Who would have thought of Atlanta as a place that someone would want to retire to. But in the last two years I’ve been working with people coming from California, Arizona and Florida who are finding Atlanta as a great place to retire. Most are impressed with the type of home that they can buy in the outer suburbs such as Forsyth county. They don’t have to commute so the traffic isn’t a big deal. There are some really nice golf club communities and the Mall of Georgia and North Point Mall are pretty close by.
The biggest incentive is the low property taxes. In Forsyth county, you don’t pay school taxes if you are over 65 years of age. That is huge. A $700,000 home would have property taxes of less than $1000 per year! (Forsyth tax faqs)
I was working with a couple from Florida where taxes for a $700,000 are $15,000 and home insurance was an additional $15,000/year. They couldn’t believe how cheap it was going to be for them in Forsyth county.
Cobb county also has a great tax break for seniors.
What's happening in the Atlanta real estate market? I'll tell you my humble opinion on things going on in my small part of the world. I'll let you know details about the subdivisions that I specialize in and details about the really nice homes that come on the market.
