Posts in category 'The Shopper'

2021 – Real Estate in Coweta County

As we move into the new year, the future of real estate in Coweta County looks bright. There is a great amount of activity in all sectors of real estate including industrial, commercial and industrial. The area in and around "the Moreland exit", or exit 35 off Interstate 85, is seeing spectacular industrial development with huge companies like Amazon and Goodyear operating in massive, 1,000,000 + square foot buildings there. If you drive down Gordon Road from there, you will notice residential developments and subdivisions up and down that road.           

The Downtown Newnan real estate market is as hot as it ever been. The desire to be there, whether with a business or a home, is strong as ever. The prices reflect this robust demand. It is not uncommon to pay $150 a...

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The Real Estate Listing Inventory "Problem" In Coweta County

As of Monday, October 26^th, there are only 458 single family detached homes listed for sale homes in Coweta County in the Georgia Multiple Listing Service (GAMLS). This is the lowest number that I have seen in 14 years of being a Realtor. When I first started in 2006, it was normal to see 2,500 listings for sale on the GAMLS in Coweta County. The local real estate market has an inventory problem and homeowners are reaping the benefits.         

In a market of low supply and high demand, prices will go up. We are seeing this before our very eyes here in Coweta County. I recently listed a remodeled home in Sharpsburg for $215,000. My sellers received 21 offers in three days, as well as four back up offers. All of the offers were over list price as buyers and their agents were alerted that the sellers received multiple offers. The demand for housing, particularly in t...

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Contingency Contracts & Kick-Out Clauses in Real Estate

Contingencies are a normal part of real estate contracts. Realtors typically see contingencies based on the buyer's loan being approved, as well as the property appraising. However, real estate agents are seeing more and more purchase and sale agreements contingent upon the buyer's current home selling. This can be a very stressful task, to time the sale of a buyer's current home with the sale of their new home.

In large part this increase, in contingency contracts, is due to Coweta County having such a strong real estate market. People are hesitant to list their home for sale before looking for a new home, because properties are selling so quickly. It would not be a good idea to sell your home without having anywhere to go. Many buyers are identifying a home to purchase first then listing their home second.

A contingency contract hurts your negotiation power. Contingency buyers a...

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Real Estate - What Is Due Diligence

When purchasing real estate, it is important to know what a due diligence period is. This is the opportunity for the buyer to do their homework and discover information about the property they are purchasing. The due diligence period is negotiable between the buyer and seller and is part of the purchase and sale agreement. In residential real estate, this time period is typically the first 7 to 14 days of the contract but can be longer or shorter. This is the best time for a buyer to conduct a home inspection. Some people think of due diligence like an option. The buyer can option out of the contract without any penalty and have their earnest money returned in full. Regarding home inspections, the buyer can use the ability to option out of the contract as leverage for concerns found during the home inspection. The purchas...

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The "Slow Season" of Real Estate

The Holiday Season is a time for being with your family and friends and celebrating. You would think real estate is the furthest thing from someone's mind. It is not uncommon, in our business, for a homeowner to take their listing off for the holidays or wait to list a property until after the first of the year. The general opinion is that buyers will not be focused on a home search around the holidays. Most corporations will not relocate an employee this close to the end of the year either. Many people believe that properties take a longer time to sell and average sale prices drop, during the holiday season, but is that true?

The spring time is considered our busiest time in real estate...

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