Home > Blogs > Richard Weisser > Coweta County Real Estate Facts and Info by Richard Weisser

Some Random thoughts about the current real estate market from Coweta County Georgia....

By Richard Weisser

Real Estate Broker/Owner with Richard Weisser Realty

March 29, 2009 01:12 AM

Between the pollen and a spring cold, I'm a little bit miserable on this beautiful Sunday morning. But it's going to be a busy week so I have to get my thoughts in order.

The first quarter of 2009 in nearly expired. Wow, I can't believe that it flew by so quickly. It seems that the tide has turned, and that business is picking up in the area. This is good news, because there is a perception that once it has been established that we have "bottomed out." All heck will break loose as buyers scramble to take advantage of this amazing fact:

For the first time in history, you can purchase real estate at below the cost of substitution, at the lowest interest rates that have occurred in most people's lifetime, and you might even get a huge tax credit for doing so.

There is an opportunity to fix your housing cost for the next THIRTY years at such a remarkably low level that the ability to accumulate wealth through other investments will be available via the monthly savings.

As I write this, I wonder why anyone would be comfortably poised upon the proverbial fence. This is not a time for observation; it is a call to action.

And those that succumb to lethargy during these times will instead be relegated to the "I should have, would have, could have" legion of storytellers that will relate their tales of woe and missed opportunities to their grandchildren.

Now, you wouldn't want to look stupid in front of your grandkids, would you?

All content, including text, original art, photographs and images, is the exclusive property of Coweta Fayette Real Estate, Inc., and may not be used without the expressed written permission of ERA United Realty and Coweta Fayette Real Estate of ERA United Realty Newnan Georgia. All information is believed to be accurate but is not warranted, Copyright 2003-2009. Richard Weisser 770-827-6225.
Learn more about Coweta County and Fayette County Georgia Real Estate, and to search the entire Georgia MLS for free with no registration required visit CowetaFayetteRealEstate.com!

Re-Blog

Comments(20)

Comment

Show All Comments

Sort:

Suzanne McLaughlin

Sabinske & Associates, Inc. (Albertville, St. Michael) - Saint Michael, MN

Sabinske & Associates, Realtor

Richard, at an open house yesterday, a buyer came through and fell in love with the home. Ooohed and aaahed. Then looked me in the eye and said, I think that I should wait to see if prices and interest rates will go down. Hmmmm. I gave her stats that I got from some very reliable news sources from that very morning on the rise in existing home sales and new construction. They are going up...interest rates are at historical lows. This is investment time, people.

Mar 29, 2009 01:28 AM

Connie Goodrich

Keller Williams Realty - McKinney, TX

CRS ABR (McKinney Realtor)Texas

Richard - I think all the planets are in line and the time is NOW. Some people like to sit and as the saying goes about the target .. get ready aim ... aim ... aim... well pull the trigger!

Mar 29, 2009 01:38 AM

Michael Setunsky

Woodbridge, VA

Your Commercial Real Estate Link to Northern VA

Richard, very true. The only real way to tell when the market bottoms out is when prices and interest rates are on the increase. Have a good week!

Mar 29, 2009 01:39 AM

Toula Rosebrock

Diane Turton, Realtors, Forked River, NJ - Lacey Township, NJ

Broker/Sales Associate, Realtor, Lacey Township,

ToulaRosebrock.com Hi Richard:

You're right, these buyers are just too comfortable sitting on the fence.

Between the prices, interest rates & the programs out there...it's a great time.

I can hear it now, in 2010 these buyers will be saying "I should have bought last year"...

Mar 29, 2009 01:47 AM

Susan Haughton

Long and Foster REALTORS (703) 470-4545 - Alexandria, VA

Susan & Mindy Team...Honesty. Integrity. Results.

After clients have lost a house or two and when you go to show a house, only to have to wait for the 3 groups in front of you to go through, it's TIME, people, it's TIME!

Mar 29, 2009 01:53 AM

Richard Iarossi

Coldwell Banker Residential Brokerage - Crofton, MD

Crofton MD Real Estate, Annapolis MD Real Estate

Richard, I posted last night about my daughter buying her first house. So many things are coming together, especially for first time homebuyers. Right now, you snooze, you lose. Rich

Mar 29, 2009 01:55 AM

Melody Botting

Broker Associate PenFed Realty - San Antonio, TX

You Deserve The Best

You make a good point. Texas real estate has picked up as well.

Mar 29, 2009 01:58 AM

Richard Weisser

Richard Weisser Realty - Newnan, GA

Richard Weisser Retired Real Estate Professional

Suzanne...

This kind of mentality is disappearing as more and more buyers are losing offers to higher bids ... after a few misses. they finally face the reality of new demand for affordable housing. THX

Connie...

Or say "I would have, should have, could have!" lol and thanks.

Michael...

Most of our foreclosures and HUD homes are selling about 10-20% higher than list price ... we had one last week go for double the list price. That has to mean something! Thanks!

Mar 29, 2009 02:43 AM

William Feela

WHISPERING PINES REALTY - North Branch, MN

Realtor, Whispering Pines Realty 651-674-5999 No.

OOOOPPPS....To late for some. Sone areas are already seeing mulitple offers and above list offers. It's now or NEVER.

Mar 29, 2009 02:51 AM

Rebecca Gaujot, Realtor®

Lewisburg, WV

Lewisburg WV, the go to agent for all real estate

Richard...good points. WV real estate has also picked up.

Mar 29, 2009 03:50 AM

Andrea Swiedler

Berkshire Hathaway HomeServices New England Properties - New Milford, CT

Realtor, Southern Litchfield County CT

What we need is pointed fence posts to make it difficult to sit on. Otherwise, I am not sure what will move them from the fence into their own home.

Great post Richard, thank you. Hope you feel better.

Mar 29, 2009 04:01 AM

Don Rogers

Keller Williams Realty Chesterfield - O'Fallon, MO

Realtor, Broker, CDPE, GRI, OnullFallon MO & St Charles County MO homes

Richard,

You are so right sir, now is the right time to purchase a new or investment home(s). With pricing and interest rates being where they are.

Mar 29, 2009 04:15 AM

Gary Woltal

Keller Williams Realty - Flower Mound, TX

Assoc. Broker Realtor SFR Dallas Ft. Worth

The other advantage of lower interest rates Richard is if you add to the prinicipal you can pay a home off faster too. Don't be miserable. It is a sunny day. That's why their are meds. Works for me LOL.

Mar 29, 2009 04:19 AM

Chris Ann Cleland

Long and Foster Real Estate - Gainesville, VA

Associate Broker, Bristow, VA

Richard: If I could get out there and qualify to buy an investment property right now, I certainly would.

Mar 29, 2009 07:08 AM

JL Boney, III

Coldwell Banker - Columbia, SC

Columbia, SC Real Estate

The fact remains that no matter what we preach, we both know that there will be a ton of people still sitting on the fence when this thing turns around. They will wait too long, and yes, they will be kicking themselves in a few years.

Mar 29, 2009 08:13 AM

Dr. Stacey-Ann Baugh

Century 21 New Millennium - Upper Marlboro, MD

A doctor who makes house calls.

If I could I would buy, buy, buy right now. We are trying to figure out some ways to make investment properties possible.

Mar 29, 2009 09:08 AM

Terry & Bonnie Westbrook

Westbrook Realty Broker-Owner - Grand Rapids, MI

Westbrook Realty - Grand Rapids Forest Hills MI Re

Buyers are nervous but as some of the most savvy investors suggest buy when others are selling. Now is the time.

Mar 29, 2009 01:02 PM

Tony Orefice

NorthGroup Real Estate/www.TonyORealtor.com - Concord, NC

Realtor- Cabarrus County, NC

Hi Richard,

You make great points in this post. I especially like the one about using the money you save now to invest in other things. Brilliant!

Mar 29, 2009 02:49 PM

Thom Abbott

MyMidtownMojo.com |770.713.1505 | Intown Atlanta GA Condo Living - Atlanta, GA

Midtown Atlanta GA Condos For Sale

Richard...you are so right! In fact, I'll pass you along in a reblog!

I hate that the market has put me in a postion that I can't take advantage of this great opportunity! A few years from now, I sit and cry when I think of the monies I could of saved if I could of re-fied my home! Oh well.....

Mar 29, 2009 02:53 PM

Dorie Dillard Austin TX

Coldwell Banker Realty ~ 512.750.6899 - Austin, TX

NW Austin ~ Canyon Creek and Spicewood/Balcones

Richard,

Sooooo true! I'm sure in 2010 there will be those who will kick themselves for not buying in 2009. Oh well..there are plenty who have it figured out and are buying right now!

Mar 29, 2009 11:21 PM