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Old 10-01-2007, 06:31 AM
 
8 posts, read 38,832 times
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Realtors? Investors? Homeowners? Hows the market in GA right now? On average, how long does it take for a house to sell? Are the prices going down steadily? Holding their own? Whats selling better-new construction or resale? Are certain areas holding their value better than others? Have heard that you can buy a house in a certain area and then be redistricted for schools-is that true? Any protection against that? Thanks-just trying to get a feel for what is going on in GA.
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Old 10-01-2007, 06:43 AM
 
Location: Atlanta
314 posts, read 1,277,966 times
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Good question, I would like to add if I may, how is the realestate market ITP compared to OTP? Are there deals to be had in nice areas ITP?

Thx, sorry to hijack your question...
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Old 10-01-2007, 11:36 AM
 
1,145 posts, read 4,213,408 times
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There are huge deals going on with new construction. We are in the market to buy and have visited quite a few new communities (both ITP and OTP). Every builder we encountered is offering $20-35k off new construction, and you might be able to negotiate even more if you're a flexible buyer (excellent credit, quick closing, no contingencies).

Haven't heard much about the resale market, but I assume there haven't been many drops, since owners don't want to lose money on the sale. Builders can handle big drops and still turn a profit.
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Old 10-01-2007, 09:21 PM
 
Location: Grayson
65 posts, read 216,027 times
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I am an investor and a REALTOR. The market in Georgia is steady. It is not the same as other states. Homes are still appreciating here, though the market is slow and people are selling lower to move faster. Houses ove 400K seem to move good because people buying this type of housing have money. Homes that have 4 or 5 bedrooms with 2 to 3 baths are moving well. Average time to sell in the county where I live is 129 days, but in my subdivision it is 46 days. The investor market is great and going to get better over the next 6 to 12 months because of foreclosures and housing inventories are out growing buyers. It is truely a buyers market. New homes are sitting and there are some tremendous incentive packages being offered. The Atlanta area is overbuilt now and has an 8 month supply of inventory. Intrerest rates are at an all time low and buying is great now. FHA is offering some great 1st time homebuyer packages. You hear a lot of bad on TV, but the market goes in up and down cycles. It will adjust again and go the other way soon. The interest rates will go up which will push it back the other way. Let me know if I can help you in any way...Bill

Last edited by BillWagner; 10-01-2007 at 09:22 PM.. Reason: spelling
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Old 10-02-2007, 12:30 PM
 
Location: Atlanta, GA
273 posts, read 1,755,424 times
Reputation: 99
Not a realtor or investor, but I'll give my opinion anyway

I don't think we have experienced any huge drops. The market seems to have dropped a little in some areas, and risen a little in some other areas. No crazy swings either way. What you pay depends on the desireability of the area more than anything else.

Yes, you can move into a school district and then be re-assigned to another school within that district. The reason that happens is because so many people move into an area and then they have to build a new school or shift kids around because of overcrowding. That can happen anywhere. It seems to happen a lot here because we have a lot of growth, but along with growth comes a good economy, jobs, new shops and services to support the growth.
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