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As the November 30 deadline for the expiration of the first-time homebuyer tax credit approaches, the availability of bargain properties is diminishing drastically.
Short-sales are probably out, as there is not enough time left to assure a purchase will occur by the cutoff date. HUD homes are allowing 45 days to close in our area, but if anything goes wrong you will not get to closing in time if you purchase this weekend.
The "best bet" right now is a motivated conventional seller, willing to negotiate fair terms and move "QUICKLY!" The buyer can get excellent terms and conditions, a market price, and have a good change of closing the property in time to garner the tax credit.
The next two weeks will be hectic. The time to act is NOW!
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We are having our busiest month of the year selling Coweta County real estate. So far, in the first week of October, we have closed more homes than the entire month of August. And there are plenty more scheduled to close this month.
There are few places in the country that offer such a high quality of life with such a low threshold of real estate pricing. The American dream is alive and affordable in Coweta County Georgia!
If you have been considering a move to the Southeaster United States, you are cordially invited to come and visit to see for yourself one of Atlanta's most charming bedroom communities!
And you might want to hurry ... before all of the bargains are gone for good!
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I got a call yesterday that started: "I would like to check the availability of your listing at..."
The only problem was, it wasn't my listing. I immediately realized that the caller had found the property on one of my IDX website and assumed it was my listing.
I politely asked "Are you an agent?" The caller said "no" but that they had an agent that was helping them and that he was just checking availability for him. Now, since there was already a listing agent and a buyer's agent already involved, I simply asked the caller to please have their agent call me and I would give him the information that he needed.
About an hour later, the same individual called again and said that he was at the house with his agent and that they needed the lockbox code to get in the door. At this point I asked him to put his agent on the phone and that I would speak to him.
Instead, he said that he would have his agent call me back. The agent called in thirty minutes and said that he checked on the MLS and realized that it wasn't my listing and it had been withdrawn and wanted to know if I knew anything about the property because his buyer was "at the house."
At that point, my suspicions were verified. The buyer did NOT have an agent present with him, he was doing his searching on his own but had an agent ready to write a contract when he found a house.I told the agent politely that he was "on his own" and thought that would be that!
Not so, About thirty minutes later the buyer called me again. He was desperate to buy this house and wanted to know why I couldn't help him. I explained that he indicated that he had an agent and that his agent was responsible to help him.
Now this gentlemen who was polite, sincere, and earnest sounded confused. I wonder why. Buyer's agency has been around for over twenty years. Everyone understands that when you want to sell a house, you hire an agent. But buyers still ignore the protocol when it come to purchasing a house.
In my 25+ years in the business, I have only a handful of calls that started" "hello, we are considering buying a house and we are interviewing buyer's agent's" And yet I get calls like that all the time from sellers.
The is no one to blame for this debacle except the real estate community at large. We have failed to educate the public about the importance of agency, and have instead succumbed to the willy-nilly demands from potential buyers in hope of making a deal.
It is our responsibility to protect the consumer by properly representing them. Anything less is unacceptable.
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To explore the outdoors in Coweta County you can hit the trail, tour gardens, or hit the parks. And very soon you will be enjoying the Chattahoochee Bend State Park. Greg Wright, president of the Coweta County Development Authority says that "this park is going to help showcase the great quality of life we have in this community".
You can also Explore the Outdoors in Arbor Springs Plantation. This community boasts the great quality of life with the Coweta Club, an 18 hole championship golf course, located right in the center of activity. You can also enjoy the sidewalks and winding nature trails. Residents can walk to the play park to picnic at the shoreline of the lake.
The month of October is a great time to explore the outdoors. Arbor Springs Plantation...Life, Resort Style.
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After the record breaking floods in the Atlanta area over the past few weeks, we are still discovering some unpleasant after-effects of the disaster.
We are having some closings delays as appraisers for some lenders are being asked tp re-evaluate potential damage from floods and excessive rain and also are analyzing the potential risk for future flooding.
And as you can imagine, the appraisers are already burdened with all of the activity already in progress due to the expiration of the $8000 first time homeowner's tax credit. This new issue of re-inspection could add delays across the board.
It's just another chapter in the continuing saga of Coweta County real estate!
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