http://soldonroswell.com Just another WordPress weblog Thu, 17 Jul 2008 22:11:07 +0000 http://backend.userland.com/rss092 en In December of 2007 I purchased my first house, which was also a foreclosure.  Per the advice of my Realtor, Brenda Richterkessing, I purchased a home warranty which was paid for by the seller at closing.  Since the property was a foreclosure and had some older home systems (outdoor AC unit, furnace, refridgerator, ... http://soldonroswell.com/2008/07/15/home-warranties-are-great-for-first-time-home-buyers/ The housing crisis has moved up the economic ladder with Olde Taylor Farms a luxury subdivision in Johns Creek going bust.  Harrison Design Associates, the developers of Olde Taylor Farms in Johns Creek, with homes priced from $1.6 million to more than $3 million, filed for Chapter 11 bankruptcy protection July 1. Olde ... http://soldonroswell.com/2008/07/11/olde-taylor-farms-estate-community-in-johns-creek-files-bankruptcy/ I am originally from a suburb of Chicago and have lived in the Atlanta area for a little over a year and a half.  I have always made comments about the poor driving of Georgians and their apparent disrespect for traffic laws as well as others (if you miss your ... http://soldonroswell.com/2008/07/09/results-are-inatlanta-drivers-among-the-worst/ According to a report published by the Office of Federal Housing Enterprise Oversight, Georgia ranked number 24 for percent change in house prices from the year before.  The state increased at 2.55% in 2007 than in 2006.  The top three states (in order) were; Utah (9.27), Wyoming (8.27), and North ... http://soldonroswell.com/2008/06/24/state-of-georgia-ranked-24-for-house-appreciation-in-2007/ Show your patriotism by celebrating our Country's Independence Day in Roswell with entertainmnet and a breathtaking fireworks display.  This year's 4th of July Fireworks Extravaganza will take place at Roswell High School. The activities begin at 4:30pm with Clark King (Teen Roswell Rocks 2007 Winners), then the band, Wichita, performs at ... http://soldonroswell.com/2008/06/19/fourth-of-july-in-roswell/ I came across a great post about drive-in movie theaters providing a great place for summer fun.  I couldn't agree more, though I haven't been to one in years.  The past two weeks I have attended Screen on the Green at Centennial Olympic Park (closest thing to a drive-in) and ... http://soldonroswell.com/2008/06/18/drive-in-movie-theater-in-atlanta-ga/ There are several factors that indicate that home buying will be increasing which in turn will help fuel a recovery of the housing market. The National Apartment Association recently conducted an online poll in which results showed 17 percent of renters plan to purchase their first home within the next year; ... http://soldonroswell.com/2008/06/18/the-beginning-of-the-end-of-super-low-mortgage-rates/ Weatherford Place in Roswell, GA is named after Louis Weatherford, who originally owned the property.  Mr. Weatherford was a gardner and farmer who used to recycle the seeds from the vegetables, flowers, and fruit he grew.  Following in this tradition the homes that will be built on the land will ... http://soldonroswell.com/2008/06/17/weatherford-place/ If you are like most of my clients, then you are probably asking these same questions. I thought it might make sense to share the dialogue between a client of mine that might help answer these questions. Dialogue below. Client: Do you think the house prices will continue to drop? Should ... http://soldonroswell.com/2008/06/13/will-house-prices-continue-to-drop-is-it-safer-to-rent-and-buy-next-spring/ LTV stands for Loan To Value, and it reflects the percentage of a sales price that is borrowed by a borrower. For example, if a program allows for an LTV of 95%, and the sales price is $100,000... the borrower may borrow up to $95,000. FHA is a great program ... http://soldonroswell.com/2008/06/13/in-real-estate-what-does-ltv-stand-for/