Archive for the ‘Uncategorized’ Category

Metro Atlanta Property Taxes

Thursday, May 21st, 2015

Property Tax ImageAs Benjamin Franklin once said, “In this world, nothing can be said to be certain, except death and taxes.” I’m not a CPA (thankfully), but I do know a thing or two about taxes… and I mean property taxes.

A property tax is a tax assessed on real estate by the local government (counties and cities). While property taxes in Georgia certainly aren’t cheap, our state actually falls on the lower end of the spectrum when compared to other states at #29 in the country for median property tax rates.

In Georgia, the tax amount owed depends on the appraised market value of the property in combination with the millage rate for the county/city. I’m conjuring up my old real estate license course here!

See below for a calculation that illustrates the process:

Market Value x Georgia’s assessment ratio (40%) = Assessed value

Assessed value x mil rate (varies by county/city) = Your tax bill.

Market value is a theoretical notion of what your home would sell for in a normal market. This figure is also sometimes determined by the latest market sales price of the home.

In Metro Atlanta, it’s important to take into consideration not only your county tax bill but also your city tax bill. This list is not inclusive, but for instance the following areas are subject to additional city taxes:

  • Cobb :: Acworth, Marietta, Powder Springs, and Smyrna
  • DeKalb :: Atlanta, Brookhaven, Decatur, and Dunwoody
  • Fulton :: Alpharetta, Atlanta, Chattahoochee Hills, Johns Creek, Roswell, and Sandy Springs
  • Gwinnett :: Duluth, Lawrenceville, and Suwanee

Because taxes are calculated into your monthly mortgage payment – also known as the PITI (principal, interest, taxes, and insurance) – having a clear understanding of how much your annual tax bill is incredibly important. For instance, a $300,000 home in unincorporated Forsyth County with no exemptions has an estimated annual tax bill of $3,177 – where a $300,000 home in City of Decatur/DeKalb with no exemptions is $6,500 – a difference of over $3,300! Divide that out over 12 months of payments and you’re looking at an additional $275 per MONTH. Again, these are estimates, but you get my point….

Another thing to note is that your property taxes are a FANTASTIC write-off when it comes time for tax season… and yes, you heard that correctly – property taxes are a tax deductible tax (gotta love the government!). Additionally, there are a few common exemptions to lower your property taxes including Homestead Exemptions, Senior Exemptions, Veterans Exemptions, and Disability Exemptions. Visit your county’s local property tax website for more information on these as well as further information on your county’s millage rate, assessments and more.

Moral of the story :: When looking for homes be sure to take into consideration the property taxes and have a veteran agent on your side (like the amazing buyer specialist team at The Peters Company) to help you understand the full implications of the property taxes for where you live!

Written by Jennie Moshure, The Peters Company Lead Buyers Agent

Atlanta Neighborhood Spotlight :: Brookwood Hills

Tuesday, March 3rd, 2015

Dore's House

I live in a great historic, intown neighborhood called Brookwood Hills.  It is located off Peachtree Road across from Piedmont Hospital, just south of Buckhead.   It was founded in the 1920s by Benjamin Franklin Burdett and his son, Arthur. The neighborhood was the scene for many American Civil War Battles, and boasts a nature preserve.  

There are about 1,000 people living in Brookwood Hills and they are constantly renovating and updating their homes. The architecture ranges from tudor to Georgian to Colonial to Cape Cod.

Most of the streets have sidewalks on both sides and it is an active community for all ages. The oak-lined streets are one of the well-known distinctions of the neighborhood. The location is fabulous and convenient to area shopping and restaurants. Residents also enjoy the pool, tennis courts, clubhouse, and park.

Some of our famous residents, past and present, include Pat Conroy, Ed Helms (Andy from the tv show The Office), and Kathryn Stockett (author of The Help). 

If this neighborhood sounds like a place you want to explore, call The Peters Company and let us show you homes available in Brookwood Hills! 404-419-3619

Written by Dore Brooks, Buyer Specialist at The Peters Company

Showing Tips for Metro Atlanta Sellers

Tuesday, January 13th, 2015

Now that the spring market is quickly approaching, The Peters Company is taking on more and more listings. As the Listing Coordinator for our team, one of the most common questions I get when meeting with sellers is “what should I do during a showing?” I like to walk them step by step through the process and provide the following tips for making a showing go smoothly:

  • Turn on all lights.
  • Keep all curtains, blinds, and shutters open.
  • Remove pets if possible.
  • Keep the thermostat warm in the winter and cool in the summer.
  • Tidy up around the house. Be sure everything is in its place, beds are made, and trash is disposed of.
  • Make sure your property flyers are displayed in an easily accessible location.
  • Leave the house! Buyers are much more likely to take their time and really explore your home if you are not home. When sellers are present, buyers may get anxious and leave the home faster, not wanting to intrude; you want them to spend as much time as possible in the home. The first few minutes will be spent examining the house. It is after that time that the buyer will begin to imagine themselves there, and making a home there. When sellers are present, buyers often cut their visit short, missing the key time to make an emotional connection with your house!
  • If you happen to run into the buyer, “mum” is the word. Let your Realtor discuss price, terms, possession and other factors with the customer.  They are eminently qualified to bring negotiations to a favorable conclusion.

Remember, first impressions count! While you may not be able to do everything on the list, checking off as many items as possible is a sure way to have a great showing. A little work up front goes a long way in making the buyer feel as though they’ve just walked into their next home!

Written by Heather Thomas, The Peters Company’s Listing Coordinator

Spotlight on Atlantic Station

Wednesday, January 7th, 2015

Katelyn Atlantic StationSince I’m (Katelyn) a new resident of Atlanta, I’ve greatly enjoyed exploring the city. One area of town I’m happy I checked out is Atlantic Station. When was the last time you visited Atlantic Station? Not sure about it because of a previous bad experience or other bad reviews? I challenge you to give it another try. Lucky for you, there are some great events happening there in February!

2/1 Atlanta Jewish Film Festival

Now – 2/15 Ice skating at their outdoor rink

2/28 Beer, Bourbon, and BBQ Festival

None of those sound like your cup of tea? Don’t worry, Atlantic Station has many more things to offer! Need some cheap candy before seeing a movie at Regal Cinemas? Target or Publix have you covered! (Shhh! Don’t tell them I suggested that!) Work up an appetite while visiting The Bodies Exhibit? The Peters Co LOVES Rosa Mexicano! (Strip and Pig & The Pearl are also tasty!) Want to warm up after ice skating? Starbucks is right around the corner! Have a little too much fun and can’t make it home? Get a room at the Twelve Hotel.

With a slew of other conveniences (Nail salon, floral shop, LA Fitness, and dry cleaner) and parking being so easy (first 2 hours are free and they have charging stations for all you electric car drivers!) what are you waiting for? Atlantic Station is ready for you.

Written by Katelyn Sheffield, The Peters Company’s Transaction Coordinator and New Atlanta Resident

Just Listed :: Charming Ranch in Wakefield Forest!

Friday, December 19th, 2014

2611 Warwick Circle Flyer front2611 Warwick Circle Flyer back

 

Welcome home! Here you will find the location and value that you’ve been looking for. The charming character of this brick ranch will never go out of style. The close proximity to I-85, I-285, and Buford Highway makes this home convenient to and from any direction. Being in this popular area inside of the perimeter also means you can enjoy many nearby restaurants and shopping spots!

Features:

  • Great flowing floor plan and neutral colors.
  • Kitchen features ample cabinet space.
  • Spacious living room has tons of natural light from a large front window.
  • Gleaming hardwood floors throughout.
  • Separate dining room is ideal for entertaining.
  • Bedrooms are well-sized and bright.
  • Large deck is perfect for grilling out.
  • Four legged friends will enjoy the large, level backyard.
  • Fresh paint!
  • Carport a bonus for the area.

 

 

 

 

 

Just Listed :: Renovated Mid-Century Modern in Lavista Park!

Monday, November 3rd, 2014

1360 Lavista Road NE Flyer front

1360 Lavista Road NE Flyer back

 

Just what you’ve been looking for! This home nestled in Lavista Park is waiting for you! Originally built in 1950, this great home takes what’s old, restores it, and makes it so much better thanks to a recent renovation. Its flowing floor plan, custom features, and charming character will never go out of style. The close proximity to I-85, I-75, and GA400 makes it convenient to and from any direction. Being in this booming area of unincorporated Dekalb County also means you get to live as close to the city as you can without the     escalating tax bills associated with Fulton County and the City of Atlanta. You’ll enjoy being only minutes from many restaurants and shopping spots too!

Features:

  • Many thoughtful touches and custom features throughout.
  • Kitchen features new stainless steel appliances and convenient breakfast bar.
  • The separate dining room is perfect for entertaining.
  • A wall of windows pours sunlight into the large living room complete with wood burning fireplace and rustic rough cut mantle.
  • Master bedroom has spacious closet and an updated bath.
  • Additional bedrooms are well-sized and bright.
  • Built-ins in the hall and bathrooms provide plenty of   extra storage.
  • A huge backyard boasts a patio and out building with   power.
  • Deep lot with long driveway provides nice privacy.

 

Congrats, Barney and Ellen on your new home in Orchards of Roswell!

Monday, September 29th, 2014

Congratulations, Barney and Ellen on your fabulous new home in Orchards of Roswell! What a great home in a fantastic location! We are thrilled for you guys and look forward to helping you get your Marietta home sold this month!  We sincerely appreciate your daughter Robyn and son-in-law Josh referring us! What a treat to get to work with your entire family over the past few years! Thank you for your trust in us!

Congratulations, Haven REI! Your Telford Manor New Construction is now SOLD OUT!

Friday, September 26th, 2014

IMG_2941

What an exciting adventure it was to help Haven REI in the acquisition and sale at Brookhaven’s Telford Manor neighborhood! Over 2 years ago, talks began for Haven REI to purchase two lots in Brookhaven and subdivide them into 4 homes! We had the great pleasure of helping Haven sell these lovely homes. The last one at 2336 Coosawattee Drive in Brookhaven is officially SOLD! This gorgeous new construction home even featured a future option to build out the 3rd story attic into additional living space. The street scape has sure changed on Coosawattee and Telford thanks to Haven REI’s development of these new beautiful homes!

Just Listed :: Adorable Townhouse in Kennesaw!

Thursday, August 28th, 2014

1575 Ridenour Parkway #1111 Flyer front

1575 Ridenour Parkway #1111 Flyer back

Welcome home! Here you will find the location and value that you’ve been looking for. The charming character of this adorable townhouse will never go out of style. The close proximity to I-75 and I-575 makes it convenient to and from any direction. Being in this popular area of Kennesaw means you can enjoy many nearby restaurants and shopping spots too! Nature lovers will love being only minutes to Kennesaw Mountain!

Features:

  • Nice and open floor plan on the main level
  • Clean and bright kitchen features ample cabinet space and a walk-in pantry
  • Separate dining area is perfect for entertaining
  • Spacious living room opens to balcony with storage closet
  • Master bedroom features a trey ceiling, walk-in   closet, and bathroom with garden tub
  • Additional bedroom is well-sized
  • Laundry is conveniently located upstairs
  • One car garage a bonus
  • Plenty of storage throughout
  • Great community amenities include a pool, tennis courts, and gym facility

 

 

 

Congrats Jason and Shereen :: New Roswell Homeowners

Wednesday, August 20th, 2014

jasonshereenCongrats, Jason and Shereen on the purchase of your beautiful Roswell home. We know that you will enjoy the walkability to all that Downtown Roswell has to offer. Jason and Shereen navigated the corporate relocation process to land a great house for themselves, their daughter (and a baby one on the way!) in Roswell’s Stonegrove community. Congrats again – we hope you enjoy many happy years in your fabulous home!

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