The current real estate market in Newnan and Coweta Georgia is dominated by foreclosures and bank-owned properties. And although there are foreclosures in nearly every price range, the hottest market continues to be houses under $150,000.
If a property is listed under $100,000. there is even more demand. On top of that, many buyers seek low down payment opportunities, such as $100 down HUD homes that also offer a $1000 bonus to the owner-occupant buyers.
USDA loans are also very popular in qualifying areas of the county, but funding for these loans are uncertain at this time. Hopefully, the program will remain available to those buyers looking for homes in the outlying areas of the county.
Overall, the market in Newnan and Coweta County is active and robust, and hopes are optimistic for good sales this summer.
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Great value, Richard. I shall keep it in mind!
Richard...I find that my buyers will look at foreclosed properties once in a while but want nothing to do with the HUD homes.
Most want non-foreclosure or short sale homes. Don't want the hassel.
Richard I wrote up two contracts this past week both short sales under $140. I think you are spot on.
Richard, interesting. Very similar numbers and activity in Port Saint Lucie (the town to our North), and similar in Martin County, but just slightly higher prices.
Richard: One day soon I hope to have the opportunity to help a buyer who is using a USDA loan. They seem like great products, very similar to the VA loans.