Newnan, GA Real Estate News

By Richard Weisser, Richard Weisser Retired Real Estate Professional
(Richard Weisser Realty)
  Seventy-five percent or more of the calls I field each week are from buyers seeking a great deal on a foreclosed property. And don’t get me wrong … there are plenty of them out there. The Coweta County Georgia area gets more than its share of bank-owned houses. And many of these REO properties languish on the market for a long time due to a variety of salability issues. However, the houses that are in good condition that are priced aggressively move VERY quickly. The majority of buyers are seeking the move-in ready foreclosure in the best location. So it is extremely important to have financing already in place and to be prepared to move quickly. There better-than-usual foreclosures can generate multiple offers the FIRST day that they’re on the market, so a buyer must be alert, dilige...
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By Richard Weisser, Richard Weisser Retired Real Estate Professional
(Richard Weisser Realty)
Despite some controversy as to who uttered the actually quotation, it is believed by many that Mark Twain once said that “everybody talks about the weather but nobody ever does anything about it.” And while weather is generally a boring topic reserved for awkward conversational moments, this year has been rather remarkable when considering meteorological anomalies in Newnan Georgia. The calendar is melting away, but the temperatures are not giving in to the seasonal change. And although the equinox is less than a week away, we will be experiencing afternoon high temperatures in the 90’s for the foreseeable future. I like summer as much as anybody, but enough is enough. We have experienced more weeks, more, days, and more hours above the 90 degree make than any other year in recorded we...
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By Richard Weisser, Richard Weisser Retired Real Estate Professional
(Richard Weisser Realty)
  When I am asked about how the real estate business is doing in Coweta County Georgia, I typically respond that “with great prices and historically low interest rates, there has never been a better time to buy real estate.” But if I am specifically asked if I am BUSY, my response is generally something along the lines of “we are busier than ever, because every deal is hard!” Because it is a fact that each transaction requires a lot more time and diligent effort in order to achieve a successful close. These days, we see more inspection issues, multiple documentation requests and additional addenda right up until closing. In addition, frustrated buyers and sellers need to be reassured after each and every bump in the roadway. This requires constant communication on a regular basis. We pe...
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By Richard Weisser, Richard Weisser Retired Real Estate Professional
(Richard Weisser Realty)
Today I had the pleasure of joining a roundtable discussion with other Coweta County real estate agents and mortgage professionals. The discussion centered around price stability and the availability of financing, both of which are key issues of concern in the county, as they are intrinsically linked to one another. It was agreed that now is one of the best times to buy, due to both historically low sales prices combined with rock bottom interest rates. The panel also determined that the impediments to recovery are low appraisals, new mortgage regulations and compliance issues, documentation requirements, and lack of consumer confidence. The suggested solutions were consumer education, local appraisers, and some streamlining on the mortgage process for qualified buyers with good track ...
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By Richard Weisser, Richard Weisser Retired Real Estate Professional
(Richard Weisser Realty)
September is here and football is back in business. Games at every level are being contested on gridirons all over the land. Whether one enjoys a high school game on Friday night, an NCAA game on Saturday, or watching the professionals compete on Sunday, there is nothing like the hard-hitting mix of strength, discipline, and finesse. In Coweta County Georgia, we have three high school teams. The Newnan Cougars, the East Coweta Indians, and the Norrhgate Vikings.  In 2009, the Cougars advanced to the AAAAA State Championship semi-finals before being eliminated. On Saturdays, the University of Georgia Bulldogs are an SEC perennial powerhouse while the Georgia Tech Yellow Jackets  are always strong contenders in the ACC! Sundays belong to the Atlanta Falcons, who play all of their home ga...
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By Jeff Wilmoth
(HomeStar Financial Corporation)
Funding Restored for the USDA Guaranteed Rural Development Program Effective September 8, 2010, USDA Rural Development has announced that the Agency has completed all system enhancements to support the newly legislated guarantee fee of 3.5% and that funding for the USDA Guaranteed Rural Housing (GRH) Program has been fully restored.     If you would like further information about the USDA Rural Development Program, then your first step should be to call a HomeStar Financial Corporation Mortgage Professional at 404-597-5662.  HomeStar Financial Corporation, a Nationally Approved USDA lender is the #1 USDA Lender in Georgia!       Jeff Wilmoth | HomeStar Financial Corporation...Serving all of Georgia! 848 Jesse Jewell Parkway Gainesville, GA 30501 Direct 404.597.5662 | EFax 678.623.0444 j...
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By Richard Weisser, Richard Weisser Retired Real Estate Professional
(Richard Weisser Realty)
We were treated to temperatures in the low 50’s in Newnan Georgia this morning, and the respite from the sweltering heat is quite a relief! It looks like the rest of the holiday weekend will be quite pleasant for all of the traditional outdoor activities. And while there is a touch of Fall in the air, the weather prognosticators say that it is only a tease, with daily highs returning into the 90’s through the middle of September. But the pervasive hot weather will not impede the onset of Autumn, my favorite season of the year. I love the cooler weather, college football, sweet cider, and long drives in the North Georgia mountains. Today I will enjoy the perfect weather. And I will patiently wait for Nature to run its course!
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By Richard Weisser, Richard Weisser Retired Real Estate Professional
(Richard Weisser Realty)
Is it just me or did Summer just fly on by at warp speed? It seems like just a few weeks ago I was writing about Memorial Day and the Fourth of July. But as the hours of daylight wane and the night air finally begins to cool, it’s time to start thinking about sampling some muscadines and scuppernongs or heading to the mountains for some fried apple pies. The tomato vines are starting to wither from old age. Here in the South, they rarely make it until frost as the inherent genetic maladies erode the vigor of new growth and the vines simply succumb to “old age.”. And the migrating hummingbirds are passing through on their way to warmer winter climes. We counted fifteen around the feeder yesterday. Fall is just around the corner. And although we’ll still reach 90 degrees in Newnan Georgi...
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By Edward Wadsworth, Free list of Bank Owned Homes
(Better Homes Garden Real Estate Metro Brokers)
A competitive advantage is when a person learns something BEFORE someone else and gets the information to the marketplace first ! A few years back I started sending free list of bank owned homes. This got me tons of leads. In most cases they did not buy a foreclosure in Newnan, but I did find a good deal for them. Research shows most home buyers start their search on their internet. I offer a free MLS search for anyone to find a home and then call me to see them. This feature allows the buyer to look at more homes in less time. View this site to search for a Home for sale in Coweta County. Homes for sale in your area To get the best deals you need to be a VIP buyer. This allows you to beat out other buyers to the best deal on Real Estate in Newnan. To become a VIP buyer visit this site ...
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By Richard Weisser, Richard Weisser Retired Real Estate Professional
(Richard Weisser Realty)
  Sellers all share the same notion as to the value of their house. When I ask what they would like to net from the sale of their property, they always answer: “as much as I can get.” And generally, they believe that the best way to achieve that goal is to start high to test the waters, and then consider price reductions as time goes on without receiving any offers. However, in today’s market, there is a strong possibility that electing to use this strategy will ultimately lose money for the seller. It’s called “chasing the market,” and in a declining market it is more like a dog chasing its own tail. As houses languish on the market, savvy buyers sense more and more desperation on behalf of the seller. There is nothing about these listings that would make a buyer want to offer anything...
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By Richard Weisser, Richard Weisser Retired Real Estate Professional
(Richard Weisser Realty)
Coweta County has experienced some troubling economic times over the last few years. And during that time, the consumer hasn’t gotten any relief. As a matter of fact, the average citizen has been hit with higher food and gasoline prices, the suspension of the Homestead Exemption on their property taxes, and higher prices for public services. And now there’s a new wrinkle is the diminishing disposable income fabric. This year’s record high temperatures have produced utility bills that are in some cases DOUBLE what they were last year. Homeowners and tenants are struggling to pay electricity invoices that are nearly equal to their mortgage payments or rental amounts. It’s not just the hot days that have caused the problem, as high humidity and overnight temperatures have kept the air con...
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By Richard Weisser, Richard Weisser Retired Real Estate Professional
(Richard Weisser Realty)
Coweta County Georgia was one of the fastest growing counties in the nation in the early part of the decade. It ranked in the top ten U.S. Counties in growth for several years, and even hit the number one spot for a brief period of time. But with progress, there is always an associated loss. Much of the county’s rural charm and scenic beauty fell prey to the earth movers and bulldozers. As a matter of fact, there was so much development that the loss of greenspace and natural elements was alarming. When the real estate market reached the saturation point, the machines stopped and the disappearing natural landscape was granted a reprieve. What is very bad for the real estate business is very good for the environment It’s a trade-off with some positive benefits. And it is one that I am w...
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By Richard Weisser, Richard Weisser Retired Real Estate Professional
(Richard Weisser Realty)
As the real estate market began to decline in Newnan Georgia, it became readily apparent that many premium attributes of properties were losing value at a rate faster than the market as a whole. During the heyday of the boom years, historic properties were in very high demand in Coweta County Georgia. And we have plenty of them, including many antebellum homes and plantations. However, as prices dropped mortgage lenders became more and more cautious; the intrinsic value of history and charm no longer translates to monetary value. In many cases, distressed homeowners can no longer afford to maintain these gems of history, and many are upside-down and are unable to sell their property. As a result, there is a good chance that many of these historic structures could be lost forever. They ...
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By Edward Wadsworth, Free list of Bank Owned Homes
(Better Homes Garden Real Estate Metro Brokers)
A foreclosed home or REO is a home the bank has taken back into their inventory. A HUD home is a FHA loan that went bad and was foreclosed on then taken by the government for sale.  This home is a HUD home that is for sale now. 3 Things to do to purchase a REO or HUD property. Get pre approved for a loan. Some homes sell fast, so you should be ready when you find the right home. Find an agent who specializes in foreclosed homes. Not all agents know how to sell foreclosed homes, so call the number to get in touch with me a foreclosure specialist. Edward Wadsworth404-642-6296 Find a home. Click the link to start the process of finding a great deal on a foreclosed home. www.NewnanForeClosureList.com
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By Richard Weisser, Richard Weisser Retired Real Estate Professional
(Richard Weisser Realty)
Newnan Georgia is the seat of Coweta County. And although it only lies about 40 miles southwest of downtown Atlanta, it is a world away from the bug city! Newnan still has a downtown square, and all of the historic downtown storefronts have been carefully preserved. As a matter of fact, the entire downtown area is registered as a National Historic district. Downtown Newnan is still economically viable, with boutique shops, diverse restaurants, and professional offices all within a short walk of each other. Parking is plentiful and always free. And there are three city parks within a one mile loop. So why not plan a walking tour of downtown Newnan in the near future? And don’t be surprised if you wind up staying a lot longer than you expected!
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By Home Loan Search.Online
(Home Loan Search Online)
Buying a home is one the biggest financial decisions most people will make in their entire lives, so it’s only natural to have questions about the process, especially for first-time home buyers. That’s why we put together our own First Time Home Buyer’s kit. The free kit includes our Home Buyer’s Handbook, a 16 page booklet and glossary designed to provide answers to the more basic questions about buying a home. What are the benefits of owning versus renting a home? When you add up the tax benefits of owning a home versus renting a home, it costs no more to be a homeowner than it does to rent, in many cases. With this in mind, why help finance your landlord’s financial goals when you can own your own home and, as your equity grows, increase your savings for the future as well? Does my ...
Comments 2
By Richard Weisser, Richard Weisser Retired Real Estate Professional
(Richard Weisser Realty)
It seems like lately I get more and more phone calls from frustrated prospective buyers that wish to capitalize on the low prices of houses in our area combined with some pretty amazing low interest rates. The problem is, these would-be investors don’t qualify for an owner-occupant loan, but at the same time, do not wish to pay either the additional down-payment or the higher interest rates for loans on investment property. So they ask me to come up with a workaround to help them beat the system. And I have an answer for them. NO! Do they honestly think that I will risk fines, imprisonment, or the loss of my livelihood for a mere commission? Do the truly believe that I would sacrifice my integrity and professional image for a few measly dollars? Do they actually realize that what they ...
Comments 81
By Richard Weisser, Richard Weisser Retired Real Estate Professional
(Richard Weisser Realty)
Believe it or not, the Coweta County Georgia 2010-2011 school year commences today, August 9. The vacation break just seemed to fly on by! It’s been a long time since I have had a child in school, but I like the ability to drive around the county during the summer without encountering a school bus or school traffic. In the real estate business, one must always account for these delays when navigating to appointments. So I carefully allow for extra travel time during the school year, especially in the high school “hot spots” where many of the students drive. It can sometimes take over ten minutes extra in these areas. Also, in Georgia there is zero tolerance for speeding in a school zone, so pay attention to the speed limits and times when they are strictly enforced. So drive extra care...
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By Richard Weisser, Richard Weisser Retired Real Estate Professional
(Richard Weisser Realty)
  When I do a listing presentation, I tell potential clients about all of the marketing methods that I will employ to get their real estate in front of as many buyers as possible. Using all of my Internet savvy combined with conventional strategies does indeed present the property to a plethora of possible purchasers. But I NEVER guarantee that I will sell the house. Because at the end of the day, the property has to stand on its own! There is a multitude of reasons that people buy houses, and an even larger number of reasons that cause a purchaser to reject the property and move on. And some of the objections are insurmountable. Getting a property noticed is only the first step in getting it sold. Finding just the right buyer is the hard part of the job. But with patience, persistence,...
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By Richard Weisser, Richard Weisser Retired Real Estate Professional
(Richard Weisser Realty)
It has been one hot summer here in Newnan Georgia. There have been more ninety degree plus day this year than in any previous year that I can recall. And when you add in the extremely high humidity, the so-called “heat index” has been over a hundred degrees for many days in a row. Yesterday, as the sweat was pouring as I installed yard signs on my new listings, the word “sweltering” popped into my head. I never really thought much of the word ‘sweltering,” but the use of the term in describing our climatic condition has never been more appropriate. It’s miserable outside. Even more depressing is the fact that the long range forecast calls for more of the same. And so as air-conditioners whirl and fans spin, one looks to the outside world with trepidation. Because it’s really sweltering...
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