Here is our August 13th, 2021 Email Update about Real Estate in Northwest Atlanta It may not be likely but there has been a lot of talk recently about Congress modifying or eliminating tax-deferred 1031 Exchanges. Currently, a 1031 exchange allows investor owners to defer paying taxes with they purchase a new investment. For our layman’s version of how a 1031 Exchange works click here. If 1031 Exchanges are eliminated there is another option called a Delaware Statutory Trust (DST.) … [Read more...]
The Best Use of Time (and Money) When It Comes to Renovations
In the current sellers’ market, many homeowners wonder what, if anything, needs to be remodeled before they list their house. That’s where a trusted real estate professional comes in. They can help you think through today’s market conditions and how they impact what you should – and shouldn’t – renovate before selling. Here are some considerations a professional will guide you through: 1. With current supply challenges, buyers may be willing to take on projects of their own. A more balanced … [Read more...]
Are Houses Less Affordable Than They Were in Past Decades?
There are many headlines about how housing affordability is declining. The headlines are correct: it’s less affordable to purchase a home today than it was a year ago. However, it’s important to give this trend context. Is it less expensive to buy a house today than it was in 2005? What about 1995? What happens if we go all the way back to 1985? Or even 1975? Obviously, the price of a home has appreciated dramatically over the last 45 years. So have the prices of milk, bread, and just about … [Read more...]
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