Warner Robins Real Estate (Byron, Avera: for sale, loan, buying a home)

[johncobb]

Warner Robins GA Real Estate is currently a Buyers Market

What does this mean?

An over abundance of inventory in New Construction homes in the Warner Robin's area has given buyers a greater number of homes to choose from throughout Houston County with various price ranges. Buyers are also taking a little longer to narrow down their selection before purchasing. Negative news media regarding Real Estate trends is also making homebuyer's more cautious about buying. Some states such as California and Florida have had major Real Estate problems, while Georgia's housing market remains strong. Between the large inventories of homes in Warner Robins, buyers being more selective, and negative news media; there is now for the first time in 12 years a buyers market in Warner Robins Georgia. Interest rates have also recently dropped the lowest they have been in over 5 years, making this a great time to buy a home.

Conclusions

1. Sellers that price their homes correctly and in-line with their competition are selling quickly, and getting close to their asking price, while overpriced homes rarely receive any offers. 2. New Construction - Builders are more flexible on extras and helping with closing costs 3. Resale Homes - Sellers should have a market analysis of their home to determine the best price, have their home looking great, and in good repair before putting the home on the market. They should also be prepared to help with buyer's closing costs. 4. It is even more important to use a qualified Real Estate Professional now, more than ever. Buyers can use a Realtor to help narrow down their search, and avoid buying an overpriced home, and Seller's will need Realtor marketing skills and resources to help sell their home. 5. Buying a home in a buyers market while interest rates are low is a great way to purchase more home with a lower monthly payment.

[PotterGeek]

Warner Robins and surrounding areas have been in a buyer's market for quite a while. We begin interviewing real estate agents this weekend as we will relist our house in Byron near March. I have two interviews lined up this weekend.

However, even if a property is priced right, or even below, there still are very, very few qualified buyers out there. So even priced right properties will sit for a while because of the high inventory. You will pretty much have to a) price home at a steal (and still expect to be lowballed), or b) have the absolute best house in the absolute best school district.
Buyers don't have to settle right now.

[Looking For a Home]

Leavingbyron,

Totally agree with your comments, the housing market is weak throughout GA. Augusta is having some of the same problems: high inventory, declining prices, very few qualified buyers and a very uncertain outlook for the future of the housing market (it may take 2-3 years before we have any true appreciation in home values).

The real estate professionals do their best to mask these problems and are encouraging buyers to get in the market now! I wonder if the same real estate professionals will be there with their checkbooks at the closing table when these current buyers try to sell these properties at a loss in the future?

Your last statement is 'right on the money'. I wish you all the best on selling your home. Maybe you can meet someone on this board that will be interested in your property, so you can by-pass an agent.

Good Luck!

[MayorOfMacon2019]

Its still a great place to buy a house without a question of the doubt.

[Peelo]

This is the deal as I see it....

Houston county has had too many "mediocre" builders for too long. The price per SF has been through the roof for awhile now, making builders alot of money.Actually, what is happening now is the market is somewhat correcting itself. Builders are getting what the homes are actually worth. With the new Georgia law requiring certification, you will see alot of these guys moving on. Alot of these builders went nuts and built like crazy!! I know one builder who has 19 spec homes sitting...that is stupid and the bank that loaned him the money should be prosecuted.......BUT, for the smart builders, they just built bigger and better homes. The higher end homes arent having NEAR the problem selling that mid line and lower end homes are. For instance, a good friend of mine built a 1 plus million dollar spec home in Waddeson subdivision and had 4 offers on it before the sheetrock was sanded!!!

Hang tough...it will turn around. Good luck selling. My advice would be to check some webboards and put the home on sites for Floridians. Alot of my higher end flips have been sold to Floridians. They get more house for the money up here.
Once again, good luck.

[johncobb]

From what I've seen: Houses below $300,000 there are a lot of buyers looking, but they are taking their time and picking the better priced, well taken care of homes. The overpriced homes are ones that need work such as wallpaper, painting, small repairs they move on to one thats ready to move in and priced correctly. Average time on market is 3-4 months. Homes over $300,000 there is not as many buyers, it may take longer to sell, but the same rules apply. Price, condition, and advertising will get you the best price in the shortest amount of time. Don't underprice your home - there are MANY buyers in the market right now - its a great time to sell; just ask your realtors what their marketing plan and strategy is and where they will be advertising your home - compare one marketing plan directly to the next, don't just look at price. Find out what recently homes have sold for, find out what the active competition is, and get all the information before making a decision. Don't price you home low - price it right! Beat out the competition with quality home, quality advertising. Its a matter of numbers - the more people you get into the home, the higher chance of getting the price you deserve!

[johncobb]

I agree that there are a lot of mediocre builders but there are also some really good builders. Even good builders don't always put many extras in their in order save on costs. Some builders put the extras in their homes in order to have their homes stand out amongst all the competition. New construction competition is very high - there are many buyers, but there are just so many homes for sale that it created a buyer's market. I heard they keep pushing back the date of when they are going to start enforcing the builder certification. I thought it was supposed to start Jan 07 and then Jan 08.....