Turn this home's potential into your buyer's Dream Home - Kevin J. Miller

"Turn this home's potential into your buyer's Dream Home"

or " Look past the Ugly"





Kevin J. Miller, Renovation Specialist
Home Services Lending

 When a home cannot be financed due to any health, safety or structural issues, think renovation financing. Anytime a home lacks updated kitchens, baths, lighting, flooring or size, think renovation financing. 

On July 27th, 2011, Kevin J. Miller, Renovation Specialist with Home Services Lending presented information regarding the three major types of loans available for buyers of homes that need renovations.   These loans are:

1. FHA 203K Streamline Loan  -  used for cosmetic repairs (such as paint) or replacing a missing air conditioner  or appliances or mold remediation. Maximum is $35,000 in repairs.   No minimum repair costs for this loan.  FHA loans that programs require only 3.5% down payment and loan amount up to FHA county loan limits.
2. FHA 203K Full -  more involved repairs like replacing a kitchen and bathroom or a whole list of items.  You actually have a HUD inspection with this loan.  The HUD consultant will review licensed contractor repair bids with purchaser.  There is a minimum repairs of at least $5,000 on this loan.   No repairs can be done until after closing.    FHA loans that programs require only 3.5% down payment and loan amount up to FHA county loan limits. 
3. Fannie Mae Homestyle - used when you need more improvements that the FHA 203K Full will allow.   This program requires as little as 5% down payment for primary residence and is also eligible for 2nd home and investment properties with only 20% down payment. Loan amounts go up to 417K, and 75% of after improved value can be used for repairs and renovation.

On all 3 loans Appraisals are based off of after improved value from repairs and upgrades. No repairs can start on any programs until after closing. The Fannie Mae Homestyle and FHA 203K full can both have the same type of repairs and upgrades; however, the Fannie has higher loan limit, it is eligible for Non owner occupied, and does not require a HUD consultant.



Lunch N Learn with Kevin J. Miller, Renovation Specialist
at Harry Norman Realtors, North Fulton Office

 For more information on these types of loans, go to http://www.renovationloanfinancing.com/. 

Living Life in the Kitchen

For most families, the kitchen is the heart of the home. It’s where homework gets done, meals are prepared and often eaten, where TV is watched and party guests congregate no matter how many times you try to lure them to other rooms.

Great article by Felicia Feaster for the Atlanta Journal Constitution:  http://www.ajchomefinder.com/home-decor/975535.html

Enlarge photo

Also, check out these amazing kitchens:  Photos: Check out these amazing kitchens

The Atlanta dream kitchen of 2011, which can run from $30,000 to $150,000, is a multipurpose hub.

ABWA Crabapple Picnic July, 2011

 Heather Herrig, our current  American Business Women's Association President, hosted the Summer picnic at her residence.   We enjoyed wonderful salads, desserts, and friendship.   Our "Secret Sisters" were revealed too.   Our next meeting is scheduled for August 9th, 2011.   For more information, contact me at pam.santoro@harrynorman.com.

Deanna Schuelke, Linda Topp, Celia Dutcher, Tina Ojakian
ABWA Crabapple Chapter Summer Picnic

Joe & Heather Herrig & Linda Topp
ABWA Crapabble Chapter Summer Picnic

Steve Topp, William Schuelke, Heather & Joe Herrig
ABWA Crabapple Chapter Summer Picnic

Reid & Debbie Huckeba, Steve Topp & William Schuelke
ABWA Crapabble Chapter Summer Picnic

Steve Topp, Joe Herrig & William Schuelke
ABWA Crabapple Chapter Summer Picnic

Heather Herrig, Sherrin Thomas,  & Sharon Steidle
ABWA Crabapple Chapter Summer Picnic

Celia Dutcher, Tina Ojakian,  & Pam Santoro
ABWA Crabapple Chapter Summer Picnic

Creekside Estates & Creekside in Forsyth County

Estates at Creekside in Forsyth County

Estates at Creekside

Clubhouse for the Estates at Creekside and Creekside

Pool for the Estates at Creekside and Creekside

Looking for homes priced from $300,000 to $450,000 in a swim and tennis community in Forsyth County, check out the Creekside Subdivision and Creekside Estates Subdivision.   John Wieland Homes built these three side brick homes with two to three car garages.  You will find gourmet kitchens and finished terrace levels too. They range in size from 3,200 square feet   to 4,500 square feet with four or more bedrooms.   Wonderful amenities include a clubhouse, active HOA, swimming pool, lighted tennis courts, playground and underground utilities.    

Clubhouse and pool for the Creekside Subdivision and Estates at Creekside.

Creekside and Estates at Creekside Subdivision

Creekside in Forsyth County

Homes for sale in the Creekside Subdivision.   Homes for Sale in the Estates at Creekside.  

Search homes for sale by Subdivision. 

If you'd like more information about these homes or a specific subdivision, contact me at pam.santoro@harrynorman.com. 

Foreclosures settle in below 10,000 monthly - AJC

Great article by Christopher Quinn, of the Atlanta Journal-Constitution, discussing lenders filling fewer than 10,000 foreclosure notices on homes and businesses per month for four straight months in metro Atlanta.  This is the first time in more than two years the number has stayed that low for that long, numbers from Equity Depot show.  Read more at:  http://www.ajc.com/business/foreclosures-settle-in-below-1010835.html

 

Nesbit Lakes Subdivision

Looking for a wonderful place to live?   Do you want great amenities?   Think Nesbit Lakes.  Nesbit Lakes Subdivision is a swim and tennis community with a picnic area, playground area, lake, and clubhouse and basketball court.  Executive homes in this neighborhood range from the low $300’s to $700K with styles from traditional to contemporary in brick, hardy plank or stucco from 3,000 to 4,200 square feet.  Most homes have four to six bedrooms with three to five full baths with an average lot size around half acre.  The North Point Mall, Newtown Park and the Alpharetta Greenway are a 10 to 15 minute drive.  Krogers, Publix and Starbucks are just down the street.  Also, you have top notch North Fulton schools.

Nesbit Lakes Subdivision Clubhouse

Nesbit Lakes Subdivision Pool & Clubhouse

Nesbit Lakes Subdivision Picnic Area & Playground

Nesbit Lakes Subdivision Playground

Nesbit Lakes Subdivision Pavilion and Tennis Courts

Nesbit Lakes Subdivision Pool

Nesbit Lakes Subdivision Tennis Courts

Explore the homes for sale in the Nesbit Lakes Subdivision.

$12.2 billion transportation projects list released - AJC 7/7/11

On Thursday afternoon, the Atlanta Regional Commission handed over its "first pass" at cuts to the 10-county region's $22.9 billion transportation wish list in preparation for next summer's referendum on a penny sales tax.  Transporation is important for our cities growth,.  Read the entire Atlanta Journal Constitution article:  http://www.ajc.com/news/georgia-politics-elections/12-2-billion-transportation-1003999.html