What can $300K buy in Coweta County GA? What will it buy in YOUR town?

By
Real Estate Broker/Owner with Richard Weisser Realty

What will $300K buy in Coweta County GA? What will it buy in YOUR town?The caller from out of state said that they could spend up to $300K.

After having them chat with a Georgia loan officer, I set up some houses for them to see on their visit.

As it turns out, they were surprised that the house that they were looking for was not in the $300,000 price range. What they needed and wanted was priced at HALF of that amount.

Here in Coweta County Georgia you can purchase a brand new 4500 sq. ft. home with all of the bells and whistles for around $280K-$300K. You can have a 2500 sq. ft. home built for around $170K.

Coweta County Georgia has attracted real estate investors from around the world. They have done their research and concluded that Coweta County Georgia is a great area in which to invest.

Coweta County real estate is one of the best values anywhere!

Note: The house in the photo? Would you believe $157,900?

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Rainmaker
5,331,900
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Richard.... that 4,500 s.f. new home in Franklin MA is in the $900k range.... for $300k you will buy a 30-40 year old, 1000 s.f., three bedroom ranch with no garage in nice condition.

Mar 25, 2013 12:07 AM #1
Rainmaker
2,546,382
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

That's $50-$75 over the median pricing out my way and it will buy a nice home....Now is the time to literally make a move

Mar 25, 2013 12:42 AM #2
Rainmaker
206,470
Chuck Mixon
The Keyes Company - Cutler Bay, FL
Cutler Bay Specialist, GRI, CDPE, BPOR

Looks like Georgia has a very nice market going there.

Mar 25, 2013 12:53 AM #3
Rainmaker
93,667
Bill Sauneuf
Preview Properties Skagit LLC - Mount Vernon, WA

Hi, you certainly have the bargains there!!

A reasonably nice $2,000 SqFt home would cost over $200,000 here.

However, we don't have Georgia heat in the Summertime.
It just rains a lot in the Winter...

Mar 25, 2013 01:07 AM #4
Rainmaker
1,989,493
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

You can really stretch that 300K in Northern Maine let me tell you mister man, chummy. 104 acres with fields, woods, home, $40's? Yup. 542 acres with your own humungeous pond, ward log vacation home with stream, wildlife infested woods for the $300K. And everything in between.

Mar 25, 2013 01:11 AM #5
Ambassador
1,726,516
Richard Weisser
Richard Weisser Realty - Newnan, GA
Richard Weisser Retired Real Estate Professional

Barbara...

I always wonder where people get the money? It sure is a lot different here/ Thanks.

Richie...

Our median is about $160K. That why $300K gets you a mansion! THX.

Chuck...

Many hedge funds and foreign investors are gobbling up properties. TYVM.

Bill...

We are in the sweet spot, that's for sure! THX.

Andy...

Maine prices are so low it's hard to resist. Thanks so much.

Mar 25, 2013 02:08 AM #6
Rainmaker
716,029
Laura Filip
Laura Filip Broker , Opening doors for All Seasons of Life - Whitesboro, TX
What can we do for you today?

Great post I will look this up and post what can be purchased in Texoma for this amount. Thanks for sharing

Mar 25, 2013 02:30 AM #7
Rainmaker
1,539,902
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Fifteen Years Experience in Brevard County
The prices sound pretty attractive. I see out of town buyers showing up with out of town expectations!
Mar 25, 2013 02:31 AM #8
Rainmaker
440,536
Eric Crane -- Your Full Service, Discount Fee Realtor®
DPR Realty LLC - Gilbert, AZ
Greater Metro Phoenix Arizona

Interesting post.  I'd be curious to hear what property taxes are like in your neck of the woods.  Also, what is the rental market like for prospective investors.  all the best -- Eric

Mar 25, 2013 02:49 AM #9
Rainmaker
375,666
Lloyd Binen
Certified Realty Services - Saratoga, CA
Silicon Valley Realtor since 1976; 408-373-4411

Richard, seeing the huge variation in prices in the US is always interesting.  In my market $300K gets a 1 bedroom condo in a good area, or a 2 bedroom condo in a mediocre area or a 3 bedroom townhouse in a bad area.  They'll all rent for $1,500-$1,800/mo. with 3% vacancy, or less.  To evaluate the investment potential please give us more information such as market rent, vacancy rate, operating expenses and cap rate.  I know that's a lot to ask, but a vacant unit (yes, I know that's too extreme, but I'm making a point) is rarely a good long term investment.

Mar 25, 2013 03:17 AM #10
Rainmaker
3,985,513
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

But, with the inventory down as it is the prices won't stay this low for long.

Mar 25, 2013 03:51 AM #11
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1,726,516
Richard Weisser
Richard Weisser Realty - Newnan, GA
Richard Weisser Retired Real Estate Professional

Just to be clear I am not soliciting investors for area properties. What I am saying to homebuyers is that if INVESTORS are buying a lot of property here then the deals must be pretty good otherwise the corporate and investment buyers would be looking elsewhere.

We are not an investment or security service, nor do we offer investment advice!

Mar 25, 2013 05:43 AM #12
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1,543,273
William Johnson
Retired - La Jolla, CA
Retired Real Estate Professional
Hi Richard, I was having reverse sticker shock. In San Diego, I won't even venture to say what one could buy for that sum except that it won't be anything like you have have described.
Mar 25, 2013 05:46 AM #13
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1,705,310
Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

Richard, I just closed on a $315,000 house. It was 2,350 square feet, 3 bedroom, 2.5 baths, on .19 acres. It was built in 1996 and is need of updates. Coweta County gets a lot more bang for your buck.

Mar 25, 2013 06:54 AM #14
Rainer
79,242
Gayle Beyer
Welcome Center Realty 772-336-8583, FLA777 - Port St Lucie, FL
Port St Lucie FL Real Estate Broker

In Port St Lucie FL a home like that would be more than 300K but this is South Florida. $300K will though get you a very nice house or even new construction. For Beach Front Property on Jensen Beach's Hutchinson Island $300K will get you a smaller, older home. Nice to know Cowetta is still affordable, I have friends from there and from my living in Atlanta days.

Mar 25, 2013 07:31 AM #15
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3,694,579
Patricia Kennedy
Redfin - Washington, DC
Home in the Capital

Richard, gee!  I think I live in the wrong city!  Of course living in a high priced market means I don't have to work as hard.

Mar 25, 2013 11:01 AM #16
Rainmaker
1,317,757
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

Homes certainly are more affordable in your area.  A home like that in So. NH would be 500K-700K.

Mar 25, 2013 12:20 PM #17
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1,155,826
Bryan Robertson
Los Altos, CA

In my home town of Los Altos (my primary market) a 4500sf home, newly built, will run $3.5-4.0 million.  That all depends on the quality of the construction.  Around the $300K mark, buyers will get a 1-2BR condo in a decent area or a 2BR cottage in a marginal/bad neighborhood.

Mar 25, 2013 12:39 PM #18
Rainmaker
530,023
Peggy James
EXIT Realty Associates - Woodbridge, VA
Woodbridge Virginia Area Real Estate Specialist

Richard- Isn't it wondeful when a relocating buyer  learns their budget goes a lot further in your area. Goodnes that same house here in Prince William County Virginia would sell in the $525,000 price range. The only people who are excited about our prices are those relocating to the DC Area from California, Hawaii, New York City and the Boston area.  

Mar 25, 2013 11:56 PM #19
Rainmaker
83,032
Vanessa Calhoun
PalmerHouse Properties & Associates, LLC - Atlanta, GA
Your Greater Atlanta Marketing Guru!!

Good point, Richard!!! We have a wonderful market!!!

Mar 28, 2013 12:21 AM #20
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