With property values in much of the country up over 20% year-over-year and more and more catastrophic weather-related situations, real estate property taxes and homeowner’s insurance are likely to be significantly higher this year. If you are a homeowner and you escrow as part of your monthly payment for taxes and insurance, you receive an …
Property Taxes and Homeowners’ Insurance Increasing Read More »
According to recent data from Redfin, Atlanta Metro’s median monthly rent is currently $2,095. That’s $392 higher than the current median mortgage payment in Atlanta, which is $1,703 (*includes 5% down payment). Redfin’s Chief Economist, Daryl Fairweather, states, “Those who choose to rent may save money in expensive housing markets in the near term, but …
Buying A Home Is Still Cheaper Than Renting In Metro Atlanta Read More »
As you begin to consider purchasing a new home one of the first things you should do is get an idea of what “the numbers” will look like. Ultimately the 2 most important numbers will be (1) the monthly payment and (2) how much money you will need at closing, but there are a lot …
In our last newsletter, we mentioned that we had met a highly recommended individual who specializes in Property Tax Appeals. Below is a primer on how the process works. Each of the 159 county assessors’ offices in Georgia now automatically issue annual assessment notices to all parcel owners. This is typically done between April 1st …
PMI Deduction In 2020 If you obtain a new home loan with PMI (private mortgage insurance) in 2020 you might be able to deduct the cost of the insurance on your tax return. The rules are just as complicated as most other tax laws, so you should consult a CPA for guidance. What is PMI? …
