983.post-63021052029952504142010-09-15T14:53:00.002-04:002010-09-15T14:56:28.185-04:00Have Atlanta Home prices Hit bottom????<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg_gBsy2E1EqIZ9BVH46ODKKcpyDQqXyTFEfN6f0sX4Wmwiqc-dkEN_Te8v42AJMX_syjBVqrN1V1HGFQmyG5yzMH73834JJlkpwkEMXCRV2Twa81zU7ijK6PoD69wSGanj13yyzDDHIjE/s1600/Sale+Price.jpg"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 400px; height: 314px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg_gBsy2E1EqIZ9BVH46ODKKcpyDQqXyTFEfN6f0sX4Wmwiqc-dkEN_Te8v42AJMX_syjBVqrN1V1HGFQmyG5yzMH73834JJlkpwkEMXCRV2Twa81zU7ijK6PoD69wSGanj13yyzDDHIjE/s400/Sale+Price.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5517215678421499922" /></a><br /><br /><br /><br /><br />According to this chart, it looks like Atlanta hit bottom last year. We are on the upswing now, price-wise. This is very good news for sellers! For the buyers, it is time to take advantage of these still historically low prices because they may not last long. They are going up! Contact me today for more charts and more great information!<br /> I am here for all of your Real Estate needs!Katy Foltzhttp://www.blogger.com/profile/07073986015144068938noreply@blogger.com0tag:blogger.com,1999:blog-3740796116370260983.post-25070306879248162172010-05-20T08:46:00.006-04:002010-05-20T14:39:21.518-04:00Discount Broker vs. Listing with Me!<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjE0y2f2vDqKDIjnNt_14U2MLvvWBDW1_Z-a1Rsqfc_gVLaKFbMwp_8q6NnvGoWnuiNVxyax83s3y-3ZnPKHGglbVWRLKRd2bvt_Kh5XKFQLd2hfMEoiY2fnGWg1XORLAck1ig62klqwrE/s1600/realtor.jpg"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 111px; height: 131px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjE0y2f2vDqKDIjnNt_14U2MLvvWBDW1_Z-a1Rsqfc_gVLaKFbMwp_8q6NnvGoWnuiNVxyax83s3y-3ZnPKHGglbVWRLKRd2bvt_Kh5XKFQLd2hfMEoiY2fnGWg1XORLAck1ig62klqwrE/s400/realtor.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5473336342884385314" /></a><br /><br /><br /><br /><br /><br />Why pay a discount broker all kinds of upfront fees, when you list with me, it is free until we close! I have heard so many stories of clients that pay thousands of dollars in upfront fees with a discount broker, and then realize they are not getting the service that they desire from that agency.<br /><br />When you list with me, you pay NOTHING up front. If it ends up not selling, you are not out any money at all. <br />I had a client meet with me, and could see all that I offer, that a discount broker simply does not provide. She listed with them for two weeks and realized she was not getting the service that she needed. She was pretty much selling her home by herself except that it was on the Fmls, and Mls. She then canceled her contract with them, after being out over $1,000. She listed with me and I got it sold within 8 Days!!<br />I am not promising 8 days, but with all of my marketing expertise, holding open houses,caravans, mail-outs and much more, my service makes a difference. <br /><br />Please call ME first before you decide to go with a discount Broker. I would hate to see you loose your hard earned money!<br /><br />I don't get paid until I get the job done!Katy Foltzhttp://www.blogger.com/profile/07073986015144068938noreply@blogger.com0tag:blogger.com,1999:blog-3740796116370260983.post-86842218475553828622010-05-12T10:04:00.001-04:002010-05-12T10:06:19.910-04:00100% Financing for Physicians<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjXLZ1vsQBVjU9ECcWG07hrRaP-r7Yrvpa3l09AlH4zWaaUbFic6JUGDh0jwiRC6vGOrDTVPhT1EQLYkSrYT_rCzPelBL05xgjNXesbCodKyWoR2s0t6Mnw1zpoVLC10HNpisJCcP_nSqQ/s1600/page0001.jpg"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 309px; height: 400px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjXLZ1vsQBVjU9ECcWG07hrRaP-r7Yrvpa3l09AlH4zWaaUbFic6JUGDh0jwiRC6vGOrDTVPhT1EQLYkSrYT_rCzPelBL05xgjNXesbCodKyWoR2s0t6Mnw1zpoVLC10HNpisJCcP_nSqQ/s400/page0001.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5470384566960318882" /></a>Katy Foltzhttp://www.blogger.com/profile/07073986015144068938noreply@blogger.com0tag:blogger.com,1999:blog-3740796116370260983.post-61895709159569471782010-05-04T10:52:00.002-04:002010-05-04T11:00:57.309-04:00Reasons to buy a home even without the tax credit!<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhARcr_hlZWZNphY5eeNvNWNumI48srwBxX0DWwtzrKTBNkmzO_wSIvgCla7QqbNbdh2gajzaS9IrdORGPw2Bdo-QaGAuLQokVO7yPlFPUpCt221hqqdfW26IAFq4JHRXHdQAw5rfq0llQ/s1600/Feb_1st_2008_Article.jpg"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 315px; height: 320px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhARcr_hlZWZNphY5eeNvNWNumI48srwBxX0DWwtzrKTBNkmzO_wSIvgCla7QqbNbdh2gajzaS9IrdORGPw2Bdo-QaGAuLQokVO7yPlFPUpCt221hqqdfW26IAFq4JHRXHdQAw5rfq0llQ/s320/Feb_1st_2008_Article.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5467430011726287954" /></a><br /><br /><br /><br /><br /><br /><br /><br /><br /><br />People have been purchasing homes for hundreds of years without any "Tax Credits" and they will continue to do so. Owning a home is the American Dream. <br /><br />Reasons to buy a home even without the Tax Credit:<br /><br />- Prices of homes are ridiculously low!! Most likely the lowest we will ever see in our lifetime.<br />- Inventory is high! There are so many homes to choose from.<br />- Interest Rates are Extremely low! Take advantage. A higher interest rates could mean thousands of dollars in the long run.<br />- It is a buyers market. The housing market is in the buyers hands.<br /><br />Call me for a list of your area's Best Buy List!Katy Foltzhttp://www.blogger.com/profile/07073986015144068938noreply@blogger.com0tag:blogger.com,1999:blog-3740796116370260983.post-24461635972349259962010-04-07T13:04:00.000-04:002010-04-07T13:05:07.008-04:00Time is Running out on the First Time Home Buyer Tax credit!!<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi-zhTUl5PtxmBScD2ngASU7sX05vjPk7HU6hdAkk9I5vPplU-jZFweEm6T09BQT2oyZUKYFHPIRjmJI4oMirEIX1WNxBUI9kVY7jTH82OagLrUqgxRBM4tqJy9y7B6CnY6FWFEa4Jcz1k/s1600/Picture4.gif"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 320px; height: 140px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi-zhTUl5PtxmBScD2ngASU7sX05vjPk7HU6hdAkk9I5vPplU-jZFweEm6T09BQT2oyZUKYFHPIRjmJI4oMirEIX1WNxBUI9kVY7jTH82OagLrUqgxRBM4tqJy9y7B6CnY6FWFEa4Jcz1k/s320/Picture4.gif" border="0" alt=""id="BLOGGER_PHOTO_ID_5457442635597765362" /></a>Katy Foltzhttp://www.blogger.com/profile/07073986015144068938noreply@blogger.com0tag:blogger.com,1999:blog-3740796116370260983.post-50499616818673646112010-02-12T13:24:00.003-05:002010-02-12T13:30:45.024-05:00Exclusive Buyer Representation and How it Benefits YOU!<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhVtXYsDsnirpLCPCKpApzyWFgVxIBTaIWsa3ZbObwYDPuP4pGSyRZ644U-DMEMnVh5oIhmAYp5_CV99rL-Z127iC7EGOagUr8PMMRI4l2IbnV4FqmQp2Ks5qIzyP2YMcvBb0FqTjkwa50/s1600-h/buyer.jpg"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 300px; height: 224px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhVtXYsDsnirpLCPCKpApzyWFgVxIBTaIWsa3ZbObwYDPuP4pGSyRZ644U-DMEMnVh5oIhmAYp5_CV99rL-Z127iC7EGOagUr8PMMRI4l2IbnV4FqmQp2Ks5qIzyP2YMcvBb0FqTjkwa50/s320/buyer.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5437426164394940642" /></a><br />Exclusive Buyer Agency Agreements are where a Realtor represents the Buyer of real estate.<br /><br />The Buyer Agent owes fiduciary duties to the Buyer under this relationship and agreement, including fidelity, honesty, dedication to purpose, acting in the Buyer's best interests, etc.<br /> The commission to be paid to the Buyer's Agent in the Buyer Agency Agreement, , is generally offset against the share, or "co-op", commission offered by the Listing Agent through the Multiple Listing Service ("MLS"). So in essence, a Buyers Agent is FREE!!!!!<br /><br />An exclusive buyer agent is a real estate agent who is NOT representing a seller in any transaction while representing the particular buyer. <br /> It is beneficial to a buyer to have representation because the agent is responsible for acquiring information on the property and advising the buyer based on that information. Without an agreement, the agent does NOT have an obligation to work with the buyer's best interests in mind.<br /><br />WHY would you NOT use a Buyer's Agent in a Real Estate Transaction??<br />They are working for you and your interests first and foremost. They will get you the most home for the money and represent YOU throughout the entire transaction.Katy Foltzhttp://www.blogger.com/profile/07073986015144068938noreply@blogger.com1tag:blogger.com,1999:blog-3740796116370260983.post-44973538560981688772010-02-03T19:14:00.002-05:002010-02-12T13:34:39.727-05:00Buy a home for $100 DOWN!<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjn0bEHgJ3mjqQbVIWQZxKte3RYzGuai_-cVz5Nqc_sgk-aGmwqTqSpVZMf9XyDBlNEvSHsmD5AoRIqh7rEFCZe90aQ5qFpeuXFyn0XPFGt8tOkAW5w_bJHTOOHAfDTZYddtqEltPp7ecY/s1600-h/equal+housing.gif"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 312px; height: 320px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjn0bEHgJ3mjqQbVIWQZxKte3RYzGuai_-cVz5Nqc_sgk-aGmwqTqSpVZMf9XyDBlNEvSHsmD5AoRIqh7rEFCZe90aQ5qFpeuXFyn0XPFGt8tOkAW5w_bJHTOOHAfDTZYddtqEltPp7ecY/s320/equal+housing.gif" border="0" alt=""id="BLOGGER_PHOTO_ID_5437427164235243714" /></a><br />How to Purchase a HUD home with only $100 DOWN!!!!<br /><br /><br />$100 down payment for owner occupants purchasing a HUD home with FHA financing. This loan incentive is also available to owner occupant purchasers who obtain a FHA Home Repair.<br /><br />It's a great time to Purchase a HUD home with FHA financing.<br /><br />Visit www.HudPemco.com to search homes, then call me to view the homes!Katy Foltzhttp://www.blogger.com/profile/07073986015144068938noreply@blogger.com0tag:blogger.com,1999:blog-3740796116370260983.post-8947751539138559162010-01-19T14:51:00.001-05:002010-01-19T14:53:11.689-05:00It's a Buyers Market! Take advantage today!Happy New Year as we kick of 2010…a new year and new decade! Real Estate continues to be a hot topic of conversation everywhere. How many times do people ask, “How is business? Is now a good time to buy?”<br /><br />The first quarter of 2010 will most likely be the BEST TIME EVER to purchase real estate. Here are three quick reasons why it one of the BEST times to purchase a home in 1st quarter of 2010 along with a little commentary on each reason. <br /><br />Tax Credit has been extended- The Federal Government Home Buyer Tax Credit for first time home = buyers and repeat home buyers ends April 30, 2010. An accepted contract must be in place by then with a closing by June 30, 2010. If you are a "qualifying first-time home buyer" that means $8000 in tax credits. For "qualifying repeat home buyers" that means $6500 in tax credits. For more information check out www.federalhousingtaxcredit.com.<br /><br />Interest Rates are low- Last January rates were below 5% and there was a big run on refinances. Those low rates have returned again this January. Currently rates are as low as they have been in 40-50 years. Rates may tick up this spring (around April).<br /><br />Home Prices Are Discounted- The last two years foreclosures have driven down prices. This will continue in the first quarter of 2010. Numbers suggest an of 15% discount on home prices for Forsyth county on November, 2009 closed sales. Homes are priced to sell! <br /><br />In conclusion the two minute elevator speech on why to buy in Q1 of 2010-“ the government is paying buyers to purchase homes at their deepest discounts with lowest financing terms in 40 years. The stars are aligned. This is an unprecedented and newly defined “BUYERS MARKET” for the next 4 months.<br /><br />CALL ME FOR MORE INFORMATION!<br /><br /> <br /><br />Financing questions? http://www.GaryWelchHomeLoans.comKaty Foltzhttp://www.blogger.com/profile/07073986015144068938noreply@blogger.com0tag:blogger.com,1999:blog-3740796116370260983.post-10462049983269155982009-12-20T23:27:00.001-05:002009-12-20T23:30:01.376-05:00Merry Christmas and Happy New Year!<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEghpT-SD84VrNKROlVLFbLfT21VcBXYFjy-X4DPKqlaLDucSFyE8-BQqfKnQmWEM2z-h-1x1VAv87WpWuw6p_TZ05Og5cIjm92RQ1IfXTIe6R_am82K2zFRzcsor7FRHvMTNn169KAy7Og/s1600-h/Happy_Holidays.jpg"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 320px; height: 208px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEghpT-SD84VrNKROlVLFbLfT21VcBXYFjy-X4DPKqlaLDucSFyE8-BQqfKnQmWEM2z-h-1x1VAv87WpWuw6p_TZ05Og5cIjm92RQ1IfXTIe6R_am82K2zFRzcsor7FRHvMTNn169KAy7Og/s320/Happy_Holidays.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5417541572428838290" /></a><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br />Merry Christmas and Happy New Year!<br /><br />I AM LOOKING FORWARD TO HELPING MORE FAMILIES FIND A HOME IN 2010!<br />THANK YOU FOR YOUR CONTINUED SUPPORT THIS PAST YEAR!Katy Foltzhttp://www.blogger.com/profile/07073986015144068938noreply@blogger.com0tag:blogger.com,1999:blog-3740796116370260983.post-35782108265549128012009-11-09T13:17:00.000-05:002009-11-09T13:19:48.094-05:00Home Buyer Tax Credit Q&A<span style="font-weight:bold;">First Time Homebuyer Tax Credit Extended Into 2010! <br />Plus...A New Tax Credit for Certain Existing Home Owners!</span><br /><br />It's official. President Obama has signed a bill that extends the tax credit for first-time homebuyers (FTHBs) into the first half of 2010. This program had been scheduled to expire on November 30, 2009. <br /><br />In addition to extending the tax credit of up to $8,000 through June 30, 2010, the extension measure also opens up opportunities for others who are not buying a home for the first time. <br /><span style="font-style:italic;"><br />So Who Gets What? </span><br />The program that has existed for FTHBs remains intact with the one exception that more people are now eligible based on an increase in the amount of income someone may now earn. <br /><br />Additionally, the program now gives those who already own a residence some additional reasons to move to a new home. This incentive comes in the form of a tax credit of up to $6,500 for qualified purchasers who have owned and occupied a primary residence for a period of five consecutive years during the last eight years. <br /><br /><span style="font-style:italic;">Deadlines </span><br />In order to qualify for the credit, all contracts need to be in effect no later than April 30, 2010 and close no later than June 30, 2010. <br /><br />Higher Income Caps in Effect <br />The amount of income someone can earn and qualify for the full amount of the credit has been increased.. <br /><br />Single tax filers who earn up to $125,000 are eligible for the total credit amount. Those who earn more than this cap can receive a partial credit. However, single filers who earn $145,000 and above are ineligible. <br /><br />Joint filers who earn up to $225,000 are eligible for the total credit amount. Those who earn more than this cap can receive a partial credit. However, joint filers who earn $245,000 and above are ineligible. <br /><br /><span style="font-style:italic;">Maximum Purchase Price </span><br />Qualifying buyers may purchase a property with a maximum sales price of $800,000. <br /><span style="font-weight:bold;"><br />First-Time Homebuyer Tax Credit – Frequently Asked Questions</span><br />Here are answers to some commonly asked questions about the tax credit. <br /><span style="font-style:italic;"><br />What is a tax credit?</span> <br />A tax credit is a direct reduction in tax liability owed by an individual to the Internal Revenue Service (IRS). In the event no taxes are owed, the IRS will issue a check for the amount of the tax credit an individual is owed. Unlike the tax credit that existed in 2008, this credit does not require repayment unless the home, at any time in the first 36 months of ownership, is no longer an individual's primary residence. <br /><span style="font-style:italic;"><br />What is the tax credit for first-time homebuyers (FTHBs)? </span><br />An eligible homebuyer may request from the IRS a tax credit of up to $8,000 or 10% of the purchase price for a home. If the amount of the home purchased is $75,000, the maximum amount the credit can be is $7,500. If the amount of the home purchased is $100,000, the amount of the credit may not exceed $8,000. <br /><span style="font-style:italic;"><br />Who is eligible for the FTHB tax credit?</span> <br />Anyone who has not owned a primary residence in the previous 36 months, prior to closing and the transfer of title, is eligible. This applies both to single taxpayers and married couples. In the case where there is a married couple, if either spouse has owned a primary residence in the last 36 months, neither would qualify. In the case where an individual has owned property that has not been a primary residence, such as a second home or investment property, that individual would be eligible. <br /><br />As mentioned above, the tax credit has been expanded so that existing homeowners who have owned and occupied a primary residence for a period of five consecutive years during the last eight years are now eligible for a tax credit of up to $6,500. <br /><span style="font-style:italic;"><br />How do I claim the credit? </span><br />For those taking advantage of the tax credit in 2009, you may choose to either apply for the credit with your 2009 tax return or you may apply for the credit sooner by filing an amended 2008 tax return with Form 5405 (http://www.irs.gov/pub/irs-pdf/f5405.pdf). <span style="font-style:italic;"><br /><br />Can you claim the tax credit in advance of purchasing a property? </span><br />No. The IRS has recently begun prosecuting people who have claimed credits where a purchase had not taken place. <br /><br /><span style="font-style:italic;">Can a taxpayer claim a credit if the property is purchased from a seller with seller financing and the seller retains title to the property? </span><br />Yes. In situations where the buyer purchases the property, even though the seller retains legal title, the taxpayer may file for the credit. Examples of this would include a land contract, contract for deed, etc. According to the IRS, factors that would demonstrate the ownership of the property would include: 1. the right of possession, 2. the right to obtain legal title upon full payment of the purchase price, 3. the right to construct improvements, 4. the obligation to pay property taxes, 5. the risk of loss, 6. the responsibility to insure the property and 7. the duty to maintain the property. <br /><span style="font-style:italic;"><br />Are there other restrictions to taking the credit? </span><br />Yes. According to the IRS, if any of the following describe your situation, a credit would not be due. <br /><br />You buy your home from a close relative. This includes your spouse, parent, grandparent, child or grandchild. <br />You do not use the home as your principal residence. <br />You sell your home before the end of the year. <br />You are a nonresident alien. <br />You are, or were, eligible to claim the District of Columbia first-time homebuyer credit for any taxable year. (This does not apply for a home purchased in 2009.) <br />Your home financing comes from tax-exempt mortgage revenue bonds. (This does not apply for a home purchased in 2009.) <br />You owned a principal residence at any time during the three years prior to the date of purchase of your new home. For example, if you bought a home on July 1, 2009, you cannot take the credit for that home if you owned, or had an ownership interest in, another principal residence at any time from July 2, 2006, through July 1, 2009. <br />Can you buy a home from a step-relative and be eligible for the credit? <br />Yes. Provided the person you are buying a home from is not a direct blood relative, the purchase would be allowed. <br /><br /><span style="font-style:italic;">Can parent(s) who will not live in the property cosign for a mortgage for their child and the child that is a qualifying FTHB still be eligible for the credit? </span><br />Yes. <br /><span style="font-style:italic;"><br />Can a separated spouse who has not owned a home for four years qualify for the FTHB tax credit if the spouse has owned a property anytime in the last three years? </span><br />No. However, the spouse may be eligible for the repeat buyer credit. The best path to take in any situation regarding income taxes is to speak with a professional tax preparer or CPA.Katy Foltzhttp://www.blogger.com/profile/07073986015144068938noreply@blogger.com0tag:blogger.com,1999:blog-3740796116370260983.post-79114729618389669762009-10-20T13:43:00.003-04:002009-10-20T13:48:36.629-04:00Best Time to purchase a Rental property....EVER!<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgpoJN5hZ6TVwVrqOWbDRbBNkLbG5l2qJrbZp7b-f8ISNDW8tj1nxe1sQJ43FciB1ZViIjE62rnxS78X5PMZ1y0g26Bv4OD_gzIAWzh2BtMmfO2xWrrxaFSXuXKDTNktPTCmqfXPVpUsDY/s1600-h/rent.png"><img style="cursor:pointer; cursor:hand;width: 305px; height: 241px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgpoJN5hZ6TVwVrqOWbDRbBNkLbG5l2qJrbZp7b-f8ISNDW8tj1nxe1sQJ43FciB1ZViIjE62rnxS78X5PMZ1y0g26Bv4OD_gzIAWzh2BtMmfO2xWrrxaFSXuXKDTNktPTCmqfXPVpUsDY/s320/rent.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5394740486566122514" /></a><br /><br /><br /><br />RIGHT NOW is the perfect time to purchase a rental property.<br /><br /><br />Prices are low, Interest rates are even lower! Owner's are desperate to sell or have gone into short sale or foreclosure status. <br />Many of my investor clients simply rent out the home and are waiting until the market fully comes back to where they will make a profit. if you are in the position to purchase a rental property, NOW IS THE TIME! <br />Ask me for a list of homes that would be perfect for a rental property!!Katy Foltzhttp://www.blogger.com/profile/07073986015144068938noreply@blogger.com0tag:blogger.com,1999:blog-3740796116370260983.post-63955155869430412042009-10-06T16:10:00.005-04:002009-10-15T11:39:54.779-04:00HGTV's House Hunters is Coming to Atlanta!!<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjirAlFo5wLybzg_6o4IfVmyebSphr1oaU0pgvAqwIAIoJijQ5yp2y1fgRK507DeoYRrMPqSQIf7CxopnwkMT-tNKzVEHbVyNuuwa0AzCVRv9VP8kFnqLNZFn2Jk7p1YnNPcZCjw1a4tV4/s1600-h/MrsKHousehunters.jpg"><img style="cursor:pointer; cursor:hand;width: 320px; height: 240px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjirAlFo5wLybzg_6o4IfVmyebSphr1oaU0pgvAqwIAIoJijQ5yp2y1fgRK507DeoYRrMPqSQIf7CxopnwkMT-tNKzVEHbVyNuuwa0AzCVRv9VP8kFnqLNZFn2Jk7p1YnNPcZCjw1a4tV4/s320/MrsKHousehunters.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5389582348174691842" /></a><br /><br /><br /><br /><br /><br />HGTV’s House Hunters is COMING TO ATLANTA!<br /><br />Are You or Anyone You know wanting to purchase a home in the next couple of months and have a great story to tell?<br /><br />If so, contact Me today and submit an application and we can have the whole world watch us go through the process of purchasing a Home on HGTV’s House Hunters!<br /><br />This is a very exciting opportunity! I have been in direct contact with the casting producer and director for the show and I have all of the paperwork needed to move forward! <br />Call or email me for more information!<br /><br />Katy Foltz - Realtor®<br /><br />Certified REO/Foreclosure Specialist<br /><br />Keller Williams Realty- Community Partners<br /><br />Office 678.341.7968<br /><br />Fax 678 341 7969<br /><br />Mobile 678.860.2220<br /><br />kfoltz@kw.comKaty Foltzhttp://www.blogger.com/profile/07073986015144068938noreply@blogger.com0tag:blogger.com,1999:blog-3740796116370260983.post-40827880400359212242009-09-24T21:32:00.001-04:002009-09-24T21:35:00.238-04:00Amazing 4 Bedroom Home in Cumming for a 3 bedroom price!<iframe style="width:250px; height:225px; "src="http://www.postlets.com/realestate/mini_250.php?pid=2792378" frameborder="0" marginheight="0" marginwidth="0"></iframe>Katy Foltzhttp://www.blogger.com/profile/07073986015144068938noreply@blogger.com0tag:blogger.com,1999:blog-3740796116370260983.post-41044237457238686612009-09-20T20:37:00.001-04:002009-09-24T21:38:13.178-04:00ONLY 48 Business Days Until Thanksgiving!<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhpsD2WiPLBGYBVPXvUkbGnRj3IkAIr0yMb51ofV5dnsZ5EO0DrDJJ4gfvVNDz3txM6IO68789273eHySvKYEnVL1hLwW6gLVfFSvP-YatqY19_IbGIe5ARMQEREDCf5T3r2eUJ4zsgn4A/s1600-h/Banner.jpg"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 320px; height: 157px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhpsD2WiPLBGYBVPXvUkbGnRj3IkAIr0yMb51ofV5dnsZ5EO0DrDJJ4gfvVNDz3txM6IO68789273eHySvKYEnVL1hLwW6gLVfFSvP-YatqY19_IbGIe5ARMQEREDCf5T3r2eUJ4zsgn4A/s320/Banner.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5385213332680203938" /></a><br />Did you know that there are only 48 Business days left until Thanksgiving?? In order to get the First Time Homebuyer Tax credit you must be closed by November 30th! It may seem far away but I promise that if you are wanting to take advantage of that....it is imperative to put an offer on a home, in order to close in time, in the next couple of weeks at the latest! ....especially if it is a short sale or foreclosure!Katy Foltzhttp://www.blogger.com/profile/07073986015144068938noreply@blogger.com1tag:blogger.com,1999:blog-3740796116370260983.post-24979430804101259322009-09-04T11:16:00.004-04:002009-09-04T11:21:25.837-04:00REALTOR vs. Real Estate Agent<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg4xzV2A3JPgQFjvoIw8Qn5kkDOtGJTqmcE_trBQQlgoAWWS2dSru6Af7PP9qWDmH7lKsYDiN_DEJiaB4nDyviDmZc7Iwu1mnaWau-Bmfq2BepaGEPuk9Puw_jtUfeVdnLk-nNlsq6SJm0/s1600-h/realtor_logo.jpg"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 304px; height: 320px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg4xzV2A3JPgQFjvoIw8Qn5kkDOtGJTqmcE_trBQQlgoAWWS2dSru6Af7PP9qWDmH7lKsYDiN_DEJiaB4nDyviDmZc7Iwu1mnaWau-Bmfq2BepaGEPuk9Puw_jtUfeVdnLk-nNlsq6SJm0/s320/realtor_logo.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5377632432835699026" /></a><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br />There is a difference! Did you know that? <br /><br />Both are licensed to sell real estate....BUT......A REALTOR is a member of the National Association of REALTORS and that means that REALTORS must follow the REALTOR Code of Ethics.<br /><br />Here is What REALTORS follow that agents do not have to:<br /><br /><br />#1) Pledge to put the interests of buyers and sellers ahead of their own and to treat all parties honestly.<br /><br />#2) Shall refrain from exaggerating, misrepresenting or concealing material facts; and is obligated to investigate and disclose when situations reasonably warrant.<br /><br />#3) Shall cooperate with other brokers / agents when it is in the best interests of the client to do so.<br /><br />#4) Have a duty to disclose if they represent family members who own or are about to buy real estate, or if they themselves are a principal in a real estate transaction, that they are licensed to sell real estate.<br /><br />#5) Shall not provide professional services in a transction where the agent has a present or contemplated interest without disclosing that interest.<br /><br />#6) Shall not collect any commissions without the seller's knowledge nor accept fees from a third-party without the seller's express consent.<br /><br />#7) Shall refuse fees from more than one party without all parties' informed consent.<br /><br />#8) Shall not co-mingle client funds with their own.<br /><br />#9) Shall attempt to ensure that all written documents are easy to understand and will give everybody a copy of what they sign.<br /><br />#10) Shall not discriminate in any fashion for any reason on the basis of race, color, religion, sex, handicap, familial status, or national origin.<br /><br />#11) Expects agents to be competent, to conform to standards of practice and to refuse to provide services for which they are unqualified.<br /><br />#12) Must engage in truth in advertising.<br /><br />#13) Shall not practice law unless they are a lawyer.<br /><br />#14) Shall cooperate if charges are brought against them and present all evidence requested.<br /><br />#15) Agree not to bad mouth competition and agree not to file unfounded ethics complaints.<br /><br />#16) Shall not solicit another REALTOR'S client nor interfere in a contractual relationship.<br /><br />#17) Shall submit to arbitration to settle matters and not seek legal remedies in the judicial system. <br /><br />I would love to be YOUR REALTOR of Choice!Katy Foltzhttp://www.blogger.com/profile/07073986015144068938noreply@blogger.com0tag:blogger.com,1999:blog-3740796116370260983.post-87210304787687703852009-09-01T20:53:00.001-04:002009-09-01T20:55:30.152-04:00Ways to avoid FORECLOSURE!WAYS THAT HOMEOWNERS<br />CAN AVOID FORECLOSURE<br /><br />REINSTATEMENT:<br />o THE OWNER CAN PAY BACK ALL MISSED PAYMENTS, LATE FEES AND LEGAL FEES THAT ARE DUE UP TO THE DAY THE LOAN IS REINSTATED. <br /><br />REPAYMENT PLAN:<br />o THE LENDER WILL ALLOW THE OWNER TO REPAY THE AMOUNT MISSED OR ADD THE MISSED PAYMENTS ON TO THE END OF THE AMORTIZATION OF THE LOAN.<br /><br />RENT THE PROPERTY:<br />o MANY OWNERS CHOOSE TO RENT OUT THEIR HOME IN ORDER TO “COVER” THE MORTGAGE EACH MONTH. THIS IS A GREAT OPTION!<br /><br />SELL THE PROPERTY:<br />o IF THE OWNER HAS ENOUGH EQUITY IN THE HOME, THEY CAN SELL IT AND PREVENT THE FORECLOSURE.<br /><br />REFINANCE:<br />o MANY OWNERS HAVE SUFFICIENT EQUITY IN THEIR HOMES AND DECENT CREDIT IN ORDER TO REFINANCE.<br /><br />MORTGAGE MODIFICATION:<br />o THIS PROCESS WILL LOWER THE INTEREST RATE ON THE EXISTING LOAN TO LOWER THE PAYMENTS.<br /><br />DEED-IN-LIEU OF FORECLOSURE:<br />o THE HOMEOWNER ESSENTIALLY GIVES THE DEED BACK TO THE BANK.<br /><br />SHORT SALE:<br />o THIS IS WHEN THE HOMEOWNER OWES MORE THAN WHAT THE HOME IS CURRENTLY WORTH AND ONE OF THE OTHER OPTIONS DOES NOT WORK.Katy Foltzhttp://www.blogger.com/profile/07073986015144068938noreply@blogger.com0tag:blogger.com,1999:blog-3740796116370260983.post-61489271157943449272009-07-15T20:31:00.002-04:002009-07-15T20:35:51.890-04:00WHY YOU SHOULD STOP RENTING!Reasons Why You Should Stop Renting<br />1. Rents continue to rise!<br />2. Having no economic security, not knowing how much your rent may go up in the next two to three years.<br />3. No tax benefits<br />4. No price appreciation<br />5. Nothing to show for your money spent<br />6. No freedom to do what you want with your space.Katy Foltzhttp://www.blogger.com/profile/07073986015144068938noreply@blogger.com0tag:blogger.com,1999:blog-3740796116370260983.post-9343029361689402672009-07-15T17:36:00.003-04:002009-07-15T17:40:37.839-04:00TimeTicking for $8,000 Tax Credit!<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_baO5R5kdciJJmM3fJqKY1M0gsjwBo8NL0Nn1Kq5AJKSf2ZCMkT75lhv9LHXEbv5yB5-o2XoVfyqI4bW43qYzMdIbL7rI2uoZSK15q48Flc5J5QNPUQAiwf71d5iTbnu0-zMyMT9ufHE/s1600-h/time.jpg"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 320px; height: 210px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_baO5R5kdciJJmM3fJqKY1M0gsjwBo8NL0Nn1Kq5AJKSf2ZCMkT75lhv9LHXEbv5yB5-o2XoVfyqI4bW43qYzMdIbL7rI2uoZSK15q48Flc5J5QNPUQAiwf71d5iTbnu0-zMyMT9ufHE/s320/time.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5358804923259211874" /></a><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br />Time is ticking for the 1st time homebuyer tax credit! <br />A home must be PURCHASED on or before Dec 1st!!! Take advantage of this! PLUS the $1,800 tax credit for ANY GA Homebuyer!<br /><br />Contact me today to see if you qualify!<br />3 Great Reasons to Buy Now!:<br />1) HISTORICALLY LOW Interest Rates<br />2) Low prices and TONS of homes on the market to choose from! <br />3) TAX CREDITS!!! Federal and State~ almost $10,000 worth!!Katy Foltzhttp://www.blogger.com/profile/07073986015144068938noreply@blogger.com0tag:blogger.com,1999:blog-3740796116370260983.post-28885554015744076682009-07-08T21:55:00.002-04:002009-07-08T22:02:31.878-04:00Atlanta is one of top cities to buy a home!<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjTRjEfAPYcnTViwDEcJ12-MLpPKvLr2ngAjz1ymAkqNL9be-H9Elki7inPUiTe14ddNW1rBnTRtGkESY3FglN7COXvGhvO8EvZLRyBoFjohfWvohvqKNraXPVRNLYh-2gVwhJXW4CYw_0/s1600-h/frontporchdream.jpg"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 320px; height: 165px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjTRjEfAPYcnTViwDEcJ12-MLpPKvLr2ngAjz1ymAkqNL9be-H9Elki7inPUiTe14ddNW1rBnTRtGkESY3FglN7COXvGhvO8EvZLRyBoFjohfWvohvqKNraXPVRNLYh-2gVwhJXW4CYw_0/s320/frontporchdream.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5356274905997037490" /></a><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /> ATLANTA IS ONE OF THE TOP CITIES IN THE COUNTRY TO PURCHASE A HOME! It is actually number 13 according to FORBES magazine. Being out in the Atlanta market on a daily basis, I am truly seeing an upswing in the market. In the North Fulton and Forsyth county area of Atlanta, home sales are picking up. I run numbers every month targeting cities like Alpharetta, Cumming, Johns Creek and surrounding areas. I have been keeping track of the numbers such as recent solds, recent pending sales and different percentages. Since January, each area has had an increase in the number of pending sales and solds along with a slight decrease in the amount of inventory (homes on the market). Contact me today for a detailed report on the market in your area.Katy Foltzhttp://www.blogger.com/profile/07073986015144068938noreply@blogger.com0tag:blogger.com,1999:blog-3740796116370260983.post-51860628331686085762009-06-04T22:42:00.002-04:002009-07-15T17:41:11.487-04:00Location,Location,Location! 3 bed/3.5 bath in Alpharetta, Ga $309,900!<iframe style="width:250px; height:225px; "src="http://www.postlets.com/realestate/mini_250.php?pid=2283116" frameborder="0" marginheight="0" marginwidth="0"></iframe>Katy Foltzhttp://www.blogger.com/profile/07073986015144068938noreply@blogger.com0tag:blogger.com,1999:blog-3740796116370260983.post-36993411111509189202009-05-19T18:27:00.002-04:002009-05-19T18:31:29.320-04:00What Your Lender Will need From you to qualify for a Loan<span style="font-weight:bold;">Ten Things a Lender Needs from You <span style="font-style:italic;"></span></span><br />1. W-2 forms or business tax return forms if your self-employed for the last two or three years for every person signing the loan. <br />2. Copies of one or more months of pay stubs for every person signing the loan. <br />3. Copies of two to four months of bank or credit union statements for both checking and savings accounts. <br />4. Copies of personal tax forms for the last two to three years. <br />5. Copies of brokerage account statements for two to four months, as well as a list of any other major assets of value, e.g., a boat, RV, or stocks or bonds not held in a brokerage account. . <br />6. Copies of your most recent 401(k) or other retirement account statement. <br />7. Documentation to verify additional income, such as child support, pension, etc. <br />8. Account numbers of all your credit cards and the amounts of any outstanding balances <br />9. Lender, loan number, and amount owed on other installment loans—student loans, car loans, etc. <br />10. Addresses where you lived for the last five to seven years.Katy Foltzhttp://www.blogger.com/profile/07073986015144068938noreply@blogger.com0