Saturday, March 14, 2009

Lofts Show Off Tornado Renovation


ATLANTA -- The tornado that hit downtown Atlanta one year ago did a lot of damage to the lofts at the old Fulton Cotton Mill, but today the lofts, known as The Stacks, are back.
This weekend, the doors of The Stacks will be open for a special open house.


"It takes a lot of time to put something like that back together," said Tom Aderhold, president of Aderhold Properties and owner of The Stacks. He appeared on 11 Alive News Saturday Today.


"The damage was bad enough that everyone had to leave for quite some time," he said. "We had between 700 and 800 people, and they had to find somewhere else to live for several weeks."


One resident suffered minor injuries. A dog that was missing was discovered by firefighters days later. He was unharmed.


Everyone has since returned, and now The Stacks is ready to show off some newly-renovated lofts that are on the market.


Saturday's Open House runs from 10 a.m. to 5 p.m. On Sunday, it runs from 1 p.m. to 5 p.m. at 170 Boulevard Avenue, SE. For more information, call 404-588-2728 or log onto http://www.stackslofts.com/.


The property was originally the Fulton Bag & Cotton Mill which was built in 1881 and was one of Georgia's most successful late 19th century textile mills.
In 1999, it was the scene of a dramatic rescue of a crane operator by an Atlanta firefighter during a raging fire.


The Stacks is a Federal Housing Administration (FHA) approved property, which means homebuyers to take advantage of a 3.5% down payment.


Additionally, the First-Time Home Buyers Tax Credit included in the American Recovery and Reinvestment Act of 2009 makes an $8,000 tax credit available to first-time home buyers for the purchase of a principal residence until December 1, 2009.

Thursday, March 12, 2009

2 bedroom/2 bath condo- Piedmont Crest






Beautiful corner home that sits right on Piedmont Park.10' ceilings, heavy moldings, granite, stainless steel appliances, 2 master suites with large walk-ins, 2 parking spces. Walk to all that Midtown has to offer! This is your chance to get an AMAZING deal & live on the park!!

Priced at $445,000

To view this spectacular park side condo, call me today. (404) 285-9738.

Monday, March 9, 2009

FEATURED LISTING- The Stacks Lofts! Cabbagetown




Two Bedroom/Two Bath Multi-level LOFT! $239,900

The Stacks at Fulton Cotton Mill
170 Boulevard Ave. SE, E201
Atlanta, GA 30312

Corner 2 bedroom multilevel loft with soaring 25' ceilings, concrete floors, industrial windows with skyline & green space views, spectacular finishes in kitchen & bath, & flat screen TV in master bath. Enjoy pool, fitness, controlled access property, assigned parking space included. FHA APPROVED! HOA monthly fees $258.

Call me today for a private/personalized tour! (404) 285-9738.

How Big of a Mortgage Can I Afford?


Not only does owning a home give you a haven for yourself and your family, it also makes great financial sense because of the tax benefits — which you can’t take advantage of when paying rent.


The following calculation assumes a 28 percent income tax bracket. If your bracket is higher, your savings will be, too. Based on your current rent, use this calculation to figure out how much mortgage you can afford.


Rent: _________________________Multiplier: x 1.32Mortgage payment: _________________________


Because of tax deductions, you can make a mortgage payment — including taxes and insurance — that is approximately one-third larger than your current rent payment and end up with the same amount of income.

Sunday, March 8, 2009

Lender Checklist: What You Need for a Mortgage



*W-2 forms — or business tax return forms if you're self-employed — for the last two or three years for everyperson signing the loan.
*Copies of at least one pay stub for each person signing the loan.
*Account numbers of all your credit cards and the amounts for any outstanding balances.
*Copies of two to four months of bank or credit union statements for both checking and savingsaccounts.
*Lender, loan number, and amount owed on other installment loans, such as student loans andcar loans.
*Addresses where you’ve lived for the last five to seven years, with names of landlords if appropriate.
*Copies of brokerage account statements for two to four months, as well as a list of any other major assets ofvalue, such as a boat, RV, or stocks or bonds not held in a brokerage account.
*Copies of your most recent 401(k) or other retirement account statement.
*Documentation to verify additional income, such as child support or a pension.
*Copies of personal tax forms for the last two to three years.