newnan coweta real estate: Strategic default....sounds good until your character is questioned. - 04/24/13 01:10 AM
I overheard an interesting conversation in the office yesterday. Apparently, an agent showed a rental property that was listed by another agent in the office. Of course, the listing agent asked about feedback and the showing agent excitedly mentioned that his clients were interested in the property. Their conversation quickly changed to the reasons why the prospective tenants are now choosing to rent and he mentioned that they were doing a strategic default on their home.....WHAT????
Do you mean to tell me..... that the individuals who are now breaking a contractual obligation just based upon a "strategy" has now decided to … (0 comments)

newnan coweta real estate: Beautiful 3 bdrm/ 2.5 Bth Traditional On Full Basement...Only $134,900 - 04/06/13 06:42 AM
 

$134,900 , 3 bedrooms, 2 full baths, 1 half baths, 2,131 square feet  
(3 comments)

newnan coweta real estate: First...the marriage of peanut butter and chocolate....now this???? - 03/21/13 07:55 AM
To know me is to know that I LOVE peanut butter...I love it on a spoon by itself, on bread, with jelly, without jelly, with bananas, etc...I think you get the picture.
When someone felt it prudent to mix peanut butter with chocolate.....OH MY!!!! I was in absolute peanut buttery heaven!!!!
Now that you know how I feel about the peanut butter and chocolate.......
Recently...Bank of America announced that it was now processing it's FHA short sales through Equator!!!
WHADDAYA MEAN????
Gone are the days of
*Endless faxes that apparently dump into a black hole never to be retrieved again
*Unanswered … (5 comments)

newnan coweta real estate: I'm so glad that you have time to waste......Unfortunately...I don't! - 03/18/13 01:37 AM
First off, I'd like to say that I'm completely thrilled that our Real Estate markets are rebounding (quite well in some areas)! Secondly, I'd like to say that I am, in no way, against Investor Purchasers. In fact, I love them.....well, at least I like 'em a lot. However, no matter how well our markets are doing or how long we've been in the industry, we still must deal with the lunacy and absolute hilarity of some Purchasers.
Here's the short version......
Beautiful traditional home (4/2.5) on a full basement listed as a short sale for only $124,900. Mass investor Purchaser … (67 comments)

newnan coweta real estate: Spring is in the air.....and buyers are ready to pounce!!!! - 03/11/13 12:53 AM
This past Saturday was an absolutely wonderful day to meet with my buyers as they chose their lot and selections for their new construction home. The weather was perfect, the birds were humming, and Spring was definitely in the air.
I'd been talking with the On-Site Agent and she'd been telling me about how they've had an influx of buyers in the community wanting to either purchase their existing inventory or build a new home and they were all complaining of the same phenomena.....very little re-sale inventory from which to choose. Most had become fed up with being in multiple offer … (3 comments)

newnan coweta real estate: Ahhhh.....The Lovely World of Short Sales (Will the saga ever end)??? - 03/08/13 12:04 AM
UGH!!!!! Well, one thing's for certain.....we're never at a loss for drama in the world of short sales. I was just speaking with another agent on yesterday who was telling me about her short "sellers" who stopped the transaction a week prior to closing! The listing agent had fully ss approval with a waiver of liability, the buyer's loan had been fully approved through underwriting, and they were just waiting for the closing date to arrive. The Seller's determined that they were not yet ready to begin paying a monthly rental fee...YOU GUESSED IT!!!! They actually wanted to continue to live … (0 comments)

newnan coweta real estate: Another Pendulum Change........Now, if I could only find a home!!! - 03/07/13 03:46 AM
As with most markets across the Country, Coweta County is experiencing a sort of unique market condition. What's that??? WE HAVE MANY, MANY MORE BUYERS THAN WE HAVE PROPERTIES TO SELL TO THEM!!!! Now, don't get me wrong..this has created a beautiful scenario for those who are looking to sell their homes. Demand is up and supply is down! The perfect economic dilemma!!!  
I know that this scenario is pretty difficult for some buyers to believe, but it's the God honest truth! The fact is, we currently have only 728 properties available for sale in Coweta County, GA. That's half of … (0 comments)

newnan coweta real estate: Unexpected Climb of NAR's Pending Home Sales Index - 09/03/10 02:01 AM
The National Association of Realtors has reported that pending home sales have increased 5.2%, which was mostly unexpected by some due to the dramatic drop of home sales in July....
Was it that unexpected???? Not really, in my honest opinion. In our local market, we saw a gigantic increase in pending home sales during the month of March. No big surprise since buyers in most markets took advantage of the tax credit - especially at the last minute. Simply stated, those who were able to purchase sapped up our existing inventory and those who weren't...didn't. However, they did go home and work on those … (3 comments)