There are a lot of inexpensive homes for sale in the Newnan Georgia. By “inexpensive,” I mean under $70,000.
And if you crunch the numbers at today’s low interest rates, house payments on recent purchases in the $300-$400 range are not as uncommon as one might expect.
It is certainly true that the amount of income required to qualify for a loan on a house in this price range places nearly everyone in the realm of a potential buyer. Many would-be purchasers have car payments that are higher than their potential monthly mortgage outlay.
So therein lays the problems: Debt to Income ratio and the dreaded FICO score.
Cavalier attitudes toward accumulated debt and the accompanying timely repayment of the same preclude many from actually saving money and buying a piece of America.
And these days, it seems that popular culture is embracing the concept that borrowers are victims and that paying back what you owe is optional.
The net result is an ever diminishing pool of potential home purchasers. And with each passing month the numbers get worse.
Consumers need to be educated. A good credit score is worth its weight in gold.
And if we don’t get THAT message out, we will never emerge from the current market.
In the HGTV era of real estate sales, I run into a lot of sellers that insist that every upgrade that they have ever made should increase the value of their home.
However, here in Coweta County Georgia, that is simply not the case. Stainless steel appliances or granite countertops or hardwood floors may really make a house stand out. And a well maintained home with many upgrades may be just the thing to prompt a fence-sitting buyer into action.
But these enhancements do not translate directly to price. And while they may garner a modest premium by narrowing the degree of wiggle room in the negotiation process, the rate of return on expenditure is fractional.
And many items, such as a new roof or a new HVAC system are maintenance items, and do not add value either. Buyers expect a roof and an air conditioner when they purchase a property, so these details are indeed inducements but may not affect the market value of the property.
Homeowners should only consider upgrades for their personal enjoyment and lifestyle, and not as an investment. And they should perform all necessary maintenance as it is warranted.
The bottom line is the bottom line! And there is no workaround for over-improvement.
At one time, Coweta County Georgia was the fastest growing county in the entire United States. But the nearly uncontrolled explosive development threatened the rural character of the former bedroom community, now a suburb of Atlanta.
When the earth movers ceased their incessant drone in late 2006, the days of the great land grab ended. And acreage as a commodity was no longer traded.
So at least for now, I can drive a few short miles and be a totally different world, devoid of sprawl and in essentially the same state as it was fifty years ago.
Anthropological history, at least for now, is taking a much needed breather I Coweta County.
And I for one am glad! (I took these photos today!}
In Coweta County and Newnan Georgia, the supply of available REO properties is currently exceeding the demand of qualified buyers.
As a result, the institutional seller’s dictatorial attitude toward contract negotiation is eroding with each new competing property on the market.
Buyers can now not only barter on price, but there is increasing flexibility regarding the terms of the sale. What was once sacred ground is now being trodden by savvy buyers on a regular basis.
One by one, each REO seller must acquiesce or face the fact that nobody wants their properties under their terms. They have truly been painted into a corner.
It’s an interesting shift in the market. And it makes it an even BETTER time to buy!
Callaway Gardens in Pine Mountain Georgia is world famous for its amazing collection of Spring-blooming azaleas and rhododendrons. Flower lovers from around the world converge at the gardens every Spring for the showy display.
What many horticulture enthusiasts may NOT know is that Callaway Gardens is a great place for viewing fall foliage well into November! The garden features a wide variety of deciduous species that blaze into their Autumn splendor about the same time that the least leaves are falling in the North Georgia Mountains.
And while you’re there enjoying the display of fall color, you may also want to check out the Cecil B. Day Butterfly House, the John A, Sibley Horticulture Center, and the latest addition, the Virginia Callaway Discovery Center!
For complete information visit the Callaway Gardens Website!
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Newnan GA Real Estate. 770-827-6225. Tired of do-nothing brokers that put a sign in the yard & wait? My one-of-a-kind marketing plan does what the others cannot do, at any price.
Richard Weisser Newnan Real Estate Agent 770-827-6225 does business as Coweta Fayette Real Estate and is an associate broker at Better Homes and Gardens Real Estate in Newnan Georgia.
The Coweta Fayette Realty team assists both buyer and sellers with real estate transactions. We also specialize in bank foreclosures, REO properties, and HUD homes in Newnan, Coweta and Fayette Counties.
You can get a free list of Coweta and Fayette County foreclosures, or call 770-827-6225 today to discuss your real estate needs!
Richard writes a daily real estate blog and has been nationally feature on ActiveRain over 250 times.
Richard Weisser, Broker, Associate Broker, Auctioneer, E-Pro, Expert Witness, CE Instructor
Better Homes and Gardens Real Estate Metro Brokers Newnan Georgia, Coweta Fayette Real Estate, Inc.
Serving Coweta, Fayette, Heard, Meriwether, South Fulton, Pike and Spalding Counties
770-827-6225, 770-254-4985 (FAX)
All content, including text, original art, photographs and images, is the exclusive property of Coweta Fayette Real Estate, Inc., and may not be used without the expressed written permission of Coweta Fayette Real Estate, Inc. Copyright 2003-2010.
Coweta Fayette Real Estate is the dba for Richard Weisser, an Associate Broker at Better Homes and Gardens Metro Brokers in Newnan, Georgia. In addition to offering the most powerful and technologically advanced marketing tools in the industry, we provide service above and beyond your expectations. Why settle for just an agent, when you can get the power of a team for the same price working for you for the same price?
Our number one website, CowetaFayetteRealEstate.com offers buyers the opportunity to search the entire Georgia MLS for free, with NO registration required ... ever! It also provides information for those interested in buying or selling real estate at auction.
Also, you can read Richard's Biography!
I am primarily a real estate broker. I deal with all kinds of real estate, both residential and commercial. I have an extremely strong web presence, and combined with all of the tools and technologies that Betyter Homes and Gardens Real Estate Metro Brokers offers, I am able to provide superior service and marketing to anyone looking to sell their property!
Please do not list with any other agent until you see my complete, dynamite marketing plan. It includes television, cell phone texting, toll-free numbers, print media, and the most complete Internet presence available anywhere! Bar none.
Whether I am the first or last agent that you interview, I can demostrate that in today's market, you must cover all the bases. Remember, more exposure means less time on the market and a better chance of getting your best price. Don't hesitate, call today! 770-827-6225!
Real estate Brokerage.
Real Estate Auction.
Real Estate Contracts.
Internet Marketing.
Coweta Fayette Real Estate is a website owned and operated by Coweta Fayette Real Estate, Inc. It is the official website of Coweta Fayette Realty. Richard Weisser is the webmaster, a licensed real estate broker and a licensed auctioneer. Coweta Fayette Real Estate, Inc. is an associate broker at Better Homes and gardens Real Estate Metro Brokers Newnan, Georgia.
Experience:
Richard Weisser was originally licensed in January of 1984, and affiliated with Gramm and Associates in Stockbridge Georgia. After a stint as managing broker for CENTURY 21 Intown, he affiliated with Keller WIlliams Realty Professionals in Peachtree City Georgia, until leaving in 2006. He is currently the responsible broker and owner of Richard Weisser Realty, Sharpsburg, Georgia, and broker for Coweta Fayette Real Estate, Inc., which is currently an associate broker at United Realty Group. He is currently doing business as Coweta Fayette Real Estate, Inc. and is a founding member of Coweta Fayette Realty. He is a real estate license law and agency authority that is available to testify as an expert witness in Georgia Real Estate lawsuits. He is also certified by the National Association of Realtors as an e-pro, the highest level of technical merit recognized by the Board of Realtors. In 2006, Mr. Weisser became a licensed auctioneer!
Real Estate Skills:
Check out ourRichard is a contracts and agency specialist. He wrote the policy and procedures manual for Century 21 Intown, and developed in-house real estate training programs and web-based training programs. As an active member of the Atlanta Board of Realtors Technology and Education committee, He developed and presented two programs on computer basics to members of the board in March and April of 2003. In July of 2004, at ERA United Realty Realty Professionals in Peachtree City Georgia, Richard teamed up with Owen Hand of realty professionals to form Coweta Fayette Realty, a consortium of agents working for a common purpose. You can read more about Coweta Fayette Realty here!
Other Skills:
Richard Weisser has actively developed websites since January 1991. He is the developer and owner of the worlds number one Great Smoky Mountains Photos website, SmokyPhotos.com. Photos have appeared in hundreds of Publications and products, and SmokyPhotos was commissioned by President George W. Bush in February 2001 to provide four photographs as backdrops for a major political speech. An expert webmaster, Richard developed Century 21 Intown's website at C21intown.com. Additionally, he developed other websites for various companies. He prepared and delivered PowerPoint slide presentations for the Great Smoky Mountains Natural History Association. Developed numerous software programs for specific applications, including "Depalmas Data Base, " "Keycoder," and "Fax Filer." Proficient in Microsoft Word, Excel, PowerPoint, Access, Visual Basic, HTML, JavaScript, Photoshop, and hundreds of other software applications.
Awards:
2002 Century 21 Quality Service Pinnacle Award. ERA United Realty Realty Professionals 2004 WI4C2TS Award for agent best exemplifying the principles and beliefs of the Keller Williams philosophy. Newnan Board of Realtors 2006 and 2007 Professional Achievement Award. ERA Million Dollar Producer.
Other Interests:
Golf: Winner second place low gross in the 2002 Atlanta Board of Realtors annual tournament. Winner third place individual in 2004 Equity One Tournament in Peachtree City Georgia.
Richard Weisser is available to testify as an expert witness is Georgia Real Estate Trials. His area of specialty is contracts and agency. Call today, 770-827-6225.
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