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Archive for November, 2009

Thanksgiving in Atlanta

Wednesday, November 25th, 2009

Last night, as I began to spend a week with my just-flown-in relatives, I thought of all the things that I love about them. They are all lovable, quirky, funny and healthy. In this season of thanksgiving, I am cognizant of that and thankful for them.

I know that almost everyone thinks of their immediate family over the holidays, but I also am thankful for my real estate family. I am talking about my truly wonderful clients, both sellers and buyers and my friends who often refer their friends to me; my team of agents and brokers, whom I rely on constantly; the adminstrative helpers I work with daily; the closing attorneys and the loan officers that will go the extra mile for me; the vendors, such as my marketing lady, Christine; the handy-men; accountants; web-techies Terrence, Drew and Catherine; and my coach Teri.

My business of  “one” could not survive without you. Even though I may not tell you as much as I should, I will be thinking of you this season. I am thankful you are not only in my real estate life, but also in my real life. Thank you; I wish you a happy and healthy holiday!

Where did the name “Buckhead” originate?

Sunday, November 22nd, 2009

Henry Irby owned a general store and tavern at what is now the intersection of West Paces Ferry Road and Roswell Road. The name “Buckhead” comes from a story that Mr. Irby (or an unnamed hunter) killed a large buck deer and placed the deer head on a post on a prominent location at the store/tavern. Prior to this event, Buckhead was called Irbyville throughout most of the 19th century; in 1952, Buckhead was annexed into the city of Atlanta.

Buckhead is an uptown district within the city of Atlanta and covers approximately the northern 20% of the city. It is sometimes promoted as the “Beverly Hills of the South”, in reference to Beverly Hills, California.

According to Forbes Magazine, Buckhead is home to the ninth-wealthiest zip code in the nation (30327). Home to the Georgia Governor’s Mansion, the area’s real estate market is the most expensive in Georgia.  Robb Report magazine has consistently ranked Buckhead as one of the nation’s “10 Top Affluent Communities” for “some of the most beautiful mansions, best shopping and finest restaurants in the Southeastern United States”.

Buckhead is an internationally renowned shopping district with more than 1,400 retail stores where shoppers spend more than $1 billion a year. The primary shopping district is Lenox Square and Phipps Plaza, sister regional malls located on Peachtree Road and Lenox Road, diagonally across from each other.

The Tax Credit has passed the House!

Thursday, November 5th, 2009

This afternoon, the House of Representatives approved an extension of the home buyers’ tax credit, sending the bill to the White House for President Obama’s signature.

The House voted 403-12 to pass the bill after the Senate unanimously approved the measure Wednesday night. The legislation continues the much-talked about home buyers’ tax credit, along with a measure allowing businesses to write off some of their losses, that were incurred over the past two years and an extension of unemployment benefits. 

Congress voted to approve the measure more than a month after initially agreeing to a more modest extension of unemployment benefits. The home buyers’ tax credit and the business-tax measure were added in the Senate.

The bill  extends an $8,000 first-time home buyers’ tax credit, that was set to expire at the end of November. The credit will apply to all contracts agreed upon before April 30, 2010, and closed by June 30. It creates a new $6,500 credit for existing property owners looking to sell their home and buy another during the same period of time. Both credits, however, have income restrictions limiting their availability. If you are interested in buying, selling or investing in  Atlanta’s real estate,  pleasee call us and Experience True Experience!

Tax Credit Passed the Senate — on to the House of Representatives!

Thursday, November 5th, 2009

I am so excited to report that the Senate skipped a step last night: they did not invoke cloture but went right to a vote on the housing bill. It passed 98-0!  As everyone says, things in Washington aren’t always predictable – they must know that the country needs to fix housing first!

The bill now goes to the House, where a vote is expected today!  Most of the action, to date, has focused on the Senate.  However, today, it is important that you contact your congressperson, to let them know how truly important this is. Tell them to pass it – quickly!  Everyone hopes this can be on the President’s desk today or tomorrow. If passed, it will not only extend the date that a first-time buyer must close on a new home (November 30, 2009), it will also give buyers that are not first-timers, a $6,500 tax credit, when buying a new home.

As always, if you are interested in buying, selling or investing in real estate, call us for help. Experience True Experience!

Extending the Tax Credit

Wednesday, November 4th, 2009

I am  happy to report that we are two steps closer to extending the $8000 tax credit!  A lopsided 85-2 Senate vote last night was followed by another lopsided 97-1 vote today.  The final Senate vote is expected sometime after 6 PM EST tomorrow, Thursday, November 5.  The hope is that it goes immediately to the House and then to the President for his signature. 

I will continue to keep this post current but the swift movement and lopsided Senate votes are a testimony as to what the home-buying public wants! If you are interested in buying, selling or investing in Atlanta real estate, please call or email us today and Experience True Experience!