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STUNNING LAKE LANIER HOME IN BEAUTIFUL LAKE COMMUNITY

by Jay Hufnagel

 

This Gorgeous Lake Lanier 4 Bedroom and 3.5 Bath Home at 7475 Kingfisher Lane in Dawsonville, Georgia is located in Lakes Edge Subdivision. Located just minutes from Hwy 400, this beautiful Lake Lanier Home has everything you’re looking for - Huge Great Room with Fireplace, Formal Dining Room, Huge Kitchen with Breakfast Bar and Area, and a Keeping Room with Stone Fireplace. You’ll love the large Master Bedroom (on the Main Floor) with Sitting Area that overlooks the big Private Back Yard that borders the US Army Corps of Engineers property of Lake Lanier. The Master Bath Suite includes a Double Vanity, Garden Tub and Separate Walk-in Marble Shower. The unfinished Basement is huge and just waiting to be transformed into a Showcase Terrace Level with two more Bedrooms, Full Bath, Media Room, Bonus Room and Entertainment Area.

All of this and you’re just a 2 minute walk to a Community Multi-Slip, Party Deck, Dock in Deep Water of Lake Lanier. Invite your Family and Friends to enjoy your Beautiful Home and the Quality of Lake Living.

Other Key Features and Upgrades in this Beautiful Lake Lanier Home include: Room for Large Swimming Pool in Backyard, 13 feet Ceilings in Basement, Upgraded Marble Baths throughout home, Granite Countertops in Kitchen and Baths, Extended Wrap around Deck, Fireplaces have Floor to Ceiling Stone Treatment, Hardwood Floors throughout Home (Upstairs and Downstairs), Tank less Water Heater, Gourmet Kitchen with Stainless Steel Commercial Appliances, Wolf six (6) Burner Stove, Bosch Front Load Laundry Appliances, Extra Windows in Keeping Room, Wall of Windows in Great Room, Granite Buffet Shelf in Dining Room, Iron Railings and Cat Walk, Iron Railings on Deck and Decorative Columns, Extra Canned Lights, Stone Steps to Backyard, Surround Sound Wiring and Custom Walk-in California Closets.

              Virtual Tour of this Beautiful Lake Lanier Home

If you're looking for Lake Lanier Real Estate don't miss seeing this home.

Contact Jay Hufnagel, Keller Williams Realty, www.SayJayLakeandHome.com , sayjay@bellsouth.net , 770-757-2799.

SHORT SALES TO BE HOT ITEM THIS YEAR

by Jay Hufnagel

First, I’ll try to explain what a short sale is. A short sale happens when the net proceeds from the sale of a property are not enough to cover a seller’s mortgage and closing costs (such as real estate commissions, property and misc. taxes, etc.). Plus the seller is unable or unwilling to cover the difference. In many cases, the lender agrees to accept less than the total amount due and will release or satisfy the mortgage and the note. The words Preforeclosure or Pre-Foreclosure sales are sometimes used in place of a short sale.  

The cause for a short sale can be due to a variety of reasons. Property owners (Mortgagors) may be in default on their mortgage due to employment issues, divorce, medical challenges, death, unexpected debt and other hardships. Some may have bought at the top of the real estate market and now find themselves “upside down” on their mortgage. Others may have drained equity out of their property through refinancing. In any case, they find themselves unable to make their payments and faced potential foreclosure. 

One of the key requirements in buying a short sale is having patience. Many potential home buyers find that short sale listings take forever and never close. Many Real Estate Agents, experienced in listing or assisting in the buying of short sales, question whether it’s really worth the time. That may change.

Recently, there was a great article in the January 31, 2010, AJC homefinder section of The Atlanta Journal-Constitution (AJC) by John Adams, “Big News on Short Sales”. John talks about a new rule that is going into effect in April that will force many of the big lenders to respond to short sales within 10 business days of getting an offer. This new rule will solve one of the biggest challenges that face buyers wanting to buy a short sale. Today, many buyers wait weeks and months to hear back whether a loan servicer (lender) has accepted or countered their offer. It also affects the property owner which in many cases face foreclosure before the deal is accepted.

Shown below is a great video talking about Short Sales and explaining the new rules going into effect in April, 2010.

   WILL FEDERAL GUIDELINES SPEED SHORT SALES?

                                   Realtor TV

So, expect to see big changes in the amount of interest in buying short sales this year. At a recent seminar by the Law Firm of O’Kelley & Sorohan, Joe O’Kelley Jr stated that we can expect the distressed property challenge to continue for at least another two years. Currently, close to 50% of homes sold are distressed. That’s bad news for many home owners, but great news for home buyers and investors.

 

By Jay Hufnagel, Keller Williams Realty, sayjay@bellsouth.net , 770-757-2799, www.SayJayLakeandHome.com

ARE YOU READY FOR TAX TIME?

by Jay Hufnagel

Did you buy or sell Real Estate in 2009? If you did, or planning to buy or sell in 2010 you may want to read Grant Ballew’s message below and his "10 Big Deductions too many people miss" article (email me sayjay@bellsouth.net  to receive a copy of this). Grant is a Senior Mortgage Consultant from WR Starkey Mortgage. Here’s a note that I received from him this afternoon.

I hope this email finds you doing well. I can’t believe that we are already in February. I am fortunate to be in the business I am, I love what I do! Please take a couple minutes to read this email.

Most people have heard about the $8000 tax credit for first time home buyers, but did you know you may qualify for an extra tax deduction after your refinance? People who refinanced in 2009 may qualify for a special deduction of thousands of dollars.

If you do your own taxes, you may want to review IRS Publication 936. Or ask your tax person about prepaid finance charge deductions. To calculate this deduction you will need the HUD and the Truth In Lending Statement from the loan we paid off at your closing, so bring those documents with you to meet with your tax professional.

Another important deduction to keep in mind is the federal deduction you get for paying state and local taxes. For many borrowers, this can include the intangible tax you paid on your recent mortgage, last year’s state income tax, and the ad valorem tax you paid for your automobile.

Your financial well being is important to me, so always seek personal tax advice from a professional. 

Grant Ballew

By Jay Hufnagel, Keller Williams Realty, Lake and Home Group, www.SayJayLakeandHome.com , 770-757-2799

Displaying blog entries 1-3 of 3

Contact Information

Lake and Home Group
Keller Williams Realty
4878 Manhattan Dr.
Buford GA 30518
GA: 770-757-2799
SC: 864-287-7530
Fax: 770-504-5509