Posts with tag 'The Shopper'

Realtors and home buyers alike are waiting for a significant improvement in the supply of real estate listings. As of April 27^th, 2021 there were only 220 single family detached homes for sale in Coweta County per the Georgia Multiple Listing Systems (GAMLS). At one point, earlier this year, this number dipped below 200 listings. While 220 is an improvement, that number is still historically low.

We are seeing the same issue across the state of Georgia. In fact, the number of new listings in the first quarter (Q1) of 2021 decreased 10% from Q1 of 2020 according to the Georgia Association of Realtors (GAR). The average days on market for a listing dropped 34% year over year. The number of pending sales, closed sales and the average sales price all increased dramatically year over year. The average sales price in the state of Georgia is $323,831. We are in a very strong seller's market.

If you have friends in the real estate business or if you are ever on so...

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What happens if a property that you are buying or selling is destroyed? With the recent tornado that destroyed parts of Newnan, some of you may be wondering this. Hopefully, this is not your current situation.

Most Realtors here use the Georgia Association of Realtor (GAR) Forms for contracts. The purchase and sale agreement specifically has language dedicated to this situation. Section 3C of this form states:

Risk of Damage to Property. Seller warrants that at the time of closing the Property and all items remaining with the Property, if any, will be in substantially the same condition (including conditions disclosed in the Seller's Property Disclosure Statement or Seller's Disclosure of Latent Defects and Fixtures Checklist) as of the Offer Date, except for changes made to the condition of Property pursuant to the written agreement of Buyer and Seller. At time of possession, Seller shall deliver Property clean and free of trash, debris, and personal property of Sel...

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It is so wonderful to be approaching spring after a long winter. The grass and trees are coming out, and warmer weather is on the way.

Spring is our best real estate selling time of the year. People are ready to get out and enjoy the outdoors. Many are being planting beautiful things in their yards and many are gardening, fishing, biking, playing baseball or golf, hiking or just plain walking in God's wonderful creation.

How one cannot enjoy spring is hard to understand. Maybe it is the pollen, which is the only negative to many of us at this time of year.

This time of year, people start looking for homes, land and home on land. With the market so strong, it is a great time to be a seller, conversely, the interest rates are low, so it is a great time to be a buyer.

All of us at Lindsey's, Inc., look forward to being of service to you, our clients and customer. We a...

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Our thoughts and prayers are with all who have been adversely impacted by the CAT 4 Tornado that struck our beautiful City and County of Homes.

As I walked down LaGrange Street, Greenville Street, Alpine Drive, Woodbine, East Broad Street and Hollis Heights over the weekend, one thought came to me. We really are Newnan Strong, and everyone is pitching in and helping those in need. There has been such an outpouring of support that we cannot stress enough the wonderful fabric of our community.

The magnificent trees are gone, and blue tarps are everywhere along the storms path, but there is an optimism and a determination to build back and make things even better than they were before. It will take time, but the scars will heal.

One miracle is that only one person died during the storm. The EMTs could not reach Barry Martin in time due to the obstacles caused by the storm, and we lost a very fine man. Saying all that, with the killer tornado being a CAT...

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"It's a feeding frenzy. I listed the house at 9:30am and had seven showings by 12:30pm. I am writing an offer over the list price right now." This was the answer by a Realtor in our office when I asked how his new listing in downtown Newnan was going. We are seeing similar situations all the time in the current real estate market. The demand for housing is very high and the supply of listings are very low. This is creating a feeding frenzy for buyers looking for homes.      

As of February 22^nd, 2021, there were only 212 single-family detached homes listed for sale in Coweta County, on the Georgia Multiple Listing Service (GAMLS). The numbers of homes listed for sale continues to decrease. Real estate listings are a premium in the current market settings. I can remember as recently as a few years ago when there were regularly 600-800 single family detached homes for sal...

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