Julie Chapman Chapman Realty Homes Brunswick Georgia

There is still a 100% financing program available to buyers (first time or other) through USDA Rural Development. This loan program has no monthly mortgage insurance and has requires no down payment, cash contributions or cash reserves from the borrower.

If the borrower doesn't have a traditional credit history, non-traditional credit may be used - like landlord and utility payment references. There is no minimum credit score required on some USDA loans and the loans are 30 year fixed rate loans.

New homes in The Plantations starting from the $150,000's and new homes in the Cottages from the $130,000's are located in the USDA approved area of Glynn County. See a lender for more information on USDA loan or visit their website online at http://www.rurdev.usda.gov.

Golden Isles Blog

The Plantations At Golden Isles

Logan has a day out on Saint Simons Island over the Labor Day Weekend. Logan started by checking out a couple of the historical sites including the Saint Simons Island Lighthouse.

Next Logan decides to take a look at the water with the Saint Simons Island Pier in the background.

There is a playground at the Saint Simons Islad Pier, so a quick trip down the slide looks like fun to Logan.

You never know what you'll find on Saint Simons Island to do and see......Logan seems perplexed by this...

And of course, Logan can't go to Saint Simons without stepping out onto the sands of the beaches.

Logan is wondering what is this guy doing on the beach.....bikes pulled by large kites?

Well, it has been another fun and interesting day on Saint Simons and Logan is headed home for today but look forward to more days out with Logan.

Thanks Logan for all your hard work and Mom/Driver/Photographer Tiffany Graversen for all of her hard work.

There is so much newspaper and magazine print as well as television talk about Buyer's Markets and Seller's Markets but most Realtors don't take the time to educate the public on how the definitions are determined. The fundamental measure of market conditions is an absorption rate.

To define for the consumer an absorption rate, think of a method to use a mathematical equation to represent the relationship between supply and demand of property. The total available number of homes is divided by the number of homes sold in a certain period of time. My preference in reviewing absorption rates is on an annual basis. Therefore divide the number of homes sold in the last year in an area by 12 to calculate the number of homes sold in a month. Then take that particular area's current listings and divide by the number of homes that sold per month. This number should give you an idea of how many months it takes to sell a home in that particular area.

Average Market conditions are absorption rates of 5 - 6 months

Seller's Market conditions are absorption rates of 1 - 4 months

Buyer's Market conditions are absorption rates of 7 or more months

If you were to calculate the overall absorption rate of Glynn County, Georgia this number portrays very little as it applies to a specific home in Glynn County. (This is why news reporting around the country fails to explain that real estate is local even within the same city not national). If you want to calculate a value that is meaningful, then go to a specific subdivision or area.

To apply this usefully I used the Golden Isles Board of Realtor's statistics to perform a 12 months search of sales of 4 subdivisions solely to use as examples. Here are 4 examples:

Example Subdivision #1

3 homes for sale

8 homes sold in the last 12 months

Absorption: 4.47 months - rounds to Seller's market

Example Subdivision # 2

44 homes for sale

14 sold in last 12 months

Absorption: 37.6 months - Buyer's market

Example Subdivision #3

8 homes for sale

8 sold in last 12 months

Absorption rate: 12 months - Buyer's market

Example Subdivision #4

12 homes for sale

28 homes sold in last 12 months

Absorption rate: 5.15 months - average market condition

It appears from my research that Glynn County has average market conditions, buyer's market conditions and seller's market conditions - depending on where you wish to buy your home. Caution should be taken however - the absorption rate is not everything you need to determine the condition of a local market. Price, location, condition and specific market features (such as water frontage) are more likely to determine when a home sells rather than any other mathematical formula.

Due to the national news about market conditions, I believe buyers are misinformed about real estate in general. There is still a loan for everyone including those with less than perfect credit and with no money to put down. Find a Realtor and Lender that have both knowledge and compassion and will give you the support, information and the time you deserve when making the purchase of what is often the largest investment of your lifetime as well as the place you call home.

Homes Brunswick Georgia

Golden Isles Blog

Kindsouth Construction and Chapman Realty are pleased to announce the sale of another home in Majestic Oaks by The Chapman Realty Builder Team.

Kingsouth Construction represents the third generation of the Dostie Family building companies. Founded in 2004 by Christopher C. Dostie, the company strives for excellence and value in each and every home it skillfully builds.

Christopher Dostie is the founder and president of Kingsouth Construction. Most recently, Kingsouth built a successful 49-unit suburban office park on Jacksonville's Southside. A graduate of The Bolles School in Jacksonville and Auburn University, Christopher Dostie is the sixth Dostie family member to build a successful construction company. His grandfather, his father, his uncles and his brother are all successful builders. Not only have they built thousands of homes and communities in Northeast Florida, they have built the Dostie reputation and have become industry leaders.

Christopher subscribes to the original principles that have guided the Dostie companies for nearly 50 years: honesty, integrity and customer satisfaction. Christopher now proudly brings the Dostie tradition to Southeast Georgia offering a collection of new homes with cutting-edge interior designs and exciting exterior elevations.

For more information on Majestic Oaks, visit our website at http://www.juliechapman.com or call 1-877-221-0088.

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165 Gallery Way, Brunswick Georgia.....

Chapman Realty and Overholt Homes are pleased to announce another home SOLD by the Chapman Realty Builder Team.

Located on the 5th Fairway of the Coastal Pines Golf couse, these uniquely designed homes are crafted by Overholt Homes,LLC (building since 1969). Standard features include hardiboard siding copper seamed roof on front porches and bay windows, brick accents including brick pavers on porches and in driveways and sidewalks, white picket fences in front yards, fully landscaped lawn with sprinkler system, fireplace, hardwood and ceramic tile floor, owner's retreat with jetted tub with ceramic tile surround, ceramic walk-in showers, marble vanities, island kitchen with beautifuly crafted custom cabinets with granite or solid surface counters, stainless steel appliances, coffered ceiing in formal dining room, stained wood treads on stairs and a 5 year membership to Coastal Pines Golf.

Golden Isles Blog

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