Bright, spacious and renovated Four Bedroom, Three Bathroom home in active swim/tennis neighborhood. Smooth ceilings, elegant trim, designer paint colors, upgraded light fixtures, oil rubbed bronze hardware and gleaming hardwoods on the first and second floor.

Bright eat-in kitchen with faux painted cabinets, newer stainless steel appliances and tile floor views the family room and back yard. Separate formal dining room seats twelve plus. Perfect for entertaining guests. Separate living room and oversized family room with elegant faux painted brick fireplace with gas logs. Truly a fabulous room! Beautiful sunroom addition with energy efficient wall of windows, custom built-in bookshelves & desk area with two sets of French doors leading to private backyard. Perfect for home office or playroom. Large bedroom on the main level and newly renovated full bath with travertine tile and custom granite vanity.

Bright and spacious master suite on second floor with two walk-in closets and private bath with separate dressing area, double granite vanity with oil rubbed bronze hardware and shower. Nice sized secondary bedrooms with good closet space. Secondary bath features granite vanity and upgraded fixtures.

Private fenced in back yard with great patio and play set. Desirable Dunwoody schools. Active Swim/Tennis Community with beautiful clubhouse and great playground—all in Dekalb County! Check out the neighborhood website—www.fstc-atl.

Click here to take a virtual tour of this property!

Come & be ‘WOWED’ by this FULLY upgraded 5 Bedroom / 4.5 Bath custom home. 12′+ ceilings, 10′ baseboards, extensive trim, upgraded lighting, 3 fireplaces, intercom & custom painting. Private guest suite on main. Custom kitchen cabinets, granite countertops, top of the line stainless steel appliances and wine refrigerator. Separate keeping rm. Extra bonus room up. Glamarous master bedroom with adjoining sitting room with fireplace & built-ins. His and hers closets, marble bath. Large secondary bedrooms. Full unfinished basement stubbed for bath. Enormous fenced in back yard. Truly amazing home!

For more information, visit http://510nfieldspass.greatcustomhome.com/

When tax time rolls around, there is a beneficial exemption available to Georgia homeowners. The homestead exemption reduces the taxable value of your home provided:

•The home is occupied by the homeowner on January 1 of the taxable year, and
•The homeowner applies for the homestead exemption with the county in which the property is located.

A homestead exemption is very important for you as it may mean you have to pay less tax on your property. In the State of Georgia, taxable (or assessed) value is calculated as 40% of the fair market value of your property. The homestead exemption reduces the taxable value by a minimum of $2,000, thereby lowering your tax obligation. Homestead exemption amounts vary by county with many being well above $2,000.

The tax assessor’s office has been designated to receive applications for the homestead exemption. Please check with your county regarding specific procedures and deadlines before going to file your exemption. Please see the deadlines below and click on a county to be transferred to the appropriate website.

Fulton County – deadline is April 1, 2010
404-612-6440

DeKalb County – deadline is March 1, 2010
404-298-4000

Gwinnett County – deadline is March 1, 2010
770-822-8800

Cobb County – deadline is April 1, 2010
770-528-8600

Clayton County – deadline is April 1, 2010
770-477-3311

Cherokee County – deadline is April 1, 2010
678-493-6122

Henry County – deadline is April 1, 2010
770-288-8180

Forsyth County – deadline is April 1, 2010
770-781-2106

Douglas County – deadline is April 1, 2010
770-920-7272

Fayette County – deadline is March 1, 2010
770-461-3652

Paulding County – deadline is April 1, 2010
770-443-7606

Come & be ‘WOWED’ by this FULLY upgraded 5 Bedroom / 4.5 Bath custom home. 12′+ ceilings, 10′ baseboards, extensive trim, upgraded lighting, 3 fireplaces, intercom & custom painting. Private guest suite on main. Custom kitchen cabinets, granite countertops, top of the line stainless steel appliances and wine refrigerator. Separate keeping rm. Extra bonus room up. Glamarous master bedroom with adjoining sitting room with fireplace & built-ins. His and hers closets, marble bath. Large secondary bedrooms. Full unfinished basement stubbed for bath. Enormous fenced in back yard. Truly amazing home!

Click here to visit The Suits Team website for more detailed information and photos!

Aided by the home buyer tax credit, the outlook for housing and the economy appears headed for a sustainable recovery, the National Association of Realtors said Friday.

Lawrence Yun, NAR chief economist, said the projections are enhanced by a tax credit expansion to more home buyers through the middle of 2010. “In fact, the credit is working better than first projected — it now looks like we’ll have 2.3 to 2.4 million first-time buyers this year,” Yun said.

A consumer study by the NAR shows that first-time buyers accounted for a record 47 percent share of home sales over the past year, up from 41 percent in the 2008 survey. The share has risen steadily since a cyclical low of 36 percent in 2006.

Existing-home sales are expected to total 5.01 million in 2009, a gain of 2 percent over last year, and then are forecast to rise 13.6 percent to 5.69 million in 2010. “A steady draw down of inventory will help home values to turn positive in 2010, but risks such as unemployment remain in the economy,” Yun said.

New-home sales are projected at 397,000 this year, recovering to 549,000 in 2010. Housing starts, including multifamily units, should total 564,000 units this year but grow to 752,000 in 2010.

The 30-year fixed-rate mortgage will probably average 5.3 percent in the fourth quarter, rising gradually to 5.8 percent by the end of next year, NAR reported, adding that its housing affordability index will set a record in 2009, averaging 30 percentage points higher than 2008. Affordability will decline from record highs next year but will remain at historically attractive levels for home buyers.

November 14, Atlanta Business Chronicle

Last week, after the Senate gave its final and fully supportive approval on the homebuyer tax credit extension, the House of Representatives voted overwhelmingly to pass the legislation, sending the tax credit to President Obama who’s final sign-off on Friday made it official.

The $8,000 first-time homebuyer tax credit, which was slated to expire Nov. 30, 2009, will be extended for contracts signed before May 1, 2010 that close before July 1, 2010. First-time buyers, who are in the process of closing now, no longer have to worry about qualifying for the $8,000 tax credit if they do end up closing after the Nov. 30 deadline. The new legislation also increases the income limit for couples with income up to $225,000, a nearly $55,000 increase above the current level.

Buyers who already own a home are also now eligible for a tax credit and the purchase of a home. The $6,500 maximum credit will be available to existing homeowners who have lived in their current residence for five of the prior eight years. The legislation does set forth several provision including, limiting eligibility for existing homeowners to homes worth $800,000 or less, as well as making both credits available only for primary residences, not second homes or investment properties. The legislation will take effect December 1, 2009 and is not retroactive.

The original first-time homebuyer tax credit jump-started the housing market, driving home sales to the highest level in more than two yeas. The National Association REALTORS® reported sales jumped 9.4 percent to a seasonally adjusted annual rate of 5.57 million units in September and are 9.2 percent higher than the 5.10 million-unit pace in September 2008.

Locally, Atlanta continues to benefit from steady population growth. For the second year in a row, Atlanta was the #1 one-way destination city in U-Haul’s annual reservation data. We believe that our attractive climate, combined with the airport and our consistent model of growth, will continue to attract real estate investment, both from domestic and international sources.

Click here to view the complete list of citites chosen.

In the NEWS for October:

*News From Madalyn & Nina
*Investment News You Can Use
*KW Ranks #2 in Best Places to Work
*News From Amanda & Kathlin
*Pumpkin Festival Photos
*Featured Listings
*Engagements, Babies & Referrals
*Upcoming Events & Special Offer

Please click here to view the full newsletter in a PDF format!

Don’t forget to set your clocks back 1 hour on Sunday, November 1st (Saturday night at Midnight) for Daylight Savings Time. Wishing everyone a safe and Happy Halloween!

The Suits Team put this house under contract in just 2 weeks. The $8,000 tax credit expires November 30th. Let us know if you are looking to buy or sell -404-419-3550!