Newnan, GA

After several years of economic corrections, the Newnan Georgia real estate market seems to be gaining some momentum.

And a lot of the increased activity is coming from outside the county and even more from outside the state of Georgia. Many transferees that are heading for the Atlanta metropolitan region have heard about Coweta County and the tremendous real estate values there!

As a result, the inventory available in July 2010 is about half the number of homes that were available just one year ago. And diminished supply and steady demand is tending to stabilize prices.

But even in the heyday of expansion, Coweta County homes were considered to be bargains. That is truer now more than ever!

If you are considering a move to the Atlanta area, be sure to spend at least a day in Coweta County. You’ll find the combination of low prices and excellent amenities to be almost irresistible!

In our area of Newnan Georgia, we have a lot of distressed properties for sale. And the savvy buyer has an excellent opportunity to acquire a good house at a great price.

There are, however, some buyers that insist on getting exactly what they want at exactly the price that they want to pay. And since that combination of value and fulfillment rarely exists, the endless pursuit for perfection goes on and on.

We have even had some buyers throw up their hands and quit the search. Several of them had even made some offers that were accepted and they backed out during the diligence period.

And every one of these forsaken contracts was such great a deal that they were instantly snagged by another anxious, albeit less cautious, buyer.

Compromise is the key when one is searching for true value. And many, many times, the prudent buyer can really give up a little and gain a lot.

As long as they are willing to expand their focus and see the big picture!

Most economists agree that recent rashes of government spending will ultimately lead to significant inflation. The constant infusion of cash that is intended as a short-term solution will eventually have a long-term effect on the value of a dollar.

One of the best hedges against this expected phenomenon is the purchase of a home during one of the best buyer’s markets in history. With low, low property prices and record low fixed interest rates, there has never been a better time to buy a home.

But if one takes into consideration the fact that a mortgage may be repaid with inflated dollars, the deal only gets better and better. By fixing housing expenses now in terms of the 2010 dollar of today, home buyers will be immune from contrary inflationary economic forces for as long as they own their property.

It’s a tremendous way to protect wealth and to meet your housing needs for decades to come.

Regulation “Z” has been around for a long time. The name is a little misleading, because it is not a single rule, but an entire section of code that stipulates required disclosures when offering credit to a borrowing consumer.

And although the law has been revised many times, (the latest changes went into effect July 1, 2010.) some of the very basic tenets that apply to real estate advertising still exist.

Simply stated, there are still certain “trigger” words, that when used in advertising, require complete disclosure of all of the terms of the loan. These trigger terms include:

1) The amount or percentage of any downpayment.
2) The number of payments or period of repayment.
3) The amount of any payment.
4) The amount of any finance charge.

If any of these words are used in any form of advertising, complete disclosure is required under law.

So I am usually more than a little irritated when I see a large sign in the front yard of a HUD home for sale that says “$100 DOWN” in huge letters. Why is the government immune from its own regulations?

It seems to me that the business of governing should be prosecuted without any hint of reproach. If the rule is indeed designed to protect consumers, then let’s protect them, fair and square.

Even if the government REALLY does need the money!

(Source of terms FDIC)

It was a typical summertime Friday night in the South. It was hot and humid, and the old watering hole was more reminiscent of a scene in a 1950’s “B” movie than a contemporary night spot.

The plastic fans were whirring, but the air was barely moving and the heat was stifling. But we were there to make music that is exactly what we did.

I am not certain if I was delirious from the sultry heat or affected by the attempted remedy of cold beverages, but the music was awesome.

And the crowd actually multiplied over the course of the evening, as the melodic strains wafted through open windows onto the two-lane highway and drew them them away from the comfort of their air conditioned vehicles.

The point is, that hen you are committed to doing something, even the most adverse conditions cannot prevent you from succeeding.

And if you do you best rather than trying to just “get by” the rewards are sure to follow.